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USD Index (USX) / US Dollar

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Analysis Dollar / DXYAs I mentioned in yesterday's analysis, the Dollar has a strong potential to continue its bullish movement on the weekly (W) chart to capture liquidity (LQY) in the upper zones. Also, let me remind you again that the Dollar is in consolidation on the weekly (W) chart. Tomorrow, we have very strong news at the opening of the New York Stock Exchange, so I will most likely take the day off and wait to see what happens. On the hourly (H) charts, we see strong bullish momentum, but we also see a lot of liquidity below. Therefore, I believe that tomorrow's news impact will push the price down and create a pullback for the price to collect buy orders.
TVC:DXY
by andricstrahinja95
Dollar / DXY AnalysisOn the weekly chart, we can see that the Dollar is aiming to capture liquidity in the zones above. We also see that the Dollar is in consolidation on the weekly chart. On the daily chart, the Dollar is strongly bullish, which indicates to me that it will continue its bullish movement. What happened today is a pullback, which I mentioned in yesterday's analysis, followed by a continuation of the bullish trend. Tomorrow, we have news throughout the day that will affect the Dollar, so I will most likely take a break and observe what the price does during the day. We also have news for the EUR, which is not of great importance, and GBP news that may push the price in a certain direction. On the hourly charts, the Dollar continues with its bullish structure.
TVC:DXY
by andricstrahinja95
WHY I THINK DOLLARS ARE IN DEMAND...ITS GOOD BUSINESS.The Case for Dollar Strength Amid Margin Compression The relationship between U.S. Treasury yields and the U.S. Dollar Index (DXY) continues to draw attention, particularly as we observe a divergence between 10-year yields and the DXY. With the 10-year yields showing signs of a sell-off, the dollar has managed to surge, reflecting broader market sentiment favoring the dollar as a safe haven. Margin Compression and Its Implications Margin compression refers to the reduction of profit margins, often due to rising costs or increased competition. In the context of financial markets, when profit margins tighten, investors tend to seek safe assets to protect their capital. The behavior signals caution, leading to a flight towards more stable currencies like the U.S. dollar. The observed margin compression across various sectors could indicate heightened demand for dollar-denominated assets. This trend is consistent with the movement in the DXY, which has seen a sharp uptick, possibly fueled by global investors buying into the dollar to hedge against market volatility and declining yields. 10-Year Yield Dynamics and Dollar Demand The graphical comparison of the 10-year U.S. Treasury yields against the DXY reveals an interesting narrative. As yields show signs of a sell-off, typically indicating lower confidence in growth or inflation outlooks, the dollar has strengthened. This inverse relationship can be attributed to investors shifting capital into the U.S. dollar as a safety net amid broader economic concerns. Essentially, when there is less faith in long-term yields, the appeal of holding dollars rises. What This Means for Future Dollar Movements Given the current landscape, where margin compression is forcing businesses and investors to tighten their strategies, there is a potential for continued buying pressure on the dollar. The DXY's consistent rise suggests that the dollar could maintain its upward trajectory, especially if the U.S. economy continues to outperform its global peers or if there is increased economic uncertainty worldwide. In conclusion, margin compression, often underappreciated, is proving to be a critical indicator of where capital flows are heading. As long as investors remain cautious and seek stability, the dollar is likely to remain strong. Keep an eye on these dynamics, as they could play a significant role in guiding trading strategies in the weeks to come.
TVC:DXY
by moneymagnateash
Daily Chart Analysis of the DXY Dollar Index The DXY (Dollar Index) is currently approaching a significant supply and resistance zone in the range of 104.00 to 104.50. This level has historically acted as a barrier to further price increases, and we expect a potential rise in supply (selling pressure) around this area, which could temporarily halt the upward momentum in the short term. Key Levels: Resistance Zone: 104.00 - 104.50 Potential Target: If a breakout occurs, the next medium-term target may be above this range. Current Strategy: Short positions can be considered around 104.00 to 104.50, but patience is advised to observe the exhaustion of buying power at this resistance level. Key Considerations: Supply Increase Expected: The resistance level at 104.00 to 104.50 is likely to attract sellers, potentially capping the price in the short term. The market will need strong buyer momentum to overcome this supply zone. Watch for Exhaustion of Buyers: Look for signs of buyer fatigue, such as weaker upward moves, before entering a sell position. This could signal the ideal time to act within this range. Potential Breakout: In the event of a strong breakout above 104.50, the upward trend may continue in the medium term, suggesting that selling pressure has been absorbed. In such a case, waiting for confirmation of sustained price action beyond 104.50 would be essential before considering a reversal of strategy. Risk Management: Implement tight stop-loss orders in case the price surges past the 104.50 resistance, invalidating the short-selling scenario. Conclusion: At this stage, the 104.00 to 104.50 level represents a critical resistance zone for the DXY. While selling at this range could be profitable in the short term, it's important to wait for clear signs of weakening buyer strength. However, a strong breakout could shift the market's direction towards further price gains in the medium term.
TVC:DXYShort
by BourseNegar
DXY Index at Critical Resistance: Possible Clues for USD Pairs👀👉 The US Dollar Index (DXY) is nearing a key resistance zone, repeatedly tested on both the monthly and weekly timeframes, which often signals a potential market reaction or rejection. While the US dollar has maintained a strong bullish trend, these factors suggest a possible near-term reversal, offering potential opportunities in both correlated and inversely correlated currency pairs. Disclaimer: This is not financial advice. Always do your own research and consult a licensed financial advisor before making any trading decisions. 📊✅
TVC:DXY
by tradingwithanthony
Levels discussed on 22nd October Livestream22nd October DXY: retracing, testing 103.80 support level, needs to stay above 103.60, to continue uptrend to 104.20. NZDUSD: Sell 0.6015 SL 20 TP 40 AUDUSD: Stays below 0.67, Sell 0.6680 SL 20 TP 60 GBPUSD: Retracing, Look to test and reject trendline, Sell 1.3025 SL 20 TP 50 EURUSD: Look for reaction at 1.0780 support level or 1.0870 resistance level USDJPY: Buy 151.15 SL 40 TP 65 USDCHF: Sell 0.8630 SL 10 TP 20 USDCAD: Buy 1.3860 SL 20 TP 60 Gold: Look for retracement possibly to 2715, buy on dip, for 2750 target
TVC:DXY
by JinDao_Tai
USD Index at 104 Resistance: Strategies for the Next MoveIn early October, I wrote that the multiple attempts to break below the support level given by the beginning of the year price were likely false breaks. I suggested that the DXY (U.S. Dollar Index) was primed for a reversal to the upside, which could potentially push the price toward the 104 resistance level. As anticipated, the USD Index reversed and touched this key resistance. Looking ahead, a correction from this point seems probable, with the 102.50 zone being a possible target in the coming days. My strategy is to look for buying opportunities in EUR/USD and AUD/USD.
TVC:DXYShort
by Mihai_Iacob
Dollar Index Consolidation: Will NFP Trigger an Upside Breakout?Since its recent touch on the support zone back in August, the U.S. Dollar Index ( TVC:DXY ) has entered a period of consolidation, characterized by multiple attempts to break through this critical support level. Despite several instances where the price briefly dipped below the technical support zone, each time, the market witnessed a strong reversal, with bulls stepping in to defend the level successfully. From my perspective, we are nearing a potential upside reversal, and the upcoming Non-Farm Payroll report on Friday could serve as the catalyst for this move. Currently, 102 is the key level to watch for confirmation of an upward breakout. Should the DXY break above this threshold, the next reasonable target would be around 104, marking a significant bullish shift in momentum.
Editors' picks
TVC:DXYLong
by Mihai_Iacob
15
US dollar rally faces hurdle as rates unwind stalls at key levelWhether it reflects US economic exceptionalism reducing the need for large-scale rate cuts from the Federal Reserve or improved prospects for Donald Trump winning the US Presidential election, or a combination of both, it’s obvious the US interest rate outlook is dictating direction across FX markets. Higher US yields are sucking capital from other parts of the world, helping to fuel US dollar strength. With short-dated Treasury futures teetering above a key technical level, what happens next could be highly influential in determining the path for currencies and global borrowing costs as we move towards year-end.
TVC:DXYEducation
by FOREXcom
2
Dollar Index - Busy Week Ahead. Expect VolatilityFor over 2 weeks, dollar index has been bullish, rallying up to the weekly objective of 103.546 - 104.080 fair value gap whilst also pinging off the daily bearish order block. Bearishness this week down to the most local imbalance @ 103.444 - 103.345 (T1) and 102.993 - 103.031 (T2) would be considered a healthy retracement in the grand scheme of the bull run. Have you not noticed that as the FED and other central banks lower their interest rates (effectively making their money to borrow cheaper) lead to a low resistance liquidity run. Monday - 2 medium events Tuesday - 4 medium, 1 High event Wednesday - 3 Medium - 5 High event Thursday - 4 Medium, 9 High event Friday - 5 medium, 2 High events
TVC:DXYShort
by LegendSince