what's ideal after christmas ? DXYI thought I put some bias at the beginning of the week but no, Merry Christmas everyone, The grace of thy Trinity save us all. I expect to trade in next year not this week, but if possible i'd follow this plan.
USDX trade ideas
correctionIt is expected that the correction trend will form up to the specified support levels, then there will be a possibility of a trend change.
If the index crosses the 78.6% level, the continuation of the downward trend will be likely
DXY Happy New Year Analysis Hey guys, this will be my last analysis for the year. I hope you all get some rest and reflection. The markets aren't that great during this period, so don't put yourself at a disadvantage. Go spend time with your family and friends, go have fun, go get ready to dominate the coming year.
Merry Xmas and a happy new year!
- R2F Trading
Bullish DXY. 121 is the short term targetThe dollar index is finishing the year with a strong rally. I expect that rally to continue well into the new year. Any short term retracement will be met with more buying activity. Using smart money concepts, we'll look for orderblock, turtle soups, etc. to align ourselves with the market trend.
The Best Phase of the Trend: The Expansion PhaseBeing a successful trader requires the ability to identify the phase of the trend with the highest probability of success.
The best opportunities arise during the expansion phase, where the prevailing trend resumes, pushing the market to new highs or lows.
This phase is characterized by swift, decisive market moves with minimal pullbacks, aligning strongly with the overall trend.
My Trading Steps:
1. Define the Primary Trend on the Daily
Identify the dominant trend (uptrend or downtrend) to establish the broader market context.
2. Look for a Countertrend on H4/H1
Spot corrections or pullbacks against the primary trend, signaling potential setups.
3. Find a Trigger Candle
Watch for a Marubozu-like candle at the zone of the countertrend line break or the last clean, untested breakdown.
4. Exit Rules
Exit the position if the price closes below the trigger line.
5. Take Profits
Target key Fibonacci levels and significant support/resistance zones. a countertrend on H4/H1
This is an 80% Setup: Targeting Fibo 138.2
The strategy has an 80% success rate when the target is set to the Fibonacci 138.2 level, calculated from the closing prices of the correction.
This precise targeting aligns with the expansion phase of the trend, ensuring high-probability entries and exits while maximizing potential profits.
———
We may not know what will happen, but we can prepare ourselves to respond effectively to whatever unfolds.
Stay grounded, stay present. 🏄🏼♂️
Your comments and support are appreciated! 👊🏼
Here’s an analysis of the DXY on the 1-hour chart, Here’s an analysis of the DXY on the 1-hour chart, with your updated target of 107.100:
Current Analysis
Trend Overview:
The dollar index (DXY) is in a clear downtrend on the 1-hour chart, forming lower highs and lower lows.
Momentum indicators like RSI are likely staying below 50, reinforcing bearish sentiment.
Key Resistance Zone (108.100):
This is the potential sell zone, where the price may face rejection.
Look for a bearish candlestick pattern at or near this level (e.g., shooting star, evening star, bearish engulfing) to confirm the entry.
Support Zones on the Path to 107.100:
Intermediate Support 107.500: DXY might consolidate or bounce slightly here, as it's a possible reaction point.
Final Target 107.100: This aligns with a major support level from prior price action or Fibonacci retracement zones.
Indicators to Watch
RSI:
If RSI is below 40, it confirms strong bearish momentum.
Any divergence (e.g., higher low on RSI while price makes a lower low) near 107.500 or 107.100 could signal weakening downside momentum.
MACD:
Look for a bearish crossover (MACD line crossing below the signal line) as confirmation to enter or hold the trade.
Volume:
A spike in volume near resistance (108.100) supports rejection. Similarly, decreasing volume near the target (107.100) could indicate trend exhaustion.
Trade Setup for 1-Hour Chart
Sell Entry: Around 108.100 (resistance zone).
Take Profit (Target): 107.100.
Stop Loss: Around 108.300, slightly above resistance, to account for volatility.
TVC:DXY
DXY SELL BIASUs dollar index (DXY) is clearly seen forming a downtrend with a head And shoulder pattern, so I anticipate price to go short
DXY Trading JournalDXY Trading Journal
Dec 24
Price is delivering in a Premium. I suspect that Price will seek the 50% level and rebalance the 15FVG. Price should react at that level and rally seeking higher prices.
Potentially rebalancing the higher FVG for the high?
DXY head and shoulders pattern formation
The Head and Shoulders pattern is a popular and reliable chart pattern used in technical analysis to predict potential reversals in market trends. It consists of three peaks: the middle peak (the "head") being higher than the other two peaks (the "shoulders").
Key Elements of the Head and Shoulders Pattern:
Left Shoulder:
Price rises to a peak and then declines.
This peak forms the first shoulder.
Head:
Price rises again to form a higher peak and then falls.
This peak is the head and is the highest point of the pattern.
Right Shoulder:
Price rises again, but this time to a lower peak (similar to the left shoulder) and then declines.
This peak forms the second shoulder.
Neckline:
A trendline drawn between the low points of the left shoulder and the right shoulder.
Acts as a key level of support or resistance.
Trading Analysis for DXY (1-Hour Time Frame) I am currently monitoring the market for a sell entry based on my analysis of the 1-hour chart.
Entry Point: Around 108.100
Target Price: 107.100
Potential Move: 100 pips downward TVC:DXY
Quick Analysis Just before Christmas Hey there,
So, I though of doing a quick market review just before Christmas, hoping to bring some extra insight into whats happening in the markets this week.
Also note that this is but just my opinion and my view of the markets, it should in no way be used or interpreted as advice or signals, but rather as a reference and a soundboard.
Furthermore, I wish you all a happy, blessed and merry Christmas and a successful and profitable new year.
posibility of uptrendIt is expected that after a pullback to the support level and consolidation above this level, the upward trend will continue.
With the support level broken, the corrective trend will continue
DXY "Dollar Index market" Bullish Heist Plan🌟Hi! Hola! Ola! Bonjour! Hallo!🌟
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Based on 🔥Thief Trading style technical analysis🔥, here is our master plan to heist the DXY "Dollar Index" market. Please adhere to the strategy I've outlined in the chart, which emphasizes long entry. Our aim is the high-risk Red Zone. Risky level, overbought market, consolidation, trend reversal, trap at the level where traders and bearish robbers are stronger. 👀 So Be Careful, wealthy and safe trade.💪🏆🎉
Entry 📈 : You can enter a bull trade at any point,
however I advise placing Multiple Buy limit orders within a 15 or 30 minute timeframe. Entry from the most recent or closest low & high level should be in retest.
Stop Loss 🛑: Using the 4H period, the recent / nearest low level.
Goal 🎯: 109.500
Scalpers, take note : only scalp on the Long side. If you have a lot of money, you can go straight away; if not, you can join swing traders and carry out the robbery plan. Use trailing SL to safeguard your money 💰.
Warning⚠️ : Our heist strategy is incompatible with Fundamental Analysis news 📰 🗞️. We'll wreck our plan by smashing the Stop Loss 🚫🚏. Avoid entering the market right after the news release.
Take advantage of the target and get away 🎯 Swing Traders Please reserve the half amount of money and watch for the next dynamic level or order block breakout. Once it is resolved, we can go on to the next new target in our heist plan.
💖Supporting our robbery plan will enable us to effortlessly make and steal money 💰💵 Tell your friends, Colleagues and family to follow, like, and share. Boost the strength of our robbery team. Every day in this market make money with ease by using the Thief Trading Style.🏆💪🤝❤️🎉🚀
I'll see you soon with another heist plan, so stay tuned 🫂
A Merry Christmas To All! I wanted to post a short message here as I have no pairs on watch for today going into the Christmas period this week.
A HUGE thank you to all of my followers who have supported me through 2024, all of the boosts and comments you guys have made are really appreciated.
I look forward to seeing you all back here for a massive 2025, full of momentum and speed to make next year YOUR year.
Have a great time with family and friends over this next week or so, make sure you have your plan of action in place to hit the ground running come January the 1st!
USD IndexDXY - U.S Dollar Index
Completed " 12345 " Impulsive Waves
Break of Structure
RSI - Divergence
Bullish Channel as an corrective pattern in Short Time Frame
Resistance with Strong Bearish Price Action
DXY Weekly analysis 24-Aug-2024Dxy is in the ascending channel in the monthly time frame
Also, at the moment, it is almost close to the bottom of the channel
As various indicators show oversold, I expect the price to bounce back from the area shown on the chart.
Otherwise, with the channel floor breaking, I expect the price to drop to the specified range
But even if the price continues to decline, we should see a pullback in this area
*Be profitable
Thank you for expressing your opinion with likes and comments
Has the turning point of the index arrived?The place we have been waiting for a long time has now arrived.
According to the known area, I expect the index to rotate in the long term.
DXY TRADE SETUP
INDEX : DXY
✔ Classic BULLISH formation
DXY is holding continuous UP Trend so after market retracement I can take BUY entry . If your analysis matches it take a trade otherwise skip the trade.
"💖 Show your love by liking & leaving a comment! Your support means the world to us! 💖"
idea on a chart US Dollar (USD) continues to trade near its 2-year highs. Dollar Index (DXY) was last seen at 108.23, OCBC’s FX analysts Christopher Wong notes.
USD continues to trade near its 2-year high
“Daily momentum is mild bullish while RSI rose into overbought conditions. Resistance at 108.50, 109 levels. Support at 107.20, 106.70 (21 DMA). Day ahead watch US data – core PCE, personal income/spending and Uni of Michigan sentiment. Market liquidity is increasingly thinner and fluid pricing can exacerbate FX moves. A softer than expected print may provide a breather for risk proxies and tame USD bulls.”
DXY US DOLLAR DOWN - CRYPTO UPCorrelation with last post published
correlation btw US DOLLAR INDEX and CRYPTO
Watchlist Breakdown 22/12/2024A quick breakdown of my TOP6 in preparation for next week.
This is not Mark's or the Coaches analysis, so take it with a little distance but I still hope you took value from it and it helped you in preparing next week.
As we move into the festive period a lot of banks will reduce their exposure resulting in much lower liquidity over all asset classes so I'm not too eager to get involved in trades.
Let price and the DXY settle over the next couple of days, stay in your routines, keep the momentum high and be prepared when 2025 starts.
DXY: USD is likely to continue dominate the market! Dear Traders,
DXY has been in news ever since US Election results came out in the market. We expect price to reverse after making small correction, once the correction has been made we can correlate dxy and trade dxy pairs. Good luck and trade safe!
USD$ is set to rise. On Monday I said the opposite: Falling
I stand corrected on what I published last Monday right before the Asia session, I think a rushed analysis and when you see what you want to see in a chart to support an idea, it can all go wrong. Or did the USD$ have such a bullish week to turn the charts around in such a short space of time.
I don't know but both the Daily and Weekly chart of the USDX have a very bullish W/Bottom. For those who don't know these patterns, they are basically a double/bottom or bottom1 & a bottom 2 and a W is formed as price is written up to a Neckline which is the yellow lines on the daily and weekly charts here.
I initially thought and stated that the USD$ may run up to 1.11 /1.12 and from a technical standpoint of these W/bottoms that is exactly where price may end up. But lots can happen in the meantime.
Briefly on Gold and Silver:
The Gold price has turned around bullishly after turning down in a Double/Top for many days. This turnaround also coincides with the bottom trend-line which is also the bottom line of a Triangle formation on the daily. Next trading day I would expect Gold to continue to climb for a couple of sessions before turning back down to the trend line and bottom of Daily-triangle which is all but complete and price would then either breakdown or breakout from triangle. I think that despite the USD$ continuing to climb, the Gold price will do the same thing and climb but probably won't go to an ATH just yet.
Silver has a bearish Head n Shoulders on the Daily. Price will retest the sell area next session on the daily which means the Silver price will get a false Long rally and selling will resume into the daily H n S pattern. The Silver price is right on the daily 200ema and back in January and February 2024 price got a little below the 200ema and then took off on a Long rally. Same thing expected, the HnS will play out and price will fall back a little more and then a buying spree and rally upwards will commence in Silver, possible just before the New Year.
