DXY technical analysis 1h time frame 108.500 is very imp levelDXY Forecast and technical analysis 1h time frame next move possible here ir very important supply zone on 108.500.
This is not financial advice trade and manage your own risk.
USDX trade ideas
US Dollar index is at channel resistance Intraday Update: Inversely to the EURUSD the DXY is nearing channel resistance and the 38% retracement as well, above the 108.28 level would be bullish intraday. FOMC decision is up later this session at 2PM ET.
DXY Dollar Index Ahead of Key Central Bank DecisionsDXY Dollar Index Ahead of Key Central Bank Decisions
The DXY Dollar Index has experienced a pullback over the past two weeks after reaching a multi-year high. Currently the index stands at 107.90, down by over 2% from its highest level this month
Major key events influencing the index:
Central Bank Decisions:
Focus is on interest rate decisions from key central banks, including the Bank of Canada, the Federal Reserve and European Central Bank (ECB). The ECB is expected to cut rates by 0.25%, BOC is expected to cut rates by 0.25%, while the Federal Reserve is anticipated to maintain high interest rates on hold today.
The recent US economic data showed a rise in the Consumer Price Index (CPI) and a strengthening labor market. The Federal Reserve's decision to maintain a wait-and-see approach amid rising inflation trends has caused the US dollar show some weakness.
Key Levels to Watch:
Support Levels: 106.80 and 106.0.
Resistance Levels: 108.50 and 109.40.
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dxy buy tradeThe Relative Strength Index (RSI) is showing an upward trend, indicating increasing momentum. Additionally, the Moving Average Convergence Divergence (MACD) is showing a bullish crossover, further supporting the potential for an upward move.
DXY US DOLLER INDEX BEARS READY TO TAKE CONTROL (READ CAPTION)Hello Traders! Here is my (DXY) ANALYSIS Share Your Opinion About This Chart
This trade setup is based on the Technical Analysis of the DXY Chart identified the down trade. Traders should exercise caution and consider there risk management before entering this trade.
Now (DXY) Current trading in 107.800 and this position is trying to go down side 107.000/ to 105.000 so today we focus on Bearish trend. Resistance Level 108.500 Bear on the strike
Key Levels:
Trend: Bearish
Sell Target
Target 1) 107.000
Target 2) 106.000
Target 3) 105.000
Support Zone: 104.000/103.500
This Analysis is my personal opinion trade at your own risk
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DXY(US Dollar Index)// Bearish Outlook, Reversal pattern confirm📉 DXY (US Dollar Index) Outlook 📉
DXY has broken the upward trendline with a significant gap down, forming strong bearish candles. A head and shoulders pattern at the top signals a confirmed reversal. The index is currently near the neckline and 200EMA, which serve as a demand zone and potential retracement point toward the trendline or second shoulder.
🎯Technical Targets: 105.90, 103.40
💡 Implication: The dollar is likely to decline toward its real value.
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TrendLogic1
Dollar broke and retested the monthly support Dollar dropping to the monthly support. Donald is now in office, and he is focused cutting interest rates. On the weekly I see an inverted head and shoulders a big pattern sign of reversal to the downside. I am looking to see if price will continue to drop.
posibility of uptrendIt is expected that after the current corrective pattern is completed, a trend change will form and we will see the start of an upward trend. If the red support area is broken, the continuation of the downward trend will be likely
DXY SELL ANALYSIS RISING WEDGE PATTERN Here on DXY price form a rising wedge and now try to move down as line 108.017 has broken so trader should go for short with expect profit target of 106.273 and 104.283 . Use money management
Dollar DKY Interest rate decision in the united states today expected to Hold at 4.5%
Euro tomorrow expect to cut interest rates by 25BP
Key events this week for the dollar
DXY Trading JournalDXY Trading Journal
Jan29
Gross price action yesterday. The whip saw back and forth taught me that MM are gathering up orders and a large move could be, on the way.
Red folder impact presented a very weak move.
Shut my computer after being exhausted waiting for a set up. Great day to learn WHEN TO TAKE THE DAY OFF.
Today USD has 3 red folder. I will see what Asia shows and potentially watch from a far London. With Price hugging .618 level it would seem likely for it to want to come up into the noted Hourly FVG.
Be nimble and only read what the charts shows me for direction of what inefficiency and liquidity it wants to take.
DXY LOOKS TO HEAD DOWN LOWER FOLLOWING FOMC ON WEDNESDAYDXY is retesting the previous fractal low zone from the (Buy Before The Sell). The weekly golden retracement is still not reached (0.382 Weekly Retracement). Following the FOMC anything can occur including spikes and market confusion. Trade all major dollar pairs with careful understanding.
PATIENCE PAYS THE BILLS !!!!!!!DXY Markup. You should several things as to why price is consolidating & I don't think it will go higher until price comes backdown first !
DXY rebounding on the 1D MA50 and bottom of Channel Up.The U.S. Dollar Index (DXY) has been trading within a Channel Up since the November 05 2024 Low and the break-out above the 1D MA200 (orange trend-line). Yesterday it made a new Higher Low exactly at the bottom of the Channel and shortly after breaching the 1D MA50 (blue trend-line).
This MA recovery confirms the start of the pattern's new Bullish Leg. The previous two delivered a rise of exactly +4.50%, and as such we will be looking for a similar Target at 111.650.
Note that, even though the 1D RSI resembles the May 15 2024 Low, which despite an initial rebound, it was rejected on the Lower Highs trend-line at the time, now the long-term trend has shifted to bullish as that Lower Highs trend-line turned into Support on the December 06 2024 contact.
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Dollar Index Bullish to $111.350 (UPDATE)The Dollar has melted down to our second POI, down to $107 & so far has bounced back up. It is possible that price might still drop a little lower, but overall I expect the Dollar to turn bullish again.
We've seen Wave 4 correction complete, followed by a 'BOS' above Wave 3 high confirming the bull run will continue. Retest of supply zone completed, now time for the move up to continue📈
DXY 2H 🌟 DXY 2H dollar index analysis
With the failure and pullback in this red area, we expect more fall
DXY Will Go Down! Short!
Take a look at our analysis for DXY.
Time Frame: 8h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is approaching a significant resistance area 107.947.
Due to the fact that we see a positive bearish reaction from the underlined area, I strongly believe that sellers will manage to push the price all the way down to 106.747 level.
P.S
The term oversold refers to a condition where an asset has traded lower in price and has the potential for a price bounce.
Overbought refers to market scenarios where the instrument is traded considerably higher than its fair value. Overvaluation is caused by market sentiments when there is positive news.
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DXY 4H Timeframe AnalysisDXY 4H Timeframe Analysis
Trend Analysis
On the 4-hour timeframe, the DXY (U.S. Dollar Index) is in a short-term downtrend. The price has been creating new lower highs and lower lows until it broke through the major key support at 107.400, a significant level due to at least five tops formed below it. After the breakout, sellers gained momentum, accumulating a large volume of sell orders.
However, sellers started losing strength as the price reversed, hunting stop-loss levels above the major key support. The price then rebounded above 107.400, forming a liquidity trap and signaling potential manipulation to accumulate more orders.
Price Action Expectation
Our objective is to wait for liquidity to form within the current liquidity zone. Once this occurs, we will look for the price to break below the major key level at 107.400 again. A confirmed close below this level on the 4-hour timeframe will indicate that sellers have regained control, signaling a continuation of the downtrend.
The next target is 105.500, where the next minor key support lies. This level is critical as it represents the next significant area where the price could find buying interest.
Trade Setup:
Trade Type: Sell Stop
Entry: 107.090 (after price breaks below 107.400, signaling trend continuation)
Stop Loss: 107.830 (above the liquidity zone, protecting against false breakouts)
Take Profit: 105.500 (targeting the next minor key support level)
This setup capitalizes on the expected continuation of the downtrend, leveraging the liquidity zone to confirm selling pressure. A proper risk-to-reward ratio enhances the trade's potential profitability.
Fundamental Outlook:
The DXY (U.S. Dollar Index) can indirectly affect the performance of companies like NVIDIA. A stronger U.S. dollar (when DXY is rising) can hurt U.S. exporters, including tech companies like NVIDIA, because their products become more expensive for foreign buyers. This can lead to a decline in revenue from international markets, especially since NVIDIA has a significant portion of its revenue coming from abroad.
In January 2025, NVIDIA's stock (NVDA) experienced significant volatility, culminating in a substantial decline on January 27. The stock closed at $118.42, marking a 16.9% drop from the previous close. This decline was primarily driven by the emergence of DeepSeek, a Chinese AI startup that introduced a cost-effective AI model, raising concerns about reduced demand for NVIDIA's products. The combination of a stronger U.S. dollar (higher DXY) and competition from AI startups like DeepSeek could have compounded the downward pressure on NVIDIA's stock price.
Both DXY movements and external competition are crucial factors to monitor for investors in stocks like NVIDIA, as they can significantly impact performance and valuation.
Risk Management:
Risk-to-Reward Ratio: Maintain at least 1:2 to optimize returns.
Position Sizing: Adjust lot size according to account equity and risk tolerance.
False Breakout Caution: Be mindful of potential false breakouts. Reassess stop-loss placement if the price fails to hold below 107.400.
Conclusion:
The DXY setup targets a continuation of the downtrend after liquidity is formed within the current zone. The breakout and retest of 107.400 confirm significant selling pressure. By waiting for further liquidity formation and a confirmed close below this level, the trade maximizes the likelihood of a profitable outcome. The liquidity zone suggests a high probability for sellers to regain control and drive the price toward the next minor key support at 105.500.
Disclaimer: Trading involves substantial risks. Always consult a financial advisor before making trading decisions.
Dxy On A Bull Run Expecting Eurusd To Be Bearish This WeekDxy On A Bull Run Expecting Eurusd To Be Bearish This Week
Dollar shorts..?I've been waiting on this since last week..
A beautiful model for a Short..it gave me xxx @ around 107.419
So it's a high probability set up let's keep our eyes on it...
DXY Dollar Index Market Bearish Heist Plan 🌟Hi! Hola! Ola! Bonjour! Hallo!🌟
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however I advise placing sell limit orders within a 15 or 30 minute timeframe. Entry from the most recent or closest high level should be in retest.
Stop Loss 🛑: Using the 4h period, the recent / nearest high level
Goal 🎯: 105.800 (or) Before escape in the market
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📰🗞️Fundamental, Macro, Sentimental Outlook
The DXY (Dollar Index) market is expected to move in a bearish direction, driven by several key factors.
🔴Fundamental Analysis
The DXY is a geometrically weighted index that tracks the value of the US dollar against a basket of six major currencies: the euro (57.6%), Japanese yen (13.6%), British pound (11.9%), Canadian dollar (9.1%), Swedish krona (4.2%), and Swiss franc (3.6%). The index is influenced by interest rates, inflation, and economic indicators such as GDP and employment rates.
🟠Macro Analysis
The US Federal Reserve's monetary policy decisions significantly impact the DXY. With the Fed's rate hike cycle, the US dollar has strengthened against other major currencies. However, the recent decline in US Treasury yields has put pressure on the dollar.
🟡Market Sentiment
The market sentiment for the DXY is currently bearish, with 71% of IG client accounts short on this market. However, some analysts believe that the dollar's decline has been overdone and expect a rebound.
🟢Retail Traders' Sentiments
Retail traders' sentiments are mixed, with some expecting a bullish move and others predicting a bearish trend. On TradingView, some analysts have identified a potential bearish pattern, while others see a bullish reversal.
🔵Upcoming Events
The upcoming events that may impact the DXY include:
Federal Reserve Meeting: The Fed's interest rate decision and monetary policy statement may influence the dollar's value.
US GDP and Inflation Data: The release of US GDP and inflation data may impact the dollar's strength.
Trade Developments: Any updates on US trade policies, particularly with China, may affect the dollar's value.
🟣Trading Expectations
Based on the analysis, it's challenging to predict a clear direction for the DXY. However, considering the bearish market sentiment and potential bearish patterns, a neutral to bearish move is possible in the short term. Keep a close eye on upcoming events and market developments to adjust your trading strategy accordingly.
⚠️Trading Alert : News Releases and Position Management 📰 🗞️ 🚫🚏
As a reminder, news releases can have a significant impact on market prices and volatility. To minimize potential losses and protect your running positions,
we recommend the following:
Avoid taking new trades during news releases
Use trailing stop-loss orders to protect your running positions and lock in profits
🚨Please note that this is a general analysis and not personalized investment advice. It's essential to consider your own risk tolerance and market analysis before making any investment decisions.
🚨Keep in mind that these factors can change rapidly, and it's essential to stay up-to-date with market developments and adjust your analysis accordingly.
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