USDX trade ideas
DXY: Watch the Key Level for the Next Bullish Leg HigherWelcome back! Let me know your thoughts in the comments!
** DXY Analysis !
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DXY WEEKLY BIAS Hi there my followers I will not be here without you guys I will always try my best to serve you guys better, here is my bias for the weekly timeframe for DXY, you can use this to check out negatively correlated pairs like EURUSD, all you need to do is to follow up the callouts, pay close attention to details, never forget not to trade against the trend always observe proper risk management and do not overtrade or practice revenge trading. Stay tuned for more updates. I'm here to make your trading journey easier.
Analyzing DXY: Key Clues for USD Pair Trading Opportunities👀👉 In this video, we dive into the DXY index and analyze its bearish break of market structure on the 4-hour chart, highlighting the mounting pressure on the dollar. We discuss the importance of monitoring price action through the London session into the New York open, waiting for potential liquidity runs and pullbacks before the daily or weekly trend emerges. Learn how the DXY provides vital clues for trading correlated and inversely correlated currency pairs, unlocking potential opportunities across the forex market. Don’t miss these key insights to stay ahead in your trading! Not financial advice.📊✅
DXYDXY - U.S Dollar Index
Bearish Channel as an Corrective Pattern in Short Time Frame
Break of Structure and Retracement
RSI - Divergence
Completed " 1234 " Impulsive Waves
Order Block
DOLLAR (DXY) BULLISHDXY has taken out certain lows on the weekly TF and now it's showing signs of starting a buy program
DXY seems going HIGHER as STRONG ECONOMIC DATATVC:DXY currently traded higher after strong economic data last Friday. NFP data told us that US labor market remain strong. We also can see at Tuesday Job Opening data which showed us "higher than expected - higher than previous month" and finally drives the price up. At the last speech, Powell also said that FED isn't in a rush condition to reduce the interest rate. All of this information gives more optimism to big player in the market to buy dollar.
Technical analysis in the picture tells TVC:DXY failed to make breakout movement below weekly trendline support and seems continue to move to it's last high around 106.75. If this resistance can't hold the price, it will be double bottom chart pattern and could move dollar to it's 22 Nov high around 108.xx
So currently i saw buy opportunity for dollar and sell opportunity in the counter currency of dollar.
Bullish bounce?US Dollar Index (DXY) is falling towards the pivot and could bounce to the 1st resistance that has been identified as a pullback resistance.
Pivot: 105.16
1st Support: 103.68
1st Resistance: 106.96
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DOLLAR DROPPING?This week, I anticipate the DXY to retrace before continuing its recent bearish trend. Since reaching the weekly supply level, the price has consistently formed lower lows and lower highs. This bearish momentum aligns with the bullish trends seen in pairs like GBP/USD and EUR/USD, which I use as additional confluence.
I’ll be watching for the price to retrace to around 106.400, a key area for potential sell opportunities on the dollar. This level aligns well with points of interest (POIs) in my other forex pairs, adding further confidence to this setup.
Note: As we approach the final month of the quarter and year, market conditions may become less predictable due to lower volume. Stay alert, but manage expectations accordingly.
Stay vigilant, and trade safe!
What about DXY?I haven't updated my DXY analysis for a while. So let's dust it off.
The last update was in September when the atmosphere was changing in a way that we couldn't predict the US Election clearly and for a short period, the market thought the results wouldn't be as it is today. That was why I was a bit bearish on DXY. By getting closer to Election Day the clouds were going away and it got easier for the market to see the outcome. So, it strengthened the dollar while weakening the Gold as we expected the geopolitical tensions to cool off.
What's next?
For now, I see the 10-year bond yield can show a bit more weakness to come just below 3.99%. Then after that, we should update our analysis and see what comes next. But I think ~4% is low for now and after that, I like to see a jump back up. In this short-term correction DXY would follow the 10-year bond yield and most probably come into the range of 104 to 105. That's also can be a small driver for Gold to go higher a bit.
Mighty DollarDxy on Friday saw a rejection of 105.40 with jobs report reading of 227k beating October print of -28k closing the week at 105.97 this area is interesting because of a higher low from rally on November 24. looking ahead cpi on Wednesday could provide fresh direction. capturing a move above 106.35 could approach Fibonacci retracement 0.618 at 107.05 and 0.706 Fibonacci at 107.27. Trade at your own risk.
DXY/ USD The US Dollar flat with dust settling over Nonfarm Payrolls number. The Greenback is being rebalanced with markets looking for a December rate cut from the Fed. The US Dollar Index (DXY) is back above pivotal support at 105.50, heading to 106.00The US Dollar Index (USDX) is an index (or measure) of the value of the United States dollar relative to a basket of foreign currencies. These currencies are the Euro (constituting 57.6% of the weighting), Japanese Yen (13.6%), British Pound (11.9%), Canadian Dollar (9.1%), Swedish Krona (4.2%) and Swiss Franc (3.6%). The index started in 1973 -with the absolution of Bretton Woods- with a base of 100.000, and values since then are relative to this base. For example, if the current reading says 99.800, this means that the dollar has fallen 0.2% since the start of the index (99.800 - 100.000)Being the Dollar Index a geometrically weighted index and not a trade-weighted one, it is too concentrated in Europe and does not include two of the U.S. top four trading partners Mexico and China. It does not appear to be used by corporates or many asset managers, like mutual funds, insurance companies, and endowments. It is primarily a speculative vehicle. It's also important to acknowledge that a geometric mean artificially lowers the value of the USD over time.
DXY daily chartI think the dollar will move higher given Trump's tariffs and the jobs report. Technically, it has broken its long-term downtrend line and is pulling back to it.
DXY WAVE ANALYSISThe trend seems to have ended in this timeframe /
Currently, the trend seems to be continuing. I do not recommend trading until the trend ends in this timeframe and lower targets
Make sure to involve less than 2-3% of your total capital and adhere to money management principles
This is just a suggestion for consideration
Time for the Dollar to be realisticWith the news of Donald Trump being the united states new president we have seen nothing but euphoric bullish price action of the dollar. However, I believe that it is finally time for that to come to an end and for the dollar to continue in it's gradual and slow demise.
I believe the dollar push to the upside was nothing but a retracement on the HTF and with the bitcoin becoming more of a powerhouse we will continue to see the dollar lose its value.
This is supported through my analysis as we can see the dollar reacting from the weekly imbalance and creating LL and LH and Breaking structure to the downside. I believe that this will continue this week and be looking to sell after price takes the ASH and forms Wyckoff in my 3H supply.
My only hesitation is that my other pairs that go against the dollar I am also predicting to sell, Although we haven't seen the usual correlation between the pairs they normally have i am still cautious but my analysis remains ever true. If the dollar decides to push further up it will simply be filling the remainder of the Imbalance in order to have a proper reaction from the weekly supply.
Bearish Outlook for the Dollar Index (#DXY): Key InsightsIn our earlier analysis of the 📉Dollar Index, we highlighted a consistently bearish outlook.
The price has broken below a rising trendline and the neckline of a double top pattern on the 4-hour chart. It is now testing the confluence zone formed by these breached structures.
A decline appears highly probable, with target levels set at 105.70 and 105.43.
DXY Will Go Lower From Resistance! Sell!
Here is our detailed technical review for DXY.
Time Frame: 1D
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is approaching a key horizontal level 105.962.
Considering the today's price action, probabilities will be high to see a movement to 103.661.
P.S
Overbought describes a period of time where there has been a significant and consistent upward move in price over a period of time without much pullback.
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DXY index
Hello traders,
I would like to discuss the DXY (U.S. Dollar Index). The price has reached the monthly Fair Value Gap (FVG), and all the buy stops indicated on the chart are now in play. Additionally, the daily and 4-hour timeframes are showing signals that suggest a downward movement.
After a pullback to the 107 zone, this could present a good opportunity for a short position.
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If you have any specific areas you’d like to focus on or further questions, feel free to let me know!
DOLLAR INDEX UPDATE......
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reliance on the information contained within this channel including
data, quotes, charts and buy/sell signals.
If you like this idea, do not forget to support with a like and follow.
Traders, if you like this idea or have your own opinion, please feel free command me.
DOLLAR INDEX UPDATE......
AronnoFX will not accept any liability for loss or damage as a result of
reliance on the information contained within this channel including
data, quotes, charts and buy/sell signals.
If you like this idea, do not forget to support with a like and follow.
Traders, if you like this idea or have your own opinion, please feel free command me.
Dollar Index (#DXY): Bearish Outlook ExplainedIn our previous analysis on 📉Dollar Index we noted a persistently bearish outlook.
The price has broken a rising trend line and the neckline of a double top on the 4-hour chart.
Currently, it is testing the confluence zone created by these broken structures.
There is a strong likelihood that the pair will experience a decline shortly, with target levels at 105.70 and 105.43.
Shorting the Dollar: A Madman's GameI’m going to take this trade—it's close enough to the level where it would invalidate my idea. I may tighten my stops a bit, but I’m okay with taking a second shot later if I get stopped out.
The Dollar is indeed strong right now, so I’m going against the trend here. I’ll be aggressively taking profits if it dips a bit. If we push past 106.75, I might consider shorting it.
This price action is looking very similar to the July-September 2023 move.
TVC:DXY
US DOLLAR Weekly Forex Forecast: Look For BUYS This Week!USD INDEX is bullish for the short term... but bearish in the longer term. This week will have
opportunities for short term long positions. Just be mindful not to swing for home runs! The larger pullback seems to have started, so the bears are coming!
Enjoy!
May profits be upon you.
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