Get started
US Dollar Index CashUS Dollar Index CashUS Dollar Index Cash

US Dollar Index Cash

No trades
See on Supercharts
Overview News
Ideas
Discussions Seasonals

USDX trade ideas

Inauguration Week: Will the Rally Endure?The FX market is bracing for a potentially volatile week, with the US presidential inauguration coinciding with crucial economic data releases. This confluence of events could trigger significant uncertainty and trading opportunities. Dollar's Strength and Potential Vulnerability The US dollar has been on an impressive rally, fueled by expectations of policy shifts, monetary policy divergence, and strong economic data. However, this upward momentum could be vulnerable to a correction, particularly if upcoming economic data disappoints or if the inauguration triggers unexpected market reactions. Technically, the US Dollar Index (DXY) is facing resistance around the 110 level. A break above this level could signal further upside potential, while a failure to break through could lead to consolidation or a minor correction back towards 108.00. BoJ Rate Decision in Focus This week also features key central bank meeting. The Bank of Japan (BoJ) is widely expected to raise interest rates by 25 basis points, potentially impacting the Japanese yen. USD/JPY is currently hovering around the 157 level. A hawkish BoJ could trigger a sharp appreciation of the yen, sending USD/JPY tumbling back towards the 152-150 zone. Conversely, a dovish stance could reignite the dollar's dominance against the yen, potentially pushing USD/JPY towards the recent high of 162.00. Eurozone PMI Data and the Euro's Outlook The Eurozone will release its latest Purchasing Managers' Index (PMI) data. Weaker-than-expected PMI figures could further weigh on the euro, which has already faced pressure from the dollar's strength. EUR/USD is on a gradual descent, with a strong possibility of reaching parity (1.0000) within the first quarter of 2025. The pair recently bounced off the 1.0200 level, which now acts as a critical support. A decisive break below this level would significantly increase the likelihood of the pair reaching parity. Other Key Currencies: ● British Pound: The pound remains vulnerable amid concerns about the UK economy. GBP/USD has broken below key support levels and is currently testing the 1.21 area. A break below this level could signal further downside potential. ● Australian Dollar: The Australian dollar is sensitive to developments in the Chinese economy. AUD/USD is trading near a key resistance level at 0.6200. A failure to break above this level could lead to further declines. ● Canadian Dollar: Canadian inflation data will be released this week, potentially influencing the Bank of Canada's monetary policy decisions. USD/CAD is currently testing a resistance zone around 1.4450. A break above this level could open the door for further gains. *This is a market analysis, not trading advice. Trade responsibly and do your own research.
TVC:DXY
by E8Markets
1
DXYThe U.S. Dollar Index (DXY) measures the value of the U.S. dollar against a basket of six major currencies, including the euro, yen, and pound. It serves as a key indicator of the dollar’s strength in global markets. Short-term movements in the DXY are influenced by factors such as Federal Reserve policy, interest rates, inflation data, and global economic conditions. Higher interest rates in the U.S. generally strengthen the dollar, while lower rates can weaken it. Traders use the DXY to gauge market trends, hedge currency risks, and make investment decisions. Shorting the DXY means betting on a weaker U.S. dollar, often through forex trading or inverse ETFs.
TVC:DXYShort
by HavalMamar
1
It's Good To Be Back, With The Dollar Gold Shaping Up Before CPIHey there, Dollar: The dollar pulled back slightly early this morning from a two-year high as traders await key inflation data scheduled to come out later today. However, the focus remains the plans set by Donald Trump for more trade tariffs, with traders also waiting for an interest rate decision in China and labor market data from Australia for more cues on Asian markets. The recent weakness in the dollar was mainly due to the softer than expected PPI inflation data released for December. The reading spurred hopes that inflation will ease, giving the Fed more headroom to keep cutting rates, But certain components of the PPI reading, like PCE Price Index data which is the Feds preferred inflation gauge, read stronger for December, indicating that the underlying inflation likely remained high. As a result, focus is now squarely on CPI inflation data due later today, for more cues on interest rates. With growing anxiety that sticky inflation will keep U.S interest rates high for longer, especially after the Fed warned of a slower pace of rate cuts this year. Gold: Gold has made steady gains, while traders keep to the sidelines ahead of CPI data later today. The recent gains in Gold came from softer-than-expected PPI inflation data which spurred some hopes that inflation will ease further in the coming months. However, in spite of the steady gains Gold still remains rangebound as safe haven demand remains limited, while the prospect of slower interest rate cuts by the Fed also weighed on the outlook. Higher interest rates is not good for non-yielding assets like Gold, because it increases the opportunity cost of investing in them
TVC:DXY
by DeanMuller
2
The Prop Trader’s Secret: How to Trade for Real MoneyTrading for Profit vs. Trading to Make Money There’s a critical difference between trading to be profitable and trading to make money. While they may seem like the same thing, they’re not—and as a trader, you must decide which approach you want to take. If your goal is to be a prop trader who actually makes money, here’s 3 ways you shift your mindset and strategy. 1. Make Frequent Withdrawals Traders focused on making money consistently withdraw profits. I learned this the hard way during my early trading days, seven years ago. Back then, I was obsessed with being "profitable." My focus was on hitting arbitrary profit targets—green months, green quarters, and a green year. While that mindset works for hedge funds, it’s not ideal for prop traders. To succeed in the prop trading space, you need to prioritize frequent withdrawals. Hit a strong run and make 2.5%? Withdraw. Have a profitable day and the withdrawal window opens tomorrow? Even if you’re only up 1%, withdraw. Frequent withdrawals create a feedback loop: the more often you secure profits, the more motivated and disciplined you’ll be to continue nailing winning trades. Prop trading comes with inherent uncertainty, so obsessing over 10% profit targets or arbitrary milestones only sets you up for disappointment. 2. Follow the 1-1-1 Rule Stick to the 1-1-1 rule: Take 1 trade per day. Risk 1% per trade. Focus on 1 financial instrument. Adhering to this rule will transform your trading. You’ll avoid overtrading, reduce your exposure to losing streaks, and eliminate the emotional tilt that often leads to blowing accounts. This discipline has kept me consistently profitable over the years. Whether you’re trading GBPUSD, EURUSD, XAUUSD, or US30, pick one instrument and master it. The path to trading success is as much about mastering yourself as it is about mastering the market. 3. Focus on Small Risk-to-Reward Ratios (R:R) Small R:R trades may not sound exciting, but they’re the backbone of consistent profitability. Catching a 1:10R move might feel like the ultimate trading achievement, but are you here to be "profitable" or to make money? Make up your mind. Most traders chase high R:R setups, only to give back 80% of their gains after one emotional mistake. Instead, focus on smaller, attainable targets: Learn to consistently spot 1:2, 1:3, and occasionally 1:4 R setups. On a $200k account, a single 1:3R trade at 1% risk generates $6,000. After locking in a winning trade, withdraw your profits and repeat the process. Over time, these smaller, consistent gains will make you far richer than grinding for massive R:R setups and risking it all in the process. The Bottom Line Prop trading is about discipline, consistency, and the ability to extract real money from the markets—not just hitting arbitrary profit goals. By making frequent withdrawals, following the 1-1-1 rule, and focusing on attainable R:R setups, you can trade with confidence, avoid burnout, and get make real money! Isn't that why we're all here? Happy Trading
TVC:DXYEducation
by Pips4Breakfastx
2
DXY SINGLING DANGER!Any Time The Dollar Gets In This Range Bad Things Happen! With the exception of the 2008 GFC which confirmed we have entered Debt Deflation (Meaning the Gov will need to borrow more and more, faster and faster without any benefit to the real economy). A strong dollar is signaling something very bad is coming. Gun to head I would guess something like an Asian Currency Crisis. Russian ruble & economic collapse is now a certainty! Russia has lost the war no matter what they are trying to do on the battlefield it is irrelevant as the economy is now suffering from Dutch Disease. (So Much for the BRICS fantasy!) Most Americans believe a strong dollar is good. They are wrong. Here are a few things to know about a strong US Dollar. 1. A strong dollar weakens exports, costing American jobs as everything America made becomes more expensive to the rest of the world. 2. US Imports increase as everything internationally made becomes cheaper. 3. Acquiring USD as foreign reserves becomes much more difficult and expensive. As exporters to the US have to produce more for less $s. 4. US investment in international currency collapses, forcing inflation, rates higher making borrowing/investment in foreign economies weaker. Leading to a snowball effect. 5. Commodities are traded in USD. As such energy/food to many poor nations will become a problem as they are net importers with already limited access to NYSE:S it will be magnified. 6. Finally (I could go on but I won't you get the point) when everyone leans on one side of the boat it capsizes. Meaning when everyone is running to invest in the US & the dollar. Techanically how high can the USD go? -120 is likely. (hopefully not much more) -Longer term if things get bad enough it can break all-time highs of 165 as we have this massive bottoming inverse HEAD & SHOULDERS in place. CARNAGE! - What I hope will happen is that it hits previous recent highs of 115 and that will be it for the upside. HOWEVER! We do have a rising structure that needs to be corrected. As such when it does correct there is a good possibility it tests previous lows. For now, if you live in the US. enjoy dollar strength and think about how much worse inflation would have been if the $ was weakening. ))
TVC:DXYLong
by RealMacro
DXY Will Move Higher! Buy! Here is our detailed technical review for DXY. Time Frame: 12h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is approaching a key horizontal level 109.412. Considering the today's price action, probabilities will be high to see a movement to 110.871. P.S We determine oversold/overbought condition with RSI indicator. When it drops below 30 - the market is considered to be oversold. When it bounces above 70 - the market is considered to be overbought. Like and subscribe and comment my ideas if you enjoy them!
TVC:DXYLong
by SignalProvider
1
DXY- Start of correction?In my previous analysis of the DXY, I mentioned that the index might begin a correction after more than three months of upward movement and a 10% increase. Yesterday, the market opened with a downside gap and broke below the rising trendline that had been supporting the price since the 100 mark. This suggests that 110 could now serve as a local top. As long as the price remains below this level, shorting the USD currency could present a viable trading opportunity. I am currently looking for buying opportunities in currency pairs such as EUR/USD, GBP/USD, AUD/USD, and NZD/USD.
TVC:DXYShort
by Mihai_Iacob
Forecast UPDATES! Jan 15, WedIn this video, we will update the forecasts for the following markets: ES \ S&P 500 NQ | NASDAQ 100 YM | Dow Jones 30 GC |Gold SiI | Silver PL | Platinum HG | Copper Enjoy! May profits be upon you. Leave any questions or comments in the comment section. I appreciate any feedback from my viewers! Like and/or subscribe if you want more accurate analysis. Thank you so much! Disclaimer: I do not provide personal investment advice and I am not a qualified licensed investment advisor. All information found here, including any ideas, opinions, views, predictions, forecasts, commentaries, suggestions, expressed or implied herein, are for informational, entertainment or educational purposes only and should not be construed as personal investment advice. While the information provided is believed to be accurate, it may include errors or inaccuracies. I will not and cannot be held liable for any actions you take as a result of anything you read here. Conduct your own due diligence, or consult a licensed financial advisor or broker before making any and all investment decisions. Any investments, trades, speculations, or decisions made on the basis of any information found on this channel, expressed or implied herein, are committed at your own risk, financial or otherwise.
TVC:DXY
by RT_Money
My Analysis of the DXY ChartLooking at this chart, the DXY is moving within an ascending channel defined by the two white trendlines. Based on my analysis, there are a few key levels to watch, especially the Fibonacci retracement levels. First, if the price starts to drop from the upper boundary of the channel, it is likely to retrace down to the 0.61 Fibonacci level. This is an important support zone, and the price might bounce back up from here. However, if the 0.61 Fibonacci level doesn’t hold, the price could continue falling towards the 0.78 retracement level. This level is a much stronger support and could trigger a significant reversal if the price reaches it. Finally, the lower boundary of the channel, marked by the white trendline, serves as the ultimate area of support. If the price falls this far, there’s a strong chance it will bounce back upward within the channel. This analysis highlights the key zones where the price is likely to react and helps identify the next potential moves for the DXY
TVC:DXYShort
by professionalgoldtrader
Levels discussed on Livestream 15th Jan 202515th January 2025 DXY: Consolidating below 109.40, price stays below 109.40, could trade down to 108.75 (bottom of the channel and 61.8%) NZDUSD: Sell 0.5580 SL 20 TP 40 AUDUSD: Buy 0.6210 SL 20 TP 40 (IHS) GBPUSD: Sell 1.2140 SL 30 TP 80 (watch out at 1.2110) EURUSD: Sell 1.03 SL 40 TP 110 USDJPY: Sell 156.95 SL 30 TP 80 EURJPY: Sell 161.25 SL 35 TP 105 GBPJPY: Nothing for now, possibly lower to 188 USDCHF: Look for reaction at 0.91 USDCAD: Sell 1.4345 SL 20 TP 40 XAUUSD: Look for price to trade up to 2697, previous swing high
TVC:DXY
by JinDao_Tai
DXY for short-term DownsideHello Fellow Traders, Its BEEN A WHILE! I hope That Everyone Follows This Forecast To make some big Profits! Here is a Full Updated Analysis & Forecast For DXY The Best way to follow my Analysis is if the following conditions apply. Conditions - 1. Wait for the Market to Show you some (Rejection / Confirmation / Direction) 2.Wait for confirmation(Price Action Confirmation ( Pinbar , Bullish or Bearish engulfing / Break of structure Aka Support Or Resistance) 3.Do your Own analysis! (Draw Trend Lines / Support & Resistance Zones / SND ) 4.Always Use Risk Management (Risk 1% of your capital) 5.Entry Should be Made on The 4H Timeframe (Only if you have Confirmation) 6.Trade at own risk! &. Plan Your Trade & Trade The Plan! Let Me know if you have any Questions or Comments Below! Negative Or Insulting Comments Are Not Welcome See You in the next Analysis! Global Fx Education
CAPITALCOM:DXYShort
by Global_Fx
DXY in 4H timeframehello dear traders U.S. Dollar Index (DXY) and the potential for a correction over the next month: Federal Reserve Monetary Policy: If the Federal Reserve signals a slowdown or pause in its rate hikes, it could put downward pressure on the DXY. Upcoming speeches or FOMC minutes will be key indicators to watch. U.S. Economic Data: Weaker-than-expected economic data, such as lower GDP growth, higher unemployment rates, or declining inflation, could suggest a less aggressive Fed policy, leading to a potential correction in the dollar. Global Economic Trends and Risk Sentiment: Increased risk appetite in global markets could drive investors toward riskier assets (like equities or emerging market currencies), reducing demand for the dollar as a safe-haven asset. Geopolitical and International Developments: Any easing of geopolitical tensions or positive trade agreements between major economies could diminish the dollar’s safe-haven appeal and contribute to a potential correction. Correlated Markets like Gold and Oil: Rising prices in gold or oil often correlate with a weaker dollar. If these assets strengthen, it could be a sign of dollar weakness. In summary, weaker U.S. data or dovish signals from the Fed, combined with a more favorable global economic environment, could increase the likelihood of a DXY correction over the next month.
TVC:DXYShort
by mehdi_kb
Levels discussed on 20th Jan 2025 Livestream20th January 2025 DXY: Currently below 109.40, break above, could trade up to 110 (previous swing high), beyond that, strong resistance at 111 NZDUSD: Sell 0.5575 SL 25 TP 60 AUDUSD: Sell 0.6170 SL 15 TP 40 GBPUSD: Sell 1.2150 SL 15 TP 40 EURUSD: Sell 1.0310 SL 30 TP 110 USDJPY: Buy 156.70 SL 40 TP 120 EURJPY: Sell 161.10 SL 40 TP 120 GBPJPY: Looking for reaction at 191.15 USDCHF: Choppy between 0.91 and 0.9150 USDCAD: Buy 1.4480 SL 30 TP 60 XAUUSD: Needs to stay above 2694 (trendline) to trade up to 2722 resistance
TVC:DXY
by JinDao_Tai
DXYThe Dollar Index (DXY) measures the value of the U.S. dollar relative to a basket of six major foreign currencies: the euro, Japanese yen, British pound, Canadian dollar, Swedish krona, and Swiss franc. It provides a comprehensive gauge of the dollar’s strength in global markets and is widely used by traders, investors, and policymakers. A rising DXY indicates a stronger dollar, often reflecting investor confidence in the U.S. economy, while a declining index suggests a weakening dollar. The index is closely watched for its impact on commodities, trade balances, and global financial markets.
TVC:DXYShort
by HavalMamar
Trump’s Inauguration: What Lies Ahead?Capping a decisively sweeping victory on 5 November 2024 in what many called a ‘historic comeback’, Republican Donald Trump will be inaugurated as the 47th president of the United States (US) on Monday at 5:00 pm GMT (midday EST). This marks his second run for the highest office. The ceremony is set to take place at the Capitol building. Supreme Court Chief Justice John Roberts is expected to oversee Trump's oath of office, followed by an inaugural address that the incoming President himself has said will be a message about ‘unity’ – very different from his 2017 speech that portrayed the country as ‘American carnage’. Outgoing president Democrat Joe Biden has said he will attend the ceremony, a courtesy not extended by Trump for the former’s inauguration four years ago. Additionally, and in a break from tradition, world leaders have been invited to the ceremony for the first time, including China's President Xi Jinping. Although he will not be attending, Vice President Han Zheng will do so in his place. In addition to world leaders, several influential figures are expected to attend. Elon Musk confirmed his attendance – who, alongside Vivek Ramaswamy, was recently nominated to head up the Department of Government Efficiency (DOGE). We can also expect Jeff Bezos, Mark Zuckerberg, and Sam Altman, CEO of OpenAI, to be present. What Can We Expect from Trump? Trump has assured the world of a hard-hitting approach towards illegal immigration, which is anticipated to include plans for the mass deportation of undocumented migrants. He stated he ‘will launch the largest deportation program in American history to get the criminals out’. Trade tariffs are another key policy that the global economy can expect, as he is anticipated to increase the protectionist policies his administration introduced in the first term. About a year ago, Trump noted that ‘except for day 1’, he would not be a ‘Dictator’; this, as you would expect, sparked outrage from critics. However, if we know anything about Trump, he has a long – some would say ‘colourful’ – history of making incendiary statements that trigger both support and anger as well as generate a torrent of headlines. Undoubtedly, the first 24 to 48 hours of the Trump administration will be eventful and likely elevate volatility across key asset classes, such as Currencies, Bonds, Stocks, and Commodities. The new government is expected to sign over 100 executive orders on day one. Although not usually as many orders, this is a regular practice for incoming Presidents as part of the transition process. I expect Trump to make a statement on his first day in office that may make ‘a few heads spin’. We will likely observe executive orders directed at a crackdown on the US-Mexico border, along with orders focussing on issues such as energy, trade, and actions affecting Federal workers. Additionally, he is expected to roll back any executive orders initiated by the Biden administration that have not yet been finalised. Markets Ahead of Trump’s Inauguration I do not expect to see much price action ahead of Trump’s big day; however, technically speaking, US dollar (USD) bulls remain in control. According to the US Dollar Index, the USD is on track to finish the week moderately lower, snapping a six-week winning streak. The Team and I have been banging the drum about monthly resistance on the US Dollar Index at 109.33 for a while now. This level entered the fray following a three-month rally just north of the 50-month simple moving average (SMA), currently trading at 101.12. With the Relative Strength Index progressing above the 50.00 centreline (positive momentum), this could eventually nudge the USD beyond current resistance towards the 2022 high of 114.78. As seen from the daily chart of the US Dollar Index, the 200- and 50-day SMAs (at 104.68 and 107.32, respectively) are pointing to the upside; you will also note that price action is comfortable north of both dynamic values and that a Golden Cross (50-day SMA crossing above the 200-day SMA) developed in late 2024 – all of which are considered bullish indications. Current price action is shaking hands with resistance at 109.29 (Quasimodo resistance), and sellers have displayed limited enthusiasm as of writing. Absorbing willing offers here pave the way towards another layer of neighbouring resistance at 110.78 (another Quasimodo resistance), followed by the 2022 pinnacle at 114.78, as mentioned above.
TVC:DXYLong
by FPMarkets