DXY weekly moveDXY candle has confirmed a short on the weekly. However there is a strong retrace after the break of structure. I am expecting a double top before it falls.
USDX trade ideas
DXY: Bullish reaching 110 levels- Expecting Dollar index to be bullish to the end of the year ,
- On a short-term basis you can see price retested to the demand zone last week and swept the liquidity from the last minor low at 105.600 and closed above with a strong bullish daily candle.
- Next minor high at 106.700 could be a great confirmation for the move so consider closing above that price your final signal.
DXY ... Dollar ideas for the near termMore specific look at TVC:DXY levels and their corresponding relation to past price action..local action but trends are global chart ultra-high to ultra low...or recent ultra-high to -ultra-low
The many crosses at the bottom don't occur much, but they really help to set bottoms...just as few lines in space allow for more wild price action until otherwise met at a higher or lower level...
Always remember, these are charts- not reality. When your chart shows great action and then you look out the window and can't relate- its cause its all a paper game- keep that in mind.
Copper takes at best 17, and at worst 30 years to come online for new supply in regards to a mine. Other than the Congo or South America---not much out there. So chart all you want, but you may be a 3rd of a century older until a magnificent mine gets its first nugget of partially refined ore.
So here is a simple example...If you decided you wanted to be a neurosurgeon but you didnt want to get a specific shoulder sticker- you missed out from 2020 to at least 2023 in some states...now you are 4 years back from college, like 3 or 4 from med school, 6 or so from residency, and 1 to 2 years from actual surgery. Ergo...One action of a few people caused a 3 or 4 year delay, that already takes what 16 or more to complete if done on time and pass everything.
There is no argument here or politics..just facts. Too many Gretas got shares in renewable companies and didnt want Exon or Valero from becoming bigger and more efficient...now what?
#Dollar / #Bitcoin correlation I've previously described the correlation, and it's clear to everyone: a weaker DXY is positive for BTC.
📝Recently, the dollar has grown significantly and seems close to a local maximum (the chart is inverted). This demonstrates the strength of Bitcoin, as it was able to rise even against a strengthening dollar.
💡Imagine its movement when the new administration plans to lower the dollar price like they did last time. I think we will see a similar scenario as in 2017, when the dollar, from a local maximum, begins to provide a tailwind to the movement of assets that trade against it.
DXY is heading towards something big EITHER WAY!This is an ominous looking chart telling us something extreme is likely ahead!
Right now, this trend continues to move up the major arc, which began in the 70s.
If we stay on this road, $160 is a possibility by the 2030s.
If we fall below this arc before reaching the top, LOOK OUT BELOW.
U.S. Dollar Index Analysis: Trendline Breakout Targets $110 ResiThe U.S. Dollar Index (DXY) has shown a strong breakout above a key descending trendline, signaling renewed bullish momentum.
The Power of Negative Correlation: DXY vs. GBP/USDThe relationship between the U.S. Dollar Index (DXY) and GBP/USD exemplifies a classic case of negative correlation in the forex market. As the DXY tracks the strength of the U.S. dollar against a basket of major currencies, a rise in the DXY typically results in a decline in GBP/USD, and vice versa. This inverse relationship reflects the direct impact of dollar strength on the British pound, which makes analyzing both charts together a powerful tool for identifying high-probability trade setups.
In the attached charts, the DXY shows a bullish breakout and retest pattern, suggesting further upside potential as it moves toward the 109.500 level. Meanwhile, GBP/USD mirrors this movement inversely, with a bearish trend forming and a projected move toward the 1.23500 support zone. These complementary patterns not only confirm the negative correlation but also offer insights into potential price action, allowing traders to align their trades with broader market sentiment.
For traders, understanding and leveraging this negative correlation can enhance both risk management and trade timing. By monitoring DXY for signs of dollar strength, traders can anticipate potential downward moves in GBP/USD. This approach, combined with breakout and retest strategies, offers a clear framework for capitalizing on these movements. Keep an eye on key support and resistance levels on both charts for optimal trade entries.
DXY shortExpecting short term short on DXY, we reached monthly sibi, there is unfilled inefficiency. Forex this phase will be long
Dxy market keeps maintaining the bullish rally The DXY continues its bullish rally, breaching the 109.000 level and signaling strong upward momentum. Current projections indicate a potential demand zone forming around 107.900, which could serve as a key support for continued gains follow for more insights , comment, and boost idea
Dollar Index Heading Higherincredibly as it may seem considering the fundamentals, the trajectory of the Buck against all other currencies looks to still have room to travel. The pattern is moving in the late stages of a wave C up. Specifically on the fifth wave of C. This portends of a violent reversal. The first objective is moving under the channel projected from the end of wave A. Make no mistake about it the day in the sun for the dollar will end, and when it does, it will bleed hard.
Happy trading :)
DXY: HTF Analysis (72D)What’s Happening Now on the High-Timeframe?
The DXY measures the strength of the U.S. dollar against other major currencies. On the 72-day chart, we’re seeing signs of a potential shift, but the overall trend is still in downtrend territory. Keep an eye on how the price reacts to these levels and stay ready to adjust your strategy!
RESISTANCE (Areas where price struggles to rise above):
If Resistance holds firm, Price Action could reach Support I (see below)
If Resistance is strong, Price Action could short to Support II (see below)
118.53 (Sell Limit Order II): the 2nd resistance level for sellers
117.09 (Supply Zone): This is a hard ceiling for now, far above the current price.
113.50 (Sell Limit Order I): the 1st resistance level for sellers
110.29 (Resistance) If the price keeps getting stuck here, it might fall back down.
SUPPORT (Areas where price might stop falling):
100.4180 (Support I): The first major safety net if the price drops.
95.8590: A deeper support that could attract buyers.
93.96 (Support II): The second major safety net if the price drops.
89.9269: A historical level where prices have bounced in the past.
OSCILLATORS (Measure speed or momentum of price)
Relative Strength Index (RSI): At 81.36, it suggests the price is overbought, meaning it’s been rising too fast and might slow down.
Commodity Channel Index (CCI): At 134.004, it’s signaling a potential SELL since the price might drop soon.
Momentum: Shows a weak SELL signal, suggesting the upward speed is losing steam.
MACD: Shows a small BUY signal, meaning there’s still some upward energy left.
MOVING AVERAGES (Track average price over time)
Most moving averages (10-day, 20-day, etc.) show a BUY, meaning the price has been above its averages and is in an uptrend for now.
Hull Moving Average: Shows a SELL signal, hinting at potential short-term weakness.
KEY TAKEAWAYS
The Good News (for buyers): The moving averages suggest that DXY is still in an upward move on shorter timeframes, with prices above key averages.
The Bad News (for sellers): Oscillators like the RSI and Momentum show that the current upward push might be losing strength. The market might correct (fall) soon.
If the price struggles to break 110.2990, it might fall back to 100.4180.
A breakthrough above 112.5000 could lead to a move toward the 118.5326 zone.
Even though we’re seeing some upward action now, the bigger trend is still downward. A reversal would need sustained movement above major resistance.
If price falls: Look for potential rebounds around 100.4180 or 95.8590.
If price rises: Be cautious as it approaches 112.5000, where sellers might come back in.
Right now, DXY is facing challenges near 110.3990. If it can’t push higher, it’s likely to fall back to lower levels.
Moving averages suggest strength, but oscillators are hinting at exhaustion. This mix of signals means you should be cautious and wait for clear moves.
Apparently, bright days are ahead of DXYDXY has underwent a reversal:
1- A clean inverted head and shoulders
2- A dropping wedge break high (Which is a reversal at the end of the bearish move)
3- Break and retest of the inverted head and shoulders and the wedge simultaneously
4- Ichimoku cloud broken high as well, indicating the shifting trend bias
Expect the target area as marked on the chart either by the end of this year or whenever FED announces rate cuts.
Best of luck and happy trading!
What's next for the Dollar?Will they keep driving the dollar to push us into hyperinflation territory and bring about turbulent times?
The FED is in the midst of reducing supply while people are selling off assets. Will the $$$ have any value later on?
3M time frame DXY. I don't trade this, just monitoring
DXY Parabolic Rally IncomingDXY recently reached its highest level since 2022 after a huge rally off of $100. This is a longer term monthly chart. We can see what appears to be bullish consolidation since 2022 between $100-$105. The next move will be up to that 2022 high followed by a move back up to the 2001 high and potentially higher. This will be a disaster for equities.
US treasury yields are about to skyrocket causing the collapse of the Japanese Yen and most likely many other currencies. The fed will have to pause the cuts, they may even be forced to hike again. The writing is on the wall. If I'm wrong and it falls instead, $100 is the next area I'd look for it to hold. As long as it holds there, it is still bullish on the longer term time frames in my opinion.
DXY long1)Trend defined. Daily uptrend.
2)Contradictory limit entry order. At the lower extreme of an 1h consolidation area.
3)Default loss. Just below the initiative bull candle.
4)Default target level. 5.54.
5)Risk <= 3%.
6)Singular trade.
7)Trades placed today <= 5.
USD completing wave 5US Dollar index hit the long term 61.8% retracement at 108.95.
This could be the wave 5 completion, which may be a big resistance for the US Dollar to start the year.
A CLEAR INDICATION THAT DXY IS GOING FOR @114.DXY HAS BEEN RANGE BOUND SINCE YEAR@22..
And during this time it has a couple of attempts to break out of the range and failed until APPR @16 OF DEC 25 it mananged to not only break but retest THE PREVIOUS RANGE CEILING.
WHICH CURRENTLY CLEARLY INDICATES THE CLEAR INTENTIONS OF THE DXY TO GO AFTER @114 THE ALL TIME HIGH.
Previously we had intentions of swinging THE DXY LOW but with this analysis our BIASED HAS CHANGED WE ARE OF COURSE LOOKING FOR POSSIBLE SHORT short POSITIONS FOR THE BIG RETEST OF THE CEILING BEFORE THE PUSH FOR THE @114 BREAK.
-AND SHORTLY LOOKING AT HOW THE US ECONOMY HAS BEEN STRONG TOWARDS THE END OF year@24 this makes our bias that the DXY has strength and determination to eliminate @114 in the first quarter of 2025.
Bullish dollarPrice is bullish on the weekly, price broke out of a weekly resistance zone and retested it, price also formed a symmetrical triangle which broke out above with a little pullback and it's impulse move
Key Levels for the Month ∷01.2025 ∷DXY🔳Key Levels Overview for the Month🔲 ∷01.2025 🐍
Dynamic Resistance🔀
110.50
109
Dynamic Supports🔀
106.50
105
Mid Pivot (🐻bull&bear🐂 zone ch trend)
112.50
108.54
104.44
range of supply and demand
110.02
107.33
104.64
Range Band 🐇
111.26
107.94
104.61
DXY at 108.4: The Dollar’s Midlife Crisis—Breakout or Breakdown?Alright, traders, let’s not sugarcoat it. What you’re looking at here isn’t just another chart—it’s the U.S. Dollar Index (DXY) standing at the gates of destiny. 💥
🔥 The Setup:
Testing the almighty 108.4 resistance. Will it smash through like a battering ram or faceplant into oblivion? 🤔
Riding the top of the Bollinger Bands like it’s a rollercoaster at peak speed. Overbought much? 🎢
RSI? She’s chilling at 59 —neither here nor there but whispering “don’t count me out just yet.” 🧘♂️
🚀 The Bullish Dream: Break 108.4, and this thing’s flying to the moon (or at least 112). Bulls will party like it’s 1985. 🐂💃
💀 The Bearish Nightmare: Rejected here? Say hello to a pullback at 104, and if things really hit the fan, we’re looking at 100.6. Bears will sip their coffee smugly. 🐻☕
But here’s the kicker: DXY isn’t just a chart—it’s the puppet master pulling the strings of everything from Bitcoin to gold to your morning cup of coffee. ☕ (Yes, inflation is still a thing.)
⚡ Final Word: Whether it breaks or bends, this is the make-or-break moment for the dollar. Get ready for fireworks. 🎇
George out. ✌️ #DXY #DollarIndex #Forex
DeGRAM | DXY testing the resistanceThe DXY is in an ascending channel between the trend lines.
The price is moving from the dynamic resistance.
The chart has formed a harmonic pattern and is now testing the resistance level, but has not yet consolidated above it.
We expect a decline after a successful consolidation under the channel.
-------------------
Share your opinion in the comments and support the idea with like. Thanks for your support!
DXY Dollar Index Market Bullish Heist Plan🌟Hi! Hola! Ola! Bonjour! Hallo!🌟
Dear Money Makers & Robbers, 🤑 💰
Based on 🔥Thief Trading style technical and fundamental 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 after the Breakout.
however I advise placing Buy limit orders within a 15 or 30 minute timeframe. Entry from the most recent or closest low or high level should be in retest.
Stop Loss 🛑: Using the 4H period, the recent / nearest low or high level.
Goal 🎯: 110.500
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 💰.
Based on the fundamental analysis, I would conclude that the DXY (US Dollar Index) is: Bearish
Reasons:
Interest rate differential: The Federal Reserve's (Fed) interest rate (4.50%) is high compared to other major economies, but the rate hike cycle is expected to slow down, which could lead to a decline in the DXY.
Economic growth: The US GDP growth (2.1%) is slowing down, and the economy is facing headwinds from trade tensions and global economic uncertainty, which could lead to a decline in the DXY.
Trade balance: The US trade deficit (USD 50 billion) is large and growing, which could put downward pressure on the DXY.
Fiscal policy: The US fiscal policy is becoming increasingly expansionary, which could lead to a decline in the DXY.
However, it's essential to consider the following risks:
Global economic slowdown: A slowdown in global economic growth, particularly in China and Europe, could lead to a flight to safety and support the DXY.
Geopolitical tensions: Escalating geopolitical tensions, particularly in the Middle East and North Korea, could lead to a flight to safety and support the DXY.
Fed's monetary policy: The Fed's dovish stance and potential interest rate cuts could support the DXY.
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.
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.
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.
💖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 🫂
