LongerDXY is setting up to get close to 110. it will face resistance around that level. You can call the pattern a raising broadening wedge.
USDX trade ideas
US Dollar Index Short Term Sell IdeaH4 - Bearish trend pattern followed by a pullback
Until the two strong resistance zones hold my short term view remains bearish here.
DXY Is Going Down! Sell!
Take a look at our analysis for DXY.
Time Frame: 12h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is trading around a solid horizontal structure 108.155.
The above observations make me that the market will inevitably achieve 107.189 level.
P.S
Please, note that an oversold/overbought condition can last for a long time, and therefore being oversold/overbought doesn't mean a price rally will come soon, or at all.
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DXYUSD Bearish SignalDXY had experienced an unnatural pump against risk and competition currencies, elation that will no doubt come to an abrupt end soon as my charts do not lie. What would typically be viewed as a large bull flay is indeed a failed auction. This signifies a major upcoming crash of the USDX as inflation has been out of control and the fed has failed to control it. Spending is up and while unemployment remains high the job market and industry remains strong as US GDP outputs remain very high. This could reverse in the summer but at this time price action is toppish and I call a negative reversal to the downside targeting sub $100 ranges.
DYX Monthly vs Crypto & Stocks: The Most Bullish Ever!The DXY is at its most bullish since June 2021. Here we can see it bouncing strongly from EMA55 as support.
We looked at the DXY and how it is related to Bitcoin ( see here ).
Now we want to consider the DXY on its own.
➖ How far up can the DXY go and for how long?
To start, we can see that the last time the DXY went bullish it closed green for four consecutive months. This would be the first green month, so we have another three of potential bullish action.
The bounce in July 2023 also produced four months of growth. Now, the action in the last bounce and back in 2023 were part of a consolidation pattern, what we are seeing now is the start of a bullish wave.
➢ First, within several months, or weeks, the DXY is set to hit 109. Long-term, it can go higher and hit a new All-Time High.
➢ The first long-term resistance will be around 114, which is the September 2022 peak. 111.1 would be an intermediate target.
➢ The new ATH can settle around 124/5. The last ATH was hit around 121.
This is all based on the long-term.
This is the monthly timeframe.
The DXY going bullish can have a very strong negative effect on the stock market and even Cryptocurrency but this is only initially, after several months of the DXY being strongly bullish, the Cryptocurrency market can recover and do great. I don't know about the stock market, it can be different but Crypto will be fine.
Thank you for reading.
Namaste.
US Dollar Index (DXY) Rising Channel IntactChart Analysis:
The US Dollar Index (DXY) continues to trade within a well-defined ascending channel (green-shaded area), signaling sustained bullish momentum.
1️⃣ Ascending Channel:
The DXY is consolidating near the channel's midline, with the upper boundary around 110.00 acting as a potential resistance area.
A breakout above the channel's upper boundary would signal continued bullish momentum, while a retracement to the lower boundary around 106.00 could provide buying opportunities.
2️⃣ Key Support Levels:
The 50-day SMA (blue line) at 106.50 is providing dynamic support, aligning with the channel's lower boundary.
The 200-day SMA (red line) at 104.50 reinforces long-term support.
3️⃣ Momentum Indicators:
RSI: Currently at 62, indicating bullish momentum but shy of overbought levels.
MACD: Momentum remains positive, with the MACD line above the signal line, supporting the bullish bias.
What to Watch:
Monitor the channel's upper boundary for potential resistance or breakout opportunities.
Watch for pullbacks towards the 50-day SMA and lower trendline for potential support levels.
RSI and MACD trends will be key in confirming momentum strength or weakness.
The DXY remains firmly within its bullish structure, with the ascending channel and moving averages providing a clear technical framework for traders to follow.
-MW
it is now looking like a top in the making PEPPERSTONE:USDX the whole euphoria with donald trump is now giving away its price and it is looking like we should have a top here because there is a clear breakout failure so it may decline or it can rest for some time now that looks more likely now rather than carrying the bull trend
Dollar Index (DXY) Analysis - January 21, 2025Dollar Index (DXY) Analysis - January 21, 2025
The Dollar Index (DXY) is currently trading at 108.70, up 0.90% from the previous close.
The index is hovering below the key pivot point at 109.40, a crucial level that could dictate the next directional move.
Immediate resistance stands at 110.20. On the downside, support is seen at 107.90, with further cushion at 106.80 and 106.00.
You may find more details in the chart!
Thank you and Good Luck!
❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
DXYThe U.S. Dollar Index (DXY) is a measure of the U.S. dollar’s value relative to a basket of six major foreign currencies:
• Euro (EUR) – the largest component (~57.6%)
• Japanese Yen (JPY)
• British Pound (GBP)
• Canadian Dollar (CAD)
• Swedish Krona (SEK)
• Swiss Franc (CHF)
DXY rises when the U.S. dollar strengthens against these currencies and falls when it weakens. It is widely used by traders, investors, and policymakers to assess the dollar’s strength in global markets.
The DXY experiences declines as it reacts to monthly supply zoneThe DXY experiences declines as it reacts to monthly supply zones, while the gold market remains steady amid this shift. Market participants should watch for further corrections in the DXY and potential demand shifts in gold. follow for more inisights, comment and boost idea
DXY Dive Incoming? Watch the Liquidity Zones!From the higher timeframe perspective, DXY is currently hovering within a key monthly Fair Value Gap (FVG), marked in red. This zone serves as a critical point of interest and could dictate the next directional bias for the dollar.
Key Observations:
Current FVG Zone:
-Price is consolidating within the monthly FVG. A close below this zone would provide stronger confirmation of a bearish move targeting lower liquidity levels.
Bearish Bias:
-The recent price action indicates weakness as sellside liquidity (SSL) is beginning to show signs of attraction.
-The presence of significant sellside liquidity targets below, including:
-105.411 (Weekly SSL - Sweep)
-103.370 (Weekly SSL - Next Zone)
-100.215 (Major Daily SSL Zone)
Messy Market Conditions:
-Due to fluctuating macroeconomic factors, including USD news events, we may observe temporary rallies or retracements. However, these are likely to form lower highs before continuing the descent.
Confirmation Levels:
-Bearish Confirmation: A daily or weekly close below the monthly FVG would solidify the bearish case, signaling that sellside liquidity at 105.411 and lower levels are likely next.
-Bullish Risk: If the current FVG holds as support and price pushes higher, we could see an attempt to retest higher zones (e.g., 109.535) before resuming downside momentum.
Conclusion:
The expectation is for DXY to drop towards sellside liquidity levels at 105.411, 103.370, and potentially as low as 100.215. However, traders should await a clean confirmation (such as a close below the monthly FVG) to validate the move.
DYOR (Do Your Own Research) and trade safely amidst potential market volatility!
Let me know if you'd like any refinements!
KURDFX11 INDEX USDA small explanation.
By breaking the second zone, the dollar drops to the bottom zone.
posibility of uptrendDue to the behavior of the indicator within the current resistance level, possible scenarios have been identified. It is expected that the upward trend will continue.
DXYWe stongly bullish, as we can see we from a storng psycological level and price rejected multiple times that zone. And adding as weekly cot report DXY is strongly bullish. The next strong resistance zone is 110
Market Forecast $SPX (Jan 19th—> Jan 24th)### **Market Forecast (Updated 1/19/2025)**
SPX - Market held the MOB level I mentioned last week, we are starting to bounce and move up.
Ideally we should be looking for buy opportunities.
Next resistance: 6050 and 6,136
Next support: 5,920 followed by 5,832
Weekly Sentiment: Bullish
I would like to tell friends that the dollar will fly in the skyI would like to tell friends that the dollar will fly in the sky in the penultimate wave.
$MMBM DXY 1HTop-down analysis: when evaluating the DXY monthly chart, we identify a bullish movement forming, targeting external liquidity. Based on this, in the lower timeframes, we are aligning our bullish flow to set up the DOL and define the biases for the week and the upcoming days.
$MMBM DXY 4HTop-down analysis: when evaluating the DXY monthly chart, we identify a bullish movement forming, targeting external liquidity. Based on this, in the lower timeframes, we are aligning our bullish flow to set up the DOL and define the biases for the week and the upcoming days.
$DXY MMBM DAILYTop-down analysis: when evaluating the DXY monthly chart, we identify a bullish movement forming, targeting external liquidity. Based on this, in the lower timeframes, we are aligning our bullish flow to set up the DOL and define the biases for the week and the upcoming days.
$DXY MMBM MONTHLYTop-down analysis: when evaluating the DXY monthly chart, we identify a bullish movement forming, targeting external liquidity. Based on this, in the lower timeframes, we are aligning our bullish flow to set up the DOL and define the biases for the week and the upcoming days.
I would like to tell friends that the dollar will fly in the skyI would like to tell friends that the dollar will fly in the sky in the penultimate wave.
DXY BullishI just to see a 15min market structure shift in that 4H.+OB. then looking to take it higher using a London session or NY Am session.
Risk Management is the key all the way...
