SELL DXYWe are monitoring DXY for selling opportunity. We expect price to drop from this high of 104.400 to as low as 102.20 and even below 100 level within the next few days and weeks. Our stop is above 105 level. Use proper risk management.
USDX trade ideas
TOP DOWN ANALYSIS OF US DOLLAR - Watch n´Learn Hi everyone!
So If you were to look back at my previous education video on the DXY you would have seen that we have continued to go higher.
And right we are in the third zone without a pullback. What does it mean?
Well for me, it means its definitely time for a serious pullback, where I would make back all my sell losses.
This a little bit too manipulatory for me, and it does not make much sense, but gotta keep going and make that living.
Thanks for watching!
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.
Key Levels to Watch in the DXY: Preparing for Potential ReversalWaiting on a reaction a tad higher. TVC:DXY
Looking at the levels 103.5 > 102.2. From there, I'll see how it behaves.
If it moves above 103.6, I’ll cut the short, as 105.4 will come into play.
Just playing out two scenarios with the same premise: down before more up...
Analysis Dollar / DXYAs I mentioned in yesterday's analysis, the Dollar has a strong potential to continue its bullish movement on the weekly (W) chart to capture liquidity (LQY) in the upper zones. Also, let me remind you again that the Dollar is in consolidation on the weekly (W) chart.
Tomorrow, we have very strong news at the opening of the New York Stock Exchange, so I will most likely take the day off and wait to see what happens.
On the hourly (H) charts, we see strong bullish momentum, but we also see a lot of liquidity below. Therefore, I believe that tomorrow's news impact will push the price down and create a pullback for the price to collect buy orders.
DXY POTENTIAL SHORT|
✅DXY went up just as
We predicted but now
The index is about to hit
A horizontal resistance
Of 104.761 from where
We will be expecting
A local bearish correction
SHORT🔥
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DXY short term topexpect a short term correction on the dollar, playing the euro on the long side now is a high probability trade will be buying down to 1.074 and take profit when the dxy reach 103.5
DXY SELL OFF INBOUNDThe last twice DXY pushed through closed above and failed to stay above the downwards trend.
Dxy is now at the Downwards trend again.
Forecasting The same as the last two attempts with a major DXY sell off
Dollar Index Bullish to $109! (UPDATE)The Dollar has been pumping like crazy since last night. If you look at the right hand chart of the 8H TF, the DXY is up 400 PIPS today alone!
Our $109 target might come sooner than I expected if this bullish momentum carries on.
DXY: Local Correction Ahead! Sell!
Welcome to our daily DXY prediction!
We made our analysis today using SMC and ICT trading theories, which, combined with our trading experience all point to the downside. So we are locally bearish biased and the target for the short trade is 104.308
Wish you good luck in trading to you all!
BoC Rates Decision Pending22nd October
DXY: Currently at 104.30, expecting further upside, needs to break 104.45 to trade up to 104.80.
NZDUSD: Sell 0.6015 SL 20 TP 40
AUDUSD: Sell 0.6635 SL 20 TP 65
GBPUSD: Sell 1.2950 SL 40 TP 130 (Hesitation at 1.2880)
EURUSD: Sell 1.0760 SL 30 TP 80
USDJPY: Buy 152.70 SL 30 TP 130 (hesitation at 61.8% 153.30)
USDCHF: Buy 0.8710 SL 15 TP 40
USDCAD: Buy 1.3860 SL 20 TP 60 or (counter trend) Sell 1.3920 or 1.3820 (need to hear hawkish BoC)
Gold: Buy on retracement, or scalp up to 2760 and 2768
USD index at channel resistance Intraday Update: The DXY continues to grind higher into the ascending channel and beyond this resistance will put the levels from July in play near 104.80.
DXY Weekly In Relation To Bitcoin: MA200 & Price DynamicsHello my cherished reader, it is my pleasure to write and be of service to you again today.
We are going to be looking at the DXY long-term, weekly timeframe. We will consider how the action is happening in relation to MA200 and then reach some conclusions in relation to Bitcoin, are you ready? Good!
In June 2018 the DXY moves above MA200, the black line on the chart. It grows above MA200 but challenges this level continually as support. Eventually, after trying many times, MA200 fails as support in July 2020 and this produces the lowest levels in years. The DXY turned bearish for a long-term when it lost this major support line.
(#1) In November 2021 the DXY moves above MA200 (the same date when Bitcoin peaked). This break above MA200 opened the doors for massive bullish growth. There was a retest of this level in January 2022 and then the DXY entered full bullish mode.
(#2) Above MA200, the DXY reached a new All-Time High. This All-Time High was hit in September 2022, close to when Bitcoin hit its bear-market bottom.
After hitting a new ATH the DXY went bearish; the start of a corrective phase.
And we would wonder, how low will it go?
(#3) The DXY finds support exactly at the MA200 line and turns bullish. It produced one full green candle and then closed green again.
➖ The DXY in relation to Bitcoin: Comparing Price Action
After the DXY hit a new All-Time High, it was trading high up, MA200 was the main level that needed to be tested for the correction to find support. This same scenario can be considered for Bitcoin.
Bitcoin moved above MA200 weekly in October 2023 and turned hyper-bullish. After reaching a new All-Time High a new corrective phase developed and is now underway. Coming from this new high, Bitcoin is set to test MA200 as support, just as the DXY did.
(Bitcoin's weekly MA200 line now reads $39,960, but prices can go lower.)
When the DXY goes bullish, Bitcoin turns bearish.
When Bitcoin turns bearish, the DXY goes bullish.
The short-term charts, hourly and daily, can be misleading, they can easily confuse. Focus on the long-term and you can easily find the truth.
The DXY is bullish after years of going down, it is preparing to go up.
Bitcoin is about to end a major correction, coming from a new All-Time High, it is set to test MA200 as support. This can be seen on the weekly chart.
There you have it, the DXY in relation to Bitcoin.
Thanks a lot for your continued support.
Namaste.
DeGRAM | DXY tends to growDXY is moving in a descending channel.
The chart has broken the descending structure, the price has entered the channel and is now above the correction level.
We expect the growth to continue.
-------------------
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Dollar Index (DXY): Important Support & Resistance Levels
As the bull run continue on Dollar Index,
here are the significant resistance zones to pay attention to.
Resistance 1: 104.45 - 105.12 area
Resistance 2: 106.05 - 106.14 area
Resistance 3: 106.37 - 106.52 area
Support 1: 101.65 - 101.92 area
Support 2: 100.14 - 100.56 area
Consider these structures for pullback/breakout trading.
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Possibility of correction It is expected that the current upward trend will end within the range of the specified resistance levels and we will see the beginning of the corrective trend. If the index stabilizes above 100%, the above scenario will be invalid
what structures are saying for the dollarplease Traders speak your mind and tell me how you see it.
As a wave trader what the structure is showing me is that it has a full 5 wave corrective upwards and even there are signs of change of trend and clear 1-2 waves which I expect to be 5 wave structure before bigger correction, and for example are the ghosts candle patterns which are copies of the white line structures. It doesn't necessarily need to look alike but clearly change in trends are on the way. And as this is weekly chart so this might take time.
Dollar / DXY AnalysisOn the weekly chart, we can see that the Dollar is aiming to capture liquidity in the zones above. We also see that the Dollar is in consolidation on the weekly chart.
On the daily chart, the Dollar is strongly bullish, which indicates to me that it will continue its bullish movement. What happened today is a pullback, which I mentioned in yesterday's analysis, followed by a continuation of the bullish trend.
Tomorrow, we have news throughout the day that will affect the Dollar, so I will most likely take a break and observe what the price does during the day. We also have news for the EUR, which is not of great importance, and GBP news that may push the price in a certain direction.
On the hourly charts, the Dollar continues with its bullish structure.
WHY I THINK DOLLARS ARE IN DEMAND...ITS GOOD BUSINESS.The Case for Dollar Strength Amid Margin Compression
The relationship between U.S. Treasury yields and the U.S. Dollar Index (DXY) continues to draw attention, particularly as we observe a divergence between 10-year yields and the DXY. With the 10-year yields showing signs of a sell-off, the dollar has managed to surge, reflecting broader market sentiment favoring the dollar as a safe haven.
Margin Compression and Its Implications
Margin compression refers to the reduction of profit margins, often due to rising costs or increased competition. In the context of financial markets, when profit margins tighten, investors tend to seek safe assets to protect their capital. The behavior signals caution, leading to a flight towards more stable currencies like the U.S. dollar.
The observed margin compression across various sectors could indicate heightened demand for dollar-denominated assets. This trend is consistent with the movement in the DXY, which has seen a sharp uptick, possibly fueled by global investors buying into the dollar to hedge against market volatility and declining yields.
10-Year Yield Dynamics and Dollar Demand
The graphical comparison of the 10-year U.S. Treasury yields against the DXY reveals an interesting narrative. As yields show signs of a sell-off, typically indicating lower confidence in growth or inflation outlooks, the dollar has strengthened. This inverse relationship can be attributed to investors shifting capital into the U.S. dollar as a safety net amid broader economic concerns. Essentially, when there is less faith in long-term yields, the appeal of holding dollars rises.
What This Means for Future Dollar Movements
Given the current landscape, where margin compression is forcing businesses and investors to tighten their strategies, there is a potential for continued buying pressure on the dollar. The DXY's consistent rise suggests that the dollar could maintain its upward trajectory, especially if the U.S. economy continues to outperform its global peers or if there is increased economic uncertainty worldwide.
In conclusion, margin compression, often underappreciated, is proving to be a critical indicator of where capital flows are heading. As long as investors remain cautious and seek stability, the dollar is likely to remain strong. Keep an eye on these dynamics, as they could play a significant role in guiding trading strategies in the weeks to come.
DXY BULLISH BREAKOUT|LONG|
✅DXY is trading in an uptrend
And the pair broke the key
Horizontal level of 103.800
Which is a support now
And as the breakout is
Confirmed we will be
Expecting a further
Bullish move up
LONG🚀
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Update on DXY sell stop order, move it!Hi everyone!
Please move the sell stop higher, the original price did not trigger.
Daily Chart Analysis of the DXY Dollar Index
The DXY (Dollar Index) is currently approaching a significant supply and resistance zone in the range of 104.00 to 104.50. This level has historically acted as a barrier to further price increases, and we expect a potential rise in supply (selling pressure) around this area, which could temporarily halt the upward momentum in the short term.
Key Levels:
Resistance Zone: 104.00 - 104.50
Potential Target: If a breakout occurs, the next medium-term target may be above this range.
Current Strategy: Short positions can be considered around 104.00 to 104.50, but patience is advised to observe the exhaustion of buying power at this resistance level.
Key Considerations:
Supply Increase Expected:
The resistance level at 104.00 to 104.50 is likely to attract sellers, potentially capping the price in the short term.
The market will need strong buyer momentum to overcome this supply zone.
Watch for Exhaustion of Buyers:
Look for signs of buyer fatigue, such as weaker upward moves, before entering a sell position. This could signal the ideal time to act within this range.
Potential Breakout:
In the event of a strong breakout above 104.50, the upward trend may continue in the medium term, suggesting that selling pressure has been absorbed.
In such a case, waiting for confirmation of sustained price action beyond 104.50 would be essential before considering a reversal of strategy.
Risk Management:
Implement tight stop-loss orders in case the price surges past the 104.50 resistance, invalidating the short-selling scenario.
Conclusion:
At this stage, the 104.00 to 104.50 level represents a critical resistance zone for the DXY. While selling at this range could be profitable in the short term, it's important to wait for clear signs of weakening buyer strength. However, a strong breakout could shift the market's direction towards further price gains in the medium term.
