USDX trade ideas
DXY INTREST RATE HIGH ATRACTING MORE BUYERS AT IT IS IN DEMAND The U.S. Dollar Index (DXY) measures the strength of the U.S. dollar against a basket of major foreign currencies, including the euro, yen, and pound. it looks stronger as it has printed two monthly bullish candles which indicates that there is demand of the DXY as it had a high interest rate from the Central Banks. Technically we are looking for more buys.
Tuesday DXY update for week of 11/17What a quarter for DXY. "bullish dxy" overall until otherwise. Last week we had an expansive bullish weekly candle. I am anticipating possibly an inside weekly candle. I'm keeping my eye on the liquidity near by being previous weekly high and 50% of previous weekly candle. As of Tuesday i see a nice array in discount of the daily range.
#dxy #elliottwave short sell setup wave c 18Nov24This count is based on my assumptions so anything can happen not a trading or financial advice just for educational purposes only kindly do your own ta thanks trade with care good luck.
DXY. When to Expect a Weak Dollar?Hello traders and investors!
At the end of September and the beginning of October, I analyzed AUDUSD and EURUSD, where the technical picture predicted a decline in these currencies against the dollar. You can find these posts in related ideas. There were discussions with colleagues about how many countries' economies need a weaker dollar. I wouldn’t mind profiting from a dollar decline either, but a month and a half ago, there were no signs of a DXY drop. Let's take a look at what the chart suggests and when this might happen.
Weekly Timeframe
A sideways range formed on the weekly chart in March 2023 (point 4 was established). The lower boundary is 99.099, and the upper boundary is 106.952. The buyer's vector 11-12 has reached its obligatory target — the price level of point 10 within the range (106.169). This means we can start watching for seller activity on the weekly timeframe. If the sellers show up, the seller's vector 12-13 becomes relevant, with potential targets of 99.807 and 99.099.
Note that the key bar (with the highest volume) of the buyer’s vector 11-12 is the bar from November 4.
Daily Timeframe
There’s a long trend on the daily chart. The last buyer's impulse ranges from 103.86 to 106.734. The key bar of the impulse (highest volume) is the bar from November 14.
Hourly Timeframe
On the hourly chart, a sideways range has formed. The lower boundary is 106.037, and the upper boundary is 106.734. The current buyer's vector 8-9 has potential targets of 106.681 and 106.734. From there, it's not far to 106.952 (the upper boundary of the weekly range).
Summary
The price has approached levels on the weekly TF where a reversal may begin. For now, there are no signs of a reversal on the weekly and daily TF. We need to see signs of seller activity on the weekly chart to look for short positions with the goal of realizing the seller's vector 12-13 in the weekly range.
You can look for long or short positions on the hourly chart by trading within the range from boundary to boundary (if the boundary holds).
Until the DXY reverses, looking for long positions in other currencies against the dollar is risky.
Good luck with your trading and investments!
US INDEX (DXY) To 99 in 2025hello friends
DXY has reached or a strong daily resistance zone and creating a double TOP and rejection 2 test on trend line gold markets are show u why its dropping technically there is many other things showing weakness in $ from there are Fundamentally also something not going good for $ so we don't miss type of historical moves share Ur thoughts with us
Stay tuned
#DXY 1W#DXY 1W;
The Dollar, which has managed to gradually accumulate until today with the falling trend resistance in October 2022, is preparing to move upwards again.
Aside from the fact that it has tested the FVG area 2 times, we will soon find out if it will be successful in its 3rd attempt.
It would not be a surprise to see a rise up to 108-109 levels. If it exceeds these levels, the falling trend (red) above may act as resistance again.
Trump Trade Thoughts - USD at Range ResistanceWhere do I start?
Irrespective of your opinions regarding Donald Trump, his recent election win and resounding defeat for the Democrats will unquestionably go down in history. Not only did the Republicans bag a clean sweep of all seven swing states, they secured a majority in Congress – winning both the House of Representatives and the Senate. In political parlance, this is a ‘trifecta’.
While Trump is busy allocating Cabinet and Administrative positions, what does this mean for traders?
Two words: ‘Trump Trade’
US stock markets outperformed in the lead-up to and following the election results, and key indices recently ventured to record highs. Impressively, the S&P 500 and the Nasdaq 100 are up 25% year to date. The post-election rally has benefited several stocks, but one stands out: Tesla (TSLA), which surpassed US$1 trillion in market value and is up 25% year to date. Additionally, Trump appointed Elon Musk and former Republican presidential candidate Vivek Ramaswamy to head up the newly created Department of Government Efficiency.
The US dollar (USD) and US Treasury yields have also been doing well pre- and post-election, with the former up 5% year to date. Despite the spirited advance, the Research Team did a superb job of highlighting a potential technical headwind in the shape of long-term range resistance around the 107.19 region on the US Dollar Index. While many factors govern the USD’s trend, this resistance marks a critical juncture for the greenback and could prompt profit-taking. However, most traders will likely look for a breakout to the upside here, effectively opening the door for breakout plays: a continuation of current momentum with limited nearby resistance seen overhead.
It would also be remiss of me not to reference Bitcoin (BTC) touching record highs just south of US$95k versus the USD; while I did not think we’d see US$100k quite so soon, this milestone may be reached before the year-end. This perspective is primarily influenced by the incoming Administration's anticipated ‘crypto-friendly’ approach, which is expected to provide regulatory clarity and flexibility. Although previously sceptical of the cryptocurrency market, one of Trump’s pledges involves making the US, and I quote, ‘the crypto capital of the planet’. Coupled with his campaign receiving donations in Digital Currencies and the recent launch of World Liberty Financial, a family business that is designed as a decentralised finance (DeFi) platform where users can invest in Cryptocurrencies, this marks quite a U-turn from his first term as president.
The US Federal Reserve continues to claim some of the limelight. A cooling labour market, resilient growth and robust spending underscore the possibility of another 25 basis point rate cut in December, aligning with market pricing (currently assigning an 80% probability of a cut). However, while further easing could be seen next month, with the Trump era just around the corner and inflation remaining sticky, 2025 is shaping up to be a different story.
For now, though, the Trump Trade is alive and kicking. This suggests that investors will keep a close eye on US stock markets, the USD, Treasury yields, and Crypto assets.
Prepared and written by FP Markets Market Analyst Aaron Hill
DXY reached the critical resistance zone. H4 15.11.2024 DXY reached the critical resistance zone 📉
Honestly, I didn't think they would push the dollar index to the final zone near 107
without a pullback, but they still did. Now they gave a clear reaction downwards
and it is very possible that the correction has started. Of course, we cannot deny
the possibility of retesting the highs and then continuing the fall, but in general,
the first signs of reversal and culmination have already appeared. It is very desirable
to close the week below 106.30 and then the idea of a false
breakdown of the 2-year highs will be confirmed.
TVC:DXY
$DXY- thougtsretest or deviate back
insane strength from the dollar this was my last line before we go for 109.288 which is the trend line of the multi year pennant
still recon this deviates back down
Silver doing a sweep hopefully of $30 would like to see this nuke and that reverse soon .
DXY - Further Upside Expected
Dollar remains strong and supported by the Fib levels and Trendline. Despite promising news and expected FED rate cuts, it still remains Bullish due to Trump coming in power and end of year profit taking.
For entries, please wait for at least two candle reversals on 5/15M at the specified level and apply appropriate risk management.
If you found this analysis helpful, please consider boosting and following for more updates.
Disclaimer: This content is for educational purposes only and should not be considered financial advice.
Levels discussed during livestream 12th November12th November
DXY: Could consolidate/retrace slightly, but for continuation higher to 106.10, beyond that, could retest resistance of 106.45
NZDUSD: Sell 0.5950 SL 20 TP 40
AUDUSD: Sell 0.65 SL 25 TP 100
GBPUSD: Sell 1.2785 SL 30 TP 100
EURUSD: Sell 1.0590 SL 40 TP 140
USDJPY: Buy 154.90 SL 35 TP 110
USDCHF: Buy 0.8845 SL 30 TP 75
USDCAD: Buy 1.40 SL 40 TP 140
Gold: Breaking 2600, below 2585 could trade down to 2570 and 2550
DXY Short: Completion of Corrective StructureFrom the chart, you can see that I've closed the corrective wave structure W-X-Y-X-Z within 2 trendlines. Now that we are at the top trendline, it is time for turning point.
DXY Update and Levelsafter good impulse move to the upside there is certainty of price going into pullback mode
because
. price recently broken the trend line which was from weekly side so the next liquidity zone is supply from monthly which is 1% away and on other hand price can try to retest the fvg which nearby 0.5% below the current price (105.998) or the round figure 105 can act as support
my take - before going to 107 zone price should retrace and get some liquidity from fvg
Will the Dollar Retrace After Retail Sales Data?Macro theme:
- The dollar hovered near a one-year high ahead of today’s Oct Retail Sales report. Markets expect a 0.3% MoM increase, down from Sep's 0.4%.
- Fed Chair Jerome Powell indicated no urgency to lower rates, citing steady economic growth, a strong job market, and persistent inflation.
- According to the CME FedWatch tool, expectations for a 0.25% rate cut next month have dropped to 62.4% from 82.5% a day ago.
Technical theme:
- The market tests the one-year high area around 107.00, confluence with the 78.6% Fibonacci Extension. The index is stretched to the upside and above both EMAs, indicating a potential mean reversion.
- If DXY cannot remain above 106.35, the index may retrace further to retest 105.43.
- On the contrary, if DXY extends its gain above 107.00, the index may retest 107.78, confluence with the 100% Fibonacci Extension.
Analysis by: Dat Tong, Senior Financial Markets Strategist at Exness
DXY-Continue Uptrend Dear Traders,
DXY Continue upward Movement in Ascending Channel, and i expect after Small Correction ,we will See New Impulse Trend To 106 Area,
Dont Forget Like&Comment please !
Regards,
Alireza!
Is the Trump Trade Fading? The sugar high from Trump’s victory may be wearing off in a few areas.
Tesla, once a post-election favorite after Elon Musk’s support of Trump’s campaign, has now reversed direction. Reports suggest that Republicans will end the $7,500 EV tax credit—a move that’s sent Rivian tumbling 9%, while Tesla is down nearly 4%.
Shares of Trump Media & Technology slid 8% today. But being a meme stock, analysis here won't tell us much. In a notable signal, the CFO and two other insiders sold over $16 million of stock in the week following the election.
Yet, the U.S. dollar remains resilient, possibly buoyed by the Cabinet picks coming out of the Trump administration. Marco Rubio’s nomination as Secretary of State suggests a tough stance on China. Known for his anti-communist positions and support for Hong Kong’s democracy movement, Rubio has advocated for tighter export controls on U.S. technology and visa sanctions against Chinese officials, hinting at a policy that may go well beyond tariffs.
USDX,DXYUSDX price is near the important support zone 100.68 - 99.89. If the price cannot break through the 99.89 level, it is expected that the price will rebound. Consider buying the red zone.
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Please consider carefully whether such trading is suitable for you.
>>GooD Luck 😊
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DXY_INDEX_1D&1Whello
Analysis of the US dollar index
Mid-term and long-term time frame
Elliott wave analysis style
The index in wave C is an upward correction. Wave C consists of 5 ascending waves. We are currently at the end of wave 5, and the resistance of this wave can be considered as the range of 107.180 and 108.960.
DXY, Is correction on the way ?Hello Traders, Hope you are doing great.
for upcoming days and for a short period of time, we'll probably see a downward correction to Specified level in TVC:DXY , we also have a Divergence on 4H that confirms our theory.
so with a proper trigger we can open a short position. We will also probably find better buy positions in FX:GBPUSD And FX:AUDUSD than the FX:EURUSD .
Trade safe and have a great weekend.
And finally tell me what do you think ? UP or DOWN ? leave your comment below this post.
If this post was helpful to you, please like it and share it with your friend.
THANKS.
DXY Upsides: Bullish Rebound At Key Support ZoneHey Traders, in today's trading session we are monitoring DXY for a buying opportunity around 105.700 zone, DXY is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 105.700 support and resistance area.
Trade safe, Joe.
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
DXY showing signs of 1HR TopDXY currently forming bear divergence on daily time frame and on the 1HR time frame just set a lower high with a prior lower low. Price is still extended up very high and with some consolidation this could still push up however with the rising wedge formation on the 1 HR time fram we will need to break the formation sooner or later and with the current price action It would appear the liklihood is higher for a correction (Pull back) than it would be for continuation over the coming weeks. US economic news has been in line mostkt with expecations with no major surprises.
The biggest concern when playing against the USD right now is the reduced liklihood of a rate cut in the near future.
Keep in mind when looking at the DXY daily we are at key resistance levels right now. I would watch for breaks above the current high very closely as we still could look for a push to or above the 2022 High around $114.75.
