Unmasking DXY's Bullish Potential with Volume ProfileH ello, The unusually high market activity around the 100.5 level indicated strong bullish accumulation. The yellow ellipses highlight the volume and price levels. You can see that volume decreases both above and below this key level. This accumulation is evident because the price broke out of a bullish consolidation pattern, as shown in the left yellow circle, reaching a high of 103.9, indicated by the yellow line. This is the current level, where you may notice exceptionally high market activity. As the price remains above the green demand zone, the red supply zone may be tested, as suggested by the volume profile. Regards, ElyLongby Elysian_MindUpdated 2
Short U.S. Dollar Index (DXY)U.S. Dollar Index (DXY) Technical Overview: The U.S. Dollar Index is displaying multiple bearish patterns and indicators across the chart, suggesting the potential for a short-term downtrend: Support and Resistance Levels: Key Resistance: The index is currently near a resistance zone, with sellers likely to dominate below this level. Ichimoku Cloud Analysis: The price is trading below the Ichimoku cloud at 4-Hours, indicating bearish momentum. Broadening Pattern: A broadening pattern has been identified, reflecting increased volatility and expanding price ranges. The index appears to be trending toward the lower boundary of this pattern. Head and Shoulders (Incomplete): The head is clearly formed, with both shoulders developing symmetrically. A break below the neckline will serve as the trigger for further downside. Target Levels: Based on the confluence of these technical patterns and indicators, the DXY could reach the following support levels: TP1 : 105.388 TP2 : 105.731 TP3 : 104.700 Conclusion: The combination of support and resistance analysis, Ichimoku cloud signals, and bearish chart patterns (Broadening and Head and Shoulders) strengthens the case for a short position on the U.S. Dollar Index. Shortby FDamra1
DXY : something interestingThe chart above explains. My charts are straightforward. So there isn't much to talk about. But TV insist that I write something or else it would not publish. TV also offers me many 'trading tools' - of course, I have to pay. But the thing is that I have no use for such tools. So in the end, I use it for FREE Thank you TV.by i_am_siew1
Correction It is expected that the continuation of the downward trend will proceed according to the specified paths and advance to the specified support rangeShortby STPFOREX1
R.I.P 1971-2024 DXYInflation has risen once again people, you want rate cuts still (wont stop em anyway) ? how do you feel about the money supply the interest rates the inflation rates debt ceiling America global police role dollar dominance TRUMP ? STOCK MARKET CRASH its time what goes around comes around is all i can sayShortby Bekiumuzi_DubeUpdated 224
DXY IndexDXY Index Bearish Channel CHOCH Fibonacci Level 50 Break of Structure Completed Impulsive Wavesby ForexDetective2
DeGRAM | DXY has fallen below the retracement levelThe DXY is in an ascending channel between the trend lines. During the closing of the gap, the chart formed a new one and then sharply went down and closed the new gap. The price has already reached the resistance level, the upper trend line and the upper boundary of the channel and has now dropped below the 62% retracement level. The chart has broken the ascending structure. We expect a decline. ------------------- Share your opinion in the comments and support the idea with like. Thanks for your support!Shortby DeGRAM557
Dollar Index (#DXY): Classic Trend-Following MovementThe Dollar Index is currently trading in a strong bullish trend on a daily, moving steadily within a rising parallel channel. There has been a significant breakout above a key resistance level, following a test of the lower channel boundary. Given the long-term bullish trend, it is likely that the market will continue to rise. The next targets to watch for are at 108.20 and 109.00.Longby linofx15513
A quick high-low TF analysis of USDX.Next week:correction starts HTF to LTF high/low analysis of the dollar index the USDX. It was interesting to see the gold price rally as the USD$ continued to breakout this week, the dollar's prior weeks volume was massive but its petered during Friday (yesterday) after failing to close higher than the last known candle at this price level 108.33 on a day back in November 2022. Furthermore, the 108 level got rejected and the USDX fell back to close just under the 50% level of the daily candle which is still a bit bearish 107.47. See below my series of charts why I see the USD$ starting to recede next week, I would say commencing Monday. Now to the 4HR chart where the bears have already moved in commencing Friday (yesterday) Further bearish charting on the 30m 10M chart below, more bearish clues. 3M Chart. Is this getting boring? 1M TF a bears head n shoulders is for viewing & price has already retested and moving lower. and finally a 10sec chart for giggles. Shortby Easy_Explosive_TradingUpdated 115
DeGRAM | DXY overboughtDXY is above the trend lines and ascending channel. RSI indicator indicates overbought. The price broke the channel and sharply reached an important Fibbonacci extension level. We expect a correction. ------------------- Share your opinion in the comments and support the idea with like. Thanks for your support!Shortby DeGRAMUpdated 118
DXY "DOLLAR INDEX" Market Money Heist Plan on Bullish SideHii! My Dear Robbers / Money Makers & Losers, 🤑 💰 This is our master plan to Heist DXY "DOLLAR INDEX" Market Market based on Thief Trading style Technical Analysis.. kindly please follow the plan I have mentioned in the chart focus on Long entry. Our target is Red Zone that is High risk Dangerous level, market is overbought / Consolidation / Trend Reversal / Trap at the level Bearish Robbers / Traders gain the strength. Be safe and be careful and Be rich. Entry 📈 : Can be taken Anywhere, What I suggest you to Place Buy Limit Orders in 15mins Timeframe Recent / Nearest Low Point take entry in pullback. Stop Loss 🛑 : Recent Swing Low using 2H timeframe Attention for Scalpers : Focus to scalp only on Long side, If you've got a lot of money you can get out right away otherwise you can join with a swing trade robbers and continue the heist plan, Use Trailing SL to protect our money 💰. Warning : Fundamental Analysis news 📰 🗞️ comes against our robbery plan. our plan will be ruined smash the Stop Loss 🚫🚏. Don't Enter the market at the news update. Loot and escape on the target 🎯 Swing Traders Plz Book the partial sum of money and wait for next breakout of dynamic level / Order block, Once it is cleared we can continue our heist plan to next new target. 💖Support our Robbery plan we can easily make money & take money 💰💵 Follow, Like & Share with your friends and Lovers. Make our Robbery Team Very Strong Join Ur hands with US. Loot Everything in this market everyday make money easily with Thief Trading Style. Stay tuned with me and see you again with another Heist Plan..... 🫂Longby Thief_TraderUpdated 3
DXY down = Risk-on assets thriving such as Bitcoin and cryptoThe $DXY/#DOLLAR on the daily shows like the 10 YR yield a bearish divergence. Weaker dollar and USA yiels = good for risk-on assets like #Crypto and $BTC. Just a matter of time when #ALTSEASON comes.Shortby KennyCryptoNLUpdated 4
Will the Dollar Index Redefine Global Economic Equilibrium?In the intricate dance of international trade and geopolitical strategy, the Dollar Index emerges as a critical compass navigating the turbulent waters of economic uncertainty. The article illuminates how this financial barometer reflects the profound implications of proposed tariffs by the U.S. administration, revealing a complex interplay of currencies, trade relationships, and global market sentiments that extend far beyond mere numerical fluctuations. The proposed tariffs targeting key trading partners like Canada, Mexico, and China represent more than economic policy—they are strategic maneuvers with potential seismic shifts in global trade dynamics. As the Dollar Index climbs, reflecting the U.S. dollar's strength, it simultaneously exposes the delicate balance of international economic relationships. The potential consequences ripple through supply chains, consumer markets, and diplomatic corridors, challenging the post-World War II trade paradigm and forcing nations to recalibrate their economic strategies in real time. Beyond the immediate market reactions, these developments signal a broader philosophical question about economic sovereignty and interdependence. The tariff proposals challenge long-established multilateral agreements, potentially accelerating a transformation in how nations perceive economic collaboration. While the immediate impact is visible in currency fluctuations and market volatility, the long-term implications could reshape global economic architecture, prompting a reevaluation of the U.S. dollar's role as the predominant global reserve currency and testing the resilience of international trade networks.Longby signalmastermind2
DXY long moveDXY chart on the 2H timeframe shows the price trading towards a demand zone, indicating bearish pressure after the earlier upside movement. The pair is approaching a key horizontal support level, a significant area that has previously acted as both support and resistance. This level also aligns with the 88.0 Fibonacci Retracement, adding further confluence for potential price reactions. If the price breaks below this demand zone, it could signal a bearish continuation, as sellers may gain control. However, if the demand zone holds, there is potential for a bullish reversal, leading to a rebound toward the next supply zone.Longby OCBE-FX3
DXY - Correction in ProgressWe analysed DXY / Dollar few days back and it was highlighting a Bearish move. This move is in progress and so far we have a Correction Wave A & B completed. Correction Wave C might take dollar even lower depending on macro outlook i.e. ceasefire deal / Fed rate decision etc. Best approach is to go from level to level rather than aiming for a swing move as sentiments can switch anytime. For entries, please wait for at least two candle reversals 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. Shortby MarketsPOV1
DeGRAM | DXY index aims to close the gapDXY is near the lower boundary of the rising channel above the trend lines. After a pullback from the resistance level, the chart formed a gap, tested the trend line and returned to the ascending channel. At the moment the price is testing the 62% retracement level. We expect the growth to continue after consolidation above the correction level. ------------------- Share your opinion in the comments and support the idea with like. Thanks for your support!Longby DeGRAM5510
Dollar Index - Nearing the end of a correctionThe latest update is that we are trading in an A-B-C flat correction, and more precisely in the C-wave, which should develop in 5-waves as well. It appears that 3-waves have completed and we are now in the corrective 4th wave that should be followed by one last run higher that could target 108.95/109.50. If we are right, this should hopefully be the end of the Dollar’s bull run and lead to another wave of sellingby tchamoun1
DXY weekend forecast updateLooks like DXY is going for the external range liquidity into internal range liquidity moveShortby Paul_FRX1
DXY wants upBut first we retest that trendline. Giving us a brief window for risk on. Maybe even until Q1 2025. Hopefully. (I'm biased)by brainrotcapitalUpdated 110
DXY/USD to strong setupUS Dollar defends its ground as markets digest FOMC minutes In Tuesday's session, the US Dollar Index (DXY) which measures the value of the Greenback against a basket of currencies, fluctuated near 107.00 following the release of key economic data. In the meantime, markets digest President-elect Donald Trump’s threat to impose tariffs on three of its largest trading partners and look for clues in the Federal Open Market Committee (FOMC) Meeting Minutes from the Novemeber meeting.In Tuesday's session, the US Dollar Index (DXY) which measures the value of the Greenback against a basket of currencies, fluctuated near 107.00 following the release of key economic data. In the meantime, markets digest President-elect Donald Trump’s threat to impose tariffs on three of its largest trading partners and look for clues in the Federal Open Market Committee (FOMC) Meeting Minutes from the Novemeber meeting. The US Dollar Index has exhibited a bullish bias, driven by strong economic data and a less dovish Federal Reserve (Fed) stance. Despite recent pullbacks due to profit-taking and geopolitical uncertainty, the uptrend remains intact. Technical indicators suggest potential consolidation with overbought conditions easing. Shortby KingForex078Updated 1
USDX: Trend in 2H time frameThe color levels are very accurate levels of support and resistance in different time frames, and we have to wait for their reaction in these areas. So, Please pay special attention to the very accurate trend, colored levels, and you must know that SETUP is very sensitive. BEST, MT by MT_T2