Get started
UUU

US Dollar Index

No trades
See on Supercharts
Overview News
Ideas
Discussions Seasonals

USDX trade ideas

Trump Reclaims US Presidency6th November President Trump!!! DXY: Further strength expected to 105.45, could retrace briefly, needs to stay above 104.80. (beyond 105.45 could reach 106) NZDUSD: Sell 0.5935 SL 20 TP 75 (hesitation at 0.5895) AUDUSD: Sell 0.6560 SL 25 TP 80 GBPUSD: Sell 1.2810 SL 30 TP 60 EURUSD: Sell 1.0765 SL 25 TP 90 USDJPY: Buy 154.40 SL 45 TP 90 USDCHF: Buy 0.8710 SL 20 TP 40 USDCAD: Sell 1.39 SL 30 TP 70 Gold: Looking for reaction at 2733, beyond that could trade up to 2760
TVC:DXY
by JinDao_Tai
Elliott Wave View Looking for Dollar Index (DXY) to Rollover to Short Term Elliott Wave View on Dollar Index (DXY) suggests that rally to 104.63 ended wave ((4)). This completed cycle from 9.27.2024 low and the Index should either resume lower in wave ((5)) or pullback in 3 waves at least. The Index has started to turn lower and we are calling the move lower from wave ((4)) high as a diagonal 5 waves. Down from wave ((4)), wave (i) ended at 103.98 and wave (ii) ended at 104.43. Wave (iii) lower ended at 103.82, wave (iv) ended at 104.19, and wave (v) lower ended at 103.68. This completed wave ((i)) in higher degree. Rally in wave ((ii)) ended at 104.35. Index resumed lower in wave ((iii)) towards 103.63 and wave ((iv)) ended at 103.83. Final leg wave ((v)) ended at 103.57 which completed wave 1 in higher degree. Wave 2 rally is in progress with internal subdivision as a zigzag Elliott Wave structure. Up from wave 1, wave ((a)) is expected to end soon, then it should pullback in wave ((b)), before the Index rallies higher again in wave ((c)). This will complete wave 2 in higher degree before the Index resumes lower. As far as pivot at 104.63 high stays intact, expect rally to fail in 3, 7, or 11 swing for further downside.
D
by Elliottwave-Forecast
1
DreamAnalysis | Trump’s 2024 Comeback Shakes Markets📈 US Elections and Markets: Bitcoin Hits Record $75,000 amid Trump’s Comeback 🌎 Global Market Impact from the US Presidential Election With ballots still being counted, the financial world is buzzing with anticipation over Donald Trump’s possible return to the White House. This election has set off movements in stocks, the US dollar, forex pairs, and cryptocurrencies, affecting global markets even before an official result is announced. 🚀 Bitcoin Surges to All-Time High Bitcoin spiked to an unprecedented $75,000 as market confidence grows around Trump’s chances. With Trump’s support for crypto-friendly policies, this is seen as a bullish indicator in the digital assets space. 💬 Elon Musk Comments on Trump’s Lead Elon Musk, who publicly backed Trump, expressed that Trump’s comeback signals a “clear mandate for change” in the US. The statement has fueled excitement in both the stock and crypto markets, further boosting sentiment around Trump trades. 💸 Forex Markets React: USD Strengthens, Euro Declines 📉 The US dollar surged, with the Euro becoming the day’s weakest currency as it dropped 1.6% to hit a five-month low of 1.07 against the USD. According to Nikos Tzabouras from Tradu, “Lower taxes and deregulation could energize corporate profits and economic activity.” - 💔 Mexican Peso Decline: The peso, one of the currencies most affected by Trump’s policies, saw a 0.5-point drop against the dollar. This reaction is reminiscent of its movements following Trump’s 2016 victory. 🇯🇵 Japanese Stocks Rally While Hong Kong Dips - Nikkei 225 Gains: Japanese stocks soared by 1.5% as early results pointed to a Trump win. Charu Chanana from Saxo Markets noted that any likelihood of a Democratic sweep could impact equity markets but seems increasingly unlikely. - Hong Kong Hang Seng Falls: The Hang Seng index started its day with losses, signaling regional volatility amid election uncertainties. 📊 Equity Markets Rise in the US Both the S&P 500 and Nasdaq climbed over 1% on election day, showing investor optimism. However, volatility is anticipated to remain high as the final results approach, with investors keeping an eye on Trump’s confirmed leads in key states like Florida and Georgia. 🔗 Bond Market & Volatility Indicators - Bond Volatility Eases: Despite gains in stocks, the BOA Move index reflects sustained bond volatility, though the VIX (stock volatility) fell slightly from 22 to 20. - Stable Bond Markets: Investors expect bond markets to settle once results are finalized, though high levels suggest some caution. 💥 Crypto Market: Bitcoin Hits New High as Trump Backs Digital Assets Bitcoin’s rise highlights Trump’s support for crypto policies and his “Bitcoin President” stance. While Kamala Harris’s approach to crypto remains uncertain, Trump’s endorsement has boosted the sector, giving confidence to the market and key players. 🔍 Key Takeaways: Market Sentiment Driven by US Election Results The markets are showing clear signs of investor positioning as Trump’s lead becomes apparent: - US Dollar Up: Any lead for Trump boosts the dollar, with high volatility expected to persist until results solidify. - Cryptocurrency Surge: Bitcoin's 5% increase signals strong bullish sentiment. - Forex Weakness: Major currencies, particularly the Euro and Mexican Peso, have declined against the USD. 👁‍🗨 Keep an Eye on: Key Influences and Volatility With ongoing election results, financial markets, crypto, and forex are likely to fluctuate: - Short-term Forex Movements: USD expected to be volatile. - Crypto Optimism: Bitcoin and other digital assets may continue to climb. - US-China Relations: Possible tariff adjustments with Trump’s agenda in mind.
TVC:DXY
by DreamAnalysis
US Presidential Election Forex Analysis5th November US Presidential Election DXY: Could retest 103.50 area, and rebound up to cover gap and up to 104.30 (if price breaks 103.40 could trade down to 102.90) NZDUSD: Sell 0.6040 SL 20 TP 80 AUDUSD: Sell 0.6635 SL 20 TP 60 (trend following) Counter trend opp: Buy 0.6670 SL 30 TP 90 GBPUSD: Sell 1.2980 SL 40 TP 130 EURUSD: Buy 1.0930 SL 30 TP 70 USDJPY: Ranging between 151.70 and 153.40, looking for breakout potential following major news USDCHF: Buy 0.8650 SL 20 TP 55 USDCAD: Sell 1.3870 SL 20 TP 50 Gold: Needs to break 2730 to trade down to 2710 and then possible rebound
TVC:DXY
by JinDao_Tai
DXY Under Pressure: Analyzing Economic Signals Ahead U.S. Elect.The U.S. Dollar Index (DXY) is currently showing intriguing movements as it deals with a mix of economic data and looming political changes. After a Friday marked by disappointing economic indicators—such as the ISM Manufacturing PMI and the Non-Farm Employment Change—the DXY appears to be entering a potential reversal phase. This was further reflected in its negative opening on Monday, which had a noticeable impact on trading in London. Economic Backdrop and Market Sentiment The DXY's recent performance has been influenced by a combination of economic releases and trader sentiment. The mixed results from significant economic indicators have created a sense of cautious uncertainty among investors. The less-than-ideal ISM Manufacturing PMI and Non-Farm Employment Change figures have raised concerns about the strength of the U.S. economy, prompting traders to reassess their positions. As market participants analyze these economic signals, it’s evident that the DXY is acting in response to established price levels and supply zones. Recent price actions suggest a critical juncture; the dollar seems to be encountering resistance as it approaches these key areas. Insights from the COT Report A deeper look at the market dynamics through the latest Commitment of Traders (COT) report reveals a noteworthy divergence. Retail traders continue to maintain long positions, likely influenced by previous bullish sentiment surrounding the dollar. Meanwhile, institutional investors, often referred to as the "smart money," are taking a more bearish stance, gradually shifting their positions lower. This unsettling divergence raises important questions: Will the enthusiasm of retail traders sway the market, or will the more cautious strategies of institutional investors prevail? This situation highlights the potential for volatility that characterizes these transitional phases in the market. Retail traders may find themselves at risk if the smart money's strategies prove to be more prescient. Seasonal Trends Indicate a Bearish Outlook Adding another layer of complexity, seasonal patterns historically suggest that a bearish trend may be on the horizon during this time of year. Price movements often align with established seasonal patterns, prompting traders to consider the implications for future market performance. The Impending U.S. Elections: A Prelude to Volatility With U.S. elections fast approaching, market volatility is expected to rise significantly. History shows that political events can greatly influence currency and asset prices, leading traders to adjust their positions in anticipation of results. This environment is likely to see retracements across various indices and currencies, creating turmoil across the financial landscape. As market participants prepare for the immediate aftermath of the elections, substantial fluctuations are anticipated. The uncertainty surrounding the potential outcomes and the resulting policy shifts will drive considerable movement across asset classes. Conclusion The DXY’s trajectory is complex as it navigates a potential reversal amidst mixed economic signals, diverging trader positions, and impending political changes. With the elections on the horizon, traders should brace for increased volatility and be ready to adapt to rapid shifts in momentum. Staying informed about economic indicators, seasonal trends, and overall market sentiment will be crucial for navigating this challenging landscape. Ultimately, success in these uncertain times will hinge on understanding market psychology while remaining agile in response to both data releases and geopolitical developments. Initial Idea: ✅ Please share your thoughts about DXY in the comments section below and HIT LIKE if you appreciate my analysis. Don't forget to FOLLOW ME; you will help us a lot with this small contribution.
TVC:DXYShort
by FOREXN1
1
Analysis Dollar / DXY Hello everyone, I haven't been active the whole week. I'm sharing my analysis for the upcoming week. The dollar's bullish momentum was purely market manipulation. What I see is a significant amount of liquidity below that the price wants to collect before continuing with its bullish movement. On the weekly (W) chart, the price is still in consolidation, which could last for a while longer. The daily (D) chart has been in a downtrend so far, but there was a BOS (Break of Market Structure). For this reason, I believe the dollar will be bearish next week.
TVC:DXY
by andricstrahinja95