DXY Idea DXY is currently at a D1 Resistance Level, This Level has been Tested Twice and Held Also a 38% Fib Retracement CME Feb Watch has 96% of Investors expect A rate Cut in Sep. We are More likely to Break Below and Continue towards 104DShortby pontsoronny0
DXY on the Brink! Key Levels and Patterns You Can't Miss Trading Idea Breakdown for USD Index (DXY) Chart Overview: Time Frame: 4-hour and 1-hour charts Instrument: U.S. Dollar Index (DXY) Key Levels and Zones: Daily High: Level: 112.304 Significance: Significant resistance level from previous price action peaks. Weekly LQZ (Liquidity Zone): Level: 108.007 Significance: Key zone where price has shown notable liquidity and potential for major reversals or continuations. Daily LQZ: Level: 106.524 Significance: Important daily liquidity zone that influences short to medium-term price action. 4-hour LQZ: Level: 103.894 Significance: Critical level for intraday trading, often indicating significant support or resistance. Daily LQZ (Lower Zone): Level: 101.908 Significance: Lower daily liquidity zone that could act as a strong support if the price dips. Missed LQZ: Level: 100.552 Significance: A previous liquidity zone that was not retested, potentially a strong support area. Missed LQZ (Lower Zone): Level: 99.561 Significance: Another potential support level if the price continues to decline. Technical Patterns: Descending Triangle: Visible on the 4-hour chart, the descending triangle pattern indicates a potential bearish continuation if the price breaks below the lower trendline. Ascending Triangle: Observed in the price action within the upward sloping trendlines, suggesting potential bullish movement if the price breaks above the upper boundary. Flag Pattern: Noted in both the charts, flag patterns typically indicate a consolidation phase before a continuation of the prevailing trend. Price Action Insights: Current Price: 104.084 (at the time of the screenshot) The price is hovering near the 4-hour LQZ, indicating a critical decision point for either a bounce or a further decline. Potential Scenarios: Bullish Scenario: If the price holds the 4-hour LQZ and breaks above the recent consolidation, we could see a move towards the daily LQZ at 106.524 and potentially higher towards the weekly LQZ at 108.007. Bearish Scenario: If the price fails to hold the 4-hour LQZ and breaks below, we might see a decline towards the daily LQZ at 101.908 and possibly further towards the missed LQZ at 100.552. Market Sentiment: The charts suggest a balanced sentiment with key liquidity zones serving as potential pivot points for future price action. Traders should watch these levels closely for signs of strength or weakness to determine the next significant move.by Adlercon3336
DOLLAR Dominance on pressureDollar will be weaken im the coming years due to Higher Inflation Decrease in cebtral bank Interest rate. BTC and assest with scarcity will rise. Shortby DrRRRKopp1
SHORT TERM OUTLOOK FOR DXY Continuation of falling DXY on H4 to nearest demand level 104.00 monthly chart suggest fall to 100.00 or so. fundamental effects are reflected in price. No intention to predict, assume... Shortby ruma29Updated 2
DXY on the Rise104.000 is a good resistence zone for DXY, in coming days it will recover from the fall of last days! Longby Voldernicus9
USD Index (DXY)By mid 2025 this junk of a currency will hit 93 on DXY index.Shortby ankhramsiswmriimn3
DXY Breaking down. This is bullish for stocks and crypto.TVC:DXY Breaking down. This is bullish for stocks and crypto. Also Weaker-Than-Expected CPI Report Triggers a Massive Market Rotation. High-risk assets will get repriced to the upside the most. Applies to crypto, too. We may finally have a real bull marketLongby WSSIGNALS3
DXY Minute: Sill Displaying Bullish CharacteristicsDXY spot (and DXY futures) is displaying an interesting combination of Bullish Divergences on its strength oscillator (MACD) relative to price. In the spot market, these are very subtle and are best viewed on the 3 hour chart, in my opinion. While DXY has not traded lower than its last low, when it found a lower low on more strength, it has traded lower than its 2nd preceding low, but on more strength relative to that data point. At the same time, it has maintained a higher low than its immediately preceding low, but on less strength. SO, the low we are working off of, currently, struck in early June, still stands as a bullish bottom. These additional data points are interesting, because they add up to a trifecta, if you will, of bullish sentiment that cannot seem to be broken, at least not yet. I have long held, at least since March/April of this year, that DXY is motivated to retest its last high and will eventually find its way. First, the pure impulse failed, then I looked at some Diagonal Patterns, and now I have further altered the diagonal pattern to the current price action. Still, as far as motivation to the upside, nothing is broken, although certainly bruised. However, while there are plenty of traders trying to explain price with triangles, diamonds, circles, and squares, I stand by my prediction that DXY will eventually reach above 108, and higher, to complete this cycle b wave.Longby CuzDelux119
DXY LONGThough nothing confirmed yet, the dollar index is showing signs that it could have a push to the upside before coming back down crushing once more. myself I'm interested in dxy long at least for next week then it might be followed by a sharp break to the downside. Remember this is just my view, i am not a financial advisor. good luckLongby Xavier2546
Dollar Slides on Improved Fed Rate Cut ProspectsThe dollar index DXY Friday fell by -0.33% and posted a 5-week low. Friday’s rally in the S&P 500 to a new all-time high curbed liquidity demand for the dollar. The dollar was also undercut after the University of Michigan’s US consumer sentiment index unexpectedly fell to an 8-month low, which improves the prospects for Fed rate cuts. The dollar has carryover pressure from Thursday’s weaker-than-expected US CPI report, which boosted the chances for a Fed rate cut at the September FOMC meeting. A supportive factor for the dollar was Friday’s stronger-than-expected US PPI report, a hawkish factor for Fed policy.Shortby FXBANkthe80550
DXY OUTLOOK price traded in the low and took out the buyside liquidity. we have to see how the next 4 hour candle close to expect the direction or the move .Longby ICT_spartan1
Dollar Index - Absolute Capitulation!Aiming for 104.773. This will also aid GBPUSD and EURUSD in the rally to premium arrays. Something to note.Short16:32by LegendSinceUpdated 0
DXY - Are You Ready?Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. 📉 DXY has been overall bearish trading within the falling wedge pattern in brown. However, it is currently approaching the lower bound of the wedge. Moreover, it is retesting a strong demand zone highlighted in orange. 🏹 Thus, the highlighted blue circle is a strong area to look for buy setups as it is the intersection of the orange demand and lower brown trendline. 📚 As per my trading style: As #DXY is hovering around the blue circle zone, I will be looking for bullish reversal setups (like a double bottom pattern, trendline break , and so on...) 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Richby TheSignalyst15
US Dollar Index on Daily Price has been moving with heavy bearish momentum for the past 4 days after price rejected the upper descending trendline, breaking through the wedge and an area of structure to finish off last week. Looking for a slight pullback to retest the broken zone as new resistance on the lower timeframe, for price to continue lower towards the regions below along with further weakness to USD pairs. by Profound_AmbitionUpdated 1
DXY Potential Long! Buy! Hello,Traders! DXY fell down sharply But the pair will soon Hit a horizontal support Level of 103.886 and From there a bullish Rebound and a move up Will be expected Buy! Like, comment and subscribe to help us grow! Check out other forecasts below too!Longby TopTradingSignals116
DXY ANALYSIS 11/07/24Scenario 1: Higher CPI Bullish Factors: High Treasury Yields: Higher CPI indicates increased inflation, prompting the Federal Reserve to consider raising interest rates, leading to higher treasury yields. Low Unemployment: An overheating economy typically shows low unemployment rates. Overheating Economy: Inflationary pressures suggest strong economic activity, which can boost the DXY. Technical Targets: If the CPI data surpasses expectations, the DXY could move towards the resistance levels indicated in the chart around 108.073 to 108.403. Scenario 2: Lower CPI Bearish Factors: Decreasing Treasury Yields: Lower CPI suggests deflationary pressures, potentially leading the Fed to lower or maintain interest rates, resulting in lower treasury yields. Increasing Unemployment: A cooling or contracting economy often comes with rising unemployment rates. Technical Targets: If the CPI data comes in lower than expected, the DXY might drop towards the support levels around 102.355 to 102.643. Key Levels to Watch Higher CPI: Targets around 108.073 to 108.403 Lower CPI: Targets around 102.355 to 102.643 Core CPI m/m: Expected 0.2% CPI m/m: Expected 0.1% CPI y/y: Expected 3.3% Based on these expectations, market reactions will depend on whether the actual data deviates from these figures.Shortby TraderFa9irUpdated 3
"Dollar Index Analysis: Key Support Levels and Impact on Gold & Hello everyone, this is Narendra from Fing_Snap. In this video, we'll analyze the Dollar Index chart, currently trading at 104.100. Recent mixed economic data and currency weakness have pushed it down to a support area. A break below 104 and 103.3 could lead to a significant breakdown, benefiting metals due to currency depreciation. We'll also cover gold and silver, which are at key resistance levels and could soon break out. Stay tuned for trend analysis and future predictions. 01:07by NARENDRAN98691
Dollar is going to soar for awhile nowGet ready, commodities will cave and so might the market. Look to my other threads for more elaboration. I'll continue my Dollar thoughts in this thread going forward after that change in dynamic after the FED meeting.Longby EmptyEternityUpdated 117
Levels Discussed Post US CPI and BoJ InterventionDXY: Now consolidating on 104.50, needs to stay below 104.80 to remain bearish, with key support at 104 round number. NZDUSD: Buy 0.61 SL 20 TP 50 AUDUSD: Buy 0.6810 SL 20 TP 60 USDJPY: Look for reaction at 160 (possible 2nd intervention level from BoJ) GBPUSD: Buy 1.2940 SL 40 TP 90 EURUSD: Look for reaction at 1.0920 USDCHF: Looking for reaction at 0.89 USDCAD: Likely to range between 1.36 and 1.3650 Gold: Needs to break 2420 to trade up to 2450 by JinDao_Tai7
Possibility of uptrend An uptrend is expected to form up to the specified resistance range. Then, according to the behavior of the indicator in this range, the continuation of the movement process will proceed according to the specified paths Longby STPFOREX3
DXY Is Going Up! Buy! Here is our detailed technical review for DXY. Time Frame: 9h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is on a crucial zone of demand 104.518. The oversold market condition in a combination with key structure gives us a relatively strong bullish signal with goal 105.142 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. Like and subscribe and comment my ideas if you enjoy them!Longby SignalProvider115
Dollar (index) waiting for bullish triangle breakout. 12/July/24DXY dollar index as the king of cash. Tracking its 'direction" is vital when not just trading major e.g EU, UJ etc but Gold as well. What fundamentals news made dollar breakout? Rate Increase?! OR only 1 rate cut by end of year?Longby SteveTan6
BEARISH FOR DXYIm looking for this structure. Bearish for DXY. Trade carefully.Shortby ewtradersbhUpdated 4