Be ready for a hard bounceDollar index just hit an important support area. I think is going to bounce back up before trying to break it down. I just opened a long position on USDJPY and USDCAD to edge my positions on AUDUSD and GBPUSD. by ArturoL3
DXY Idea | Bullish ForecastThe DXY has the potential to drop and turn bullish up to 105.696 and 105.998. If the price falls below 104.921, then the setup will need to be updated. Happy Trading, K.Longby KhiweUpdated 6
DXY SUPPORT AHEAD|LONG| ✅DXY is going down to retest a horizontal support of 104.000 Which makes me locally bullish biased And I think that we will see a rebound And a move up from the level Towards the target above at 104.662 LONG🚀 ✅Like and subscribe to never miss a new idea!✅ Longby ProSignalsFx116
Bearish DXYThis market has broken and retested the trendline to the downside, also in an ascending channelShortby rejoicem76Updated 335
Dollar Index Analysis: Selling Opportunity in Supply ZoneThe Dollar Index (DXY) has entered a significant supply zone, indicating a potential selling opportunity. Technical analysis reveals that key resistance levels and supply zone indicators are aligning, suggesting the index is likely to face downward pressure. This setup provides a promising opportunity for traders to capitalize on the anticipated decline in the Dollar Index. Keep an eye on this setup and stay tuned for further updates and detailed analysis!Shortby forexNetwork10Updated 117
DXY - Ranges overview We got the CPI numbers and the DXY is currently retracing back towards the lows. IF we break back within the range and get a clean close expect further prices to the downside. This will lead to higher prices on indices, crypto etc... IF we fail to break the lows from here expect us to retrace back towards the highs. This will lead to lower prices on indices, crypto etc... No need to front run the market...the NY open is coming soon so let's get ready for another great trading day. Stay safe and never risk more than 1-5% of your capital per trade. The following analysis is merely a price action based analysis and does not constitute financial advice in any form. by Patrick27071
$DXY -Decisive Move Around the Corner !!! Dollar Index TVC:DXY on the cusp of making a major move TA speaking ; (100.8 or 110) - To the upside starting currently by jumping at 200EMA and breaking recent highs within pattern while facing strong resistance just above on Range Ceiling(105) and last Highs of 107(ChoCh). - Either falling off a cliff headed in to re-visiting Range Bottom of 100.82 (Swing/Positioning) Fundamentally speaking ; Would be a great move to the Upside for TVC:DXY Fundamentally speaking, resulting so on SHORTING anti-correlated assets, such as EUR/USD and other FX pairs. Must be time for TVC:DXY to strengthen even more, makes sense ,, otherwise Recession is just ahead ! On headlines , CPI ECONOMICS:USIRYY is coming lower, with economists awaiting Fed Cuts ECONOMICS:USINTR cuts by end year. However, worth mentioning is that wealth hedges such as TVC:GOLD continues to be stocked up in piles of tonnes from China ECONOMICS:CNGRES and not only; China's Wealthy Class is also in the process of purchasing pure physical Gold *** NOTE This is not Financial Advice ! Please do your own research with your own diligence and consult your own Financial Advisor before partaking on any trading activity with your hard earned money based solely on this Idea. Ideas being released are published for my own trading speculation and journaling needed to be clear on different asset classes price action. by Mr_J__fxUpdated 6
DOLLAR INDEX - CAHNGE OF CHARACTER Hello Traders ! Previously, The Dollar Index formed a bearish double top pattern. Currently, The price broke the last higher low (ChoCh). So, I expect a bearish move 📉 ____________ TARGET: 104.700🎯Shortby Hsan_BenhmedUpdated 5513
CPI analysis on DXYToday on CPI we expect price to go bullish and shift structure to the upsideLongby GoldenB553
US CPI release tonight (Levels & Setups)11th July (CPI Data Pending) DXY: Now consolidating on 105.00 support area. CPI < 3.2 could see the price break 104.80 to trade down to 104 round number support. NZDUSD: Sell 0.6040 SL 20 TP 60 (DXY strength) AUDUSD: Buy 0.6760 SL 30 TP 110 (Hesitation at 0.68) USDJPY: Sell 161.15 SL 20 TP 120 GBPUSD: Buy 1.2890 SL 40 TP 100 EURUSD: Buy 1.0860 SL 20 TP 55 USDCHF: Buy 0.9030 SL 30 TP 110 USDCAD: Sell 1.3580 SL 30 TP 115 Gold: DXY weakness, drive gold higher, break 2390 could test 2415by JinDao_Tai6
DXY Analysis. Bullish dollarHello everyone i want share my idea about Dollar index. From the beginning of the year dollar changed trend from bearish to bullish which is absolutely logical and still we are uptrend, in this year everyone waiting for cut rates which will positive for dollar and this 6 month upside movement is signal, the trend will be bullish next six month. At the moment we see some correction of dollar index which is the best tool to understand what will happen to dollar pairs ( not to USDJPY pair, JPY is in trouble, the price moves different) i used support and resistance zones at higher timeframe to understand where the correction will end, then i used fibonacci tool and scenes what will happen when price will come at the point. I am bullish at dollar for that i am waiting my first and second scene which is bullish movement but if i will be wrong i have prepared third scene which will cover my loses. IF I AM WRONG I WILL ACCEPT IT AND FOLLOW TO PRICE ACTION! ALWAYS MAK YOUR OWN RESERACH! I WILL UPDATE THIS IDEA EVERY WEEK. Longby elmakachoUpdated 3
DXYUpdate on the Dollar Index on the daily timeframe Currently, it is supported by an upward trend, facing a critical juncture of breakout or rebound. A strong breakout below this level could lead it to decline towards levels around 102-103, providing strong opportunities for currencies and metals to rise. by ALSEIF_GROUB2
DXY Minute: Looks like supportExpecting to reverse here to the upside. Looks like we have hidden bullish divergence. I do not expect that this will end the downward movement and have noted potential reversal points and targets one more move out.Longby CuzDelux1
DXY bearishness This is the sell idea I have for DXY going into tomorrow’s trading day. We have a 1hr breaker block that should send us into a short term 1hr sell target. Once price approaches this area I will drop another post detailing my thoughts on going into the validation of this setup. Follow so you don’t miss my next post and feel free to commentShortby kamaricolmn0
I think there is a great selling opportunity in this chartI think there is a great selling opportunity in this chart pattern, I'm not going to miss it and I'm going to get into itLongby hjonmaykson0
Dollar index before CPITommorow is CPI. I showed why dollar index could potentially go higher and why it could potentially go lower.03:49by nikola_trade_111
#DXY is At Critical Moment🔹The DXY chart above shows the US-German 10-year bond spread, an important metric which typically guides the pair. 🔸The interest rate differential suggests the dollar is overvalued or the euro is undervalued as the last time the bond spread was 1.87% the index traded at the 102.25. The price at the time of writing is 105.75. 🔹There is scope for the dollar to first strengthen with a Strong GDP growth and a robust labor market may delay US rate cuts compared to other countries, sending the price back up to 105.500, 105.800, 106.400 and 107,100. 🔸But on the other hand Risks including an unforeseen economic growth and pressure from elevated oil prices can potentially affect the inflation trajectories thus weakening the Dollar sending it down to the 200 MA 104.490, 103.504 and 102.600. 🔹The next few months are crucial for potential policy shifts to a more dovish stance by the end of Q3 if positive trends persist. Zanzibar TradingLongby Zanzibar_Trading1
DXY Is Very Bullish! Buy! Please, check our technical outlook for DXY. Time Frame: 9h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is trading around a solid horizontal structure 105.090. The above observations make me that the market will inevitably achieve 105.476 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 SignalProvider118
US DOLLAR INDEX (DXY): Time to Short The US Dollar Index has formed a bearish pattern, breaking down from a key support level and then retesting it. On the 4-hour chart, a bearish flag has formed, which might trigger a strong sell-off as the pair has broken below the flag's support. This confirms a strong bearish bias, increasing the likelihood of further downside. The next targets are 104.81 and 104.59.Shortby linofx13318
Update On Dollar IndextBased on the market structure, I see a bullish strong shift as a positive rsi divergence is presented in past few hours. The main target is identified due to an advanced bullish legs structure -Follow for more-Longby OmidBK20030
Levels discussed on livestream 10th July 10th July DXY: Consolidating on 105.00 support area, looking for breakout to 105.40 (price needs to stay above 105). NZDUSD: Sell 0.6080 SL 15 TP 30, then look for reaction at support level 0.6050 AUDUSD: Buy 0.6760 SL 20 TP 110 (Hesitation at 0.68) USDJPY: Buy 161.50 SL 25 TP 50 GBPUSD: Sell 1.2775 SL 20 TP 70 EURUSD: Buy 1.0860 SL 20 TP 55 USDCHF: Sell 0.8935 SL 20 TP 40 USDCAD: Consolidating between 1.36 and 1.3650, do nothing for now Gold: Look for reaction at 2390 resistance levelby JinDao_Tai7
Dollar is doing down for the yesterdays sessions lowsDollar is doing down for the yesterdays sessions lows - Accumulation / Manipulation / Distribution - No liquidity raid = No trade - Never buy high and never sell low “Adapt what is useful, reject what is useless, and add what is specifically your own.” Dave FX Hunter ⚔by Dave-FX-Hunter1