USDX trade ideas
Dollar index is in upchannel with retracementDollar index is in upchannel with retracement. Fundamentally & Technically DXY is bullish till channel do not breaks
DXY ... Dollar ideas for the near termMore specific look at TVC:DXY levels and their corresponding relation to past price action..local action but trends are global chart ultra-high to ultra low...or recent ultra-high to -ultra-low
The many crosses at the bottom don't occur much, but they really help to set bottoms...just as few lines in space allow for more wild price action until otherwise met at a higher or lower level...
Always remember, these are charts- not reality. When your chart shows great action and then you look out the window and can't relate- its cause its all a paper game- keep that in mind.
Copper takes at best 17, and at worst 30 years to come online for new supply in regards to a mine. Other than the Congo or South America---not much out there. So chart all you want, but you may be a 3rd of a century older until a magnificent mine gets its first nugget of partially refined ore.
So here is a simple example...If you decided you wanted to be a neurosurgeon but you didnt want to get a specific shoulder sticker- you missed out from 2020 to at least 2023 in some states...now you are 4 years back from college, like 3 or 4 from med school, 6 or so from residency, and 1 to 2 years from actual surgery. Ergo...One action of a few people caused a 3 or 4 year delay, that already takes what 16 or more to complete if done on time and pass everything.
There is no argument here or politics..just facts. Too many Gretas got shares in renewable companies and didnt want Exon or Valero from becoming bigger and more efficient...now what?
#Dollar / #Bitcoin correlation I've previously described the correlation, and it's clear to everyone: a weaker DXY is positive for BTC.
📝Recently, the dollar has grown significantly and seems close to a local maximum (the chart is inverted). This demonstrates the strength of Bitcoin, as it was able to rise even against a strengthening dollar.
💡Imagine its movement when the new administration plans to lower the dollar price like they did last time. I think we will see a similar scenario as in 2017, when the dollar, from a local maximum, begins to provide a tailwind to the movement of assets that trade against it.
DXY is heading towards something big EITHER WAY!This is an ominous looking chart telling us something extreme is likely ahead!
Right now, this trend continues to move up the major arc, which began in the 70s.
If we stay on this road, $160 is a possibility by the 2030s.
If we fall below this arc before reaching the top, LOOK OUT BELOW.
U.S. Dollar Index Analysis: Trendline Breakout Targets $110 ResiThe U.S. Dollar Index (DXY) has shown a strong breakout above a key descending trendline, signaling renewed bullish momentum.
The Power of Negative Correlation: DXY vs. GBP/USDThe relationship between the U.S. Dollar Index (DXY) and GBP/USD exemplifies a classic case of negative correlation in the forex market. As the DXY tracks the strength of the U.S. dollar against a basket of major currencies, a rise in the DXY typically results in a decline in GBP/USD, and vice versa. This inverse relationship reflects the direct impact of dollar strength on the British pound, which makes analyzing both charts together a powerful tool for identifying high-probability trade setups.
In the attached charts, the DXY shows a bullish breakout and retest pattern, suggesting further upside potential as it moves toward the 109.500 level. Meanwhile, GBP/USD mirrors this movement inversely, with a bearish trend forming and a projected move toward the 1.23500 support zone. These complementary patterns not only confirm the negative correlation but also offer insights into potential price action, allowing traders to align their trades with broader market sentiment.
For traders, understanding and leveraging this negative correlation can enhance both risk management and trade timing. By monitoring DXY for signs of dollar strength, traders can anticipate potential downward moves in GBP/USD. This approach, combined with breakout and retest strategies, offers a clear framework for capitalizing on these movements. Keep an eye on key support and resistance levels on both charts for optimal trade entries.
DXY shortExpecting short term short on DXY, we reached monthly sibi, there is unfilled inefficiency. Forex this phase will be long
What's next for the Dollar?Will they keep driving the dollar to push us into hyperinflation territory and bring about turbulent times?
The FED is in the midst of reducing supply while people are selling off assets. Will the $$$ have any value later on?
3M time frame DXY. I don't trade this, just monitoring
DXY long1)Trend defined. Daily uptrend.
2)Contradictory limit entry order. At the lower extreme of an 1h consolidation area.
3)Default loss. Just below the initiative bull candle.
4)Default target level. 5.54.
5)Risk <= 3%.
6)Singular trade.
7)Trades placed today <= 5.
Key Levels for the Month ∷01.2025 ∷DXY🔳Key Levels Overview for the Month🔲 ∷01.2025 🐍
Dynamic Resistance🔀
110.50
109
Dynamic Supports🔀
106.50
105
Mid Pivot (🐻bull&bear🐂 zone ch trend)
112.50
108.54
104.44
range of supply and demand
110.02
107.33
104.64
Range Band 🐇
111.26
107.94
104.61
What's Flowing: FX & CRYPTO“If it’s for the bulls, it’s for the bears” – an acknowledgment that markets are cyclical, often presenting opportunities on both ends of the spectrum. In this snapshot, bear sentiment dominates DXY and XAU/CHF, while BCH/USD shows significant retracement after a bullish rally.
Happy New Years, Your Most Profitable Day is Still Yet To Come!
Dollar Bias for Christmas weekEverything is clear in the chart.Low volatility long vacations but mindful to play.
Symmetrical TriangleI don’t know if this triangle stuff works on DXY or not. All I know is breaking above the triangle can be bad for crypto. Breaking below the triangle can take DXY down to around 107.2 which can be good for crypto. Bye.
Outlook on Gold Depending on the US Dollar {DXY} this week?COMEX_MINI:MGC1!
"Successful trading has always been about understand the convictions, the strength and the weakness of buyers and sellers. Once you understand what the other traders are doing in the market, you can successfully trade with them." -Michael Valtos
Here on Gold, I have a Neutral outlook. However, I am going to pay very close attention to the US DOLLAR {DXY}. I'll keep you updated, as PA develops.
Remember; "Our Profession is to Manage the downside costs of printing HIGHSIDE returns of $$$ consistently. Done correctly, well Abundance awaits us." -500KTrey
DXY will remain on a strong bullish trendThe trends show off of time cycles for the presidential cycles how it all is aligned currently for a serious change in momentum.
DXY will stay strong this presidential cycleProof is in the pudding. TA shows what it shows. Dollar is dominant. Trump went into power.
We will see what happens.
DXY - 4HThe Dollar Index is currently undergoing a bearish correction in the 4-hour timeframe. It is expected that after another bearish cycle, it will be able to resume its upward movement and reach the specified range.
Dollar index is in uptrend, shows 61% Fib retracementDollar index is in uptrend, shows 61% Fib retracement. The price is taking support of lower channal line.
DXY next year.i told yall I am bullish, yes i'm still bullish. Here's what I think might be happen to DXY, be flexible to other pairs
USD Index Poised for Breakout: Key Levels to WatchTVC:DXY USD Index Poised for Breakout: Key Levels to Watch
Analysis:
Price Action Strategy:
The BOS indicates a significant shift in market structure, suggesting a potential trend reversal.
The CHoCH further confirms the change in market sentiment.
Equal Highs and Equal Lows suggest areas of liquidity that the price might target.
Smart Money Concepts (SMC):
The FVG area is highlighted, indicating a potential area of interest where smart money might enter the market.
The price is currently consolidating near the FVG, suggesting a potential breakout.
ICT Strategy:
Fibonacci retracement levels (0.786, 0.705, 0.618, 0.5, 0.382) provide key levels for potential entry and exit points.
The RSI is hovering around the 50.30 level, indicating a neutral market sentiment but with potential for upward momentum.
The MACD shows a slight bullish divergence, suggesting a potential upward move.
Buy Strategy:
Entry: Near the current price level around 108.149, especially if the price breaks above the FVG.
TP1: 108.705 (Fibonacci 0.705 level)
TP2: 108.786 (Fibonacci 0.786 level)
SL: 107.847 (Fibonacci 0.382 level)
Sell Strategy:
Entry: If the price fails to break above the FVG and shows signs of reversal.
TP1: 107.928 (Fibonacci 0.5 level)
TP2: 107.847 (Fibonacci 0.382 level)
SL: 108.705 (Fibonacci 0.705 level)
Buy Signal:
entry: 108.149
tp1: 108.705
tp2: 108.786
sl: 107.847
Sell Signal:
entry: 108.705
tp1: 108.149
tp2: 107.847
sl: 108.786
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Market Outlook for the bext 2-3 weeks. $NVDA predictionBreaking down NVDA. Also, taking a look at the RUT and how it can help be an indicator for cryptos and risk on.
