DOLLAR INDEXDXY We had just broken below an AOV( Area Of Value) and price has been correcting there giving us a bearish flag formation structure. This means that prices will be dropping for this coming week to our initial anticipated support area on the trend lineShortby DaForexWitch0163
DXY + Progressive Trend Tracker + VIDYA + GANN square of nineProgressive Trend Tracker (PTT) is a development combining Bollinger Bands with Highest Highs and Lowest Lows by K.Hasan Alpay & Anıl Özekşi. As observed on the charts the reading is well above the lower band and indicating the strength in the DXY. The three green soldiers bring message of strength from the world of candle stick patterns. The VIDYA ( Variable Dynamic Moving Average is the black line on the chart and is the VAR based moving average. The price above this line also signals strength in the index. The support and resistance lines is coming from the inbuilt indicator that display nearest support and resistance from GANN Square of 9 box. The RED line is the strongest resistance here and the blue line is the moderate support. by satyajbims0
DXY March 23 week aheadDXY March 23 week ahead Price parent bias is bear Price is Discount M/W/D Previous session Premium and Premium on the daily range News Monday 9:45 When Price lowered into the Monthly SIBI from sept 2024 for the second week but and then rallied for higher prices, I suspect that Price is gravitating to the buy stop target noted and the daily SIBI. Wait and see what Sunday does. However if we see lower prices beginning of the week we could see Price rally to the buy side target and rebalance March 6 daily SIBI be the target for higher prices. by LeanLena0
DXY March 23 Weekly Analysis DXY March 23 Weekly Analysis In hindsight it gets easier to see. Reading from the 4 hour chart I can see from March 5 price sold off to then consolidate on the 50, sells off early the next week making the low on Tuesday then rallies to engineer equal highs and closes at the 50. This past week Price come just below the 50 off consolidation again sells off early in the week making the low on Tuesday and hit deep discount and rallies closing this week in a Premium. *Note the magnet that the event horizon played this past week-learning it value. *Note price came down to below .70 on the parent range and wicked into the Monthly BISI from oct 2024 *Note that Price came to the .70 of the daily range and came through to the .618 creating equal lows. Daily chart *Note price 3 week narrowed range I pointed out earlier this week *Note Price was in a discount until Thursday coming through to a premium on the hourly chart Beginning the week consolidating on the 50, taking sell stops and creating equal lows to close. Price lowers to take sell stops and creates equal lows on Tuesday in a deep discount. Wednesday Price launches to the 50 level taking Friday/Mondays equal highs. Sells off back into a discount. Thursday rallies to just take equal highs created from March 10. Retracement to the 50 level and upper quadrant of the FVG Thursday created. Friday rallies to barely take the buy side, then wicks down to the same FVG quadrant level creating equal lows and rallies higher again taking Thursdays buy stops and creates equal highs.by LeanLena0
DXY Update – Two Possible Scenarios! 📢 DXY Update – Two Possible Scenarios! 📢 1️⃣ Bearish Scenario: Looking for sell from the Bearish OB 🎯 2️⃣ Bullish Scenario: If price doesn’t reach the Bearish OB, we shift focus to the Bullish OB for a potential buy ✅ 📌 Waiting for price to approach key zones & using confirmations for entry! 📊 Stay updated with our latest analysis – Follow our TradingView page! 🚀 Shortby twb11224
Bullish dollar next week?Based on the positive fundamentals for the dollar I’m expecting short term higher prices closing marchLongby Abz_fx11
DXY: trading range 4HThe DXY is moving within a trading range on the 4H chart. We can sell at the top around 103.80 and buy at the bottom of the range around 102.80. However, we anticipate an upward breakout (in the direction of the trend on the longer timeframes). Therefore, we can either buy at the bottom of the range or wait for a bullish breakout and a pullback to position ourselves for a buy. Our target would then be 105.45.Longby declic_trading1
DXYFundamental Drivers Affecting DXY Next Week Department Responsible: US PMIs: S&P Global. Fed Policy: Federal Open Market Committee (FOMC). Trade Policy: US Treasury Dept Key Events and Data Releases S&P Global Flash PMIs (March 24) Manufacturing PMI Forecast: 51.9 (Previous: 52.7). Services PMI Forecast: 51.2 (Previous: 51.0). Impact: Above Forecast: Supports USD (DXY↑) on resilient economic activity. Below Forecast: Weakens USD (DXY↓) as Fed rate-cut bets rise. Trump’s Tariff Implementation (April 2) Scope: Potential 25% tariffs on EU/China imports. Impact: Risk-Off Sentiment: Safe-haven demand for USD (DXY↑). Trade War Fears: Could hurt US growth prospects, pressuring USD (DXY↓). Fed Speeches FOMC Member Bostic (March 24): Hawkish rhetoric (delayed cuts) supports DXY↑; dovish hints weigh on DXY↓. DXY Technical Outlook Scenario Bias Key Levels Catalyst Bullish=Strong PMIs + Hawkish Fed + Tariff Escalation Bearish= Weak PMIs + Dovish Fed + Tariff De-escalation Neutral= Mixed Data + Geopolitical Calm Fed’s Data Dependency: The Fed remains "meeting-by-meeting," making incoming growth, inflation, and jobs data critical for USD volatility. Bearish Momentum: DXY holds below key technical indicators , signaling a bearish bias. A break below 103.30 could accelerate declines toward 102.84 Trump Policies: Tariffs and immigration policies amplify USD volatility, with risks skewed toward stagflation (weak growth + high inflation). Conclusion Bearish Bias Dominates despite 3days buying momentum Weak PMIs and dovish Fed rhetoric could push DXY toward 102.90. or 100 Tariff escalation risks and resilient US data are the only bullish catalysts. Volatility Triggers: April 2 Tariff Deadline: Monitor for trade war escalation. Fed Speeches: Bostic’s tone will set short-term USD direction. the fed member speech will be priced in terms of stance for clear directional bias .12:05by Shavyfxhub2
Dollar Index - Will Rate Hikes Cause Risk Off Conditions?It’s been a risk off environment over the last few weeks and because of this, we have seen the appreciation of GBPUSD and EURUSD which was called weeks in advance. With a massive imbalance above and daily sellside liquidity taken, the question is will Dollar Index fill the daily SIBI before the rate announcements happen? If this happens, it will be a classic ‘buy the rumour, sell the news’ scenario. Next week will be very volition due to the news events being released and this could be the catalyst for price to expand into the local SIBI outlined on the daily timeframe. Long09:14by LegendSinceUpdated 4
Dollar Index at Risk: Key Support Holds the Fate of the TrendThe U.S. Dollar Index (DXY) has broken down from a Head & Shoulders pattern, confirming a bearish reversal after a successful retest of the neckline. The price is currently near a key support area, and if it fails to hold, a drop toward the lower strong support zone is likely. Additionally, RSI is showing bearish divergence and is below the neutral 50 level, indicating weakening momentum. DYOR, NFAby unichartzUpdated 4
$DXY is pulling back to a strong support zoneTVC:DXY is reaching a strong support zone and a pullback could end here of continue to 100. Key support level is being tested.by ewaction0
DXY aka USD suspicious leading diagonalif price confirms it is a leading diagonal, we will see a corrective move down before another spike higher. Am eagerly waiting for the confirmation to load up positions in eurusd gpb aud etc as DXY will show the way, it moves up mean USD bullish and hence eurusd gbpusd etc moves down. Good luck. PS: Give a boost if you like my sharingby stanchiam1
DXY, bullish or bearish?Welcome back! Today i'm posting a small idea on the DXY. Usually i cover crypto but the macro is important. A weak dollar correlates with more risk being taken and a strong dollar with less risk being taken. Hence my analysis of the DXY. In the above chart a couple of things can be seen which makes the outlook hard to predict. On one side there is a bullflag on the monthly timeframe with a target of 130! On the other side, looking under we can see a bearish MACD cross and a bearish stoch RSI. On average it takes half a year to a year for a cross like this to recover. This causes me to be bearish on the dollar and bullish on risk-on assets. Thanks for readingby Rustlingjimmies3
DXY LONG SETUPpossible recovery for us dollar. possible target : 108+ good luck. Longby VulcanoRossoUpdated 18
DXY refuse to reduceThere was a breakout candle through the price of 103.853, confirming the downtrend but then this candle was immediately eliminated, showing the psychology of refusing to sell at this price. Waiting for confirmation of a correction to a better selling zoneby Sinuhe_Fx1
DXY aka USD another leg lowerPrice breaks short term support region, very simple support and resistant view, if price stays below, the bias is for another leg lower Shortby stanchiamUpdated 112
Further Underperformance for the US Dollar Index? Down nearly 4.0% this month, the US Dollar Index demonstrates scope to navigate deeper waters on the monthly chart towards the 50-month simple moving average (SMA) at 101.72. A similar vibe is evident on the daily chart. Following a test of support-turned-resistance at 103.94, a possible bearish scenario could unfold if price breaches the lower edge of the current descending triangle pattern (103.22/104.09). If a breakout lower materialises, follow-through downside could see support at 101.92 make an entrance (set just north of the 50-month SMA).Shortby FPMarkets3
DXY March 20 Analysis DXY March 20 Analysis Price parent bias is bear Price is Discount M/W/D Previous session DISCOUNT and DISCOUNT on the daily range new 8:30 March 19 delivery Price was in a discount after consolidation rallied in London to session 50 as I suspected and rallied to the daily range 50. Retraced with a small consolidation coming into NY. 7 macro judus swing small consolidation to reverse and rally to buy stops target and FVG. FOMC price retraced a discount on the .79 DR and consolidated. Stop hunt raid? Note how prices swing was from .79 to .79 on the daily range. March 20 delivery Its likely after the raid on buy stops and that Price is now rebalancing a HTF FVG that we could see price continue to seek lower prices. It could show signs of wanting to come to the 50 previous session range so be open to what the chart prints. My Model Factors Price will have to do the following for me to trade *session liquidity taken *macro time only *first presented FVG *4 candle pattern *hour analysis down to 1 min every 15 minutes *every hour mark out what price has done Stay open to build narrative once Asia opens. Stay open to reading price deliveryby LeanLena1
There's gold in the vault and I have cracked the code.Gold futures and forex traders, The dxy and xau gc directly correlate. Use it to your advantage.by Bigdaddypippin0
USD Gains Ground as Markets Await the FOMC and New ProjectionsThe U.S. dollar is regaining ground ahead of the much-anticipated second monetary policy decision of the year by the Federal Reserve, after having been under pressure during the first half of the week. The U.S. Dollar Index (DXY) is showing a 0.4% gain, positioning itself as the strongest currency among major Forex market pairs on this key trading day. Alongside the greenback’s strength, U.S. equity markets are also trading in positive territory, reflecting relative optimism ahead of the Federal Open Market Committee (FOMC) decision. The federal funds rate, currently within a 4.25% to 4.50% range, is widely expected to remain unchanged, with interest rate futures assigning a 99% probability to this outcome. However, while the rate decision is largely priced in, market attention will shift toward the Fed’s new economic projections, and most importantly, to Federal Reserve Chair Jerome Powell’s press conference. I personally anticipate significant adjustments in the Fed’s estimates, which could trigger notable market reactions. Specifically, I expect the Federal Reserve to lower its 2025 economic growth projections from the 2.1% forecasted last December, in response to a more challenging economic environment, where we have seen a weaker U.S. consumer and the impact of recent tariff measures introduced by the Trump administration. Additionally, inflation projections will be a key focus, especially as we have seen a derailment of long-term inflation expectations, a crucial factor in the inflation debate, which have now reached their highest level since 1993. The so-called "dot plot" will likely indicate two rate cuts projected for this year, reflecting a slightly less dovish stance compared to the three cuts currently priced in by financial markets. This discrepancy could drive volatility in both the dollar and equities if market sentiment shifts to accommodate this less accommodative outlook. The post-decision press conference will be, in my view, the most critical moment of the day. Jerome Powell will face tough questions regarding the Fed’s stance on the growing risk of an economic recession, exacerbated by uncertainty over the effectiveness of the White House’s new trade and fiscal policies. It will be crucial to hear how Powell balances an inflation-focused narrative with the surge in inflation expectations, a key factor for future monetary policy decisions. Powell is likely to adopt a cautious approach, avoiding any firm commitments on the future direction of monetary policy, aiming to retain maximum flexibility in an uncertain economic environment. Finally, it wouldn’t be surprising if the term "stagflation" takes center stage in journalists’ questions, given the current backdrop of persistent inflationary pressures combined with increasing signs of economic slowdown. In summary, while interest rates are expected to remain unchanged, the Fed’s statements and projections will be critical in shaping the future direction of financial markets and the Federal Reserve’s monetary stance in this challenging economic environment. by Pepperstone3
dxy continues to make its short and maintain its bearish stance dxy market remains to its subjected bearish sentiment as Gold market remains trajectory in its bullish trend ,,in the anticipation of the dxy to 99.991, follow for more insight ,boost idea , comment , opinions Shortby Ak_capitalist1