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US DOLLAR CURRENCY INDEXUS DOLLAR CURRENCY INDEXUS DOLLAR CURRENCY INDEX

US DOLLAR CURRENCY INDEX

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DXY trade ideas

The image shows a chart of the U.S. Dollar Index (DXY)The image shows a chart of the U.S. Dollar Index (DXY) on TradingView.com, as of October 6, 2024, at 05:38 UTC. The chart depicts the price movement of the DXY over a period of time, likely from August to October. The chart displays the DXY trading within a descending channel pattern. This pattern suggests potential bearish momentum in the U.S. dollar. The current price of the DXY is 102.487, which is an increase of +0.546 (+0.54%) from the previous period. The chart also indicates the presence of support and resistance levels, which traders may use to identify potential entry and exit points.
TVC:DXYShort
by laswaii4
The direction likely set for usd to head higherHello fellow traders , my regular and new friends! Welcome and thanks for dropping by my post. USD broke up higher ,potentially already formed a double bounce...has been up the whole of last week...could likely see pullback before heading higher.for now up side bias for USD Do check out my recorded video (in trading ideas) for the week to have more explanation in place. Do Like and Boost if you have learnt something and enjoyed the content, thank you! -- Get the right tools and an experienced Guide, you WILL navigate your way out of this "Dangerous Jungle"! -- ********************************************************************* Disclaimers: The analysis shared through this channel are purely for educational and entertainment purposes only. They are by no means professional advice for individual/s to enter trades for investment or trading purposes. *********************************************************************
TVC:DXY
by Shadowing_The_Big_Boys
Retest Complete. Dollar Should Continue Down Again.There's that retest to the underside of my pink line that I was previously expecting. As you all know from last weeks video, I was a bit surprised we didn't get it at the time I was making the video. Well, better late than never. This is a perfect retest. Though, the dollar could hover on the underside for a few more days, I expect that by mid-October you'll see the trend continuation down as we head for that very important, very old trend line coming all the way back from Orwell's 1984. Blow-off top in the U.S. stock market should continue until then. If so, crypto will follow.
TVC:DXYShort
by stewdamus
USD Falling Wedge Break - Working Strongest Week Since Sept. 22The US Dollar has started Q4 much differently than how most of Q3 had went. I looked at the stalling in DXY multiple times last month as sellers seemingly had an open door to run with prints of fresh yearly lows. Yet - they were constantly thwarted. The USD even tried to set another fresh low to start this week, with Monday being the final day of Q3 trade but, again, bulls held price at a higher-low. That then led to a strong five-day rally that's still running after this morning's release of Non-farm Payrolls. Rate cuts are getting priced-out of the market as we now have the first rise in yoy Core PCE in more than a year, and a really strong NFP report. This has so far amounted to the strongest weekly outing in the Greenback since Sept of 2022, before the currency had topped. Notably - that turn was very much driven by the European Central Bank coming to the table with 75 bp hikes. That doesn't seem as though it's a realistic possibility at this point. - js
TVC:DXY
by FOREXcom
DXY Will Go Lower! Short! Please, check our technical outlook for DXY. Time Frame: 2h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is testing a major horizontal structure 101.874. Taking into consideration the structure & trend analysis, I believe that the market will reach 101.496 level soon. 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!
TVC:DXYShort
by SignalProvider
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