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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

DXY Will Go Up From Support! 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 price is testing a key support 100.719. Current market trend & oversold RSI makes me think that buyers will push the price. I will anticipate a bullish movement at least to 101.379 level. P.S We determine oversold/overbought condition with RSI indicator. When it drops below 30 - the market is considered to be oversold. When it bounces above 70 - the market is considered to be overbought. Like and subscribe and comment my ideas if you enjoy them!
TVC:DXYLong
by SignalProvider
1
Will the US Dollar Index Collapse Below 100? Or Back To 105?The big day has arrived: the first Fed rate cut. The burning question is, will it be 0.25% or 0.5%? In recent days, the markets have been leaning toward a 0.50% cut. Could this be the catalyst for a breakdown below the critical 100 level in the USDX? Let’s break down the charts and find out. Looking at the weekly charts, the 100 level has been a solid support zone for several years, briefly dipping below last year in what turned out to be a false breakout within the 100 - 107 range. I’ve highlighted some key levels on the charts: last year’s low at 99.47, and just below that, the 0.99 mark, which is a key Monthly 0.618% fib level and a strong former resistance turned support (see image below). Below this level is a significant BUY zone, where the massive 2022 rally began, breaking through 100 and eventually driving the price up to nearly 115. Considering these key areas, I do suspect we may see a breakdown through the 100 level, but it will likely be met with strong buying pressure at the areas mentioned. This is why, for now, I’m leaning toward the upside for the US dollar. Zooming into the daily charts, an M pattern is forming at this key support, suggesting that price is gearing up to break through the 100 level. Additionally, there’s a divergence emerging on the MACD, indicating that although a break below 100 might occur, it could be short-lived. This is why we should be looking for buy setups as the price dips under this level. Zooming in further to the 6-hour charts, we can see the divergence even more clearly, with the MACD on the verge of a crossover to the upside. With all of this in mind, a whipsaw move could be on the cards today after the rate decision. I’ll be turning on my TRFX indicator and watching for buy setups on dips under 100 and toward 0.99. Although the USDX may weaken in the longer term, I fully expect a strong reaction at the levels mentioned, with the price likely to run back up toward the 103-104 area before selling off again. Let me know your thoughts in the comments below!
PEPPERSTONE:USDXLong
by TheFxAce
9
Pre FOMC Rates Decision Analysis18th September DXY: Consolidate around 100.90, (if 50bps cut) needs to break 100.60 to trade down to 100 round number support. (if 25bps cut) bounce from 100.60 to bearish trendline NZDUSD: Buy 0.6220 SL 25 TP 75 (DXY weakness) AUDUSD: Buy 0.6780 SL 20 TP 70 (DXY weakness) GBPUSD: Look for test and reject of resistance area, Sell 1.32 SL 30 TP 80 (DXY strength) EURUSD: Buy 1.1150 SL 25 TP 50 OR Sell 1.1110 SL 20 TP 50 (Straddle) USDJPY: Buy 142.80 SL 50 TP 150 (DXY strength) USDCHF: Sell 0.8420 SL 30 TP 45 (DXY weakness) USDCAD: Sell 1.3560 SL 30 TP 60 (DXY weakness) Gold: Could range between 2570 and 2590, Looking for a test of 2600 and possible correction lower
TVC:DXY
by JinDao_Tai
USD Grasping to Higher-Low Ahead of the FedDXY pushed down to support to start the week with a strong push from USD/JPY bears testing the 140.00 handle. But - that breakdown couldn't hold and with the FOMC just about 24 hours away we've seen some short-covering ahead of the big day. In my view the big driver for the USD since the July high has been USD/JPY and that carry unwind theme, which I think will remain a major push point around tomorrow. A more dovish Fed with more cuts in the forecast gives USD/JPY longs more reason to unwind carry trades. A more prudent path could see continued short-cover from shorter-term bears. And EUR/USD may just be along for the ride as the European economy isn't exactly in a significantly better spot than the US and we'll probably be seeing more cuts from the ECB, as well. - js
TVC:DXY
by FOREXcom
Levels discussed on livestream 17th September 17th September DXY: Ranging between 100.60 and 100.90 NZDUSD: Buy 0.6220 SL 25 TP 50 (Hesitation at 0.6245) AUDUSD: Buy 0.6740 SL 20 TP 40 GBPUSD: Look for test and reject of resistance area, Sell 1.32 SL 30 TP 80 (COUNTER TREND) EURUSD: Buy 1.1145 SL 20 TP 55 USDJPY: (IHS) Buy 141.55 SL 60 TP 180 Trend Following: Sell 140.10 SL 30 TP 70 USDCHF: Sell 0.8420 SL 30 TP 45 USDCAD: Ranging 1.3565 and 1.36 Gold: Currently at 2584, could trade higher to 2600
TVC:DXY
by JinDao_Tai
DXY Price Analysis: Without a Clear DirectionDXY Price Analysis: Without a Clear Direction Technical Analysis: The price has moved inside a large-range trading pattern during the last month. The range movement is located between 100.50 and 101.90 Price is near to a key support zone. If it manages to rise again then it will develop an ABCDE pattern. If the price rises for the "E wave" then it may easily reach 101.25 and the final target should be near to 101.90 which corresponds to a key resistance zone. If the price breaks down of 100.50 then the odds are that it can move down to 100.13 and probably if the sell-off accelerates further it may reach 99.50 Fundametal analysis: The market is focused on the FOMC meeting scheduled on Wednesday, September 18. According to the rate cut and Powell's press conference the USD will take the news direction. That is why also DXY is showing both trading opportunities. Thank you and good luck!
TVC:DXY
by KlejdiCuni
1