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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

A quick high-low TF analysis of USDX.Next week:correction starts HTF to LTF high/low analysis of the dollar index the USDX. It was interesting to see the gold price rally as the USD$ continued to breakout this week, the dollar's prior weeks volume was massive but its petered during Friday (yesterday) after failing to close higher than the last known candle at this price level 108.33 on a day back in November 2022. Furthermore, the 108 level got rejected and the USDX fell back to close just under the 50% level of the daily candle which is still a bit bearish 107.47. See below my series of charts why I see the USD$ starting to recede next week, I would say commencing Monday. Now to the 4HR chart where the bears have already moved in commencing Friday (yesterday) Further bearish charting on the 30m 10M chart below, more bearish clues. 3M Chart. Is this getting boring? 1M TF a bears head n shoulders is for viewing & price has already retested and moving lower. and finally a 10sec chart for giggles.
EIGHTCAP:USDXShort
by Easy_Explosive_Trading
1
What's Next for the Dollar Index? Will It Hold Above 107?Detailed Breakdown of DXY Chart 1️⃣ Context & Market Narrative The chart suggests a pivotal moment with a potential reversal or continuation of the current trend. 108.071 acts as a significant level, where price is showing signs of exhaustion. 106.77 emerges as a critical support zone, with strong buying activity in this area. 2️⃣ Key Observations The price has moved within a defined range, testing both resistance and support levels. There are clear signs of manipulation near 107.348, with possible stop-loss grabs targeting retail traders. The region around 106.77 indicates substantial market activity, making it a key zone to monitor. 3️⃣ Support & Resistance Levels Support Zones: 106.77: A strong area where buying activity has been observed. 106.113: A deeper support level that aligns with possible retracement targets. Resistance Zones: 107.348: A key resistance that needs to be broken for further upward movement. 108.071: A significant high, acting as a current barrier for price continuation. 4️⃣ Potential Scenarios Bullish Case: If price sustains above 106.77 and breaks through 107.348, it could continue upward toward 108.5–109.0. Bearish Case: A break below 106.77 would indicate further downside, targeting 106.113 and possibly lower. 5️⃣ Liquidity Analysis Above Current Price: Liquidity is clustered around 108.071, indicating possible upward spikes before a reversal. Below Current Price: Significant liquidity resides near 106.33, making it a possible target if the market moves downward. 6️⃣ Key Levels to Watch Upside Targets: 107.348: First resistance level to watch for a breakout. 108.071: A major level where price could reverse or consolidate. Downside Targets: 106.77: Immediate support level to monitor for buying interest. 106.113: Next key level if the price fails to hold above 106.77. Final Notes The current chart suggests that price is at a crucial juncture. Monitoring how it reacts at 106.77 and 107.348 will provide clearer signals about the next direction. Be cautious of potential traps around these zones and confirm breakouts before entering trades. Let me know if you'd like additional refinements or further clarifications!
TVC:DXY
by spaceangel
1
DXY MARKET OUTLOOK!Price broke the retested a broken resistance price of 106.231 earlier week. It traded higher and closed at 107.490 heading forward this coming week we have lots of economic repost and announces from the FOMC board meeting. We also anticipate GDP report, personal spending & core PCE INDEX the anticipation of this reports can impact the market volatility. Technically, we’d likely get to see more bullish price action continuation of DXY which will now impact the 6 USD crosses (USDJPY,USDCAD,USDCHF,AUDUSD,EURUSD,GBPUSD. And possibly XAUUSD.
TVC:DXY
by Cartela
DXY sell ideaThe DXY is currently experiencing bullish momentum as investors gain confidence in equities, largely influenced by Donald Trump's business policies. From a technical perspective, however, the price has retraced significantly into a premium area while sweeping liquidity. This suggests that we might start to see some selling opportunities emerge. On this chart, the price has retraced to the 50% (premium area) of the imbalance or fair value gap, while also sweeping liquidity above. Additionally, the price is currently at the Monthly Order Block and aligns with the 0.618 Fibonacci level.
TVC:DXYShort
by sharpdennis10
DXY - Long Term ScenariosDXY / Dollar is looking very strong and can break above resistance and target higher levels. A break of Support Level will open lower levels. MAs are coming closer and a cross will confirm Bearish move. Best approach is to go from level to level rather than aiming for a swing move as sentiments can switch anytime. For entries, please wait for at least two candle reversals at the specified level and apply appropriate risk management. If you found this analysis helpful, please consider boosting and following for more updates. Disclaimer: This content is for educational purposes only and should not be considered financial advice.
TVC:DXY
by MarketsPOV
Why I was surprised some called for a cooling/correction of USD$ Daily & Weekly Below Late last week and earlier this week, some traders & price predictors were giving their big 'scoop' about the Dollar correcting going into the start of this week. I didn't really buy it and here is why. I knew that there was no real recent resistance for USDX at these current levels. In fact, absolutely nothing for 12 months. I could also see that by late last week the Dollar had simply pulled back from its recent high at around 107.03 and yes even got over a whole number before pulling back and closing a little lower on 14 November. By last Friday 1 week ago the USDX (dollar index) was a mere 0.3% below 107.03. Also, look at the combined volume for last week and for that matter this week. Why and how would any instrument recede in price after all that weekly volume? Whenever, I make a call on the USDX, I am acutely aware of its wide influencing price behaviour on currency pairs, gold price and even Crypto and other commodities. Making calls on the dollar should be reserved for those who properly pull the chart apart and study the price-action with leading-indicators, not some sort of on the run call like "the dollar looks like selling, its a bit overbought". Theres no such thing as over bought when an instrument is rallying. I said the USD was BREAKING OUT back when it was around 100 prior to Gold's breakout. I had concerns over RSI Monthly Oversold levels and I could see historically when this had happened to the Dollar (on a USDX chart with monthly RSI levels plotted) that this occurrence had preceded a major breakout in the USD$. Multiple times at different periods going back only several years. Perhaps, next time give us your reasons why the USD is correcting and taking a break, that we can see how sound your technical analysis trading methods might be. Don't do something for example Bloomberg recommends in a headline, I am not picking on Bloomberg but the entire trading news, who really don't have a clue and are chase headlines.
EIGHTCAP:USDX
by Easy_Explosive_Trading
USD INDEX - My 5 Cents @ Year End20SMA - Blue 200SMA - Pink Key Confluence Areas - Grey Lines Market Structure Support/Resistance - Green/Red Dashed Lines Dear Friends, your interest motivates me: If you find my analysis helpful, please boost and follow me for future analysis at your service. How I see it: Upwards we see Range Bound Confluence of Resistance + Overlapping Resistance above 108... ** WILL WE BREAK OUT THIS YEAR? ** WILL WE RESPECT THE RANGE AGAIN? I deeply appreciate you taking the time to study my analysis and point of view. KEYNOTE: The most important to consider always, before you leap: When you jump in the river, make sure you are swimming "WITH" the current!!
TVC:DXY
by ANROC