DXY is starting to target 108i think the dxy will start to increase till novemberLongby Bu_khaaliid116
Mid-term scenario for the dollar indexWe had a triangle pattern on the dollar index in the weekly timeframe that was broken. The index can pull back to the lower limit of the pattern and then reach the weekly demand.by mhbaniasadi5
The Mallicast team's analysis of DXY (U.S. Dollar Index) The analysis of the dollar index for the third week of September by the Mallicast team indicates that in the monthly time frame, the overall trend remains bearish, and the price floor can be considered around 99.538. However, in the daily and weekly time frames, a corrective move is expected. Therefore, the potential price ceiling is forecasted to be 101.340. Given these conditions, it is possible to anticipate a renewed upward movement in dollar-related currency pairs this week. Shortby mallicast1
$DXY and AltcoinsWill DXY go to the bottom of the channel or will it increase from here? It will increase, because of rate cuts. It avoided the bottom of the channel in 2018 because rates were increasing. Bullish for crypto. Longby Kicksmate115
After breaking down Trendline Dxy is consolidatingAfter breaking down Trendline Dxy is consolidating at range of 100.5 to 102by ZYLOSTAR_strategy0
DXY, Elliott wave analysisDXY, Elliott wave analysis Outlook for XAUUSD on 3D chart. There have been no changes since the last update. I think we are in sub-wave (3) of the upper degree wave ⅲ. The market remains volatile. The corrective wave may continue for a while. If it can break through a chanell line (Red), it will probably become bearish. Last time, my idea: Apr 21, 2024. Long-term analysis. Aug 25, 2024. Middle-term analysis. Shortby EWA-tokyo112
DXY SUPPORT AHEAD|LONG| ✅DXY is going down to retest a horizontal support of 100.500 Which makes me locally bullish biased And I think that we will see a rebound And a move up from the level Towards the target above at 101.388 LONG🚀 ✅Like and subscribe to never miss a new idea!✅ Longby ProSignalsFx112
DXY UPDATED w/ Eurozone Interest Rate & U.S. Jobless Claims originally posted here . 102.500 DXY in the coming weeks? The Eurozone has opted to keep interest rates stable at 3.65%, signaling a wait-and-see approach to current economic conditions. Meanwhile, U.S. jobless claims have come in 3,000 lower than expected, reflecting a stronger U.S. labor market. This divergence in data is likely to put pressure on EUR/USD, with the U.S. dollar gaining strength from robust employment figures while the Euro remains steady amid unchanged monetary policy. I’ll be watching for potential bullish DXY into the next trading sessions.Longby trader92240
DXY Bullish Bias: Price Action & Data AlignmentWhile U.S. economic data hasn't been stellar, it's still holding up well enough to support the dollar. Intra-week price action (8/26/24 - 9-6-24) reflects this, with strong upward movement indicating a continuation of the bullish trend. Keep an eye on key support levels and potential pullbacks, as this bias could persist heading into the coming weeks. Blue ATR is monthly Purple ATR IS weekly Longby trader9224Updated 2
USD - A Higher-Low for This Week After the Oversold W1 Read I had published an idea on the weekly oversold reading in DXY ( linked here: ) in late-August and as I said then, those are rather rare, and the last time we had one of those was in January of 2018. In that episode it took about three months of grind after the oversold reading for bulls to take over. And we haven't yet taken that low out since. But that's a single sample and RSI is a lagging indicator - so we have to be careful of drawing too much from that data. It does however highlight how the trade became crowded after a prolonged trend showed on a longer-term chart and as we've seen since the most recent instance, bears haven't been able to continue the move. And, as a matter of fact, there's been a more recent build of higher-lows. Last week showed a higher-low around the NFP release, and then this week showed a higher-low after the ECB 'rate cut rally.' The point of consternation here is USD/JPY and the carry trade. That pair hasn't yet touched the 38.2% retracement from the trend produced by the carry trade and that says that there could be much more to go. This is something that could be driven by next week's FOMC rate decision; and perhaps more important than whether its 25 or 50 bps is the question of how aggressive the Fed expects to be in November, December or through 2025 trade. This will be transmitted through the dot plot matrix and if it shows the FOMC leaning hard into a dovish posture, carry trades in USD/JPY could be further compelled to show greater unwind and that's something that could continue to drive the USD-lower. On the other hand, if the Fed takes more of a wait-and-see approach, carry trades could be a bit less alarmed and given the support that's just come into play in USD/JPY, there could be some short-cover from shorter-term traders that could lead to more of a bounce-type of scenario. Also of interest on the long side of the USD is just how elevated EUR/USD remains despite the fact that Europe isn't exactly in a more-healthy spot, economically speaking, than the US. - jsby FOREXcom5
DXY 12M Chart Bearish at Top Bands! (Must see chart) DXY could be looking at a gruesome bear market, I don't know when it will start and how it will look, but this seems to me like a VERY clear chart and direction for the future, long term. Not going to be buying USD soon! Perhaps GBP and Gold will pump huge, like cryptos! Shortby TheChartWhisperer1112
DXY ▬▬▬▬ FEDERAL FUNDS RATE ▬▬▬▬ 18/09/2024The beginning of the crypto season . A leading interest rate could be the start of a crypto bullish move And in my opinion, after a correction until the beginning of the new month, it can continue to decline again and suffer in the balance zone of 95 to 100.Shortby AM_Gaming222
Completion of the correction of the dollar index DXY.H4 13.09.24Completion of the correction of the dollar index DXY The dollar index has completed its upward correction and now we are waiting for a downside downdraft on the Fed on the 18th of September. In fact, the currency futures expiration has now passed and the gap that you see in the quotes is caused by a large divergence of forward point, that is a purely technical picture. Some suppliers may have different quotes by the numbers. From current levels +- I expect a correction up again and a continuation of the fall after Powell's speech on Wednesday 18 September. I do not set targets at the low yet, I will be looking at it in the processShortby KovachTrader116
DXY: Strong Bearish Bias! Sell! Welcome to our daily DXY prediction! We made our analysis today using SMC and ICT trading theories, which, combined with our trading experience all point to the downside. So we are locally bearish biased and the target for the short trade is 100.823 Wish you good luck in trading to you all!Shortby XauusdGoldForexSignals111
The 4HR USDX W-Bottom Rocketing USD - Today! I know it reads like a headline in a newspaper trying to sell the Sunday paper, but that is really not me. But I am also not the kind of person who finds keeping a good secret - a secret. We are all here on Tradingview to watch each other's backs in a risk management and learning experience kind of way, in relation to being a consistent and profitable trader. A couple of things to be aware of today in your Friday-trading. I am quite convinced that the USDX will be propelled upwards & finally through 101.85 causing a sustained breakout in the dollar over the next several days to a week. I see this occurring right before, at the open or within in an hour or 2 of the NY market session today. What reason(s) do I have to be propagating this type of fear and panic into Traders today. I will tell you right below! The 4HR W/Bottom is now properly formed. Well the finishing touches are being made to the right-side of the W as I write, which will give the dollar plenty of relative strength. Helping that cause? Well of course that would be the momentum -oscillators RSI & Stochastic's on the higher timeframes. I watch these a lot in my own trading because they warn me about supply/demand levels especially when commodities, currency's, stocks, metals etc, enter their overbought and oversold zones - for example the USD has been beaten down the past month or so and it's now oversold, but when something is oversold, provided that it's a commodity, currency or thing that people want and demand again, it's oversold state becomes one with increasing buyer demand at cheaper prices - then boom - breakout. I will be watching closely the Vix Index as well. I see it possibly breaking higher than 15% today and as for Gold - well after yesterday's shot-in-the-arm, I for one will be Shorting it back to 2430 to 2450 levels. Finally, take a look at the following current 4HR USDX chart. What I see occurring with the Oscillators' is that the RSI / Stochastic's on the 1HR, 2HR, 4HR Daily & Weekly Charts, will cross-up out of their oversold condition's concurrently and simultaneously, igniting the USDX off it's W-Bottom and smashing through 101.85 without so much as the blink of an eye. Maybe I am a looney you are thinking? Yes, but a looney who capitalises ahead of time.by Easy_Explosive_TradingUpdated 223
DXY-BUY strategy 3DAILY Heikin Ashi chartShort-term we still have some selling pressure, but looking at the future direction, it feels we may see a move beyond 102.00 again. Strategy BUY @ 100.85-101.15 and take profit @ 102.50 for now. SL based on your own risk appetite. Longby peterbokma2
DXYBoth weekly and DAily timeframe concluding that we have a strong Bearish Pennant Pattern on both timeframe so strong bearish momentum expected. Expecting TP at 99.650 as it is nicely aligned with previous structure.Shortby Primus0725Updated 0
DxyThe market printed out a nice impulse and corrections and then w and m pattern which currently it is abouve the m pattern if it rejects there we can expect more bullish momentum.Longby Primus0725Updated 1
DXY Will Go Lower! Short! Please, check our technical outlook for DXY. Time Frame: 12h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is testing a major horizontal structure 101.006. Taking into consideration the structure & trend analysis, I believe that the market will reach 99.601 level soon. P.S Overbought describes a period of time where there has been a significant and consistent upward move in price over a period of time without much pullback. Like and subscribe and comment my ideas if you enjoy them!Shortby SignalProvider114
rally drop setup loadingDXY H1 Price is in a down trend which recently broken below a price structure at 101.366 we are going to use this area as our key price during the NY session for any sell opportunities give that price retest this level. A price gap is seen which has been tested and respected by price and we are going to monitor price action area the gap expecting a spike in price towards our broken level as we consider the bearish pressure in current price movement. We are targeting the swing low at 100.538. Shortby cpointfx0
#DXY 4H On the 4-hour chart (4H) of DXY (U.S. Dollar Index), the price is currently in a downtrend, indicating a strong sell opportunity. Sell Levels: 101.200 - 101.500 The price has reached a potential selling zone between 101.200 and 101.500, which is acting as a resistance range in the current bearish trend. This is a strategic area to consider short positions as the market may struggle to break above this level. Target Level: 99.500 The expected downside target for this move is around 99.500, a key support area where the price might find some buying interest or consolidation after the bearish move. Key Factors: Downtrend: Lower highs and lower lows dominate the price action. Resistance: The price faces strong selling pressure near 101.200-101.500. Momentum: Indicators like RSI and moving averages suggest the trend is firmly bearish, with room to fall toward the 99.500 support. Trading Strategy: Entry: Look for short entries near the 101.200-101.500 range. Target: Aim for the 99.500 level as the profit target. Stop-loss: Consider placing a stop-loss above 101.500 to manage risk effectively. This setup offers a favorable risk-to-reward ratio in line with the ongoing downtrend.Shortby PIPSFIGHTER5
DeGRAM | DXY rebound from the retracement levelDXY is moving under an ascending channel between trend lines. The price has reached the lower boundary of the channel and 62% retracement level. We expect a rebound. ------------------- Share your opinion in the comments and support the idea with like. Thanks for your support!Longby DeGRAM116