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US DOLLAR CURRENCY INDEXUS DOLLAR CURRENCY INDEXUS DOLLAR CURRENCY INDEX

US DOLLAR CURRENCY INDEX

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DXY makes it to the most important resistance zone.H4 12.11.2024💸 Dollar Index DXY makes it to the most important resistance zone 📉 The dollar index still managed to break through to the most important resistance zone 105.80-106.35 from which I expect a medium-term reversal. Honestly, I didn't think it would be pushed to it, but as it is. Other currencies against the dollar have almost reached their reversal zones, lacking the final rebound. As for me, the level of 106 on the index and the area near it is strong. The situation is a copy of 2016, when the index was also pushed hard, and then a long-term reversal was made to weaken it. TVC:DXY
TVC:DXYShort
by KovachTrader
Bullish rise?US Dollar Index (DXY) has reacted off the pivot which has been identified as a pullback support and could rise to the 1st resistance which acts as a pullback resistance. Pivot: 104.42 1st Support: 103.45 1st Resistance: 106.04 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary. Disclaimer: The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
TVC:DXYLong
by ICmarkets
DXY Is Very Bearish! Short! Please, check our technical outlook for DXY. Time Frame: 9h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is on a crucial zone of supply 105.886. The above-mentioned technicals clearly indicate the dominance of sellers on the market. I recommend shorting the instrument, aiming at 104.561 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:DXYShort
by SignalProvider
1
sell opportunityTrade Analysis: We are looking for a potential short (sell) opportunity on the at 106.200. The market has recently faced strong resistance around this level, and we believe it is a key turning point for further downside. Key Levels: Resistance: 106.200 (Potential Sell Zone) Support/Target 1: 102.400 (First Take Profit Level) Support/Target 2: 100.170 (Second Take Profit Level) Stop Loss: 107.500 (To protect against further upside movement) Technical Overview: Bearish Sentiment: Price is facing resistance at 106.200, and indicators (RSI, MACD) show overbought conditions, suggesting a potential pullback or reversal. Risk/Reward: A risk-to-reward ratio of 1:2+ (based on entry at 106.200 and first take profit at 102.400). Market Bias: The overall market bias is bearish, with recent price action confirming a potential move lower towards our targets.
TVC:DXYShort
by GODOCM
Dollar's Winning Streak: Will CPI Data Fuel the Fire?The US dollar is on a tear, caused by "Trump trade" optimism and robust economic data. But will this bullish momentum persist? We analyze the key drivers behind the dollar's strength and explore the potential impact of upcoming economic events. The "Trump Trade": The US dollar's recent surge is intricately linked to the market's anticipation of President Trump's economic agenda. Investors are betting on tax cuts, infrastructure spending, and potential tariffs to stimulate growth and potentially fuel inflation. This expectation has triggered a wave of capital inflows into the US, driving up demand for the dollar. US Economic Resilience: Beyond the "Trump trade," the dollar's strength is underpinned by the resilience of the US economy. The labor market remains robust, with low unemployment and steady wage growth. Consumer confidence is also high, supporting continued spending and reinforcing expectations of persistent inflation. This combination of factors creates a favorable environment for the dollar, attracting investors seeking higher yields and a safe haven in an uncertain global landscape. Inflation Data Ahead: While the dollar's outlook appears bright, the upcoming US CPI inflation data could be a game-changer. A strong inflation reading would validate the market's expectations and likely encurage the Federal Reserve to maintain its hawkish stance, potentially leading to higher interest rates for longer. This scenario would further solidify the dollar's dominance. Conversely, if inflation disappoints, it could cast doubt on the need for aggressive monetary policy, potentially undermining the dollar's momentum. Traders will be closely scrutinizing the CPI figures for clues about the Fed's policy trajectory and the dollar's future direction. Technical and Fundamental Outlook for Major Pairs: EUR/USD: The euro is struggling against the surging dollar, hampered by a dovish ECB and a bearish technical picture. A head and shoulders pattern on the weekly chart points to further downside, with key support levels at 1.07 and 1.0660. A break below these levels could open the door to 1.0500. GBP/USD: The pound is also facing headwinds from a strong dollar and concerns about the UK economy after the recent BoE rate cut. Technically, GBP/USD is in a downtrend, with support at 1.2850. A break below could target 1.2700, while a weaker dollar (if CPI disappoints) might lift the pair back to 1.30. AUD/USD: The Aussie is caught between a strengthening dollar and worries about China's slowdown. It's currently holding above crucial support at 1.6550. Keep an eye on Aussie jobs data and US-China trade developments for clues about its next move. NZD/USD: The Kiwi is under pressure from RBNZ rate cuts and broad dollar strength. A bearish technical pattern suggests further downside potential, with the 0.5900 level as a key target. This is a market analysis, not trading advice. Trade responsibly and do your own research.
TVC:DXYLong
by E8Markets
IDEA FOR NEXT WEEK.The U.S. Dollar Index (DXY) closed the week up 0.61% at 104.951 after reaching a high of 105.441 and a low of 103.373, marking a strong finish amid fresh speculation around Trump’s economic policies and the Federal Reserve’s rate cut. With markets anticipating Trump’s potential pro-growth and inflationary policies—such as increased tariffs and deregulation—the dollar surged as traders recalibrated their inflation outlooks. The dollar’s gains reflect traders’ positioning for inflationary pressures that could affect the Fed’s future rate path.
TVC:DXY
by EZIO-FX
DXY Bullish trend continue**Monthly Chart** The Sept 24 candle formed an inside candle after it swept the liquidity from the previous candle low and tested the low of the July 2023 monthly candle at the midpoint of April 22 Fair Bullish Value Gap (IPA). The Oct 24 candle closed as a bullish engulfing candle, suggesting a strong bullish move for DXY in the next few months. This month's candle (which is still active) continued the strong bullish move for the DXY and took the liquidity above 106.49 and 107.34. I am still expecting DXY to at least move to test 110.00 before looking for any bearish structure. **Weekly Chart** Last week's candle closed bullish after swept liquidity above 107.348 level. Since DXY already took the liquidity. For Now, for DXY to continue the upward trend, it needs to form a bullish structure on smaller time frames for one more bush higher at least to test the low of 24 Oct 2022 weekly candle at 109.535 level. **Daily Chart** I would like to see DXY retrace lower at least to test 0.50 or 0.618 Fibs levels and FVG on the daily chart and form bullish confirmation for another push higher this week. This means a bearish continuation for opposite pairs to USD. Such as GBPUSD, EURUSD, AUDUSD..etc. Note: I don’t trade DXY but I use it as an indication when analyzing other currency pairs linked to USD.
TVC:DXYLong
by PropSignals
Weekly Forex Forecast Nov. 25-28th: USD INDEX Is Still Bullish!November 25 -28th The DXY is still showing strength, but can pull back at any time. After breaching a Swing High, a pullback is naturally expected. But until it gives a bearish BOS, I am still buying the USD. Don't be too quick to start selling! Check the comments section below for updates regarding this analysis throughout the week. Enjoy! May profits be upon you. Leave any questions or comments in the comment section. I appreciate any feedback from my viewers! Like and/or subscribe if you want more accurate analysis. Thank you so much! Disclaimer: I do not provide personal investment advice and I am not a qualified licensed investment advisor. All information found here, including any ideas, opinions, views, predictions, forecasts, commentaries, suggestions, expressed or implied herein, are for informational, entertainment or educational purposes only and should not be construed as personal investment advice. While the information provided is believed to be accurate, it may include errors or inaccuracies. I will not and cannot be held liable for any actions you take as a result of anything you read here. Conduct your own due diligence, or consult a licensed financial advisor or broker before making any and all investment decisions. Any investments, trades, speculations, or decisions made on the basis of any information found on this channel, expressed or implied herein, are committed at your own risk, financial or otherwise.
TVC:DXYLong
by RT_Money
DXY in monthly chart (An idea for decades) Hello What I want to discuss might be a little confusing for some you or unrealistic for other ones but I myself believe in it. I do not talk about Fundamental or any logics stand behind this chart but it's just an analysis in the aspect of EW. Dollar started its rally from 2008 and what has made is definitely a motive wave that can be wave 1 or in bigger scale wave A. If we consider it as wave 1/A which has taken 5300 days to finish so we can expect a reasonable correction for its wave 2/B even it becomes a Zigzag. It means that I expect more complex pattern for wave 2/B. Next point is the structure of wave 1/A which makes me anxious because if it was wave A what would happen after its wave C. To be simpler, if it is wave A, so we are in a bearish ABC for DXY and after this correction completes it must continue its bearish trend to ZERO that is impossible. Some say that it happens when Dollar is replaced with something else but I am not sure about it. The Second scenario is that it is wave 1 bullish and after this correction (in where we are now) the biggest rally starts for Dollar. It may take a few years to be disclosed. Thanks Thanks
TVC:DXY
by AMA_FX