Dollar index is in upchannelDollar index is in upchannel. It may continue its upward momentum since upcoming Trump's policies are making US dollar bullish.
DXY trade ideas
Psychology tips shouldn't be depressing. Psychology. Developing it changes how you see markets and this changes how you trade it.
- 3 Market Types (Who are you dealing with?)
- Industry Structure
- Price Structure & Trend
This is a SUPER quick overview of these three points, but start here, and be sure to look out for more advance in-depth conversations.
DXY correctioncompleted the Elliot 5 waves. as you can see exactly based on it moved.
it would start the correction for ABC wave. after confirmation we will proceed to hunt it.
DXY WEEKLY As the FVG is being traded to in the weekly, I am anticipating a run on liquidity on the sellside
DXY Trading JournalDXY Trading Journal
Jan 17
Price is delivering to a discount on the previous days range. I would like to see Price come down to the equal lows before rallying to rebalance the hour FVG at the 50%
No news today so it could a side ways day.
The dollar is in the last wave, meaning that the dollar will risThe dollar is in the last wave, meaning that the dollar will rise to a new peak, possibly 113.00.
DXY Short1)Trend defined. 4h Downtrend.
2)Contradictory limit order entry. At the upper extreme of the previous 1h consolidation range.
3)Default loss. Above the shakeout of the range.
4)Default target level. 4.82.
5)Risk <= 3%.
6)Singular trade.
7)Trades placed today <= 5.
Long Term Portfolio AddsAMEX:GLD was added back on the 3rd of January. I wrote an article on TradingView and on my website explaining why I like the add. Next is NASDAQ:TSLA , which is prime of a break out after a complex pullback both on the daily and the weekly. Lastly, TVC:DXY is showing strength with a tight and fast trend on the weekly and a pullback setup on the daily.
Dollar strength stopped as December CPI cools
The dollar retreated further as the deceleration in core CPI for Dec increased the likelihood of a Fed rate cut. According to the CME FedWatch, the probability of a rate cut in June FOMC rose to 67% from 57%. Richmond Fed President Thomas Barkin stressed that inflation is approaching the 2% target again and price pressures were continuing to slow.
Failed to hold EMA21, DXY consolidates near the 109.00 threshold. The index briefly broke below EMA78 and the trendline, indicating the possibility of a bearish transition. If DXY fails to hold EMA78 and the trendline, the index may fall further to the support at 108.30. Conversely, if DXY breaches above EMA21, the index could regain upward momentum toward the 110.15 high.
CPI TRADE ON DXYHello guys !
As DXY rejected our support
So we have very high chances it for to rise up to 110100
Will the DXY Hold the $109 Level Amid Bearish Patterns and CPI?The DXY is currently forming a bearish chart pattern as it awaits the release of today's CPI data. The key question remains: will the $109 support level hold firm, or is a breakdown imminent? I’d love to hear your analysis and insights on this critical matter.
DXY demanding area to buy it, Read caption for more...Hello fellow traders share your opinions about this setup thanks for your support.
I have prepared this chart and it represents DXY on a 4-hour timeframe, more you can read bellow.
1. Price Channel (Yellow Zone): The price is moving within an ascending channel, indicating a short-term uptrend.
2. Resistance Zone (Red Area) : Positioned near the 110.500 level, this acts as a potential area where the price may face selling pressure.
3. Demand Zone (Green Box): Located around 109.100, this serves as a support level where buyers might step in.
4. Support Zone (Lower Green Box) : Positioned around 107.500, it provides a more significant area of demand.
5. Target Zone (Blue Box): Highlighted as a potential area where the price may rebound to if it bounces off the demand zone.
Shortly the price may be bullish from the current area if not then it has a demand zone between 109.032 to 109.228
Key levels
DXY buy from 109.200- 109.500
Target at 109.850
SL at 108.821
Note; This is for educational purpose not a trading advice.
Kindly support me like comment and share the ideas.
dxy went down to the second hall in front of him resistance downdxy went down to the second hall in front of him resistance down
dxy sell tradeThe Relative Strength Index (RSI) is showing a downward trend, indicating weakening momentum. Additionally, the Moving Average Convergence Divergence (MACD) is showing a bearish crossover, further supporting the potential for a downward move
DXY (US Dollar Index) 4H Timeframe AnalysisDXY (US Dollar Index) 4H Timeframe Analysis
Trend Analysis
On the 4-hour timeframe, DXY is currently in an uptrend, with price action recently breaking through a major key resistance level at 108.900, which is now acting as a strong support. This breakout marks a potential continuation of the bullish trend. The market has formed a clear 3-bottom reversal pattern, indicating strong buying momentum as price pulls back for a liquidity hunt below the minor key support.
Currently, the price is in a consolidation phase near the liquidity zone, ready to test the minor key resistance at 109.040. If the price breaks above this resistance after the liquidity hunt, we expect continued bullish momentum toward the next resistance level at 110.290.
Price Action Expectation:
Our objective is to wait for a price manipulation period at the liquidity zone, where we expect a brief dip to liquidate all buyer stop-losses. After this, we anticipate a strong rebound and a potential breakout above the minor key resistance.
Wait for price to break above the minor resistance at 109.040.
Look for confirmation of a bullish continuation with increased volume as the price reacts to any positive economic news, such as strong retail sales and low unemployment claims.
Expect the price to rally toward the next significant resistance level at 110.290.
Trade Setup:
Trade Type: Buy Stop (Breakout Entry)
Entry: 109.040 (after a confirmed breakout above minor resistance)
Stop Loss: 108.550 (below liquidity zone to avoid false breakouts)
Take Profit: 110.290 (next significant resistance level)
News Catalyst
The upcoming economic data, such as Core Retail Sales and Unemployment Claims, could have a significant impact on the USD. A positive retail sales number (forecasted at 0.5%) would likely support the uptrend in DXY, as would a lower-than-expected unemployment claims number (forecasted at 210K). Strong data from these releases would reinforce the bullish sentiment for the USD, pushing DXY towards the next key resistance.
Conclusion:
DXY shows strong bullish potential based on a clear trend break and positive economic data outlook. The strategy focuses on waiting for the breakout confirmation, entering at a strategic point, and riding the momentum toward the next resistance level.
Risk Management:
Maintain a 1:2+ risk-to-reward ratio to optimize trade outcomes.
Position size should align with your account equity to manage risk effectively.
Monitor economic news closely, as it could influence short-term market fluctuations.
Trading involves significant risks and is not suitable for all investors. Always: Seek advice from a financial professional if unsure about trading decisions.
DXY BEARISH STILL 107.000Hey there on 2HTF we can see DXY will touch sell zone now and we can expect near go 107.000
1. On DXY limit for bearish level is 109.700 and other support 109.900
2. When the possibly bullish candle will seems there demand support zone
Will be 107.300
We can see some manipulation in these days
Good luck🤞🤞
Can the Dollar Index Predict Global Chaos?In the intricate dance of global finance, the U.S. Dollar Index has emerged as a pivotal player, reaching heights unseen in over two years. This surge, coinciding with Donald Trump's anticipated return to the White House, underscores a market bracing for significant policy shifts. The index's climb is not just a number; it's a beacon reflecting the resilience of the U.S. economy amidst high interest rates and a low unemployment rate, painting a picture of optimism where investors envision a 'goldilocks' scenario under new economic policies.
However, this rise is shadowed by tariff threats, hinting at potential global trade disruptions. The depreciation of European currencies against the dollar signals a market in flux, with investors recalibrating their strategies in light of possible protectionist measures. This scenario challenges us to ponder the broader implications: How will these tariffs reshape international trade dynamics, and what does this mean for the global economic order that has favored open trade for decades?
The Dollar Index's ascent also prompts a deeper reflection on currency as a barometer of geopolitical stability. With the U.S. potentially stepping into a new era of economic policy, the world watches closely. This moment invites investors and policymakers alike to consider global economic relations' immediate impacts and long-term trajectory. Will this lead to a reevaluation of the dollar's role as the world's reserve currency, or will it strengthen its position amidst global uncertainties? This question is not just about economics; it's about understanding the undercurrents of power and influence in a world at a crossroads.
Dollar breakout means trouble for traditional markets- long consolidation that has been resolved to the upside confirming re-accumulation
- weekly anomalies (white stripes) have been nothing but buys which indicates the health of the overall uptrend
- confirmed break of the head and shoulders formation on the SPX (comments)
#DXY bullish dollarstrong economic activity and interest rate hike decision offers bullish momentum. Expected to move to the previous monthly highs!! BUY Low.
It will take some time .
DXY Trading JournalDXY Trading Journal
Jan 13
Price is in a Premium. Price is rebalancing a HTF M SIBI. Price ended Friday in consolidation in a Premium.
I would like to see come up take buy side liquidity out and then seek the 50% possibly rebalance Fridays FVG.
Could be a side ways day high resistance delivery after NFC and no red folder today.
U.S. Dollar Index . 1W Hello dear traders and respected companions!
I always keep an eye on the DXY chart because it is one side of all the currencies in the world. Friends, this is an important chart, and its key time frames are monthly, weekly, and daily. During President Bush's term, an important event occurred where we had a Break of Structure (BoS) in the monthly chart. The chart moved upwards hastily without correction to reach the upper imbalance. The Order Block Extreme was successfully met, but the Order Block Extreme is still intact.
I’m watching to see what happens to this important Order Block after the price reaches it. With the presence of President Trump, I hope this economy makes proper reforms and I expect it to create a Change of Character (CHOCH) on a monthly basis. Then, I will wait for a major economic correction to happen, but perhaps with the price hitting this important Order Block, we may have a significant correction and then see a logical and stable upward movement from this economic chart! In summary, friends, whenever this correction is about to start, it’s time to buy in other currencies, especially for long-term and significant investments. We need to be prepared; my team and I are actively following it and we will continue.
The situation in the weekly timeframe is very bullish and moving towards BoS. If I see any changes in this trend, I will update all of these points.
Quick Conclusions:
Attention to the DXY chart: This chart has a profound impact on global markets, and analyzing it is essential.
Order Block Extreme: We must pay attention to the price reaction in the daily timeframe after it hits this Order Block!
Monitoring the economic situation: Given the political and economic changes, we expect corrections in the near future.
Readiness for buying: The best time to purchase in other currencies is when corrections begin, and we must be prepared for long-term investments.
Thank you for your support!
Fereydoon Bahrami
"A retail trader in the Wall Street trading Center (Forex)."
DXY Is Going Up! Long!
Please, check our technical outlook for DXY.
Time Frame: 12h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is testing a major horizontal structure 109.638.
Taking into consideration the structure & trend analysis, I believe that the market will reach 111.019 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!
DXY Strongly Bullish:DXY Strongly Bullish
The DXY (US Dollar Index) is currently showing a strong bullish momentum. I do not expect the price to retrace back into the monthly breakout gap unless the extreme high is taken out first. With the ongoing strength in the US Dollar, the market is likely to continue pushing higher, especially if the price holds above key support levels. The bullish trend is intact, and any pullbacks might be shallow before the next leg up. Traders should remain focused on higher targets, monitoring for any significant shifts in market structure that could signal a reversal. The key point is that the extreme high must be taken out for the continuation of this strong bullish trend.
