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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 The US Dollar Index (USDX) is an index (or measure) of the value of the United States dollar relative to a basket of foreign currencies. These currencies are the Euro (constituting 57.6% of the weighting), Japanese Yen (13.6%), British Pound (11.9%), Canadian Dollar (9.1%), Swedish Krona (4.2%) and Swiss Franc (3.6%). The index started in 1973 -with the absolution of Bretton Woods- with a base of 100.000, and values since then are relative to this base. For example, if the current reading says 99.800, this means that the dollar has fallen 0.2% since the start of the index (99.800 - 100.000DXY trades with negative bias for the second straight day, though the downside seems limited. The Fed’s hawkish shift remains supportive of elevated US bond yields and favors the USD bulls. Geopolitical risks and trade war fears might contribute to limiting losses for the safe-haven buck.
TVC:DXYShort
by KingForex078
DXY FORECASTIn this forecast we are analyzing 1H time frame for finding the upcoming moves. Today I'm looking for buy opportunity. As we know that market create a clear break of structure and price continue moving upside. If this high is valid than market will need inducement or liquidity, so I'm expecting from market that price first came down and hunt previous SSL and than continue moves in upward direction. Let's delve deeper into these levels and potential outcomes. Use stoploss for your trade. Always use proper money management and proper risk to reward ratio. This is just my prediction. #DXY 1H Technical Analyze Expected Move.
TVC:DXYLong
by TradeTacticsreal
1
Mighty Dollar Eyes Further GainsThe US Dollar Index (DXY) commenced the new year on a strong note, breaking out of its consolidation phase and surging toward the 109.50 level on January 2. ◉ Technical Observations ● The daily candle close on Friday formed an inside bar bearish candle, indicating a potential pullback in the week ahead. ● Immediate support levels are situated between 107.50 and 107.00. ◉ Market Outlook and Key Events The US jobs report comes out on Friday and will be the main focus for the market this week. A strong jobs report could strengthen the US dollar, affecting emerging markets and commodities.
TVC:DXYLong
by NaranjCapital
1
Bearish drop?US Dollar Index (DXY) has reacted off the pivot and could drop to the 38.2% Fibonacci support. Pivot: 109.64 1st Support: 108 1st Resistance: 110.93 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:DXYShort
by ICmarkets
2
DXY Continues bullish momentum from 108.600For the DXY, I anticipate a corrective move, as the price has recently broken structure to the upside. This break has created new demand zones, which we can expect to act as strong support, allowing bullish momentum to continue. This week, my focus will be on the 8-hour demand zone around 108.600. If the price mitigates this zone, I’ll look for lower time-frame confirmation to enter a trade. My target will be the 8-hour supply zone above, where I anticipate some bearish pressure may emerge. However, if the price moves lower and breaches the 8-hour demand zone, I’ll shift my attention to the extreme 5-hour demand zone for a potential buying opportunity, aligning with the overall bullish trend. Let’s stay sharp and make the most of this week. Let’s crush Q1!
TVC:DXYLong
by Hassan_fx
1
Some Hints for investing; #DXYPossible direction of the dollar index(DXY) in the long term -- Caution: I do not believe in trading. Not only do I find it useless, but I strongly urge you not to lose your capital in the trading game. This war has only one winner and that is not you as retail traders. What causes capital growth in financial markets is the focus on investment, persistence in it and the use of compound interest. So, what I am giving you on this page will help you invest and trade in the right markets. At the same time, financial markets are full of risks. If you like gambling, the best place for you is the casino. As the picture on the monthly/weekly time frame shows, the dollar index is likely to rise, the initial target is the red area. Considering the likely upward movement of this index, pay special attention to the instruments that are against this index, such as stocks, metals, oil, etc.
TVC:DXY
by FarshidEMPTRD
DXY pullback to kick-off 1Q2024The 5th leg higher over the December period played out as predicted in my previous idea (link below) and the index is currently testing the 61.8% Fibo retracement level at 108.73. The RSI index is however hovering in the overbought zone which may be an indication of the start of a corrective wave lower to kick-off the 1Q2025. I expect the DXY to depreciate towards the support zone between 106.50 and 107.38 before the index makes another leg higher towards the 2022 high of 114.80. The support zone also coincides with the 50-day MA currently at 106.34.
TVC:DXYShort
by Goose96
THE US DOLLAR (DXY) // primary long expansionThe last impulse, that is visible even on the weekly chart, broke the weekly structure. The emerging countertrend only came back to 23.6, but tested the weekly (and H4) breakout, and turned up in the direction of the primary trend. This is the expansion phase with a target of 109.00, and it is valid until the structure breaks on H4. ——— We may not know what will happen, but we can prepare ourselves to respond effectively to whatever unfolds. Stay grounded, stay present. 🏄🏼‍♂️ Your comments and support are appreciated! 👊🏼
TVC:DXYLong
by TheMarketFlow
4
DXY Is Going Up! Long! Here is our detailed technical review for DXY. Time Frame: 9h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is approaching a key horizontal level 108.922. Considering the today's price action, probabilities will be high to see a movement to 110.143. P.S Please, note that an oversold/overbought condition can last for a long time, and therefore being oversold/overbought doesn't mean a price rally will come soon, or at all. Like and subscribe and comment my ideas if you enjoy them!
TVC:DXYLong
by SignalProvider
2
The DXY is currently in a critical position appears to be forming a harmonic pattern. Based on AB = 50% and BC = 161.8%, we expect the DXY to reach the D Point, where a significant reversal or continuation of the trend could occur. AB Leg: The DXY retraced 50% Fibonacci retracement, confirming a solid start to the harmonic structure. BC Leg: The second move (BC) extended to 161.8% Fibonacci extension, which is a key level for harmonic confirmation. DC Leg: We are now waiting for the price to reach D Point, likely around a Fibonacci retracement level such as 78.6% of XA. Once it hits that level, we can expect a strong reversal or a continuation of the trend depending on the market behavior. What to Expect? If the DXY respects the D Point, we could see a major reversal (USD either gaining strength or weakening, depending on the direction). If the DXY breaks above D Point, the harmonic pattern will fail, and the trend could continue in its current direction. Where to Watch for Risks: Look for confirmation signals like divergences or candlestick patterns at the D Point to avoid entering a failed trade. The DXY is currently in a critical zone, so wait for confirmation before taking action. Be cautious of a breakout above the PRZ (Potential Reversal Zone)!
TVC:DXYShort
by professionalgoldtrader
1