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DOLLARINDEX trade ideas

Technical Take: USD Support in Play across Key TimeframesAccording to the US Dollar (USD) Index, the USD finished the week on the ropes, down 1.8%. Despite the growing sense that US President Trump may not live up to the hype of his pre-inauguration statements – placing a question mark on USD upside – technical studies appear to favour bulls. Long-Term Technicals Favour Bulls Technically speaking, I have been banging the drum for monthly resistance at 109.33 for quite some time now, which, as you can see, recently entered the fray and held ground. For anyone interested, I am a staunch advocate of yearly opening levels, and 109.33 has demonstrated a solid track record as a support and resistance – extended from as far back as 2001. However, while a notable area, several technical factors support USD bulls. This includes the overall trend facing to the upside, clear (local) support at 105.91-107.39, both the 50-month (101.09) and 200-month (91.16) simple moving averages (SMAs) rotating higher (the 50-month SMA has also been north of the 200-month SMA since early 2017), and, finally, the monthly chart’s Relative Strength Index maintaining position north of the 50.00 centreline since 2021 (positive momentum), albeit scraping the threshold several times since 2023. Consequently, it would appear that sellers have their work cut out for them. Daily and H1 Support Enters the Fight Across the page on the daily chart, Friday wrapped up the session probing through bids at support from 107.77 (now marked resistance) and touched gloves with the 50-day SMA at 107.58, as well as a 61.8% Fibonacci retracement ratio at 107.24 (note that support is also present nearby at 107.05). Although you could argue that the earlier break of trendline support (extended from the low of 100.18) may fuel further technical downside, current support between 107.05 and 107.58 is not an area to overlook, particularly when it blends with the upper edge of monthly support (107.39). Were buyers to take control here, 107.77 resistance is an obvious hurdle before confirming a bullish scenario on the daily scale, while rupturing support could unearth another support as far south as 105.62. Shorter-term flow on the H1 chart is in a clear downtrend, consisting of a series of lower lows and lower highs. Given the break of clear lows around 107.70ish (blue oval area), this intensified downside pressure through tripped long positions and fresh breakout selling. I have been monitoring a key support level from 107.25 for a while, and I believe it may be a platform where buyers begin building a position. This is due to where we are trading from on the bigger picture (monthly and daily support) and fresh liquidity available from the break of short-term lows at 107.70. As you can see, together with the H1 support, a 1.618% Fibonacci projection ratio at 106.86 (harmonic traders may recognise this as an ‘alternate’ AB=CD bullish setup) and a 100% projection ratio at 106.84 (equal AB=CD formation) resides below current support, which buyers may use as their lower threshold to construct a support zone with 107.25. We have already witnessed some buying from 107.25 on Friday. Still, if the daily resistance from 107.77 is consumed, this would likely encourage buying and eventually pave the way toward the monthly resistance mentioned above at 109.33, closely shadowed by another layer of daily resistance from 109.53. Written by FP Markets Market Analyst Aaron Hill
TVC:DXYLong
by FPMarkets
Dollar Index (DXY) Analysis - January 21, 2025Dollar Index (DXY) Analysis - January 21, 2025 The Dollar Index (DXY) is currently trading at 108.70, up 0.90% from the previous close. The index is hovering below the key pivot point at 109.40, a crucial level that could dictate the next directional move. Immediate resistance stands at 110.20. On the downside, support is seen at 107.90, with further cushion at 106.80 and 106.00. You may find more details in the chart! Thank you and Good Luck! ❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
TVC:DXYShort
by KlejdiCuni
7
DXY(US Dollar Index)// Bearish Outlook, Reversal pattern confirm📉 DXY (US Dollar Index) Outlook 📉 DXY has broken the upward trendline with a significant gap down, forming strong bearish candles. A head and shoulders pattern at the top signals a confirmed reversal. The index is currently near the neckline and 200EMA, which serve as a demand zone and potential retracement point toward the trendline or second shoulder. 🎯Technical Targets: 105.90, 103.40 💡 Implication: The dollar is likely to decline toward its real value. 📢 Support Us: Like, comment, and follow for more insights. Kind regards, TrendLogic1
TVC:DXYShort
by TrendLogic1
1
DXY US DOLLER INDEX BEARS READY TO TAKE CONTROL (READ CAPTION)Hello Traders! Here is my (DXY) ANALYSIS Share Your Opinion About This Chart This trade setup is based on the Technical Analysis of the DXY Chart identified the down trade. Traders should exercise caution and consider there risk management before entering this trade. Now (DXY) Current trading in 107.800 and this position is trying to go down side 107.000/ to 105.000 so today we focus on Bearish trend. Resistance Level 108.500 Bear on the strike Key Levels: Trend: Bearish Sell Target Target 1) 107.000 Target 2) 106.000 Target 3) 105.000 Support Zone: 104.000/103.500 This Analysis is my personal opinion trade at your own risk please dont Forget to Like and Comment
TVC:DXYShort
by PUAL_TRADING_CLUB
DXY Will Go Down! Short! Take a look at our analysis for DXY. Time Frame: 8h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is approaching a significant resistance area 107.947. Due to the fact that we see a positive bearish reaction from the underlined area, I strongly believe that sellers will manage to push the price all the way down to 106.747 level. P.S The term oversold refers to a condition where an asset has traded lower in price and has the potential for a price bounce. Overbought refers to market scenarios where the instrument is traded considerably higher than its fair value. Overvaluation is caused by market sentiments when there is positive news. Like and subscribe and comment my ideas if you enjoy them!
TVC:DXYShort
by SignalProvider
1
**DXY Approaching Key Resistance – Potential Sell Setup**This DXY 1-hour chart suggests a potential sell opportunity around the 108.400 resistance zone. The price is approaching the marked "Possible to sell zone," and the analysis indicates waiting for bearish confirmation before entering a short position. Key Observations: - **Resistance Zone:** 108.400 area acts as a key resistance, previously causing reversals. - **Bearish Confirmation:** Suggested before entering a sell position. - **Downside Targets:** - **First Target:** 107.749 - **Second Target:** 107.444 - **Final Target:** 106.951 If price rejects this resistance with bearish price action, it could confirm a short setup. Conversely, a breakout above 108.400 may invalidate the bearish outlook.
TVC:DXYShort
by TRADE_CENTER_1
DXY BULLISH🚀🔥 BIG DOLLAR INDEX TRADE ALERT! 🔥🚀 💰💎 DXY LONG SIGNAL – HIGH-POTENTIAL MOVE! 💎💰 📍 ENTRY: 107.9 🎯 TARGET: 112 🎯🎯 🔒 STOP LOSS: Manage Risk Smartly! 🔍 WHY THIS TRADE? ✅ Bullish Momentum 🚀 ✅ Technical Breakout 📈 ✅ USD Strength Incoming 🌍💵 ⚡ DON’T MISS THIS OPPORTUNITY! ⚡ 📢 LIKE, COMMENT & SHARE TO BOOST THIS POST! 🔥 FOLLOW ME for more high-accuracy trade setups! 🔥 📊💹 #DXY #DollarIndex #ForexSignals #TradingSetup #TrendTicker #ForexTrader #BoostThisPost 🚀📈💰
TVC:DXYLong
by Bishnu_Newar
Weekly FOREX Forecast Feb 3 - 7th.This is an outlook for the week of Feb 3 - 7th. In this video, we will analyze the following FX markets: USD Index EURUSD GBPUSD AUDUSD NZDUSD CAD, USDCAD CHF, USDCHF JPY, USDJPY The USD Index is reacting to the Monthly and Weekly Supply Zone. The week before last was an aggressive bearish candle, followed by last week retracement. Although the week ended with a bullish close, it inside Supply. We could see price resume the bearish reaction to the HTF Supply this week. This could mean the majors may see bullish weeks against the USD. 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:DXY
by RT_Money
DXY - Waiting Guidance from FOMCDollar is currently sitting very close to Bearish trendline like EURUSD and it needs a catalyst to break above or reject from here. With FOMC expected to keep rates unchanged and remain Hawkish, there's a high probability that this will break up for a Bullish move. However nothing can be confirmed until news comes. Therefore please remain cautious when trading around News. For entries, please wait for at least two candle reversals at the specified level and apply appropriate risk management. If you found this analysis valuable, kindly consider boosting and following for more updates. Disclaimer: This content is intended for educational purposes only and does not constitute financial advice.
TVC:DXYLong
by MarketsPOV