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DOLLARINDEX trade ideas

DXY Holds Above Channel Support: Next Leg Higher?Hey Traders, The U.S. Dollar Index (DXY) is consolidating just above a strong support cluster around 97.325, aligned with ascending channel structure and historical demand. Price action is suggesting a potential bullish continuation if this support zone holds firm. Current Market Conditions: * DXY is trading within a well-defined ascending channel, maintaining higher highs and higher lows. * Price is currently hovering above the 97.325 key support area and mid-channel dynamic trendline. * Recent candles show rejection from the lower boundary of the bullish channel, indicating buyers may be stepping in again. * Structure remains bullish unless price closes decisively below 97.325. Fundamental Analysis/Outlook: The dollar remains buoyed by persistent inflation pressures and Fed Chair Powell’s continued hawkish tone. Markets are pricing in fewer rate cuts in the near term, reinforcing USD strength. Today’s USD resilience is also supported by mild risk-off sentiment ahead of U.S. CPI data and Powell’s congressional testimony, which could further move the greenback. Targets: * TP1: 97.756 * TP2: 98.085 * TP3: 98.373 Risk Management: * Stop-loss: Below 97.325 to invalidate bullish structure. * Risk-to-Reward (R\:R): Minimum 1:2 setup. Consider adjusting position size based on support behaviour and macro event volatility. Technical Outlook: * Price needs to hold above 97.421–97.325 zone to maintain bullish bias. * Watch for bullish engulfing or momentum candles as confirmation for long setups. * A break above 97.630 could accelerate the rally toward higher resistance at 98.373. Conclusion: DXY is at a decision point. If bulls maintain control above 97.325, the index could push higher toward the 98.00+ zone. Keep an eye on U.S. economic data and Fed commentary for directional confirmation. Sign-off: “In markets, clarity often lies just beyond the fear. Trade the levels, not the noise.” 💬 Let me know your thoughts in the comments, and don’t forget to boost and follow for more insights. Trade safe!
TVC:DXYLong
by SignalSage_Ben
Could the price reverse from here?US Dollar Index (DXY) is rising towards the pivot and could reverse to the 1st support which acts as an overlap support. Pivot: 98.09 1st Support: 97.38 1st Resistance: 98.49 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
DXY LOCAL SHORT| ✅DXY is about to retest a key structure level of 98.000 Which implies a high likelihood of a move down As some market participants will be taking profit from long positions While others will find this price level to be good for selling So as usual we will have a chance to ride the wave of a bearish correction SHORT🔥 ✅Like and subscribe to never miss a new idea!✅ 

 Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
TVC:DXYShort
by ProSignalsFx
1
DXY 4Hour TF - July 13th, 2025DXY 7/13/2025 DXY 4hour Neutral Idea Monthly - Bearish Weekly - Bearish Dailly - Bearish 4hour - Ranging Keep in mind, we analyze and follow DXY more so as an indicator. The USD makes up for a large portion of trade so it makes sense to analyze it. Going into this week we can see DXY made an attempt to push higher. Where it closed on Friday is a major zone around 98.000. We’re still majorly bearish on higher time frames so we will keep that in mind throughout this week. As always, we will mark up two potential paths for this week, they are as follows: Bullish Breakout - The two main zones we want to bring out attention to are 98.000 resistance and 97.500 support. We will have to wait until price action leaves this area to spot a high quality setup. Look for a convincing push above 98.000 resistance followed by a retest of 98.000 but as support. Look for a higher low to form with bullish confirmation to long on. Bearish Continuation- Going bearish is still very possible we just need to clear 97.500 support first. Look for a break below 97.500 with a confirmed lower high and convincing bearish setups to short on.
TVC:DXY
by ForexLeague
DXY Previous weeks analysis and July 13 week ahead ideasDXY July 13 July 7 to 11 DELIVERY NOTES I suspected that price would gravitate for higher prices in last Sundays analysis, celebrate on *up closed candle on the weekly, rebalancing SIBI from June 23 week *Price retraced to close on equilibrium on the current range *Monday delivered an expansion *Tuesday retraced to Monday CE of the daily candle *Wednesday consolidation *Thursday retraced to a discount then reversed to take Mondays buy stops *Friday expansion to make the high of the week closing on the CE of the FVG from Wed June 25 July 14 to 18 Ideas Bear bias *Since July 2 Price has been seeking higher prices, further example of trending market *Price reaching equilibrium on the HTF range and buy side taken last week *I suspect that price will retrace for sell side liquidity this week *I anticipate for Price to gravitate towards the EV at 97.430 for the low target this week, possibly the noted equal lows from Monday July 7 *Friday's delivery was a in consolidation pattern *Sundays delivery could gravitate to the noted equal highs and noted FVG *I suspect that Price will expand to seek lower Prices for Mondays delivery *Price expand higher in Sundays delivery, we could see Price retrace Fridays in FVG No News Monday and Friday
TVC:DXY
by LeanLena
DXY-Technical Analysis DAILY Timeframe 📊 DXY – Technical Analysis (1D Timeframe) 🔷 Overall Trend: The Dollar Index (DXY) has been in a strong downtrend for several months, forming multiple confirmed Breaks of Structure (BOS) to the downside. However, recent price action is showing signs of momentum loss and potential exhaustion from sellers near the current lows. 🟡 Market Structure: Price recently formed a lower low, but momentum indicators are showing bullish divergence — suggesting the downward pressure is weakening. A small bullish reversal candle has printed, indicating potential short-term buying interest. There is no confirmed bullish CHoCH yet, but structure is starting to slow down and compress — signaling a possible shift. 📉 Indicators (RSI ): RSI is rebounding from oversold territory, showing potential early reversal signals. The confirms bullish divergence and shows fading bearish momentum. Overall, sellers are showing reduced strength, increasing the chance of a corrective move to the upside. 🔹 Key Levels: Immediate resistance zones: 🔹 97.23 and 97.73 — key levels to watch for bullish continuation. Major support: 🔻 96.34 – 96.50 — current low area that if broken, will confirm further downside. ✅ Conclusion: While DXY remains structurally bearish, the recent bullish divergence, loss of selling momentum, and RSI recovery suggest the potential for a short-term correction or bounce. A confirmed CHoCH and break above 97.73 would signal a potential shift to bullish structure. If price fails to break resistance and drops below 96.34, the bearish trend is likely to continue. 🟢 Scenario Table: Scenario Trigger Implication Bullish shift Break above 97.73 with CHoCH Potential trend reversal Continuation bearish Break below 96.34 Downtrend continuation Disclaimer: This analysis is for informational and educational purposes only. It does not constitute financial advice or a recommendation to buy or sell any asse
TVC:DXYLong
by AliSMA25
Dollar looks ready to blast off...we'll see if its a risk assetBasic, strength and pattern analysis. Dollar appears to be completing its Primary A wave of a cyclical correction. Strength has built up, the pattern looks right, and leave it to a large magnitude A wave to complete in a no man's land of Fib support...(ABC extension corrective not pictured). I would expect a run back up to the Intermediate B over the next 6-8 months, and maybe even higher. One more low is possible, but not necessary...neither from a pattern perspective, nor from a strength perspective, although I have a little extension box below in green, and if it is to extend, that is the target.
TVC:DXYLong
by CuzDelux