Sell DXY A strong supplu level here
Weekly , monthly overbought
Just wait to sweep high then enter into sell trade
DOLLARINDEX trade ideas
here is an analysis for the DXY (U.S. Dollar Index) on the 30-m
Based on the chart provided, here is an analysis for the DXY (U.S. Dollar Index) on the 30-minute timeframe:
### Observations:
1. **Resistance Zone (Blue Area)**:
- The price is approaching a marked resistance zone around 109.000.
- The annotation "wait for bearish confirmation" suggests this level is significant, and traders are looking for signs of reversal (e.g., bearish candlestick patterns or failure to break above).
2. **Key Levels**:
- **109.000**: Strong resistance zone where selling pressure is anticipated.
- **108.600-108.400**: A support zone below, indicated by green shaded areas.
- **107.800**: A major lower support zone, indicating where buyers might step in strongly if the price drops significantly.
3. **Market Structure**:
- **Higher High (HH)**: The price has created a higher high, indicating bullish momentum in the short term.
- **Change of Character (ChoCh)**: Highlighted earlier in the chart, signaling a shift from bearish to bullish structure during the recent recovery.
4. **Potential Scenarios**:
- If the price forms bearish confirmation at the resistance zone (e.g., double top, bearish engulfing), a sell-off might be expected toward the first support level around 108.600.
- If bullish momentum continues and the price breaks and retests above 109.000, it could target higher levels.
### Strategy:
- **For Selling**:
- Wait for bearish confirmation around 109.000.
- Potential targets could be the support zones at 108.600 and 108.400.
- **For Buying**:
- Monitor if the price respects the support zones (108.600-108.400) and shows bullish signs for potential entries.
- If price breaks below these support zones, consider 107.800 as the next key level.
DXY (U.S. DOLLAR INDEX) | 1 DAY | UP AFTER THE PULLBACKHi there, dear friends,
I’m sharing my analysis of the U.S. Dollar Index - ( TVC:DXY ) with you. Key points have been carefully highlighted on the chart. Right now, we’re seeing a pullback, but I’m anticipating an upward movement following this phase.
If you’d like to see more analysis like this, don’t forget to hit the like button.🚀
Thanks a lot 🙏🏻
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DreamAnalysis | 2024 Comeback Shakes Markets🌎 Global Market Impact from the US Presidential Election
With ballots still being counted, the financial world is buzzing with anticipation over Donald Trump’s possible return to the White House. This election has set off movements in stocks, the US dollar, forex pairs, and cryptocurrencies, affecting global markets even before an official result is announced.
🚀 Bitcoin Surges to All-Time High
Bitcoin spiked to an unprecedented $75,000 as market confidence grows around Trump’s chances. With Trump’s support for crypto-friendly policies, this is seen as a bullish indicator in the digital assets space.
DeGRAM | DXY movement is in a rangeDXY is in a range, in an ascending channel between the trend lines.
The price is moving from the lower boundary of the channel and is now testing the support level.
The chart maintains an ascending structure and is now holding in the accumulation zone after the correction. At the moment the indicators have formed a bullish convergence on the 1H timeframe.
We expect the price to rise if the index consolidates above the current range.
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DXY TRADING SETUPDXY TRADING SETUP
Confirmation are in sight!
Get ready for a potential DROP!
Stay tuned for updates and confirmation signals!
LongerDXY is setting up to get close to 110. it will face resistance around that level. You can call the pattern a raising broadening wedge.
check the trendIt is expected that the upward trend will continue to form until the specified resistance levels. Then there is a possibility of a trend change
DXY Looking Like It's Setting Up Towards Bearish Liquidity Grab! What's Up Chat, Welcome Forex Traders, Degens, & Investors.
Let's jump right in, Dollar looks bullish however we're currently giving it time for it to consolidate, grab as much upside liquidity as possible, before it decides to have a trend reversal.
{VISUAL GUIDE:}
Eclipses: Have a Letter "M" or "D" Indicating Gaps in either the Monthly time frame or the Daily time frame.
Black Lines: Represent Active Monthly liquidity.
Blue lines: Represent Active Weekly liquidity.
Yellow lines: Represents Active Daily liquidity.
White lines: Represents Active 4HR liquidity.
Green Landscape Line: Represents Trumps inauguration.
Red Landscape Line: Represents 1st Lunar Cycle, FOMC, & Possible Psyop incoming which all has negative sentiment.
In continuation, we're looking to sell the dollar, but are being patient to be able to snipe it at the right time.
It would be smart to open up a position for a sell around this level, & if you're trading EUR/USD enter a buy position at this level. Small risk as were waiting to DCA, if market gives us a better price point.
This is measuring out to be a 400-600 pip move to the downside 5-6% Bearish move or more.
US Dollar Index Short Term Sell IdeaH4 - Bearish trend pattern followed by a pullback
Until the two strong resistance zones hold my short term view remains bearish here.
DXY short: Is USD strength coming to an end?In this chart, I plotted the potential Elliott Wave counts. But I need to point out the few things that I don't like about this count first:
1. Wave 1 down seemed too short to be supporting such a huge triple combination correction.
2. Wave 1 end is not the lowest point. The lowest point being end of first X wave (I can't find a way to force a 5-wave counts such that first wave ends on the first X wave simply because W-X is clearly a 3-wave. The best I can do is to have a 5-waves down that ends at first green a but that makes the subsequent corrective structure ugly.)
In any case, this is now a low risk short. Stop above recent high. The next potential short is where the upper trendline is.
DXY Trading JournalDXY Trading Journal
Jan 6
Execution analysis
Price is delivering to a premium on the M, W, Daily charts.
Yesterday Price delivered from a premium to discount gravitating to the NWOG and noted equal lows, also creating more equal lows. Price then bull rallied to rebalance the H FVG for the finish.
Great delivery.
DXY Trading JournalDXY Trading Journal
Jan 8
Price is delivering to a premium on the M, W, Daily charts.
2 back to back large range days of Price delivery. I suspect that could consolidate during Asia possible London with the onset of 3 red folder scheduled in NY session
that said I suspect that price will come down to the H FVG at the 50% possibly seek the second H FVG at the .79. Price could also be gravitating to the NWOG and seek equal lows noted.
Cool to see Price consolidate around the event horizon and I will be watching for reactions around it as well.
See how Asia plays out and go from there.
US Dollar Index (DXY) Rising Channel IntactChart Analysis:
The US Dollar Index (DXY) continues to trade within a well-defined ascending channel (green-shaded area), signaling sustained bullish momentum.
1️⃣ Ascending Channel:
The DXY is consolidating near the channel's midline, with the upper boundary around 110.00 acting as a potential resistance area.
A breakout above the channel's upper boundary would signal continued bullish momentum, while a retracement to the lower boundary around 106.00 could provide buying opportunities.
2️⃣ Key Support Levels:
The 50-day SMA (blue line) at 106.50 is providing dynamic support, aligning with the channel's lower boundary.
The 200-day SMA (red line) at 104.50 reinforces long-term support.
3️⃣ Momentum Indicators:
RSI: Currently at 62, indicating bullish momentum but shy of overbought levels.
MACD: Momentum remains positive, with the MACD line above the signal line, supporting the bullish bias.
What to Watch:
Monitor the channel's upper boundary for potential resistance or breakout opportunities.
Watch for pullbacks towards the 50-day SMA and lower trendline for potential support levels.
RSI and MACD trends will be key in confirming momentum strength or weakness.
The DXY remains firmly within its bullish structure, with the ascending channel and moving averages providing a clear technical framework for traders to follow.
-MW
DXY: Ascending Triangle topping soon. Excellent sell opportunityThe U.S. Dollar Index is on a steady bullish 1D technical outlook (RSI = 60.447, MACD = 0.640, ADX = 33.835) as with the exception of November's last week, it has been rising nonstop since September 30th 2024. The price is near the HH Zone of the Ascending Triangle, the 1W RSI has double topped and we are, or getting close to, the new long term top. Technically the 1W RSI is already similar to the October 9th 2023 top. The risk now is lower in going short. Aim for the 1W MA200 (TP = 103.000), which was the level that offered the late September support.
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DXYUSD Bearish SignalDXY had experienced an unnatural pump against risk and competition currencies, elation that will no doubt come to an abrupt end soon as my charts do not lie. What would typically be viewed as a large bull flay is indeed a failed auction. This signifies a major upcoming crash of the USDX as inflation has been out of control and the fed has failed to control it. Spending is up and while unemployment remains high the job market and industry remains strong as US GDP outputs remain very high. This could reverse in the summer but at this time price action is toppish and I call a negative reversal to the downside targeting sub $100 ranges.
DYX Monthly vs Crypto & Stocks: The Most Bullish Ever!The DXY is at its most bullish since June 2021. Here we can see it bouncing strongly from EMA55 as support.
We looked at the DXY and how it is related to Bitcoin ( see here ).
Now we want to consider the DXY on its own.
➖ How far up can the DXY go and for how long?
To start, we can see that the last time the DXY went bullish it closed green for four consecutive months. This would be the first green month, so we have another three of potential bullish action.
The bounce in July 2023 also produced four months of growth. Now, the action in the last bounce and back in 2023 were part of a consolidation pattern, what we are seeing now is the start of a bullish wave.
➢ First, within several months, or weeks, the DXY is set to hit 109. Long-term, it can go higher and hit a new All-Time High.
➢ The first long-term resistance will be around 114, which is the September 2022 peak. 111.1 would be an intermediate target.
➢ The new ATH can settle around 124/5. The last ATH was hit around 121.
This is all based on the long-term.
This is the monthly timeframe.
The DXY going bullish can have a very strong negative effect on the stock market and even Cryptocurrency but this is only initially, after several months of the DXY being strongly bullish, the Cryptocurrency market can recover and do great. I don't know about the stock market, it can be different but Crypto will be fine.
Thank you for reading.
Namaste.
it is now looking like a top in the making PEPPERSTONE:USDX the whole euphoria with donald trump is now giving away its price and it is looking like we should have a top here because there is a clear breakout failure so it may decline or it can rest for some time now that looks more likely now rather than carrying the bull trend
DXY Is Going Down! Sell!
Take a look at our analysis for DXY.
Time Frame: 12h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is trading around a solid horizontal structure 108.155.
The above observations make me that the market will inevitably achieve 107.189 level.
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!
DeGRAM | DXY back into the ascending channelThe DXY is in an ascending channel between the trend lines.
The price has reached the expansion level.
We expect a local correction in the channel for further strengthening of the dollar.
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Share your opinion in the comments and support the idea with like. Thanks for your support!
DXY -could the dollar be dropping, what does that mean others?If we see the dollar break this level we could see higher prices with other instruments such as the metals and other cryptos.
Lets watch and see what happens.
DXY ELLIOTT WAVE ANALYSIS: 07 JAN, 2024 - BEARISH©Master of Elliott Wave: Hua (Shane) Cuong, CEWA-Master.
Wave B-grey has just completed a corrective wave labeled ((a))((b))((c))-navy and wave ((c))-navy has completed a full five-waves in a Zigzag (5-3-5) pattern, so wave C-grey could be back to push lower. But it is too early to conclude such a major bearish trend.
On the other hand, the shorter-term outlook suggests we may head down to the 105.420 area, while price must remain below 109.533 to maintain this view.
