DXYMonthly structure indicating bullish momentum till M patten neckline retest to conclude strong bullish momentum and also H4 concluding the same movement so bullish momentum expected.
USDX trade ideas
DXY ON A BULLISH TRAJECTORY TARGET @ 103.830The dollar climbed to the strongest level in two months as former President Donald Trump defended proposals to raise tariffs on imports dramatically. The Dollar Index rose as much as 0.3% on Tuesday as the Republican candidate cited potential trade policies with economies including Mexico, Europe and China in an interview with Bloomberg News Editor-in-Chief John Micklethwait. following those remarks this is my conclusion
The current market is on a Bullish trajectory after bouncing from a strong support zone at around 101.996. If the price continues its upward momentum, it could target the unmitigated zone near 104.200 and possibly tp2 near 104.535. However, watch for any reversal signals at these resistance levels, as they could indicate a pullback.
Key Levels
Reversal at 101.996 marks the bottom where the price reversed and started to climb.
Unmitigated Zone @ 101.870: This is a level where a previous imbalance or demand zone was left untested by the price, now acting as a potential support.
tp1 @ 103.830: soon the zone will be mitigated
Unmitigated Zone @ 104.200 is another untested supply zone where the price might face resistance.
tp2 @ 104.535: The second take-profit level, this area is my future unmitigated zone a possible price target if the bullish momentum continues.
We have a very strong dollar in the moment 4hrFrom my previous analysis we where at the breakout point from the downtrend. We knew that we might be looking at a positive dollar and that Is what we got at the moment. But the next coming elections will be crucial to the performance of the us dollar.
As the investors ruled out a hefty interest rate cut from the reserve bank, a potential rise in the dollar from a victory by the former President Donald Trump.
Trump plans to implement tax cuts, looser financial regulations, and higher tariffs is viewed as positive for the dollar. Higher tariffs, for instance, would have a negative implications for growth in Asian and European exporters that could force their central banks lower their interest rates, undermining their currencies, while lifting the dollar.
DXY Core Breakdown Post Retail Sales (Trading Plans Included)Retail Sales (US) came in hot and fed strength into the USD and DXY as a result.
This takes us nearer to the upside of a sideways formed trajectory.
Here's what to look for.
DXY Hit the 200D MADXY just bounced sharply from 100 back to the 200D MA at 103.7. I suspect a pullback and bounce back down now. especially because of interest rate cuts and expectations
US DOLLAR What in the trend world! H4 M pullback? Yes plz.Hi everyone!
So we are mid week now, activating the true potential for a pullback. I expect a 40 to 50% pullback from this bullish trend. I might be wrong though if its Elon Musk cosmos level.
DeGRAM | DXY preparing for a reversal of movementDXY is moving above the trend lines and descending channel.
The chart has formed a harmonic bat pattern.
The price has not yet consolidated above the upper trend line.
We expect a reversal after consolidation under the dynamic resistance.
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Share your opinion in the comments and support the idea with like. Thanks for your support!
USD index at key resistance Intraday Update: Ahead of the ECB decision today, the USD index hit the 200dma, channel resistance and previous support. The EURUSD makes up over 50% of the USD index, so a recovery rally in the EURUSD could be the catalyst to allow a rejection from the confluence of resistance in the USD index today.
[DXY] Due for pullbackThis is TVC:DXY 4 hr chart. The price has been on rocket boost for 17 days now without any pullback....which is too hot, IMO.
With price and MACD now making some divergent & the need to cool off some of the heat, we could see some pullback.
Cherio...
Waiting for the DXY correction H4. 17.10.2024 Waiting for the DXY correction
Ahead of the ECB meeting, the dollar index has reached a strong rotation level of 103.57 and the main question is whether there will be a reaction and correction downwards! There is also a spare resistance level at 104.20 and I do not rule out reaching it and then a serious correction to at least 102.28. There will definitely be volatility and it is important to watch the reaction through other currencies.
TVC:DXY
DXY : What to anticipateSome of you may have seen the 'free gift' yesterday before it was deleted - the lucky few.
Anyway, let's talk about the DXY. It has been some time.
Some traders quite like this method called Elliot Wave. It is truly useless simply because you do not know EXACTLY where the price might end up. Only after the fact can these followers fool themselves when they see their ABCDE123 pattern. Now I bet you they are quite clueless about the DXY.
How about the simple 'D' - I am sure this is simpler. Whether it works, you should know by now.
DXY had by now bounced at 100.0
By the look of it, it can go very high. I am anticipating 120/6 - this follows the pattern as can be seen in the chart.
Good luck - may we make a lots of MONEY.
DXY-SELL strategy 6-hourlyI feel in coming sessions, the DXY will recover downwards. the stochastic and SMI, plus RSI are showing we overbought, and requires corrections short-term.
Strategy SELL current @ 103.50-103.65 and take profit above 102.83. SL based on your personal risk parameters.
Always learning new things as I check for my mistakes!Had a stoploss a very nice one, don't worry I followed my plan and just lost 1% of my account no big deal.
These past weeks, I have notice that every time that DXY is not aligned with EUR/USD price always goes contrary to manipulation. For example, in EU we can see that price manipulated a high, but DXY didn't meaning DXY is supported by an order block. Same happens when DXY manipulates a high or low and EU doesn't manipulate any high or low this means EU is supported by an order block.
In Conclusion this is called divergence and every time we see divergence we go contrary to manipulation.
Note: Here you are seeing the DXY chart inverted, this way you'll be able to find divergences easily.
DXYWe can see that the DXY broke the left leg nicely and am expecting the pullback to the neackline of the W pattern formation. before a nice continuation to the bearish side. some little push to the neckline.
Is DXY ready to descend below 100?What I can see in chart; in Weekly timeframe DXY is in range however in Daily timeframe we are bearish. I expect to have range for days in this level and have manipulation to reverse and continue to descend to hit lower levels.
DXY: Market Is Looking Up! Buy!
Welcome to our daily DXY prediction!
We made our analysis today using SMC and ICT trading theories, which, combined with our trading experience all point to the upside. So we are locally bullish biased and the target for the long trade is 103.601
Wish you good luck in trading to you all!
Is on a weekly Ichimoku SSB, might go downThe indice is now on a weekly senkou span b line so I think it could go down.
DXY USDOLLAR Supply Demand Analysis-Price inside daily/weekly supply + trend = sideways.
-Buyers still in control wait for selling confirmation
of price breaking upward trend lines + removing opposing pivot demand
zones.
-We could see price break to the upside and then reverse
(liquidity search/stop run).
Check the trend According to the behavior of the price in the current resistance range, possible scenarios have been identified. It is expected that a change in the trend will take place and we will see the beginning of the correction process
Why So Quite? Hey everyone,
I hope and trust you're all doing well and enjoying these markets. I know I've been silent over the last few weeks and there is a very good reason for that.
I am currently writing my annual assessments and it is quite extensive and the preparation is quite time consuming. For this reason I thought it best to take a short break from writing and recording content just until I finished up.
To be honest I really miss interacting with you all and I look forward to getting back to these markets.
Be safe, trade well and make money
Regards
Dean
Why So Quite? Hey everyone,
I hope and trust you're all doing well and enjoying these markets. I know I've been silent over the last few weeks and there is a very good reason for that.
I am currently writing my annual assessments and it is quite extensive and the preparation is quite time consuming. For this reason I thought it best to take a short break from writing and recording content just until I finished up.
To be honest I really miss interacting with you all and I look forward to getting back to these markets.
Be safe, trade well and make money
Regards
Dean
DXY: 15M ChartI’m anticipating a gap up into intraday resistance, followed by a relatively quick retracement to fill the gap. Once the gap is filled, I'm looking for bullish continuation as buyers regain control. This setup presents a solid opportunity to enter long positions during the pullback, with a focus on capturing the potential upward momentum after the initial retrace.
DXY Decision Time & Prediction of the marketsDXY is currently hit to weekly equilibrium.
I believe we are about to see little retracement upcoming days.
It would be good for stocks-risk assests.
We may see strong rejection and starts another bearish daily trend. (red scenario)
Or we may see contination of uptrend
(blue scenario).
This will be depend on mostly geopolitical risks
and US elections on november.
I am positioning myself for bearish DXY scenario.
