USDX trade ideas
DXY Upsides: Bullish Rebound At Key Support ZoneHey Traders, in today's trading session we are monitoring DXY for a buying opportunity around 105.700 zone, DXY is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 105.700 support and resistance area.
Trade safe, Joe.
DXY reviewDXY Is in a very important zone. depending on how price continue to respect those levels we may be bearish.
DXY Bullish BIAS- Look at that Daily BISI for my buys.
-I just need a 15mins to 1hr MSS/CHOCH to form then I'm in.
- Also keeping in mind on Fundamentals and which Killzone we are in.
-This might Play out tmrw.
Geoduck/ keep in mind of Risk management too...
DXY - Further Upside Expected
Dollar remains strong and supported by the Fib levels and Trendline. Despite promising news and expected FED rate cuts, it still remains Bullish due to Trump coming in power and end of year profit taking.
For entries, please wait for at least two candle reversals on 5/15M at the specified level and apply appropriate risk management.
If you found this analysis helpful, please consider boosting and following for more updates.
Disclaimer: This content is for educational purposes only and should not be considered financial advice.
DXY: Move Up Expected! 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 106.178
Wish you good luck in trading to you all!
DXYDollar index
EURUSD
GBPUSD
USDJPY
USDCHF
AUDUSD
NZDUSD
USDSEK
USDNOK
USDMXN
USDRUB
USDCNY
The U.S. dollar index is a measure of the value of the U.S. dollar relative to a basket of foreign currencies. The USDX was established by the U.S. Federal Reserve in 1973 after the dissolution of the Bretton Woods Agreement.
DXY, Is correction on the way ?Hello Traders, Hope you are doing great.
for upcoming days and for a short period of time, we'll probably see a downward correction to Specified level in TVC:DXY , we also have a Divergence on 4H that confirms our theory.
so with a proper trigger we can open a short position. We will also probably find better buy positions in FX:GBPUSD And FX:AUDUSD than the FX:EURUSD .
Trade safe and have a great weekend.
And finally tell me what do you think ? UP or DOWN ? leave your comment below this post.
If this post was helpful to you, please like it and share it with your friend.
THANKS.
DXY - Potential SHORTHello, Traders!
What may happen next for Dollar Index?
Resistance at 106.5 and 107.25
Like, comment and subscribe to help us grow!
DXY is facing resistance zoneAs you know, I’ve been bullish on the DXY and have anticipated a reversal since the now-confirmed bottom just above 100.
With the price now above 106, however, I believe USD bulls should start exercising caution. There’s a very strong resistance zone ahead, ranging from 106.20 to 106.50, with another important level just above 107.
In my view, a correction is likely soon, and I’ll be watching for buying opportunities in EUR/USD and GBP/USD.
NOV 2024. Dollar is bullish.Based on seasonals and analysis made using ICT Smart Money Concepts, I have arrived at a bias for the Dollar - Bullish.
Bullish momentum persists on DXYTechnical Perspective:
DXY extended its rally within the ascending channel, following a breakout of the descending trend line. The price remains in an uptrend with higher swing points seen. A further rise toward the 106.50 resistance and ascending channel's upper bound might occur if DXY sustains its bullish momentum. Conversely, a retracement could prompt a retest of the 105.20 trendline breakout zone and support. Ichimoku Cloud is showing signs of bullish pressure as well.
Fundamental Perspective:
Traders are betting on a continued selloff in US Treasury bonds, anticipating that Donald Trump's policies will drive inflation and keep interest rates high, boosting the dollar's appeal. The open interest in two-year Treasury futures has surged as investors position for rising yields ahead of US key inflation data.
Elsewhere, Elon Musk and Vivek Ramaswamy will lead Trump’s new initiative to cut government waste and reduce federal spending, aiming for 2 trillion USD in savings. The effort will focus on dismantling bureaucracy and reforming federal agencies.
Author: Li Xing Gan, CMT, CFTe,
Financial Market Strategist Consultant to Exness
#dxy #elliottwave short sell setup wave c 13Nov24This count is based on my assumptions so anything can happen not a trading or financial advice just for educational purposes only kindly do your own ta thanks trade with care good luck.
DXY Potential Short! Sell!
Hello,Traders!
DXY keeps growing in a
Strong uptrend and the
Index is locally overbought
So after it hits a horizontal
Resistance of 106.500
A local bearish correction
Is to be expected
Sell!
Like, comment and subscribe to help us grow!
Check out other forecasts below too!
DXY on 15 min HELLO FRIENDS
as i can see DXY is moving up daily from the day Trump elected it is now near a resistance zone which will give a nice retrace and then up to 107 its just a trade idea show Ur love and support
we try to update Stay Tuned
DXY Short: Completion of Corrective StructureFrom the chart, you can see that I've closed the corrective wave structure W-X-Y-X-Z within 2 trendlines. Now that we are at the top trendline, it is time for turning point.
DXY Update and Levelsafter good impulse move to the upside there is certainty of price going into pullback mode
because
. price recently broken the trend line which was from weekly side so the next liquidity zone is supply from monthly which is 1% away and on other hand price can try to retest the fvg which nearby 0.5% below the current price (105.998) or the round figure 105 can act as support
my take - before going to 107 zone price should retrace and get some liquidity from fvg
Dollar Index Bullish to $109! (UPDATE)The DXY is constantly rocketing up from our grey supply zone. Intense bullish momentum which is about to break above the 'pending liquidity' sitting at $107.400 - $106.500.
Break of structure of this liquidity zone will open up further upside towards our $109 target!
The Dollar is looking strong, other markets are weak.
On the weekly timeframe, the DXY (U.S. Dollar Index) is bearish.
It's showing a final jump before heading down to create another lower low.
According to this analysis, other markets might be retracing.
I'm observing XAU (Gold), BTC (Bitcoin), and US Oil (WTI Crude Oil)
For potential retracements, manage your risk and emotions before diving into trading.
This is just my viewpoint, not financial advice.
DXY Is Very Bearish! Short!
Please, check our technical outlook for DXY.
Time Frame: 9h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is on a crucial zone of supply 105.886.
The above-mentioned technicals clearly indicate the dominance of sellers on the market. I recommend shorting the instrument, aiming at 104.561 level.
P.S
We determine oversold/overbought condition with RSI indicator.
When it drops below 30 - the market is considered to be oversold.
When it bounces above 70 - the market is considered to be overbought.
Like and subscribe and comment my ideas if you enjoy them!
11/12/2024. US DOLLAR DailyDXY-- US Dolllar. Even with the significant move after elections, the DXY still hasnt hit its daily buy point. 106.979.
DXY has been under a daily chart buy since 2023. I will be playing long USD on currencies until the daily close of DXY is above 106.979, and holding longs thereafter.
DXY: Local Correction Ahead! Sell!
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 downside. So we are locally bearish biased and the target for the short trade is 105.547
Wish you good luck in trading to you all!
