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USDX trade ideas

Dollar's Comeback: Can it Last?The US dollar has made a remarkable comeback, shaking off recent weakness and surging higher. This resurgence is driven by stronger-than-expected economic data and safe-haven demand amid geopolitical tensions. This fundamental analysis examines the factors fueling the dollar's renewed strength and explores potential trading opportunities, focusing on the upcoming US CPI figures, RBNZ rate decision, and Canadian labor market data. Shift in Sentiment: The dollar's rebound is fueled by a shift in market sentiment. Recent US economic data, particularly labor market figures, have exceeded expectations, prompting a reassessment of the Fed's policy trajectory. Safe-haven flows due to geopolitical tensions have further supported the greenback. Labor Market Strength: The robust labor market, evidenced by strong job growth and rising wages, has been a key driver of the dollar's resurgence. This has challenged the narrative of a weakening US economy and reduced expectations for aggressive Fed rate cuts. Inflationary Pressures: The strong labor market could contribute to persistent inflationary pressures. The upcoming US CPI data will be crucial in gauging the inflation trajectory and its potential impact on Fed policy. Inflation meeting or exceeding expectations (2.5% headline, 3.8% core) could fuel further dollar strength. Technical Outlook: The dollar has broken out of its recent downtrend, with the US Dollar Index (DXY) clearing key resistance levels. Further gains are likely if this upward momentum continues. Traders will be watching for a sustained break above the 103 level. Upcoming Data Releases US CPI Inflation: Thursday's release will be crucial for the dollar's trajectory. Inflation in line with or above expectations could support further dollar gains. RBNZ Rate Decision: The RBNZ is expected to cut rates by 50 basis points, potentially weighing on the NZD. The key question is whether the central bank will signal further easing. Canadian Labor Market Data: Friday's release could impact the CAD. A weak report could reinforce the Bank of Canada's dovish stance, while a strong report could provide some support for the loonie.
TVC:DXY
by E8Markets
DXY H8 - Long SignalDXY H8 We are picking up where we left off last week here on the dollar index, markets are breaking the trading zones we were expecting, but we haven't really seen anything of a correction yet, the least i would expect is to see 101.850 price see a test again. We don't have too much in the way of resistance at the moment, but we can see that price is exhausting where it is, at 102.500 price. We would expect resistance at 103, as this is an area of confluence, built up of whole number, supply and resistance.
TVC:DXYLong
by Trade_Simple_FX
DXY Set for a Sell-Side Liquidity Sweep Following HTF RejectionAnalyzing the recent price action of the DXY, it appears that a retracement to sell-side liquidity is in progress. Price has respected a higher timeframe order block (HTF OB) near 102.798, showing a significant wick into the OB before closing below it—a clear bearish signal. This indicates a likely push towards key sell-side liquidity around 100.215. Traders should watch for bearish continuation setups as liquidity pools are targeted. Always remember: DYOR (Do Your Own Research).
TVC:DXYShort
by INSIDER_INTEL
DXY: Sell to Buy IdeaWeekly Timeframe: We liquidated the lows, grabbing liquidity to the downside. = our expectation was that the price would push to the upside, to fill in the FVG (IRL), but last week, price pushed to close above the FVG creating an Inverted FVG. = We can now frame an idea with that inversion. The DoL is the Internal Range Liquidity and therefore, we can expect price to continue pushing to the upside. = It's also important to pay attention to where we are. Price is at an inside bar, this is a supply area and we may see price reversing from this point to push us to our inversion FVG or to the Orderblock. = Structure wise, the price is bullish. Swing structure = Bullish Fractal Structure = Bullish We shoiuld look for bullish continuation moves. _____________________________________________________ Daily Swings structure = Bullish Daily Internal Structure = Bullish Daily Fractal Structure = Bulliish We trade the immediate structure= internal structure. We know that price moves in phase: 1. Phase 1 = Break of structure. 2. Phase 2 = Restest of the previous structure. 3. Phase 3 = Continuation of the dominant trend. We are currently in phase 1 of price. We broke internal structure to the upside, which means, we should be expecting a pullback to retest the previous internal demand range. Where is price? At the moment price is at a daily supply level, which is also a weekly Inside Bar. We can expect a pullback from this level to push price into either; - the weekly inverted FVG which is also a daily inverted FVG. - the daily Breaker Block. - The daily extreme orderblock. We know that price is bullish, which means we have no business counter-trading. we define the buying points: 1. Previous Area of Structure. 2. Daily Areas of interest as outlined above. 3. The 61.8% FiB Level We also know that the high probability Areas of interest are those in the discount of our range. This leaves us with the OB and the 2nd ImB to consider. Also, following the logic of price moves from liquidity to liquidity, we know that price liquidated the highs as in the extrenal liquiduity, tapping into a daily supply level, the next area to liquidate normally is the internal range liquidity. It is important to also note that given the many confluences around price level 102, we may see price tapping into that level and flying away. _______________________________________________________ 4hrs Swing Structure = Bullish 4hrs Internal Structure = Bullish 4hrs Fractal Structure = Bullish We trade the immediate structure and the immediate structure is internal structure. We know that price broke structure to the upside and has change trend in the 4hrs from bearish to bullish. We also know that price is due for a pullback, and even though at this moment price is in daily supply block. But we havent hit the 4H OB. However, since we are in 4H supply range, any moment from now we can see price reversing. If we go by the weekly logic, where we want to frame an idea around the inverted FVG, we can see we have a 4H demand block. We should look for those continuation opportunities from this block. Note: we pushed through with a lot of momentum to the upside. In the process, we never created any leg inducement. Therefore, we need to see the market creating liquidity before tapping into the zone. Going into next week, we should frame buy idea in our 4H demand block. If we break through the 4Hrs fractal Protected Low, that should confirm the internal leg pullback. _______________________________________________________ 15 mins Swing Structure = Bullish 15 Mins Internal Structure = Bullish We follow the immediate structure and the immediate structure is the internal structure. Clearly, we have an established bullish orderflow. After the BoS, we expect a pullback. What phase are we in of the internal structure? => We are in Phase 2, where the market is currently retesting the demand range. Our expectation is that this orderflow should hold and that the 15Mins demand block should hold. We should be looking to frame a buy set up to take us to the 15 mins supply. Invalidation criterial: Where are we at? - Price has tapped into a daily supply level. that obviously will hold more power. - If we see price wick below our demand range, that invalidates our demand range, it means that sellers are taing control.
TVC:DXYShort
by DagemFxStudio
Overextended DXY: Preparing for a Bearish Correction This WeekThe U.S. Dollar Index (DXY) is showing signs of being overextended after last week’s rally, with the weekly ATR (Average True Range) sitting at 1.5 but last week’s price action extending to 2.5 ATR. This suggests the market has moved significantly beyond its usual range, increasing the probability of a short-term correction. While the higher time frames remain bullish, driven by strong economic fundamentals, I’m expecting a pullback in DXY as the market cools off from its extended move. This correction could present opportunities for bearish trades before resuming the broader uptrend.
TVC:DXYShort
by trader9224
DXY weekly forecastDXY : theres 2 Fibs drawn one is a 1H Fib drawn from the nearest high which is @ 103.450 the and the lowest low (99.900) .. the 4H Fib is taken from the next highest (104.800) high to the lowest low (99.900) on the 1H Fib this price is already approaching 78.6% retracement(103.450).. nearest support @ 61.8% of the 1H Fib and 38.2% of the 4H Fib (dynamic support at that point as well) while the 4H Fib is at 50% of its retracement(104.800) the different zones of the respective Fibs act as support and resistance zones as price increases in an ascending channel. strong NFP and other economic data released this week was better than expected suggesting more strength for $
TVC:DXYLong
by BigBadWolf47
The image shows a chart of the U.S. Dollar Index (DXY)The image shows a chart of the U.S. Dollar Index (DXY) on TradingView.com, as of October 6, 2024, at 05:38 UTC. The chart depicts the price movement of the DXY over a period of time, likely from August to October. The chart displays the DXY trading within a descending channel pattern. This pattern suggests potential bearish momentum in the U.S. dollar. The current price of the DXY is 102.487, which is an increase of +0.546 (+0.54%) from the previous period. The chart also indicates the presence of support and resistance levels, which traders may use to identify potential entry and exit points.
TVC:DXYShort
by laswaii4
The image shows a chart of the U.S. Dollar Index (DXY)The image shows a chart of the U.S. Dollar Index (DXY) on TradingView.com, as of October 6, 2024, at 05:38 UTC. The chart depicts the price movement of the DXY over a period of time, likely from August to October. The chart displays the DXY trading within a descending channel pattern. This pattern suggests potential bearish momentum in the U.S. dollar. The current price of the DXY is 102.487, which is an increase of +0.546 (+0.54%) from the previous period. The chart also indicates the presence of support and resistance levels, which traders may use to identify potential entry and exit points.
TVC:DXYShort
by laswaii4
The direction likely set for usd to head higherHello fellow traders , my regular and new friends! Welcome and thanks for dropping by my post. USD broke up higher ,potentially already formed a double bounce...has been up the whole of last week...could likely see pullback before heading higher.for now up side bias for USD Do check out my recorded video (in trading ideas) for the week to have more explanation in place. Do Like and Boost if you have learnt something and enjoyed the content, thank you! -- Get the right tools and an experienced Guide, you WILL navigate your way out of this "Dangerous Jungle"! -- ********************************************************************* Disclaimers: The analysis shared through this channel are purely for educational and entertainment purposes only. They are by no means professional advice for individual/s to enter trades for investment or trading purposes. *********************************************************************
TVC:DXY
by Shadowing_The_Big_Boys