DXY Index ProbabilityDXY Index Probability
DXY has a 84% Buy Cycle with a 5.67% probability of 98.3 (-5.88%). Accumulation price is currently at 104.44 with an average accumulation price of 102.16 (-2.18%)
USDX trade ideas
Dollar on the final wave....TVC:DXY
One final bearish move guys. We can almost smell that swing move
DreamAnalysis | DXY Insights with Major Price Zones AheadToday, we’re diving into the DXY (US Dollar Index), a key player in the forex market. We’ll break down its current price movements and explore what we can anticipate based on critical levels.
📊 Current Market Overview :
At the moment, the price has swept through several key sell-side liquidity (SSL) levels, including the Previous Month Low (PML). We expected a retracement higher, but so far, price hasn’t made any significant moves. Now, price is hovering around an Equal Low (EQL), which also aligns with the Previous Week Low (PWL). With that said, the possibility remains that price could drive lower, clearing additional SSL levels.
🕓 Identifying Key Levels :
Here are the critical levels we’re monitoring on the chart:
- PMH: Previous Month High
- PML: Previous Month Low
- PWH: Previous Week High
- PWL: Previous Week Low
- EQL: Equal Low
- BSL: Buy-Side Liquidity
- 4H FVG: 4-Hour Fair Value Gap (potential retracement and imbalance zone)
- Daily FVG: Daily Fair Value Gap
These levels represent important zones where the price may gather liquidity, enabling it to move toward the next major target. The Fair Value Gaps (FVGs) are imbalances that price may revisit to "rebalance" and collect orders.
📈 Bullish Scenario :
For a bullish outlook, we’ll need to see the price sweep the Previous Week Low (PWL) liquidity level, which is also an Equal Low (EQL). However, aggressive traders may look to lower time frames to find entries as price dips into low-resistance sell-side liquidity zones.
📉 Bearish Scenario :
In a bearish scenario, we would need the price to sweep low-resistance buy-side liquidity (BSL) levels on lower time frames before targeting lower levels like the Previous Week Low (PWL). Currently, there isn’t strong confluence on higher time frames to aim for significantly lower prices.
📝 Conclusion :
As we wrap up, it’s crucial to remain flexible and responsive to changing market conditions. Understanding key levels and potential scenarios allows us to refine our trading strategies and capitalize on opportunities.
🔮 Future Market Trends :
Stay tuned! We’ll continue tracking the DXY, EUR/USD, and other major currency pairs, offering timely insights and updates as the market evolves.
⚠️ Disclaimer :
The information provided here is for educational purposes only and should not be considered financial advice. Always conduct your own research and consult with a licensed financial advisor before making any investment decisions.
DeGRAM | DXY downturn in the channelDXY is moving in a descending channel between trend lines.
The chart has not yet reached the lower boundary of the channel.
After touching the dynamic support, the price bounced to the resistance level.
We expect a decline after the resistance retest.
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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 100.626
Wish you good luck in trading to you all!
DXY long: Dollar is going to strengthenIn this analysis, take note of the following:
1. I have plotted a completed 5-wave structure for DXY
2. The fifth wave is an "ending diagonal" in red lines.
What I suspect is that Dollar will bounce up strongly and that will be the result of stock market falling.
Levels discussed on livestream 25th September25th September
DXY: Retracing from 100.20, could retest 100.60, look for rejection to continue lower to 100 and 99.70 major support level.
NZDUSD: Buy 0.6310 SL 20 TP 50
AUDUSD: Sell 0.6880 SL 20 TP 40
GBPUSD: Buy 1.3345 SL 40 TP 80
EURUSD: Buy 1.1205 SL 15 TP 45
USDJPY: Could range between 145 and 143, look for breakout potential
USDCHF: Buy 0.8470 SL 20 TP 80
USDCAD: Sell 1.3420 SL 25 TP 55
Gold: Bounce off 2652 could trade to 2670 with major level at 2700
DXY Will Go Lower From Resistance! Sell!
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 100.056.
The above-mentioned technicals clearly indicate the dominance of sellers on the market. I recommend shorting the instrument, aiming at 99.322 level.
P.S
The term oversold refers to a condition where an asset has traded lower in price and has the potential for a price bounce.
Overbought refers to market scenarios where the instrument is traded considerably higher than its fair value. Overvaluation is caused by market sentiments when there is positive news.
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DOLLAR INDEX UPDATE...
Hello Traders, here is the full analysis for this pair,
let me know in the comment section below if you have any questions,
the entry will be taken only if all rules of the strategies will be
satisfied. I suggest you keep this pair on your watch list and see if
the rules of your strategy are satisfied.
Dear Traders,
If you like this idea, do not forget to support it with a like and follow.
PLZ! LIKE COMMAND AND SUBSCRIBE
[DXY] Breakdown the channelTVC:DXY is breakdown the lower channel boundary with price target 99-ish.
DXY flashing bearish signals MTF: Short term relief on the way?Bearish Gartley on the 4hr. RSI flashing a bear div. Perhaps some short term relief is on the way.
DXY BEARISH BREAKOUT|SHORT|
✅DXY is trading in a
Downtrend and the index
Broke the key horizontal
Level of 100.600 which
Reinforces our bearish bias
And makes us expect a
Further move down
SHORT🔥
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Will ongoing risk-on theme keep dampening the US dollar further?Macro theme:
- On Tue, PBoC surprised investors with a new set of support measures that positively impact risky assets. This unexpected move has injected a fresh wave of optimism into the markets.
-In contrast, the latest data from the US revealed a surprising decline in consumer confidence, which fell to 98.7 this month from a revised 105.6 in Aug. This marked the most significant drop since Aug 2021, sparking concerns about the health of the US economy.
- As a result, market expectations for another 0.5% rate cut by the Fed at its Nov meeting have increased significantly. According to CME Group's FedWatch Tool, the probability of such a move jumped to 60.7% from 53% just a day earlier. This shift towards a more dovish monetary policy stance has further weakened the US dollar as investors become more risk-tolerant.
Technical theme:
- On the 4-hour chart, DXY broke its support area of 100.55-100.60 and confirmed its downward movement. The price is trading below both EMAs by a fair distance, and there is a risk of a potential mean reversion if it tests a strong psychological level, such as 100.00, ahead.
- If DXY extends its decline, it may retest and find psychological support around 100.00, confluence with its descending channel's lower bound.
- Meanwhile, DXY may recover to fill its gap and retest the broken area around 100.55-100.60 before resuming its downward movement.
Analysis by: Dat Tong, Senior Financial Markets Strategist at Exness
US DOLLAR FUNDAMENTAL OUTLOOK (DXY) [SEPT 25-26]US Dollar is approaching a Still Fresh Demand Zone #1 and can hit this weeks and FED Speech could be a Catalyst for the Bullish move.
Demand Zone #2 is far and ATR may not reach that for this week
US DOLLAR is long term undervalued against the EURO signaling a Bullish outlook
Trade Safe
U.S. Dollar Index is near to fall. Soon..The US Dollar Index (DXY), which measures the value of the US Dollar (USD) against basket of other six major currencies, extends its losses for the 5th consecutive week in a row, hovering below 102 points during the U.S. regular hours on Monday, August 19.
Over the past week, Gold spot (XAUUSD) has topped $2500 per ounce psychological high also, minting new all the history peak, while Forex Eur/Usd (EURUSD) pair just has flashed a positive 2024 YTD return, jumping above 1.10 psychological degree.
The US Dollar continues to weaken following dovish comments from Federal Reserve (Fed) officials, which have increased a new portion of expectations for an interest rate cut by the central bank in September. Furthermore, last week’s US economic data revealed that both the Producer Price Index (PPI) and Consumer Price Index (CPI) suggest that inflation is easing.
Federal Reserve Bank of San Francisco President Mary Daly stressed on Sunday that the US central bank should adopt a gradual approach to lowering borrowing costs, according to the Financial Times. Daly countered economists' concerns that the US economy is facing a sharp slowdown that would warrant rapid interest rate cuts.
Additionally, Federal Reserve Bank of Chicago President Austan Goolsbee cautioned that central bank officials should be careful not to maintain a restrictive policy longer than necessary. Although it's uncertain whether the Fed will cut interest rates next month, failing to do so could negatively impact the labor market, according to CNBC.
Additionally, the decline in the US yields contributes to downward pressure for the Greenback. 2-year and 10-year yields on US Treasury bonds stand at 4.05% and 3.85%, respectively, at the time of writing.
This week, all eyes will be on Federal Reserve Chair Jerome Powell's upcoming speech.
In a bottom line, the major technical graph for the US Dollar Index (DXY) indicates on possible huge decline for the next upcoming 12 to 18 months.
The secondary RSI(14) graph indicates also, the bearish sentiment prevails.
