Bullish DXYMinor descending channel
Major descending channel
Ranging/consolidating market
Channel within channel and a market ranging waiting to break to the upsede or downside. For my two pence I will stick to a bullish DXY
USDX trade ideas
Is a DXY Pullback on the Horizon? Key Price Action Signals Is a DXY Pullback on the Horizon? Key Price Action Signals to Keep an Eye On
👀👉 The DXY Dollar Index has shown robust bullish momentum recently—but is it overextended? A pullback at a major support level could offer a valuable entry opportunity. I’m watching this zone closely for a possible buy setup aligned with the key criteria covered in the video. In this analysis, we’ll explore essential price action signals to watch and discuss strategies for positioning in the next potential move. Disclaimer: This analysis is for informational purposes only and not financial advice.* 📊✅
DXY makes it to the most important resistance zone.H4 12.11.2024💸 Dollar Index DXY makes it to the most important resistance zone 📉
The dollar index still managed to break through to the most important resistance zone 105.80-106.35 from which I expect a medium-term reversal. Honestly, I didn't think it would be pushed to it, but as it is. Other currencies against the dollar have almost reached their reversal zones, lacking the final rebound. As for me, the level of 106 on the index and the area near it is strong. The situation is a copy of 2016, when the index was also pushed hard, and then a long-term reversal was made to weaken it.
TVC:DXY
DXY reviewDXY Is in a very important zone. depending on how price continue to respect those levels we may be bearish.
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 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
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!
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!
DeGRAM | DXY growth in the channelDXY is moving in a descending channel between trend lines.
Having reached the lower boundary of the channel, the chart has formed a reversal harmonic pattern.
The price has reached the 62% retracement level.
We expect the growth to continue after retesting and consolidating above the current resistance.
-------------------
Share your opinion in the comments and support the idea with like. Thanks for your support!
sell opportunityTrade Analysis:
We are looking for a potential short (sell) opportunity on the at 106.200. The market has recently faced strong resistance around this level, and we believe it is a key turning point for further downside.
Key Levels:
Resistance: 106.200 (Potential Sell Zone)
Support/Target 1: 102.400 (First Take Profit Level)
Support/Target 2: 100.170 (Second Take Profit Level)
Stop Loss: 107.500 (To protect against further upside movement)
Technical Overview:
Bearish Sentiment: Price is facing resistance at 106.200, and indicators (RSI, MACD) show overbought conditions, suggesting a potential pullback or reversal.
Risk/Reward: A risk-to-reward ratio of 1:2+ (based on entry at 106.200 and first take profit at 102.400).
Market Bias: The overall market bias is bearish, with recent price action confirming a potential move lower towards our targets.
Bullish rise?US Dollar Index (DXY) has reacted off the pivot which has been identified as a pullback support and could rise to the 1st resistance which acts as a pullback resistance.
Pivot: 104.42
1st Support: 103.45
1st Resistance: 106.04
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
DXY potential breakout Exactly reaching my target at 105.5, now could retrace and check back at 104.55 then further upside is expected.
if the falling trendline is broken and confirmed above this means the dollar has major upside potential which could signal the end of the stock market bull run and a major correction in GOLD
Dollar's Winning Streak: Will CPI Data Fuel the Fire?The US dollar is on a tear, caused by "Trump trade" optimism and robust economic data. But will this bullish momentum persist? We analyze the key drivers behind the dollar's strength and explore the potential impact of upcoming economic events.
The "Trump Trade":
The US dollar's recent surge is intricately linked to the market's anticipation of President Trump's economic agenda. Investors are betting on tax cuts, infrastructure spending, and potential tariffs to stimulate growth and potentially fuel inflation. This expectation has triggered a wave of capital inflows into the US, driving up demand for the dollar.
US Economic Resilience:
Beyond the "Trump trade," the dollar's strength is underpinned by the resilience of the US economy. The labor market remains robust, with low unemployment and steady wage growth. Consumer confidence is also high, supporting continued spending and reinforcing expectations of persistent inflation. This combination of factors creates a favorable environment for the dollar, attracting investors seeking higher yields and a safe haven in an uncertain global landscape.
Inflation Data Ahead:
While the dollar's outlook appears bright, the upcoming US CPI inflation data could be a game-changer. A strong inflation reading would validate the market's expectations and likely encurage the Federal Reserve to maintain its hawkish stance, potentially leading to higher interest rates for longer. This scenario would further solidify the dollar's dominance.
Conversely, if inflation disappoints, it could cast doubt on the need for aggressive monetary policy, potentially undermining the dollar's momentum. Traders will be closely scrutinizing the CPI figures for clues about the Fed's policy trajectory and the dollar's future direction.
Technical and Fundamental Outlook for Major Pairs:
EUR/USD: The euro is struggling against the surging dollar, hampered by a dovish ECB and a bearish technical picture. A head and shoulders pattern on the weekly chart points to further downside, with key support levels at 1.07 and 1.0660. A break below these levels could open the door to 1.0500.
GBP/USD: The pound is also facing headwinds from a strong dollar and concerns about the UK economy after the recent BoE rate cut. Technically, GBP/USD is in a downtrend, with support at 1.2850. A break below could target 1.2700, while a weaker dollar (if CPI disappoints) might lift the pair back to 1.30.
AUD/USD: The Aussie is caught between a strengthening dollar and worries about China's slowdown. It's currently holding above crucial support at 1.6550. Keep an eye on Aussie jobs data and US-China trade developments for clues about its next move.
NZD/USD: The Kiwi is under pressure from RBNZ rate cuts and broad dollar strength. A bearish technical pattern suggests further downside potential, with the 0.5900 level as a key target.
This is a market analysis, not trading advice. Trade responsibly and do your own research.
$dxy- retrace time?Hola,
still waiting on this to deviate back down
still got time to position yourselves in
Lower high for now unless we flip 106.1 which i really doubt the fun begins in a few days
DXY IndexDXY Index
Completed " 12345 " Impulsive Waves and " ABC " Corrective Waves at Extreme Point of Interest ( POI ). Bullish Channel as an Corrective pattern in Short Time Frame and Rejection from Resistance Level with a Strong Divergence
Levels discussed on 11th November Livestream11th November
DXY: Consolidating along 105, look for break out above 105.15 to reach high of 105.45
NZDUSD: Sell 0.5955 SL 20 TP 40
AUDUSD: Sell 0.6565 SL 25 TP 50
GBPUSD: Sell 1.2830 SL 30 TP 80
EURUSD: Sell 1.0660 SL 25 TP 50
USDJPY: Buy 153.80 SL 40 TP 80
USDCHF: Buy 0.8790 SL 25 TP 80
USDCAD: Do Nothing
Gold: Could range between 2660 and 2644
DXY giving strong hints of bearish phaseLooking at the chart it happens two times that DXY formed a double top and then fell sharply and now it is for the third time a single top has already been formed and there is also a bearish divergence. These couple of confluences indicate a bearish phase of DXY
IDEA FOR NEXT WEEK.The U.S. Dollar Index (DXY) closed the week up 0.61% at 104.951 after reaching a high of 105.441 and a low of 103.373, marking a strong finish amid fresh speculation around Trump’s economic policies and the Federal Reserve’s rate cut. With markets anticipating Trump’s potential pro-growth and inflationary policies—such as increased tariffs and deregulation—the dollar surged as traders recalibrated their inflation outlooks. The dollar’s gains reflect traders’ positioning for inflationary pressures that could affect the Fed’s future rate path.
DXY Trading Journal DXY Trading Journal
Nov 24
Price continued it's bullish run to key buy side stop from Nov 2022 wicking through a weekly SIBI to rebalance. Price broke 50% level on the weekly changing market structure to a Premium.
Parent bias is bullish. Long term idea I suspect that we could see Price continue to rebalance the SIBI.
Price closed on the 50% level. I could see Price come down to take the equal lows at the .618 for Mondays idea. Price could seek the 50% level of 107.099 for the low of the week.
I also suspect that we could see a high resistance week of Price action this week.
Dxy longThe US Dollar Index (DXY) has rolled through markets to a fresh two-year high in a volatile Friday. The US Dollar gets additional inflow from flights into safe-havens amid escalating risks in the Russia-Ukraine war. The US Dollar Index popped above 108.00 and fades in the aftermath back to 107.50. The US Dollar Index (USDX) is an index (or measure) of the value of the United States dollar relative to a basket of foreign currencies. These currencies are the Euro (constituting 57.6% of the weighting), Japanese Yen (13.6%), British Pound (11.9%), Canadian Dollar (9.1%), Swedish Krona (4.2%) and Swiss Franc (3.6%). The index started in 1973 -with the absolution of Bretton Woods- with a base of 100.000, and values since then are relative to this base. For example, if the current reading says 99.800, this means that the dollar has fallen 0.2% since the start of the index (99.800 - 100.000).
Dollar Index (#DXY): Classic Trend-Following MovementThe Dollar Index is currently trading in a strong bullish trend on a daily, moving steadily within a rising parallel channel.
There has been a significant breakout above a key resistance level, following a test of the lower channel boundary.
Given the long-term bullish trend, it is likely that the market will continue to rise. The next targets to watch for are at 108.20 and 109.00.
Dollar long The dollar is expected to continue rising next week due to strong U.S. economic data, geopolitical uncertainties driving safe-haven demand, diverging monetary policies favoring the Fed's hawkish stance, and a prevailing risk-off sentiment in the markets.
DXY DXY Index
Change of Characteristics
Bullish Channel as an Corrective Pattern in Short Time Frame
Break of Structure and Retracement
RSI - Divergence
Completed " 12345 " Impulsive Waves
