USDINDEX trade ideas
DOLLAR INDEX (DXY): Critical Moment
With an unprecedented pace of weakness of US Dollar,
DXY Index is now testing a historic weekly support cluster.
If the market breaks it today and closes below that, it will
open a potential for much more depreciation.
Next historic support will be 95.5 and a downtrend will continue.
Today's US fundamentals can be a trigger.
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DXY Swing Short! Sell!
Hello,Traders!
DXY keeps falling down
And the index broke the
Key wide horizontal level
Around 97.800 which is now
A resistance and the breakout
Is confirmed so we are very
Bearish biased and we will
Be expecting a bearish
Continuation on Monday
Sell!
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DXY STRONG DOWNTREND CONTINUES|SHORT|
✅DXY is going down currently
In a strong downtrend and the index
Broke the key structure level of 98.000
Which is now a resistance,
And after the pullback
And retest, I think the price
Will go further down next week
SHORT🔥
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Dollar Bullish Correction To $103 - $105While we expected to see some Dollar upside in Q2, the economy was in such a bad state that the Dollar could not hold its value. Since the start of 2025 the Dollar is down 12% and this is only the beginning.
I believe we will see more downside in the future. But for the coming quarter there is a chance for the Dollar to get some breathing space & recover in the short term. Overall, the trend of the Dollar remains bearish, so what we want to keep an eye on is small pumps (short term recovery) into price zones which will allow us to short the Dollar back down.
I want to see a dip lower towards $96 - $94 before sellers lose bearish momentum. If this move takes place, then we can slowly see buyers step back into the market & start pushing back to the upside. Once price hits our ‘Supply Zone’ of $103 again, it’ll give us a more clear indication of what the Dollar will do next; whether that’s a longer term uptrend or a continuation to the downside.
I dare say, DXY has bottomed, only higher from now on!This is the low on DXY. It can range from here or glide up slowly.
DXY is predictable this year because Trump is unpredictable. Causing the market to just repeat history. Check DXY on 2017
Conservative traders can wait for 4hrs close before entering.
The SL and TP are outlined on the chart.
Enjoy
US Dollar Index (DXY) – Testing Long-Term Channel SupportBy MJTrading:
Chart Overview:
The US Dollar Index has now approached a major technical confluence zone that could define the next directional move. Price is pressing into the Danger Zone near the lower boundary of a multi-year descending channel, with an Ultimate Oversell Target sitting just below.
🔹 Key Technical Highlights:
Long-Term Down Channel (Daily & Weekly):
The DXY has respected this structure for several years.
Price is currently challenging the lower boundary, a zone where reactions often occur.
Danger Zone (~95–96):
A historically reactive area.
Prior demand and channel floor converge here.
Ultimate Oversell Target (~89–90):
Marked as a deeper potential exhaustion area if the channel fails.
Moving Averages:
15 EMA ~97.8
60 EMA ~99.3
Price remains below both EMAs, confirming persistent bearish momentum.
🔹 Potential Scenarios:
Scenario A (Green Path):
A bounce off current support could trigger a relief rally back toward 98–100, targeting the mid-channel and EMAs.
Scenario B (Red Path):
A breakdown below ~95 could accelerate selling pressure, aiming for the Ultimate Oversell Target (~89).
🔹 How I See It:
This is a high-risk inflection zone. Any bullish setups here remain counter-trend and require confirmation via strong reversal signals. Conversely, a decisive breakdown could have significant implications for USD pairs and commodities.
💡 Notes:
This chart includes the weekly inset view for broader context.
Keep risk management tight in this volatile area.
🔹 Reminder:
This idea is for educational purposes only—not financial advice.
💬 How are you positioning around the USD? Share your thoughts and charts below!
#Hashtags:
#MJTrading #DXY #USDollarIndex #Dollar #Forex #TechnicalAnalysis #TradingView #ChartAnalysis #PriceAction #FX #USD #Majors #DollarWeakness #DollarStrength #SupportAndResistance #TrendAnalysis #MarketOutlook
DXY Technicals Add Pressure on FED Data〽️Weekly RSI Divergence Spotted in the US Dollar Index (DXY)
A bearish divergence has emerged on the weekly RSI chart of the US Dollar Index (DXY), signaling a potential loss of upward momentum. Historically, such divergences often precede price corrections or reversals.
✅Market Implications:
USD pairs, gold, and crypto assets may see retracement as dollar strength wanes in response to technical exhaustion.
Traders should watch for signs of consolidation or reversal in assets inversely correlated with the dollar, such as gold (XAU/USD) and Bitcoin (BTC/USD).
📈Macro Outlook:
All eyes on the Federal Reserve: The divergence adds weight to market speculation that the Fed might pivot toward a rate cut at its July 15 meeting.
If confirmed, rate cuts could further pressure the dollar, accelerating moves in risk-on assets and emerging market currencies.
#XAUUSD
#DXY
#BTCUSD
#tgifx
DOLLAR INDEX the US Dollar Index (DXY) is trading around 97.704 -98.572,0.34% . The index has been under pressure due to easing geopolitical tensions ,Particularly optimism about a ceasefire between Israel and Iran and expectations of Federal Reserve rate cuts later in the year. The DXY remains below its 100-day,200 day exponential moving average (EMA), 100day, 200 day simple moving average with bearish momentum supported by interest rate hold and expected rate cut before the end of the year.
the 10 year united states bond yield is trading around 4.279%-4.324%,we have seen gold sell off at 3336-3334 on dollar rally.
Market Outlook:
The DXY is attempting to stabilize but remains in a bearish phase until it decisively breaks above 100 resistance.
the future of the dollar index is depending on Fed policy and global economic conditions.
Summary:
The DXY is currently weak around 97.88 -98.00 due to easing geopolitical risks and Fed rate cut expectations.
Bearish momentum dominates below the 100-day EMA, 200-day EMA, 100-day SMA AND 200 day SMA
A break above 100 would be needed to signal a bullish reversal, if the retest to broken supply at 100 could become demand floor .
#dxy
Make Dollar Great AgainDXY Big Picture
While looking at other DXY charts to use a clean chart for HTF, I saw that it touched historical trend support. It didn't touch only on the TVC chart, so I am adding it with the other charts and accepting that it touched the trend.
According to the fractal I added in August last year, the price is moving very well.
I expect a correction from these areas. I think we have reached the reversal areas due to both the momentum in the declines and the oversold.
The decline fatigue I mentioned is more evident in LTF charts. The price cannot reach the EQ zone of the decline channel that has been going on since February on the daily chart. Although it is a very inclined channel on the 4h chart, it can no longer reach the channel bottom. For this reason, I think this region is where reversal should be sought. After the first 0.38 of this decline, I think a pullback to 0.5 is possible.
DXY: Strong Bullish Sentiment! Long!
My dear friends,
Today we will analyse DXY together☺️
The price is near a wide key level
and the pair is approaching a significant decision level of 96.899 Therefore, a strong bullish reaction here could determine the next move up.We will watch for a confirmation candle, and then target the next key level of 97.077.Recommend Stop-loss is beyond the current level.
❤️Sending you lots of Love and Hugs❤️
Free fall on DXY?With gap open at 97.66 level before the monthly close price has broken the monthly support and started to drop. We may see the price to drop to long term monthly support at 96.622 or further below to 95.66 as with the increased bearish pressure we may see the price to continue to drop to this longer term support level.
As with upcoming USD news we may see the price to move to this level with high probability bearish trend.
DXY 4Hr And Daily Bearish ( A minor & aslight bull trend)The DXY (US Dollar Index) could potentially rise to the 100.257 level to complete a bullish structure or flag pattern. However, it's also possible that it may face rejection around its current zone and resume its bearish trend, targeting support levels between 99.00 and 98.25.
As always, our entries should be guided by what the market and its structure are showing us. For now, the broader trend for the DXY remains bearish until it potentially reaches the lower support zone around 96.00 – 94.00, or even below that range.
This extended downside expectation is driven by several fundamental factors: anticipations of interest rate cuts in the coming months, potential tax policy changes under Trump, and persistent inflation concerns within the U.S. economy.
In light of these uncertainties, the market demands extra caution at this stage.
Good luck and trade safe!
DXY hello trader, the price of DXY has reached major support level, price will likely reverse after fully liquid sweep on bearish side in daily tf... price could test the 97.7 in 1hr tf, so look for proper reversal in lower tf also, however weekly handle already did liquidity sweep of previous weekly candle. overall the target is 110 for now or could breakout.. price above 200ma will be a good sign of bullish momentum..
good luck to all
DXY | daily outlookYALL LIKE THE NEW FACE LIFT??
Price tapped into a refined demand zone after breaking short-term structure, confirming bullish intent. Entry was executed on the mitigation of a prior imbalance, with confluence from BOS (Break of Structure) and trendline liquidity sweep.
Now aiming for the next H1 supply zone where price is likely to react. Bullish continuation expected as long as price holds above 98.080.
TP set just before the high to secure profits before potential distribution.
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