USDINDEX trade ideas
The Weekend: Prepping to Trade & Travel w/AIRAIn preparation for a trip to show my daughter more of Thailand, I've switched to a fully mobile setup. I’m running everything with just two laptops and a monitor for each, getting my mind ready for this new workflow. I’m excited for this change because our usual work routine felt like it was limiting her experiences at such a crucial time in her life. This upcoming week is a big one, but nothing is more important than her growth and development. So, I hope you enjoy this test video. Rest assured, What's Flowing videos will keep flowing, and my algorithms will stay busy spread trading across various markets.
Near-term Bullish DXY Bias
Monthly chart for DXY hints a possible distribution zone formation.
As there is a bullish candlestick pattern formed at last month, bullish bias seems to be the higher possible trend for now.
Weekly Bullish trend channel formation suggest higher upside is likely, however, last bar doji candlestick pattern suggest indecision.
Near-term support and resistance at 100.25 and 106.50.
Last Friday bullish bar closes back near Monday's opening reinforced near term bullish bias.
Looking forward, next week 5 Nov being US presidential elections day will add volatility to the market.
So, price may likely to go the next higher order block area.
USDX: Trend in 4H time frameThe color levels are very accurate levels of support and resistance in different time frames, and we have to wait for their reaction in these areas.
So, Please pay special attention to the very accurate trend, colored levels, and you must know that SETUP is very sensitive.
BEST,
MT
After break of channal Dollar index is consolidatingAfter break of channal Dollar index is consolidating. It may retest support before forming any trend
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 104.033
Wish you good luck in trading to you all!
Uptrend It is expected that after the pullback to the support range, the upward trend will continue. Otherwise, by crossing the support range, the downward trend will be likely
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 103.869
Wish you good luck in trading to you all!
USDX-SELL strategy 3-DAILY CHARTThe index seems overdone and showing potential for a decline towards 101.00 area in the short- to medium-term. Elections are the key of courser.
Strategy SELL @ 104.10 - 104.50 and take profit @ 101.67 for now. SL based on your own risk appetite.
DXY TRI MONTHLY CHART -- A LONG JOURNEY OF WEAKNESS.The chart should speak for itself.
DXY long term view (tri-monthly data) is conveying shifting trend on the dollar index -- to the downside.
Expect more long term correction, as this time frame don't change mind too often.
Spotted at 102.25
TAYOR.
safeguard capital always.
Bearish DXY Continuation Trade IdeaDXY is showing signs of continued bearish momentum, likely to extend further as selling pressure builds.
Following recent economic data, sentiment remains weak for the dollar, pushing it toward key support levels.
Dollar index on the floor of the trading rangeAccording to the weekly chart of the dollar index and since tomorrow and next week we have important data such as unemployment claims, and also these data will probably strengthen the strength of the dollar, it is expected that the dollar index will rise to the middle of the trading range in the first step. .
DXY idea bearishUS Dollar (USD) rose, alongside the rise in UST yields. Dollar Index (DXY) was last at 104.26 levels. US data, including durable goods orders, Uni of Michigan sentiment surprised to the upside, OCBC’s FX analysts Frances Cheung and Christopher Wong note.
Daily momentum remains bullish
“RSI eased lower from overbought conditions. While the recent run up continues to look stretched technically, the move higher may still extend in the interim. That said, we do also caution that the subsequent snapback may also be sharp, on any triggers or data surprises. Resistance at 104.60 (61.8% fibo), 105.20 levels. Support at 103.80 levels (200 DMA, 50% fibo), 102.90/103.20 levels (21, 100 DMAs, 38.2% fibo retracement of 2023 high to 2024 low) and 101.90 (50 DMA).”
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 104.321
Wish you good luck in trading to you all!
Levels discussed on Livestream 30th October30th October
DXY: Look to break 104.20 and 61.8%, to trade down to 104 and 103.80
NZDUSD: Buy 0.5990 SL 20 TP 60 (Counter Trend)
AUDUSD: Sell 0.6580 SL 20 TP 50 (Bearish Channel)
GBPUSD: Sell 1.2960 SL 25 TP 50 (Break trendline0
EURUSD: Buy 1.0845 SL 20 TP 55 (Hesitation at 1.0870)
USDJPY: Ranging between 152.70 and 153.86 (looking for breakout potential)
USDCHF: Sell 0.8690 SL 15 TP 35
USDCAD: Sell 1.3875 SL 30 TP 60
Gold: Could retrace to 2770, look for rejection and buying opportunities
INDEX_DXY_4H🇺🇸🇺🇸🇺🇸🇺🇸🇺🇸🇺🇸🇺🇸🇺🇸🇺🇸🇺🇸🇺🇸🇺🇸
hello
Analysis of short and medium term dollar index
The analysis style is based on Elliott waves.
The indicator is in an ascending wave, which is currently the big 3rd wave, which is again a downward correction wave as wave 4 and again the continuation of the ascending wave towards wave 5.
3 wave resistance 105.000
Support wave 4 number 103.300
5 wave resistance 106.600
DXY Is Going Down! Sell!
Here is our detailed technical review for DXY.
Time Frame: 1D
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The price is testing a key resistance 104.138.
Taking into consideration the current market trend & overbought RSI, chances will be high to see a bearish movement to the downside at least to 103.076 level.
P.S
Please, note that an oversold/overbought condition can last for a long time, and therefore being oversold/overbought doesn't mean a price rally will come soon, or at all.
Like and subscribe and comment my ideas if you enjoy them!
DXY Bearish Trade IdeaExpecting DXY to open with a gap down, looking for an initial fill back up before a potential continuation lower. This setup aims to capture the downside momentum post-fill, as bearish sentiment remains in play. Stops are placed above recent highs to manage risk, with targets aligned to key support levels.
Will the job data impair the US dollar gain?Macro theme:
- The dollar remained steady despite short-term volatility, reflecting mixed economic data. US Sep Retail Inventories and Oct Consumer Confidence exceeded forecasts, while Sep Job Openings fell short.
- Treasury yields reached multi-month highs early but declined following a strong seven-year auction.
- With the US job report—the last before the FOMC meeting—approaching, storms and strikes could complicate interpreting the data, introducing further uncertainty around the dollar’s direction.
Technical theme:
- DXY is consolidating in a small range at the top and looks stretched. This is vulnerable to a potential mean reversion. The price is trading away from both EMAs.
- If DXY extends its gain above the previous swing high at 104.60, the index may rise to 106.00 resistance.
- On the contrary, if DXY closes below 104.00 support, the index may decline to retest 103.45 support.
Analysis by: Dat Tong, Senior Financial Markets Strategist at Exness
Bear control...After three attempt to goes to touch the upper line of big channel, DXY made three bearish daily candlestick and now can correct to 103.
On my view, all pairs can strong against Us Dollar. JPY is one of the best choice to choose.
Trade safe.
Good luck.
Bullish DXY Trade IdeaDXY is showing signs of bullish momentum on the 1-hour chart, looking to make a move toward the recent swing high. Positive U.S. economic data and ongoing dollar strength could continue driving price up. Stops are set below recent support to manage risk, with an eye on resistance at the 1-hour swing high as a target.
