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Bearish continuation?US Dollar Index (DXY) is risng towards the pivot which is a pullback resistance and could drop to the 1st support. Pivot: 99.21 1st Support: 96.50 1st Resistance: 100.58 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.
TVC:DXYShort
by ICmarkets
USD Falling Wedge Breakout - Bulls Continue to Turn the TideThe USD showed oversold conditions via RSI on both the daily and weekly chart as we began Q3. But, so far, the new quarter has shown a change-of-pace, as the currency has continued to rally with another topside breakout today around CPI data. The breakout today happened at a big spot - as the long-term fibonacci level at 97.93 had previously helped to hold support back in April, leading to the bounce that ran into May. More recently that price had come in as resistance, until this morning's breakout. And it was in the immediate aftermath of the CPI release that buyers came in to hold the low at that exact level five minutes after the data dropped, and that led to a strong breakout in the USD as bulls took over. The move is still fresh, however, as we haven't yet seen 23.6% of the sell-off from H1 get clawed back. The retracement from that move plots at 99.63, with the 100.00 level sitting overhead. Below that price, the 99.39 level remains notable as this was a June swing high, and now functions as a follow-through resistance level. Bigger picture, it's the 101.65-102.00 zone that bulls will need to show up at to make this into anything more than a corrective pullback in a broader bearish trend. - js
TVC:DXY
by FOREXcom
1
DXY LONG SETUP | Skyrocketinggggg This is a bullish setup on the U.S. Dollar Index (DXY), taken from the 1H timeframe using Smart Money Concepts. Price retraced into a clearly defined 1H demand zone where it also tapped a trendline support, creating a strong confluence +an LQC. The zone had internal liquidity swept and price mitigated a bullish order block, indicating potential institutional re-accumulation. Entry was taken after bullish confirmation within the zone (engulfing candle), aligned with my SMC strategy which targets liquidity grabs and mitigation zones. 🔹 Entry: 98.06 🔹 SL: 97.83 (below the zone and structure) 🔹 TP: 99.11 (previous H1 high & clean supply zone) 🔹 RR: Approx. 4.5R 🔍 Technical Confluences: Demand zone + OB mitigation + LQC Trendline reaction (support respected) Liquidity sweep + BOS (Break of Structure) Clean imbalance above = fuel for price Bullish engulfing as confirmation 📰 Fundamental Bias: Today’s U.S. Jobless Claims came in better than expected, signaling labor market strength. Additionally, Retail Sales data was positive, reinforcing USD strength. These support a hawkish Fed narrative, aligning with our bullish technical setup. Bias remains bullish unless price closes below 97.83 (invalidation level).
TVC:DXYLong
by sam_trades_smc
Dollar looks ready to blast off...we'll see if its a risk assetBasic, strength and pattern analysis. Dollar appears to be completing its Primary A wave of a cyclical correction. Strength has built up, the pattern looks right, and leave it to a large magnitude A wave to complete in a no man's land of Fib support...(ABC extension corrective not pictured). I would expect a run back up to the Intermediate B over the next 6-8 months, and maybe even higher. One more low is possible, but not necessary...neither from a pattern perspective, nor from a strength perspective, although I have a little extension box below in green, and if it is to extend, that is the target.
TVC:DXYLong
by CuzDelux
Weekly DXY OutlookWeekly DXY Outlook - Updated DXY is still bullish and is rising slowly On the weekly chart, the US Dollar Index (DXY) has reached a critical zone that was last tested in February 2022. While a rebound is not guaranteed, the fact that the DXY has declined nearly 12% over just six months—despite a resilient U.S. economy—suggests the potential for renewed strength in the dollar. I think the index could begin a recovery toward key levels at 100.00, 101.97, and possibly 106.00/ It’s worth noting that the broader bearish trend began with the trade tensions initiated during the Trump administration, which strained relations with several major trading partners. Given that this is a weekly chart, it should be used more as a reference point rather than a trading signal. You may find more details in the chart! Thank you and Good Luck!
TVC:DXYLong
by KlejdiCuni
DXY Short Very Soon going to $96 or lowerCorruption has broken out all over America. Nothing good can come of this. Wait for a solid Red weekly bar on DXY and short until 96 or lower. - Earthquakes - Wildfires over 600 - Floods - Riots - Epstein Files - Housing (Only for the rich) - Rental Increases - Home Insurance Price increases - Fraud for the Elite (Multiple Coins Created with withdrawals outside of US involving other Presidents) - Crypto Investigations on Politicians - Children Migrants being deported (Age 6 with Cancer) TVC:DXY FX_IDC:CADUSD ECONOMICS:USTR FRED:TREASURY
TVC:DXYShort
by MatrixBits
DXY Outlook: Bullish Move Fueled by Fundamentals & GeopoliticsTechnical Analysis (4H Chart & Broader Context) 📈🕓 The DXY 4H chart shows a clear bullish trend 🚀, with higher highs and higher lows since early July. DXY has caught a strong bid, breaking above short-term resistance near 98.40 and now eyeing the previous swing high 🎯. This matches the consensus among analysts: DXY remains in a bullish structure, with momentum supported by both technicals and macro factors. Key resistance: Next upside target is the previous high (around 99.60 on the chart), with further resistance at the psychological 100 level 🏁. Support: Immediate support at 98.20, then 97.60 🛡️. Momentum: Strong bullish candles and no major bearish reversal signals on the 4H. Some analysts note positioning is stretched, so a short-term pullback or consolidation is possible before more upside (IG). Fundamental Analysis 💹🌍 Why is DXY rallying? Fed Policy & US Data: The US economy is resilient 💪, with robust services data, strong retail sales, and a recent uptick in core inflation. The Fed is less dovish, with markets now expecting a slower pace of rate cuts 🏦. Interest Rate Differentials: The US keeps a yield advantage as the Fed is less aggressive in cutting rates compared to the ECB and BoJ, especially with Europe and Japan facing weaker growth and possible further easing 🌐. Geopolitical Factors: Ongoing trade tensions (Trump’s tariff threats) and global uncertainty (including Middle East risks) are driving safe-haven flows into the dollar 🛡️🌏. DXY typically strengthens during periods of geopolitical stress. Positioning: CFTC data shows USD long positioning at multi-month highs, which could mean the market is crowded and vulnerable to short-term corrections ⚠️ (IG). Trade Idea (Bullish Bias, Targeting Previous High) 💡💵 Setup: Bias: Bullish, in line with the prevailing trend and macro backdrop 🟢. Entry: Consider buying on a minor pullback to the 98.20–98.40 support zone, or on a confirmed breakout above the recent high 🛒. Target: Previous swing high near 99.60, with a stretch target at 100.00 🎯. Stop: Below 97.60 (recent swing low/support) ⛔. Risk Factors: Overbought positioning could trigger a short-term pullback ⚠️. Any dovish surprise from the Fed or rapid de-escalation in global tensions could cap further gains 🕊️. In summary: The DXY’s bullish trend is underpinned by resilient US data, a hawkish Fed, and global risk aversion. Your bullish bias is well-supported, with the previous high as a logical target. Watch for short-term pullbacks, but the broader trend remains up unless key support is lost. 🚦
PEPPERSTONE:USDXLong
by fxtraderanthony
DXY Bullish Pennant (awaiting breakout)**1-hour timeframe** of the **US Dollar Index (DXY)** with technical analysis applied. Here's the breakdown: **Technical Analysis Summary:** **Current Price:** * Around **98.08**, trading just under the **7 EMA (98.09)**. **Bullish Structure:** * A strong **bullish impulse leg** is visible (sharp green candle rally). * Followed by a **bullish flag/pennant** pattern (marked in red), which is typically a **continuation pattern** in an uptrend. * The flag is forming after a steep upward move — suggesting **consolidation before potential breakout continuation**. **EMA Trend Support:** * **EMA 7, 21, and 50** are aligned bullishly: * EMA 7 > EMA 21 > EMA 50 * This supports the **short-term uptrend** structure. **Support Zones:** * A strong **demand zone** is marked between **97.50–97.70** (highlighted in red), where price previously consolidated before the breakout. * EMA 50 also sits around **97.72**, reinforcing this as a strong **pullback support level**. **Possible Scenarios:** 1. **Bullish Continuation:** * If the price breaks above the flag resistance, it may **rally towards 98.70 → 99.00 → 99.10**. 2. **Bullish Pullback:** * If price dips to retest the support near **97.80–97.90** or EMA 21, and holds, it may bounce and continue upward. **Conclusion:** * **Trend:** Bullish * **Pattern:** Bullish Pennant (awaiting breakout) * **Support:** 97.72–97.90 * **Upside Targets:** 98.70 → 99.00+ * **Outlook:** Positive bias continues **as long as price holds above the support zone** and EMAs.
CAPITALCOM:DXYLong
by Harry_Megat
DOLLAR INDEX U.S. Economic Data Release on the July 15th Key Inflation Indicators Indicator Current Forecast Previous Core CPI m/m 0.2% 0.3% 0.1% CPI m/m 0.3% 0.3% 0.1% CPI y/y 2.7% 2.6% 2.4% Core CPI m/m came in slightly below forecast, but still accelerated from the previous month, indicating underlying inflation pressures remain present. Headline CPI m/m matched expectations, showing persistent monthly price growth. Annual CPI (y/y) registered above forecast, indicating inflation is running hotter than previously expected and at its highest level since early 2025. Empire State Manufacturing Index Indicator Current Previous Empire State Manufacturing Index 5.5 -8.3 The sharp rebound from negative territory signals a marked improvement in manufacturing sentiment in the New York region, pointing to possible resilience in U.S. industrial activity. Market Implications US Dollar (USD): Inflation coming in at or above forecast (annual and headline monthly), along with better-than-expected manufacturing data, has support the USD in the short term. Stronger inflation weakens the case for near-term Federal Reserve rate cuts. Treasury Yields: Yields edged higher as bond traders weigh persistent inflation against a resilient economy, with less urgency for monetary easing. Equity Markets: Slightly hotter inflation and improved factory activity brings mixed reactions. Investors could become cautious over reduced chances of Fed rate cuts, but healthy manufacturing data may fuel selective equity support. Commodities: Gold and other non-yielding assets faced modest headwinds from a stronger USD and rising yields. In summary: U.S. inflation data for June shows headline and annual CPI above forecast, and core inflation still rising, suggesting persistent price pressures. The Empire State Manufacturing Index rebounded sharply, signaling improved business sentiment. These surprises likely reinforce expectations for a cautious Federal Reserve, with possible USD gains and ripple effects across equity, bond, and commodity markets. #DXY #DOLLAR
TVC:DXYLong
by Shavyfxhub
Dollar MoonHey, Been a while that I shared a chart here, sorry for that. I love the place where the dollar is at the moment. The easiest plays are from these long-term value areas, and this one is also stacked with a trendline making it a bit more obvious for everyone. The daily trend is broken since yesterday, shifting bullish long-term. I think a daily pullback is likely, perhaps even back to daily lows to fill up demand. But long-term, I am super bullish for the dollar. The $ has been bullish since 2008, we all see it. Time for the next leg up. Let's go! Kind regards, @ mnieveld
TVC:DXY
by newcapitalfx