DXY IndexDXY Index
Symmetrical Triangle as an Corrective Pattern in Short Time Frame
Completed " 12345 " Impulsive Waves
Break of Structure
Bearish Channel as an Corrective Pattern in Short Time Frame
DXY trade ideas
$dxy lower, $iwm to catch a bid back over 230?Seasonality headwinds this week and next but if dxy keeps heading lower and rates come down, I think the market will buck the trend.
Look at past years of strong January into Valentine's. Not all February's have ended weak the last 2 weeks.
DXY Is Bearish! Short!
Please, check our technical outlook for DXY.
Time Frame: 7h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The price is testing a key resistance 106.448.
Taking into consideration the current market trend & overbought RSI, chances will be high to see a bearish movement to the downside at least to 105.539 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!
DXY Weekly BiasMy bias for this index is bearish and the price might target the Sellside Liquidity at 105.4. My Optimum Trade Entry would be around the 107.28 Zone.
DXY Long
On the weekly Time Frame the DXY has broken above a previous weekly resistance level (wPb).
Price has since Re-Tested this level and seems to be finding Support.
Last weeks candle (week 6) printed what I believe, has proven to be a strong reversal candle (with Bullish Divergence), indicating the bearish correction (Re-Test of wPb) is about to reverse Long.
In light of this I'll be looking for a reason to enter Long on the 4h Time Frame, inside the wPb Zone & aiming for the w6 High.
Stumbling DXY ahead of Trump speech and FOMC minutesIt is make or break time for my ideas on the DXY after the DXY failed to hold levels above the 50-day MA at 108. The critical support between 107.2 and 107.5 is currently being tested after the DXY closed the week 1.2% weaker at 106.8 despite US CPI rising for the 4th consecutive month coupled with a rather hawkish yet upbeat testimony before congress from Fed chair Powell, which in my opinion was all dollar positive. US CPI for the month of January came in hotter than expected at 3.0% yoy, up from 2.9% in December. Additionally, on top of Powell’s comments regarding the strength of the US economy, the ISM Manufacturing PMI completely shattered expectations after coming in stronger than expected at 50.9 for the month of January. The DXY however pulled back sharply on Thursday off the back of a weaker than expected initial jobless claims report and a stronger than expected PPI print of 3.5% yoy. The downward momentum gained further traction after core retail sales completely missed expectations, contracting 0.4% mom in January.
If the DXY does not close this week above the support at 107.2 I’ll have to invalidate my series of ideas calling for a move to 112.2. A break below my support range mentioned above will allow the DXY to slide all the way onto the support of the 38.2% FIbo retracement at 105.4 and the 200-day MA currently at 104.9. I’m not ready to invalidate the idea just yet since we may be looking at a bear trap on the DXY but I may have to get back to the drawing board after this week’s trading.
Long time Sell!Hello all. DXY is on down trend and will go bellow 100. but it needs correction to go lower. today probably the first correction will happen, because market break the Important Low Structure. This idea will update Step-by-Step (wink)
DXY Discussion of the Week My Point of view,
Beware of the uptrend line ,
DXY Reached golden fibonacci zone,
All pairs reach the rejection level.
GBPUSD, EURUSD.
Bearish drop?The US Dollar Index (DXY) has reacted off the pivot and could drop to the pullback support that lines up with the 100% Fibonacci projection.
Pivot: 107.51
1st Support: 105.72
1st Resistance: 109.67
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Dollar index Based on our analysis, there is a high probability that Dollar may enter a bullish trend in the near future.
DXY Weekly Chart: "The Bull-trap Breakout"The US Dollar Index is currently positioned at the top of its trading range, which has been in play since 2023 on the weekly timeframe. This presents a solid bearish setup, as the index is likely to reverse and trade back into the range.
This trade idea has been in play since September of 2024 when we were still trading at the BOTTOM of the rang e
Dollar Index - Trump & TariffsWith a lot of fundamental conflicts at play, one being the tariffs war on China, EU, Mexico and Canada (we don’t know yet if any more countries will be affected), we are seeing the result in price action.
We are trading in a range from 110.176 - 106.969 and so far, Dollar has managed to support the weekly BISI @ the 107.500 region but also trade up to and reject the 109.770 HTF PD array.
Ultimately, it will be fundamental news that will grant dollar the necessary volatility to run to liquidity pools. My guess, to the downside
Weekly Analysis Video: GBPUSD and EURUSDHello Traders,
In this video, I present my ideas on GBPUSD and EURUSD.
After a week of waiting, we now have a clean intent on GBPUSD.
Find out on this video.
Thanks and cheers
DXY 1W IdeaPotential for a bullish pullback on the DXY Jones which could lead to a price movement towards the resistance level at 115.000
DXY │ S&P500 │NAS100 │GOLDFUNDAMENTAL, SENTIMENTAL AND TECHNICAL ANALYSIS of DXY and its implication on the correlated instruments noted in the title.
FUNDAMENTAL ANALYSIS
Bullish Indicators:
1. Stock Market: The market is near its highest point (6118 vs. a high of 6130), indicating positive investor sentiment.
2. Unemployment Rate: At 4%, it's relatively low and shows stability compared to the previous month (4.1%), which suggests a healthy labor market.
3. Business Confidence and PMI: Business Confidence (50.9) and Manufacturing PMI (51.2) are above 50, indicating economic expansion.
4. Current Account to GDP: Improved from -3.8% to -3%, indicating a slightly better external position.
Bearish Indicators:
1. GDP Growth: Both the quarterly (2.3%) and annual growth rates (2.5%) have declined, signaling a slowing economy.
2. Non-Farm Payrolls: Significant drop from 307K to 143K, suggesting weakening job creation.
3. Inflation: Increased from 2.9% to 3% with a MoM rise of 0.5%, indicating growing inflationary pressures.
4. Balance of Trade and Current Account: The trade deficit widened from -78.94 to -98.43 USD Billion, and the current account deficit worsened, showing external sector weakness.
5. Government Budget Deficit: Increased from -5.4% to -6.2% of GDP, reflecting fiscal strain.
6. Consumer Confidence and Retail Sales: Consumer Confidence fell to 67.8 from 71.1, and Retail Sales dropped by -0.9%, suggesting weaker consumer spending.
Overall Sentiment: Bearish
Despite some positive indicators like the stock market's strength and a stable labor market, the slowdown in GDP growth, weak payroll data, rising inflation, worsening trade balance, and declining consumer confidence suggest a cautious outlook. The economy appears to be losing momentum, leading to a bearish sentiment overall.
SENTIMENTAL ANALYSIS
Large spec commercial traders are particularly bearish against the dollar ( Commitment of Traders (COT) Analysis for USD Index (ICE Futures U.S.) )
TECHNICAL ANALYSIS
1. DXY
2. S&P500
3. NAS100
4. GOLD
DXY Long into Zero Issuance WindowThe DXY was hammered when bad economic data came in last week. It also took a hit when a 30-year bond auction rallied the long bond, and caused yields to drop.
This move of dropping also occurred as the Treasury issued bills almost every day of the month, but now there's a window where no bonds will be auctioned until Tuesday.
The chart structure shows a falling wedge consolidation which bounced from the bottom, and this is a key level which resulted in a pivot going back to November 2023.
If DXY can solidify a support where there used to be resistance, this could add confidence to a further swing upward.
DXY up first before the fallThis is one scenario for DXY, USD Index
We are waiting for DXY to go up first before the next drop
In all the cases, sell setup is what we will wait for mid term, Short term you can look for buy setups.
DXY Bullish Setup
106.50 seems to be a good support to resume DXY bull rally to go for a new wave 3 near 113
105.40 is likely strong support for the current wave, aligned with the long term axis line
DXY - Interesting Development Post CPIDear Friends,
How I see it:
1St 1W TF Body close below 107.000 in 2 months!
Possible Resistance levels -
1) 107.330
2) 107.500
Next Support levels -
1) 105.700
2) 105.415
Thank you for taking the time to study my analysis.
DXY Feb 10 to 14 weeks analysis DXY
Feb 10 to 14 weeks analysis
Weekly Price has dropped past the .50 level, seeking key sell stops, completing its rebalance of a BISI from dec.
Fridays candle body breaks institutional structure order flow. Note how on Thursday prices reaction on the .50 level in the current trading range and energetically displaces to below the .618 and how Friday continues that trend to the .70 level.
Note how Price spent a lot of time at the 50 on this range and has swept sell stops.
Note that Price is in a double discount on the daily and hourly.
Note how Price has predominately working the lower half of the HFT FVG since Dec 18.
Note that Price has taken all sell stops but the two remaining since Dec 6 low.
Feb 17 to 21 ideas
This week we could see price retraces to rebalance Thursdays inefficiently delivered price as a shot term idea. There could be a raid on stops at the noted equal highs before bearing lower, as an idea for the week.
However if we are in fact bearing it will gravitate to the Daily BISI and noted sell stops-short and long term targets.
This week I want to focus on what liquidity is taken and when. TIME AND PRICE. I have been studying before the market and making a projection and EXCEPTING it to play out. That strategy while informative is creating a habit of inflexibility to me not being dynamic and flexible.
I want to be adaptable to what the tape is reading and create a day plan from there.
DXY retracementDXY looking to cool down a bit, not sure if it can retrace that high but it possibly retests the head shoulder, which aligns with 0.68 fib level, for a continuation down.
