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U.S. Dollar Index

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DXY trade ideas

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.
TVC:DXYShort
by GODOCM
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.* 📊✅
TVC:DXY
by fxtraderanthony
2
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
TVC:DXYShort
by KovachTrader
USDJPY Selling Idea from 105.685-106.57 USD Selling Idea from 105.685-106.57 The overall bullish trends have already respected the basal trendline and after the Trump win the US dollar will get more gain and the price right now at a good level for short term reversal and market will be touch the basal trendline to got clear his directions. The optimum selling zone will be starting from 106.57-105.685. The Setup will be the 1:2 Risk reward ratio. Rules: 1. Wait for the market movements at 105.685 if you see some price rejections with volume increased then must place Stop Loss over the 106.57 and take profit level will be 1:2. 2. Price rejections at the level and after the confirmations will must be increased the profitability ratio.
PEPPERSTONE:USDXShort
by Bloom_Forex_Official
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.
TVC:DXYLong
by E8Markets
DXY (dollar index) Out lookMy bias for the dollar is that it may start to slow down and experience some pullbacks, likely to fill the imbalances below and capture some liquidity. However, I also see Scenario A playing out, which could push the price upward and continue the bullish trend. Given the current market conditions, I expect these retracements, which also align with my outlook for EU and GU. Confluences supporting my bullish bias on the dollar: - The DXY has been very bullish and has broken significant structure to the upside. - The DXY has surpassed the key psychological level of 105.00. - There is still a lot of liquidity to the upside that needs to be taken. - Clean demand zones are in place, reinforcing my bullish outlook. P.S. Be cautious and watch for the major red news on Wednesday, specifically the CPI event, as it will provide key insight for the forecast. I expect the dollar to retrace ahead of the news, but once it's released, I anticipate the dollar will shoot back up.
TVC:DXYLong
by Hassan_fx
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.
TVC:DXYLong
by ICmarkets
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.
TVC:DXY
by EZIO-FX
Dollar long to short (A controversial idea)It is no surprise that we have seen an influx of buyers in the dollar market since september when the news about Trump running for the election for a second time built alot of trust in the dollar. However, I don't believe this will last for very long. Market open we will see either one of two scenarios play out... scenario A: price will push up slightly causing a further BOS to the upside and taking ASH liquidity before then retracing into the 2H demand in order to mitigate the weekly supply deeper. Scenario B: Price will drop taking out the buyers from the 2H demand as this area is not yet validated by a structural break, price will then fill the 8H IMB and continue its push upwards into the weekly supply which is further validated against my XAU/USD breakdown. In conclusion, if not this week then within the next coming weeks we will see price react from this weekly supply or the weekly IMB above in order to continue in its overall downtrend. REMEMBER all it takes for the DXY to continue dropping is a major news event
TVC:DXYLong
by JamelCapital