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U.S. Dollar Index

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DXY trade ideas

Dollar Index 4hr analysisContinuing our scenario analysis and forecast on the weekly and daily timeframes, here are the reasons for which we believe that at the moment the most likely scenario to play out is scenario 1 (dollar strength), from now on or soon: 1. the flat most likely to play out in the daily is a regular flat (dark blue) because the flat inside it (light blue) is the one that looks most proper, or "ideal", as it has a perfect correction inside it to mark the b wave (marked by a circle, both on the chart and on the macd). 2. the contracting flat that you can see in part 2 of our daily analysis, is a terrible looking correction because even it it were a contracting flat, still the b wave inside it should be the most corrective piece, and it isn't. 3. there is growing divergence on the way down in this last move down on the 4hr, which indicates a potential turn. Please follow us if you feel that our analysis or setups can be of help! Thank you for viewing.
TVC:DXYLong
by TradingClear
Which scenario now for DXY ? (weekly timeframe) - part 2This is the second scenario that could still play out on the dollar index. If you've seen part 1 of this analysis, you will know that I have mentioned the fact that a solid direction has not yet been taken nor been confirmed. In this second scenario, opposite to scenario 1, the dollar will continue to be weak, therefore it will continue it's road to the downside. weakness. Technically speaking, if this is the scenario that will play out, then the flat in the middle (marked by the yellow lines) is a contracting flat. We like this scenario less, and we think this is the least likely scenario, because inside the alleged (contracting) flat, the b wave is the one which is the least corrective, which doesn't really "work" for a b wave. At the moment, we cannot entirely rule out this scenario, however, because we are in fact moving under (maybe consolidating under) what would be the trend line if that really is a contracting flat. However, considering we are "getting tired" of going lower (pls see 4hr timeframe analysis), considering we the likelyhood of scenario number 1 and considering we are at a low price, we will start looking for buys on the dollar (so sells on eurusd for instance).
TVC:DXYLong
by TradingClear
Which scenario now for DXY ? (weekly timeframe) - educationalWhich scenario is going to unfold, at this point, on the dollar index on the weekly and daily timeframes? That is the question everyone's asking. There are two scenarios still possible, because the direction has not been either taken not confirmed as yet. This is scenario 1: we will now go for a reversal of the dollar (dollar strength) to complete a regular flat, before resuming the downside. Is this the most likely scenario? At the moment it seems it is, because on the daily timeframe you can see that the movement that occurred between December 23 and April 24 has the biggest correction inside, which would make said movement the B wave of the internal flat (marked in light blue). At this point, we are therefore starting to look for buy opportunities on the dollar index, so sell setups on eurusd for instance.
TVC:DXYLong
by TradingClear
Inter-market analysis I'll conduct an inter-market analysis focusing on the relationships between various financial instruments over different time frames. 1. Short-term view (Image 2 - approximately 1 month): - Gold (yellow line) has been the best performer, showing a steady uptrend and currently up 5.07%. - The U.S. Dollar Index (green line) has been relatively stable, with a slight decline of 0.06%. - SPX (red line) has shown some volatility but is up 1.18%. - Bitcoin (blue line) and WTI oil (white line) have been more volatile, with Bitcoin currently down 2.57% and WTI down 4.94%. 2. Medium-term view (Image 1 - approximately 3 months): - Gold continues to be the top performer, up 13.69%. - The U.S. Dollar Index has weakened, down 4.91%. - SPX has recovered and is now up 4.25%. - Bitcoin has shown significant volatility but has recovered to a 1.91% gain. - WTI oil has had a strong recovery, now up 10.56%. 3. Long-term view (Image 3 - approximately 9 months): - Gold has been the most consistent performer, up 28.21%. - Bitcoin shows the highest volatility, with dramatic swings, currently up 39.39%. - SPX has had a steady uptrend, now up 20.31%. - The U.S. Dollar Index has weakened over this period, down 1.56%. - WTI oil has recovered from earlier lows, now up 1.47%. Key observations: 1. Inverse relationship between Gold and the U.S. Dollar: As the dollar weakens, gold tends to strengthen, which is evident across all time frames. 2. Bitcoin's high volatility: While showing strong performance over the long term, Bitcoin experiences significant short-term fluctuations. 3. Steady performance of equities (SPX): Despite some short-term volatility, the stock market has shown resilience and growth over the medium and long term. 4. Oil price recovery: After a period of weakness, oil prices have shown a strong recovery in the medium term. 5. Safe-haven appeal of Gold: Gold's consistent performance across all time frames suggests its role as a safe-haven asset during periods of market uncertainty. This analysis suggests a market environment characterized by dollar weakness, strength in alternative assets like gold and Bitcoin, and resilience in equities. The recovery in oil prices could indicate improving global economic expectations. Investors appear to be balancing between risk assets (equities, Bitcoin) and safe-havens (gold), possibly hedging against inflation or economic uncertainty.
TVC:DXY
by Moshkelgosha
DXY Analysis: Wyckoff Accumulation Suggests Upside PotentialDXY Analysis: Wyckoff Accumulation Suggests Upside Potential The Dollar Index (DXY) recently bottomed following an extended period of consolidation, marking the end of a Wyckoff Accumulation pattern on the chart. This phase of accumulation indicates that the dollar has likely built enough momentum for a bullish move. In the near term, I expect DXY to rise toward 101.6, followed by further strength taking it to 105.55 by the end of the year. As the accumulation phase transitions into a markup phase, the dollar is set for a period of appreciation.
TVC:DXYLong
by Hexacapital
Dollar Index SellAs dollar index had expierenced waterfall during new on US session and it has stopped over its weekly support and is also forming a falling wedge pattern which is a Bearish Continuation pattern now and it has also completed ABCD waves and going to complete its last E wave if everything goes inline after E Waves it will break down its weekly to daily Support and will start falling again after a reset market sentiment is also indicating that DXY will continue falling also the confluence is price is trading in down trend on daily to H4 to H1 TF and bullish in weekly and monthly TF according to my anylisis DXY will keep falling till its weekly base acting as support on 98.00
TVC:DXYShort
by Wakeel_Saab
USD, DXY - RSI Divergence After Fresh Yearly LowThe Fed leaned dovish last week with the 50 bp cut, also highlighting their expectation for another 50 bps of cuts into the end of the year. Initially the announcement brought out USD bears as DXY pushed down for a fresh yearly low. But shortly after the currency began to pare back those losses and it finished in the green for the day last Wednesday. There was continued grind into the end of last week but notably, prior support structure had held after the false breakdown on Wednesday. At this point, there's now a case of RSI divergence on the daily chart with the indicator setting a higher-low after that lower-low in price. This is on the heels of the oversold reading via RSI on the weekly in late-August. The push point for this week is the Core PCE data set for release on Friday. And until we get to that, there will be multiple points of Fed-speak, such as we saw this morning with Austan Goolsbee. He sounded quite dovish and it wouldn't surprise me to hear more of the same. But the more interesting scenario here is if the USD continues to hold support even as the Fed speaks of more loosening. EUR/USD would be one of the more attractive major pairs for USD-strength while GBP/USD and perhaps even USD/JPY are more attractive for scenarios of USD-weakness continuation. - js
TVC:DXY
by FOREXcom
DXY (Dollar) Sells from 101.700For the DXY, my outlook is that the price will retrace back up to 101.700 before continuing its bearish trend with another drop. Since that point of interest (POI) is still far from the current price, I’ll be looking for a potential buy setup around the 100.800 area, which aligns with a 3-hour demand zone. If the price respects this zone, it could generate enough momentum for the pullback. We’re already seeing a strong reaction from the 9-hour demand zone I marked last week, supporting this scenario. A further decline in the dollar will serve as a confluence for bullish moves in my other pairs. Have a great trading week, everyone!
TVC:DXYShort
by Hassan_fx
Levels discussed on Livestream 23rd September DXY: Currently at 101, could retest bearish trendline and reject to trade down to 100.60. If trendline broken, needs to break above 101.40 for further upside to 101.80 NZDUSD: Sell 0.6195 SL 20 TP 40 AUDUSD: Sell 0.6775 SL 20 TP 65 GBPUSD: Sell 1.3245 SL 30 TP 70 EURUSD: Buy 1.1090 SL 25 TP 90 USDJPY: Sell 143 SL 35 TP 95 USDCHF: Sell 0.8540 SL 30 TP 105 USDCAD: Do Nothing Gold: Currently retracing, look for possible reaction at 2600, esp for a rebound.
TVC:DXY
by JinDao_Tai
Dollar Index (ICE) (READ DESCRIPTION)Dollar Index (ICE) Intraday Analysis: Potential Decline of 1620 - 3620 Pips Pivot Point: 101.0000 Primary Strategy (Our Preference): Entry Point: Consider initiating short positions below the pivot level of 101.0000. Target Levels: The first downside target is set at 100.6000, with an extension towards 100.4000 if bearish momentum continues. Alternative Scenario: Upside Risk: If the price rises above 101.0000, expect potential targets at 101.2500 and 101.4500. Technical Outlook: Market Dynamics: As long as the resistance at 101.0000 holds, the risk of a decline below 100.6000 remains significant. Caution is advised, as market conditions can change rapidly.
TVC:DXY
by CharivapaAlgo
DXY Will Go Up From Support! Long! Take a look at our analysis for DXY. Time Frame: 15h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is trading around a solid horizontal structure 101.074. Taking into consideration the structure & trend analysis, I believe that the market will reach 102.576 level soon. P.S The term oversold refers to a condition where an asset has traded lower in price and has the potential for a price bounce. Overbought refers to market scenarios where the instrument is traded considerably higher than its fair value. Overvaluation is caused by market sentiments when there is positive news. Like and subscribe and comment my ideas if you enjoy them!
TVC:DXYLong
by SignalProvider
1
DXY continuation move expected**Monthly Chart** Last month's DXY candle closed as bearish after a strong push down breaking the previous monthly range. This month's candle (which is still active) went lower and took out the low of Dec 2023. Currently, it is testing the low of July 2023 and MC (OB) area. **Weekly Chart** Last week, the candle closed as a bearish indecision candle after taking out the liquidity below the 26th of December 2023. DXY is currently in the demand zone and testing weekly Manipulation candles for July 2023. **Daily Chart** DXY overall trend is still bearish. The next target is around 99.50 which is the low of July 2023. I would like to see DXY continue its move lower to at least break the low of July 2023 before it moves higher.
TVC:DXYShort
by PropSignals