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U.S. Dollar Index

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DXY trade ideas

DXY Its about DXY in a high timeframe analysis. the price is currently at a critical daily level and is indicating signs of potential rejection from this level. Considering this analysis, here are some key points to take into account: 1. **Critical Daily Level**: is significant as it may act as a strong support or resistance point for the DXY. 2. **Rejection Signal**: The signal showing a potential rejection from this level implies that there could be a shift in momentum or a reversal in the price movement. 3. **Confirmation**: It's essential to seek confirmation from other technical indicators, price action patterns, or fundamental factors to validate the potential rejection and strengthen your analysis. 4. **Risk Management**: Implementing risk management strategies, such as setting stop-loss orders, is crucial to protect against adverse price movements in case the rejection signal does not play out as anticipated. 5. **Market Monitoring**: Stay updated on economic data releases, geopolitical events, and other factors that could impact the US dollar to make well-informed trading decisions. By considering these factors and conducting thorough analysis, you can better navigate the market dynamics surrounding the US Dollar Currency Index in high timeframes. If you need further assistance or more detailed insights, feel free to ask.
TVC:DXYLong
by somayehbasiri
Bots vs Brains; The hidden edge of Human touch in tradingBots vs Brains; The hidden edge of Human touch in trading A random Google search on the internet about forex trading robots reveals thousands of forex robots exist. With all these trading robots promising handsome returns in the shortest time, the forex trading industry should be minting new millionaires daily. However, statistics from forex brokers paint a sad picture—a failure rate as high as 90%. In 2024, you can’t go a day without reading or watching a reel about Artificial Intelligence (AI). The high failure rate, especially in the world of finance, is baffling given all these technological advancements. This led me to take a deeper look into the world of automated forex trading, also known as bots or Expert Advisors (EA). Overview of Automated Trading A trading bot is software developed to analyze financial markets and execute trades on your behalf. Semi-automatic trading bots analyze the markets but do not execute trades. Large financial institutions, such as banks and hedge funds, use specialized algorithmic trading bots. These institutions bring together mathematicians, programmers, and economists to develop sophisticated algorithms. Needless to say, it requires significant financial resources and time to develop these bots. Development can take at least six months, followed by an additional six months of testing. The high cost makes these bots inaccessible to retail traders. Retail traders, however, are not left out. There are individuals and software platforms where you can develop your own trading bot. These bots are often marketed as being developed by experts with deep market knowledge—or so I thought. Trading bots follow specific rules based on the developer’s strategy, which ideally should mirror the success of an experienced trader. Therefore, if a trader is profitable, the bot should at least mimic their results, if not surpass them—more on this later. Before launching these bots, developers conduct extensive backtesting and refinement to optimize them for ideal market conditions. Advantages of Automated Trading Developers of trading bots often market them as superior to manual trading. They emphasize the need to eliminate human error and emotions, highlight faster execution speeds, and promote the ability to trade 24 hours a day as long as markets are open. Additionally, bots can save traders significant time that would otherwise be spent analyzing markets and executing trades. On the surface, purchasing trading robots seems like a smart decision. Limitations of Automated Trading Bots rely on historical data, assuming the future will mirror the past. However, global events are unpredictable. Take, for example, the 2008 financial crisis or the sudden shock of COVID-19—events like these can completely throw off a bot’s programming. Robots struggle to adjust to such volatility unless they’re frequently updated with new data, which many are not. This is a major limitation, especially when you consider how quickly the forex market moves with trillions of dollars in circulation. Earlier, I mentioned that robots are supposedly developed by profitable traders. But to my surprise, I found that with little trading experience, anyone can create a robot on platforms like EA Trading Academy. All it takes is registering, selecting a few parameters, running a back test, and then selling it. It’s really that simple. The ease with which these bots can be built raises questions about their reliability, especially when they aren’t crafted by experts. I even plan to build one myself, and I’ll give you feedback in a year’s time. Why I Think Robots Don’t Work The main issue is that there’s a shortage of consistently profitable traders. A trader who dedicates the time and effort to developing a reliable robot is likely to charge a hefty fee. The likelihood that they would focus solely on developing robots instead of trading themselves is very slim. This makes me wonder—who is actually building all these robots? If most profitable traders are busy trading, it raises concerns about the experience level and expertise of those creating the majority of these products. Secondly, trading styles vary significantly from trader to trader. Purchasing a robot based solely on profitability or low cost is unwise. In addition to checking a developer’s track record, you should assess whether their risk tolerance and trading approach align with yours. For instance, buying a scalping robot when you prefer swing trading could be a costly mismatch. Finally, purchasing robots without a solid understanding of the markets is irresponsible, and the disasters that follow are often justified. Many experienced traders who have tested and reviewed bots on YouTube agree that 99% of them are either scams or simply don’t work. I encourage you to watch some of these reviews to see for yourself. The Future: Automation vs. Human Touch Mastery in trading comes from a combination of skill, time, and experience. While bots claim to save you the time spent on analysis, it's precisely that time—the deep learning and constant market study—that ultimately leads to true mastery. There are no shortcuts. Bots may be designed to minimize human error, and in theory, they do. But the reality is that even the most sophisticated bots are not infallible. They can and often do fail, sometimes catastrophically. When accounts are blown—whether by a human or a bot—it’s still the trader who bears the loss and the disappointment. So, while bots may reduce human error, they can never eliminate the human responsibility for those errors. Trading the financial markets is a craft like any other. Automation, AI, and machine learning can be valuable tools in your journey to becoming a skilled trader. They cannot replace the critical thinking and adaptability that come with human experience. AI can assist by analyzing large sets of data, flagging trends, or executing trades faster than a human could—but the nuanced understanding of market sentiment, global events, and individual risk tolerance is something only a human can develop through dedication and practice. Automation might help you refine your craft, but it's the time spent learning, making mistakes, and adapting that leads to true mastery. As promising as they are, AI and bots are tools—not substitutes—for the expertise that comes from being deeply engaged in the markets. Others before you have achieved mastery, and with enough commitment, you can too.
CAPITALCOM:DXYEducation
by morrisgitau
3
The Mallicast team's analysis of DXY (U.S. Dollar Index) The analysis of the dollar index for the third week of September by the Mallicast team indicates that in the monthly time frame, the overall trend remains bearish, and the price floor can be considered around 99.538. However, in the daily and weekly time frames, a corrective move is expected. Therefore, the potential price ceiling is forecasted to be 101.340. Given these conditions, it is possible to anticipate a renewed upward movement in dollar-related currency pairs this week.
TVC:DXYShort
by mallicast
DXY UPDATED w/ Eurozone Interest Rate & U.S. Jobless Claims originally posted here . 102.500 DXY in the coming weeks? The Eurozone has opted to keep interest rates stable at 3.65%, signaling a wait-and-see approach to current economic conditions. Meanwhile, U.S. jobless claims have come in 3,000 lower than expected, reflecting a stronger U.S. labor market. This divergence in data is likely to put pressure on EUR/USD, with the U.S. dollar gaining strength from robust employment figures while the Euro remains steady amid unchanged monetary policy. I’ll be watching for potential bullish DXY into the next trading sessions.
TVC:DXYLong
by trader9224
USD - A Higher-Low for This Week After the Oversold W1 Read I had published an idea on the weekly oversold reading in DXY ( linked here: ) in late-August and as I said then, those are rather rare, and the last time we had one of those was in January of 2018. In that episode it took about three months of grind after the oversold reading for bulls to take over. And we haven't yet taken that low out since. But that's a single sample and RSI is a lagging indicator - so we have to be careful of drawing too much from that data. It does however highlight how the trade became crowded after a prolonged trend showed on a longer-term chart and as we've seen since the most recent instance, bears haven't been able to continue the move. And, as a matter of fact, there's been a more recent build of higher-lows. Last week showed a higher-low around the NFP release, and then this week showed a higher-low after the ECB 'rate cut rally.' The point of consternation here is USD/JPY and the carry trade. That pair hasn't yet touched the 38.2% retracement from the trend produced by the carry trade and that says that there could be much more to go. This is something that could be driven by next week's FOMC rate decision; and perhaps more important than whether its 25 or 50 bps is the question of how aggressive the Fed expects to be in November, December or through 2025 trade. This will be transmitted through the dot plot matrix and if it shows the FOMC leaning hard into a dovish posture, carry trades in USD/JPY could be further compelled to show greater unwind and that's something that could continue to drive the USD-lower. On the other hand, if the Fed takes more of a wait-and-see approach, carry trades could be a bit less alarmed and given the support that's just come into play in USD/JPY, there could be some short-cover from shorter-term traders that could lead to more of a bounce-type of scenario. Also of interest on the long side of the USD is just how elevated EUR/USD remains despite the fact that Europe isn't exactly in a more-healthy spot, economically speaking, than the US. - js
TVC:DXY
by FOREXcom
Completion of the correction of the dollar index DXY.H4 13.09.24Completion of the correction of the dollar index DXY The dollar index has completed its upward correction and now we are waiting for a downside downdraft on the Fed on the 18th of September. In fact, the currency futures expiration has now passed and the gap that you see in the quotes is caused by a large divergence of forward point, that is a purely technical picture. Some suppliers may have different quotes by the numbers. From current levels +- I expect a correction up again and a continuation of the fall after Powell's speech on Wednesday 18 September. I do not set targets at the low yet, I will be looking at it in the process
TVC:DXYShort
by KovachTrader
1
The 4HR USDX W-Bottom Rocketing USD - Today! I know it reads like a headline in a newspaper trying to sell the Sunday paper, but that is really not me. But I am also not the kind of person who finds keeping a good secret - a secret. We are all here on Tradingview to watch each other's backs in a risk management and learning experience kind of way, in relation to being a consistent and profitable trader. A couple of things to be aware of today in your Friday-trading. I am quite convinced that the USDX will be propelled upwards & finally through 101.85 causing a sustained breakout in the dollar over the next several days to a week. I see this occurring right before, at the open or within in an hour or 2 of the NY market session today. What reason(s) do I have to be propagating this type of fear and panic into Traders today. I will tell you right below! The 4HR W/Bottom is now properly formed. Well the finishing touches are being made to the right-side of the W as I write, which will give the dollar plenty of relative strength. Helping that cause? Well of course that would be the momentum -oscillators RSI & Stochastic's on the higher timeframes. I watch these a lot in my own trading because they warn me about supply/demand levels especially when commodities, currency's, stocks, metals etc, enter their overbought and oversold zones - for example the USD has been beaten down the past month or so and it's now oversold, but when something is oversold, provided that it's a commodity, currency or thing that people want and demand again, it's oversold state becomes one with increasing buyer demand at cheaper prices - then boom - breakout. I will be watching closely the Vix Index as well. I see it possibly breaking higher than 15% today and as for Gold - well after yesterday's shot-in-the-arm, I for one will be Shorting it back to 2430 to 2450 levels. Finally, take a look at the following current 4HR USDX chart. What I see occurring with the Oscillators' is that the RSI / Stochastic's on the 1HR, 2HR, 4HR Daily & Weekly Charts, will cross-up out of their oversold condition's concurrently and simultaneously, igniting the USDX off it's W-Bottom and smashing through 101.85 without so much as the blink of an eye. Maybe I am a looney you are thinking? Yes, but a looney who capitalises ahead of time.
EIGHTCAP:USDX
by Easy_Explosive_Trading
2
DXY Will Go Lower! Short! Please, check our technical outlook for DXY. Time Frame: 12h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is testing a major horizontal structure 101.006. Taking into consideration the structure & trend analysis, I believe that the market will reach 99.601 level soon. P.S Overbought describes a period of time where there has been a significant and consistent upward move in price over a period of time without much pullback. Like and subscribe and comment my ideas if you enjoy them!
TVC:DXYShort
by SignalProvider
1
rally drop setup loadingDXY H1 Price is in a down trend which recently broken below a price structure at 101.366 we are going to use this area as our key price during the NY session for any sell opportunities give that price retest this level. A price gap is seen which has been tested and respected by price and we are going to monitor price action area the gap expecting a spike in price towards our broken level as we consider the bearish pressure in current price movement. We are targeting the swing low at 100.538.
TVC:DXYShort
by cpointfx
#DXY 4H On the 4-hour chart (4H) of DXY (U.S. Dollar Index), the price is currently in a downtrend, indicating a strong sell opportunity. Sell Levels: 101.200 - 101.500 The price has reached a potential selling zone between 101.200 and 101.500, which is acting as a resistance range in the current bearish trend. This is a strategic area to consider short positions as the market may struggle to break above this level. Target Level: 99.500 The expected downside target for this move is around 99.500, a key support area where the price might find some buying interest or consolidation after the bearish move. Key Factors: Downtrend: Lower highs and lower lows dominate the price action. Resistance: The price faces strong selling pressure near 101.200-101.500. Momentum: Indicators like RSI and moving averages suggest the trend is firmly bearish, with room to fall toward the 99.500 support. Trading Strategy: Entry: Look for short entries near the 101.200-101.500 range. Target: Aim for the 99.500 level as the profit target. Stop-loss: Consider placing a stop-loss above 101.500 to manage risk effectively. This setup offers a favorable risk-to-reward ratio in line with the ongoing downtrend.
TVC:DXYShort
by PIPSFIGHTER