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U.S. Dollar Index

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DXY trade ideas

#DXY 1W chartLet's update our #Dxy 1W chart; 100$ already seen. The pattern I mentioned before continues, I was wondering if it would only go up one more round, but it did not allow it. * Weekly close came below the trend line. * It gave a mismatch signal. * For the first time in 2.5 years, it closed below the 200 EMA on a weekly basis. After OB fills the resistance zone (gray box), it may rise again for an up retest. If it closes below the blue line, the decline may deepen. Why is DXY important for us?
TVC:DXYShort
by ugurtash
Levels discussed on Livestream 26th August26th August DXY: If IHS forms and break 100.80, could trade up to 101 and 101.10. If 100.80 holds as resistance, could trade down to 100 (if 100.50 is broken) NZDUSD: Buy 0.6225 SL 20 TP 50 AUDUSD: Buy 0.6810 SL 20 TP 75 (Hesitation at 0.6850) GBPUSD: Buy 1.3190 SL 40 TP 100 EURUSD: Buy 1.1175 SL 20 TP 75 USDJPY: Sell 143.25 SL 30 TP 100 USDCHF: Nothing for now, look for reaction at 0.8445 USDCAD: Could consolidate along 1.35 for now Gold: Currently 2521 could trade up to 2530
TVC:DXY
by JinDao_Tai
DXY | 4H CHART >> Long OpportunityAnticipation Explained as follow: -Price is at a Daily Discount. -Break of Structure to the downside, leaving a FVG. -This FVG is going to FAIL since it is at a Discount Price. Here Is How Most Traders Are Going To Be Trapped -Most traders are going to be looking to SELL at this FVG, -So what's going to happen is that the price is going to break this FVG, -Resulting in Inversion FVG(Failed FVG), -And use it as SUPPORT to push the price higher. In hindsight, Inversion gives us an indication that the market structure shift is confirmed before price even breaks the high Where Is Price Going? -Equal Highs I HOPE YOU FIND THIS SETUP USEFUL, YOU CAN USE IT TO TRADE USD BASE PAIRS AND APPLY CORRELATION Thank You!
TVC:DXYLong
by GrowthRoyalty
2
DXY Is Going Up! Long! Please, check our technical outlook for DXY. Time Frame: 1D Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is testing a major horizontal structure 100.664. Taking into consideration the structure & trend analysis, I believe that the market will reach 102.105 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
Mallicast Team's Analysis and Forecast for the DXY IndexAccording to the Mallicast team's forecast, the US Dollar Index (DXY) could enter a corrective downtrend in lower time frames if it breaks the 100.730 level. Overall, the trend remains bullish in the weekly and monthly time frames. For time frames shorter than one hour, a price target of 100.923 can be considered. However, if the corrective downtrend in the monthly time frame continues, the index could potentially drop to 100.024 or even 99.126.
TVC:DXYLong
by kiyandokhtkarimi
Mallicast Team's Analysis and Forecast for the DXY IndexAccording to the Mallicast team's forecast, the US Dollar Index (DXY) could enter a corrective downtrend in lower time frames if it breaks the 100.730 level. Overall, the trend remains bullish in the weekly and monthly time frames. For time frames shorter than one hour, a price target of 100.923 can be considered. However, if the corrective downtrend in the monthly time frame continues, the index could potentially drop to 100.024 or even 99.126.
TVC:DXYLong
by mallicast
$DXY - Bottom Range Bound BreachedThe Dollar Index TVC:DXY has breached a pretty serious level ; the bottom range bound which has previously acted as strong support for TVC:DXY to bounce. Will this time be the same and this will result in a fake-out? Or will TVC:DXY headed lower, re-visiting pre-pandemic levels? Check out the previous released ideas linked below for more in depth information regarding our journey 'Decisive Move Around the Corner' (line chart) (candlesticks chart) TRADE SAFE NOTE that this is not Financial Advice ! Please do your own research before partaking upon any trading activity based solely on this idea.
TVC:DXY
by Mr_J__fx
DXY at a Crossroads: Potential Reversal or Continued DeclineHey Traders, The Dollar Index ( TVC:DXY ) is currently navigating a pivotal phase. After breaking below the significant resistance level of 104.105, the index is now trading around the support zone of 100.800. While ongoing bearish momentum suggests a possible continuation to the downside, there is also a potential for a market correction and a retest of the 104 level. Current Market Conditions: Key Support: The DXY is presently testing the 100.800 level, which has previously served as a robust support zone. Bearish Setup: A failure to hold or reverse at this support level may prompt further declines, targeting lower support levels in the near term. Fundamental Analysis: Recent dovish commentary from Fed Chair Jerome Powell and other Federal Reserve officials hints at an imminent shift in monetary policy towards lower interest rates. This anticipated shift is exerting downward pressure on the dollar, as traders expect a more accommodative stance from the Fed. This environment supports the bearish outlook for the DXY, adding weight to the potential for further declines. Targets: TP1: 101.800 TP2: 102.300 TP3: 103.350 TP4: 104.150 Risk Management: Stop-Loss: To manage risk effectively, place the stop-loss below the support level at around 100.250, protecting against a bearish continuation. Conclusion: The DXY stands at a critical juncture. While it is testing major support levels that could signal a potential bullish correction, keep a close watch for any rejection at this level, which could further bolster the bearish trend. I would love to hear your thoughts in the comment section. Please hit boost and follow for more ideas. Thank you, and profitable trading to you all! Trading Insight: "Success in trading comes from mastering both strategy and self-discipline."
TVC:DXYLong
by SignalSage_Ben
Daily Technical Analysis of Gold,Currencies,and Indices 23/8/202Daily Technical Analysis for Gold, Currencies, and Indices - 26/8/2024 Introduction Welcome, I am Mohammed Qais Abdulghani, a financial markets expert. Today, Monday, August 26, I present to you my detailed outlook on the major currency pairs, commodities, and financial indices. Before diving into the technical analysis, he highlights key economic data expected to be released throughout the week that could influence price movements, including the Consumer Confidence Index, GDP, unemployment rates, and the Personal Consumption Expenditures Price Index. US Dollar Index (DXY) Analysis The US Dollar Index (DXY) has declined following statements by Federal Reserve Chairman Jerome Powell at the Jackson Hole Symposium, where Powell emphasized the need to adjust monetary policy and begin lowering interest rates, thereby boosting confidence in reaching the 2% inflation target. However, he noted that unemployment rates remain within acceptable levels. The US Dollar Index’s stability below the 102 level suggests a potential continuation of its decline, with expectations of reaching levels of 99 and 97 in the upcoming trading sessions. The weaker dollar benefits the EUR/USD pair. EUR/USD Pair Analysis The EUR/USD pair continues to gain momentum, with a potential breakout above the 1.1000 level that could propel prices towards 1.1350 in the medium term. This positive scenario will remain unless the pair breaks below the 1.1000 level. Similarly, the GBP/USD pair continues to gain, with prices holding above significant levels. GBP/USD Pair Analysis The GBP/USD pair is exhibiting a positive trend. If it succeeds in breaking above the 1.3250 level, it may rise towards the 1.3360 and 1.3500 levels. However, if it fails to surpass this resistance, it could revert to a downward trend. USD/JPY Pair Analysis The USD/JPY pair is facing downward pressure. Should it break below the 145 yen per dollar level, the pair might target levels of 140 yen and 134 yen per dollar. USD/CHF Pair Analysis The USD/CHF pair continues to face downward pressure. If it breaks below the 0.85 level, further declines toward 0.837 and 0.824 could be expected. AUD/USD Pair Analysis The AUD/USD pair continues to gain, with prices holding above the 0.66 level, supporting an upward trend towards 0.69 and 0.75. Similarly, the NZD/USD pair is also gaining. NZD/USD Pair Analysis The NZD/USD pair has successfully broken above the 0.62 level, supporting a bullish trend towards levels of 0.64 and 0.65. USD/CAD Pair Analysis For the USD/CAD pair, continued trading below the 1.600 level supports a bearish scenario targeting levels of 1.34500 and 1.33000. GBP/JPY Pair Analysis The GBP/JPY pair remains in a bearish trend. Prices staying below the 196 yen level support this trend, targeting 184 yen in the short term, with a potential extension to 170 yen in the medium term. EUR/JPY Pair Analysis The EUR/JPY pair is trading below the 166 yen level, supporting a bearish scenario targeting 158 yen and 153 yen. EUR/GBP Pair Analysis The EUR/GBP pair remains in a downward trend, with expectations of further losses if prices remain below the 0.84500 level, targeting 0.83750 and 0.83. USD/TRY Pair Analysis The USD/TRY pair trades within a positive scenario, with expectations of further gains if prices exceed 34 lira, targeting 34.8 and 35.5 lira. Any retreat above the 33 lira level is considered a correction only. Bitcoin vs. US Dollar Analysis After several sessions of sideways trading, Bitcoin has successfully surpassed the 60,000-dollar barrier. Stabilizing above this level supports a bullish scenario, targeting 68,000 and 75,000 dollars. Ethereum vs. US Dollar Analysis Ethereum is attempting to surpass the 2800-dollar level. If successful, it could see a bullish wave towards 3200 and 3600 dollars, potentially reaching 4200 dollars in the long term. The positive scenario will be invalidated if Ethereum fails to exceed 2800 dollars. Ripple vs. US Dollar Analysis Ripple continues in an upward trend, with prices remaining above 55 cents, supporting targets of 65 cents, 80 cents, and potentially reaching 1 dollar. Gold Analysis Gold maintains its upward momentum with trades above the 2460-dollar level. The positive scenario remains intact as long as prices stay above the primary ascending trend line and the 55-day moving average, supported by expectations of a rate cut by the Federal Reserve. Oil Analysis Crude oil is attempting to recover previous gains. If it breaks above the 77-dollar level, a rise to 80 and 83 dollars per barrel could be expected. The bullish scenario will be invalidated if it breaks below the 73-dollar level. Silver Analysis Silver maintains stability above the 29-dollar level, with potential increases to 30.5 and 32 dollars if prices exceed 30.5 dollars. Natural Gas Analysis Natural gas is under downward pressure, targeting levels of 1.80 and 1.40 dollars if prices continue below 2.20 dollars. Dow Jones Index Analysis The Dow Jones Industrial Average is rising amid hints of monetary easing. Surpassing the 41,000-point level would support a rise to 42,000 and 40,000 points. S&P 500 Index Analysis The S&P 500 Index maintains an upward trend with expectations of continued rise after surpassing the 5700-point level. Nasdaq 100 Index Analysis The Nasdaq 100 Index retains its positive trend as long as it remains above 19250 points, targeting 20800 and 22000 points. Russell 2000 Index Analysis The Russell 2000 Index retains its positive trend as long as prices remain above 2150 points, targeting 2320 and 2440 points. FTSE Index Analysis The FTSE Index maintains an upward trend with targets of 8680 points, provided it remains above 8400 points. DAX Index Analysis The DAX Index maintains an upward trend with targets of 19250 and 20000 points, as long as the price remains above 18750 points. CAC Index Analysis The CAC Index is attempting to eliminate selling pressure, with expectations of rising towards 7882 points if it breaks above 7600 points. Nikkei Index Analysis The Nikkei Index retains its positive trend, targeting 40,000 and 45,000 points as long as it stays above 37,000 points.
TVC:DXY
by MohammedQais
1
DXY Hits Yearly Low: Is a Major Support Test at 100 Coming Next?By reviewing the US Dollar Index chart on the daily timeframe, we can see that last week, the price reached its lowest level in a year, closing at 100.677. Given that the price has dipped below a liquidity pool, we might see an initial positive reaction at the beginning of the week, but I still expect further declines in the Dollar Index overall. Keep in mind that there is a very strong support level ahead for the dollar, which is the psychological level of 100, and we will likely see a significant reaction to this level. We will be providing weekly analyses of the Dollar Index from now on, so be sure to support and follow! Please support me with your likes and comments to motivate me to share more analysis with you and share your opinion about the possible trend of this chart with me ! Best Regards , Arman Shaban ((2+4+7+13+15+18+26+36+38+69+87+101+183+209+1000+1002+1000000000+1000000001+ 1000000853)^♾️*69) + 1 !
TVC:DXYShort
by ArmanShabanTrading
1