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U.S. Dollar Index

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DXY trade ideas

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
Weekly Recap & Market Forecast $SPX (Sept 22th—> Sept 27th)**Weekly Market Recap 🌐** Hello Investors! 🌟 This week, the S&P 500 broke out to new all-time highs as the Fed delivered a more aggressive rate cut than some expected. Let’s dive into the key events that shaped the markets this week. 📈 **Market Overview:** Heading into the week, the S&P 500 was already approaching fresh all-time highs, with debates intensifying over whether the Fed would cut rates by 25 or 50 bps at Wednesday's FOMC meeting. The US dollar remained weak, while interest rates were largely on hold. Positive US economic data leading up to the decision supported market optimism: September Empire manufacturing surged alongside a rebound in new orders, retail sales exceeded expectations, and housing starts reached their highest level since February, consistent with a 3% GDP growth rate. However, economic data from China and Germany remained soft, prompting renewed speculation about potential stimulus measures, particularly as the German ZEW survey hit its lowest level since May 2020. Additionally, WTI crude held steady near $70/barrel following a well-coordinated Israeli operation against Hezbollah fighters in Lebanon, raising concerns about escalating conflict. On Wednesday, the Fed opted for a 50 bps rate cut, citing recent data points, including payroll revisions and the Beige Book. The updated dot plot projections indicated that most Fed members now anticipate 100 bps of cuts for both 2024 and 2025. Fed Chair Powell emphasized that the move was intended to "not fall behind" the curve and to adjust policy in line with where the economy is headed. This bold move drew some criticism but was largely welcomed by investors as a sign of the Fed's commitment to a more neutral monetary policy. The S&P 500 broke out to a new all-time high above 5,700, as investors celebrated the clear path to a neutral stance. By the end of the week, modest profit-taking emerged during options expiration, but the market closed strong. The Dow gained 1.6%, the S&P rose 1.4%, and the Nasdaq added 1.5% for the week. **Stock Market Performance:** - 📈 S&P 500: Up by 1.4% - 📈 Dow Jones: Up by 1.6% - 📈 NASDAQ: Up by 1.5% **Economic Indicators:** - **US Economic Data:** Positive signals included strong Empire manufacturing, retail sales exceeding expectations, and housing starts reaching their highest level since February. - **FOMC Rate Cut:** The Fed delivered a 50 bps cut, with updated dot plot projections indicating an expectation for 100 bps of cuts in both 2024 and 2025. - **Yield Curve:** The US yield curve steepened significantly following the Fed's decision. - **Global Economic Data:** Weak data out of China and Germany led to speculation about potential government stimulus measures. - **WTI Crude:** Held near $70/barrel amid geopolitical tensions in the Middle East. **Corporate News:** - **Apple:** Started the week under pressure due to reports of underwhelming new iPhone orders. - **Amazon:** CEO Andy Jassy announced that staff would be required to return to the office for a traditional 5-day workweek in 2025. - **Boeing:** Announced plans to conserve cash, including a hiring freeze and furloughs, while its machinists continued their strike. - **Darden Restaurants & General Mills:** Both reported results, noting that a challenging macroeconomic environment remains a headwind. - **Mercedes Benz & Skechers:** Warned that deteriorating conditions in China were worse than anticipated, requiring a reset of short-term expectations. - **Nike:** Announced that veteran Elliott Hill will return as President/CEO after John Donahoe steps down next month. - **FedEx:** Weighed down the transport sector on Friday after missing Q1 estimates and cutting its FY outlook, citing a shift away from US domestic priority package business. - **Constellation Energy:** Reached an agreement to provide power from a restored Three Mile Island nuclear facility to Microsoft, boosting power generation and nuclear-related stocks. **Looking Ahead:** Next week will feature several key events: - **Fed Chair Powell Speech** - **U.S. PCE Inflation** - **U.S. Housing Data** - **U.S. Flash PMI Surveys** - **Earnings Reports:** Costco ( NASDAQ:COST ), Micron Technology ( NASDAQ:MU ), and KB Home ( NYSE:KBH ) As we move forward, these developments will be crucial in shaping market sentiment and guiding investment decisions. If you have any questions or need further insights, feel free to reach out. Here’s to another week of informed investing and strategic decision-making! 🌟
TVC:DXY
by WallSt007