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U.S. Dollar Index

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Inauguration Week: Will the Rally Endure?The FX market is bracing for a potentially volatile week, with the US presidential inauguration coinciding with crucial economic data releases. This confluence of events could trigger significant uncertainty and trading opportunities. Dollar's Strength and Potential Vulnerability The US dollar has been on an impressive rally, fueled by expectations of policy shifts, monetary policy divergence, and strong economic data. However, this upward momentum could be vulnerable to a correction, particularly if upcoming economic data disappoints or if the inauguration triggers unexpected market reactions. Technically, the US Dollar Index (DXY) is facing resistance around the 110 level. A break above this level could signal further upside potential, while a failure to break through could lead to consolidation or a minor correction back towards 108.00. BoJ Rate Decision in Focus This week also features key central bank meeting. The Bank of Japan (BoJ) is widely expected to raise interest rates by 25 basis points, potentially impacting the Japanese yen. USD/JPY is currently hovering around the 157 level. A hawkish BoJ could trigger a sharp appreciation of the yen, sending USD/JPY tumbling back towards the 152-150 zone. Conversely, a dovish stance could reignite the dollar's dominance against the yen, potentially pushing USD/JPY towards the recent high of 162.00. Eurozone PMI Data and the Euro's Outlook The Eurozone will release its latest Purchasing Managers' Index (PMI) data. Weaker-than-expected PMI figures could further weigh on the euro, which has already faced pressure from the dollar's strength. EUR/USD is on a gradual descent, with a strong possibility of reaching parity (1.0000) within the first quarter of 2025. The pair recently bounced off the 1.0200 level, which now acts as a critical support. A decisive break below this level would significantly increase the likelihood of the pair reaching parity. Other Key Currencies: ● British Pound: The pound remains vulnerable amid concerns about the UK economy. GBP/USD has broken below key support levels and is currently testing the 1.21 area. A break below this level could signal further downside potential. ● Australian Dollar: The Australian dollar is sensitive to developments in the Chinese economy. AUD/USD is trading near a key resistance level at 0.6200. A failure to break above this level could lead to further declines. ● Canadian Dollar: Canadian inflation data will be released this week, potentially influencing the Bank of Canada's monetary policy decisions. USD/CAD is currently testing a resistance zone around 1.4450. A break above this level could open the door for further gains. *This is a market analysis, not trading advice. Trade responsibly and do your own research.
TVC:DXY
by E8Markets
1
DeGRAM | DXY seeks to close the gapDXY is in a descending channel between trend lines. After the gap formation, the price has reached the lower boundary of the channel, the support level and the lower trend line, which previously acted as a rebound point. The chart approached the 38.2% retracement level and is now holding above the resistance level. We expect the rebound to continue if successfully consolidated above the resistance level. ------------------- Share your opinion in the comments and support the idea with like. Thanks for your support!
TVC:DXYLong
by DeGRAM
1
Levels discussed on 20th Jan 2025 Livestream20th January 2025 DXY: Currently below 109.40, break above, could trade up to 110 (previous swing high), beyond that, strong resistance at 111 NZDUSD: Sell 0.5575 SL 25 TP 60 AUDUSD: Sell 0.6170 SL 15 TP 40 GBPUSD: Sell 1.2150 SL 15 TP 40 EURUSD: Sell 1.0310 SL 30 TP 110 USDJPY: Buy 156.70 SL 40 TP 120 EURJPY: Sell 161.10 SL 40 TP 120 GBPJPY: Looking for reaction at 191.15 USDCHF: Choppy between 0.91 and 0.9150 USDCAD: Buy 1.4480 SL 30 TP 60 XAUUSD: Needs to stay above 2694 (trendline) to trade up to 2722 resistance
TVC:DXY
by JinDao_Tai
DXY (INDEX) analysis This chart shows the U.S. Dollar Index (DXY) on the 1-hour timeframe. Key observations: 1. **Support Zone**: The shaded grey area around 108.800–109.000 is acting as a strong support zone, with multiple rejections visible. 2. **Rounded Retest**: There seems to be a rounded retest pattern forming, suggesting bullish momentum might build if the price sustains above this level. 3. **Structure**: Break of structure (BOS) and change of character (ChoCh) markers indicate recent shifts in momentum. The latest BOS suggests the potential for bullish continuation. 4. **Key Resistance**: Immediate resistance is visible near 109.400–109.600. A breakout above this could lead to further upside. 5. **Strategy**: Watching for bullish confirmation above the support zone or at breakout levels could be prudent. Alternatively, failure to hold this zone may lead to bearish pressure.
TVC:DXYLong
by TRADE_CENTER_1
Bearish drop?US Dollar Index (DXY) is rising towards the pivot and could reverse to the 1st support. Pivot: 109.59 1st Support: 107.46 1st Resistance: 111.96 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:DXYShort
by ICmarkets
1
DXY Jan30 Back testing AnalysisDXY Jan30 Back testing Analysis Asia Price is in a Premium. At 1 macro drops to the 50 level taking out sell side liquidity. London Price still running to the bottom of a FVG reacts and swings up to the MOG and CE of the higher FVG seeking a key level of buys side. Price gravitates around the buy side building orders I suspect for the ND at 8:30. NY delivering to a Premium. Price dropped to the MOG and the 50 level and rallies higher. Note Price just touches the event horizon. At 10 macro-AKA silver bullet, Price smashes down seeking the previous days FVG to rebalance. Note the bodies of the candle respect the FVG. 12 macro Price aggressively retraces rebalancing efficiently delivered Price. Price seeks another equal high by 4pm. Note the reactions on the 50 levels touches and goes higher. Price did come down to a discount however immediate reaction. Tipping its hand that the DXY parent bias is bullish?
TVC:DXY
by LeanLena
DXY anlysis 1W - US DOLLAR INDEX 📊 DXY Analysis - US Dollar Index 🔹 Respecting the Fibonacci Golden Zone The DXY has reacted to the Fibonacci golden zone, indicating a potential continuation of the bullish trend. 🔹 Weekly Candle Closed Bullish This week's candle closed bullish, reinforcing the possibility of further upside momentum. 🔹 Expectations If the bullish momentum continues, the next target levels could be key resistance areas. It's advisable to wait for additional confirmations before making any trading decisions. 💡 What do you think about this analysis? Do you agree with the bullish scenario, or do you expect a reversal? Share your thoughts in the comments! 🚀📈
TVC:DXYLong
by hamidTrader21
US DOLLAR INDEX : DXY READY TO FLY !! great opportunity !- The US Dollar Index (DXY) is showing strong signs of bullish momentum as it bounces off key support levels and begins to break through short-term resistance. - I draw a bars pattern to show you exactly how DXY will balance next weeks. The strategie that i used is very unique, just follow bars pattern up and down. - Fundamental Drivers: Positive US economic data and expectations of potential Fed rate hikes support the bullish outlook for the USD, adding confidence to the trade. - This setup offers a great opportunity to catch the next leg of the US Dollar’s potential rally. Happy trading! 📈
TVC:DXYLong
by LabgaPro
DXY Back in Uptrend – Bullish Outlook on USD PairsThe U.S. Dollar Index (DXY) has regained its bullish momentum, confirming a return to the uptrend on the daily timeframe. Key technical indicators signal strong upward potential, reinforcing a favorable outlook for USD strength in the coming sessions. A sustained rally in the dollar is likely to exert downward pressure on gold prices (XAUUSD) and impact USD-based currency pairs. Given the prevailing market conditions, I anticipate USD pairs to present long-term buying opportunities. Traders should closely monitor price action across major forex pairs, as the strengthening dollar may unlock significant trading potential.
TVC:DXYLong
by Rawezh92
DXY Jan30 Back testing AnalysisDXY Jan30 Back testing Analysis Asia Price in a discount. London 2 and 3 macro are weaving in and out making higher equal highs and equal lows. Note the higher highs came to the 70 level. 4 macro spiked to the .618 note price is weaving in between the MOG. 4:15 price starts to step up and bursts to the 50 level, buy side target and by 6:45 kisses the FVG. NY Price is in a Premium. 7 macro price retraces down to the 50 and inefficient price delivery in London. By 8:15 price hits the .79 just in time to get out before the news. NY PM session sees Price retrace the ND manipulation to rebalance the damage from the ND. Note-the back testing I am analyzing is the discount to premium to premium to discount. Identifying the model 2022 when key buy/sell side liquidity is taken is the trigger for the set up, inside a macro time. Note that each session respects the 50 unless in the case study of Tuesday this week when it did not. By respect I am suggesting that Price moves from discount to premium all I have to is identify where price and enter after liquidity is taken. Note that the ND sent the bodies of the candles to the CE of the FVG. COOL!
TVC:DXY
by LeanLena
DXY Jan 29 Analysis-back testing logDXY Jan 29 Analysis-back testing log Price completes trading/rebalancing inside a HTF FVG. Price rallies to rebalance a Hourly FVG from Jan21. Asia Price is delivering to a discount. London 2022 model, Price comes down takes out recent key sell side liquidity rallies to MOG and launches to the 50. 2 macro starts the rally an hour of heat 4 macro price seeks the FVG coming to the edge teasing me. Small consolidation expected after a big rally and choppy. NY-7;15 takes buy side liquidity and 8 macro pumps to the FVG setting up for retracement. 9 macro Price retraces the inefficient price from London and stops just shy of the .79 Note-previous day was high resistance pattern, where as this day was low resistance-THESES ARE THE DAYS TO TRADE. Note-When Price has big gaps like this its tipping its hand that its going rip. Seen this pattern enough times to start to trust it.
TVC:DXY
by LeanLena