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U.S. Dollar Index

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DXY trade ideas

DXY Trading JournalDXY Trading Journal Jan23 Price is delivering to a Premium on the Daily, and a discount on the previous daily range its trading in. That said the previous session range is a Premium. Mondays candle took a 3 weeks of sell stop liquidity in one day creating equal lows to be taken yesterday clearing out liquidity from late Dec. Yesterday's candle also then created a wall of equal lows. Price on the HFT did in fact reach the .70 level and bounced off to seek lower prices. Ideally I would like to see Price seek higher prices and rebalance the 15M FVG and take out the clean equal highs for todays price action.
TVC:DXYLong
by LeanLena
US Dollar Bearish Trend: Key Insights Analyzed**Is the US Dollar Heading for a Bearish Turn? Key Insights to Watch** The US dollar has been a hot topic lately, and for good reason. With Donald Trump back in office and the motto being *AMERICA FIRST*, the currency’s trajectory is under scrutiny. As many of you know, the Trump administration has historically favored a weaker US dollar and lower interest rates. The rationale? A weaker dollar can boost exports, while lower rates are seen as a way to stimulate economic growth. This approach was a hallmark of Trump’s first term, and it looks like we might see a repeat. Another key factor to consider is Trump’s focus on increasing crude oil and natural gas production. Higher energy output could lead to lower energy prices, which would further support economic growth. However, this could also weigh on the dollar, as lower energy prices often correlate with a weaker currency. Looking back to 2016–2017, when Trump first took office, the US dollar initially surged but then reversed sharply in January 2017, marking the start of a prolonged bearish trend. Fast forward to today, and we’re seeing similar patterns emerge. The wedge formation on the Dollar Index suggests limited upside potential, and a break below key support levels—specifically 108 and 107.58—could confirm that a bearish trend is underway. If those levels fail to hold, the next area to watch would be the 107 to 106 demand zones. This scenario aligns with what we’ve been discussing over the past few weeks. If the Dollar Index breaks below these critical levels, it could signal the completion of the wedge pattern and the beginning of a new bearish phase for the US dollar. What does this mean for traders and investors? Keep a close eye on the Dollar Index and watch for those key support levels. A break below them could present significant opportunities, but it’s also a reminder to stay cautious and informed. What are your thoughts on the US dollar’s trajectory? Do you think history will repeat itself, or are there other factors at play? Let’s discuss in the comments! #USD #Forex #Trading #Economy #Trump #DollarIndex #Investing #Markets
TVC:DXYShort
by forex_forge
Dollar Index Technical AnalysisThe Dollar Index (DXY) has reached a key weekly resistance zone around 110.26, as shown in the chart. Here's a breakdown of the technical analysis: Resistance at 110.26: This level has acted as a critical barrier, causing the current pullback. The index has struggled to sustain momentum above this zone, indicating potential exhaustion for bulls. Trend Reversal Signals: The large rejection candles at resistance indicate seller dominance. If the weekly close remains below 109, we could see sustained bearish momentum. Support Levels Below: 105.35–105.66: Key support zone acting as the next likely target for bears. 103.33–103.82: A significant level to watch if the decline accelerates, providing a potential buy zone. Shift in COT Data: The bearish shift in the COT index aligns with the resistance rejection, adding fundamental weight to the technical setup. Outlook: With Trump’s policy announcements expected soon, the DXY is at a critical turning point. A break below the immediate support at 108.79 could lead to a drop toward the 105 range. Conversely, if bulls defend this zone, we might see a retest of the 110 resistance. Trade with caution, as geopolitical and policy events may drive volatility in the coming weeks.
TVC:DXYShort
by Mike_SnD
DXYThe U.S. Dollar Index (DXY) tracks the value of the U.S. dollar against a group of major global currencies, including the euro, Japanese yen, British pound, Canadian dollar, Swedish krona, and Swiss franc. Recently, the dollar experienced a slight decline, partly due to the start of the new U.S. presidential administration, which did not immediately introduce new tariffs. This led to reduced concerns over trade restrictions, causing a modest pullback in the dollar’s value. Despite this short-term dip, the dollar has strengthened over the past year, supported by solid economic performance in the U.S. Financial experts expect the dollar to maintain its strength in the coming months, though potential shifts in trade policies, especially concerning Canada and Mexico, could influence its future direction. Key dates related to trade policy decisions may bring volatility, and analysts are closely watching upcoming reports that could lead to new tariff implementations, affecting the dollar’s trajectory.
FXOPEN:DXYLong
by HavalMamar
DXYThe U.S. Dollar Index (DXY) is a measure of the U.S. dollar’s value relative to a basket of six major foreign currencies: • Euro (EUR) – the largest component (~57.6%) • Japanese Yen (JPY) • British Pound (GBP) • Canadian Dollar (CAD) • Swedish Krona (SEK) • Swiss Franc (CHF) DXY rises when the U.S. dollar strengthens against these currencies and falls when it weakens. It is widely used by traders, investors, and policymakers to assess the dollar’s strength in global markets.
FXOPEN:DXYShort
by HavalMamar
DXY Dive Incoming? Watch the Liquidity Zones!From the higher timeframe perspective, DXY is currently hovering within a key monthly Fair Value Gap (FVG), marked in red. This zone serves as a critical point of interest and could dictate the next directional bias for the dollar. Key Observations: Current FVG Zone: -Price is consolidating within the monthly FVG. A close below this zone would provide stronger confirmation of a bearish move targeting lower liquidity levels. Bearish Bias: -The recent price action indicates weakness as sellside liquidity (SSL) is beginning to show signs of attraction. -The presence of significant sellside liquidity targets below, including: -105.411 (Weekly SSL - Sweep) -103.370 (Weekly SSL - Next Zone) -100.215 (Major Daily SSL Zone) Messy Market Conditions: -Due to fluctuating macroeconomic factors, including USD news events, we may observe temporary rallies or retracements. However, these are likely to form lower highs before continuing the descent. Confirmation Levels: -Bearish Confirmation: A daily or weekly close below the monthly FVG would solidify the bearish case, signaling that sellside liquidity at 105.411 and lower levels are likely next. -Bullish Risk: If the current FVG holds as support and price pushes higher, we could see an attempt to retest higher zones (e.g., 109.535) before resuming downside momentum. Conclusion: The expectation is for DXY to drop towards sellside liquidity levels at 105.411, 103.370, and potentially as low as 100.215. However, traders should await a clean confirmation (such as a close below the monthly FVG) to validate the move. DYOR (Do Your Own Research) and trade safely amidst potential market volatility! Let me know if you'd like any refinements!
TVC:DXYShort
by INSIDER_INTEL
DXY Will Move Higher! Buy! Here is our detailed technical review for DXY. Time Frame: 12h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is approaching a key horizontal level 109.412. Considering the today's price action, probabilities will be high to see a movement to 110.871. P.S We determine oversold/overbought condition with RSI indicator. When it drops below 30 - the market is considered to be oversold. When it bounces above 70 - the market is considered to be overbought. Like and subscribe and comment my ideas if you enjoy them!
TVC:DXYLong
by SignalProvider
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