DXY Presidential Cycle Dec 2024As everyone is longing the Dollar, worth rehashing it is not so kingly under Republicans
USDX trade ideas
DXY ALERT: BIG PULLBACK IMMINENT!DXY ALERT: BIG PULLBACK IMMINENT!
Waiting for:
Previous month high sweep
Confirmation for LONG-TERM SELL
GET READY FOR BIG PROFITS!
Time to enter the market for LONG-TERM gains!
DXY BREAK AND BEARISH (READ CAPTOIN)Hi trader's. What do you think about dxy
Current price: 108.10
Dxy break some time and breakout 108.20 low
Resistance zone: 108.10
Support zone: 107.85-107.700
I placed the remaining target in the details in the chart
Please don't forget to like comment and follow
DXY SELL BIASUs dollar index (DXY) is clearly seen forming a downtrend with a head And shoulder pattern, so I anticipate price to go short
correctionIt is expected that the correction trend will form up to the specified support levels, then there will be a possibility of a trend change.
If the index crosses the 78.6% level, the continuation of the downward trend will be likely
Here’s an analysis of the DXY on the 1-hour chart, Here’s an analysis of the DXY on the 1-hour chart, with your updated target of 107.100:
Current Analysis
Trend Overview:
The dollar index (DXY) is in a clear downtrend on the 1-hour chart, forming lower highs and lower lows.
Momentum indicators like RSI are likely staying below 50, reinforcing bearish sentiment.
Key Resistance Zone (108.100):
This is the potential sell zone, where the price may face rejection.
Look for a bearish candlestick pattern at or near this level (e.g., shooting star, evening star, bearish engulfing) to confirm the entry.
Support Zones on the Path to 107.100:
Intermediate Support 107.500: DXY might consolidate or bounce slightly here, as it's a possible reaction point.
Final Target 107.100: This aligns with a major support level from prior price action or Fibonacci retracement zones.
Indicators to Watch
RSI:
If RSI is below 40, it confirms strong bearish momentum.
Any divergence (e.g., higher low on RSI while price makes a lower low) near 107.500 or 107.100 could signal weakening downside momentum.
MACD:
Look for a bearish crossover (MACD line crossing below the signal line) as confirmation to enter or hold the trade.
Volume:
A spike in volume near resistance (108.100) supports rejection. Similarly, decreasing volume near the target (107.100) could indicate trend exhaustion.
Trade Setup for 1-Hour Chart
Sell Entry: Around 108.100 (resistance zone).
Take Profit (Target): 107.100.
Stop Loss: Around 108.300, slightly above resistance, to account for volatility.
TVC:DXY
DeGRAM | DXY movement in the rangeThe DXY is in an ascending channel between the trend lines.
The chart has formed a harmonic pattern.
The price seeks to reach the lower boundary of the channel.
We expect a decline after consolidation under the support level.
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DXYDXY - U.S Dollar Index
Bullish Channel as an Corrective Pattern in Short Time Frame
Break of Structure
Completed " 12345 " Impulsive Waves
Change of Characteristics
Strong Support
Bullish bounce?US Dollar Index (DXY) is falling towards the pivot and could bounce to the 1st resistance.
Pivot: 107.49
1st Support: 106.72
1st Resistance: 108.52
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Bullish DXY. 121 is the short term targetThe dollar index is finishing the year with a strong rally. I expect that rally to continue well into the new year. Any short term retracement will be met with more buying activity. Using smart money concepts, we'll look for orderblock, turtle soups, etc. to align ourselves with the market trend.
DXY: USD is likely to continue dominate the market! Dear Traders,
DXY has been in news ever since US Election results came out in the market. We expect price to reverse after making small correction, once the correction has been made we can correlate dxy and trade dxy pairs. Good luck and trade safe!
DXY head and shoulders pattern formation
The Head and Shoulders pattern is a popular and reliable chart pattern used in technical analysis to predict potential reversals in market trends. It consists of three peaks: the middle peak (the "head") being higher than the other two peaks (the "shoulders").
Key Elements of the Head and Shoulders Pattern:
Left Shoulder:
Price rises to a peak and then declines.
This peak forms the first shoulder.
Head:
Price rises again to form a higher peak and then falls.
This peak is the head and is the highest point of the pattern.
Right Shoulder:
Price rises again, but this time to a lower peak (similar to the left shoulder) and then declines.
This peak forms the second shoulder.
Neckline:
A trendline drawn between the low points of the left shoulder and the right shoulder.
Acts as a key level of support or resistance.
DXY Potential UpsidesHey Traders, in today's trading session we are monitoring DXY for a buying opportunity around 107.800 zone, DXY is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 107.800 support and resistance area.
Trade safe, Joe.
Silver gold oil dxy12.20.24 this is a tough day for me. I had a hard time finding the words and I'm sure that added to some confusion... and it was very stressful for me. I decided to post the video since it took a good amount of time and the content was acceptable even if the presentation was awkward. I was trying to find the word for hyperinflation and I was trying to find the word for Reserve currency a sense the US dollar is a lot more bullish than I would expect. and while a lot of the markets in the index markets have gone lower the S&P is still quite strong which surprises me and so I am wondering if Trump's strategy to save the United States and the US currency might be a positive sign despite the horrible debt that that has occurred because of corrupt, component politicians on both sides. the whole world is corrupt says almost all the major countries have terrible debt even if it's less debt than the United States. personally I evaluate markets through patterns and... not the experts because I don't believe what they say not smart enough to know if it's because they're stupid where they're dishonest.... so I read the price bars on the chart.
what's ideal after christmas ? DXYI thought I put some bias at the beginning of the week but no, Merry Christmas everyone, The grace of thy Trinity save us all. I expect to trade in next year not this week, but if possible i'd follow this plan.
Will the US DOLLAR {DXY} continue to RISE? Bulls still Bullin..?TVC:DXY
"Successful trading has always been about understand the convictions, the strength and the weakness of buyers and sellers. Once you understand what the other traders are doing in the market, you can successfully trade with them." -Michael Valtos
As we head into the New Year 2025> I have struggled with the idea of the DXY rising or falling. However, I will sit back and watch PA play out and I will strike once we have further confirmation from the Order Flow. As we can see now on the 4Hr TF Bulls are in control with the Dominant Hand. Now if we back up just a bit and head to a HTF we have a Weekly Supply Zone / Daily Resistance Level ($109.452) above that we could see Mitigated here to come in the next few days/weeks all depending upon Intentional Volume. Let's stay on point>>
Remember; "Our Profession is to Manage the downside costs of printing HIGHSIDE returns of $$$ consistently. Done correctly, well Abundance awaits us." -500KTrey
Dollar analysis based on Weekly tieframeAfter a year off trading we took out the weekly pool of liquidity, a large one, And with this we broke out off the weekly consolidation. We started consolidating after hitting the weekly range 705 fibbonaci retracement. It is clear dollar bias is bullish. with this said we can dive in to a more in depth analysis of dollar index. after we have taken out the pool of liquidity in form off some key equal highs we started getting some bearish indications. the buys are weakning and a bearish setup is starting the form.Some key details to further back up the bearish idea is that we have traded up in to a weekly negative breaker and fvg. Based on this what is the outlook for dollar this upcoming year? Answer is BULLISH, we continue bullish but first its time to retrace. We most likley will start off the next quarter going bearish in to the bullish levels. I am reconsidering the bullish breaker and fvg aswell as the ote. From here we look for bullish idea's again.
DOLLAR INDEX END OF 2024 IDEA.Currently the DXY is hovering around 108 zone, My view is that we are about to see a top in the Dollar soon. Most opportune time to see that will likely and probably be when Trump takes office at the beginning of January 2025.Most probable top might be around 109.5 zone there about. If it does so, Altcoin session will be confirmed for a bull run and outperform BTC dominance. Generational wealth is here.
Is the US Dollar Index Set for a Pause?Following the recent Federal Reserve meeting, where expectations for 2025 interest rate cuts were adjusted from three to two, the US Dollar Index surged by approximately 1.28%. But what are the technical scenarios shaping its next moves?
On the daily chart, the US Dollar Index remains in an overall uptrend, recently hitting a higher peak at 108.071. The daily trading range lies between 108.539, marking the higher high and resistance level, and 105.420, the higher low and support level. Traders might watch for a pullback near 106.015 before a potential continuation of the long-term uptrend.
On the 4-hour chart, the index is experiencing a general downtrend, forming a new bottom. A rise to 108.276 could face selling pressure, possibly leading to a continuation of the downward move. Key targets for this downtrend include 107.784 as the first level and 106.086 as the longer-term target.
However, the negative outlook on the 4-hour chart becomes invalid if the price breaks above 108.539, forming a new higher peak.
In summary, the downtrend on the 4-hour chart appears to be a corrective wave within the broader uptrend seen on the daily chart.
Correction According to the behavior of the index in the current support range, possible scenarios have been identified. It is expected that the upward trend will continue according to the specified paths. If the 78.6% level is broken, the continuation of the downward trend is likely
DXY Happy New Year Analysis Hey guys, this will be my last analysis for the year. I hope you all get some rest and reflection. The markets aren't that great during this period, so don't put yourself at a disadvantage. Go spend time with your family and friends, go have fun, go get ready to dominate the coming year.
Merry Xmas and a happy new year!
- R2F Trading
DXY UP active zone The US Dollar trades flat and is unphased by headlines out of China about ramping up bond sales next year. Chinese policymakers plan to sell a record 3 trillion yuan of special treasury bonds in 2025, the highest on record. The US Dollar Index (DXY) resides above 108.00, very close to eke out a fresh two-year high.
The US Dollar Index (USDX) is an index (or measure) of the value of the United States dollar relative to a basket of foreign currencies. These currencies are the Euro (constituting 57.6% of the weighting), Japanese Yen (13.6%), British Pound (11.9%), Canadian Dollar (9.1%), Swedish Krona (4.2%) and Swiss Franc (3.6%). The index started in 1973 -with the absolution of Bretton Woods- with a base of 100.000, and values since then are relative to this base. For example, if the current reading says 99.800, this means that the dollar has fallen 0.2% since the start of the index (99.800 - 100.000).Being the Dollar Index a geometrically weighted index and not a trade-weighted one, it is too concentrated in Europe and does not include two of the U.S. top four trading partners Mexico and China. It does not appear to be used by corporates or many asset managers, like mutual funds, insurance companies, and endowments. It is primarily a speculative vehicle. It's also important to acknowledge that a geometric mean artificially lowers the value of the USD over time
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