US Dollar MilkshakeYou might not understand it.
You might not even like it.
But it is happening!
#USdollar
USDX trade ideas
DXY Most Important Zone To WatchHey Traders, above is an overview on DXY and the most important zone to watch. DXY is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 106.250 support and resistance area.
It's very important to watch DXY at the beginning of every trading week if not everyday. That will help you to trade USD pairs more professionally and spot some correlations as well.
Trade safe, Joe.
USDX,DXYUSDX price is near the important support zone 100.68 - 99.89. If the price cannot break through the 99.89 level, it is expected that the price will rebound. Consider buying the red zone.
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DXY dropcounted 5 waves on W TF. after wave 5, an ABC correction started.
wave B is going to touch 0.618 of wave A.
dragging a fib on wave A and another on the entire 1-2-3-4-5 impulse on W, give us some nice confluences:
- 0.382 of the W impulse & 1.236 of wave A
- 0.5 of the W impulse & 1.618 of wave A
- 0.618 of the W impulsive & 2 of wave A
these are possible correction targets
DXY: Highly overbought on 1D. Excellent short.The U.S. Dollar Index has turned overbought on its 1D technical outlook (RSI = 73.223, MACD = 0.950, ADX = 43.535) as the current weekly candle is only a few clicks away from the top of the 2 year consolidation Rectangle pattern. Even the 1W RSI (67.108) is about to turn overbought but has already reached the top of the 1 year R1 Zone. All the above create the conditions for the perfect long term short. Our target is the 1W MA200 (TP = 101.750), which supported the price during the bearish wave of July-August.
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U.S. Dollar IndexHello to all dear traders. I apologize for the delay in presenting the analyses, as I have transitioned my analysis to the daily timeframe, which has allowed me to examine the market with greater depth and precision.
Currently, we are examining the chart of the DXY (Dollar Index). Based on previous forecasts, the significant growth we are witnessing in this chart was entirely anticipated. In the prior price leg, where we observed the formation of a Change of Character (CHoCH), my strategy focused on the order block extreme, and as we can see, the upward momentum of the dollar has continued, bolstered by relevant news.
It is expected that we will witness a Break of Structure (BOS) on the daily timeframe, followed by a price correction. The key point is that if the price reaches the specified order flow or order block, these levels represent excellent entry points for buying the dollar.
Therefore, it is advisable to look for a timely entry for a buying opportunity at this juncture, which I have clearly marked on the chart. I anticipate that the dollar will continue to rise; however, entering a trade will only be viable if the price reaches these target levels.
This chart has been presented in a very clear and understandable manner, designed for mapping and capitalizing on opportunities for you, esteemed traders. Wishing you all great success!
Thank you very much,
Fereydoon Bahrami
"A retail trader in the Wall Street trading center (Forex)."
Dollar Index has made the break out!#DXY #dollarindex broke the bullish diamond pattern and trend line resistance. The chart seems bullish. If TVC:DXY does not unclaim this breakout, there' ll will serious corrections in markets, soon.
DXY_INDEX_1D&1Whello
Analysis of the US dollar index
Mid-term and long-term time frame
Elliott wave analysis style
The index in wave C is an upward correction. Wave C consists of 5 ascending waves. We are currently at the end of wave 5, and the resistance of this wave can be considered as the range of 107.180 and 108.960.
DXY Upsides: Bullish Rebound At Key Support ZoneHey Traders, in today's trading session we are monitoring DXY for a buying opportunity around 105.700 zone, DXY is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 105.700 support and resistance area.
Trade safe, Joe.
USD outlookWatching the triangle closely—if the price breaks, shorting EUR, GBP, AUD, and NZD could present a strong opportunity. Patience is key as we wait to see how the new Trump administration shapes market dynamics. This is shaping up to be a solid long-term trade idea!
DXY Trading Journal DXY Trading Journal
Nov 21
Opened lower creating equal lows, to expand to the buys side scooping up Tuesday/Mondays buy stops. Breaker pattern of accumulation.
bearish on the day looking shorts. Price closed around the 50% and currently dropping.
London started off a reversal and NY retracement leading to Asia seems likely to consolidate and expand to the down side reaching for equal lows and sell side efficiencies .
DXY wants upBut first we retest that trendline.
Giving us a brief window for risk on.
Maybe even until Q1 2025.
Hopefully.
(I'm biased)
This is the only Dollar chart you’ll need for 2025The current strong recovery of the US dollar is largely Trump-related, as his policies suggest that the economy could expand, potentially leading to higher inflation and rates to counteract it. It’s important to recognize that this move since the end of October is a type of euphoria or optimism surrounding Trump. However, once Trump actually takes office, we may see new flows and trend directions emerge.
In Trump’s previous term, the dollar turned lower quite aggressively, topping in December 2016/ January 2017. I’m wondering if we could see a similar price action this time. In Elliott wave terms, we should definitely be aware of a potential reversal. Looking at the current chart, we see five waves down followed by an ABC recovery—the most basic and clear Elliott wave structure. The five-wave decline signals a bearish trend starting in 2022/23, and the current pause could set up for another drop in the dollar.
Always when you track a correction or a counter-trend move, watch for a three-wave pattern before concluding that the dollar has reached a resistance point. Currently, wave C is still ongoing, possibly in its late stages, though it hasn’t yet reached the 108 level, which is likely an important reversal area. This zone aligns closely with the 61.8% Fibonacci level, a key for the final stages of corrective retracement. To me, this suggests that the dollar could potentially sell off next year.
Now, you may be wondering what this means for other markets. It depends on the catalyst behind the dollar’s turn. If a recession triggers it, stocks might also face downside pressure. Alternatively, if the dollar weakens due to extreme inflows into other assets, particularly stocks, then equities could continue pushing higher. A lot of of money is still on the sideline, and is likely waiting for new opportunities, and if stocks will keep pushing up, funds could shift from the dollar to stocks, potentially creating a blow-off top. This could mean that 2025 might be an “interesting” year for stocks, with potential for a major reversal.
Grega
DXY: Is a Dollar Retracement on the Horizon? On Friday, the U.S. Dollar experienced a pullback after reaching yearly highs above 107.00. Market reactions to comments from Federal Reserve Chair Jerome Powell indicated a decline in the likelihood of a potential interest rate cut in December, now estimated at just 60%.
In economic news, retail sales saw a month-over-month increase of 0.4% in October, exceeding analysts' expectations. The dollar has now approached a significant supply zone established in September 2023, suggesting the potential for a price retracement.
The latest Commitment of Traders (COT) report reveals that retail investors remain strongly bullish, while other market participants appear to hold a more neutral to bearish stance. Additionally, seasonal trends indicate a bearish pattern that could persist until the end of January. With the dollar having recently rallied significantly, it is currently in an overbought state.
Despite the dollar's strength, all currencies correlated with the Dollar Index (DXY) continue to face pressure. However, the emergence of a potential reversal candlestick pattern could signal an impending retracement. We will monitor the U.S. dollar index closely for opportunities to enter on the bearish side.
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Dollar index and bearish pressureThe dollar index loses bullish momentum after rising to the 107.00 level. We have already dipped below 106.50 and expect a further decline to 106.00. If the bearish momentum continues, the index could return below 105.00.
DeGRAM | DXY broke through the channel boundaryThe DXY is under an ascending channel between the trend lines.
The chart has already reached the dynamic resistance level and has now broken down the channel boundary.
We expect a decline after consolidation under the trend line.
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DXY shortWe are now at the 0.5 fib again. Still possible it will reach the 618 fib but for now it looks like a nice shorting opportunity. If it breaks up the just try again from the 618 fib. For now im aiming to short till the 89.511 level to finish a wave 2. So this wave down could be a nice but opportunity for silver, gold, palladium and platinum. Lets see how it plays out. Let me know what you think
US INDEX (DXY) To 99 in 2025hello friends
DXY has reached or a strong daily resistance zone and creating a double TOP and rejection 2 test on trend line gold markets are show u why its dropping technically there is many other things showing weakness in $ from there are Fundamentally also something not going good for $ so we don't miss type of historical moves share Ur thoughts with us
Stay tuned
Dollar and Trump's WinHi, looking for dollar progression in coming years
most are saying that election result gives dollar a push, for me it's following the pattern
Dollar/dxy is following 2 patterns/ channels one is falling one and other is rising one , so 1st question is whether it choose the continuation of the downward channel or break it and choose to continue with the rising channel , patterns are showing some important level for the coming years in case dollar/dxy continue to follow the patterns , well it depends on the market
will post sub-analysis in the comment section with further deep analysis shortly
DXY DOLLAR INDEX : My vision hello guys not gonna lie i was bearish on dxy last quarter my first target was hit but suddenly price showed signs of bullishness i see price going up for previous year high.
DXY reached the critical resistance zone. H4 15.11.2024 DXY reached the critical resistance zone 📉
Honestly, I didn't think they would push the dollar index to the final zone near 107
without a pullback, but they still did. Now they gave a clear reaction downwards
and it is very possible that the correction has started. Of course, we cannot deny
the possibility of retesting the highs and then continuing the fall, but in general,
the first signs of reversal and culmination have already appeared. It is very desirable
to close the week below 106.30 and then the idea of a false
breakdown of the 2-year highs will be confirmed.
TVC:DXY
