USD IndexDXY - U.S Dollar Index
Completed " 12345 " Impulsive Waves
Break of Structure
RSI - Divergence
Bullish Channel as an corrective pattern in Short Time Frame
Resistance with Strong Bearish Price Action
USDX trade ideas
$dxy 104.5 Hola ,
so we poke above the multi year pennant and bouncing of the 7 ema
rsi topped out and looking for a test of 104.5 before it starts accelerating
let see what happens to our metals with this obviously reclaim 108.2 and this idea is invalidated
but with Sivler doing a sweep of a key level and reclaiming $29 am still holding my spot and waiting on $35 to be broken
let see what we get soon
Watchlist Breakdown 22/12/2024A quick breakdown of my TOP6 in preparation for next week.
This is not Mark's or the Coaches analysis, so take it with a little distance but I still hope you took value from it and it helped you in preparing next week.
As we move into the festive period a lot of banks will reduce their exposure resulting in much lower liquidity over all asset classes so I'm not too eager to get involved in trades.
Let price and the DXY settle over the next couple of days, stay in your routines, keep the momentum high and be prepared when 2025 starts.
posibility of uptrendIt is expected that after a pullback to the support level and consolidation above this level, the upward trend will continue.
With the support level broken, the corrective trend will continue
Has the turning point of the index arrived?The place we have been waiting for a long time has now arrived.
According to the known area, I expect the index to rotate in the long term.
USDX Failed AuctionUSDX experienced a failed auction at the resistance level just above current price point. There is a likelihood that the dollar will pull back due an increased number of open contracts at this level which are most likely short posititions. This pull back will generate a pump in crypto and risk markets that will last I believe until the dollar touches the next support level where a substantial order wall exists.
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.
DXY - Potential Start of a Global RallyMonthly chart is not that exiting but daily structural change at range high/resistance is lovely. This is a good level for return of trend before the CPI this week and FOMC next week.
Hope it holds below the resistance and does not get back to 110.
I am an amateur trader. I sometimes enter into trades. Other times it is only an analysis. Trade with your own risk awareness.
The Power of Negative Correlation: DXY vs. GBP/USDThe relationship between the U.S. Dollar Index (DXY) and GBP/USD exemplifies a classic case of negative correlation in the forex market. As the DXY tracks the strength of the U.S. dollar against a basket of major currencies, a rise in the DXY typically results in a decline in GBP/USD, and vice versa. This inverse relationship reflects the direct impact of dollar strength on the British pound, which makes analyzing both charts together a powerful tool for identifying high-probability trade setups.
In the attached charts, the DXY shows a bullish breakout and retest pattern, suggesting further upside potential as it moves toward the 109.500 level. Meanwhile, GBP/USD mirrors this movement inversely, with a bearish trend forming and a projected move toward the 1.23500 support zone. These complementary patterns not only confirm the negative correlation but also offer insights into potential price action, allowing traders to align their trades with broader market sentiment.
For traders, understanding and leveraging this negative correlation can enhance both risk management and trade timing. By monitoring DXY for signs of dollar strength, traders can anticipate potential downward moves in GBP/USD. This approach, combined with breakout and retest strategies, offers a clear framework for capitalizing on these movements. Keep an eye on key support and resistance levels on both charts for optimal trade entries.
DeGRAM | DXY back into the ascending channelThe DXY is in an ascending channel between the trend lines.
The price has reached the expansion level.
We expect a local correction in the channel for further strengthening of the dollar.
-------------------
Share your opinion in the comments and support the idea with like. Thanks for your support!
DXY shortExpecting short term short on DXY, we reached monthly sibi, there is unfilled inefficiency. Forex this phase will be long
Dxy market keeps maintaining the bullish rally The DXY continues its bullish rally, breaching the 109.000 level and signaling strong upward momentum. Current projections indicate a potential demand zone forming around 107.900, which could serve as a key support for continued gains follow for more insights , comment, and boost idea
Dollar Index Heading Higherincredibly as it may seem considering the fundamentals, the trajectory of the Buck against all other currencies looks to still have room to travel. The pattern is moving in the late stages of a wave C up. Specifically on the fifth wave of C. This portends of a violent reversal. The first objective is moving under the channel projected from the end of wave A. Make no mistake about it the day in the sun for the dollar will end, and when it does, it will bleed hard.
Happy trading :)
DXY FORECASTIn this forecast we are analyzing 1H time frame for finding the upcoming moves. Today I'm looking for buy opportunity. As we know that market create a clear break of structure and price continue moving upside. If this high is valid than market will need inducement or liquidity, so I'm expecting from market that price first came down and hunt previous SSL and than continue moves in upward direction. Let's delve deeper into these levels and potential outcomes.
Use stoploss for your trade.
Always use proper money management and proper risk to reward ratio.
This is just my prediction.
#DXY 1H Technical Analyze Expected Move.
DXY: HTF Analysis (72D)What’s Happening Now on the High-Timeframe?
The DXY measures the strength of the U.S. dollar against other major currencies. On the 72-day chart, we’re seeing signs of a potential shift, but the overall trend is still in downtrend territory. Keep an eye on how the price reacts to these levels and stay ready to adjust your strategy!
RESISTANCE (Areas where price struggles to rise above):
If Resistance holds firm, Price Action could reach Support I (see below)
If Resistance is strong, Price Action could short to Support II (see below)
118.53 (Sell Limit Order II): the 2nd resistance level for sellers
117.09 (Supply Zone): This is a hard ceiling for now, far above the current price.
113.50 (Sell Limit Order I): the 1st resistance level for sellers
110.29 (Resistance) If the price keeps getting stuck here, it might fall back down.
SUPPORT (Areas where price might stop falling):
100.4180 (Support I): The first major safety net if the price drops.
95.8590: A deeper support that could attract buyers.
93.96 (Support II): The second major safety net if the price drops.
89.9269: A historical level where prices have bounced in the past.
OSCILLATORS (Measure speed or momentum of price)
Relative Strength Index (RSI): At 81.36, it suggests the price is overbought, meaning it’s been rising too fast and might slow down.
Commodity Channel Index (CCI): At 134.004, it’s signaling a potential SELL since the price might drop soon.
Momentum: Shows a weak SELL signal, suggesting the upward speed is losing steam.
MACD: Shows a small BUY signal, meaning there’s still some upward energy left.
MOVING AVERAGES (Track average price over time)
Most moving averages (10-day, 20-day, etc.) show a BUY, meaning the price has been above its averages and is in an uptrend for now.
Hull Moving Average: Shows a SELL signal, hinting at potential short-term weakness.
KEY TAKEAWAYS
The Good News (for buyers): The moving averages suggest that DXY is still in an upward move on shorter timeframes, with prices above key averages.
The Bad News (for sellers): Oscillators like the RSI and Momentum show that the current upward push might be losing strength. The market might correct (fall) soon.
If the price struggles to break 110.2990, it might fall back to 100.4180.
A breakthrough above 112.5000 could lead to a move toward the 118.5326 zone.
Even though we’re seeing some upward action now, the bigger trend is still downward. A reversal would need sustained movement above major resistance.
If price falls: Look for potential rebounds around 100.4180 or 95.8590.
If price rises: Be cautious as it approaches 112.5000, where sellers might come back in.
Right now, DXY is facing challenges near 110.3990. If it can’t push higher, it’s likely to fall back to lower levels.
Moving averages suggest strength, but oscillators are hinting at exhaustion. This mix of signals means you should be cautious and wait for clear moves.
What's next for the Dollar?Will they keep driving the dollar to push us into hyperinflation territory and bring about turbulent times?
The FED is in the midst of reducing supply while people are selling off assets. Will the $$$ have any value later on?
3M time frame DXY. I don't trade this, just monitoring
DXY Parabolic Rally IncomingDXY recently reached its highest level since 2022 after a huge rally off of $100. This is a longer term monthly chart. We can see what appears to be bullish consolidation since 2022 between $100-$105. The next move will be up to that 2022 high followed by a move back up to the 2001 high and potentially higher. This will be a disaster for equities.
US treasury yields are about to skyrocket causing the collapse of the Japanese Yen and most likely many other currencies. The fed will have to pause the cuts, they may even be forced to hike again. The writing is on the wall. If I'm wrong and it falls instead, $100 is the next area I'd look for it to hold. As long as it holds there, it is still bullish on the longer term time frames in my opinion.
DXY long1)Trend defined. Daily uptrend.
2)Contradictory limit entry order. At the lower extreme of an 1h consolidation area.
3)Default loss. Just below the initiative bull candle.
4)Default target level. 5.54.
5)Risk <= 3%.
6)Singular trade.
7)Trades placed today <= 5.
USD completing wave 5US Dollar index hit the long term 61.8% retracement at 108.95.
This could be the wave 5 completion, which may be a big resistance for the US Dollar to start the year.
DXY Major reversal Good day traders and investors,
Well, it looks like the dollar has had a major reversal just as expected and right on time. I have been expecting for a couple months now that something big is to be expected by mid September to the latest mid October as the cycle pertains too. The DXY hit the .5 on the fib which is generally a big reversal area, and boy did it reject. It looks like gravestone doji has formed as well. This is stock and crypto positive. What was the news at same time? Surprise!!! More war, now with Israel the "holy Land"
In the seeks to follow look for the dollar to collapse as assets rise.
Key Levels for the Month ∷01.2025 ∷DXY🔳Key Levels Overview for the Month🔲 ∷01.2025 🐍
Dynamic Resistance🔀
110.50
109
Dynamic Supports🔀
106.50
105
Mid Pivot (🐻bull&bear🐂 zone ch trend)
112.50
108.54
104.44
range of supply and demand
110.02
107.33
104.64
Range Band 🐇
111.26
107.94
104.61
What's Flowing: FX & CRYPTO“If it’s for the bulls, it’s for the bears” – an acknowledgment that markets are cyclical, often presenting opportunities on both ends of the spectrum. In this snapshot, bear sentiment dominates DXY and XAU/CHF, while BCH/USD shows significant retracement after a bullish rally.
Happy New Years, Your Most Profitable Day is Still Yet To Come!
Dollar Bias for Christmas weekEverything is clear in the chart.Low volatility long vacations but mindful to play.
