Dollar Index (DXY): Massive Breakout The Dollar Index has dropped below an important level of support and has now become a resistance point. It is likely that a downward correction will persist, with the next support level being at 105.40.Shortby linofx11
R.I.P 1971-2024 DXYInflation has risen once again people, you want rate cuts still (wont stop em anyway) ? how do you feel about the money supply the interest rates the inflation rates debt ceiling America global police role dollar dominance TRUMP ? STOCK MARKET CRASH its time what goes around comes around is all i can sayShortby Bekiumuzi_DubeUpdated 224
Bullish bounce?US Dollar Index (DXY) has reacted off the pivot which is a pullback support and could drop to the 1st support which is a pullback support. Pivot: 106.18 1st Support: 105.27 1st Resistance: 107.04 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.Shortby ICmarkets5
DXY Potential UpsidesHey Traders, in today's trading session we are monitoring DXY for a buying opportunity around 105.500 zone, DXY is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 105.500 support and resistance area. Trade safe, Joe.Longby JoeChampion2211
#dxy #elliottwave short sell setup wave c 28Nov24This count is based on my assumptions so anything can happen not a trading or financial advice just for educational purposes only kindly do your own ta thanks trade with care good luck.Shortby alibadshah88Updated 5
#dxy #elliottwave long buy setup wave 5/c/b 29Nov24This count is based on my assumptions so anything can happen not a trading or financial advice just for educational purposes only kindly do your own ta thanks trade with care good luck.Longby alibadshah88113
Unmasking DXY's Bullish Potential with Volume ProfileH ello, The unusually high market activity around the 100.5 level indicated strong bullish accumulation. The yellow ellipses highlight the volume and price levels. You can see that volume decreases both above and below this key level. This accumulation is evident because the price broke out of a bullish consolidation pattern, as shown in the left yellow circle, reaching a high of 103.9, indicated by the yellow line. This is the current level, where you may notice exceptionally high market activity. As the price remains above the green demand zone, the red supply zone may be tested, as suggested by the volume profile. Regards, ElyLongby Elysian_MindUpdated 2
DXY Is Bearish! Sell! Take a look at our analysis for DXY. Time Frame: 1D Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is approaching a significant resistance area 106.269. Due to the fact that we see a positive bearish reaction from the underlined area, I strongly believe that sellers will manage to push the price all the way down to 104.187 level. P.S The term oversold refers to a condition where an asset has traded lower in price and has the potential for a price bounce. Overbought refers to market scenarios where the instrument is traded considerably higher than its fair value. Overvaluation is caused by market sentiments when there is positive news. Like and subscribe and comment my ideas if you enjoy them!Shortby SignalProvider113
DXY 4HWe can see a good bearish leg on DXY - This is not sell or buy signal. Don`t trade with anybody else analysis or signals. - Never risk more than 1% of your account on any position. And don't forget to have more than 5 confirmation for any trade!Shortby HamidJamNaderi3
DeGRAM | DXY exiting from the accumulation zoneDXY is in a descending channel between trend lines. The chart has already reached the lower boundary of the channel, the lower trend line and the support level, which has already acted as a rebound point. Price has quickly picked out of the range between the levels and is now above the accumulation zone. AB=CD pattern has been formed. We expect a rebound after consolidation above the accumulation zone. ------------------- Share your opinion in the comments and support the idea with like. Thanks for your support!Longby DeGRAM6616
USDX focuses on resistance near 106.6On the 4-hour chart, USDX fell from a high, and short-term bears have the upper hand. At present, you can pay attention to the resistance near the downward trend line 106.6. If the rebound is blocked, you can leave a message for shorting opportunities. The support below is around 105.5. After breaking through, the support below is around 105.0. If the price breaks through the resistance near 107.0, it will return to the bullish trend.Shortby XTrendSpeed4
DeGRAM | DXY breakout of the channelDXY is between the trend lines under the ascending channel. The chart is moving from the upper trend line and has already dropped below the lower boundary of the channel. The price is under the 78.6% retracement level. We expect a decline. ------------------- Share your opinion in the comments and support the idea with like. Thanks for your support!Shortby DeGRAMUpdated 339
Bearish drop?US Dollar Index (DXY) is rising towards the pivot which is a pullback resistance and could drop to the 1st support which is a pullback support. Pivot: 106.52 1st Support: 105.44 1st Resistance: 107.57 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. Shortby ICmarkets7
DYX I can see W patternDYX 1 Day tf W pattern spotted. Dollar will get stronger that means other markets and Gold will get weaker. Target is 106Longby saajan444Updated 110
DXY: High-Probability Retracement SetupThe DXY has been forming higher highs, signaling bullish momentum. Currently, the market appears to be making a short-term retracement into a daily bullish order block (OB) at 105.174, which aligns with a high-probability setup, further supported by a fair value gap (FVG) just above it. Confirmation of this retracement transitioning into expansion will occur if a daily candle taps into the OB and closes above the PD array. If this scenario unfolds, the next target is the buy-side liquidity (BSL) at 108.060, marking a significant level for potential upside momentum. Keep an eye on the daily closures for validation, and always align entries with confluences for optimal risk management.Longby INSIDER_INTEL2
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)by brainrotcapitalUpdated 110
DXY Top Bands WeeklyTop bands to Bottom bands, and I will still be bearish when its down there. Dollar has been bullish since 2008. 2024 now, it is time for the bear market. Macro chart for dollar is lower highs lower lows, right now we are on the high. I'm bearish on dollar, and hence i'm buying GBPUSD / EURUSD for long term. Shortby TheChartWhisperer4
DXY/USD to strong setupUS Dollar defends its ground as markets digest FOMC minutes In Tuesday's session, the US Dollar Index (DXY) which measures the value of the Greenback against a basket of currencies, fluctuated near 107.00 following the release of key economic data. In the meantime, markets digest President-elect Donald Trump’s threat to impose tariffs on three of its largest trading partners and look for clues in the Federal Open Market Committee (FOMC) Meeting Minutes from the Novemeber meeting.In Tuesday's session, the US Dollar Index (DXY) which measures the value of the Greenback against a basket of currencies, fluctuated near 107.00 following the release of key economic data. In the meantime, markets digest President-elect Donald Trump’s threat to impose tariffs on three of its largest trading partners and look for clues in the Federal Open Market Committee (FOMC) Meeting Minutes from the Novemeber meeting. The US Dollar Index has exhibited a bullish bias, driven by strong economic data and a less dovish Federal Reserve (Fed) stance. Despite recent pullbacks due to profit-taking and geopolitical uncertainty, the uptrend remains intact. Technical indicators suggest potential consolidation with overbought conditions easing. Shortby KingForex078Updated 1
DXY Long-Term Bearish OutlookThe price has been moving within a diagonal channel since 2009, completing five waves. We anticipate that the price has been forming a corrective structure following the downward movement in October 2022. Currently, the price may be forming Wave c of Wave (B), after which we could see a decline toward 97.81 "Wave (C)", potentially testing the lower boundary of the diagonal channel. Shortby Market_Minds_SM2
"DXY Technical Analysis - Bearish Correction with Potential Rebo"DXY Technical Analysis - Bearish Correction with Potential Rebound" "The US Dollar Index (DXY) on the 4-hour timeframe has entered a bearish correction after breaking a local high. Key support levels at 106.064 and the demand zone at 104.625 are critical for potential price reactions. If the price reaches these levels, a rebound toward the resistance at 107.348 could be expected. Please note that this analysis is for educational and informational purposes only and does not constitute financial advice." This ensures a professional and clear message for a TradingView audience.by Nima_Razaghi115
DXY potentially headed lower in coming monthsSelf explanatory. Very long term USD bullish but in coming months potential to see a 10% pullback in the USD. Shortby WVS_Stockscreen111
DXY - Pattern on going What do you think about this head and shoulders? Will be completed or not? in case we will go to 0,36 fibo reboundby flyhorse0