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U.S. Dollar Index

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DreamAnalysis | DXY Insights with Major Price Zones AheadToday, we’re diving into the DXY (US Dollar Index), a key player in the forex market. We’ll break down its current price movements and explore what we can anticipate based on critical levels. 📊 Current Market Overview : At the moment, the price has swept through several key sell-side liquidity (SSL) levels, including the Previous Month Low (PML). We expected a retracement higher, but so far, price hasn’t made any significant moves. Now, price is hovering around an Equal Low (EQL), which also aligns with the Previous Week Low (PWL). With that said, the possibility remains that price could drive lower, clearing additional SSL levels. 🕓 Identifying Key Levels : Here are the critical levels we’re monitoring on the chart: - PMH: Previous Month High - PML: Previous Month Low - PWH: Previous Week High - PWL: Previous Week Low - EQL: Equal Low - BSL: Buy-Side Liquidity - 4H FVG: 4-Hour Fair Value Gap (potential retracement and imbalance zone) - Daily FVG: Daily Fair Value Gap These levels represent important zones where the price may gather liquidity, enabling it to move toward the next major target. The Fair Value Gaps (FVGs) are imbalances that price may revisit to "rebalance" and collect orders. 📈 Bullish Scenario : For a bullish outlook, we’ll need to see the price sweep the Previous Week Low (PWL) liquidity level, which is also an Equal Low (EQL). However, aggressive traders may look to lower time frames to find entries as price dips into low-resistance sell-side liquidity zones. 📉 Bearish Scenario : In a bearish scenario, we would need the price to sweep low-resistance buy-side liquidity (BSL) levels on lower time frames before targeting lower levels like the Previous Week Low (PWL). Currently, there isn’t strong confluence on higher time frames to aim for significantly lower prices. 📝 Conclusion : As we wrap up, it’s crucial to remain flexible and responsive to changing market conditions. Understanding key levels and potential scenarios allows us to refine our trading strategies and capitalize on opportunities. 🔮 Future Market Trends : Stay tuned! We’ll continue tracking the DXY, EUR/USD, and other major currency pairs, offering timely insights and updates as the market evolves. ⚠️ Disclaimer : The information provided here is for educational purposes only and should not be considered financial advice. Always conduct your own research and consult with a licensed financial advisor before making any investment decisions.
TVC:DXYLong
by DreamAnalysis
Levels discussed on livestream 25th September25th September DXY: Retracing from 100.20, could retest 100.60, look for rejection to continue lower to 100 and 99.70 major support level. NZDUSD: Buy 0.6310 SL 20 TP 50 AUDUSD: Sell 0.6880 SL 20 TP 40 GBPUSD: Buy 1.3345 SL 40 TP 80 EURUSD: Buy 1.1205 SL 15 TP 45 USDJPY: Could range between 145 and 143, look for breakout potential USDCHF: Buy 0.8470 SL 20 TP 80 USDCAD: Sell 1.3420 SL 25 TP 55 Gold: Bounce off 2652 could trade to 2670 with major level at 2700
TVC:DXY
by JinDao_Tai
DXY Will Go Lower From Resistance! Sell! Please, check our technical outlook for DXY. Time Frame: 9h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is on a crucial zone of supply 100.056. The above-mentioned technicals clearly indicate the dominance of sellers on the market. I recommend shorting the instrument, aiming at 99.322 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!
CAPITALCOM:DXYShort
by SignalProvider
1
Will ongoing risk-on theme keep dampening the US dollar further?Macro theme: - On Tue, PBoC surprised investors with a new set of support measures that positively impact risky assets. This unexpected move has injected a fresh wave of optimism into the markets. -In contrast, the latest data from the US revealed a surprising decline in consumer confidence, which fell to 98.7 this month from a revised 105.6 in Aug. This marked the most significant drop since Aug 2021, sparking concerns about the health of the US economy. - As a result, market expectations for another 0.5% rate cut by the Fed at its Nov meeting have increased significantly. According to CME Group's FedWatch Tool, the probability of such a move jumped to 60.7% from 53% just a day earlier. This shift towards a more dovish monetary policy stance has further weakened the US dollar as investors become more risk-tolerant. Technical theme: - On the 4-hour chart, DXY broke its support area of 100.55-100.60 and confirmed its downward movement. The price is trading below both EMAs by a fair distance, and there is a risk of a potential mean reversion if it tests a strong psychological level, such as 100.00, ahead. - If DXY extends its decline, it may retest and find psychological support around 100.00, confluence with its descending channel's lower bound.  - Meanwhile, DXY may recover to fill its gap and retest the broken area around 100.55-100.60 before resuming its downward movement. Analysis by: Dat Tong, Senior Financial Markets Strategist at Exness
TVC:DXYShort
by DatTong
2
U.S. Dollar Index is near to fall. Soon..The US Dollar Index (DXY), which measures the value of the US Dollar (USD) against basket of other six major currencies, extends its losses for the 5th consecutive week in a row, hovering below 102 points during the U.S. regular hours on Monday, August 19. Over the past week, Gold spot (XAUUSD) has topped $2500 per ounce psychological high also, minting new all the history peak, while Forex Eur/Usd (EURUSD) pair just has flashed a positive 2024 YTD return, jumping above 1.10 psychological degree. The US Dollar continues to weaken following dovish comments from Federal Reserve (Fed) officials, which have increased a new portion of expectations for an interest rate cut by the central bank in September. Furthermore, last week’s US economic data revealed that both the Producer Price Index (PPI) and Consumer Price Index (CPI) suggest that inflation is easing. Federal Reserve Bank of San Francisco President Mary Daly stressed on Sunday that the US central bank should adopt a gradual approach to lowering borrowing costs, according to the Financial Times. Daly countered economists' concerns that the US economy is facing a sharp slowdown that would warrant rapid interest rate cuts. Additionally, Federal Reserve Bank of Chicago President Austan Goolsbee cautioned that central bank officials should be careful not to maintain a restrictive policy longer than necessary. Although it's uncertain whether the Fed will cut interest rates next month, failing to do so could negatively impact the labor market, according to CNBC. Additionally, the decline in the US yields contributes to downward pressure for the Greenback. 2-year and 10-year yields on US Treasury bonds stand at 4.05% and 3.85%, respectively, at the time of writing. This week, all eyes will be on Federal Reserve Chair Jerome Powell's upcoming speech. In a bottom line, the major technical graph for the US Dollar Index (DXY) indicates on possible huge decline for the next upcoming 12 to 18 months. The secondary RSI(14) graph indicates also, the bearish sentiment prevails.
TVC:DXY
by Pandorra
Dollar Index 4hr analysisContinuing our scenario analysis and forecast on the weekly and daily timeframes, here are the reasons for which we believe that at the moment the most likely scenario to play out is scenario 1 (dollar strength), from now on or soon: 1. the flat most likely to play out in the daily is a regular flat (dark blue) because the flat inside it (light blue) is the one that looks most proper, or "ideal", as it has a perfect correction inside it to mark the b wave (marked by a circle, both on the chart and on the macd). 2. the contracting flat that you can see in part 2 of our daily analysis, is a terrible looking correction because even it it were a contracting flat, still the b wave inside it should be the most corrective piece, and it isn't. 3. there is growing divergence on the way down in this last move down on the 4hr, which indicates a potential turn. Please follow us if you feel that our analysis or setups can be of help! Thank you for viewing.
TVC:DXYLong
by TradingClear
Which scenario now for DXY ? (weekly timeframe) - part 2This is the second scenario that could still play out on the dollar index. If you've seen part 1 of this analysis, you will know that I have mentioned the fact that a solid direction has not yet been taken nor been confirmed. In this second scenario, opposite to scenario 1, the dollar will continue to be weak, therefore it will continue it's road to the downside. weakness. Technically speaking, if this is the scenario that will play out, then the flat in the middle (marked by the yellow lines) is a contracting flat. We like this scenario less, and we think this is the least likely scenario, because inside the alleged (contracting) flat, the b wave is the one which is the least corrective, which doesn't really "work" for a b wave. At the moment, we cannot entirely rule out this scenario, however, because we are in fact moving under (maybe consolidating under) what would be the trend line if that really is a contracting flat. However, considering we are "getting tired" of going lower (pls see 4hr timeframe analysis), considering we the likelyhood of scenario number 1 and considering we are at a low price, we will start looking for buys on the dollar (so sells on eurusd for instance).
TVC:DXYLong
by TradingClear
Which scenario now for DXY ? (weekly timeframe) - educationalWhich scenario is going to unfold, at this point, on the dollar index on the weekly and daily timeframes? That is the question everyone's asking. There are two scenarios still possible, because the direction has not been either taken not confirmed as yet. This is scenario 1: we will now go for a reversal of the dollar (dollar strength) to complete a regular flat, before resuming the downside. Is this the most likely scenario? At the moment it seems it is, because on the daily timeframe you can see that the movement that occurred between December 23 and April 24 has the biggest correction inside, which would make said movement the B wave of the internal flat (marked in light blue). At this point, we are therefore starting to look for buy opportunities on the dollar index, so sell setups on eurusd for instance.
TVC:DXYLong
by TradingClear
Inter-market analysis I'll conduct an inter-market analysis focusing on the relationships between various financial instruments over different time frames. 1. Short-term view (Image 2 - approximately 1 month): - Gold (yellow line) has been the best performer, showing a steady uptrend and currently up 5.07%. - The U.S. Dollar Index (green line) has been relatively stable, with a slight decline of 0.06%. - SPX (red line) has shown some volatility but is up 1.18%. - Bitcoin (blue line) and WTI oil (white line) have been more volatile, with Bitcoin currently down 2.57% and WTI down 4.94%. 2. Medium-term view (Image 1 - approximately 3 months): - Gold continues to be the top performer, up 13.69%. - The U.S. Dollar Index has weakened, down 4.91%. - SPX has recovered and is now up 4.25%. - Bitcoin has shown significant volatility but has recovered to a 1.91% gain. - WTI oil has had a strong recovery, now up 10.56%. 3. Long-term view (Image 3 - approximately 9 months): - Gold has been the most consistent performer, up 28.21%. - Bitcoin shows the highest volatility, with dramatic swings, currently up 39.39%. - SPX has had a steady uptrend, now up 20.31%. - The U.S. Dollar Index has weakened over this period, down 1.56%. - WTI oil has recovered from earlier lows, now up 1.47%. Key observations: 1. Inverse relationship between Gold and the U.S. Dollar: As the dollar weakens, gold tends to strengthen, which is evident across all time frames. 2. Bitcoin's high volatility: While showing strong performance over the long term, Bitcoin experiences significant short-term fluctuations. 3. Steady performance of equities (SPX): Despite some short-term volatility, the stock market has shown resilience and growth over the medium and long term. 4. Oil price recovery: After a period of weakness, oil prices have shown a strong recovery in the medium term. 5. Safe-haven appeal of Gold: Gold's consistent performance across all time frames suggests its role as a safe-haven asset during periods of market uncertainty. This analysis suggests a market environment characterized by dollar weakness, strength in alternative assets like gold and Bitcoin, and resilience in equities. The recovery in oil prices could indicate improving global economic expectations. Investors appear to be balancing between risk assets (equities, Bitcoin) and safe-havens (gold), possibly hedging against inflation or economic uncertainty.
TVC:DXY
by Moshkelgosha
DXY Analysis: Wyckoff Accumulation Suggests Upside PotentialDXY Analysis: Wyckoff Accumulation Suggests Upside Potential The Dollar Index (DXY) recently bottomed following an extended period of consolidation, marking the end of a Wyckoff Accumulation pattern on the chart. This phase of accumulation indicates that the dollar has likely built enough momentum for a bullish move. In the near term, I expect DXY to rise toward 101.6, followed by further strength taking it to 105.55 by the end of the year. As the accumulation phase transitions into a markup phase, the dollar is set for a period of appreciation.
TVC:DXYLong
by Hexacapital