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U.S. Dollar Index

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DXY trade ideas

THE US DOLLAR (DXY) // primary long expansionThe last impulse, that is visible even on the weekly chart, broke the weekly structure. The emerging countertrend only came back to 23.6, but tested the weekly (and H4) breakout, and turned up in the direction of the primary trend. This is the expansion phase with a target of 109.00, and it is valid until the structure breaks on H4. ——— We may not know what will happen, but we can prepare ourselves to respond effectively to whatever unfolds. Stay grounded, stay present. 🏄🏼‍♂️ Your comments and support are appreciated! 👊🏼
TVC:DXYLong
by TheMarketFlow
Idea on DXY Dollar Index (DXY) continued to go higher on better-thanexpected PPI and softer EUR, following ECB meeting. Focus next on FOMC next week. DXY was last at 107 levels, OCBC’s FX analysts Frances Cheung and Christopher Wong note. Head and shoulders pattern have formed “Focus next on FOMC next week. A 25bp cut is more or less a done deal (markets pricing 97% probability of a cut).” “Bearish momentum faded while RSI rose. Head and shoulders pattern have formed but DXY has yet to break below the neckline and is now challenging the second shoulder. A decisive break below neckline is required for bears to gather momentum.”
TVC:DXY
by EZIO-FX
Dollar back to levels of 107.969 since 2022!!!Admittedly, last weeks prediction of the dollar for me was that I expected it to finally push down, However price action then clearly showed me otherwise by showing its clear intent to move further to the upside and refusal to break structure to the downside which I had tried to anticipate . Although price hasn't taken the last significant high that created the 1h supply we have seen CHOCH and BOS to the upside on the 1H time frame suggesting that price wants to push up further. This is validated by the pairs against the dollar wanting to push down and the fact that there is not only liquidity in the form of Asian highs but a large weekly imbalance and weekly supply zone where I predict price will push up to before finally returning to it's usual bearish trend. I can expect price to react from the 13min order block after the new Monday ASL is taken. If not we may see price pushing lower slightly simply in order to grab liquidity and find the correct zone to react from, potentially the 3H HTF demand I have marked out in order to push up. This also aligns with my pairs against the dollar that will push up and then come down.
TVC:DXYLong
by JamelCapital
U.S. Dollar IndexHello dear traders, In the past week, we witnessed the release of numerous economic news that had significant impacts on the market. These reports, especially concerning the U.S. economy, greatly influenced the price trends of the U.S. dollar (DXY) and other currencies. Analysis of Economic News from Last Week Various reputable economic organizations published reports including employment data, unemployment rates, and changes in Gross Domestic Product (GDP). Notably, the non-farm payroll (NFP) report, which was expected to indicate an increase in new jobs, turned out to be below expectations. This created heightened concerns about the strength and stability of the U.S. economy, which in turn pressured the dollar. Additionally, the announcement of high inflation rates and interest rates had compounded effects on market trends. While an increase in interest rates was anticipated, the negative news regarding economic growth raised concerns that future Federal Reserve meetings might be affected. Consequently, these combined factors led traders to adopt a cautious outlook on the market, resulting in price declines in the currency markets. Technical Impacts on the Market From a technical perspective, the U.S. dollar (DXY) chart has been showing bearish signals, and as previously mentioned, we expect a downward correction in the coming weeks. Price trends in the DXY align well with the recent economic news, as the breakdown of key support levels, such as 107.243 , and the formation of bearish patterns indicate weakness in this currency against others. Given the technical analysis, we can point out that if the downward trend in DXY continues, the charts of the euro (EUR), British pound (GBP), Australian dollar (AUD), and New Zealand dollar (NZD) will offer suitable buying opportunities. Particularly if corrections in DXY persist, we can expect further appreciation in these currencies. Conclusion Considering the detailed analysis of economic news and the technical conditions, it is recommended to keep in mind that rapid and significant changes in the market may occur following new announcements. With careful attention and appropriate risk management, you can take advantage of the upcoming opportunities. Thank you for your support and trust, and I hope the insights provided are beneficial for you. Fereydoon Bahrami "A retail trader in the Wall Street trading center (Forex)." Wishing you success!
TVC:DXYShort
by fereydoon1199
Buyside liquidity needed For long term short ahead. 12/13-12/20i am looking for Sellside imbalance buy side inefficiency to get tapped into and a market structure shift for a Swing trade on dxy/usd pairs - if it doesn't give me a market structure shift and a reaction then i will wait for the buyside liquidity to be breached and to be patient. There will definitely be a scalp coming into Monday NY session. I am going to be patient and wait i will be using stop losses and wait to see how this plays out for swinging. i think it would help you guys to see my scalps because im only scalping for 15pips no more than 30pips at most if i do get a scalp i will show and post win or loss transparency is a huge thing right now
CAPITALCOM:DXY
by SmmxTrader
DXY Technical Analysis: Quasimodo Pattern Alert!The DXY (US Dollar Index) chart reveals a significant Quasimodo Pattern, a classic trend reversal signal indicating potential downside momentum. The key resistance level at 107.14 stands strong. If this level isn’t broken, we may see the price sliding down to the 104.13 support zone. 💡 What does this mean for the markets? 1️⃣ Forex: A weaker DXY could drive EUR/USD and GBP/USD higher, while USD/JPY might head lower. 2️⃣ Gold: A declining dollar often supports gold prices, pushing them upward. 3️⃣ Crypto: A DXY drop may provide a bullish push for risk assets like BTC and ETH. 4️⃣ Stock Market: A weaker dollar could benefit US exporters, potentially boosting equity markets. 🔍 Key focus now: Will the 107.14 resistance hold, or will we see a reversal from here? Stay tuned—big moves could be ahead! 📉📈
TVC:DXYShort
by alemicihan
Market Year Wrap With Gary Thomson: 2024 Market Insights & 2025 Market Year Wrap With Gary Thomson: 2024 Market Insights & 2025 Outlook As we approach the close of 2024, it’s time to reflect on results and think of potential opportunities for the year ahead. Join Gary Thomson, the COO of FXOpen UK, as he sums up the key market trends that shaped 2024 and provides insights on what to expect in 2025. - Inflation and Interest Rates - Forex Market Trends - Commodity Markets - Stock Market Highlights - 2025 Outlook 🌐 FXOpen official website: www.fxopen.com CFDs are complex instruments and come with a high risk of losing your money.
FXOPEN:DXY
by FXOpen
1
DXY Best level for a long-term short.The U.S. Dollar index (DXY) has been trading within a 1.5 year Channel Up pattern (since July 14 2023) and just 2 weeks ago it formed a Golden Cross on the 1D time-frame. Having hit the pattern's top a week earlier, the current rebound seems to technically be part of the Lower Highs/ Lower Lows top formation, similar to October 03 - November 01 2023 peak. That was 1 year again, a peak formation that was also formed after a 1D Golden Cross. This indicates that the long-term pattern (Channel Up) is highly symmetrical and as the 1W RSI is also declining after a rejection on the 70.00 overbought barrier, we consider the current level the best possible short entry. The Bearish Leg that followed the 2023 High extended as low as the 0.786 Fibonacci level. As a result, we expect to see at least 102.000 (just above the 0.786 Fib) before any signs of a rebound. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
TVC:DXYShort
by TradingShot
1