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Dxyindex

Potential bullish rise?US Dollar Index (DXY) has reacted off the pivot which has been identified as a pullback support and could rise to the 1st resistance. Pivot: 107.90 1st Support: 107.12 1st Resistance: 108.93 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.
TVC:DXYLong
by ICmarkets
Head and Shoulders pattern on the 4-H, for DXY US Dollar IndexTVC:DXY This chart shows a clear Head and Shoulders pattern on the 4-hour time frame for DXY (US Dollar Index), which is a bearish reversal pattern. Here's a short analysis: Key Levels: The neckline is at approximately 108.000, acting as a crucial support zone. A breakdown below the neckline would signal further bearish momentum. Pattern Confirmation: Wait for a breakout below the neckline, followed by a possible retest, to confirm the pattern. Bearish Target: The measured move from the head to the neckline can be projected downward, aligning with the next key support levels around 107.000–106.500. Invalidation Zone: If price breaks above the right shoulder high (around 108.800–109.000), the bearish scenario could be invalidated. Would you like to explore specific trade setups based on this pattern? Here’s how you can structure trade setups based on the Head and Shoulders pattern visible in the chart: 1. Bearish Setup (Breakout Strategy) Entry: Enter a short position after a confirmed breakout below the neckline (108.000). Wait for a strong bearish candle close below this level. Stop Loss: Place the stop loss above the right shoulder high at 108.800–109.000, depending on your risk tolerance. Take Profit Targets: 1st target: 107.500 (psychological level and near-term support). 2nd target: 107.000 (projected move based on pattern). 3rd target: 106.500 (long-term support zone).
TVC:DXYShort
by TRADE_CENTER_1
DXY- Start of correction?In my previous analysis of the DXY, I mentioned that the index might begin a correction after more than three months of upward movement and a 10% increase. Yesterday, the market opened with a downside gap and broke below the rising trendline that had been supporting the price since the 100 mark. This suggests that 110 could now serve as a local top. As long as the price remains below this level, shorting the USD currency could present a viable trading opportunity. I am currently looking for buying opportunities in currency pairs such as EUR/USD, GBP/USD, AUD/USD, and NZD/USD.
TVC:DXYShort
by Mihai_Iacob
DXY - OVERBOUGHT = Risk On in Near Term = GainsThe DXY RSI levels are approaching overbought territory. Don't need to over think this one. I'm looking for a mean reversion. On average, it appears a DXY pull back is +/-12%. $102-$98 is the level I'm watching for the short/medium term for the DXY. I imagine it strengthens again in the future, but it's offside at the current moment. Stonks, BTC, & Crypto are looking prime for a risk on environment & substantial gains - for at least the short to medium term - if the DXY sells off. Either way, it's looking like the DXY will need to mean revert in the near term. BULLISH.
TVC:DXYLong
by BitInfo12
DXY SINGLING DANGER!Any Time The Dollar Gets In This Range Bad Things Happen! With the exception of the 2008 GFC which confirmed we have entered Debt Deflation (Meaning the Gov will need to borrow more and more, faster and faster without any benefit to the real economy). A strong dollar is signaling something very bad is coming. Gun to head I would guess something like an Asian Currency Crisis. Russian ruble & economic collapse is now a certainty! Russia has lost the war no matter what they are trying to do on the battlefield it is irrelevant as the economy is now suffering from Dutch Disease. (So Much for the BRICS fantasy!) Most Americans believe a strong dollar is good. They are wrong. Here are a few things to know about a strong US Dollar. 1. A strong dollar weakens exports, costing American jobs as everything America made becomes more expensive to the rest of the world. 2. US Imports increase as everything internationally made becomes cheaper. 3. Acquiring USD as foreign reserves becomes much more difficult and expensive. As exporters to the US have to produce more for less $s. 4. US investment in international currency collapses, forcing inflation, rates higher making borrowing/investment in foreign economies weaker. Leading to a snowball effect. 5. Commodities are traded in USD. As such energy/food to many poor nations will become a problem as they are net importers with already limited access to NYSE:S it will be magnified. 6. Finally (I could go on but I won't you get the point) when everyone leans on one side of the boat it capsizes. Meaning when everyone is running to invest in the US & the dollar. Techanically how high can the USD go? -120 is likely. (hopefully not much more) -Longer term if things get bad enough it can break all-time highs of 165 as we have this massive bottoming inverse HEAD & SHOULDERS in place. CARNAGE! - What I hope will happen is that it hits previous recent highs of 115 and that will be it for the upside. HOWEVER! We do have a rising structure that needs to be corrected. As such when it does correct there is a good possibility it tests previous lows. For now, if you live in the US. enjoy dollar strength and think about how much worse inflation would have been if the $ was weakening. ))
TVC:DXYLong
by RealMacro
NIFTY50 @ 200 Day SMAToday we are plotting the US Dollar Index vs NIFTY50 (the top 50 Market Cap stock from India). India was one of the favourite in 2023 and 2024 has fallen out of favour. As the Dollar index is making new highs, NIFTY50 is making 20-Day, 50-Day, 100-Day and 200-Day Simple moving average . But 200-Day SMA has acted as a support and the index has jumped up form those price points. Will this time it will be different ? The Dollar index is going from a risk reversal and heading downwards. So this can be a tailwind for NIFTY50.
NSE:NIFTYLong
by RabishankarBiswal
DXY could start correcting soonThe last quarter of 2024 was exceptionally bullish for the DXY, with the price climbing from 100 to a peak around 109—a substantial 9% increase in a relatively short period. The bullish momentum has continued into the start of 2025. However, since late December, the price action has become more overlapping, which could indicate the potential for a reversal. At present, the price remains above the bullish trendline, so there are no clear reversal signals yet. That said, it’s important to monitor for a downside break. If such a scenario occurs, the index could drop toward the 106 support level.
TVC:DXYShort
by Mihai_Iacob
1
"Awaiting Bearish Confirmation at Key Resistance Zone on DXY"Based on the chart of the U.S. Dollar Index: 1. **Trend Analysis**: The index is currently within an upward channel, indicating a bullish trend. The price is oscillating between the upper and lower boundaries of this channel. 2. **Recent Movements**: There’s a noticeable price peak around the upper boundary, suggesting potential exhaustion. The recent downward movement indicates the possibility of a reversal. 3. **Bearish Confirmation**: The note emphasizes waiting for bearish confirmation before executing any trades. This suggests that it's prudent to look for signs of trend reversal or weakening momentum before making a bearish move. 4. **Strategy**: The advice is clear: without confirmation of a bearish trend, no trading should occur, highlighting a cautious approach. 5. **Key Levels**: Watch for key support around the mid-channel and resistance near the upper boundary, which could signal entry or exit points. Overall, the chart indicates a cautious approach is necessary, focusing on confirmations before taking any trading actions.
TVC:DXYShort
by TRADE_CENTER_1
Bearish drop?US Dollar Index (DXY) has reacted off the pivot and could potentially drop to the 1st support. Pivot: 109.38 1st Support: 108.53 1st Resistance: 110.17 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.
TVC:DXYShort
by ICmarkets
2
Gold Breakout and Retest in Play"This chart shows **gold's (XAU/USD)** price action on the **2-hour timeframe** with some key elements: OANDA:XAUUSD 1. **Break of Structure (BoS) and Change of Character (ChoCh):** - Upward trendlines marked multiple BoS points, indicating higher highs and higher lows during the uptrend. - A significant **ChoCh** occurred after the upward trendline broke, suggesting a potential shift to a bearish trend. 2. **Breakout Zone:** - The price broke below a key support area (gray box) and is now testing it as a resistance. This retest aligns with classic breakout-and-retest strategies. 3. **Projection:** - The chart suggests a bearish move as the retest is expected to hold. The blue arrow projects a potential decline in price, with targets likely around **$2,650** or lower. **Summary:** This setup indicates a bearish sentiment. If the price fails to break above the resistance zone during the retest, it could confirm the downward move. Key levels to watch are the resistance zone around $2,670–$2,680 and potential targets around $2,650 and below.
OANDA:XAUUSDShort
by TRADE_CENTER_1
Strong Dollar Puts Bitcoin at Risk: 5 Things to Watch This Week The cryptocurrency market is bracing for a potentially volatile week as the US dollar reaches its highest point since the 2022 bear market. This surge in the dollar's strength has historically presented challenges for Bitcoin, and traders are closely monitoring several key factors that could influence BTC's price in the coming days. 1. The Dollar's Dominance The US dollar's resurgence is a critical factor for Bitcoin traders to consider. A strong dollar often exerts downward pressure on Bitcoin's price.2 This inverse relationship stems from Bitcoin's pricing in US dollars; when the dollar is strong, it takes fewer dollars to buy the same amount of Bitcoin, thus lowering the price. 2. Bitcoin's Price Risks Bitcoin's price has struggled to break free from the shackles of the bear market, and the strengthening dollar adds another layer of complexity. Traders are wary of potential downside risks, especially if the dollar continues its upward trajectory. The psychological barrier of $100k remains a key level to watch; a break below this could trigger further sell-offs. 3. Correlation with Traditional Markets Bitcoin's correlation with traditional markets, particularly the S&P 500, has been a recurring theme. As the dollar strengthens, it can also impact traditional markets, leading to a risk-off sentiment. This could further weigh on Bitcoin's price, as investors may seek safer assets like cash or bonds. 4. On-Chain Metrics While on-chain metrics provide valuable insights into Bitcoin's network activity, they may not offer immediate relief from the dollar's influence. Metrics such as exchange reserves, miner activity, and long-term holder behavior can indicate underlying strength or weakness in the Bitcoin market.3 However, these factors may take time to play out and may not immediately counteract the effects of a strong dollar. Conclusion The confluence of a strengthening US dollar and Bitcoin's existing price risks creates a challenging environment for traders. While the long-term outlook for Bitcoin remains positive, the short-term picture is clouded by uncertainty. Traders should exercise caution and closely monitor the factors outlined above to navigate the potential volatility in the Bitcoin market this week.
BITSTAMP:BTCUSD
by bryandowningqln
USDJPY and US10Y Late last summer on Aug 5th when the Yen Carry trade unwound, the S&P 500 fell more than 5% intraday and VIX spiked to 60. This marked a localized bottom on the USDJPY daily chart with US10Y making 52 week lows the following month Sept. Since then, the US10Y has been on a relentless run to the 52-week high of 4.79%. This reminds us that under the surface there might be Yen carry trade in full swing. That means traders / investors are borrowing at low interest rate in JPY and then buying the US10Y to get the interest rate differential. This is also pushing the US Dollar index to recent ATH. There might be sharp reversals when the USDJPY carry trades unwind. Watch for key levels in US10Y and DXY. US10Y at 5% might be the turning point which will mark a failed breakout at Oct 2023 highs.
by RabishankarBiswal
Another ratio chart : NIFTY 50 vs S&P 500Another ratio chart. Today we look at the performance of India NIFTY50 vs US S&P 500 on a weekly basis. IN this ratio chart all the 50-, 100- and 200-day SMA are below the short term 20 DMA. Prior tops can act as support as indicated by the red arrows. The estimate is that the chart will consolidate here, and the future direction will be determined by the US Dollar. Please watch out for DXY. Will it break above the recent ATH from Oct 2022 of 113 (blue arrow) or breakdown before reaching the top? This will determine the direction of Nifty 50 vs S&P 500.
NSE:NIFTY
by RabishankarBiswal
"US Dollar Index (DXY): Bearish Rejection at Key Resistance ZoneThis chart for the US Dollar Index (DXY) on the 2-hour timeframe highlights a clear resistance zone around **109.034–109.278**, where price has rejected multiple times (marked by the orange circles). This indicates strong selling pressure at this level. ### Key Observations: 1. **Double/Triple Top Formation**: The repeated rejection around 109.034 suggests that sellers are defending this area. 2. **Bearish Bias**: The projection arrow indicates a potential bearish move from this resistance zone toward lower support levels around **108.380** and possibly further. 3. **Stop Loss Zone**: The red zone above 109.278 likely represents an invalidation level for any short positions. If price breaks and holds above this zone, it could signal further bullish momentum. 4. **Support Areas**: The highlighted zones below (around **108.380** and **108.000**) serve as potential profit-taking or reversal zones for shorts. ### Potential Trade Idea: - **Sell Zone**: Around 109.034–109.278. - **Target 1**: 108.380. - **Target 2**: 108.000 (if momentum continues). - **Stop Loss**: Above 109.278. This aligns with a bearish rejection play at resistance. However, if DXY breaks above 109.278 with strong momentum, you might consider switching bias to bullish. Always watch for confirmation before entering!
CAPITALCOM:DXYShort
by TRADE_CENTER_1
1
Gold's Shine Dims: Retesting Peaks Before the DropXAU/USD: Navigating Uncertain Currents Amid Resistance Challenges Gold (XAU/USD) has been navigating a phase of consolidation while steadily creeping toward the critical resistance level at 2667. This level stands as a psychological and technical barrier, and the market seems poised for a decisive moment. The current upward trajectory suggests a potential breakout is on the horizon. However, doubts loom large as various economic and geopolitical factors cast a shadow over this bullish move. Economic Crosswinds and Market Sentiment The lingering question remains: Will the breakout materialize? Gold’s performance has been mired in a complex web of economic data that has consistently hindered its momentum. Over the past few months, the global economy has presented a mixed bag of signals, with inflationary pressures rising across major economies, particularly in China, which recently released discouraging data on its economic growth. Meanwhile, the Federal Reserve’s hawkish stance, as reflected in its latest meeting minutes, continues to support the strength of the US dollar, further dampening gold’s appeal. Adding to this complexity, the lack of fresh geopolitical flashpoints or significant shifts in fundamental data leaves gold’s recent ascent somewhat puzzling. Historically, gold has thrived on uncertainty, but with no major new developments from global hotspots and a stronger dollar exerting downward pressure, its current upward move appears to lack a robust foundation. Moreover, the metal faces headwinds from an improving macroeconomic environment in the United States. The Federal Reserve’s resolute approach to inflation control, coupled with Trump-era tariff policies still casting a shadow on international trade, adds to the uncertainty surrounding gold’s price action. Liquidity Grabs and Resistance Retests From a technical perspective, the market’s structure remains bullish, though caution is warranted. Before a potential reversal or significant correction, the possibility of a liquidity grab around the key resistance level at 2667 cannot be ruled out. This move would likely attract cautious buyers and trigger stop-loss orders, temporarily pushing prices higher. A subsequent retest of key zones of interest—such as the higher resistance levels at 2675 and 2692 or the channel resistance—could follow before any meaningful correction materializes. Such behavior aligns with gold’s historical price action, where false breakouts or liquidity hunts often precede major directional shifts. Buyers, already hesitant due to the lack of strong bullish fundamentals, may adopt a wait-and-see approach as the market tests these critical thresholds. Fundamental Challenges Weighing on Gold Despite its recent climb, gold remains under pressure from a host of unfavorable factors. The following nuances continue to resist upward momentum: Stronger US Dollar: As the dollar strengthens, gold, priced in dollars, becomes more expensive for international buyers, limiting demand. Hawkish Federal Reserve: The Fed’s firm stance on controlling inflation and its willingness to maintain higher interest rates for longer reduce the appeal of non-yielding assets like gold. Global Inflation: Rising inflation in key economies, coupled with central bank tightening, creates a challenging environment for gold. Lack of Geopolitical Catalysts: With no new conflicts or crises dominating headlines, gold lacks the safe-haven demand typically driven by geopolitical turmoil. Trump’s Tariff Policies: Although dated, the lingering effects of these trade policies continue to influence the broader market sentiment, adding uncertainty to gold’s performance. Resistance and Support Levels From a technical standpoint, the following levels are crucial: Resistance: 2667 (key level), 2675 (upper zone of interest), and 2692 (channel resistance). Support: The ascending trendline near 2656 acts as a critical support level, underpinning the bullish structure in the short term. Short-Term Outlook and Market Expectations In the near term, I anticipate an attempt to break through the 2667 resistance level. Should this breakout occur, gold may test higher zones of interest such as 2675 or even 2692. However, such a move would likely face stiff resistance, paving the way for a corrective phase. The interplay of technical signals and fundamental challenges makes the current price action intriguing yet uncertain. While the structure remains bullish in the short term, the broader picture suggests caution. A breakout above resistance levels might temporarily buoy sentiment, but without solid fundamental support, any gains could prove short-lived, leading to a sharp correction as the market recalibrates. In conclusion, while gold’s recent rise has sparked interest, it remains entangled in a web of conflicting signals. As traders navigate this challenging environment, all eyes will be on key resistance levels and the broader macroeconomic backdrop to determine the metal’s next move.
OANDA:XAUUSD
by lonelyPlayer0