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DXY Technical Analysis and Trade Idea for Week Beginning 5th FebGiven that the markets are either correlated or inversely correlated with the US dollar, I'm always looking at the DXY dollar index at the beginning of the week to see how it's shaping up. In this chart we can see that the DXY is bullish it has been range bound previously, however we saw quite a strong rally on Friday with the NFP data release. We can now see the break above the range and I'm looking at the retrace for a potential entry point. We can see similar opportunities presenting themselves with the EURUSD the AUDUSD etc. in the video we touch on how the market shaped up prior to the NFP release on Friday and we look at a potential trade opportunity. As always this information is intended for educational purposes only and not to be taken as financial counsel.
TVC:DXYLong
by fxtraderanthony
DXY Dollar Index Technical AnalysisThe DXY has demonstrated a notable rally on the 1-day (1D) time frame, exhibiting distinct range-bound price action as it operates within a previously established weekly distribution level. The absence of a discernible trend is evident, with the market remaining in a sideways movement for an extended period. With high-impact news events scheduled for later today, Thursday, and Friday, there is potential for a breakout from the current range, presenting opportunities with dollar pairs. It is imperative to clarify that this analysis is intended exclusively for educational purposes and should not be construed as financial advice.
TVC:DXY
by fxtraderanthony
DXY Dollar Index Technical Analysis and Preping for MondayThe DXY is presently confined within a range, evident on both the 1-day (1D) and 4-hour (4H) time frames. Given that it is the end of the week, I am exercising caution about active market participation, considering the customary manipulation observed on Fridays as smart money strategically targets stops, aligning them with the upcoming week's trend. In this video, we evaluate the dollar index and contemplate potential trade scenarios with dollar pairs for the approaching week. It is important to emphasize that this content is intended strictly for educational purposes and should not be considered as financial advice.
TVC:DXY
by fxtraderanthony
7
DXY (Dollar Index) Longs from 102.200 back upThe dollar index is presently responding to my 14hr supply zone, leading to a visible bearish reaction. Given that this supply is part of a 2-day supply, I anticipate price to move upward to further mitigate this supply, potentially triggering a more stronger bearish response. With the breakout from consolidation, I anticipate clearer price action. I will be monitoring for price to reach a 10hr demand zone that has previously resulted in a BOS on the higher timeframe. Upon reaching this point of interest (POI), I will then be on the lookout for an accumulation to unfold. Confluences for Dollar buys are as follows. - Market trend is overall bullish on the higher timeframe - Price has broken structure to the upside on the HTF. - Price is currently reacting off a supply to trigger the pullback towards our demand - Theres lots of liquidity and imbalances that need to get taken above as well. - 10hr demand zone lies within the 0.78 fib range and it caused the BOS to happen P.S. While I don't engage in direct trading of the dollar, I utilise it for confluence, especially since this pair significantly impacts the others I monitor. There's a possibility of a short-lived bullish trend if the 2-day supply zone doesn't hold. However, given the initial reaction, a downward movement seems likely. HAVE A GREAT TRADING WEEK AHEAD, LET'S CATCH THESE PIPS!
CAPITALCOM:DXYLong
by Hassan_fx
DXY Technical Analysis and Trade IdeaThe DXY has exhibited a prolonged period of consolidation, while the higher time frame reveals a robust downtrend. In the video analysis, we observe notable price action, identifying a triple top with a spike above, potentially indicative of a stop run, suggesting the likelihood of continued downward movement. Additionally, the video explores the prospect of a break below the current range low, followed by a retest and subsequent failure, presenting a potential selling opportunity. It is crucial to emphasize that the information provided herein is not intended as financial advice.
TVC:DXYShort
by fxtraderanthony
DXY Dollar Index Technical Analysis and Trade IdeaIn this video, we take a close look at the Dollar Index (DXY) on higher timeframes to assess the prevailing bullish momentum and its potential implications for traders. We'll delve into market structure, price action, and explore a potential trade setup. Important Disclaimer: The information presented here is for educational purposes only and should not be construed as financial advice. Trading carries inherent risk, and proper risk management is essential. Capital preservation remains paramount.
TVC:DXYLong
by fxtraderanthony
DXY (Dollar Index) Shorts from 101.800 down to 100.800The outlook for the Dollar this week is a continuation of its bearish trajectory. With a recent downside break in structure, I anticipate a correction, expecting the price to retrace into the 14-hour supply zone. Upon entering my Point of Interest (POI), I'll wait for price distribution and a change in character as a signal that the dollar is prepared for a decline. Additionally, I acknowledge the presence of imbalances above the supply, suggesting the potential for a break beyond this supply into a more premium area. Confluences for Dollar Sells are as follows: - This bias aligns with the current bearish trend that has been perpetuated. - Lots of major trend lines, equal lows and asian lows below on the higher time frame. - There's a14hr supply zone that has broken structure to the downside causing BOS. - For price to maintain its bearish trend it must react off a supply to trigger another sell off. P.S. While the dollar maintains an overall bullish stance on the higher time frame, it's only a matter of time before price sweeps liquidity and reacts strongly to a major supply. However, given the current bearish movement, It's advisable to follow the existing trend instead of opposing it for the time being. If you guys have any interesting perspectives on this market, feel free to share down below!
CAPITALCOM:DXYShort
by Hassan_fx
DXY SHORT TILL 98.824Certainly! Below is a more detailed and comprehensive template for publishing your idea on TradingView for the US Dollar Index (DXY): --- **Title:** Short on DXY - Target Price 98.824 📉 **Introduction:** Greetings, fellow traders! Today, I'm sharing my analysis on the US Dollar Index (DXY) and a potential short-term trading opportunity that I've identified. **Analysis:** *Technical Analysis:* The DXY is currently exhibiting signs of weakness based on my technical analysis. Key resistance levels at have held, and the price is showing a potential bearish trend reversal. *Fundamental Factors:* In addition to technical analysis, consider fundamental factors influencing the USD. Recent economic data or geopolitical events may contribute to the bearish sentiment. **Trade Setup:** *Entry Point:* I'm looking to enter the short trade if the price breaks below . This would confirm the bearish momentum. *Stop Loss:* To manage risk, my stop-loss order is set at . This is a crucial point to prevent significant losses in case the trade doesn't go as planned. *Take Profit:* My target for this short trade is set at . This level aligns with my smart money concept technical analysis. **Risk Management:** I am risking 20% of my trading capital on this trade. This ensures that even if the trade goes against me, the impact on my overall portfolio is limited. **Disclaimer:** Trading involves risk, and this idea is for educational purposes only. It's essential to conduct your own analysis and consider your risk tolerance before making any trading decisions. **Chart Setup:** I've attached my chart template for reference. **Tags:** #DXY #USD #Forex #ShortTrade #TechnicalAnalysis #RiskManagement Feel free to share your thoughts, ask questions, or provide feedback. Happy trading, and may the markets be in your favor! 🚀 --- Feel free to modify this template according to your specific analysis and trading style. Always ensure your content aligns with TradingView's guidelines and provides valuable information for other traders.
CAPITALCOM:DXYShort
by AidilBahaman
DXY → Extra losses look likely below 104.00TVC:DXY attempts a mild recovery to the 104.30/40 band after bottoming out just below the 104.00 support earlier in the session on Wednesday. The breakdown of the November low of 103.98 (November 14-15) should pave the way for a quick test of the critical 200-day SMA at 103.60 prior to the weekly low of 102.96 (August 30). In the meantime, while above the key 200-day SMA, today at 103.60, the outlook for the index is expected to remain constructive.
TVC:DXYShort
by tradingconmike
What do we expect from the DXY index this week❗️❓🚀The DXY index failed to break the 🟢 support zone($101.30-$100.82) 🟢 reliably, and with the Double Bottom pattern , it resumed its upward trend and formed a 🐻 Bear Trap 🐻. 💡Also, the DXY index issued a Buy signal through the 50-SMA and 50-EMA . 💡The Bullish Marabozu candle was also a sign and confirmation that DXY's fall below the support zone was just a Bear Trap. 🔔I expect the DXY to have a bullish trend this week and ⚔️attack⚔️ the resistance lines. 📚In general, I try to show you all the points of technical analysis on the chart, which also has an educational aspect(I apologize for the busy chart).📚 U.S.Dollar Currency Index ( DXYUSD ) Analyze, 4-hour time frame⏰. Do not forget to put Stop loss for your positions (For every position you want to open). Please follow your strategy, this is just my Idea, and I will be glad to see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
TVC:DXYLong
by pejman_zwin
27
DXY doesn't look too happy below 100Last week the US dollar index (DXY) closed at a 15-month low and beneath 100 for the first time since April 2022. Yet subsequent price action has seen a lack of conviction form bears, allowing prices to form a double bottom just above the March 2022 high and close with a Spinning Top doji yesterday. Given US yields are showing signs of stability (and hinting at a move higher themselves), it seems reasonable that the US dollar is due a corrective bounce over the near-term which brings 100.5 and the April low into focus for bulls. A break beneath the March 2022 high invalidates the bearish bias, but this could be raised to the recent swing lows if we see a decent break (or daily close above) 100.
TVC:US02YLong
by CityIndex
Potential DXY Crash: Anticipating a Substantial Drop to $25I'm eyeing a significant decline in the U.S. Dollar Index (DXY) from its current level around 103, down to 25, driven by escalating inflation, competition from Bitcoin and gold, and the influence of BRICS nations. Should this substantial DXY drop materialize, it would likely benefit commodities, emerging markets, export-oriented economies, cryptocurrencies, and gold due to the inverse relationship they share with the dollar's value. The recurrent raising of the debt ceiling exacerbates the country's debt load, potentially weakening trust in the U.S. government's ability to service its debt, which in turn could significantly devalue the dollar. Inflation: If the dollar drops that much, it could lead to inflation or even hyperinflation. The cost of goods and services could rise, which would decrease the purchasing power of the average American. Interest Rates: To combat inflation, the Federal Reserve may increase interest rates. Higher interest rates can make it more expensive to borrow money for things like mortgages or student loans, which could affect the average American's ability to finance major purchases or manage their debts.
TVC:DXYShort
by MichaelBsul
7