US DOLLAR INDEX BOTTOMING?DXY looking for bottom and reversal around 97.
possible target : 108+
stop trade below 96.
good luck.
USXUSD trade ideas
Make Dollar Great AgainDXY Big Picture
While looking at other DXY charts to use a clean chart for HTF, I saw that it touched historical trend support. It didn't touch only on the TVC chart, so I am adding it with the other charts and accepting that it touched the trend.
According to the fractal I added in August last year, the price is moving very well.
I expect a correction from these areas. I think we have reached the reversal areas due to both the momentum in the declines and the oversold.
The decline fatigue I mentioned is more evident in LTF charts. The price cannot reach the EQ zone of the decline channel that has been going on since February on the daily chart. Although it is a very inclined channel on the 4h chart, it can no longer reach the channel bottom. For this reason, I think this region is where reversal should be sought. After the first 0.38 of this decline, I think a pullback to 0.5 is possible.
DXY IS BULLISHA possible upward move might take place . Looking forward to go long until resistance area . I will wait and see how it goes .
Happy Trading
DXY - 4H BASEUSD is creating a base just below H4 EMA9.
This is very important combination of candles. It's a setup that gives bulls hope for a bounce at least. A condition - bulls must step in NOW. Confirmation will come only when price closes above EMA 9.
US Dollar Index (DXY) – Testing Long-Term Channel SupportBy MJTrading:
Chart Overview:
The US Dollar Index has now approached a major technical confluence zone that could define the next directional move. Price is pressing into the Danger Zone near the lower boundary of a multi-year descending channel, with an Ultimate Oversell Target sitting just below.
🔹 Key Technical Highlights:
Long-Term Down Channel (Daily & Weekly):
The DXY has respected this structure for several years.
Price is currently challenging the lower boundary, a zone where reactions often occur.
Danger Zone (~95–96):
A historically reactive area.
Prior demand and channel floor converge here.
Ultimate Oversell Target (~89–90):
Marked as a deeper potential exhaustion area if the channel fails.
Moving Averages:
15 EMA ~97.8
60 EMA ~99.3
Price remains below both EMAs, confirming persistent bearish momentum.
🔹 Potential Scenarios:
Scenario A (Green Path):
A bounce off current support could trigger a relief rally back toward 98–100, targeting the mid-channel and EMAs.
Scenario B (Red Path):
A breakdown below ~95 could accelerate selling pressure, aiming for the Ultimate Oversell Target (~89).
🔹 How I See It:
This is a high-risk inflection zone. Any bullish setups here remain counter-trend and require confirmation via strong reversal signals. Conversely, a decisive breakdown could have significant implications for USD pairs and commodities.
💡 Notes:
This chart includes the weekly inset view for broader context.
Keep risk management tight in this volatile area.
🔹 Reminder:
This idea is for educational purposes only—not financial advice.
💬 How are you positioning around the USD? Share your thoughts and charts below!
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#MJTrading #DXY #USDollarIndex #Dollar #Forex #TechnicalAnalysis #TradingView #ChartAnalysis #PriceAction #FX #USD #Majors #DollarWeakness #DollarStrength #SupportAndResistance #TrendAnalysis #MarketOutlook
DOLLAR INDEX (DXY): Critical Moment
With an unprecedented pace of weakness of US Dollar,
DXY Index is now testing a historic weekly support cluster.
If the market breaks it today and closes below that, it will
open a potential for much more depreciation.
Next historic support will be 95.5 and a downtrend will continue.
Today's US fundamentals can be a trigger.
Please, support my work with like, thank you!
DXY Technicals Add Pressure on FED Data〽️Weekly RSI Divergence Spotted in the US Dollar Index (DXY)
A bearish divergence has emerged on the weekly RSI chart of the US Dollar Index (DXY), signaling a potential loss of upward momentum. Historically, such divergences often precede price corrections or reversals.
✅Market Implications:
USD pairs, gold, and crypto assets may see retracement as dollar strength wanes in response to technical exhaustion.
Traders should watch for signs of consolidation or reversal in assets inversely correlated with the dollar, such as gold (XAU/USD) and Bitcoin (BTC/USD).
📈Macro Outlook:
All eyes on the Federal Reserve: The divergence adds weight to market speculation that the Fed might pivot toward a rate cut at its July 15 meeting.
If confirmed, rate cuts could further pressure the dollar, accelerating moves in risk-on assets and emerging market currencies.
#XAUUSD
#DXY
#BTCUSD
#tgifx
Long term Long!Hello all. as you see my last Long term forecast was exact and I think it is time to go up. it is risky.(wink)
Outlook for Trump's Second TermExpecting price to retest the bottom descending channel and return to the moving averages next year. From there, price will likely rebound hard and surge back upwards to continue the muti-decade ascent.
Dollar Index Bearish to $96 (UPDATE)I posted this DXY sell thesis yesterday for you all while price was still at $97.70. Since then sellers have taken out the previous Wave 3 low, creating a new daily low today at $96.90📉
We still have more downside yet to come towards our $96.60 target. So, use this 'DXY Sell Thesis' to help you with your trading, so once you can use this as a confluence to buy inverse correlated markets
US Dollar is breaking out to the upsideIt looks like the US dollar is breaking out to the upside from a trendline resistance that started back on Feb 2025.
The breakout coincides with the passing of the Genius Act.
DXY I AM MOVING TO 100 % LONG DXY WAVE 4 lowThe chart posted is my view of the DXY I am as bullish now as I was at 71 .Best of TRADES WAVETIMER 96.70 to 97.6
DXY CRACK! BAD JUJU!After Trump unilaterally imposed Tariffs (Taxes) on its citizens to buy imported goods from the rest of the world, promising 90 deals in 90 days, "in two weeks", the demand for the dollar payment system has collapsed by -12% reducing purchasing power for all $ holders'.
Imports of goods mean exporting $s to the rest of the world. As a world reserve currency (WRC), the US gets the benefit of seeing those $s invested back into the US. That creates demand for the $ payment system, and raises $ holders' purchasing power, reducing inflation.
What else happens? A bit complicated but I will try to explain. High demand for $ means the US indirectly exports inflation. Meaning, more $ for the same amount of goods and services. However, as a WRC, the US is not really exporting inflation. That is a bit inaccurate bc the US payment system as a WRC is actually includes a lot more goods and services from the entire planet. This makes sense if you think about it. However only going one way, meaning as long as the demand from the world for our payment system, more $ required by the world reflect more goods and services. As such not inflationary.
Now let's reverse it so you can see why it is not entirely accurate. Should the Global Economy (which is worth today about $100 trillion,) demand ever drop off. The $ value will collapse as people sell their $ holdings in exchange for other currencies. What you are seeing right now in this chart with a CRACK in it.
The US GDP is currently about $30 trillion. There is no way! A $ payment system designed for a $100T economy can suddenly absorb all those $ in a $30T economy. Inflation would skyrocket as more and more $ chase the same amount of goods and services ($30T). This is not rocket science. This is basic 3rd-grade arithmetic!
This CRACK! could be very bad JUJU!
CAUTION is in order. Don't let normality bias fool you. No matter how you feel about Trump. It is irrelevant to basic arithmetic.
DXY ready to push upThe first trade got stopped out. Entered too early.
There is nothing stopping us now.
This means that we sell EURUSD, GBPUSD etc
Enjoy
DXY Short-term rebound quite likely.The U.S. Dollar index (DXY) has been trading within almost a 3-year Channel Down, which has assisted us in choosing the right levels to sell high and buy low.
Despite being now on its 2nd major Bearish Leg, we see a short-term bounce possibly up to August quite likely based on the previous major Bearish Leg. As you see, the current setup resembles the April 13 023 Low after which the price rebounded short-term just above the 0.786 Fibonacci level, only to get rejected later and complete the bottom on the 1.1 Fib extension.
Even the 1W RSI sequences between the two fractals are identical. Therefore, before diving below 96.000, we believe a 100.000 test is quite likely.
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DXY This week on DXY we can see shift from last week longs to short this week based on big institutions smart money. So more bearish expected throughout the week.
DXY: Strong Bullish Sentiment! Long!
My dear friends,
Today we will analyse DXY together☺️
The price is near a wide key level
and the pair is approaching a significant decision level of 96.899 Therefore, a strong bullish reaction here could determine the next move up.We will watch for a confirmation candle, and then target the next key level of 97.077.Recommend Stop-loss is beyond the current level.
❤️Sending you lots of Love and Hugs❤️
Free fall on DXY?With gap open at 97.66 level before the monthly close price has broken the monthly support and started to drop. We may see the price to drop to long term monthly support at 96.622 or further below to 95.66 as with the increased bearish pressure we may see the price to continue to drop to this longer term support level.
As with upcoming USD news we may see the price to move to this level with high probability bearish trend.
DXY 4Hr And Daily Bearish ( A minor & aslight bull trend)The DXY (US Dollar Index) could potentially rise to the 100.257 level to complete a bullish structure or flag pattern. However, it's also possible that it may face rejection around its current zone and resume its bearish trend, targeting support levels between 99.00 and 98.25.
As always, our entries should be guided by what the market and its structure are showing us. For now, the broader trend for the DXY remains bearish until it potentially reaches the lower support zone around 96.00 – 94.00, or even below that range.
This extended downside expectation is driven by several fundamental factors: anticipations of interest rate cuts in the coming months, potential tax policy changes under Trump, and persistent inflation concerns within the U.S. economy.
In light of these uncertainties, the market demands extra caution at this stage.
Good luck and trade safe!
I dare say, DXY has bottomed, only higher from now on!This is the low on DXY. It can range from here or glide up slowly.
DXY is predictable this year because Trump is unpredictable. Causing the market to just repeat history. Check DXY on 2017
Conservative traders can wait for 4hrs close before entering.
The SL and TP are outlined on the chart.
Enjoy
Make US(and USD) weak again, and short DXY 99,358Hey traders, this is a fundamentally and technically based idea. I´m expecting a weakening of USD due to actual US goverment policy. Important weekly lenel 100,600 was broken and holding. If you decide to trade this idea, you can enter now at current price 99,358 and hold till profit lines. TP your trade partially. You can consider averaging at 100,600 instead of cutloss after the reaction. Wish you good luck.
Potential bulllish reveresal?The US Dollar Index (DXY) is falling towards the pivot, which aligns with the Fibonacci confluence and could reverse to the 1st resistance.
Pivot: 97.08
1st Support: 96.44
1st Resistance: 98.10
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