Dollar index " BUY "The trend is your friend until it ends. As you can see Dollar Index is still on a Up trend.
Key level break out and retest.
Support line of Bullish pattern touch 3 times.
Fibonacci level 0.786.
USDX trade ideas
DXY on high time frameDescription:
"Regarding DXY, as I mentioned on recent analysis , the price has reached the (FVG) on the monthly chart and is displaying signs of rejection. On the daily timeframe, candle formations indicate bearish momentum."
If you have any specific questions or if there are particular aspects you would like me to focus on, feel free to let me know!
Weekly FOREX Forecast Feb 10-14thThis is an outlook for the week of Feb 10-14th
In this video, we will analyze the following FX markets:
USD Index
EURUSD
GBPUSD
AUDUSD
NZDUSD
CAD, USDCAD
CHF, USDCHF
*JPY, USDJPY
The USD Index has reacted to Weekly Supply, and we saw an attempt on Monday to make a new high fail. This was after Trump announced tariffs and all. The swing failure resulted in the market slowly turning bearish. This would mean that the other currencies can potentially find higher pricing.
As we wait for a definitive break of market structure in the currencies to the upside, selling the USD vs its currency counterparts may be the way to go this week.
The JPY may be the exception, as it continues to underperform.
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May profits be upon you.
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DXYThe DXY (U.S. Dollar Index) measures the value of the U.S. dollar against a basket of six major foreign currencies: the euro (EUR), Japanese yen (JPY), British pound (GBP), Canadian dollar (CAD), Swedish krona (SEK), and Swiss franc (CHF). It reflects the overall strength or weakness of the dollar in the global market. The euro has the largest weight, making eurozone developments highly influential on the index. The DXY is impacted by U.S. economic data, Federal Reserve monetary policy, interest rates, and geopolitical events. A rising DXY indicates a stronger dollar, while a falling DXY suggests dollar weakness. Traders use it as a key indicator of USD trends.
SELL DXYDXY Bearish Setup – Weekly High on Monday
This week, we anticipate DXY to set its high on Monday, followed by a sell-off. Short from 108.137, targeting 106.912 and 105.697, with a stop above 108.836. With CPI & PPI releases ahead, volatility is expected, but the bias remains bearish. A break below key support could accelerate downside momentum.
Use proper risk management.
Best of luck to you all.
$DXY MMSMGiven the current scenario, we maintain a bias toward the continuation of the DXY's decline, as it exhibits MMSM characteristics. Additionally, bonds have invalidated a bearish FVG on the daily timeframe after holding at a bullish PDA in discount. However, caution is essential, as we cannot ignore President Trump's statements, which are shaking the market and completely disrupting our bias
DXY AnalysisLooking at DXY, we have retraced back to discount and we are currently respecting the CE of the discount FVG, looking for a move back to 110 over the coming weeks. With NFP figures coming out strong, FEDs can still hold rates at neutral given strong employment figures, but from the previous FOMC, J Powell was leaning more towards inflation and next week's CPI will give us a clue on what to expect for June's cut, will be expecting DXY strength tho
Redistribution Phase DXYFollowing what I believe is going to be the Great Melt Up/Inflation during the Presidency of Trump, The value of the DXY and the 10 year yield will come down while assets, inflation, commodities, metals will rise. Good luck to y'all traders. Everyone seems to be running from bonds too. All in due time. DXY has one more pump inside it, which in correlation should dump BTC to the 89-91k during it's Reaccumulating Phase
US DOLLAR at Key Support: Will Price Rebound to 108.200?TVC:DXY is currently testing a key support zone, an area where the price has previously shown strong bullish reactions. The recent price action suggests that buyers may step in and drive the price higher. A bullish confirmation, such as a strong rejection pattern, bullish engulfing candles, or long lower wicks, would increase the probability of a bounce from this level. If buyers regain control, the price could move toward the 108.200 level.
However, a breakout below this support would invalidate the bullish outlook, potentially opening the door for further downside.
This is not financial advice but rather how I approach support/resistance zones. Remember, always wait for confirmation, like a rejection candle or volume spike before jumping in.
Please boost this post, every like and comment drives me to bring you more ideas! I’d love to hear your perspective in the comments.
Best of luck , TrendDiva
USD: The Fed will hold rates until 3QA respectable outcome for January job creation with fewer than feared downward revisions to historical data have cemented expectations that the Fed will not be cutting rates imminently. There are still lingering concerns about the quality of jobs being added, but an improving trend in jobs creation since late summer means the Fed will hold rates until 3Q.
A quick glance at what's happening after the NFP releaseLet's see how markets are performing right now after we received the US NFP number for January, which showed a significant decline from the previous reading. However, average hourly earnings improved and unemployment fell to 4%. Last time we saw a reading as low as 4% was back in June of 2024.
MARKETSCOM:DOLLARINDEX
MARKETSCOM:GOLD
FX_IDC:USDJPY
FX_IDC:USDCAD
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DXY Will Go Lower! Sell!
Here is our detailed technical review for DXY.
Time Frame: 12h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is approaching a key horizontal level 107.703.
Considering the today's price action, probabilities will be high to see a movement to 106.459.
P.S
Please, note that an oversold/overbought condition can last for a long time, and therefore being oversold/overbought doesn't mean a price rally will come soon, or at all.
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USD: Annual revisions may be bigThe dollar’s bearish momentum has eased into today’s US jobs release. Most of the tariff shock from last weekend has been absorbed, and markets are also probably reconsidering the optimism on a US-China deal. Beijing’s retaliatory tariffs are due to come into effect on Monday, and the chances of a de-escalation before then have decreased. Also helping the dollar were some comments by Treasury Secretary Scott Bessent, who said the strong dollar policy remains in place.
The biggest driver for FX should be US payroll figures for January. The consensus is for a slowdown from 256k to 175k, but our estimate is closer to 160k. A lot of focus will be on annual benchmark revisions. Last year's provisional revisions indicated that, upon cross-referencing with tax data, the Bureau of Labor Statistics had overestimated job creation by approximately one-third. This points to significant issues with their model, and we anticipate substantial adjustments to the monthly payroll numbers.
DXY - Can NFP be a Catalyst in 1st Quarter of '25?Dear Friends,
Keynote:
NFP - Labour data today, be safe!
How I see it:
NFP has the potential to offer a clearer short-term direction.
**If the weekly body closes above 108 = Potentially continue "NORTH"
**If the weekly body closes below 107 = Potentially due "SOUTH"
Thank you for taking the time to study my analysis.
