DXY Bullish Reversal & Cup Formation The DXY (US Dollar Index) is exhibiting a strong bullish reversal pattern, with multiple technical signals suggesting upward momentum:
🔍 Technical Analysis Summary:
✅ Support Holding Strong:
Price has respected the horizontal support zone around 98.00–98.50 on multiple occasions (highlighted by orange circles and green arrows), forming a solid base.
✅ Breakout from Downtrend:
A clear breakout above two descending trendlines (black and blue) indicates a shift from bearish to bullish sentiment.
✅ Cup Pattern Formation ☕:
A textbook Cup pattern is visible, where price formed a rounded bottom — a bullish continuation formation. The handle is minor and price has broken above the neckline (around 99.00), signaling a potential continuation toward the target.
✅ Bullish Target 🎯:
Based on the cup pattern and prior resistance, the projected target is around 101.846, aligning with previous major resistance.
📌 Key Levels to Watch:
Support Zone: 98.00 – 98.50
Immediate Resistance: 99.50 – 100.00
Major Resistance/Target: 101.846
🧭 Outlook:
As long as the price remains above the 98.50 zone, the bullish scenario remains intact. The cup breakout indicates strong buying pressure, and momentum could push DXY toward the 101.846 target in the coming sessions.
USDX trade ideas
Fx Outlook for the Week June 23-27 Fx Outlook for the Week June 23-27
#DXY
#USDJPY
#EURUSD
#GBPUSD
#GOLD
**Disclaimer:**
The technical analyses provided herein are based solely on my personal analysis and are intended for my own study and reference. They do not constitute a recommendation or solicitation to buy or sell any financial instruments. Any decision made by individuals based on this analysis is their own responsibility, and I assume no liability for any losses or damages incurred as a result of using this information. It is advisable to conduct thorough research and consult with a qualified financial advisor before making any investment decisions.
The DXY eince 1979 and Rate Rises / Cuts & the Crucial point NOW
What i want to draw your attention now, more than anything is simplay that DXY PA is on the line of Support created in the 2008 Crash
Thisis Crucial as if it drops belwo, that is the $ on the international stage loosing the strongest line of support it has ever had
If we look at the stage now, you will also see that the DXY was loosing traction BEFORE the FED began cutting Rates.
This is due to many things on the internationa stage, Like BRICS gaining momentum.
If we look closer, at the weekly chart since around 2017
We can see how the DXY has been Ranging, with a Few Peaks and Drops, the deepest being in 2021, just before the Bitcoin ATH that year.
It bounced well and hit a Peak in late 2022, when Bitcoin was in its Deep Bear.
DXY has ranged ever since j a tight range...
Untill this year
And now, we find DXY on that line of support once moew, Bitcoin maybe heading to a New ATH
But this time we have the serious threat of Global Mayhem
So, the thing to watch here, Like a HAWK, is if DXY can hold this line of support.
Can the $ regain international support and bounce OR will it Fall through this line of support ?
Or Range on it as in 2021
I am not going to pretend to know the answer but I certainly recommend we all pay attention to this- This could take a while................
Skeptic | Weekly Watchlist Top Triggers for Forex, Gold & More!DXY: The Market’s Compass
Let’s kick it off with DXY—the Dollar Index every trader needs to watch to get the market’s big picture.
Daily Timeframe: After a failed break below the critical support at 98.801 , DXY dumped to 97.596 , then pulled back to test 98.801 . With rate cuts looking likely soon , I’m betting on more downside for DXY. The only wildcard? Rising Middle East tensions could spike inflation, push rates higher, and strengthen DXY, hammering crypto and CFD indices.
4-Hour Triggers:
Short: Break below 98.530 —a clean setup to ride down to 97.596 . I’m leaning heavier on this, pairing it with USD-based forex trades for max R/R. 😤
Long: Break above 99.114 —riskier against the trend, so keep stops tight and profits quick.
Pro Tip: Shorts are the safer play here, but watch geopolitical news for sudden reversals.
EURX: Uptrend Power
EURX is flexing some muscle.
Weekly Timeframe: The resistance at 1072.6 looks broken. If we avoid a fakeout and hold above this zone, I’m expecting the major uptrend to keep rolling.
Game Plan: No trigger needed—just confirm a few 4-hour candles above 1072.6, and I’m opening longs on EUR-based pairs. Patience for confirmation is key! 🙌
Pro Tip: Watch for fake breakouts—let the market prove itself before jumping in.
Commodities: Gold & Silver
XAU/USD (Gold)
My gold analysis from last week still holds ( check it if you missed it—it’s got Middle East war scenarios and Bitcoin insights too ). No need to repeat—go read it for the full scoop! 📚
XAG/USD (Silver)
Silver’s been on a wild ride after a massive pump.
4-Hour Timeframe : We’re now in a 4-hour range, which makes sense, and I expect it to linger into next week.
Triggers:
Long: Break above resistance at 37.31559 .
Short: Break below support at 35.56800 .
Pro Tip: If you’re holding my 33.68317 long from last week, don’t close yet—let it ride for more gains. If you’re not in, avoid FOMO and wait for the range break. 😎
Forex Pairs
EUR/USD: Ready to Pop
With EURX in an uptrend and DXY likely breaking support, I’m super bullish on EUR/USD next week.
4-Hour Triggers:
Long: Break above resistance at 1.15429 . No need for RSI or SMA confirmation—just a clean breakout, and we’re in. 🚀
Short: Break below 1.13566—only if EURX’s 1072.6 break turns out to be a fakeout.
Pro Tip: Longs are the play here—keep it simple and ride the breakout wave.
GBP/USD: Bearish Break
GBP/USD is looking spicy after a downward move.
Daily Timeframe: The upward channel broke to the downside. I cloned the channel and placed it below—support at 1.34090 is massive, with multiple reactions in the past.
4-Hour Trigger: Break below 1.34090 opens a bearish move with high R/R. I’m personally shorting this break. 😤
Pro Tip: This is a key level—set alerts and don’t miss it!
USD/JPY: Range Game
USD/JPY is stuck in a long 4-hour box range.
4-Hour Timeframe: Price keeps testing the ceiling but travels less toward the floor, showing traders want to break up, not down.
Triggers:
Long: Break above ceiling at 146.204.
Short: Break below the upward trendline, then support at 145.194 .
Pro Tip: Longs have more juice—watch for volume on the break.
EUR/CHF: Mirror of USD/JPY
EUR/CHF is vibing like USD/JPY—a 4-hour box range.
4-Hour Triggers:
Long: Break above resistance at 0.94293 .
Short: Break below channel floor at 0.92963 .
Pro Tip: Wait for a clean break—ranges can be choppy!
Final Vibe Check
That’s your Weekly Watchlist , fam! I’ll keep you updated daily as markets shift. Stay safe with capital management—max 1% risk per trade, no excuses. This week’s loaded with banger triggers, so sit down now, analyze, and set your alerts so you don’t miss a single move. Let’s make it a profitable week! 🚨
💬 Let’s Talk!
If this watchlist got you hyped, smash that boost—it means the world! 😊 Got a pair or setup you want me to hit next? Drop it in the comments. Thanks for rolling with me—keep trading sharp! ✌️
Short Term USD Strength This Week! Sell The Majors?This is the FOREX futures outlook for the week of Jun 8 - 12th.
In this video, we will analyze the following FX markets:
USD Index, EUR, GBP, AUD, NZD, CAD, CHF, and JPY.
USD gained some strength on Friday's job data. Talks with China this week may add to it. But I believe the bullishness will be short term.
Look for valid sells in EUR and GBP. Be cautious with AUD and NZD. CAD and CHF will also offer opportunities to sells.
CPI Data due Wed, making that day and the days that follow potentially the best trading days this week.
Enjoy!
May profits be upon you.
Leave any questions or comments in the comment section.
I appreciate any feedback from my viewers!
Like and/or subscribe if you want more accurate analysis.
Thank you so much!
Disclaimer:
I do not provide personal investment advice and I am not a qualified licensed investment advisor.
All information found here, including any ideas, opinions, views, predictions, forecasts, commentaries, suggestions, expressed or implied herein, are for informational, entertainment or educational purposes only and should not be construed as personal investment advice. While the information provided is believed to be accurate, it may include errors or inaccuracies.
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DXY (bearish?)The herd is completely bearish on the dxy, but the chart is showing something else.
The herd is an amazing indicator
What do we see:
-Still in an uptrend
-the 200 ema (blue line)
-A resistance trendline becoming a support trendline?
-A bull flag, so the under part of the flag
So crossing of those 3 trendlines and the 200 ema is telling me that probably this chart is bullish.
DXY Eyes Key Long-Term Support from 2008The U.S. Dollar Index (DXY) is currently trading near three-year lows, reflecting concerns over economic fragility and heightened geopolitical tensions.
If price action holds below 97, the DXY could face additional pressure, potentially descending toward the lower boundary of a long-term channel that has held since the 2008 lows. Key support levels at 96 and 94 may offer potential rebound zones.
Monthly RSI reflects more downside potential towards oversold conditions last seen in 2021. To reverse the current bearish momentum, the index would need to regain and hold above the 100-mark, which could shift sentiment back toward a bullish rebound outlook against the markets.
- Razan Hilal, CMT
DXY; MARKETS JITTERS AND UNCERTAINTIES.The DXY did not hold a successful break above 99.000 which was our bullish signal. Furthermore, we had US banks closed for yesterday's NY session which did not do us any good as there was minimal movements in our charts. Without volatility there is little room for profit chasing as much as our USDJPY signal was on point.
Today's session started with a gap lower towards 98.50. I don't expect a mover lower before filling the gap so that will be our first objective before any further movement. My bias still remains the same ,a clean break and hold above 99.00 will signal a healthier dollar for the short term despite the war tensions.
DXY US DOLLAR INDEXAs we can see on the chart, there’s a clear pattern emerging. The current movement of the index closely resembles the price action we saw between April 2015 and August 2018.
Assuming this fractal continues to play out, we could see more sideways movement until the end of the year — before a potential trend reversal kicks in.
Bullish bounce?US Dollar Index (DXY) is falling towards the pivot and could bounce to the 1st resistance.
Pivot: 98.48
1st Support: 97.62
1st Resistance: 99.47
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Dollar Index Analysis: Compression, Divergence, Breakout?Greetings to the TradingView community, here's a detailed look at DXY where technical structure and macro context may be hinting at a shift.
Dollar Index (DXY) Approaching Key Breakout | Bullish Divergence and Macro Shifts in Focus
The U.S. Dollar Index (DXY) is currently approaching a structurally important juncture where technical compression is intersecting with potential macroeconomic shifts. Over the past several months, DXY has remained in a well defined downtrend, consistently printing lower highs and lower lows. However, the recent price action reveals signs of exhaustion in bearish momentum, opening the door for a potential trend reversal or a meaningful corrective rally.
Technically the index has been trading within a broad descending wedge pattern since late 2024. This structure, often interpreted as a bullish reversal formation, is now nearing its apex. Price has been hugging the upper boundary of the pattern a descending trendline that has acted as dynamic resistance and appears to be preparing for a possible breakout. Each subsequent test of this trendline has occurred with less momentum on the downside, a common precursor to a breakout when price compresses tightly within narrowing ranges.
More importantly, momentum indicators are beginning to diverge from price. The Relative Strength Index (RSI 14), for instance, is forming a series of higher lows while price continues to record lower lows. This bullish divergence is a classic signal that downside pressure is weakening and that buyers may be gradually absorbing supply. Divergence of this nature, especially in confluence with trendline resistance, often leads to a shift in price behavior.
A key horizontal level to monitor remains 101.75, which has historically acted as a strong resistance zone. This level marked the previous breakout rejection and coincides with the mid-range structure of the wedge. A sustained close above this zone would effectively break the prevailing lower-high formation and could signal a shift in market structure toward a more neutral or even bullish bias.
In terms of projected targets, if a breakout confirms, the logical areas to watch would be the previous swing highs from the downtrend. These include levels in the 102.50 to 104.00 range, where the market has previously paused or reversed. These prior lower highs may now act as resistance on the way up and can be used as checkpoints to gauge the strength of any bullish follow-through.
From a macroeconomic perspective, several factors could support or accelerate such a breakout. Recent U.S. inflation data has shown signs of softening, with both Consumer Price Index (CPI) and Producer Price Index (PPI) prints coming in below expectations. This has increased market speculation that the Federal Reserve may pivot toward a more accommodative stance later in the year. Although the Fed has not confirmed any immediate easing, market expectations around rate cuts are beginning to influence bond yields and, by extension, the dollar.
However, it’s also worth noting that monetary policy divergence among global central banks remains an important theme. While the Fed may lean toward caution, the European Central Bank and the Bank of England are facing their own unique inflationary challenges, which could either reinforce or limit relative dollar weakness. In such an environment, if other central banks appear more dovish than the Fed, it could provide relative strength to the dollar index.
Geopolitical uncertainty and equity market volatility are also important to consider. The dollar has historically acted as a safe-haven asset in times of global distress. If geopolitical tensions escalate or global risk sentiment weakens, capital flows into the dollar may accelerate regardless of interest rate trajectories.
In conclusion, the current DXY setup is a technically rich and macro-sensitive zone where price compression, bullish RSI divergence, and policy shifts are aligning. While confirmation is still needed, particularly via a breakout above the descending trendline and the 101.75 level, the probability of a structural shift is increasing. This setup is not a trading recommendation but rather an important chart to watch for clues about future dollar direction and its cascading impact on global FX pairs, commodities, and broader market sentiment.
Thanks for reading hope you like this publication.
Regards- Amit.
US dollar, a potential bullish divergence to watchThe US Federal Reserve (FED) recently updated its economic projections against a backdrop of growing uncertainty. It is now openly concerned about a scenario of stagflation, a combination of weak growth, persistent inflation and rising unemployment. This concern stems in particular from the as yet unquantified impact of the new tariffs imposed by the Trump administration, as well as rising geopolitical tensions, particularly in the Middle East.
Gloomy forecasts, but monetary policy still flexible
At its last meeting, the FED kept its key rate in the 4.25% - 4.5% range, while publishing gloomy forecasts for the US economy. By the end of 2025, it anticipates PCE inflation at around 3%, unemployment at 4.5% and moderate growth. Despite this worrying picture, the central bank is still planning two rate cuts this year, demonstrating its determination to support economic activity.
Nevertheless, this monetary stance is the subject of debate within the committee: ten members support the cuts, while seven believe that rates should remain unchanged. Jerome Powell, Chairman of the FED, advocates caution, insisting on the need to observe the evolution of economic data before acting, particularly in view of the delayed effects of tariffs.
The FED is faced with a dilemma: it must curb inflation without destroying growth. Its diagnosis of stagflation is harsh, but perhaps too pessimistic if inflation figures remain under control. A rate cut in September is still conceivable, but will largely depend on the evolution of geopolitical tensions and international trade in the weeks ahead.
Below, you can see the table with the latest update of the FED's macroeconomic projections
US dollar (DXY), a potential bullish technical divergence to be monitored
The FED's confirmed intransigence is having an impact on the foreign exchange market. While the US dollar has been the weakest Forex currency since the beginning of the year, it has been stabilizing for several weeks now. If the FED maintains its current wait-and-see stance on a resumption of Fed funds rate cuts, the US dollar could be close to a low point on the Forex market.
At present, there are no resistance breaches to suggest this, but a potential bullish technical divergence has appeared on the weekly timeframe. In the past, this signal was a precursor to a future rebound in the US dollar against a basket of major Forex currencies.
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