I would like to tell friends that the dollar will fly in the skyI would like to tell friends that the dollar will fly in the sky in the penultimate wave.
USDX trade ideas
$MMBM DXY 1HTop-down analysis: when evaluating the DXY monthly chart, we identify a bullish movement forming, targeting external liquidity. Based on this, in the lower timeframes, we are aligning our bullish flow to set up the DOL and define the biases for the week and the upcoming days.
$MMBM DXY 4HTop-down analysis: when evaluating the DXY monthly chart, we identify a bullish movement forming, targeting external liquidity. Based on this, in the lower timeframes, we are aligning our bullish flow to set up the DOL and define the biases for the week and the upcoming days.
$DXY MMBM DAILYTop-down analysis: when evaluating the DXY monthly chart, we identify a bullish movement forming, targeting external liquidity. Based on this, in the lower timeframes, we are aligning our bullish flow to set up the DOL and define the biases for the week and the upcoming days.
$DXY MMBM MONTHLYTop-down analysis: when evaluating the DXY monthly chart, we identify a bullish movement forming, targeting external liquidity. Based on this, in the lower timeframes, we are aligning our bullish flow to set up the DOL and define the biases for the week and the upcoming days.
DXY on high timeframe
"Concerning DXY, the price is currently in a critical zone on the monthly timeframe. I foresee two scenarios:
1. If the price closes above the mentioned zone on the daily timeframe and forms a (FVG) on lower time frames, it could present a good opportunity to buy DXY after completing its pullback.
2. If the price fails to close above this zone and only sweeps liquidity, I will be observing candle formations and considering a sell-off towards the 107 zone."
I would like to tell friends that the dollar will fly in the skyI would like to tell friends that the dollar will fly in the sky in the penultimate wave.
DXY BullishI just to see a 15min market structure shift in that 4H.+OB. then looking to take it higher using a London session or NY Am session.
Risk Management is the key all the way...
DXY Bias - Bullish Dollar index to rally this week Jan 19, 2025.
Use of Smart Money Concepts in Analysis
DXY MAY STAY STRONG FOR A MOMENTThe chart indicates a bullish bias in the short to medium term, with Wave C targeting higher Fibonacci extensions.
However, key levels to watch are:
110.00 (resistance).
108.70 (support).
A break in either direction will provide confirmation for the next significant move.
DXY Trading Journal DXY Trading Journal
Jan 19
Price is delivering to a discount on the Previous weeks range in a consolidation pattern since Wednesday. Cool to see Price react at the event horizon level-marked in RED DOTTED LINE, as well as the NWOG reactions.
By Friday Price broke the equal highs and poked above the 50%. For the week I suspect Price will seek higher prices. Target is the clean equal highs and the 15M FVG to rebalance for the week ahead delivery.
Jan 20 ideas
My analysis leads me to expect that Price is delivering to Premium from Fridays range and Price should seek lower prices in Asia and in London to take the equal lows/15M FVG before seeking higher Prices.
Trump is going into office tomorrow be nimble because Price is on the 50% and Price could bull rally tomorrow to.
DXY Trading JournalDXY Trading Journal
Jan19 Weekly Analysis
Price is delivering to a premium on the M, W and daily.
Price is rebalancing a Monthly SIBI and wicked up to the .70 HTF level.
Price did seek lower prices last week rebalancing a daily FVG from Jan 8. and inefficient delivered price-volume imbalance from Jan 9.
Friday Price bounced off the .618 and taking buy side liquidity, while creating clean equal lows.
Trump takes to office Monday. WEF orange folder all week. Friday heavy news day.
DXY Trading Journal DXY Trading Journal
Jan 17 Analysis
I expected for Price come down to the equal lows before rallying to rebalance the hour FVG at the 50%, to which Price rallied to rebalance both FVG and close above the noted clean equal highs.
Amazing delivery. Very Happy with my analysis.
DXY - ANALYSIS👀 Observation:
Hello, everyone! I hope you're all doing well. Today, I want to share my personal view on the Dollar Index (DXY) with you.
Based on what I see on the chart, I expect the Dollar Index (DXY) to reach the resistance zone of 110.668 to 110.877 . After a small pullback, I anticipate it will start its bullish movement upwards.
If the 107.750 level breaks downward and consolidates on the 1H timeframe, a further decline could follow.
📈 Expectation:
After a minor pullback, the DXY is likely to initiate a bullish movement and continue its upward trend.
💡 Key Levels to Watch:
Resistance Zone: 110.668 - 110.877
💬 What’s your view on the Dollar Index this week? Share your thoughts in the comments below!
Trade safe
DXYThe U.S. Dollar Index (DXY) measures the value of the U.S. dollar against a basket of six major currencies, including the euro, yen, and pound. It serves as a key indicator of the dollar’s strength in global markets.
Short-term movements in the DXY are influenced by factors such as Federal Reserve policy, interest rates, inflation data, and global economic conditions. Higher interest rates in the U.S. generally strengthen the dollar, while lower rates can weaken it.
Traders use the DXY to gauge market trends, hedge currency risks, and make investment decisions. Shorting the DXY means betting on a weaker U.S. dollar, often through forex trading or inverse ETFs.
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.
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. ))
DXY Analysis For the DXY the forecast is bullish, we have this seasonality is bullish, the cot non-commercial positions adding longs and removing shorts , the price action it took internal range liquidity and we have a nice rejection from it and it's going to the external range liquidity to the Weak swing with daily displacement
DXY Tests Resistance at $109.53: Signs of Downward PressureTVC:DXY
DXY Tests Fractal Resistance at $109.53
Signs of Downward Pressure and Potential Pullback
The DXY has recently tested a crucial resistance at $109.53 but is now showing signs of downward pressure. In this post, we’ll break down the key technical factors indicating the possibility of a corrective move and what traders should watch for in the coming days.
Several technical factors now point toward the possibility of a pullback or bearish movement in the DXY:
1. Bearish Divergence Signals
Bearish divergence occurs when the price hits new highs while momentum indicators start to weaken. In the case of the DXY, we are seeing this type of divergence, suggesting that buying pressure is diminishing. This could be a signal that the uptrend is losing momentum.
2. 61.8% Fibonacci Retracement Level at $108.98
The 61.8% Fibonacci retracement level is widely considered one of the most important levels in technical analysis, and currently, it is acting as a key resistance zone at $108.98. This level plays a critical role in determining whether the DXY will maintain its upward momentum or begin a correction. As it stands, a failure to break above this level could signal the start of a deeper pullback.
3. Completion of the Bearish Crab Pattern at $109.85
The DXY has recently completed a bearish crab pattern at $109.85, corresponding to the 161.8% Fibonacci extension. This pattern typically signals that the market has exhausted its upward movement, and a pullback/reversal could be imminent.
4. Completion of the Elliott Wave Structure: Wave 5 Equals Wave 1
Elliott Wave analysis also suggests a potential end to the uptrend. The DXY has recently completed a five-wave structure to the upside, where Wave 5 equals Wave 1, indicating that the rally may have run its course. This increases the likelihood of a corrective phase.
What to Watch For: Potential Pullbacks
Given the current technical setup, traders should closely monitor the following key levels for signs of a pullback:
$109.53: The fractal resistance level recently tested.
$108.98: The major 61.8% Fibonacci retracement level, as a potential element of resistance.
$109.85: The completion point of the bearish crab pattern, a crucial level for confirming a reversal.
If the DXY begins to break below these levels, we could see further downside movement, with the potential for a deeper correction.
Happy Trading,
André Cardoso
Dollar index is in upchannelDollar index is in upchannel. It may continue its upward momentum since upcoming Trump's policies are making US dollar bullish.
Psychology tips shouldn't be depressing. Psychology. Developing it changes how you see markets and this changes how you trade it.
- 3 Market Types (Who are you dealing with?)
- Industry Structure
- Price Structure & Trend
This is a SUPER quick overview of these three points, but start here, and be sure to look out for more advance in-depth conversations.
DXY SETUP LONG TERM BULLISH AND SHORT TERM BEARISHUSD pairs has been consolidating alot this week, next week is going to be interesting with DXY preparing to push for short term weekly retest then, pushing long term further to the upside to reach previous all time high.
