Get started
US Dollar IndexUS Dollar IndexUS Dollar Index

US Dollar Index

No trades
See on Supercharts
Overview News
Ideas
Discussions Seasonals

USDX trade ideas

Pre NFP Trade Analysis1st November DXY: Stronger NFP, DXY bounce off 103.80 to trade up to 104.60. If 103.80 broken, could trade down to 103.45 NZDUSD: Sell 0.5925 SL 20 TP 60 (DXY Strength) AUDUSD: Sell 0.6545 SL 25 TP 60 (DXY Strength) GBPUSD: Sell 1.28 SL 40 TP 120 (DXY Strength) EURUSD: Buy 1.0905 SL 25 TP 100 Hesitation at 1.0950 (DXY Weakness) USDJPY: Sell 151.40 SL 40 TP 200 Hesitation at 150.55 (DXY Weakness) USDCHF: Buy 0.8710 SL 20 TP 40 (DXY Strength) USDCAD: Sell 1.3915 SL 15 TP 30 (DXY Weakness) Gold: Needs to stay below 2760, break 2740 could trade down to 2708
TVC:DXY
by JinDao_Tai
2
DOLLAR INDEX (DXY): Bearish Decline from Key Resistance LevelI'm impressed with how the 📉 Dollar Index reacted to a key horizontal resistance level on the 4-hour chart. Following this test, the index moved into a consolidation phase, forming a horizontal range. The breakdown below this range's support level has provided a clear bearish signal. Now, we're observing a favorable retest of the broken structure, suggesting a likely continuation of the downward move. The target is set at 103.55.
TVC:DXYLong
by NovaFX23
2
DOLLAR INDEX(DXY): Bearish Move From Key LevelI am impressed by the way the 📉Dollar Index responded to a significant horizontal resistance level on the 4-hour chart. After the test, the pair entered a period of consolidation and established a horizontal range. The breakout below the support of this range indicated a strong bearish signal. Currently, we are witnessing a favorable retest of the broken structure and can expect a continued decrease in price. The target is set at 103.55.
TVC:DXYShort
by linofx1
1
US Dollar Trends:Navigating the Supply Area and Market SentimentAs the trading week began on Monday, the US Dollar (DXY) found itself testing a significant supply area, leading to a period of consolidation within a tight range. This move comes on the heels of disappointing Durable Goods orders data, which has sparked bearish sentiment among traders, prompting a downward shift in the Greenback's value. The Impact of Economic Data The recent Durable Goods orders report fell short of expectations, raising concerns about the resilience of the US economy. Such data often serves as a barometer for economic health, influencing traders' decisions and market dynamics. With this disappointing figure, traders have been quick to react, driving the dollar lower as they reassess their positions. Analyzing Market Sentiment The latest Commitment of Traders (COT) report reveals a telling shift in market sentiment. Retail traders appear to be holding long positions on the dollar, while institutional investors—often referred to as "smart money"—are beginning to accumulate bearish positions. This divergence in sentiment raises an essential question: is there an impending reversal in the dollar's trend? Timing the Market Timing becomes crucial in a market characterized by conflicting signals. While the COT report indicates a potential shift, it’s essential to identify the right entry points. Many analysts believe the DXY could experience another bullish impulse before any significant decline materializes. This potential upward movement may serve to "trap" sellers who have positioned themselves in anticipation of a downturn. Seasonal Patterns and Technical Analysis Adding to the complexity of this scenario is the emergence of a seasonal bearish pattern indicated by forecasters. Seasonal trends often play a critical role in currency movements, and traders must remain vigilant to these patterns when planning their strategies. In conjunction with this seasonal insight, technical analysis reveals a rectangle pattern on the chart, which suggests a defined range of support and resistance levels. Traders are advised to look for entry opportunities within this range, where the likelihood of a price breakout is heightened. Conclusion In conclusion, as the US Dollar navigates this crucial supply area amidst mixed signals from market participants, traders must approach their strategies with caution. Monitoring economic indicators, understanding market sentiment shifts, and analyzing technical patterns will be pivotal in making informed trading decisions. The current environment presents both challenges and opportunities, and identifying the right entry point could be the key to capitalizing on potential market movements. As we move forward, it will be interesting to see how these dynamics play out. What are your thoughts on the current market conditions, and where do you see the DXY heading next?
TVC:DXY
by FOREXN1
1
Potential bullish bounce?US Dollar Index (DXY) is falling towards the pivot which has been identified as a pullback support and could bounce to the 1st resistance which acts as a pullback resistance. Pivot: 103.82 1st Support: 103.44 1st Resistance: 104.57 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary. Disclaimer: The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
TVC:DXYLong
by ICmarkets
1
DXY idea bearishUS Dollar (USD) rose, alongside the rise in UST yields. Dollar Index (DXY) was last at 104.26 levels. US data, including durable goods orders, Uni of Michigan sentiment surprised to the upside, OCBC’s FX analysts Frances Cheung and Christopher Wong note. Daily momentum remains bullish “RSI eased lower from overbought conditions. While the recent run up continues to look stretched technically, the move higher may still extend in the interim. That said, we do also caution that the subsequent snapback may also be sharp, on any triggers or data surprises. Resistance at 104.60 (61.8% fibo), 105.20 levels. Support at 103.80 levels (200 DMA, 50% fibo), 102.90/103.20 levels (21, 100 DMAs, 38.2% fibo retracement of 2023 high to 2024 low) and 101.90 (50 DMA).”
TVC:DXY
by EZIO-FX
1
Levels discussed on Livestream 30th October30th October DXY: Look to break 104.20 and 61.8%, to trade down to 104 and 103.80 NZDUSD: Buy 0.5990 SL 20 TP 60 (Counter Trend) AUDUSD: Sell 0.6580 SL 20 TP 50 (Bearish Channel) GBPUSD: Sell 1.2960 SL 25 TP 50 (Break trendline0 EURUSD: Buy 1.0845 SL 20 TP 55 (Hesitation at 1.0870) USDJPY: Ranging between 152.70 and 153.86 (looking for breakout potential) USDCHF: Sell 0.8690 SL 15 TP 35 USDCAD: Sell 1.3875 SL 30 TP 60 Gold: Could retrace to 2770, look for rejection and buying opportunities
TVC:DXY
by JinDao_Tai
INDEX_DXY_4H🇺🇸🇺🇸🇺🇸🇺🇸🇺🇸🇺🇸🇺🇸🇺🇸🇺🇸🇺🇸🇺🇸🇺🇸 hello Analysis of short and medium term dollar index The analysis style is based on Elliott waves. The indicator is in an ascending wave, which is currently the big 3rd wave, which is again a downward correction wave as wave 4 and again the continuation of the ascending wave towards wave 5. 3 wave resistance 105.000 Support wave 4 number 103.300 5 wave resistance 106.600
TVC:DXYLong
by Elliottwaveofficial
DXY Is Going Down! Sell! Here is our detailed technical review for DXY. Time Frame: 1D Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The price is testing a key resistance 104.138. Taking into consideration the current market trend & overbought RSI, chances will be high to see a bearish movement to the downside at least to 103.076 level. 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. Like and subscribe and comment my ideas if you enjoy them!
TVC:DXYShort
by SignalProvider
1
Will the job data impair the US dollar gain?Macro theme: - The dollar remained steady despite short-term volatility, reflecting mixed economic data. US Sep Retail Inventories and Oct Consumer Confidence exceeded forecasts, while Sep Job Openings fell short. - Treasury yields reached multi-month highs early but declined following a strong seven-year auction. - With the US job report—the last before the FOMC meeting—approaching, storms and strikes could complicate interpreting the data, introducing further uncertainty around the dollar’s direction. Technical theme: - DXY is consolidating in a small range at the top and looks stretched. This is vulnerable to a potential mean reversion. The price is trading away from both EMAs. - If DXY extends its gain above the previous swing high at 104.60, the index may rise to 106.00 resistance. - On the contrary, if DXY closes below 104.00 support, the index may decline to retest 103.45 support. Analysis by: Dat Tong, Senior Financial Markets Strategist at Exness
TVC:DXYShort
by DatTong