DXY - 125 within reach if 112 is piercedChoosing to ditch some of my gold longs based on perceived $$$ strength in the coming quarters. The fibonacci fan has worked well to trade the medium-long moves in the DXY.
USDX trade ideas
US Index Bullish after the FOMC Fed rate Cut off to 4.5US index bulish after the FOMC Fed rate cut.
Now the Price is still at 108.133 and the last resistance was break on the current level and wait for the confirmations
The next level will be 109.156 and 109.954.
The USD positive impact will have a negative impact on major pairs and gold; be careful when opening the trades.
*Note:
When the USD idex is strongly bullish and sentiments also show the data will impact after the gold bullish recovery.
DXY (THE DOLLAR INDEX)1. If the Dollar Breaks Out Above Resistance
This scenario indicates bullish momentum, meaning the dollar could strengthen further.
Implications:
Continuation of Uptrend: Breaking resistance often signals strong buying interest or positive sentiment.
Next Target: The price may move toward the next resistance level or a new high.
Market Sentiment: This could result from strong economic data, higher interest rate expectations, or geopolitical factors favoring the dollar.
Traders’ Actions:
Enter long (buy) positions after confirming the breakout.
Set stop-loss orders just below the breakout level to manage risk.
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2. If the Dollar Fails to Break Resistance
This scenario indicates a potential reversal or consolidation below the resistance level.
Implications:
Reversal to Downtrend: Failure to break resistance often signals profit-taking or bearish sentiment.
Support Retest: The price might fall to test lower support levels.
Market Sentiment: This could occur due to weak economic data, dovish central bank policies, or stronger foreign currencies.
Traders’ Actions:
Consider short (sell) positions if rejection at resistance is confirmed.
Monitor for bearish patterns (e.g., double top or bearish engulfing candles).
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Confirmation is Key
Volume Analysis: A breakout with high volume is more reliable, while rejection with high selling volume confirms resistance.
Economic Data Events: Major announcements like interest rate decisions or employment data can influence the direction.
Would you like help with specific dollar pairs or technical analysis?
DXY STRUCTURE Hi Guys its Dr Trade again, your number one multi-dimensional analyst, from my DXY previous post when I stated that I will be waiting for the market to show me its hand before I commit to the market, well I have seen the hand of the market, the target high is taken out which has turned into a BOS now i will look for pull backs to trade higher, I will keep you guys fully updated, stay tuned fore more updates, do well to like share and follow.
DXY Weekly - Dollar IndexSimple Trading - Wyckoff Event
If the event has started then the dollar index will have one heck of a year coming into Q1 and Q2.
Watch for volume change on the intraday day time frame and expect the trend to continue bullish.
Long story short the DXY is growing strong with the rise of BTC and Donald Trump being elected President.
Targets:
109.40 - previous support
111.50 - .616 Fibb level
113.80 - .50 Fibb level
US Dollar pushing resistance ahead of the FOMCIntraday Update: The DXY pushed to recent highs at 107.20 and bias chart resistance ahead of the FOMC. Today, this will be a key breakout point for the US Dollar post FOMC.
DXY Bias 24/12/18Last week pretty much ended green, so base on my bias, this is what i'd expect this cool guy to do these
Rising Global Liquidity: Deflationary Dollar & Rallying EquitiesWhile it's uncommon for the dollar ( TVC:DXY ) and equities (S&P 500) to rise simultaneously, historical instances illustrate that it can occur under specific economic conditions.
I think those conditions may be upon us!
Historical Examples:
1995:
DXY Movement: Strengthening
S&P 500 Movement: Rising
Context: Strong economic growth and corporate earnings propelled equities higher.
2001-2002:
DXY Movement: Strengthening
S&P 500 Movement: Rising
Context: Economic recovery following the tech bubble burst.
2011:
DXY Movement: Strengthening
S&P 500 Movement: Rising
Context: Safe-haven buying of the dollar amid European debt concerns, while stocks benefited from robust corporate earnings.
March 2020:
DXY Movement: Strengthening
S&P 500 Movement: Rising (post-COVID)
Context: Initial flight to safety due to uncertainty, followed by stimulus-driven stock market recovery.
Mid-Late 2025 - Crescendo:
DXY Movement: Potential strength driven by deflationary AI Pressure cheapening productivity & labor cycles
S&P 500 Movement: Rising markets as all assets rally as a result of increased liquidity from stimulus
Context: it takes a few months for stimulus to reach assets- the next few *years* might have stimulus coming. Inflate the debt away while the dollar rises?
These historical instances suggest that a strengthening dollar *can* coexist with rising equities, particularly in environments characterized by global liquidity increases.
Given the chart, we have a convergence of two long term trend lines, first in the ascending channel on the ‘short term’ (1yr candles, in top photo ascending channel).
Then for the longer term ‘cup’ trend going back decades (ref bottom RSI momentum dating back to 1980s), *that* might show that we truly are on the cusp of incredible amounts of stimulus.
What do you think? Is it possible that the dollar goes higher while we receive trillions in stimulus? Is this the fuel for the ‘everything rally’?
forex compare forex compare.
Why is only the dollar rising?
Could there be a reversal with other countries' currencies now?
Again 2007!
Dollar Dominates: FED Rate Decision AheadThe US dollar is getting strong again, driven by a resilient US economy and expectations of a "hawkish cut" from the Federal Reserve. Despite talk of a rate cut, the US economy remains strong, with solid consumer spending and a tight labor market. This raises concerns about persistent inflation, suggesting the Fed may be cautious about further easing. Technically, the dollar index (DXY) is staging a convincing rebound, breaking above key resistance and eyeing new highs for 2024. This bullish momentum is likely to continue if the Fed delivers a "hawkish cut" – lowering rates while signaling a cautious stance on future easing.
EUR: Grappling with Economic Headwinds
The eurozone faces a challenging economic outlook. Slowing growth and persistent inflation create a stagflationary environment that weighs on the euro. The European Central Bank is caught between a rock and a hard place, needing to support the economy while also taming inflation. The EUR/USD pair remains trapped within the 1.0460 – 1.0600 range. A decisive break below this zone, particularly with a close below 1.0400, could signal a significant shift in momentum and the continuation of a downtrend in the medium term.
GBP: Battling Stagflation
The pound is under pressure due to a confluence of factors. Recent data shows the UK economy contracting, raising fears of a recession. Inflation remains high, adding to the stagflationary pressures. The Bank of England faces a difficult balancing act, needing to support the economy while also keeping inflation in check. GBP/USD is looking vulnerable, with a break below key support at 1.2600 potentially opening the door for further declines.
JPY: Waiting for Policy Clarity
The Japanese yen remains volatile as markets try to anticipate the Bank of Japan's next move. Will they maintain their ultra-loose monetary policy or finally raise interest rates? The uncertainty is fueling volatility in JPY crosses. USD/JPY has been on a tear, breaking above key resistance levels. A "hawkish hold" from the BoJ, where rates are kept unchanged but the door is left open for future hikes, could fuel further yen weakness.
CAD: Exposed After Rate Cut
The Canadian dollar is vulnerable after the Bank of Canada's recent rate cut. The move surprised markets and raised concerns about the health of the Canadian economy. USD/CAD has been trending higher, fueled by the divergence in monetary policy between the US and Canada. A break above the 1.4350 resistance level could pave the way for further gains in USD/CAD.
*This is a market analysis, not trading advice. Trade responsibly and do your own research.
DXY next possible move🔮🦁🦁🦁 **Patience: The Most Difficult Skill to Master in Trading**
💡 **Want to succeed? Then, learn to wait.**
⏳ Patience is not just a virtue in trading; it’s a powerful weapon. But let’s be honest: it’s also one of the hardest skills to develop.
👉 Yet, once you master it, you’ll already be halfway to success. 🎯
📈 Trading rewards those who know how to wait for the right moment.
❌ Not those who rush.
✔️ But those who remain calm and methodical.
So, make patience your ally and see the difference. 🌟
US DOLLAR STILL STRONG BULLISHUS DOLLAR potentially continue it's strong bullish movement as several economic data released last week show us strong labor and inflation is still under control. This week we will face FED Meeting on 18 Dec and FED FUND FUTURES gives 96% number of lower rates (425-450 bps).
In general, interest rate cut will give a weak movement for dollar. But, as a good trader, we must know that FED cut rate is a normalization that driven by optimism that inflation is under control and labor market remain strong. This is the reason why dollar still in a strong condition.
Technically, dollar could go up to 109.6xx and i see 105.6xx as a invalid level for buyer to hold dollar. And please be careful for you who hold counter currency of dollar (AUDUSD, EURUSD, etc) in long position because those pairs still driven by strong bearish movement.
DXY Masterclass: Expert Price Action Strategies UnveiledTVC:DXY AlexGoldHunter Technical Analysis Using Price Action Technique
Key Levels and Patterns
Resistance Levels:
Top Resistance Band (RB): Around 107.500
Lower Resistance Band (RB): Around 106.000
Support Levels:
Target Support: Around 105.500
Another Support Target: Around 104.000
Fibonacci Retracement Levels:
0.382: 106.835
0.5: 106.662
0.618: 106.489
0.786: 106.270
Break of Structure (BOS):
Multiple BOS points indicating significant changes in price direction.
Market Structure Shift (MSS):
Points where the market trend changes direction.
Equal Highs:
Level where the price has reached the same high multiple times near 107.500.
Indicators
RSI (Relative Strength Index):
Levels around 63.82, 57.11, and 40.00 indicating overbought and oversold conditions.
MACD (Moving Average Convergence Divergence):
Signal lines and histogram showing bullish or bearish momentum.
Buy Strategy
Entry Point:
Look for a bullish reversal pattern near the Fibonacci retracement levels (0.5 or 0.618) around 106.662 or 106.489.
Confirmation of a higher low or a bullish candlestick pattern (e.g., hammer, engulfing) near these levels.
Stop Loss:
Place a stop loss below the recent swing low or below the 0.786 Fibonacci level (106.270).
Take Profit:
Initial target at the resistance level around 107.500.
Further targets can be set at the higher resistance bands around 108.000.
Sell Strategy
Entry Point:
Look for a bearish reversal pattern near the resistance level around 107.500.
Confirmation of a lower high or a bearish candlestick pattern (e.g., shooting star, bearish engulfing) near these levels.
Stop Loss:
Place a stop loss above the recent swing high or above the resistance band around 107.800.
Take Profit:
Initial target at the support level around 106.000.
Further targets can be set at the lower support levels around 105.500 or 104.000.
By using these price action techniques, you can identify potential buy and sell opportunities based on key support and resistance levels, trend analysis, and indicator confirmation. Remember to practice good risk management and stay updated with market conditions. Happy trading! 📈📉
Follow @Alexgoldhunter for more strategic ideas and minds
US INDEX BULLISH PROJECTION The US INDEX has closed last weeks weekly candle very bullish after retesting the weekly Trendline break and rebounding from it. With that in mind I’m seeing this weeks weekly candle as a possible bullish candle for end of week, for that scenario to play out we would have to hold 1-4 hr support @ 106.200-106.400. Target for the week 107.300-107.500.. let’s get through this week and see if the bulls keep control going into 2025.
THE US DOLLAR (DXY) // primary long expansionThe last impulse, that is visible even on the weekly chart, broke the weekly structure.
The emerging countertrend only came back to 23.6, but tested the weekly (and H4) breakout, and turned up in the direction of the primary trend.
This is the expansion phase with a target of 109.00, and it is valid until the structure breaks on H4.
———
We may not know what will happen, but we can prepare ourselves to respond effectively to whatever unfolds.
Stay grounded, stay present. 🏄🏼♂️
Your comments and support are appreciated! 👊🏼
Idea on DXY Dollar Index (DXY) continued to go higher on better-thanexpected PPI and softer EUR, following ECB meeting. Focus next on FOMC next week. DXY was last at 107 levels, OCBC’s FX analysts Frances Cheung and Christopher Wong note.
Head and shoulders pattern have formed
“Focus next on FOMC next week. A 25bp cut is more or less a done deal (markets pricing 97% probability of a cut).”
“Bearish momentum faded while RSI rose. Head and shoulders pattern have formed but DXY has yet to break below the neckline and is now challenging the second shoulder. A decisive break below neckline is required for bears to gather momentum.”
Dollar back to levels of 107.969 since 2022!!!Admittedly, last weeks prediction of the dollar for me was that I expected it to finally push down, However price action then clearly showed me otherwise by showing its clear intent to move further to the upside and refusal to break structure to the downside which I had tried to anticipate . Although price hasn't taken the last significant high that created the 1h supply we have seen CHOCH and BOS to the upside on the 1H time frame suggesting that price wants to push up further.
This is validated by the pairs against the dollar wanting to push down and the fact that there is not only liquidity in the form of Asian highs but a large weekly imbalance and weekly supply zone where I predict price will push up to before finally returning to it's usual bearish trend.
I can expect price to react from the 13min order block after the new Monday ASL is taken. If not we may see price pushing lower slightly simply in order to grab liquidity and find the correct zone to react from, potentially the 3H HTF demand I have marked out in order to push up. This also aligns with my pairs against the dollar that will push up and then come down.
Direction of the DXY for this week Direction of the DXY for this week
seems like an up trend will need to fill up FVG up there
at the opening of the market DXY will go down but for the long term will go up ....
BTC Tops vs DXY BTC vs DXY Chart.
I am looking at 3day timeframe BTC and comparing this to DXY tops 2017 $104.00
DXY was it was $1.00 back in 2015 peak, it was in a reaccumulating pattern.
I am noticing that BTC is following the same pattern, it will be forming a reaccumulation pattern, which means 100k is the tops and we will be expecting a push down back to around 40k range before bounce back to 100k and so forth as seen with DXY.
Buyside liquidity needed For long term short ahead. 12/13-12/20i am looking for Sellside imbalance buy side inefficiency to get tapped into and a market structure shift for a Swing trade on dxy/usd pairs - if it doesn't give me a market structure shift and a reaction then i will wait for the buyside liquidity to be breached and to be patient. There will definitely be a scalp coming into Monday NY session.
I am going to be patient and wait i will be using stop losses and wait to see how this plays out for swinging. i think it would help you guys to see my scalps because im only scalping for 15pips no more than 30pips at most
if i do get a scalp i will show and post win or loss transparency is a huge thing right now
Is USD Setting Up for a Retrace?👀 👉 The DXY (USD) has shown strong momentum, rebounding sharply from a key support level and pushing into this 4H resistance zone. In my view, the price seems overextended, and I’m anticipating a retracement within the current price swing range back to equilibrium. 📢 *Disclaimer: This content is not financial advice.
