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US Dollar USDX Index (DXY)

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DeGRAM | DXY retest of channel boundaryThe DXY is in an ascending channel between trend lines. The price has approached the lower boundary of the channel and the support level coinciding with the 62% retracement level, but has not yet reached the lower trend line. On the 4H Timeframe, the indicators are in the oversold zone and on the 1H they have formed a bullish convergence. We expect a rebound. ------------------- Share your opinion in the comments and support the idea with like. Thanks for your support!
TVC:DXYLong
by DeGRAM
3
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. ))
TVC:DXYLong
by RealMacro
2
Will the Non-Farm Payroll (NFP) Report Be Optimistic?At 8:30 AM EST today, the highly anticipated Non-Farm Payroll (NFP) report will be released, offering key insights into the U.S. labor market. This report will cover Average Hourly Earnings, Employment Change, and the Unemployment Rate, helping investors and policymakers assess the economy’s current state. Let’s break down the expectations and potential impacts. What to Expect from the NFP Report? The U.S. economy is expected to have added 160,000 jobs in February 2025, improving from January’s 143,000. Meanwhile, the unemployment rate is projected to remain steady at 4%, signaling stability in the job market. However, wage growth is expected to slow, rising 0.3% month-over-month, compared to January’s 0.5%, the highest since August 2024. On an annual basis, wage growth is forecasted to hold at 4.1%. Despite these stable projections, economic uncertainty is increasing. The election initially brought optimism among investors and major corporations, with hopes that the new government would introduce tax cuts, balance inflation with policy rates, and create an environment conducive to business expansion and job growth. However, the current situation presents a different picture. Unpredictable tariffs, frequent policy shifts, and regulatory scrutiny on functioning organizations are shaking investor confidence. The U.S. dollar is experiencing a decline as uncertainty continues to grow. Trade Policies and Market Uncertainty Concerns over President Donald Trump’s trade tariffs are adding to economic instability, contributing to a decline in the U.S. dollar since the new president officially took office on January 20. Investors are growing wary, as shifting policies create an unpredictable business environment. A recent decision to temporarily exempt Canadian and Mexican goods under the U.S.–Mexico–Canada Agreement (USMCA) from newly imposed 25% tariffs has added another layer of uncertainty. These tariffs, which took effect earlier this week, are raising concerns about their potential impact on economic growth and global trade. Looking Ahead The NFP report will play a crucial role in determining market sentiment and economic direction. Investors, businesses, and policymakers will closely analyze the data to assess the labor market’s strength and the broader economic outlook. With ongoing policy changes and global trade uncertainties, all eyes are on how employment trends unfold and how businesses navigate the shifting economic landscape. Stay tuned for further updates as the data is released.
TVC:DXY
by AfaqKhan111
Reasons for dollar to stabilizeDollar strength is expected to stabilize or persist into 2025 for several reasons: Economic growth differentials: The U.S. economy is projected to grow by 2.7% in 2024, outpacing the 1.7% growth forecast for all developed markets. This is driven by superior productivity growth, higher business investment and fewer labor supply issues compared to other developed markets. Such robust growth, which has contributed to inflation remaining above 2%, may lead the Fed to halt rate cuts sooner than expected. This makes a dollar weakening unlikely in the short term. Monetary policy differentials: The increasing divergence in global growth has led to a greater disparity in central bank policies worldwide. As a result, the gap between U.S. 10-year bond yields and those of its key trading partners has widened to its highest level since 1994. These differentials may remain elevated, as markets are currently pricing in only a limited number of Fed cuts next year (44bps), compared to 110bps for the ECB and rate hikes of 47bps in Japan. Policy changes: The upcoming administration's focus on boosting domestic manufacturing, increasing tariffs and deregulating industries could spur business growth and sustain higher interest rates, supporting the dollar. President-elect Trump has also discussed imposing tariffs or other measures on countries that challenge the dollar's trade dominance or reserve currency status. Even with the factors supporting the dollar, its ascent is unlikely to continue indefinitely. Currently, the dollar is two standard deviations above its 50-year average, suggesting limited room for further appreciation. Historically, the dollar has alternated between periods of strength and weakness, making a downturn likely at some point, though the timing is uncertain. Additionally, the U.S.'s persistent trade balance deficit, at 4.2% of GDP as of September 2024, poses a long-term constraint, highlighting a structural challenge that could eventually pressure the currency. A strong dollar can hurt international company performance for U.S.-based investors. It can also negatively impact U.S. companies with significant international exposure and U.S. exports by making goods more expensive abroad. While a stronger dollar could bolster the 'U.S. exceptionalism' narrative in 2025, investors should carefully assess its potential impact on their portfolios. Technically, we had a cup and handle formation, which we previously broke. Now, we are in the pullback of the break, and it make a triangle for wave 4. Remember wave dos was a flat. For that matter, this strong down momemtun, could be a retracement or wave 2 of 5.
TVC:DXY
by TRADINGACPVIP
DXY Will Grow! Long! Take a look at our analysis for DXY. Time Frame: 17h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is testing a major horizontal structure 104.192. Taking into consideration the structure & trend analysis, I believe that the market will reach 106.217 level soon. 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:DXYLong
by SignalProvider
1
U.S. Dollar Index (DXY) Analysis – Weekly ChartThis chart of the U.S. Dollar Index (DXY) shows a potential Elliott Wave correction (A-B-C) pattern with Fibonacci retracement levels. Key Observations: Fibonacci Retracement Levels: 0.618 (109.846): Price touched this key retracement level before reversing downward. 0.5 (107.235): Also acted as a resistance zone. 0.236 (101.394): Possible short-term support level. Elliott Wave A-B-C Structure: Wave A: The initial decline from the peak. Wave B: The corrective upward move (retraced to the 0.618 level). Wave C: Expected further downside movement. Moving Averages (MA): The 105.08 MA was recently broken, signaling a possible trend shift downward. The 102.28 MA could act as a short-term support level. Bearish Scenario: If the C wave completes, the price could drop toward 96.172 or even lower. Confirmation of a breakdown below 102.28 would increase bearish momentum. Trade Plan (Bearish Bias): Entry: Short position if price breaks below 102.28. Stop Loss: Above the recent high (~109.85). Target Levels: 101.39 (0.236 Fib level) 96.17 (Full retracement) Conclusion: The DXY is showing bearish signs, having rejected the 0.618 Fib level and breaking key support zones. If the Elliott Wave pattern plays out, we could see further downside toward the 96–98 range. A confirmed move below 102.28 will validate a stronger bearish move.
TVC:DXYShort
by GoodTarget
DXY filling gaps downward - expect correction soonLooks like the dollar is filling GAPs as the chart shows. Last 2 are at 102.826 and 101.601. Follow Fibs for areas of reaction where we may get a correction.(yes fibs go beyond 1.618) Look for the correction very soon, if we have one, to go as high as 105.5-ish. It should NOT correct higher than that if we are going much lower...according to Elliott Wave I'm assuming we are in the 3rd wave. Watch for the trend(price) to move toward the blue line as an area/direction while it's correcting.
TVC:DXYShort
by rabbitinvestmentsstrategies
Falling towards overlap support?US Dollar Index (DXY) is falling towards the pivot and could bounce to the 1st resistance. Pivot: 103.53 1st Support: 102.36 1st Resistance: 105.62 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
The US Dollar Index is Decreasing - Positive for Cryptocurrency#DXY #Analysis Description --------------------------------------------------------------- + The Dollar Index has breached its support level and is now trading below it, moving toward the next support zone around $100. + This development is positive for Bitcoin and the broader cryptocurrency market, as the US Dollar Index typically declines during a bull run. + In the long term, I anticipate further declines, potentially reaching the $90 range. --------------------------------------------------------------- Enhance, Trade, Grow --------------------------------------------------------------- Feel free to share your thoughts and insights. Don't forget to like and follow us for more trading ideas and discussions. Best Regards, VectorAlgo
TVC:DXYShort
by VectorAlgo
Elliott Wave View Dollar Index (DXY) Nesting Impulsively LowerShort Term Elliott Wave View in Dollar Index (DXY) suggests the decline from 1.13.2025 peak is taking the form of an impulse with extension (nesting). Down from there, wave 1 ended at 106.97 and rally in wave 2 ended at 109.88. The ETF extended lower in wave 3 which is unfolding in 5 waves in lesser degree. Down from wave 2, wave ((i)) ended at 106.12 as the 1 hour chart below shows. Rally in wave ((ii)) unfolded as a zigzag Elliott Wave structure. Up from wave ((i)), wave (a) ended at 106.79 and pullback in wave (b) ended at 106.16. Rally in wave (c) ended at 107.65 which completed wave ((ii)) in higher degree. The ETF extended lower in wave ((iii)). Down from wave ((ii)), wave (i) ended at 105.87 and wave (ii) rally ended at 106.38. The ETF extended lower in wave (iii). Expect wave (iv) rally to fail for further downside to complete wave (v) of ((iii)). Potential target lower is 100% – 161.8% Fibonacci extension of wave ((i)). This area comes at 101.59 – 103.9 where wave (v) of ((iii)) should end. Near term, as far as pivot at 107.65 high stays intact, expect rally to fail in 3, 7, or 11 swing for further downside.
TVC:DXY
by Elliottwave-Forecast
USD Dramatic Drop on Recession ConcernsWhile tariff talk was a driver of strength for the USD, even into late last week, that dynamic has shifted, and it seems that the driver is worry or concern about possible recession in the U.S. economy. Just last Wednesday, President Trump had a comment regarding tariffs on Europe, taking place around lunch time in New York. At the time, EUR/USD had just begun to re-test the Fibonacci level at 1.0523 again, but that comment helped to prod a pullback, and soon, a shorter-term reversal. That weakness in EUR/USD and strength in USD lasted into the end of the week, but so far this week, a very different tone has taken over. This is probably helped at least in-part by the Federal Reserve Bank of Atlanta's GDP Now stat, which suggests a contraction for GDP for Q1. This is in stark contrast to the data point less than two months ago and it highlights the dimming in data that's shown of late. This has helped to push expectations for rate cuts even higher, and that's been the dragging point for USD so far this week. Now, with weakness in the mix for the U.S., those tariff concerns are being perceived as another point of weakness and another factor that could further drive weakness into the USD. - js
TVC:DXY
by FOREXcom
1