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U.S. Dollar Currency IndexUU

U.S. Dollar Currency Index

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DXY trade ideas

DXY can still growI am seeing that on a daily basis the strength of $ against Rials is increasing the only option that iran has is a strong attempt to bolster production at all lines of industry at leat to 300 to 600% of the current status. only in this way we will be able to slow down or halt this currency weakness against the US dollar. it has bee alleged that iran can absorb around 2 trillion dollars in foreign investment to boost its economy. after the start of the revolution there has been a downtrend in investment.
TLong
by loginmusa
Dollar strength stopped as December CPI cools The dollar retreated further as the deceleration in core CPI for Dec increased the likelihood of a Fed rate cut. According to the CME FedWatch, the probability of a rate cut in June FOMC rose to 67% from 57%. Richmond Fed President Thomas Barkin stressed that inflation is approaching the 2% target again and price pressures were continuing to slow. Failed to hold EMA21, DXY consolidates near the 109.00 threshold. The index briefly broke below EMA78 and the trendline, indicating the possibility of a bearish transition. If DXY fails to hold EMA78 and the trendline, the index may fall further to the support at 108.30. Conversely, if DXY breaches above EMA21, the index could regain upward momentum toward the 110.15 high.
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by inkicho_exness
DXY could start correcting soonThe last quarter of 2024 was exceptionally bullish for the DXY, with the price climbing from 100 to a peak around 109—a substantial 9% increase in a relatively short period. The bullish momentum has continued into the start of 2025. However, since late December, the price action has become more overlapping, which could indicate the potential for a reversal. At present, the price remains above the bullish trendline, so there are no clear reversal signals yet. That said, it’s important to monitor for a downside break. If such a scenario occurs, the index could drop toward the 106 support level.
TShort
by Mihai_Iacob
1
USDX, DXYUSDX is in an uptrend. The price has tested the 110.16 resistance and failed to break through. It is believed that in the short term there may be a correction. If the price can still stand above 107.41, it is expected that the price will continue to rise. Consider buying in the red zone. 🔥Trading futures, forex, CFDs and stocks carries a risk of loss. Please consider carefully whether such trading is suitable for you. >>GooD Luck 😊 ❤️ Like and subscribe to never miss a new idea!
ELong
by Serana2324
5
DXYThe Dollar Index (DXY) measures the value of the U.S. dollar relative to a basket of six major foreign currencies: the euro, Japanese yen, British pound, Canadian dollar, Swedish krona, and Swiss franc. It provides a comprehensive gauge of the dollar’s strength in global markets and is widely used by traders, investors, and policymakers. A rising DXY indicates a stronger dollar, often reflecting investor confidence in the U.S. economy, while a declining index suggests a weakening dollar. The index is closely watched for its impact on commodities, trade balances, and global financial markets.
TShort
by HavalMamar
Forecast UPDATES! Jan 15, WedIn this video, we will update the forecasts for the following markets: ES \ S&P 500 NQ | NASDAQ 100 YM | Dow Jones 30 GC |Gold SiI | Silver PL | Platinum HG | Copper 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. I will not and cannot be held liable for any actions you take as a result of anything you read here. Conduct your own due diligence, or consult a licensed financial advisor or broker before making any and all investment decisions. Any investments, trades, speculations, or decisions made on the basis of any information found on this channel, expressed or implied herein, are committed at your own risk, financial or otherwise.
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by RT_Money
Bearish drop?US Dollar Index (DX is reacting of the pivot which aligns with the 61.8% Fibonacci retracement and could drop to the 1st support. Pivot: 109.402 1st Support: 108.50 1st Resistance: 110.17 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.
TShort
by ICmarkets
1
DXY demanding area to buy it, Read caption for more...Hello fellow traders share your opinions about this setup thanks for your support. I have prepared this chart and it represents DXY on a 4-hour timeframe, more you can read bellow. 1. Price Channel (Yellow Zone): The price is moving within an ascending channel, indicating a short-term uptrend. 2. Resistance Zone (Red Area) : Positioned near the 110.500 level, this acts as a potential area where the price may face selling pressure. 3. Demand Zone (Green Box): Located around 109.100, this serves as a support level where buyers might step in. 4. Support Zone (Lower Green Box) : Positioned around 107.500, it provides a more significant area of demand. 5. Target Zone (Blue Box): Highlighted as a potential area where the price may rebound to if it bounces off the demand zone. Shortly the price may be bullish from the current area if not then it has a demand zone between 109.032 to 109.228 Key levels DXY buy from 109.200- 109.500 Target at 109.850 SL at 108.821 Note; This is for educational purpose not a trading advice. Kindly support me like comment and share the ideas.
TLong
by Jacks_Trading_Service
It's Good To Be Back, With The Dollar Gold Shaping Up Before CPIHey there, Dollar: The dollar pulled back slightly early this morning from a two-year high as traders await key inflation data scheduled to come out later today. However, the focus remains the plans set by Donald Trump for more trade tariffs, with traders also waiting for an interest rate decision in China and labor market data from Australia for more cues on Asian markets. The recent weakness in the dollar was mainly due to the softer than expected PPI inflation data released for December. The reading spurred hopes that inflation will ease, giving the Fed more headroom to keep cutting rates, But certain components of the PPI reading, like PCE Price Index data which is the Feds preferred inflation gauge, read stronger for December, indicating that the underlying inflation likely remained high. As a result, focus is now squarely on CPI inflation data due later today, for more cues on interest rates. With growing anxiety that sticky inflation will keep U.S interest rates high for longer, especially after the Fed warned of a slower pace of rate cuts this year. Gold: Gold has made steady gains, while traders keep to the sidelines ahead of CPI data later today. The recent gains in Gold came from softer-than-expected PPI inflation data which spurred some hopes that inflation will ease further in the coming months. However, in spite of the steady gains Gold still remains rangebound as safe haven demand remains limited, while the prospect of slower interest rate cuts by the Fed also weighed on the outlook. Higher interest rates is not good for non-yielding assets like Gold, because it increases the opportunity cost of investing in them
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by DeanMuller
2
DXY (US Dollar Index) 4H Timeframe AnalysisDXY (US Dollar Index) 4H Timeframe Analysis Trend Analysis On the 4-hour timeframe, DXY is currently in an uptrend, with price action recently breaking through a major key resistance level at 108.900, which is now acting as a strong support. This breakout marks a potential continuation of the bullish trend. The market has formed a clear 3-bottom reversal pattern, indicating strong buying momentum as price pulls back for a liquidity hunt below the minor key support. Currently, the price is in a consolidation phase near the liquidity zone, ready to test the minor key resistance at 109.040. If the price breaks above this resistance after the liquidity hunt, we expect continued bullish momentum toward the next resistance level at 110.290. Price Action Expectation: Our objective is to wait for a price manipulation period at the liquidity zone, where we expect a brief dip to liquidate all buyer stop-losses. After this, we anticipate a strong rebound and a potential breakout above the minor key resistance. Wait for price to break above the minor resistance at 109.040. Look for confirmation of a bullish continuation with increased volume as the price reacts to any positive economic news, such as strong retail sales and low unemployment claims. Expect the price to rally toward the next significant resistance level at 110.290. Trade Setup: Trade Type: Buy Stop (Breakout Entry) Entry: 109.040 (after a confirmed breakout above minor resistance) Stop Loss: 108.550 (below liquidity zone to avoid false breakouts) Take Profit: 110.290 (next significant resistance level) News Catalyst The upcoming economic data, such as Core Retail Sales and Unemployment Claims, could have a significant impact on the USD. A positive retail sales number (forecasted at 0.5%) would likely support the uptrend in DXY, as would a lower-than-expected unemployment claims number (forecasted at 210K). Strong data from these releases would reinforce the bullish sentiment for the USD, pushing DXY towards the next key resistance. Conclusion: DXY shows strong bullish potential based on a clear trend break and positive economic data outlook. The strategy focuses on waiting for the breakout confirmation, entering at a strategic point, and riding the momentum toward the next resistance level. Risk Management: Maintain a 1:2+ risk-to-reward ratio to optimize trade outcomes. Position size should align with your account equity to manage risk effectively. Monitor economic news closely, as it could influence short-term market fluctuations. Trading involves significant risks and is not suitable for all investors. Always: Seek advice from a financial professional if unsure about trading decisions.
CLong
by RebornFXTrader
"Awaiting Bearish Confirmation at Key Resistance Zone on DXY"Based on the chart of the U.S. Dollar Index: 1. **Trend Analysis**: The index is currently within an upward channel, indicating a bullish trend. The price is oscillating between the upper and lower boundaries of this channel. 2. **Recent Movements**: There’s a noticeable price peak around the upper boundary, suggesting potential exhaustion. The recent downward movement indicates the possibility of a reversal. 3. **Bearish Confirmation**: The note emphasizes waiting for bearish confirmation before executing any trades. This suggests that it's prudent to look for signs of trend reversal or weakening momentum before making a bearish move. 4. **Strategy**: The advice is clear: without confirmation of a bearish trend, no trading should occur, highlighting a cautious approach. 5. **Key Levels**: Watch for key support around the mid-channel and resistance near the upper boundary, which could signal entry or exit points. Overall, the chart indicates a cautious approach is necessary, focusing on confirmations before taking any trading actions.
TShort
by TRADE_CENTER_1
Bearish drop?US Dollar Index (DXY) has reacted off the pivot and could potentially drop to the 1st support. Pivot: 109.38 1st Support: 108.53 1st Resistance: 110.17 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.
TShort
by ICmarkets
2
DXY for short-term DownsideHello Fellow Traders, Its BEEN A WHILE! I hope That Everyone Follows This Forecast To make some big Profits! Here is a Full Updated Analysis & Forecast For DXY The Best way to follow my Analysis is if the following conditions apply. Conditions - 1. Wait for the Market to Show you some (Rejection / Confirmation / Direction) 2.Wait for confirmation(Price Action Confirmation ( Pinbar , Bullish or Bearish engulfing / Break of structure Aka Support Or Resistance) 3.Do your Own analysis! (Draw Trend Lines / Support & Resistance Zones / SND ) 4.Always Use Risk Management (Risk 1% of your capital) 5.Entry Should be Made on The 4H Timeframe (Only if you have Confirmation) 6.Trade at own risk! &. Plan Your Trade & Trade The Plan! Let Me know if you have any Questions or Comments Below! Negative Or Insulting Comments Are Not Welcome See You in the next Analysis! Global Fx Education
CShort
by Global_Fx