DXYDXY approching a demand floor on daily ,the price action is strong .
if that demand holds ,then mid term gains of AUDUSD,EURUSD,GBPUSD,USDJPY,GOLD ,SILVER,COPPER WILL be affected on technical and not on fundamental.
DXY trade ideas
DXY or USD INDEX (Bearish)Nicely rejected twice from the top, broke the trendline & support, making it ready for continuation towards the downside, showing us more money being printed and coming to the market, all the time it was going up, but hopefully this is the best probability right now.
DeGRAM | DXY retest of supportDXY is in a descending channel between trend lines.
The price is retesting the support level, which previously acted as a rebound point.
The chart keeps the descending structure.
We expect a correction in the channel after fixing above the important psychological level of 107.
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DXY Trading Journal Feb 13 Analysis DXY Trading Journal
Feb 13 Analysis
Price did gravitate to 15M and rebalance in Asia and London and lowered to the sell side and equal lows, Price did react and come to the 50 in NY before furthering it decline for lower prices, seeking another key low.
Note I stated yesterday that I suspected a long in NY, and it only came up to the CE of the dealers range, leading me to think that we are in fact a bearish bias.
Price is in discount on the weekly, and daily an previous sessions range.
DXY aka USD daily chartUnless there is a big move down the bullish channel, the bias is still bullish in the longer term.
You never know, the "tariff" thing is still on going, just one sentence from trump could cause bulls to push it back up. For now it is work in progress.
DXYThe DXY (U.S. Dollar Index) measures the strength of the U.S. dollar against a basket of six major currencies: the euro, Japanese yen, British pound, Canadian dollar, Swedish krona, and Swiss franc. It serves as a key indicator of the dollar’s value in global markets. The index tends to rise when the dollar strengthens and falls when it weakens. Major economic events, Federal Reserve policies, inflation data, and geopolitical developments significantly impact its movements. Traders and investors use the DXY to assess currency trends, hedge risks, and make informed decisions in forex and commodities markets.
DXY 1hMaking High Resistance we are Bearish but we are also Bullish because we come from Support i recommend to see what liq will be taken pref. sellside sweep after a MSS bullish and to push a little Higher, if we see some drops the probability is higher take that local +OB below liq beeing taken out
🇺🇸 Is Trump Really Making America Great Again? Or Is DXY Telli🇺🇸 Is Trump Really Making America Great Again? Or Is DXY Telling a Different Story? 💰
The US Dollar Index (DXY) is at a critical crossroads, pulling back to weekly support while sitting at deep Fibonacci retracement levels.
This is a key area to watch—if support holds, we could see a strong rebound. But if it fails, a deeper pullback and correction may be on the horizon.
Keep an eye on this level—the next move could set the tone for what’s ahead. 📉📈
Scenario on DXY 13.2.2025I would see the dollar index like this if I was considering going short I would first consider going above the monthly level of 108.048 if the market continued then I have one more SFP at a price around 108.6 if I was going to talk about a long position then first around the monthly level of 107.053 then the next one below the daily level of 106.724.
DXY Will Go Higher From Support! Buy!
Here is our detailed technical review for DXY.
Time Frame: 1D
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The price is testing a key support 107.865.
The above observations make me that the market will inevitably achieve 110.063 level.
P.S
Overbought describes a period of time where there has been a significant and consistent upward move in price over a period of time without much pullback.
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DeGRAM | DXY retest of the trend lineDXY is in a descending channel between trend lines.
The price is moving from the lower boundary of the channel and has already reached the dynamic support, which has previously acted as a rebound point twice.
The chart dropped below the 62% retracement level and afterwards formed a harmonic pattern and even though the descending structure has been maintained, the index has not yet formed a descending bottom.
We expect that after consolidation above 107.760 DXY may rise in the channel to the nearest resistance at 108.540.
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DXY OutlookIt appears that DXY is pausing this uptrend briefly soon. A push up with a B wave followed by a C wave correction. After that we should continue to hit the technical target of the uptrend.
DeGRAM | DXY growth in the channelThe DXY is in an ascending channel between the trend lines.
The price is moving from the lower boundary of the channel and dynamic support, which has already acted as a rebound point twice.
The chart has formed a harmonic pattern.
The index will continue to grow after consolidation above the 62% retracement level.
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DXY- Trade Plan 11/02/2025Dear Traders,
I expect price will be start correction to 105.200 Area ,
Now price started downward movement (Descending Channel)
i have 2 Scenario`s for Correction
1- Start correction from 108.600-108.700
2- Start Correction from 109.000-.109.100
If you enjoyed this forecast, please show your support with a like and comment. Your feedback is what drives me to keep creating valuable content."
Regards,
Alireza!
$DXY Weekly Analysis: Bearish Divergence and Trendline Breakdown
DXY Shows Bearish Divergence and Breakdown – Bullish Implications for Bitcoin, Gold, and Forex
The U.S. Dollar Index ( TVC:DXY ) has formed a clear bearish divergence on the weekly timeframe, indicating potential downside momentum. Additionally, it has lost key trendline support, further confirming weakness in the dollar.
Key Support Levels for #DXY
Next Major Support: 102 - 100 zone
If the 110 support level is breached, DXY could experience a sharp plunge, accelerating further downside.
Bullish Impact on Bitcoin, Altcoins, Gold, and Forex
Since the DXY moves inversely to risk assets and other currencies, its bearish outlook could support:
✅ #Bitcoin & #Altcoins: Potential for upward momentum
✅ #Gold: Increased demand as a hedge against a weaker dollar
✅ #Forex Markets: Currencies like EUR, GBP, and others could gain strength against the USD
The current bearish divergence and breakdown of trendline support in DXY suggest continued dollar weakness. If key support levels fail, we could see strong rallies in Bitcoin, altcoins, gold, and major forex pairs in the coming weeks.
ABC Correction perfection A Beautiful ABC pattern
Lines up perfectly with :
- Previous range Point Of Control
- Previous month Value Area Low
- A Daily Naked
- The 1 to 1
- Global Swing Low Avwap
Elliot wave theory
I expect early next week being hit. Then target the highs for a wyckoff distribution pattern.
People are already positioning EU swing longs, without a spring.
We need to punish dem early bulls 🏌️♀️
CAPITALCOM:DXY OANDA:EURUSD CME:6E1! ICEUS:DX1!
