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US DOLLAR CURRENCY INDEXUS DOLLAR CURRENCY INDEXUS DOLLAR CURRENCY INDEX

US DOLLAR CURRENCY INDEX

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DXY trade ideas

Always learning new things as I check for my mistakes!Had a stoploss a very nice one, don't worry I followed my plan and just lost 1% of my account no big deal. These past weeks, I have notice that every time that DXY is not aligned with EUR/USD price always goes contrary to manipulation. For example, in EU we can see that price manipulated a high, but DXY didn't meaning DXY is supported by an order block. Same happens when DXY manipulates a high or low and EU doesn't manipulate any high or low this means EU is supported by an order block. In Conclusion this is called divergence and every time we see divergence we go contrary to manipulation. Note: Here you are seeing the DXY chart inverted, this way you'll be able to find divergences easily.
TVC:DXY
by RentCash
Why So Quite? Hey everyone, I hope and trust you're all doing well and enjoying these markets. I know I've been silent over the last few weeks and there is a very good reason for that. I am currently writing my annual assessments and it is quite extensive and the preparation is quite time consuming. For this reason I thought it best to take a short break from writing and recording content just until I finished up. To be honest I really miss interacting with you all and I look forward to getting back to these markets. Be safe, trade well and make money Regards Dean
TVC:DXY
by DeanMuller
Why So Quite? Hey everyone, I hope and trust you're all doing well and enjoying these markets. I know I've been silent over the last few weeks and there is a very good reason for that. I am currently writing my annual assessments and it is quite extensive and the preparation is quite time consuming. For this reason I thought it best to take a short break from writing and recording content just until I finished up. To be honest I really miss interacting with you all and I look forward to getting back to these markets. Be safe, trade well and make money Regards Dean
TVC:DXY
by DeanMuller
DXY Is Going Down! Short! Here is our detailed technical review for DXY. Time Frame: 10h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The price is testing a key resistance 103.181. Taking into consideration the current market trend & overbought RSI, chances will be high to see a bearish movement to the downside at least to 102.300 level. P.S We determine oversold/overbought condition with RSI indicator. When it drops below 30 - the market is considered to be oversold. When it bounces above 70 - the market is considered to be overbought. Like and subscribe and comment my ideas if you enjoy them!
TVC:DXYShort
by SignalProvider
1
DXY - Dollar Index 4H bearish setupThe TVC:DXY is showing potential for a bearish reversal after its recent rise. Technically, DXY has bounced back to a key resistance zone after a major fall, reaching the order block from the last leg down. The failure to break significantly higher from this resistance suggests the possibility of another downward move. Liquidity grabs above the resistance zone further support this bearish outlook. However, a small bounce within the resistance zone before another fall is still possible as liquidity is gathered from the upside. Fundamentally, several factors are influencing the bearish sentiment for the USD. The Federal Reserve’s ongoing easing cycle and the potential for further interest rate cuts weaken the dollar, especially as inflation pressures remain subdued. Other central banks, including the ECB, have cut rates, increasing the interest rate gap with the USD, which could further reduce demand for the dollar
TVC:DXYShort
by Sober_Trading
September Monthly Trade Plan: U.S. Dollar Index (DXY)Market Overview: As we enter September, the U.S. Dollar Index (DXY) is positioned at a critical juncture. After experiencing a significant decline throughout the summer, the index found support in the discount zone around 100.000 to 102.000. This zone has historically provided a strong base for potential rebounds, but the broader bearish trend remains a key factor to consider. This monthly trade plan outlines key scenarios, levels, and strategies to watch for in September. Key Levels to Watch: Support Zone (100.000 - 102.000): This zone acted as a strong support in August, leading to a minor bullish bounce. This level remains critical; a break below could signal continued bearish momentum, while a sustained hold could lead to a broader retracement. Equilibrium Level (103.500): Serving as the midpoint, this level is likely to act as resistance if the DXY continues to recover. A breakout above this level could indicate a stronger bullish retracement, while failure to break above could see a resumption of the downtrend. Resistance Zone (106.000 - 106.500): This area is marked as a premium zone, where significant selling pressure could re-emerge. It’s a key level to target for those looking to capitalize on a potential short-term bullish retracement. Monthly Pivot Level (~104.000): This pivot is crucial for identifying potential market bias. A monthly close above or below this level could set the tone for the remainder of the month. Trade Scenarios for September: 1. Bullish Retracement Scenario: If the DXY continues its recovery from the discount zone and breaks above the equilibrium level: Entry Strategy: Enter a long position on a daily close above 103.500, confirming a bullish breakout. Stop Loss: Set the stop loss below the recent low around 101.000 to protect against a sudden reversal. Take Profit Targets: TP1: 104.500 (near the monthly pivot). TP2: 106.000 - 106.500 (premium zone and strong resistance area). Trade Management: Move stop loss to breakeven after reaching TP1. Trail the stop to protect profits as the price approaches the 106.000 level. 2. Bearish Continuation Scenario: If the DXY fails to break above the equilibrium level or faces strong resistance at the monthly pivot: Entry Strategy: Enter a short position on a bearish rejection at 103.500 or a daily close below 102.500. Stop Loss: Place the stop loss above the recent high around 104.500 to avoid being stopped out by a false breakout. Take Profit Targets: TP1: 101.500 (recent support). TP2: 100.000 - 99.500 (lower boundary of the discount zone). Trade Management: Consider taking partial profits at TP1 and move the stop loss to breakeven. If the bearish momentum continues, let the trade ride towards the lower support zone. 3. Range-Bound Scenario: If the DXY remains range-bound between 102.000 and 104.000: Entry Strategy: Buy near the lower boundary around 102.000 and sell near the upper boundary around 104.000. Stop Loss: For long positions, place the stop below 101.000. For short positions, place the stop above 104.500. Take Profit Targets: For Longs: Target 103.500 - 104.000. For Shorts: Target 102.500 - 102.000. Trade Management: Range trading requires quick decision-making. Be prepared to exit if the price breaks out of the range. Risk Management: Position Sizing: Risk only 1-2% of your capital per trade to manage potential losses. Economic Calendar: Keep an eye on key economic releases, such as U.S. employment data, inflation reports, and any major Federal Reserve announcements, as these can significantly impact the DXY. Conclusion: September could be a pivotal month for the U.S. Dollar Index as it tests key levels that may determine the next major move. Whether you’re trading the potential for a bullish retracement, a continuation of the bearish trend, or a range-bound market, it’s crucial to remain disciplined and follow your plan. Keep monitoring the key levels outlined above and adjust your strategy as new market information becomes available. Happy trading, and may September bring you profitable opportunities!
TVC:DXYLong
by Mike_SnD
Bearish reversal?US Dollar Index (DXY) is reacting off the pivot which has been identified as a pullback resistance and could drop to the 1st support which accts as a pullback support. Pivot: 103.33 1st Support: 102.68 1st Resistance: 103.67 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:DXYShort
by ICmarkets