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DXY trade ideas

DXY - Potential Sell At Key ResistanceThe DXY is approaching a key resistance zone, which has historically acted as a strong supply area. This level has seen multiple price rejections in the past, making it a critical area of interest for potential reversals. The current uptrend has brought the price back into this resistance zone, but there are signs of potential trend exhaustion as the price tests these levels. If the price confirms rejection with bearish signals, such as reversal candlesticks or divergence on oscillators, we could see a downward move. I anticipate that, upon rejection from this resistance zone, the DXY may head lower toward the 107.548 level. This setup aligns with the idea of a short-term correction within the broader market context. Let me know your thoughts on this analysis or if you see a different perspective! Feel free to share your insights in the comments!
TVC:DXYShort
by DanieIM
1
Technical Take: USD Support in Play across Key TimeframesAccording to the US Dollar (USD) Index, the USD finished the week on the ropes, down 1.8%. Despite the growing sense that US President Trump may not live up to the hype of his pre-inauguration statements – placing a question mark on USD upside – technical studies appear to favour bulls. Long-Term Technicals Favour Bulls Technically speaking, I have been banging the drum for monthly resistance at 109.33 for quite some time now, which, as you can see, recently entered the fray and held ground. For anyone interested, I am a staunch advocate of yearly opening levels, and 109.33 has demonstrated a solid track record as a support and resistance – extended from as far back as 2001. However, while a notable area, several technical factors support USD bulls. This includes the overall trend facing to the upside, clear (local) support at 105.91-107.39, both the 50-month (101.09) and 200-month (91.16) simple moving averages (SMAs) rotating higher (the 50-month SMA has also been north of the 200-month SMA since early 2017), and, finally, the monthly chart’s Relative Strength Index maintaining position north of the 50.00 centreline since 2021 (positive momentum), albeit scraping the threshold several times since 2023. Consequently, it would appear that sellers have their work cut out for them. Daily and H1 Support Enters the Fight Across the page on the daily chart, Friday wrapped up the session probing through bids at support from 107.77 (now marked resistance) and touched gloves with the 50-day SMA at 107.58, as well as a 61.8% Fibonacci retracement ratio at 107.24 (note that support is also present nearby at 107.05). Although you could argue that the earlier break of trendline support (extended from the low of 100.18) may fuel further technical downside, current support between 107.05 and 107.58 is not an area to overlook, particularly when it blends with the upper edge of monthly support (107.39). Were buyers to take control here, 107.77 resistance is an obvious hurdle before confirming a bullish scenario on the daily scale, while rupturing support could unearth another support as far south as 105.62. Shorter-term flow on the H1 chart is in a clear downtrend, consisting of a series of lower lows and lower highs. Given the break of clear lows around 107.70ish (blue oval area), this intensified downside pressure through tripped long positions and fresh breakout selling. I have been monitoring a key support level from 107.25 for a while, and I believe it may be a platform where buyers begin building a position. This is due to where we are trading from on the bigger picture (monthly and daily support) and fresh liquidity available from the break of short-term lows at 107.70. As you can see, together with the H1 support, a 1.618% Fibonacci projection ratio at 106.86 (harmonic traders may recognise this as an ‘alternate’ AB=CD bullish setup) and a 100% projection ratio at 106.84 (equal AB=CD formation) resides below current support, which buyers may use as their lower threshold to construct a support zone with 107.25. We have already witnessed some buying from 107.25 on Friday. Still, if the daily resistance from 107.77 is consumed, this would likely encourage buying and eventually pave the way toward the monthly resistance mentioned above at 109.33, closely shadowed by another layer of daily resistance from 109.53. Written by FP Markets Market Analyst Aaron Hill
TVC:DXYLong
by FPMarkets
Head and Shoulders pattern on the 4-H, for DXY US Dollar IndexTVC:DXY This chart shows a clear Head and Shoulders pattern on the 4-hour time frame for DXY (US Dollar Index), which is a bearish reversal pattern. Here's a short analysis: Key Levels: The neckline is at approximately 108.000, acting as a crucial support zone. A breakdown below the neckline would signal further bearish momentum. Pattern Confirmation: Wait for a breakout below the neckline, followed by a possible retest, to confirm the pattern. Bearish Target: The measured move from the head to the neckline can be projected downward, aligning with the next key support levels around 107.000–106.500. Invalidation Zone: If price breaks above the right shoulder high (around 108.800–109.000), the bearish scenario could be invalidated. Would you like to explore specific trade setups based on this pattern? Here’s how you can structure trade setups based on the Head and Shoulders pattern visible in the chart: 1. Bearish Setup (Breakout Strategy) Entry: Enter a short position after a confirmed breakout below the neckline (108.000). Wait for a strong bearish candle close below this level. Stop Loss: Place the stop loss above the right shoulder high at 108.800–109.000, depending on your risk tolerance. Take Profit Targets: 1st target: 107.500 (psychological level and near-term support). 2nd target: 107.000 (projected move based on pattern). 3rd target: 106.500 (long-term support zone).
TVC:DXYShort
by TRADE_CENTER_1
DXY Update - H & S Pattern & FEDDear Friends, Keynote = Fed Interest Rate Decision: 29th of January. How I see it: I've indicated the gap on the 1D TF - It might be insignificant, or It might only be filled on the next swing return. The head and shoulder pattern + 1D candle body close below key support might indicate further downward pressure. 107.000 to 108.000 is a very big key area of confluence. A strong "breakout and hold" on either side, will offer strong confirmation of direction. Thank you for your time reading my analysis !
TVC:DXY
by ANROC
1
DXY Trading Journal DXY Trading Journal Weekly Analysis Price is delivering to a premium on the HTF M, W. Price kissed the HFT .70 level last week, which is also the 75% quarter mark of the M SIBI from 2002. Must be random....lol Price continued this week to seek lower prices rebalancing inefficient delivered price and take out the clean equal lows. Finishing in a discount wicking to the .618. Fridays candle body stoped on the CE of the W BISI. Could be break of structure on HTF, or price following algorithmic price theory weaving between premium to discount. With Price delivering to a discount on the daily range and potential of a institutional quarterly shift, Im going to be patient to read if price is going to bounce up off that .618 or start trending to a bear market.
TVC:DXY
by LeanLena
DXY Will Go Up! 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 107.464. Current market trend & oversold RSI makes me think that buyers will push the price. I will anticipate a bullish movement at least to 109.437 level. P.S The term oversold refers to a condition where an asset has traded lower in price and has the potential for a price bounce. Overbought refers to market scenarios where the instrument is traded considerably higher than its fair value. Overvaluation is caused by market sentiments when there is positive news. Like and subscribe and comment my ideas if you enjoy them!
TVC:DXYLong
by SignalProvider
1
Trading Idea for EUR/USD with Confirmation from DXYThe DXY chart shows a QML (Quasimodo Level) already confirmed through a BOS (Break of Structure). The next step is a return to the OTE (Optimal Trade Entry) zone, where the daily order block (OB) is located. On DXY, we expect a reaction to the daily OB or the 4-hour GAP, signaling further index downside and confirming long entries on EUR/USD. Scenario for EUR/USD: DXY reacts to the daily OB or 4-hour GAP, confirming its decline. This confirmation supports opening long positions on EUR/USD. Entry on EUR/USD is made at the OTE zone from the daily OB. An additional entry point is the 4-hour FVG on EUR/USD. Strategy: Confirmation: Reaction to the daily OB or 4-hour GAP on DXY. Entry: Long EUR/USD from the daily OB or 4-hour FVG. Stop-loss: Beyond the OB boundary. Take-profit: At the true supply level. Using DXY’s reaction as confirmation helps minimize risks and improves entry precision.
TVC:DXY
by KaraTrade01
2