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
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DOLLARINDEX trade ideas
The US Dollar Index is Decreasing - Positive for Cryptocurrency#DXY #Analysis
Description
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+ 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.
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DXY SWING LONG|
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DXY is approaching a demand level of 103.500
So according to our strategy
We will be looking for the signs of the reversal in the trend
To jump onto the bullish bandwagon just on time to get the best
Risk reward ratio for us
LONG๐
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DXY will likely bounce here.#dxy the USD Index has dumped , oversold and looks likely wants to bounce here. Bouncing here will give the bullish retest to TVC:DXY .
While #VIX the Volatility Index is very strong now, an impulsive move of #dollarindex will surely damage markets sooner or later. This' not a very short term strategy but short / mid term one. Lowering risky positions will be for your goodness.
Not financial advice. Stay safe.
DXY at a Critical Level โ Reversal or Continuation?Welcome back, guys! Iโm Skeptic, and letโs break down the DXY.
If youโve been following my previous analysis, I mentioned that we are currently in a secondary downtrend, and that still holds true. However, itโs wise to gradually reduce risk and secure profits earlier for two key reasons:
1๏ธโฃ We are approaching a critical support zone โ the 60% Fibonacci retracement, which aligns with multiple key support levels.
2๏ธโฃ The weekly candle structure โ Looking at the weekly chart, weโve already hit the four-week pivot point, meaning the market could either range here or even start a price reversal.
Interesting stat: So far, this weekly candle is the largest since November 202 2 and the second-largest since March 2020, which signals significant market movement.
4H Timeframe Breakdown
In my last analysis, I mentioned:
๐จ The main short trigger is at 106.188, but depending on momentum, we could potentially enter even earlier on lower timeframes.
Now, 104.250 has already been broken, and the next key support sits at 103.398.
๐น If youโre holding short positions, this 103.398 level is a great zone to secure profits.
๐น No new triggers for now โ I donโt expect immediate continuation, and as mentioned, we could see a range formation or even a reversal from here.
Letโs see how price action develops. See you in the next analysis! ๐ฅ๐
USD index $DXY to 100In this blog space we have discussed the FX:EURUSD and TVC:DXY index on 9th Feb. We said it looks like the FX:EURUSD is forming a local bottom, and the chart was showing lot of resilience. And we said that the next stop on FX:EURUSD will be 1.062 which it has recently surpassed. We also prophesized that because 60% of the TVC:DXY is EUR we might see more weakness in USD.
And now we see the TVC:DXY is below its 0.612 Fib retracement level @ 105. In the short term it is heading to 0.5 in the short term @ 102. We have seen that the index always bounced back when TVC:DXY is @ the psychological level of 100. If the TVC:DXY breaks below the support level @ 100 then it might go to 99 and eventually to 95.
But this USD weakness is not bringing any good news to the Stocks and Crypto. We have to wait until we see a final capitulation in $DXY.
If TVC:DXY goes to 95 then FX:EURUSD above 1.15.
the gap closedTVC:DXY CAPITALCOM:DXY
After breaking the trend, which was previously identified, the target areas were reached and the gap was closed.
The bleeding may continue, we are waiting for the behavior at 103, and if the price breaks this area and we do not witness a rebound from here, I think we will continue to decline to 100.
here the chart when the price was at 107 and these areas were pre-defined .
US Dollar Is Falling ImpulsivelyTrump tariffs and trade wars continue to dominate the market, and we have seen a strong sell-off in the US dollar recently. This reinforces the idea that the US may not win this battle easily, as some other countries have already responded and are trying to hit back. So itโs not a surprise that in this uncertainty stocks are also in a consolidation, but approaching a potential support.
Finally the USD is coming down, now breaking some key support at 106 which is an important indication for a resumption of a downtrend, especially if we consider that the current sell-off is sharp and can be third of a third wave.
So, a bearish trend can stay in play for much lower levels, mainly because Tariffs are delayed again, until April 2nd. Markets are stabilizing and recovering, while USDollar - DXY remains under bearish pressure with space for more weakness. Risk-On sentiment back?
DXY on high time frame
"Hello traders, focusing on DXY on high time frames, as per my previous analysis, the price has shifted towards a bearish direction. The price has reached the 110 zone, and candle formations are indicating a downtrend. I anticipate further pullback towards the 108 zone and potentially lower prices thereafter."
If you have any specific questions or need further assistance with your message, feel free to let me know!
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!
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.
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DXY looking for a final push higher before collapse.The U.S. Dollar index (DXY) has been on a strong decline recently, having even broken below its 1W MA50 (blue trend-line).
The multi-year trend is however bullish, a Channel Up pattern since the 2008 market bottom. With the use of the time Cycles tool, we can estimate when the next Bullish Leg starts, and that's not before 2027.
Based on the previous Channel Up corrections (red Channels) we should be expecting one final push towards Resistance 1, before a long-term decline and completion of the Bearish Leg.
As a result, as long as the 1W MA200 (orange trend-line) holds, we can take a low risk buy and target the 112.000 - 114.000 Zone.
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U.S. Dollar Index (DXY) Analysis โ 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 96โ98 range.
A confirmed move below 102.28 will validate a stronger bearish move.
USD Index Drops Sharply โ Watching for Reversal SignalsSo far, it has been a rough week for the USD, with the index dropping from the 107 zone to 104 and breaking below the key 106 support level.
However, the DXY is currently seated on strong support, and a relief rally could be imminent.
Iโm closely watching for signs of a reversal for confirmation while keeping an eye for short trades on EUR/USD and GBP/USD.
DXY will go first to 95 and then 86.Hi, another dollar index DXY chart today.
You can make many predictions about how the world will be in the future, I have all just cycles + structures and charts.
At this point, that opinion may not be in line with those policy statements by world leaders. But we're not here to discuss politics.
Best regards EXCAVO
DXY, About to rally upwardHello guys,
A short quick update on dollar index, we are going to see a temporary upward rally in the dollar index, I am just posting the low hanging fruit target which is very high probability to achieve. and we will defiantly see the momentum changing from bearish to bullish.
NFP protocol: Keep the risk low