DOLLARINDEX trade ideas
DXY Jan. 2025All currencies appearing in this post are fictitious.
Any resemblance to real currencies, existing or dead, is purely coincidental.
KURDFX11 INDEX USDA small explanation.
By breaking the second zone, the dollar drops to the bottom zone.
DXY Will Move Higher! Buy!
Here is our detailed technical review for DXY.
Time Frame: 12h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is approaching a key horizontal level 109.412.
Considering the today's price action, probabilities will be high to see a movement to 110.871.
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.
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Inauguration Week: Will the Rally Endure?The FX market is bracing for a potentially volatile week, with the US presidential inauguration coinciding with crucial economic data releases. This confluence of events could trigger significant uncertainty and trading opportunities.
Dollar's Strength and Potential Vulnerability
The US dollar has been on an impressive rally, fueled by expectations of policy shifts, monetary policy divergence, and strong economic data. However, this upward momentum could be vulnerable to a correction, particularly if upcoming economic data disappoints or if the inauguration triggers unexpected market reactions.
Technically, the US Dollar Index (DXY) is facing resistance around the 110 level. A break above this level could signal further upside potential, while a failure to break through could lead to consolidation or a minor correction back towards 108.00.
BoJ Rate Decision in Focus
This week also features key central bank meeting. The Bank of Japan (BoJ) is widely expected to raise interest rates by 25 basis points, potentially impacting the Japanese yen. USD/JPY is currently hovering around the 157 level. A hawkish BoJ could trigger a sharp appreciation of the yen, sending USD/JPY tumbling back towards the 152-150 zone. Conversely, a dovish stance could reignite the dollar's dominance against the yen, potentially pushing USD/JPY towards the recent high of 162.00.
Eurozone PMI Data and the Euro's Outlook
The Eurozone will release its latest Purchasing Managers' Index (PMI) data. Weaker-than-expected PMI figures could further weigh on the euro, which has already faced pressure from the dollar's strength. EUR/USD is on a gradual descent, with a strong possibility of reaching parity (1.0000) within the first quarter of 2025. The pair recently bounced off the 1.0200 level, which now acts as a critical support. A decisive break below this level would significantly increase the likelihood of the pair reaching parity.
Other Key Currencies:
● British Pound: The pound remains vulnerable amid concerns about the UK economy. GBP/USD has broken below key support levels and is currently testing the 1.21 area. A break below this level could signal further downside potential.
● Australian Dollar: The Australian dollar is sensitive to developments in the Chinese economy. AUD/USD is trading near a key resistance level at 0.6200. A failure to break above this level could lead to further declines.
● Canadian Dollar: Canadian inflation data will be released this week, potentially influencing the Bank of Canada's monetary policy decisions. USD/CAD is currently testing a resistance zone around 1.4450. A break above this level could open the door for further gains.
*This is a market analysis, not trading advice. Trade responsibly and do your own research.
DXY (INDEX) analysis This chart shows the U.S. Dollar Index (DXY) on the 1-hour timeframe. Key observations:
1. **Support Zone**: The shaded grey area around 108.800–109.000 is acting as a strong support zone, with multiple rejections visible.
2. **Rounded Retest**: There seems to be a rounded retest pattern forming, suggesting bullish momentum might build if the price sustains above this level.
3. **Structure**: Break of structure (BOS) and change of character (ChoCh) markers indicate recent shifts in momentum. The latest BOS suggests the potential for bullish continuation.
4. **Key Resistance**: Immediate resistance is visible near 109.400–109.600. A breakout above this could lead to further upside.
5. **Strategy**: Watching for bullish confirmation above the support zone or at breakout levels could be prudent. Alternatively, failure to hold this zone may lead to bearish pressure.
Dollar for the Week of 13 JanuaryBearish Dollar because it hit already the W OB and it's inside the W SIBI, so it take also a liquidity from second January's high.
We can wait a retracement lower for Dollar, it means all major pairs can be higher.
posibility of uptrendDue to the behavior of the indicator within the current resistance level, possible scenarios have been identified. It is expected that the upward trend will continue.
DXYWe stongly bullish, as we can see we from a storng psycological level and price rejected multiple times that zone. And adding as weekly cot report DXY is strongly bullish. The next strong resistance zone is 110
Market Forecast $SPX (Jan 19th—> Jan 24th)### **Market Forecast (Updated 1/19/2025)**
SPX - Market held the MOB level I mentioned last week, we are starting to bounce and move up.
Ideally we should be looking for buy opportunities.
Next resistance: 6050 and 6,136
Next support: 5,920 followed by 5,832
Weekly Sentiment: Bullish
DXYDXY - U.S Dollar Index
Rising Wedge as an Corrective Pattern in Short Time Frame
Break of Structure
RSI - Divergence
Completed " 12345 " Impulsive Waves
RSI - Divergence
Long DXY A break and close of 109,553 on H1 timeframe will be a good long entry to the FE 100 level.
Bearish drop?US Dollar Index (DXY) is rising towards the pivot and could reverse to the 1st support.
Pivot: 109.59
1st Support: 107.46
1st Resistance: 111.96
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.
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Viper Sunday Weekly Setup Jan19th 2025Weekly setups go over the bigger look into the markets of the past and upcoming weeks. We cover DXY, Indices, Forex and of course gold within our 3 trading strategies.
With Trumps inauguration tomorrow this promises to be possibly a wild and volatile week in the markets as news and action combine to paint the picture of 2025. Looking forward to this week.
DXY , IS Still Bullish ??!we have Retrecement of Daily FVG and maked Bullish OB ( CISD , Change In State Of Delivery )
i think this Weeky DXY is too bullish ! until Buy Side Liquidity !
This is NOT Signal , just my analysis !
Dollar Index Bullish to $111.350!While many people are turning bearish on the Dollar right now & targeting long term downside targets, I remain bullish on the DXY in the mid term. We have 2 zones from where bullish momentum will continue👇🏻
Zone 1: Current Market Price @$109📈
Zone 2: Supply Zone @$107-106📈
I would like to tell friends that the dollar will fly in the skyI would like to tell friends that the dollar will fly in the sky in the penultimate wave.
$MMBM DXY 1HTop-down analysis: when evaluating the DXY monthly chart, we identify a bullish movement forming, targeting external liquidity. Based on this, in the lower timeframes, we are aligning our bullish flow to set up the DOL and define the biases for the week and the upcoming days.
$MMBM DXY 4HTop-down analysis: when evaluating the DXY monthly chart, we identify a bullish movement forming, targeting external liquidity. Based on this, in the lower timeframes, we are aligning our bullish flow to set up the DOL and define the biases for the week and the upcoming days.
$DXY MMBM DAILYTop-down analysis: when evaluating the DXY monthly chart, we identify a bullish movement forming, targeting external liquidity. Based on this, in the lower timeframes, we are aligning our bullish flow to set up the DOL and define the biases for the week and the upcoming days.
$DXY MMBM MONTHLYTop-down analysis: when evaluating the DXY monthly chart, we identify a bullish movement forming, targeting external liquidity. Based on this, in the lower timeframes, we are aligning our bullish flow to set up the DOL and define the biases for the week and the upcoming days.
DXY on high timeframe
"Concerning DXY, the price is currently in a critical zone on the monthly timeframe. I foresee two scenarios:
1. If the price closes above the mentioned zone on the daily timeframe and forms a (FVG) on lower time frames, it could present a good opportunity to buy DXY after completing its pullback.
2. If the price fails to close above this zone and only sweeps liquidity, I will be observing candle formations and considering a sell-off towards the 107 zone."
I would like to tell friends that the dollar will fly in the skyI would like to tell friends that the dollar will fly in the sky in the penultimate wave.
