DXY -could the dollar be dropping, what does that mean others?If we see the dollar break this level we could see higher prices with other instruments such as the metals and other cryptos.
Lets watch and see what happens.
DOLLARINDEX trade ideas
Bullish forecast on DXYDaily is showing bullishness and possible internal range liquidity to external range liquidity move.
Same with 4h
DXY Trading JournalDXY Trading Journal
Jan 7
Price is delivering to a premium on the M, W, Daily charts.
Fantastic price delivery yesterday. Price took out FVG, equal lows and almost my longer term sell stops. Price trended to the previous NWOG acting like a prefect magnet.
Price delivering in Premium. Rebalancing a H FVG. Its likely that price will complete rebalancing the FVG and rally to the first equal highs, could reach for the second one.
XAUUSD Analysis - 1/6/2025I am still bearish on Gold. We see that Gold rejected a 4H FVG this morning during NY Session that produced a major drop. With this price action, I have a feeling that Gold wants to drop lower. NFP is this Friday so will be cautious and flexible to changing my bias if I see a structure shift on the higher timeframe.
US DOLLAR INDEX In my view, the US dollar index finish the motive wave and will start down trend. the target for sell position is 106.15.
DXY Major reversal Good day traders and investors,
Well, it looks like the dollar has had a major reversal just as expected and right on time. I have been expecting for a couple months now that something big is to be expected by mid September to the latest mid October as the cycle pertains too. The DXY hit the .5 on the fib which is generally a big reversal area, and boy did it reject. It looks like gravestone doji has formed as well. This is stock and crypto positive. What was the news at same time? Surprise!!! More war, now with Israel the "holy Land"
In the seeks to follow look for the dollar to collapse as assets rise.
check the trendIt is expected that the upward trend will continue according to the specified path.
If the support trend line is broken, a continuation of the correction or downtrend is possible
Dxy The US Dollar Index (USDX) is an index (or measure) of the value of the United States dollar relative to a basket of foreign currencies. These currencies are the Euro (constituting 57.6% of the weighting), Japanese Yen (13.6%), British Pound (11.9%), Canadian Dollar (9.1%), Swedish Krona (4.2%) and Swiss Franc (3.6%). The index started in 1973 -with the absolution of Bretton Woods- with a base of 100.000, and values since then are relative to this base. For example, if the current reading says 99.800, this means that the dollar has fallen 0.2% since the start of the index (99.800 - 100.000DXY trades with negative bias for the second straight day, though the downside seems limited. The Fed’s hawkish shift remains supportive of elevated US bond yields and favors the USD bulls. Geopolitical risks and trade war fears might contribute to limiting losses for the safe-haven buck.
Dollar Index HTF Imbalanced FilledPrice of the dollar index has filled the weekly imbalance. Should see a potential pull back from here has President Trumps legislation is unclear for tarriffs etc. Price could pullback and trade sideways and consolidate before Jan 20th. Depending on the amount of executive orders this could cause more volatility later this month.
Some Hints for investing; #DXYPossible direction of the dollar index(DXY) in the long term
-- Caution: I do not believe in trading. Not only do I find it useless, but I strongly urge you not to lose your capital in the trading game. This war has only one winner and that is not you as retail traders. What causes capital growth in financial markets is the focus on investment, persistence in it and the use of compound interest. So, what I am giving you on this page will help you invest and trade in the right markets. At the same time, financial markets are full of risks. If you like gambling, the best place for you is the casino.
As the picture on the monthly/weekly time frame shows, the dollar index is likely to rise, the initial target is the red area. Considering the likely upward movement of this index, pay special attention to the instruments that are against this index, such as stocks, metals, oil, etc.
DXY pullback to kick-off 1Q2024The 5th leg higher over the December period played out as predicted in my previous idea (link below) and the index is currently testing the 61.8% Fibo retracement level at 108.73. The RSI index is however hovering in the overbought zone which may be an indication of the start of a corrective wave lower to kick-off the 1Q2025.
I expect the DXY to depreciate towards the support zone between 106.50 and 107.38 before the index makes another leg higher towards the 2022 high of 114.80. The support zone also coincides with the 50-day MA currently at 106.34.
DXY afternon analysisLong-term analysis of DXY.
Bullish count sees double-combo of March 2008 low, W is a regular flat, X is a zigzag, Y would be a zigzag with target of ~128 and median line of pitchfork to complete wave C of Y.
This move would likely see US10Y targeting 8% in a long-term bond long-squeeze.
2025 DXY ForecastDollar has finally broken out of the range that we have been forming for the past 2 years 2023/2024 to the upside, supporting my previous prediction bullish and I am now confident that we will reach that 115 level if we hold and stay above the support at 107.5, further more I will only look to trade bearish if we break and trade below significant lows like the one at 105.5 if that happens I will be thinking of targeting the 97 area...
Dollar index is in upchannel with retracementDollar index is in upchannel with retracement. Fundamentally & Technically DXY is bullish till channel do not breaks
DXY ... Dollar ideas for the near termMore specific look at TVC:DXY levels and their corresponding relation to past price action..local action but trends are global chart ultra-high to ultra low...or recent ultra-high to -ultra-low
The many crosses at the bottom don't occur much, but they really help to set bottoms...just as few lines in space allow for more wild price action until otherwise met at a higher or lower level...
Always remember, these are charts- not reality. When your chart shows great action and then you look out the window and can't relate- its cause its all a paper game- keep that in mind.
Copper takes at best 17, and at worst 30 years to come online for new supply in regards to a mine. Other than the Congo or South America---not much out there. So chart all you want, but you may be a 3rd of a century older until a magnificent mine gets its first nugget of partially refined ore.
So here is a simple example...If you decided you wanted to be a neurosurgeon but you didnt want to get a specific shoulder sticker- you missed out from 2020 to at least 2023 in some states...now you are 4 years back from college, like 3 or 4 from med school, 6 or so from residency, and 1 to 2 years from actual surgery. Ergo...One action of a few people caused a 3 or 4 year delay, that already takes what 16 or more to complete if done on time and pass everything.
There is no argument here or politics..just facts. Too many Gretas got shares in renewable companies and didnt want Exon or Valero from becoming bigger and more efficient...now what?
#Dollar / #Bitcoin correlation I've previously described the correlation, and it's clear to everyone: a weaker DXY is positive for BTC.
📝Recently, the dollar has grown significantly and seems close to a local maximum (the chart is inverted). This demonstrates the strength of Bitcoin, as it was able to rise even against a strengthening dollar.
💡Imagine its movement when the new administration plans to lower the dollar price like they did last time. I think we will see a similar scenario as in 2017, when the dollar, from a local maximum, begins to provide a tailwind to the movement of assets that trade against it.
DXY is heading towards something big EITHER WAY!This is an ominous looking chart telling us something extreme is likely ahead!
Right now, this trend continues to move up the major arc, which began in the 70s.
If we stay on this road, $160 is a possibility by the 2030s.
If we fall below this arc before reaching the top, LOOK OUT BELOW.
U.S. Dollar Index Analysis: Trendline Breakout Targets $110 ResiThe U.S. Dollar Index (DXY) has shown a strong breakout above a key descending trendline, signaling renewed bullish momentum.
The Power of Negative Correlation: DXY vs. GBP/USDThe relationship between the U.S. Dollar Index (DXY) and GBP/USD exemplifies a classic case of negative correlation in the forex market. As the DXY tracks the strength of the U.S. dollar against a basket of major currencies, a rise in the DXY typically results in a decline in GBP/USD, and vice versa. This inverse relationship reflects the direct impact of dollar strength on the British pound, which makes analyzing both charts together a powerful tool for identifying high-probability trade setups.
In the attached charts, the DXY shows a bullish breakout and retest pattern, suggesting further upside potential as it moves toward the 109.500 level. Meanwhile, GBP/USD mirrors this movement inversely, with a bearish trend forming and a projected move toward the 1.23500 support zone. These complementary patterns not only confirm the negative correlation but also offer insights into potential price action, allowing traders to align their trades with broader market sentiment.
For traders, understanding and leveraging this negative correlation can enhance both risk management and trade timing. By monitoring DXY for signs of dollar strength, traders can anticipate potential downward moves in GBP/USD. This approach, combined with breakout and retest strategies, offers a clear framework for capitalizing on these movements. Keep an eye on key support and resistance levels on both charts for optimal trade entries.
DXY shortExpecting short term short on DXY, we reached monthly sibi, there is unfilled inefficiency. Forex this phase will be long
Apparently, bright days are ahead of DXYDXY has underwent a reversal:
1- A clean inverted head and shoulders
2- A dropping wedge break high (Which is a reversal at the end of the bearish move)
3- Break and retest of the inverted head and shoulders and the wedge simultaneously
4- Ichimoku cloud broken high as well, indicating the shifting trend bias
Expect the target area as marked on the chart either by the end of this year or whenever FED announces rate cuts.
Best of luck and happy trading!
