.DXY (U.S.DOLLAR INDEX) M30 ANALYSIS UPDATES
๐ **Chart Overview:**
- The chart shows a recent **bearish movement** after a double top pattern, indicated by the red arrows.
- Price has dropped significantly and is approaching a **key support zone** around **99.209 โ 99.253**.
- A potential **bullish reversal** is anticipated from this support zone.
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๐ง **Trade Idea:**
โ
**Bullish Scenario (Primary Setup):**
1. **Wait for price action** confirmation around the support area **(99.209 โ 99.253)**.
2. Once bullish confirmation appears (e.g., bullish engulfing, pin bar, or double bottom), look for **buy entries**.
3. **First target:** **99.839** (minor resistance zone).
4. **Final target:** **100.607** (major resistance & previous high).
โ๏ธ**Invalidation:**
- If price breaks and closes **below 99.209** with strong bearish momentum, the bullish idea becomes invalid and further downside may be expected.
. ๐งฉ **Strategy Notes:**
- This setup assumes a potential **V-shaped recovery** after a liquidity grab below the recent low.
- Watch for **U.S. economic data releases**, as marked on the chart โ they may trigger volatility and impact DXY movement.
USDX trade ideas
DXY Will Fall! Short!
Here is our detailed technical review for DXY.
Time Frame: 1D
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is trading around a solid horizontal structure 99.769.
The above observations make me that the market will inevitably achieve 96.117 level.
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.
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DeGRAM | DXY dropped below 100 pointsDXY is in a descending channel between trend lines.
On the downside, the price has formed a gap and dropped below 100 pips and has already reached the lower trend line.
The chart maintains a descending structure but has already formed a harmonic pattern and a descending wedge.
On the major timeframes, the index relative strength is in the oversold zone and on the 30m Timeframe it is forming a bullish convergence.
We expect a reversal after a support retest.
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DXY Squeeze Incoming? Watch 99.00 ReactionFundamental Analysis:
The TVC:DXY has weakened as recent data shows GDP growth slowing to 2.4%, inflation cooling to 2.4%, and unemployment rising to 4.2%, increasing expectations of potential Fed rate cuts despite rates holding at 4.5%. Investor confidence has also dropped, with consumer sentiment at 50.8, and the trade deficit still wide at $123B, signaling softer economic momentum.
๐ Projection: Continued soft data could keep the dollar under pressure unless the Fed reinforces a hawkish stance.
โ ๏ธ Risk Level: A strong upside surprise in inflation or employment data could reverse sentiment and push DXY higher abruptly.
Technical Analysis:
DXY is currently hovering around 99.65, just above a key support zone near 99.00 (PWL), where a potential liquidity grab may occur. The RSI is near 30, signaling oversold conditions, which often precede a short-term bounce.
๐ Projection: If price holds above 99.00, a rebound toward the 100.91 gap and possibly 103.19 (PWH) is likely.
โ ๏ธ Risk Level: A clean break below 99.00 would invalidate the bullish setup and open the way to 97.50โ98.00.
Despite long-term support, the dollar is eyeing deeper watersAlthough the US Dollar (USD) Index has connected with a monthly support area between 98.72 and 99.67, Aprilโs lower low at 99.01 reached levels not seen since early 2022 and price crossing below the 50-month simple moving average (SMA) at 101.91 potentially questions this support zone.
Bolstering the likelihood of additional downside in the USD are the daily and H4 charts. The former exhibits scope to reach support at 98.58 (and formed a Death Cross ), while the latter completed a bearish pennant pattern (ruptured the lower boundary), extended from 100.64 and 99.01. As you can see, H4 action is currently retesting the underside of the breached patternโs border.
In view of the above technical surroundings, USD shorts could have some gas left in the tank.
What happens to markets when the dxy rallies?!Scanning through the markets during these turbulent times has me, wondering what would happen when the dollar index rallies to new highs? Will the real estate market be higher? Will Gold be higher? Will inflation be higher? With the great reset well underway and the sheep buying the left- right blame game, what will happen to our beloved investments?
The impact of tariffs on the DXYIn the long term, the imposition of tariffs will trigger countermeasures from trading partners ๐ก, leading to a shrinkage of the global trade scale ๐. The import costs of raw materials for American enterprises will rise, and their export markets will be restricted, which will curb the economic growth of the United States ๐ฉ. This will exert depreciation pressure on the US dollar, causing the DXY to decline ๐.
U.S. Tariff Policies
Since April 9th, the United States has imposed tariffs ranging from 10% to 25% on goods from China, the European Union, Canada, and other regions, covering key sectors such as automobiles, steel, and semiconductors.๐
Countermeasures of Various Countries
China: On April 4th, China announced that it would impose a 34% tariff on U.S. goods starting from April 10th. On April 9th, the tariff rate was further increased to 84%, covering all U.S. goods.๐
The European Union: Announced that it would impose a 25% tariff on U.S. motorcycles, diamonds, and other goods starting from May 16th.๐ค
Canada: Imposed a 25% retaliatory tariff on U.S. automobiles on April 9th, but exempted auto parts.๐
This upward movement has led to the clearing of many traders' accounts or significant losses ๐ซ. You can follow my signals and gradually recover your losses and achieve profitability ๐.
๐ฐ๐ฐ๐ฐ DXY ๐ฐ๐ฐ๐ฐ
๐ฏ Sell@103 - 100
๐ฏ TP 96 - 94
Traders, if you're fond of this perspective or have your own insights regarding it, feel free to share in the comments. I'm really looking forward to reading your thoughts! ๐ค
Bullish IntradayPrice made a higher high at 99.836, breaking the previous lower high. This suggests a potential shift in structure to bullish. Buy Stops Above Highs: The high at 99.836 likely took out buy stops from traders expecting a breakout above 100.000. ICT emphasizes that smart money often hunts liquidity above equal highs or below equal lows. Bearish Order Block: The green box around 99.750โ99.800 (before the drop to 99.500) acts as a bearish order block. This is a zone where institutional selling occurred, leading to the sharp decline. Price briefly retested this zone before rejecting it, confirming its significance. Last scenario would be, Pullback and Reversal: A likely ICT setup would be a pullback to the 99.650 pivot or the 99.500 bullish order block, followed by a move higher to target liquidity above 100.000.
Dixie 41625Still in a long term uptrend and testing the lower range of its rising channel. Uncertainty may bring short term vol to the downside . But once the world understands that this is a global crisis. Dollar will once again gain strength against all others, Euro, Japanese Yen, British Pound, Canadian Dollar, Swedish Krona, Swiss Franc. The dollar will rip to new highs and continue its golden retrace target.
Bitcoin down, which ive said. Gold and silver continue marching up. Real things hold stable and are the only true stores of value.
How far could the USD fall?.. WATCH THE DOLLAR INDEXThe dollar is declining as US uncertainty continues and cash moves out of the US. I personally think the dollar will bounce, but how far could it fall in the meantime...
Price is testing the previous monthly horizontal resistance as support and the monthly 100 SMA. The dollar may find a bottom here. From 98 to 100 on TVC:DXY
Price may reach the monthly bullish channel support. There will likely be technical buyers in this area. From 95 to 96 on TICKMILL:DXY
Good luck!
Dollar Index Monthly Review: Key Support Levels with the help ofIn the first Fibonacci setup, we observe a retracement of the index to the 61.8% Fibonacci level, after which a trendline could be drawn. Applying a second Fibonacci retracement on the chart reveals that the Dollar Index once again found support within the 50.0%-61.8% zone.
In January of this year, the dollar attempted to break above the 110.00 level but encountered resistance at the 61.8% bullish retracement level. This led to another pullback, increasing the likelihood of a decline toward the trendline in the 98.50-99.00 zone. The 100.00 level is expected to act as support, though a temporary dip below this level within a consolidation phase is possible before another solid support is established.
Once a new support base is confirmed, the Dollar Index could initiate the next bullish rally, potentially forming a new high above the 116.00 level.
DXY/USD sell 1D chart analysisThis chart is for the US Dollar Index (DXY) on the daily timeframe (1D) from FXOPEN. It shows a clear bearish trend structure with multiple CHoCH (Change of Character) and Break of Structure (BoS) labels, indicating a bearish market sentiment.
Chart Analysis Summary:
The DXY is in a downtrend, showing successive lower highs and lower lows.
There's a strong supply zone marked in red around the 107.8โ110.8 level.
Price has just broken below a previous structure, suggesting continuation downward.
Trade Setup (SELL):
Entry Point: Around 99.800 (current price zone or slightly after a minor pullback)
Stop Loss (SL): 101.00 (above the most recent high/supply zone and invalidation area)
Take Profit 1 (TP1): 96.000 (first key support zone)
Final Target (TP2): 89.400 (major support zone as seen on the chart)
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DXY SELL SETUP โ Daily Timeframe
The US Dollar Index (DXY) has shown multiple bearish CHoCH and BOS confirmations. Price has broken key structure and is currently retesting a premium area. We are anticipating continued bearish pressure based on trend structure and liquidity targets below.
Entry: 99.800
Stop Loss: 101.000
Take Profit 1: 96.000
Final Target: 89.400
This setup aligns with overall market structure and momentum. Stay updated for management and scaling instructions.
The DXY shows a downward tendency.In the long run, the implementation of tariffs will prompt trading partners to take countermeasures ๐ก, resulting in a contraction of the global trade scale ๐. American enterprises will face higher import costs for raw materials, and their export markets will be restricted, thus curbing the economic growth of the United States ๐ฉ. This will put depreciation pressure on the US dollar, causing the DXY to decline ๐.
U.S. Tariff Policies
Since April 9th, the United States has levied tariffs ranging from 10% to 25% on goods from China, the European Union, Canada, and other regions. These tariffs cover crucial sectors like automobiles, steel, and semiconductors ๐.
Countermeasures of Various Countries
China: On April 4th, China declared that it would impose a 34% tariff on U.S. goods starting from April 10th. Then, on April 9th, the tariff rate was further hiked to 84%, applying to all U.S. goods ๐ .
The European Union: Announced that it would impose a 25% tariff on U.S. motorcycles, diamonds, and other goods as of May 16th ๐ค.
Canada: On April 9th, imposed a 25% retaliatory tariff on U.S. automobiles, while exempting auto parts ๐.
๐ฐ๐ฐ๐ฐ DXY ๐ฐ๐ฐ๐ฐ
๐ฏ Sell@ 100 - 101
๐ฏ TP 98 - 97
Traders, if you're fond of this perspective or have your own insights regarding it, feel free to share in the comments. I'm really looking forward to reading your thoughts! ๐ค
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