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.
USDX trade ideas
DXY Local Long! Buy!
Hello,Traders!
DXY made a retest of
The horizontal support
Of 107.921 and we are
Already seeing a bullish
Rebound so we will be
Expecting a further move up
Buy!
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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
Pattern suggests tough sledding for USDHere's a look at the strength of the U.S. Dollar over the last 3+ decades.
I'm not here to talk about politics, nor am I interested in discussing the effects of economic policy on the value of the U.S. Dollar. Frankly, I don't really care. What I am interested in are patterns, and I think this one is interesting enough to share.
Sure, this time around could be different, but I certainly wouldn't bet on it.
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.
DXY FORECASTIn this forecast we are analyzing 1H time frame for finding the upcoming moves. Today I'm looking for buy opportunity. As we know that market create a clear break of structure and price continue moving upside. If this high is valid than market will need inducement or liquidity, so I'm expecting from market that price first came down and hunt previous SSL and than continue moves in upward direction. Let's delve deeper into these levels and potential outcomes.
Use stoploss for your trade.
Always use proper money management and proper risk to reward ratio.
This is just my prediction.
#DXY 1H Technical Analyze Expected Move.
Mighty Dollar Eyes Further GainsThe US Dollar Index (DXY) commenced the new year on a strong note, breaking out of its consolidation phase and surging toward the 109.50 level on January 2.
◉ Technical Observations
● The daily candle close on Friday formed an inside bar bearish candle, indicating a potential pullback in the week ahead.
● Immediate support levels are situated between 107.50 and 107.00.
◉ Market Outlook and Key Events
The US jobs report comes out on Friday and will be the main focus for the market this week. A strong jobs report could strengthen the US dollar, affecting emerging markets and commodities.
Bearish drop?US Dollar Index (DXY) has reacted off the pivot and could drop to the 38.2% Fibonacci support.
Pivot: 109.64
1st Support: 108
1st Resistance: 110.93
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DollarDXY - U.S Dollar Index
Completed " 12345 " Impulsive Waves
Break of Structure
Rising Wedge as an Corrective Pattern in Short Time Frame
RSI - Divergence
Change of Characteristics
DXY Continues bullish momentum from 108.600For the DXY, I anticipate a corrective move, as the price has recently broken structure to the upside. This break has created new demand zones, which we can expect to act as strong support, allowing bullish momentum to continue.
This week, my focus will be on the 8-hour demand zone around 108.600. If the price mitigates this zone, I’ll look for lower time-frame confirmation to enter a trade. My target will be the 8-hour supply zone above, where I anticipate some bearish pressure may emerge.
However, if the price moves lower and breaches the 8-hour demand zone, I’ll shift my attention to the extreme 5-hour demand zone for a potential buying opportunity, aligning with the overall bullish trend.
Let’s stay sharp and make the most of this week. Let’s crush Q1!
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.
DXY SELL IDEADXY is currently in its 5th wave, the wave 5 is the completion of the bullish trend, i am expecting a change of market direction once the red trendline i drew is broken, i call that the risk trendline. For entries; look for the break of risk trendline and set your SL above the high. This is a swing setup, so you have to be patient, take into account risk management, all emotions aside, we are trading not playing.
$dxy 104.5 Hola ,
so we poke above the multi year pennant and bouncing of the 7 ema
rsi topped out and looking for a test of 104.5 before it starts accelerating
let see what happens to our metals with this obviously reclaim 108.2 and this idea is invalidated
but with Sivler doing a sweep of a key level and reclaiming $29 am still holding my spot and waiting on $35 to be broken
let see what we get soon
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 Potential UpsidesHey Traders, in tomorrow's trading session we are monitoring DXY for a buying opportunity around 108.300 zone, DXY is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 108.300 support and resistance area.
Trade safe, Joe.
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 : The D is strongThe chart above explains.
As I explained previously, there is still some juice left - approx 25% - for the dollar to advance.
The more it moves UP, the more 'expensive' it becomes, until eventually, demand evaporates - as with all $--denominated assets.
As always, watch the US10Y.
Good luck.
DXY Reversal Zone We are expecting Dollar strength towards 110 above level and before that every time it will fall, its a chance to look for buy setups.
THE US DOLLAR (DXY) // primary long expansionThe last impulse, that is visible even on the weekly chart, broke the weekly structure.
The emerging countertrend only came back to 23.6, but tested the weekly (and H4) breakout, and turned up in the direction of the primary trend.
This is the expansion phase with a target of 109.00, and it is valid until the structure breaks on H4.
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We may not know what will happen, but we can prepare ourselves to respond effectively to whatever unfolds.
Stay grounded, stay present. 🏄🏼♂️
Your comments and support are appreciated! 👊🏼
DXY Is Going Up! Long!
Here is our detailed technical review for DXY.
Time Frame: 9h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is approaching a key horizontal level 108.922.
Considering the today's price action, probabilities will be high to see a movement to 110.143.
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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