USDX trade ideas
DXY 4Hour TF - July 20th, 2025DXY 7/20/2025
DXY 4hour Neutral Idea
Monthly - Bearish
Weekly - Bearish
Dailly - Bearish
4hour - Bullish
Higher timeframe trend analysis suggests that DXY is primarily bearish and is currently retracing to potential resistance.
Going into this week we are looking to see if our 98.000 zone will stay as support or transition into resistance. Here are two scenarios which highlight both a bullish and bearish outcome:
Bullish Continuation - Last week we saw a strong rally through our 98.000 zone which seems to still be holding. If this 4hour bullish trend is to continue we would like to see some sort of rejection off 98.000 support while also confirming a higher low. If this happens look to target higher toward major resistance levels like 99.250.
Bearish Reversal- If we are to consider DXY bearish again on the 4hour we would need to see a break below 98.000 support and confirm this level as new resistance.
There are a few major support levels to watch out for but DXY has the potential to fall dramatically if we see price get below 97.500.
DXYThe U.S. Dollar Index (DXY) continues to exhibit a bearish outlook driven by a combination of technical weakness and shifting macroeconomic fundamentals. Market expectations for Federal Reserve rate cuts, coupled with softer U.S. economic data and declining demand for the dollar as a safe-haven asset, have weighed heavily on the index. Technically, the DXY remains below key moving averages, with momentum indicators showing sustained weakness. Unless there is a significant shift in sentiment or a surprise in monetary policy direction, the bias remains to the downside over the near to medium term.
US Dollar Index (DXY) Chart AnalysisUS Dollar Index (DXY) Chart Analysis
The addition of the US Dollar Index (DXY) to FXOpen’s suite of instruments offers traders potential opportunities. This financial instrument:
→ serves as a measure of the overall strength of the US dollar;
→ is not tied to a single currency pair but reflects the value of the USD against a basket of six major global currencies, including the EUR, JPY, and GBP;
→ allows traders to capitalise on price fluctuations in the currency market;
→ is used in more advanced strategies for hedging risks in portfolios sensitive to sharp movements in the US dollar.
In today’s environment of heightened volatility, this instrument becomes particularly valuable. The active stance of US President Donald Trump — through the implementation of trade tariffs, sanctions, and unpredictable geopolitical rhetoric — gives traders even more reason to closely monitor the DXY chart.
Technical Analysis of the DXY Chart
Moving averages show that the US Dollar Index displayed a predominantly bearish trend during the first half of 2025.
However, the picture shifted in July: the index began rising steadily (already up approximately +1.9% since the beginning of the month), highlighted by the blue ascending trend channel.
This suggests that the DXY may have found support following a prolonged decline, and a shift in market sentiment could be underway: after a bearish phase, a period of consolidation may follow. If this scenario plays out, we could see DXY oscillating between the 97.65 and 99.30 levels – both of which show signs of acting as support and resistance (as indicated by the arrows).
This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
DOLLAR INDEX TO COMPLETE WAVE 5 TARGET at 98.866In this short video I dive into the technical breakdown of the U.S. Dollar Index (DXY) as it approaches the anticipated Wave 5 surge, aiming for the key resistance level of 98.866. Using Elliott Wave Theory, this analysis maps out the market’s current structure on the 4 hours timeframe, highlights critical pivot zones, and projects the bullish momentum that could reshape short-term outlooks. Whether you're a seasoned trader or a curious observer, this chart-driven insight offers clarity in the wave progression and what might come next.
DXYDXY refers to the U.S dollar index ,an index that measures the value of united state dollar relative to a basket of six major foreign currencies ,it was originally developed by FED'S
THE SIX MEJOR CURRENCIES ARE ;
.euro,japaneses yen, pounds sterling, Canadian dollar, Swedish krona,swiss franc.
the index is used by investors ,traders and economist to gauge the overall strength of the U.S dollar in a global currency markets. Its rise and fall will influence trade ,investment and monetary policy decision in fx window.
on 4hr we are rejected and i will watch market open and close on Monday for trade directional bias for the following pairs (AUDUSD,USDCAD,USDZAR,GBPUSD,EURUSD,USDJPY,XAUUSD XAGUSD,XCUUSD,BITCOIN )
NOTE;TRADING IS 100% PROBABILITY,RISK MANAGEMENT IS KEY AND GET ACCOUNTABLITY PARTENER WHO WILL BE CHECKING YOUR WORK..
#DXY #DOLLAR
Bearish reversal?US Dollar Index (DXY) is rising towards the pivot and could reverse to the 1st support which acts as an overlap support.
Pivot: 99.26
1st Support: 97.81
1st Resistance: 100.26
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Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
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DXY Indecisive
DXY remains locked in its previous week's range, especially locked in Wednesday's range.
The Thursday rally above Wednesday's high appears to be a fake breakout aimed at trapping traders long.
With stops seemingly below Wednesday (Previous Week Low), how we trade past the previous week high or/and low should inform the unfolding direction.
With a run to the previous week's low and high possible, caution is recommended. Await expansion avoid the surge of new's release in the coming week and the choppiness that could unfold.
U.S. Dollar Index Loses Key Support – Crypto Bull Run Loading?The U.S. Dollar Index (DXY) has just broken below a long-term ascending channel, which has held since 2008. After losing the key horizontal support (~100 level), DXY retested and rejected from it (red circle), confirming a potential trend reversal. The move is technically significant and hints at further downside, possibly toward the 88–90 zone or lower.
This breakdown aligns with classic macro cycles, where a weaker dollar often fuels bullish momentum in risk assets, especially crypto. Historically:
-DXY downtrends in 2017 and 2020–2021 coincided with major Bitcoin and altcoin bull runs.
-DXY strength during 2018 and 2022 contributed to crypto bear markets.
With DXY now below both horizontal and diagonal support, Bitcoin and the broader crypto market may be entering the next expansion phase, especially if the dollar continues its downward trajectory
-DXY has broken below a 17 year rising channel – a macro bearish signal.
-Rejection from former support turned resistance confirms breakdown.
-A falling DXY historically corresponds with Bitcoin rallies and altseason expansions.
-Declining dollar strength could be the fuel that propels Bitcoin past $140K and Ethereum above $6K.
-A dollar bear trend may fuel total crypto market cap breakout beyond $4T+.
As DXY weakens, liquidity tends to rotate into risk-on assets like crypto. This setup mirrors pre-bull run environments seen in 2017 and 2020. A structural breakdown in the dollar could act as a catalyst for Bitcoin’s next major leg up.
Cheers
Hexa
US Dollar Index (DXY) - 4 Hour Chart4-hour performance of the US Dollar Index (DXY) from CAPITALCOM, showing a current value of 98.040 with a 0.23% increase (+0.222). The chart includes recent buy and sell signals at 98.094 and 98.040, respectively, with a highlighted resistance zone around 98.706-99.000 and a support zone around 97.291-98.040. The timeframe covers data from early July to mid-August 2025.
DXY Dollar Index – Ready to Drop
🌪️ DXY Dollar Index – Ready to Drop Like a Hot Potato? 💸
Hey traders! 🎯
The DXY (U.S. Dollar Index) is dancing inside a falling wedge 🔻, and it just hit the top of the party zone (red box 🎁).
📍 We're watching for a bounce up to this red zone near 98.151–98.299, then expecting a big slide down like a rollercoaster 🎢 toward:
🎯 Target 1: 97.907
🎯 Target 2: 97.650
🛑 Stop if it jumps over: 98.299
🌀 Pattern: Ending Diagonal / Wave 5 Setup
🧠 Logic: Smart money might be setting up the final wave before a major fall. Let it pop, then drop!
💡 It’s like the last spark before the fireworks go out 🎆
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#DXY #USDIndex #ForexTrading #Wave5 #PriceAction #ChartPattern #SimpleTrading #DollarDrop
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Let me know if you have ant suggestion ,
DXY Outlook: Can Fed Hold Spark a Move Toward 100?DXY Weekly Forecast – July Week 4
After reaching 96.50 early this month, DXY began showing bullish signs. Last week, price retested the extreme demand zone at 97.00 and closed with a bearish weekly candle that held some bullish pressure at the base.
This week, all eyes are on the Federal Reserve meeting. If the Fed holds rates steady, the dollar could strengthen further. A weekly close above 97.90 would confirm the breakout and open the door to a run toward 100.00 — a key psychological and technical level.
Bias: Bullish (if 97.90 breaks)
Key Zones:
• Demand: 97.00
• Breakout Level: 97.90
• Target: 100.00
This could be the beginning of a fresh bullish leg — especially if macro conditions align with technical structure.
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Weekly forecast by Sphinx Trading
Let me know your bias in the comments.
#DXY #DollarIndex #ForexForecast #SphinxWeekly #SmartMoney #FOMC #USD #InterestRates
DXY 1D – Tipping Point: News or Price Action?Hey Guys,
The DXY index is currently moving within a downtrend. This trend is unlikely to reverse unless it breaks above the 98.950 level.
Sure, key fundamental data could shift the trend, but without those news catalysts, a reversal at this point doesn’t seem realistic.
Don’t forget—98.950 is a critical threshold for the DXY.
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Dollar Index Holds Below 98 as Markets Await Trade Deal ProgressThe dollar index remained below 98 today, extending its two-day decline as investors watched trade negotiations ahead of the August 1 deadline. Treasury Secretary Scott Bessent said deal quality is the priority, suggesting Trump could grant extensions to countries showing real progress.
Markets are also focused on Fed Chair Powell’s speech for signals on interest rates. Despite Trump’s push for a cut, traders are not expecting action this month.