USDX trade ideas
DeGRAM | DXY growth in the channelThe DXY is in an ascending channel between the trend lines.
The price is moving from the lower boundary of the channel and dynamic support, which has already acted as a rebound point twice.
The chart has formed a harmonic pattern.
The index will continue to grow after consolidation above the 62% retracement level.
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DXY- Trade Plan 11/02/2025Dear Traders,
I expect price will be start correction to 105.200 Area ,
Now price started downward movement (Descending Channel)
i have 2 Scenario`s for Correction
1- Start correction from 108.600-108.700
2- Start Correction from 109.000-.109.100
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$DXY Weekly Analysis: Bearish Divergence and Trendline Breakdown
DXY Shows Bearish Divergence and Breakdown – Bullish Implications for Bitcoin, Gold, and Forex
The U.S. Dollar Index ( TVC:DXY ) has formed a clear bearish divergence on the weekly timeframe, indicating potential downside momentum. Additionally, it has lost key trendline support, further confirming weakness in the dollar.
Key Support Levels for #DXY
Next Major Support: 102 - 100 zone
If the 110 support level is breached, DXY could experience a sharp plunge, accelerating further downside.
Bullish Impact on Bitcoin, Altcoins, Gold, and Forex
Since the DXY moves inversely to risk assets and other currencies, its bearish outlook could support:
✅ #Bitcoin & #Altcoins: Potential for upward momentum
✅ #Gold: Increased demand as a hedge against a weaker dollar
✅ #Forex Markets: Currencies like EUR, GBP, and others could gain strength against the USD
The current bearish divergence and breakdown of trendline support in DXY suggest continued dollar weakness. If key support levels fail, we could see strong rallies in Bitcoin, altcoins, gold, and major forex pairs in the coming weeks.
ABC Correction perfection A Beautiful ABC pattern
Lines up perfectly with :
- Previous range Point Of Control
- Previous month Value Area Low
- A Daily Naked
- The 1 to 1
- Global Swing Low Avwap
Elliot wave theory
I expect early next week being hit. Then target the highs for a wyckoff distribution pattern.
People are already positioning EU swing longs, without a spring.
We need to punish dem early bulls 🏌️♀️
CAPITALCOM:DXY OANDA:EURUSD CME:6E1! ICEUS:DX1!
DXY hovers near the ascending channel's support at 107.50Technical Perspective:
DXY pared recent gains as the price approached the ascending channel's lower bound and support at 107.50, which coincides with the 78.6% Fibonacci extension and 61.8% Fibonacci retracement. If DXY rebounds above 107.50, the price could gain upward momentum and retest the 109.50 resistance, which aligns with the 78.6% Fibonacci extension. Conversely, a break below the 107.50 support level could prompt a steeper decline toward the next support at 105.50.
Fundamental Perspective:
Hot inflation data in the US has spurred speculation that the Fed will not have much room to cut rates this year. Fed Chair Powell echoed this sentiment, indicating that the central bank will keep interest rates at restrictive levels.
Consequently, bond yields soared, with the US 10-year Treasury hovering around 4.6%, putting pressure on equities, though tech stocks remain resilient. Fed's hawkish stance and the inflationary nature of trade tariffs could continue to support the US dollar's strength.
Author: Li Xing Gan, CMT, CFTe,
Financial Market Strategist Consultant to Exness
DXY Trading JournalDXY Trading Journal
Feb 13
I like how Price did seek to complete rebalancing the Volume gap and lowered to just shy of .79. Spot on analysis, celebrate!
Then I suggested that Price would react at that level and it did.
Today Price opens in a double discount on the previous days range, and session range.
Its likely that Price will gravitate to 15M and rebalance in Asia and London. Will it lower to the sell side equal lows, before seeking higher Price in NY? News In New York which is really pushing price around in search of liquidity. Im mainly bullish looking for longs!
DXY: Dollar Surges Amid Inflation Pressures! Hi Traders
Since the CPI came in higher than expected (0.5% vs 0.3%), this signals continued inflationary pressures, which may lead the Federal Reserve to delay interest rate cuts or even consider raising them if inflation continues to rise.
The dollar could gain strength 💪 due to expectations that the Fed will remain hawkish. Markets may experience significant volatility ⚠️, especially in dollar pairs and U.S. indices.
DXY Analysis Before CPI News📊 DXY Analysis Before CPI News
🔹 The price is still bouncing from the marked zone, showing some buying strength.
🔹 But be cautious! Today's CPI news will have a significant impact on the dollar.
🔹 If CPI comes in weak, we might see a bearish breakout below this zone.
🔹 On the other hand, if CPI is strong, it could support a further bounce upwards.
💬 What do you think about the possible scenarios? 🚀
DXYThe U.S. Bureau of Labor Statistics is releasing the Consumer Price Index (CPI) report, with forecasts anticipating an annual CPI increase of 2.9%, matching the previous reading. The core CPI, excluding food and energy prices, is predicted to remain above the Federal Reserve's (Fed) target at 3.1% year-over-year. Monthly forecasts suggest a 0.3% increase in both CPI metrics.
Potential Market Impact:
US Dollar (DXY): The CPI data might influence the US Dollar’s (USD) price action in the short term. Higher-than-expected CPI figures may strengthen the USD, while lower figures could weaken it. Rising inflationary expectations may get a nod if the US CPI comes in higher than expected. The US Dollar Index is rallying off range support, opening the door for extended gains if the CPI data fuels a DXY rally.
A stronger dollar typically has a negative correlation with the price of gold, as gold is often priced in U.S. dollars while The Fed is expected to maintain its hawkish stance. The market anticipates the central bank will likely begin its easing cycle in June
there is on going Uncertainty about tariffs and trade policy change which could weigh on the US Dollar Index (DXY). The rising inflationary expectations may get a nod if the US CPI comes in higher than expected, while any new tariff announcements will likely add to the USDs appeal.
If the core CPI m/m exceeds the expected 0.3%, the US Dollar Index (DXY) could experience a boost
A higher-than-expected core CPI reading could make it more likely that the Federal Reserve will continue to raise interest rates
Higher interest rates typically make the dollar more attractive to investors, leading to increased demand and a stronger dollar
An increase in the CPI prints, particularly the core reading could then in theory be responsible for another leg higher in the US Dollar index (DXY
EURUSD,AUDUSD,GBPUSD,USDJPY,USDZAR,USDCHF, will be watched on highers than expected data print to win in the direction of DOLLAR
US Dollar Currently the price is in a consolidation where we have sellers dominating. The participants are price takers and we need more buyers to continue and so we need more demand. to make the market there must give the opportunity to people to come and buy therefore come to the level of the price takeoff in a demand zone of January 27 and there people can buy to create a new high
Highlights of J.Powell's monetary policy testimony1. Interest rate outlook: Reiterating that there is no need to rush to adjust interest rates. If the economy remains strong and inflation does not get close to 2%, policy can remain prudent for longer. If the labor market weakens unexpectedly or inflation falls more than expected, policy could be loosened modestly.
2. Inflation situation: Long-term inflation expectations appear solid. Inflation is close to the 2% target, but still a bit high. Focus on achieving your dual goals. The Fed's framework review will not focus on inflation targeting.
3. Labor market: Unemployment rate remains low and stable. The labor market situation has cooled after the previous overheating period and remains solid, not becoming a source of inflationary pressure. The labor market situation in general remains balanced.
4. Banking supervision: Commit to adjusting banking supervision activities, avoiding creating excessive burdens for banks. It is necessary to reconsider the "non-bank" issue. Committed to the ultimate goal of completing Basel III.
5. Long-term interest rates: The Federal Reserve cannot control long-term interest rates, and the reason long-term interest rates are high has nothing to do with Federal Reserve policy. Long-term interest rates are determined by supply and demand in the bond market.
6. Tariff issue: I still maintain my previous view that countries implementing free trade will have faster economic growth. The Federal Reserve declined to comment on the Trump administration's tariff policy.
7. Housing issues: Fannie Mae and Freddie Mac may lower mortgage rates. Even as interest rates fall, the housing shortage continues. It is unclear whether interest rate cuts will lead to a reduction in housing inflation.
8. Other highlights: If the Consumer Financial Protection Bureau (CFPB) is shut down, there will be a gap in consumer compliance protections. There is no possibility of launching a central bank digital currency.
DXY Trading Journal Feb 12DXY Trading Journal
Feb 12
HTF price is rebalancing a weekly SIBI and a daily SIBI.
Monday Price continues to deliver in a premium, and first seeks lower prices to rebalancing the volume gap. Note how it worked the upper portion of the imbalance indicating that it is a bearish. Prices closes in the lower half of the FVG.
Note how for the daily range is so heavy it can not even make it to 50 level.
Note how price created equal highs.
Note how Price did a raid on buys stops on late Monday to set up seeking lowers prices Tuesday.
Price opens Tuesday heavy seeks to rebalance the volume imbalance and seeks the sell stops target. Classic take liquidity and lower.
Today Price is opening in a Premium on previous days range and current range. I suspect that Price will seek to complete rebalancing the Volume gap it is in right now. Potentially could come as low as the .79 level watch for reactions.
DXY Possible ideaDXY has been bullish for quite some time now. From what we can see, it has been breaking highs with momentum. It has recently retraced back just above an unmitigated demand zone, where lots of liquidity is currently hovering above. It could use this liquidity to fuel its move to the upside after it mitigates this demand area, breaking the latest weak high that awaits a liquidity run.
Daily CLS, Order Block Midpoint, Model 1Daily CLS, Order Block Midpoint, Model 1.
At the moment price action is still bullish. I would like to see a reaction on the levels below. If we lose these levels then HTF reversal is in play.
Don't hesitate to comment with your thoughts and share your charts or questions below, I like any constructive discussion.
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DXY 4hBearish reaction from -OB , we find support in a local OB so we should see that SIBI taken as a iFVG and print Higher to the $$$/ 50% of this local -OB after that i want to see it push harder till we go to the +OB 50% now that is a good entry point for Longs atm i m looking for Scalp Shorts from mentioned resistance area and a runner till +OB