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DXY Is Going Up! Buy! Take a look at our analysis for DXY. Time Frame: 12h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is trading around a solid horizontal structure 108.100. The above observations make me that the market will inevitably achieve 109.402 level. P.S We determine oversold/overbought condition with RSI indicator. When it drops below 30 - the market is considered to be oversold. When it bounces above 70 - the market is considered to be overbought. Like and subscribe and comment my ideas if you enjoy them!
TVC:DXYLong
by SignalProvider
1
Dollar Index (DXY) Analysis - January 21, 2025Dollar Index (DXY) Analysis - January 21, 2025 The Dollar Index (DXY) is currently trading at 108.70, up 0.90% from the previous close. The index is hovering below the key pivot point at 109.40, a crucial level that could dictate the next directional move. Immediate resistance stands at 110.20. On the downside, support is seen at 107.90, with further cushion at 106.80 and 106.00. You may find more details in the chart! Thank you and Good Luck! ❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
TVC:DXYShort
by KlejdiCuni
7
DXY SELL ENTRY MODULEThe DXY is currently testing a key demand level. If a further drop is to unfold, I anticipate a valid retest before it taps into the supply OB and continues its descent. Watch for the price to enter our expected zone, confirm the setup, and then execute your trade. Always set a stop-loss for your trades to protect your capital and manage risk effectively. Always use proper money management and proper risk to reward ratio. #DXY 1H Technical Analyze Expected Move.
TVC:DXYShort
by TradeTacticsreal
DXYThe U.S. Dollar Index (DXY) tracks the value of the U.S. dollar against a group of major global currencies, including the euro, Japanese yen, British pound, Canadian dollar, Swedish krona, and Swiss franc. Recently, the dollar experienced a slight decline, partly due to the start of the new U.S. presidential administration, which did not immediately introduce new tariffs. This led to reduced concerns over trade restrictions, causing a modest pullback in the dollar’s value. Despite this short-term dip, the dollar has strengthened over the past year, supported by solid economic performance in the U.S. Financial experts expect the dollar to maintain its strength in the coming months, though potential shifts in trade policies, especially concerning Canada and Mexico, could influence its future direction. Key dates related to trade policy decisions may bring volatility, and analysts are closely watching upcoming reports that could lead to new tariff implementations, affecting the dollar’s trajectory.
FXOPEN:DXYLong
by HavalMamar
DXY RECOVERS AFTER TRUMP’S INAUGURATIONAs markets adjust to the new U.S. administration, “a dawn of a new era," DXY recovers after Trump’s inauguration. After experiencing a decline of over 1%, the index found support around 107.56 and is now trading at 108.40 as of 3:43 PM GMT+4 (Dubai time), marking a 0.61% increase. From a fundamental standpoint, President Trump's second administration is anticipated to have a significant impact on the U.S. economy, with a strong emphasis on key economic policies. This includes but not limited to his announcement of a 25% tariff on imports from Canada and Mexico, effective February 1, 2025, alongside maintaining existing tariffs on Chinese goods. Additionally, his declaration of a "National Energy Emergency" highlights a push to expand oil drilling and deregulate the energy industry. This initiative aims to achieve energy independence and reduce costs but raises concerns about environmental impact and potential legal challenges. In terms of immigration, stricter enforcement and increased deportations are expected to affect labor markets, particularly in industries heavily dependent on immigrant workers. This could result in labor shortages and higher production costs. While these policies aim to stimulate economic growth, they come with potential risks, such as inflationary pressures, trade conflicts, and labor market disruptions. The overall impact will depend on how effectively these policies are implemented and their reception both domestically and internationally. UPCOMING CATALYST On Thursday, January 23rd, the U.S. unemployment claims are scheduled for release at 5:30 AM GMT+4, followed by the crude oil inventory report at 8:00 PM. The next day, Friday, will feature the release of Manufacturing and Services PMIs at 6:45 PM, and to close the week, existing home sales and consumer sentiment reports will be released simultaneously at 7:00 PM. These data points have the potential to significantly influence market movements, underscoring the importance of cautious analysis and strategic decision-making. TECHNICAL VIEW: From a technical perspective, the DXY is recovering from the previous day's losses, which had strengthened major currency pairs such as EUR/USD, AUD/USD, and GBP/USD. Currently, the index is trading around 108.40, with 108.80 acting as a key resistance level. Given the upcoming data releases, a favorable outcome could propel the DXY above 108.80, with potential targets at 109.09, 109.44, and 109.81 in the coming weeks. However, a correction is still a possibility. Conversely, a negative reading could further weaken the dollar, with potential downside targets at 107.48, the psychological level of 107.00, and 106.56. Analysts suggest that breakouts in either direction are possible, depending on the data's impact.
CAPITALCOM:DXY
by CFI
DXYThe U.S. Dollar Index (DXY) is a measure of the U.S. dollar’s value relative to a basket of six major foreign currencies: • Euro (EUR) – the largest component (~57.6%) • Japanese Yen (JPY) • British Pound (GBP) • Canadian Dollar (CAD) • Swedish Krona (SEK) • Swiss Franc (CHF) DXY rises when the U.S. dollar strengthens against these currencies and falls when it weakens. It is widely used by traders, investors, and policymakers to assess the dollar’s strength in global markets.
FXOPEN:DXYShort
by HavalMamar
DeGRAM | DXY seeks to close the gapDXY is in a descending channel between trend lines. After the gap formation, the price has reached the lower boundary of the channel, the support level and the lower trend line, which previously acted as a rebound point. The chart approached the 38.2% retracement level and is now holding above the resistance level. We expect the rebound to continue if successfully consolidated above the resistance level. ------------------- Share your opinion in the comments and support the idea with like. Thanks for your support!
TVC:DXYLong
by DeGRAM
1
DXY- Start of correction?In my previous analysis of the DXY, I mentioned that the index might begin a correction after more than three months of upward movement and a 10% increase. Yesterday, the market opened with a downside gap and broke below the rising trendline that had been supporting the price since the 100 mark. This suggests that 110 could now serve as a local top. As long as the price remains below this level, shorting the USD currency could present a viable trading opportunity. I am currently looking for buying opportunities in currency pairs such as EUR/USD, GBP/USD, AUD/USD, and NZD/USD.
TVC:DXYShort
by Mihai_Iacob
Levels discussed on 20th Jan 2025 Livestream20th January 2025 DXY: Currently below 109.40, break above, could trade up to 110 (previous swing high), beyond that, strong resistance at 111 NZDUSD: Sell 0.5575 SL 25 TP 60 AUDUSD: Sell 0.6170 SL 15 TP 40 GBPUSD: Sell 1.2150 SL 15 TP 40 EURUSD: Sell 1.0310 SL 30 TP 110 USDJPY: Buy 156.70 SL 40 TP 120 EURJPY: Sell 161.10 SL 40 TP 120 GBPJPY: Looking for reaction at 191.15 USDCHF: Choppy between 0.91 and 0.9150 USDCAD: Buy 1.4480 SL 30 TP 60 XAUUSD: Needs to stay above 2694 (trendline) to trade up to 2722 resistance
TVC:DXY
by JinDao_Tai
1