USDX trade ideas
DXY Will Go Down From Resistance! Short!
Here is our detailed technical review for DXY.
Time Frame: 5h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The price is testing a key resistance 108.210.
Taking into consideration the current market trend & overbought RSI, chances will be high to see a bearish movement to the downside at least to 107.439 level.
P.S
Overbought describes a period of time where there has been a significant and consistent upward move in price over a period of time without much pullback.
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Dollar Index Bullish to $111.350 (UPDATE)The Dollar bulls have started this week bullish, alongside Gold. Both markets currently are moving with a positive correlation, which don't happen very often.
We are still within our 'Wave 5' bullish move & we expect this move to carry on towards $111.350✈️
Monthly CLS, Key Level OB, Model 1price is between the two levels and monthly CLS is playing out. We are in the multiple months highs. It still didn't break bullish structure, but I would be cautious with longs.
‼️FED announced end of quantitative tightening. If something ending something starting - quantitate reasoning in other words - printing.
I see a 50% chance that reversal is forming
Hey Traders !!
Feel free to share your thoughts, charts, and questions in the comments below—I'm about fostering constructive, positive discussions!
🧩What is CLS?
CLS represents the "smart money" across all markets. It brings together the capital from the largest investment and central banks, boasting a daily volume of over 6.5 trillion.
✅By understanding how CLS operates—its specific modes and timings—you gain a powerful edge with more precise entries and well-defined targets.
🛡️Follow me and take a closer look at Models 1 and 2.
These models are key to unlocking the market's potential and can guide you toward smarter trading decisions.
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Wishing you continued success on your trading journey. May this educational post inspire you to become an even better trader!
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DOLLAR INDEX (DXY): Bullish Reversal From Trend LineThe dollar index has reached a significant upward trend line.
Following a sharp decline, the market appears to be overbought, with the formation of a cup and handle pattern indicating weakness in seller's activity.
I anticipate a retracement to 108.79.
DXY going to the sky DXY is preparing to shoot to the moon already because its above the support zone we are waiting for confirmation on Tuesday signal entries will be shared with my students
DXY (Dollar Index)After breaking out of a rising wedge price failed to break lower. The 107.48 area is acting as a strong support together with a Bullish Order Block at 107.200
Once price breaks past the 109.380 level I'm anticipating a return/retest on that level for a re entry opportunity. More updates to follow
Dollar Index - Trump & TariffsWith a lot of fundamental conflicts at play, one being the tariffs war on China, EU, Mexico and Canada (we don’t know yet if any more countries will be affected), we are seeing the result in price action.
We are trading in a range from 110.176 - 106.969 and so far, Dollar has managed to support the weekly BISI @ the 107.500 region but also trade up to and reject the 109.770 HTF PD array.
Ultimately, it will be fundamental news that will grant dollar the necessary volatility to run to liquidity pools. My guess, to the downside
$dxy 103.65 stoch topped out and assuming we cross it to the downside and loose 103.65 to start the acceleration to the downside
alternatively flip yellow line and breaking out would be no bueno
assuming it does start its descent would be a life saver for quite a few currency which have been struggling and give some relief along with making those countires more attractive to invest in with a currency on the up .
should be fun to see what happens either way took 12 years for the rsi to come here so not going to happen overnight hence the max zoom out.
DXY - Monthly - ShortWe have reached the FVG Monthly, which we have been striving for more than two years.
SuperBowl Sunday Viper Weekly BreakdownSunday's we give a wide market breakdown of what we are looking at as possible outcomes for the upcoming week.
We cover DXY, US30, Forex, Gold, Oil and Crypto
Big CPI news week ahead that can really give these markets some volatility.
DXY is bearish, dont be caught off guardI've been saying this since beginning of this year. I've given macro reasons. The chart is also reflecting it now.
Monthly time frame
Dxy on the monthly formed an indecison candle. I'm expecting February to close bearish to complete the formation of evening star.
Wkly time frame
A close look at the weekly timeframe will show a double top forming. And it formed after taking a critical high. And evening star has already formed here. Last week price action caused a retest and rejection from the zone
Daily time frame
Now the daily time frame is filled with patterns pointing downwards.
We start with a 3 drive pattern that has been broken to the downside. Last weeks price action offered a retest and has also moved away from it with impulse.
We can also see a classic head and shoulder pattern. Some may be seeing double top depending on how you draw it.
Market has also been following a trendline since 30th September,2024. The trendline has been broken, retested and moved away from with impulse.
In all, the trend is down.
I wonder how you guys are missing all this
Now, I know you may be confused as a result of Trump's policies and sanctions and actions and inactions. fear not, he did the same in 2017, he wants dollar to be weaker to ease purchase for average Americans. The only thing he will offer is crazy spikes. That's all
The market has already recovered from his tariff shenanigans. It's all an illusion, a fugazi to swerve you from what is really happening, dollar will be weak. At least till 4th quarter of this year. My target is still 100. Let's see how it goes
You can use any of your strategy to look for buy in cross pairs like EUR ang GBP
I will also send some for you guys, just follow me to see it on time cos I mostly enter with buy order and not limit order.
Udo diri unu
DXY (Dollar index) short from 108.800My DXY analysis aligns with the expectation of a bearish move, which suggests that my pairs—EU and GU—could push higher. However, before that, we may see a minor pullback as price moves toward a demand zone.
Price has recently broken structure to the upside, leaving behind a fresh demand level. Once price reaches this area, I anticipate accumulation before a potential move upward. I will look for opportunities to capitalize on this movement across the pairs I trade, such as Gold, EU, and GU.
The price action has been very clean so far, which is promising, and we can expect more of the same as we move further into Q1.
Have a great week ahead and remain vigilant!
US CPI week for the DXY It has been a topsy turvy week for the dollar after the week opened with news of 25% tariffs on Mexico and Canada from the US as well as a 10% import duty on Chinese goods. The DXY spiked to a high of 109.9 before closing the week marginally lower at 108.1. The weaker than expected US NFP print however and surprisingly provided support for the DXY. This week’s price action is indicative that the ABC corrective wave has run its course and that another leg higher towards 112 is on the cards for the DXY.
The critical support range is the blue range between 107.2 and 107.5. As long as the DXY remains above this range and maintain levels above the 50-day MA at 107.8 there is nothing stopping the DXY from moving higher as the dollar milkshake theory continues to suck the DXY higher.
A break below 107.2 will however invalidate the idea and allow the DXY to drop onto the 200-day MA level of 104.8.
It is CPI week for the DXY and a stronger than expected CPI print will allow the DXY to regain its momentum and commence the start of another leg higher for the index. The US CPI print for January, which is expected to remain unchanged at 2.9%, just like it did back for the December print. Inflation has been ticking higher since October last year, almost right after the Fed started their cutting cycle and anything other than an inline or lower than expected CPI print will have the DXY packing and making its way to 110 and 112 thereafter since it will indicate that the Fed will stay higher for longer.
DXY - Fed’s Rate Cut Gamble Clashes With ECB Hawkish HoldSuccessful delivery this week with daily sell stops taken out @ 106.566 as expected. This caused risk on conditions for FX pairs; GBPUSD and EURUSD.
The heaviness to the downside indicates continuation to the downside.
106.111 - 105.440 is a price region i am scoping
DXY - Bearish.Similar thesis to my NASDAQ analysis, with the DXY in a current bear trend, with key levels unmitigated below, and very close to current price action. Overall, expecting a decline in the price of the DXY over the next weeks sessions, mainly to hunt liquidity below to then continue the monthly Bullish bias and trend.
Align it with the current US economic proceedings, and a declining dollar makes sense for a few more weeks until thing calm down with tariffs etc. etc.
Expecting assets with a positive correlation to the dollar to also correlate any bearish moves in the DXY, with inverse assets such as gold benefitting.
Mahalo.
DXY weekly Perspective 23.02.25DXY Analysis & Bias for This Week
My outlook for the Dollar Index (DXY) remains bearish, which aligns with my bias for bullish moves on pairs like GU, EU, and Gold. Since price has already broken structure to the downside, I anticipate a retracement to mitigate the newly formed 14-hour supply zone before continuing lower.
While price may react bullishly from the 3-hour or 2-hour demand zones I’ve marked, the overall momentum still favors the downside, as seen from the strength of recent bearish candlesticks.
Plan of Action:
📌 Once price reaches the 14-hour supply zone, I will wait for lower timeframe confirmations before taking action.
📌 I will also check for any corresponding demand zones on my other pairs to ensure alignment across the board.
DXY - 4H Bearish SignsTVC:DXY has shown an impressive rally from the 100 zone, forming three major bullish legs, each contributing approximately 4% gains. These bullish phases have now brought the index close to the critical 110 level.
However, in the third major leg, we observe the formation of three minor legs, signaling some hesitation as it nears the resistance zone. While many expect the index to break through 110 easily, I anticipate price swings around the 109-110 range, and even the possibility of a deeper pullback before resuming its upward trend.
With the NFP data release today, we might see increased volatility, offering opportunities for a potential DXY decline before any further rise. Stay alert for sharp market moves! 📉
DXY's Plan for the week For the week:
No news monday, anticipating an accumulation phase below the daily gap formed on last Friday.
Tuesday 10:00 am brings the first possible liquidity into the market. I'm waiting for an upside manipulation into the daily fair value gap.
Wednesday may hang around for a little (no news), but the distribution phase can start after price displaced out of the daily gap.
Overall i'm targeting the monthly gap.
Ok be safe byyyyyyyy
DXY at a Deciding PointThe DXY has a slight bounce from the fib 0.786 golden pocket, but also at a neutral level of 107.158. I have plotted a trend channel from the higher timeframe which is marked by the dotted line.
At this point, I would take a wait-and-see approach in the coming weeks until a clear direction takes place.
DXY on high time frame
"Hello traders, focusing on DXY on high time frames, as per my previous analysis, the price has shifted towards a bearish direction. The price has reached the 110 zone, and candle formations are indicating a downtrend. I anticipate further pullback towards the 108 zone and potentially lower prices thereafter."
If you have any specific questions or need further assistance with your message, feel free to let me know!
$DXY IdeaFor the DXY, we have an initial outlook of seeking internal liquidity in the discounted region of the monthly range, further reinforcing our bearish trend. Additionally, the presence of a **bottom SMT** in bonds, within a **bullish PDA**, suggests an upward movement for them.
Dollar idex is ready to drop next week are you ready ?This week, the market was slow with little movement. However, starting next week, keep an eye on the dollar. The order flow is showing a strong sell, and the daily chart reveals an FVG that indicates a sell from this level. Additionally, the current low aligns with the monthly FVG level. Trading next week should be exciting!
