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USDX trade ideas

DXY Is Going Up! Long! Please, check our technical outlook for DXY. Time Frame: 12h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is testing a major horizontal structure 109.638. Taking into consideration the structure & trend analysis, I believe that the market will reach 111.019 level soon. 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. Like and subscribe and comment my ideas if you enjoy them!
TVC:DXYLong
by SignalProvider
1
DXY Strongly Bullish:DXY Strongly Bullish The DXY (US Dollar Index) is currently showing a strong bullish momentum. I do not expect the price to retrace back into the monthly breakout gap unless the extreme high is taken out first. With the ongoing strength in the US Dollar, the market is likely to continue pushing higher, especially if the price holds above key support levels. The bullish trend is intact, and any pullbacks might be shallow before the next leg up. Traders should remain focused on higher targets, monitoring for any significant shifts in market structure that could signal a reversal. The key point is that the extreme high must be taken out for the continuation of this strong bullish trend.
TVC:DXYLong
by Asif_Brain_Waves
US Labor Market Surprises and Redefines Expectations for the FedThe US labor market has ended 2024 with unexpected strength, significantly exceeding market expectations. The addition of 256,000 new jobs in December, the highest figure in nine months, contrasts with forecasts of 160,000, consolidating a year of economic resilience. This robust data adds to a series of positive economic indicators, such as the services PMI and job openings, strengthening the narrative of a reduced need for an aggressive stance by the Federal Reserve (Fed). This labor market performance, bringing the total jobs created in 2024 to 2.2 million, though below the 3 million in 2023, directly impacts monetary policy expectations. Markets now more strongly anticipate that the first rate cut may not occur until the second half of 2025, with some suggesting it could be the only downward adjustment. This outlook diverges significantly from the Fed's revised projections at its December FOMC meeting, which reduced rate cut expectations from four to two for the next year. The strength of the US labor market, highlighted in the December non-farm payroll report, raises questions about the Fed’s monetary policy trajectory. This data, coupled with other positive economic indicators, suggests that the economy might be holding up better than expected, potentially delaying the need for rate cuts. A sectoral breakdown reveals particular dynamism in areas like healthcare (+46,000 jobs), government (+33,000), and retail trade (+43,000), the latter recovering from a contraction in November. However, certain weaknesses in manufacturing (-13,000 jobs) are evident. This strengthening of the US dollar, driven by robust economic data, is reflected in the DXY index, briefly reaching the 110 mark with a gain of approximately 0.7%. This appreciation of the dollar pressures emerging markets, particularly in Latin America, where the Mexican peso posted losses of over 0.8%. Additionally, downward pressure is observed in the equity markets, with the S&P 500 falling more than 1.5%. The market’s reaction to this data is clear: a stronger dollar, higher fixed-income yields, and pressure on equities. This scenario underscores the importance of closely monitoring the evolution of the US economy and its impact on global markets.
PEPPERSTONE:USDX
by Pepperstone
Confluence of Gartley 222, AB =CD and Three Drives to the topAt times they work out perfectly but you must always guard against euphoria. Anything can happen in the market ! Another butterfly pattern with not so perfect fib ratios. Had to wait for other confirmations to get into the trade . CD leg terminated as a measured move of the AB leg and immediately evolved into a Three drives to the top pattern and that was my trigger, entered the trade with a sell limit and a tight stop. So far so good! Its a scalp trade! Always trade what you see and practise sound money management.
TVC:DXYShort
by ChasuraGold
The chart suggests that the price might experience a retracement Analysis of the DXY (US Dollar Index) Chart Using Support, Resistance, and Projected Movements This is a 4-hour timeframe analysis for the US Dollar Index (DXY), highlighting critical support and resistance levels and potential price movements: Key Levels: Support Zone: A strong support zone is identified around 108.000 - 108.500. If the price retraces to this zone, it is expected to find significant buying interest. Resistance Zone: The first resistance zone lies between 109.000 - 109.500. The next resistance zone, which could act as a target, is located around 110.000 - 110.500. Proposed Movement Pattern (Blue Lines): The chart suggests that the price might experience a retracement toward the support zone at 108.000 - 108.500. After hitting the support and confirming a bounce, the price is expected to rally toward the 109.000 - 109.500 resistance zone. If the resistance at 109.500 is broken, the price could continue its upward trajectory toward the next target at 110.000 - 110.500.
AFTERPRIME:DXY
by EhsanFibo
DXY Trading JournalDXY Trading Journal Jan9 Analysis Price opened in Asia to create and take recent equal lows before seeking higher prices taking out previous days buy stops. London created the high before retracing. High resistance day. Jan 10 Daily range is in Premium however the session range landed right on the .50%. NFC in NY session. I could see both noted clean equal highs and lows get taken today. I suspect that the highs will swiped then Price will lower to rebalance the FVG.
TVC:DXY
by LParnell
DreamAnalysis | 2024 Comeback Shakes Markets🌎 Global Market Impact from the US Presidential Election With ballots still being counted, the financial world is buzzing with anticipation over Donald Trump’s possible return to the White House. This election has set off movements in stocks, the US dollar, forex pairs, and cryptocurrencies, affecting global markets even before an official result is announced. 🚀 Bitcoin Surges to All-Time High Bitcoin spiked to an unprecedented $75,000 as market confidence grows around Trump’s chances. With Trump’s support for crypto-friendly policies, this is seen as a bullish indicator in the digital assets space.
TVC:DXYLong
by DreamAnalysis
DXY Looking Like It's Setting Up Towards Bearish Liquidity Grab! What's Up Chat, Welcome Forex Traders, Degens, & Investors. Let's jump right in, Dollar looks bullish however we're currently giving it time for it to consolidate, grab as much upside liquidity as possible, before it decides to have a trend reversal. {VISUAL GUIDE:} Eclipses: Have a Letter "M" or "D" Indicating Gaps in either the Monthly time frame or the Daily time frame. Black Lines: Represent Active Monthly liquidity. Blue lines: Represent Active Weekly liquidity. Yellow lines: Represents Active Daily liquidity. White lines: Represents Active 4HR liquidity. Green Landscape Line: Represents Trumps inauguration. Red Landscape Line: Represents 1st Lunar Cycle, FOMC, & Possible Psyop incoming which all has negative sentiment. In continuation, we're looking to sell the dollar, but are being patient to be able to snipe it at the right time. It would be smart to open up a position for a sell around this level, & if you're trading EUR/USD enter a buy position at this level. Small risk as were waiting to DCA, if market gives us a better price point. This is measuring out to be a 400-600 pip move to the downside 5-6% Bearish move or more.
CAPITALCOM:DXYShort
by DegenJake_
DXY Trading JournalDXY Trading Journal Jan 8 Price is delivering to a premium on the M, W, Daily charts. 2 back to back large range days of Price delivery. I suspect that could consolidate during Asia possible London with the onset of 3 red folder scheduled in NY session that said I suspect that price will come down to the H FVG at the 50% possibly seek the second H FVG at the .79. Price could also be gravitating to the NWOG and seek equal lows noted. Cool to see Price consolidate around the event horizon and I will be watching for reactions around it as well. See how Asia plays out and go from there.
TVC:DXYShort
by LParnell