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DXY Bullish Pennant (awaiting breakout)**1-hour timeframe** of the **US Dollar Index (DXY)** with technical analysis applied. Here's the breakdown: **Technical Analysis Summary:** **Current Price:** * Around **98.08**, trading just under the **7 EMA (98.09)**. **Bullish Structure:** * A strong **bullish impulse leg** is visible (sharp green candle rally). * Followed by a **bullish flag/pennant** pattern (marked in red), which is typically a **continuation pattern** in an uptrend. * The flag is forming after a steep upward move — suggesting **consolidation before potential breakout continuation**. **EMA Trend Support:** * **EMA 7, 21, and 50** are aligned bullishly: * EMA 7 > EMA 21 > EMA 50 * This supports the **short-term uptrend** structure. **Support Zones:** * A strong **demand zone** is marked between **97.50–97.70** (highlighted in red), where price previously consolidated before the breakout. * EMA 50 also sits around **97.72**, reinforcing this as a strong **pullback support level**. **Possible Scenarios:** 1. **Bullish Continuation:** * If the price breaks above the flag resistance, it may **rally towards 98.70 → 99.00 → 99.10**. 2. **Bullish Pullback:** * If price dips to retest the support near **97.80–97.90** or EMA 21, and holds, it may bounce and continue upward. **Conclusion:** * **Trend:** Bullish * **Pattern:** Bullish Pennant (awaiting breakout) * **Support:** 97.72–97.90 * **Upside Targets:** 98.70 → 99.00+ * **Outlook:** Positive bias continues **as long as price holds above the support zone** and EMAs.
CAPITALCOM:DXYLong
by Harry_Megat
DOLLAR INDEX U.S. Economic Data Release on the July 15th Key Inflation Indicators Indicator Current Forecast Previous Core CPI m/m 0.2% 0.3% 0.1% CPI m/m 0.3% 0.3% 0.1% CPI y/y 2.7% 2.6% 2.4% Core CPI m/m came in slightly below forecast, but still accelerated from the previous month, indicating underlying inflation pressures remain present. Headline CPI m/m matched expectations, showing persistent monthly price growth. Annual CPI (y/y) registered above forecast, indicating inflation is running hotter than previously expected and at its highest level since early 2025. Empire State Manufacturing Index Indicator Current Previous Empire State Manufacturing Index 5.5 -8.3 The sharp rebound from negative territory signals a marked improvement in manufacturing sentiment in the New York region, pointing to possible resilience in U.S. industrial activity. Market Implications US Dollar (USD): Inflation coming in at or above forecast (annual and headline monthly), along with better-than-expected manufacturing data, has support the USD in the short term. Stronger inflation weakens the case for near-term Federal Reserve rate cuts. Treasury Yields: Yields edged higher as bond traders weigh persistent inflation against a resilient economy, with less urgency for monetary easing. Equity Markets: Slightly hotter inflation and improved factory activity brings mixed reactions. Investors could become cautious over reduced chances of Fed rate cuts, but healthy manufacturing data may fuel selective equity support. Commodities: Gold and other non-yielding assets faced modest headwinds from a stronger USD and rising yields. In summary: U.S. inflation data for June shows headline and annual CPI above forecast, and core inflation still rising, suggesting persistent price pressures. The Empire State Manufacturing Index rebounded sharply, signaling improved business sentiment. These surprises likely reinforce expectations for a cautious Federal Reserve, with possible USD gains and ripple effects across equity, bond, and commodity markets. #DXY #DOLLAR
TVC:DXYLong
by Shavyfxhub
Dollar MoonHey, Been a while that I shared a chart here, sorry for that. I love the place where the dollar is at the moment. The easiest plays are from these long-term value areas, and this one is also stacked with a trendline making it a bit more obvious for everyone. The daily trend is broken since yesterday, shifting bullish long-term. I think a daily pullback is likely, perhaps even back to daily lows to fill up demand. But long-term, I am super bullish for the dollar. The $ has been bullish since 2008, we all see it. Time for the next leg up. Let's go! Kind regards, @ mnieveld
TVC:DXY
by newcapitalfx
The best strategies if the US dollar rebounds this summerFor several months now, the US dollar (DXY) has been under pressure against the major currencies, falling by over 11% since the start of the year. However, technical and fundamental signals suggest that a low point could be reached this summer. In this scenario, it is essential to measure the possible consequences on the markets and anticipate the best strategies to protect or boost your portfolio. At this stage, the US dollar has not confirmed a major low, but it will eventually happen, so it's important to anticipate the consequences for all asset classes, and identify the best strategies to implement at an early stage, particularly on Forex. In this new analysis in the TradingView columns, we ask a number of questions, including the impact on gold, the price of bitcoin and Forex vehicles for exposure to a possible rebound in the US dollar. 1) On the technical front, many of the bearish targets have been made The first point to watch is the technical configuration. The DXY is now evolving on long-term support levels, with divergences indicating that the downtrend is running out of steam. Indicators such as the RSI and MACD show that selling pressure is weakening on the weekly timeframe. The monthly uptrend line is still active, although the signal varies according to the scale chosen. It's still too early to say that the US dollar has made its final low, but it's worth bearing in mind that most of the bearish technical targets in Elliott waves have been made. 2) If the US dollar were to rebound this summer, what impact would this have on gold and the bitcoin price? Secondly, a rebound in the dollar would have a direct impact on other asset classes. Gold is influenced by several fundamental factors, notably its inverse correlation with the US dollar and the impact of GOLD ETFs, which are themselves closely linked to the underlying trend in the US dollar. Overall, we believe that if the US dollar were to rebound, gold would lose a good third of its bullish fundamentals. The table below summarizes the factors influencing gold's underlying trend. Crypto-currencies, and Bitcoin in particular, could also be penalized by a stronger dollar and a contraction in global liquidity (M2). The US dollar plays a very direct role in the calculation of M2 global liquidity, and the bitcoin price is highly correlated with the underlying trend in M2 global liquidity. This indicator, which aggregates the money supply of the major economies converted into US dollars, generally acts on bitcoin with an average lag of around 12 weeks. The latest statistics show a new all-time high for this global liquidity. This factor is helping to sustain the upward trend observed since April, despite a complex fundamental context marked by a Federal Reserve determined to maintain a restrictive monetary policy in the short term. The US dollar, by strengthening or weakening, directly modifies the total value of M2 expressed in dollars. This contributes to the extent of global liquidity and, consequently, to the evolution of bitcoin. Consequently, if the US dollar rebounds this summer, expect a bearish impact on BTC from this autumn onwards. 3) If the US dollar rebounds this summer, what are the best Forex strategies to consider? Finally, on a practical level, there are several strategies to consider. On Forex, a dollar rebound scenario calls for monitoring major pairs such as EUR/USD, in order to identify selling entry points if a top is confirmed. But the most direct and unleveraged way to gain exposure to the US dollar (DXY) is through ETFs. Should the US dollar rebound, then exposure to a US dollar (DXY) ETF may be a good strategy. Unlike futures and CFDs, there's no leverage, so it allows for better risk management. We also suggest that you keep a close eye on the USD/CAD, USD/JPY and GBP/USD currency pairs in the event of a summer rebound scenario for the US dollar against a basket of major currencies. We will continue to bring you regular analysis on the US dollar to determine whether or not a major low will emerge this summer. DISCLAIMER: This content is intended for individuals who are familiar with financial markets and instruments and is for information purposes only. The presented idea (including market commentary, market data and observations) is not a work product of any research department of Swissquote or its affiliates. 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TVC:DXY
by Swissquote
Dollar holds steady uptrend despite Trump’s tariff threats. President Trump announced a 30% tariff on imports from both the EU and Mexico, a hike from the 20% previously imposed on the EU in April. He also warned that if no agreement is reached on the Ukraine war within 50 days, countries trading with Russia could face a 100% tariff. Meanwhile, market volatility is being amplified by speculation over Fed Chair Powell’s potential dismissal, as attacks against him intensify from Trump and his allies. Deutsche Bank warned that Powell’s removal could trigger sharp swings in both the dollar and bond markets. DXY has extended its two-week rally after testing the recent low, approaching the 98.00 threshold. The index remains within the ascending channel, indicating the potential continuation of bullish momentum. If DXY breaches above the resistance at 98.25, the index could gain upward momentum toward 98.60. Conversely, if DXY breaks below the support at 97.60, the index may retreat to 97.00.
TVC:DXY
by inkicho_exness
Potential bullish rise?US Dollar Index (DXY) has reacted off the pivot and could rise to the 50% Fibonacci resistance. Pivot: 97.81 1st Support: 97.19 1st Resistance: 99.25 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary. 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. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
TVC:DXYLong
by ICmarkets
$BTC's run to ATH is fueled by $DXYNOT FINANCIAL ADVICE I've yet to see this being mentioned anywhere on the internet, but TVC:DXY 's rally may just be CRYPTOCAP:BTC 's best friend. This, despite the popular notion that when TSX:DXT goes up, CRYPTOCAP:BTC goes down, and vice-versa. However, this novel idea puts a break to it. TVC:DXY is hitting the bottoms of its uptrending channel, and it's likely to bounce back up towards the ceilings. Which means a rally is likely, and this is kinda good for $BTC. I'll remain bullish, until the numbers say otherwise.
TVC:DXYLong
by googooboyy
DXY 4Hour TF - July 27, 2025DXY 7/27/2025 DXY 4hour Bearish Idea Monthly - Bearish Weekly - Bearish Dailly - Bearish 4hour - Bearish **We analyze DXY as an indicator of USD strength on a week to week basis** This week is looking like we can expect bearish momentum on USD but here are two scenarios breaking down the potential: Bearish Continuation - USD pulled a strong bearish reversal all last week which pushed us below our major 98.000 support zone. We are now testing that same 98.000 zone as resistance and are looking to see if it will hold. Ideally, we can confirm further bearish structure to gain confidence in a bearish USD for the week ahead. Bullish Reversal- For us to consider DXY as bullish again we would need to see bullish structure above our 98.000 zone. This would include: A break back above 98.000 with an established HH and HL.
TVC:DXYShort
by ForexLeague
Dollar Index Dips – All Eyes on 97.600?The US Dollar Index (DXY) is currently trading just below the 100.000 🔼 resistance area, following a series of lower highs and lower lows that reflect a clear bearish trend. Price is now approaching the 97.600 🔽 level, which has previously acted as a key turning point and could influence the next directional move. Support at: 97.600 🔽 Resistance at: 100.000 🔼, 101.500 🔼, 102.812 🔼, 104.223 🔼 🔎 Bias: 🔽 Bearish: The trend remains bearish while price stays below 100.000. A break below 97.600 may lead to further downside continuation. 🔼 Bullish: A bounce from 97.600 followed by a move back above 100.000 could open the door for a recovery toward 101.500. 📛 Disclaimer: This is not financial advice. Trade at your own risk.
CAPITALCOM:DXY
by SPOT_FX