USDX trade ideas
USD Bulls Battle at SupportThe U.S. Dollar dropped into support early in the week at 99.95-100.15- a region defined by the 50% retracement of the late-April advance, the 2023 low-day close, and the 2024 low. Note that the 100% extension of the decline rests just lower at 99.55 and losses would need to be limited to this level IF Euro is heading higher on this stretch.
Initial resistance is at with the Friday close at 100.98 with a breach / close above the September high / high-day close (HDC) at 101.77/92 needed to fuel the next leg of the advance.
-MB
DXY 1H Outlook: Bullish Bias for the Week AheadThe DXY 1-hour chart is showcasing a bullish trend as we approach the upcoming week. Traders should monitor the 1-hour chart for potential entry points that align with this bullish trend. As always, it's crucial to manage risk appropriately and stay informed about any economic events that could impact the dollar's performance.
DXY Sell this rally. Bearish until end-of-year.The U.S. Dollar index (DXY) has been trading within a Channel Down since the September 26 2022 High and is currently on a medium-term Bearish Leg. The last 3 weeks however have been a short-term rebound (all 1W candles green), but the price is still below both the 1W MA200 (orang trend-line) and the 1W MA50 (blue trend-line).
This doesn't alter the bearish trend as this is not the first time we've seen this price action. More specifically, DXY also made a short-term rebound during the first Bearish Leg of the pattern and rebounded on January 30 2023 back to the 1W MA50. This delivered a strong rejection which eventually completed the Bearish Leg with one last round of selling to complete a -13.30% Bearish Leg in total.
Before that, we also saw the same pattern (also on 1W RSI terms) in 2020, when on August 31 2020 the price again had a short-term rebound only to resume the bearish trend and finish the sequence again at -13.40% from the top.
As a result, as long as the price remains (closes) below the 1W MA50, the last sell signal is given when the 1W RSI breaks above its MA (yellow trend-line) and then we can expect the Bearish Leg to complete a -13.30% decline with a 96.000 Target.
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STRAP IN FOR A TURBULENT WEEK DXY- USD INDEX FORECAST Q2 W21 Y25DXY USD INDEX FORECAST Q2 W21 Y25
Professional Risk Managers👋
Welcome back to another FRGNT chart update📈
Diving into some Forex setups using predominantly higher time frame order blocks alongside confirmation breaks of structure.
✅ U.S. dollar index is a measure of the value of the dollar against a basket of six foreign currencies.
✅The currencies are the Euro, Swiss franc, Japanese yen, Canadian dollar, British pound, and Swedish krona.
💡Here are some trade confluences📝
✅ Break an d close below July 2023 key 100.00 levels.
✅ Foresee a pull back to, weekly imbalance, daily order block, daily 50ema, weekly order block and or weekly 50 ema.
✅ Awaiting to identify a significant break of structure bullish to use the DXY as confluence for our trading week 18 of Q2 toward key points of interest mentioned above.
✅ Forecasting continued bearish pressure long term.
✅Initially bullish outlook however upon price turn around. DXY to break 100.000 level again.
🔑 Remember, to participate in trading comes always with a degree of risk, therefore as professional risk managers it remains vital that we stick to our risk management plan as well as our trading strategies.
Pairs to look out for -
EURUSD
USDCHF
USDJPY
USDCAD
GBPUSD
Simply an opinion -
We always trade what we see and not what were think BUT, with that said it just feels... Unnatural to place too many bets against the USD. For that reason, our points of interest are not based on order black from too far in the distant weeks and month. We have identified more conservative targets for the DXY for the week 21 in Q2.
We foresee that with the deals that have been brokered alongside the steadiness of USD market sentiment, THE DXY MAY RISE AGAIN.
We forecast continued bearish sentiment of the DXY to the key points of interest area 98.000, weekly lows/daily lows BEFORE creating a monthly higher high inline with USD strength and Trumps seeks to sure up US ambitions.
📈The rest, we leave to the balance of probabilities.
💡Fail to plan. Plan to fail.
🏆It has always been that simple.
❤️Good luck with your trading journey, I shall see you at the very top.
🎯Trade consistent, FRGNT X
Dxy 1Hr Analysis 15-May-2025The US Dollar Index (DXY) showed signs of recovery following its sharp decline in April 2025. This rebound appeared to coincide with easing concerns around trade tensions between the US and other countries, particularly China. The index climbed toward the 102 level before retreating, likely influenced by lower-than-expected CPI (inflation) data.
Looking ahead, potential scenarios for DXY include:
• A sustained move above the 101 level may open the door for a test of the 102 area. If momentum continues, market participants may observe whether the index approaches the 103–103.2 range.
• Alternatively, if DXY struggles to stay above the 101 level and a downward pressure persists, attention may shift to the 100, and even lower to the 99 level — a zone that has previously attracted buying interest.
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US Dollar Index (DXY) – Bullish Setup in PlayThe market has spoken and it’s whispering a potential bullish breakout .
As seen in the chart, the US Dollar Index (DXY) recently broke out from a short-term consolidation zone after forming a solid base near the 99.00 region. Currently, it's retesting a minor support level (highlighted by the yellow horizontal line).
Key Observation:
Price is holding above this support zone with strength. If this level holds, I anticipate a continuation to the upside as marked by the white arrow.
Target: The next major resistance zone lies near the 103.00 area, where price previously reversed. This becomes the logical next stop if the bullish momentum continues.
What I’m Watching:
Reaction from the current support zone
Strength of buyers stepping in
Any fundamental catalysts from USD-related news/events
In trading, it's not about predicting, it's about preparing. This chart reflects a classic "break-and-retest" scenario often seen before major moves.
Let’s see how this plays out over the coming days.
DXY retest of the gap and ready for bullishness
DXY retested the gap formed at the beginning of the week. The area of demand had efficiency underneath it - price swept the efficient zone, and closed in the identified zone. Price is currently bullish, but I would like to see price close above the 100.53 mark before looking for a buy trade.
USD Holds Key Res at 102 but Bulls Show Up at Higher-LowUSD came into the week with a full head of steam as price broke out to the 102.00 level on Monday. This was pushed by a strong move in USD/JPY testing 148 and EUR/USD testing 1.1100 - but then the Tuesday CPI report came out soft and that gave bulls reason to take profits on the USD.
That pullback ran vividly into early-Wednesday trade but at that point, support appeared at an important spot of prior resistance of 100.28, which was the neckline for the inverse head and shoulders pattern that led into last week's FOMC-fueled breakout.
That support has so far held and that keeps bulls in control of the trend on daily and four-hour charts. The key test now is a big batch of drivers for tomorrow morning with retail sales, PPI and a speech from FOMC Chair Jerome Powell.
At this point, EUR/USD retains bearish potential and USD/JPY bullish potential, which I'll touch on in a following post, and the door is open for Dollar bulls to make a move into the end of the week. On the other side of DXY, USD/CAD remains of interest as the pair has re-tested the psychological level of 1.4000. - js
DXY Bullish Rebound Expected! Buy!
Hello,Traders!
DXY is making a local
Bearish correction towards
The horizontal support level
Around 100.200 but we are
Locally bullish biased so
After the retest we will be
Expecting a local bullish rebound
Buy!
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