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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
Monthly CLS, KL Monthly OB, Model 1 , ReversalMonthly CLS, KL Monthly OB, Model 1 , Reversal you are welcome to comment with your thoughts and share your charts or questions below, I like any constructive discussion. What is CLS? This company is trading for the biggest investment banks and central banks. They trade over 6.5 trillion daily volume. They are smart money of the all markets. CLS operates in the specific times which will give you huge advantage and precisions to you entries. Focus on that. Its accuracy is amazing. Good luck and I hope this educational post helps to become better trader “Adapt what is useful, reject what is useless, and add what is specifically your own.” Dave FX Hunter ⚔
CAPITALCOM:DXY
by Dave-Hunter
17
DXY Faces Selling Pressure Despite Ongoing Bullish TrendDXY Faces Selling Pressure Despite Ongoing Bullish Trend The DXY Index continues to experience slight selling pressure, even though the bullish trend remains intact. The US Dollar (USD) saw a modest rebound following reports that President Trump is considering a 10% tariff on China as a response to fentanyl shipments, effective February 1. Trump stated, "We're discussing a 10% tariff on China due to their fentanyl exports to Mexico and Canada." Tariff threats and their eventual implementation are likely to impact market sentiment, giving the USD a potential boost. However, any delays in tariff announcements will provide temporary relief for risk assets and might prompt unwinding of long USD positions. Technical Analysis: In our previous analysis, we observed that the DXY Index broke out of its channel and hit one of the targets. Given the uncertainty surrounding tariff decisions, DXY is hesitant to take a definitive direction before February 1. Post that date, clarity on the USD's outlook may emerge, potentially leading to a new bearish correction. 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
3
DXY - Potential Sell At Key ResistanceThe DXY is approaching a key resistance zone, which has historically acted as a strong supply area. This level has seen multiple price rejections in the past, making it a critical area of interest for potential reversals. The current uptrend has brought the price back into this resistance zone, but there are signs of potential trend exhaustion as the price tests these levels. If the price confirms rejection with bearish signals, such as reversal candlesticks or divergence on oscillators, we could see a downward move. I anticipate that, upon rejection from this resistance zone, the DXY may head lower toward the 107.548 level. This setup aligns with the idea of a short-term correction within the broader market context. Let me know your thoughts on this analysis or if you see a different perspective! Feel free to share your insights in the comments!
TVC:DXYShort
by DanieIM
1
DXY - 1H still bearish...While some signals indicate buy opportunities on the dollar index, I remain skeptical. As mentioned in our 4H analysis, the third bullish leg has been completed, and I expect a deeper correction in CAPITALCOM:DXY . In the 1H time frame, we can observe that the second reaction to the support zone is significantly weaker than the first. This could indicate a potential breakdown of the support zone, with the index likely falling below the 107 level. Let’s see how this plays out! Follow for timely updates and expert insights! 🚀
CAPITALCOM:DXYShort
by Sober_Trading
DXY Update - H & S Pattern & FEDDear Friends, Keynote = Fed Interest Rate Decision: 29th of January. How I see it: I've indicated the gap on the 1D TF - It might be insignificant, or It might only be filled on the next swing return. The head and shoulder pattern + 1D candle body close below key support might indicate further downward pressure. 107.000 to 108.000 is a very big key area of confluence. A strong "breakout and hold" on either side, will offer strong confirmation of direction. Thank you for your time reading my analysis !
TVC:DXY
by ANROC
1
Head and Shoulders pattern on the 4-H, for DXY US Dollar IndexTVC:DXY This chart shows a clear Head and Shoulders pattern on the 4-hour time frame for DXY (US Dollar Index), which is a bearish reversal pattern. Here's a short analysis: Key Levels: The neckline is at approximately 108.000, acting as a crucial support zone. A breakdown below the neckline would signal further bearish momentum. Pattern Confirmation: Wait for a breakout below the neckline, followed by a possible retest, to confirm the pattern. Bearish Target: The measured move from the head to the neckline can be projected downward, aligning with the next key support levels around 107.000–106.500. Invalidation Zone: If price breaks above the right shoulder high (around 108.800–109.000), the bearish scenario could be invalidated. Would you like to explore specific trade setups based on this pattern? Here’s how you can structure trade setups based on the Head and Shoulders pattern visible in the chart: 1. Bearish Setup (Breakout Strategy) Entry: Enter a short position after a confirmed breakout below the neckline (108.000). Wait for a strong bearish candle close below this level. Stop Loss: Place the stop loss above the right shoulder high at 108.800–109.000, depending on your risk tolerance. Take Profit Targets: 1st target: 107.500 (psychological level and near-term support). 2nd target: 107.000 (projected move based on pattern). 3rd target: 106.500 (long-term support zone).
TVC:DXYShort
by TRADE_CENTER_1
Levels discussed on Livestream 22nd Jan 202522nd January 2025 DXY: consolidating between 108 and 108.20, below 107.80 could trade down to 107 support level. (price should stay below 108.50) NZDUSD: Buy 0.57 SL 20 TP 80 (hesitation at 0.5750) AUDUSD: Look for retracement and reaction at 0.6300 GBPUSD: Sell 1.229 SL 40 TP 120 (hesitation at 1.2230) EURUSD: Buy 1.0480 SL 40 TP 120 (hesitation at 1.0540) USDJPY: Range bound between 155 and 156.50 EURJPY: Buy 163 SL 40 TP 150 GBPJPY: Do nothing for now USDCHF: Could trade lower down to 0.9020 support USDCAD: Sell 1.4290 SL 30 TP 60 XAUUSD: Needs to break 2760 to trade up to 2775 (CHOPPY CHOPPY)
TVC:DXY
by JinDao_Tai
DXY Trading Journal DXY Trading Journal Weekly Analysis Price is delivering to a premium on the HTF M, W. Price kissed the HFT .70 level last week, which is also the 75% quarter mark of the M SIBI from 2002. Must be random....lol Price continued this week to seek lower prices rebalancing inefficient delivered price and take out the clean equal lows. Finishing in a discount wicking to the .618. Fridays candle body stoped on the CE of the W BISI. Could be break of structure on HTF, or price following algorithmic price theory weaving between premium to discount. With Price delivering to a discount on the daily range and potential of a institutional quarterly shift, Im going to be patient to read if price is going to bounce up off that .618 or start trending to a bear market.
TVC:DXY
by LeanLena