DXY trade ideas
DXY Is Still Bearish; Final Leg Of The Wedge Pattern?DXY Is Still Bearish, but it can be trading in final leg of ending diagonal a.k.a. wedge pattern from technical and Elliott wave perspective.
US Dollar Index – DXY made only a three-wave rise from the lows, which indicates for a correction within downtrend. So recovery can basically still be a fourth wave rally, just a bit deeper one that can still belong to an ending diagonal a.k.a. wedge pattern. Final wave “v” of 5 can be still missing, so be aware of a continuation lower within a new three-wave abc decline, especially if breaks below the lower side of the corrective channel near 97.70 level.
future of the DXYHi to every one
In the DXY we are in the middle of the decisioning area which means
we should wait for the market to show its hands
First sensitive level that i am looking for is the C.E of the weekly candle(Prev.week)
IF we get resistance at that level we can wait for the price to deep into the SSL M level
Other wise i don't see any indication and obstacle for the DXY to reach the OB level above the 0.5 mid level of the range
this is my the first low hanging fruit objective which is high probability
after that my ultimate objective is the SiBi to be rebalanced
This was the technical perspective
BUT
things are happening around the world the most important one is the
USA central bank Interest Rate Cutting Decision which can leads the DXY to go lower without retracting to the 0.5 of the range
this factor also should be considered BUT overall i am bullish for DXY
US Dollar Index (DXY) Technical Analysis:The DXY is currently moving sideways near the 98.65 support zone after a sharp drop from the 100.25 resistance, which marked last week’s high.
🔹 Bearish Scenario:
If the price breaks below 98.65 and holds, a continuation toward 97.90 is likely, with potential to reach the 97.50 support area.
🔹 Bullish Scenario:
If the price reclaims 99.00 and confirms support above it, we could see a retest of the 99.50–100.25 resistance zone, which remains key in the short term.
⚠️ Disclaimer:
This analysis is not financial advice. It is recommended to monitor the markets and carefully analyze the data before making any investment decisions.
US Dollar Index (DXY) Plummets Following Labour Market DataUS Dollar Index (DXY) Plummets Following Labour Market Data
The US Dollar Index (DXY) fell by approximately 1.4% on Friday after the release of disappointing US labour market figures. According to Forex Factory:
→ The unemployment rate rose from 4.1% to 4.2%;
→ The Nonfarm Employment Change figure came in at 73K, well below the forecast of 103K. This is the lowest level of job creation in the nonfarm sector in 2025 and is roughly half the previous month’s reading (prior to revisions).
→ Furthermore, revisions for May and June were significantly more severe than usual. The May figure was revised downward by 125,000 — from +144,000 to +19,000. Similarly, the June figure was revised down by 133,000 — from +147,000 to +14,000.
These results point to a weakening labour market, which increases the likelihood of a rate cut aimed at supporting economic growth. In turn, expectations of a Fed rate cut are acting as a bearish driver for the US dollar.
Technical Analysis of the DXY Chart
Six days ago, we highlighted two U-shaped trajectories (A and B), which together formed a bullish сup and рandle pattern on the US Dollar Index chart.
Following this, price action generated a notable upward impulse (as indicated by the arrow), breaking through the upper boundary of the pattern.
However, Friday’s news triggered the following developments:
→ A new top (4) was formed on the chart, accompanied by a false bullish breakout above the psychological level of 100.00;
→ The price declined to the 98.80 area. The downward move slowed here, as this zone had previously seen strong bullish activity during the breakout from the pattern’s upper boundary — likely explaining why the market is finding support here on Monday morning.
Overall, the technical picture has shifted towards a bearish outlook. Friday’s peak continues the summer sequence of lower highs and lows: 1 → 2 → bottom of pattern (A) → 4. This structure is part of a broader downtrend that has defined the market in 2025.
Should bearish sentiment persist, fuelled by Friday’s data, we can assume a further decline in the US Dollar Index towards the median line of the descending channel (shown in red), which has been drawn through the aforementioned price extremes.
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US Dollar Index: Was Friday the Start of a Pullback Or Reversal?Welcome back to the Weekly Forex Forecast for the week of Aug 4 - 8th.
In this video, we will analyze the following FX market:
USD Index
The DXY had a strong week, but turned bearish Friday on weak jobs numbers. Was this just a retracement from the impulsive move up? Will price now find support for another bullish leg?
It all comes down to the +FVG, whether it holds or folds.
Look for price to continue down to discount prices early in the week... and then find it's footing on support.
Enjoy!
May profits be upon you.
Leave any questions or comments in the comment section.
I appreciate any feedback from my viewers!
Disclaimer:
I do not provide personal investment advice and I am not a qualified licensed investment advisor.
All information found here, including any ideas, opinions, views, predictions, forecasts, commentaries, suggestions, expressed or implied herein, are for informational, entertainment or educational purposes only and should not be construed as personal investment advice. While the information provided is believed to be accurate, it may include errors or inaccuracies.
I will not and cannot be held liable for any actions you take as a result of anything you read here.
Conduct your own due diligence, or consult a licensed financial advisor or broker before making any and all investment decisions. Any investments, trades, speculations, or decisions made on the basis of any information found on this channel, expressed or implied herein, are committed at your own risk, financial or otherwise.
DXY Just Broke Through the Lock… Where’s the Market Headed Now?🌅 Good Morning, Friends!
A few days ago, I marked 98.950 as a key threshold for the DXY index. As of today, that level has officially been broken—and the bullish momentum we anticipated is now kicking in. 📈
The next target? 101.000.
That said, it’s crucial to remember: DXY is heavily influenced by fundamental data. Stay alert and keep a close eye on key economic developments—they’re essential for navigating this move.
This breakout validates the analysis I shared with you all. And it wasn’t just about charts—it was about discipline, precision, and timing.
Every single like from you is a huge boost to my motivation. Thanks from the heart—your support drives me to keep sharing these insights! 💙
DXY: USD Flexes Muscle - Pairs SlideFriday, July 25, 2025
The foreign exchange markets are experiencing a pronounced USD bullish session this morning, with the US Dollar Index (DXY) showing robust gains of +0.35% while simultaneously pressuring all major currency pairs into negative territory. The Japanese Yen (JPY) is bearing the brunt of this dollar strength, currently registering losses between -0.4% to -0.66% across JPY pairs. This market behavior suggests traders should pay particularly close attention to DXY dynamics, as its movements will likely dictate price action across all major currency pairs in today's session.
Technical Perspective: DXY at Critical Inflection Point
A detailed examination of the Dollar Index reveals several compelling technical factors that market participants should consider:
1. Weekly Demand Zone Reaction
- The DXY has demonstrated a strong rejection from a significant weekly demand area
- The subsequent bullish spike indicates potential continuation of upward momentum
- This price action suggests institutional buyers are defending this key level
2. Commitment of Traders (COT) Report Insights
Non-commercial traders (typically hedge funds and speculators) have increased their positions from a bottom level not seen since June 2021 meanwhile the Commercial traders (often corporations hedging FX exposure) show opposing extreme positioning. This stark divergence between trader categories often precedes significant market moves
3. Seasonal Patterns Favor USD Strength
- Historical seasonal analysis indicates the current period typically supports dollar appreciation
- The combination of technical and seasonal factors creates a potentially powerful bullish setup
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More Downside in the Greenback?The U.S. Dollar Index began 2025 with a dramatic slide. Now, after a period of consolidation, some traders may see further downside risk.
The first pattern on today’s chart is 99.443, the closing price for both a week and the entire month of May. DXY tested above the level between July 30 and August 1. It got rejected after the Labor Department revised payroll data lower. Has resistance been confirmed?
Second, the reversal occurred at the falling 100-day simple moving average. That may reflect bearishness over the longer term.
Third, stochastics have dropped from an overbought condition. Notice how those turns have occurred at other short-term peaks (marked in yellow).
Finally, traders may focus on news flow and catalysts with the White House expected to announce a replacement for Federal Reserve Governor Adriana Kugler this week.
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Dollar Index Update – Holding Gains After NFP Data📈 DXY Outlook – Ready for the Next Leg Up?
Last Friday, as NFP data hit the market, I published an analysis highlighting this exact move—and so far, price has respected the roadmap perfectly.
Now, with momentum building and structure aligning, the Dollar Index looks poised to continue its bullish run—first toward the 101 zone and potentially higher toward 102.
But here’s the key point for swing traders and risk-conscious setups:
🔍 If we’re aiming for higher targets with minimal drawdown, tonight’s daily candle close will be crucial.
A bullish close above yesterday’s high would not only confirm strength, but significantly reduce entry risk for long positions.
So, whether you’re already in the trade or waiting for confirmation, patience tonight could pay off.
Let’s see if the bulls can seal the deal with a strong daily close.
🔁 This analysis will be updated whenever necessary.
Disclaimer: This is not financial advice. Just my personal opinion.
Bullish bounce off?US Dollar Index (DXY) is falling towards the pivot and could bounce to the 1st resistance.
Pivot: 97.96
1st Support: 97.18
1st Resistance: 98.73
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NFP Volatility Ahead – Is the Dollar Ready to Break Higher?🟢 DXY Outlook – A Key Day for the Dollar Index
Yesterday’s monthly candle closed with strong bullish momentum, marking a powerful start to August. Today, on the first trading day of the month, we’re expecting three major U.S. economic releases:
NFP, Average Hourly Earnings (m/m), and the Unemployment Rate.
As discussed in last week’s outlook, DXY has successfully broken above the key 100 level and confirmed a monthly close above it — a significant technical development. With no major order blocks or visible resistance in the way, the path toward the 102 target appears technically clear.
That said, I anticipate mixed data from today’s releases — which means we could see both sides of liquidity being taken during the initial reaction. Price might dip toward lower zones temporarily to collect liquidity before resuming its bullish move toward 102.
📌 In summary:
From a swing perspective, I believe the direction remains bullish for the Dollar Index as long as we hold above the 100 level.
When I say the data might be “mixed,” I mean the market could show an initial drop toward lower zones at the time of release — not because of a reversal, but to grab liquidity before continuing higher toward the 102 target.
Unless we see something unexpectedly extreme in the numbers, I expect the DXY to remain on track to reach the 102 level in the coming days or next week.
🔁 This analysis will be updated whenever necessary.
Disclaimer: This is not financial advice. Just my personal opinion.
DXY Locked & Loaded: Robber's Gameplan for Profit Pullout💸💼 "DXY Market Heist Blueprint – The Thief's Bullish Escape Plan" 💼💸
Rob the Market, Not the Rules – Trade Smart, Trade Sharp, Trade Thief Style™
🌍 Hey Money Makers, Risk Takers & Market Robbers!
Hola! Ola! Bonjour! Hallo! Marhaba! 🙌
Let’s break into the DXY vault and swipe those profits with precision. 💼💸
🧠💡This Thief Trading Style™ Master Plan is a high-stakes operation backed by technical setups, macro-fundamentals, and robbery-level insights. Follow the blueprint laid out on the chart. Our target? The High-Risk Yellow ATR Zone – where the real treasure is buried.
💼 ENTRY: "The Vault Is Open – Grab the Bullish Bags!"
Enter long as price approaches key pullback levels within a 15–30 min timeframe. Use the most recent candle wick’s swing low/high for sniper-style DCA entries.
🔑 Layer multiple limit orders like a thief stacking getaway bags (aka the DCA / Layering Method). Be patient and precise.
🛑 STOP LOSS: "Don’t Get Caught by the Market Police"
📍 Place SL just below the nearest 4H swing low (example: 97.300) depending on your strategy (scalping/swing).
⚖️ Your SL should reflect your risk appetite, lot size, and how many limit orders you’re running. Thieves don’t risk it all on one job. 🎭
🎯 TARGET: 101.800 (or Escape Before the Sirens)
Once the target zone nears, decide whether to collect full loot or exit before resistance hits. We trade smart, not greedy. 🧠💰
📈 Why This Heist Makes Sense: Market Conditions Breakdown
Bullish momentum supported by macro drivers and intermarket forces
COT report and sentiment leaning in favor of USD
Dollar Index structure showing signs of reversal + trend confirmation
Consolidation trap zones hinting at institutional accumulation
💡 This is not just a blind entry—it's a well-researched and time-tested plan. Check the chart details and refer to:
🔗 Fundamentals | COT Reports | Sentiment Score | Quantitative Outlook
🚨 NEWS & POSITION MANAGEMENT ALERT
Before jumping in, beware of high-impact news!
🗞️ To keep your trades safe and stress-free:
Avoid opening new positions during major news releases
Use trailing SLs to protect gains
Monitor volatility triggers (economic calendar is your best friend!)
🏴☠️💥 BOOST THE ROBBERY – Hit That Like/Boost Button
The more you boost, the stronger the heist crew becomes! 💪🚀
Help fellow traders steal opportunities with the Thief Trading Style™ – calculated, bold, and sharp.
🔥 Let's continue to outsmart the markets and make each trade count. Stay tuned for the next heist update – fresh trades, deeper insights, and bigger bags. 🤑💼
🔔 Disclaimer: This plan is not financial advice. Use it for educational and entertainment purposes. Always conduct your own analysis and manage risk accordingly.
📌 Markets shift quickly. Stay adaptable, informed, and always ready to pivot.
DXY Dollar Index Review: The US Dollar flexes its muscles again.
Chart analysis suggests a medium-term uptrend in the dollar index, signaling growing strength in the U.S. dollar. The current price range between 96 and 97 has effectively prevented further declines and has acted as a strong support and demand zone.
For any further downward move to occur, the price would first need to retest and break this zone—but only after a temporary rise and corrective upward movement, which may take some time to unfold.
Further analysis points to price stabilization in the medium term, with a potential for a sideways to upward trend developing within the 97 to 110 range.
In this scenario, three potential price targets can be outlined:
First and most probable target: 100.30 – 101.70
Second, possible target: 103.20 – 104.30
Third and final target: 107.10 – 110.10
Current price: 98.31
Stop loss: Below 95.90
What now for the dollar after a poor NFP report?It is difficult not to link the bad US data to the impact of tariffs. Indeed, it certainly looks that way, especially given that the slowdown in jobs started in early Q2 when reciprocal tariffs were announced. Companies expecting margins to be squeezed by higher duties probably thought twice about hiring workers in order to keep costs down. So, the US labour market has been losing steam fast, undoubtedly due to tariff concerns. Unless the data surprises on the upside soon, the Fed may have no choice but to cut—and cut again. Against this backdrop, the recovery in the dollar is going to a long bumpy road.
We noted the area around 100.00 to be resistance in the previous update, and that level has held, thanks to the weak jobs report (and ISM survey that was released later). The DXY was testing potential support around 98.95 at the time of writing. Will it be able to bounce there? Break that on a closing basis and next week could bring more technical dollar selling.
By Fawad Razaqzada, market analyst with FOREX.com