DXY trade ideas
US DOLLAR ANALYSIS !!The US Dollar has broken below its ascending channel structure. The Ichimoku Cloud is now serving as a resistance zone, suggesting ongoing bearish pressure. If the retest of the broken pattern holds, further downside movement is likely.
Given the usual inverse relationship between the US Dollar and the cryptocurrency market, this development could carry notable implications for crypto traders.
Stay alert!
DXY Holds Above Channel Support: Next Leg Higher?Hey Traders,
The U.S. Dollar Index (DXY) is consolidating just above a strong support cluster around 97.325, aligned with ascending channel structure and historical demand. Price action is suggesting a potential bullish continuation if this support zone holds firm.
Current Market Conditions:
* DXY is trading within a well-defined ascending channel, maintaining higher highs and higher lows.
* Price is currently hovering above the 97.325 key support area and mid-channel dynamic trendline.
* Recent candles show rejection from the lower boundary of the bullish channel, indicating buyers may be stepping in again.
* Structure remains bullish unless price closes decisively below 97.325.
Fundamental Analysis/Outlook:
The dollar remains buoyed by persistent inflation pressures and Fed Chair Powell’s continued hawkish tone. Markets are pricing in fewer rate cuts in the near term, reinforcing USD strength. Today’s USD resilience is also supported by mild risk-off sentiment ahead of U.S. CPI data and Powell’s congressional testimony, which could further move the greenback.
Targets:
* TP1: 97.756
* TP2: 98.085
* TP3: 98.373
Risk Management:
* Stop-loss: Below 97.325 to invalidate bullish structure.
* Risk-to-Reward (R\:R): Minimum 1:2 setup. Consider adjusting position size based on support behaviour and macro event volatility.
Technical Outlook:
* Price needs to hold above 97.421–97.325 zone to maintain bullish bias.
* Watch for bullish engulfing or momentum candles as confirmation for long setups.
* A break above 97.630 could accelerate the rally toward higher resistance at 98.373.
Conclusion:
DXY is at a decision point. If bulls maintain control above 97.325, the index could push higher toward the 98.00+ zone. Keep an eye on U.S. economic data and Fed commentary for directional confirmation.
Sign-off:
“In markets, clarity often lies just beyond the fear. Trade the levels, not the noise.”
💬 Let me know your thoughts in the comments, and don’t forget to boost and follow for more insights. Trade safe!
DXY: The Market Is Looking Down! Short!
My dear friends,
Today we will analyse DXY together☺️
The in-trend continuation seems likely as the current long-term trend appears to be strong, and price is holding below a key level of 97.054 So a bearish continuation seems plausible, targeting the next low. We should enter on confirmation, and place a stop-loss beyond the recent swing level.
❤️Sending you lots of Love and Hugs❤️
We can expect such a move if the event I mentioned in the captioHello friends..
In the analysis we had previously told you about the dollar index on this page, it started a downward trend right from the specified area (you can visit the page)
Now, after a long time has passed since that analysis, we are now in a suitable range in the dollar index.
See, on the weekly time frame, the index number has hit a strong support area, but we should not make a trading decision by seeing this support unit.
As you can see in the image, if the index number suffers in this range, we can expect a turn in the index.
You can change the trading decisions you have had so far in the event of a turn in the index.
This is just a view from our team, do not attach it to your trades.
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DXY LONG TERM ANALYSISI anticipate dollar to trade down towards 80. After which we shall look for longs towards 144. This is a long term outlook.
1. first we trade down towards sellside liquidity at 87.
2. Next key level is the 3 month fair value gap at 84
3. Eventually hitting the 25 DRT of the current dealing range at 80.
4. Then we can look to go long targeting 75 DRT of the parent Dealing Range.
5. We shall be coming here weekly to review and correct course as the market unfolds.
THANK YOU.
DXY (Dollar Index) longs to shortsThe dollar has been bearish for several weeks, but we’re now starting to see signs of a potential retracement due to price being in oversold territory. Last week, DXY reacted from a key weekly demand level, suggesting that we could see some short-term bullish movement before any continuation to the downside.
I’ll be watching closely for price to either push higher into liquidity or retrace slightly deeper into more discounted demand zones for a cleaner long setup. This would also align with my short setups across other major pairs, making DXY strength a key narrative this week.
Confluences for DXY Longs:
DXY has been bearish for an extended period — now showing signs of accumulation on higher timeframes
Price may retrace upwards to collect liquidity before continuing its macro downtrend
Recently reacted from a major weekly demand zone
Imbalances and liquidity above, including Asia highs, remain untapped
P.S. If price fails to react from any of my current POIs, I’ll patiently wait for new zones to develop and adjust accordingly — always staying aligned with what price tells us.
Let’s stay sharp and crush the week ahead!
Could we see the price rise from here?US Dollar Index (DXY) has bounced off the pivot and could rise to the 1st resistance which is also a pullback resistance.
Pivot: 97.10
1st Support: 96.70
1st Resistance: 97.77
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DXY LOCAL SHORT|
✅DXY is about to retest a key structure level of 98.000
Which implies a high likelihood of a move down
As some market participants will be taking profit from long positions
While others will find this price level to be good for selling
So as usual we will have a chance to ride the wave of a bearish correction
SHORT🔥
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Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
DXY Trade Setup✅ Trade Setup Details:
Entry: 96.850
Stop Loss (SL): 96.650
Take Profit (TP): 97.350
✅ This is a good RRR. A 2.5:1 ratio means you're risking $1 to potentially earn $2.50 — favorable for consistent trading.
📈 Chart & Technical Analysis (based on your image):
✅ Entry is near the middle Bollinger Band and above Ichimoku cloud — a technical support zone.
✅ SL is placed below recent support and Ichimoku base, giving some buffer in case of volatility.
✅ TP at 97.350 aligns with the recent swing high or top of the breakout channel.
⚠️ Things to Watch:
If DXY drops below 96.700, it may signal weakness or a shift in sentiment — watch volume and price reaction.
If price stays above cloud and rising trendline, your trade remains valid.
🟢 Summary:
Bias: Bullish
Setup: Good technical entry with solid support below and clear resistance target.
Risk-to-Reward: Excellent (2.5:1)
Strategy: Hold unless price breaks below 96.650 with volume.
US DOLLAR: Sell opportunity following channel breakPrice on DXY recently broke above a sharp descending channel, but the move lacked presence. There was no real follow-through and certainly no conviction behind the candles. It felt hesitant, as this is a great indication for us to use.
Instead of accelerating upward, price now hovers just above the breakout, this kind of behavior suggests rather a random push than a shift in sentiment. Without the strength to sustain above structure, I think we will see the price come back to the channel's lower border.
And when breakouts fail, they often trap early longs, preparing for a more committed move in the opposite direction.
A rejection from this level could send price into the 0.85800 level.
Continuation of DXY bullish narrative, who says NO?Like I said in my last published post, dxy is bullish for now till we see otherwise. The first TP has been reached, more than 100 pips bagged, the trade is still on but I'm looking at a possiblity of compounding here. I told you guys, this trade will make you a huge amount of money if you're willing to ride it with me.
This means bearish EURUSD AND GBPUSD et al. Trade accordingly. We may have a final sweep of 97.260 area. You can wait for that sweep before entering. I'm not, I won't be on chart then but the stop will hold. Few pips won't change the trade idea will it?
Follow me as my trades are usually market order, so you'll see them on time and enter on time.
Enjoy
US dollar, Trump has done it!Since the start of 2025, the US dollar has established itself as the weakest major currency on the Forex market, falling by over 11% against a basket of major currencies. If we extend the reference period to include Donald Trump's return to the presidency, the slide even reaches 12%. This spectacular decline is no accident, but the fruit of a strategy deliberately implemented by the Trump administration. The stated aim is clear: to restore the commercial competitiveness of American companies, boost exports and restore the price advantage of products made in the USA. In this respect, the fall of the US dollar on the FX has fulfilled its mission. Can we now envisage a low point for the US dollar on the FX?
1) US dollar: the battle for currency competitiveness has been won for US companies, and this should have a positive impact on the second-quarter results of S&P 500 companies published this July
Indeed, the fall in the dollar translates directly into a much more favorable environment for exporting groups, particularly those which generate the bulk of their sales in Europe or Asia. The conversion of foreign currencies into dollars mechanically boosts revenues and margins. For many multinationals, this factor is likely to contribute to strong earnings releases in the second quarter, as the reporting period takes place this summer. Beyond the immediate impact on corporate accounts, the greenback's depreciation is also encouraging a more structural trend towards reindustrialization and support for domestic production. The effects of this dynamic can already be seen in certain manufacturing segments, which are regaining international market share. Nevertheless, this scenario is not without its downsides: a weak dollar makes imports more expensive, especially raw materials, and weighs on companies dependent on foreign inputs. On the whole, however, the exchange rate policy implemented since January represents a successful gamble by Donald Trump to boost American competitiveness.
2) Technical analysis: can we anticipate a low point for the US dollar?
The crucial question today is whether the US dollar can pull back further, or whether a technical and fundamental bottom is emerging. From a technical analysis point of view, the DXY index, which measures the value of the dollar against a basket of currencies weighted 57% by the euro and 13% by the yen, remains anchored in a bearish trend. Some of the theoretical targets evoked by Elliottist analysis have been reached, but not all. However, long-term supports are visible on monthly charts: an uptrend line, particularly visible on the arithmetic scale, could act as a short-term stabilizer. Note that a potential bullish divergence is also possible on the weekly timeframe. But a bullish reversal pattern is still lacking to speak of a major low point, so let's not put the cart before the horse.
3) Scenarios and stakes for the rest of the year for the US dollar on FX
Beyond technical considerations, the persistent weakness of the US dollar acts as a revealing indicator of the tensions between trade policy and financial stability. On the one hand, a dollar under pressure is a powerful lever for supporting exports and consolidating US growth in an uncertain global context. On the other, a prolonged fall in the greenback fuels concerns about international confidence in dollar-denominated assets, and makes imports more expensive, which could rekindle inflationary pressures. This dilemma lies at the heart of the forthcoming trade-offs between the White House and the Federal Reserve.
For investors and companies exposed to Forex, several scenarios are conceivable. If the U.S. political agenda leads to a trade compromise, and if second-quarter publications confirm the robustness of the U.S. economy, the dollar is likely to find a technical floor around the supports identified on the DXY. In this scenario, a stabilization phase, or even a moderate rebound, could set in during the second half of the year. Conversely, if the trade stimulus policy is accompanied by a hardening of relations with Europe and China, or if the Fed is slow to react, the downward momentum could be prolonged.
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DXY Short From Resistance! Sell!
Hello,Traders!
DXY made a nice rebound
From the lows but will soon
Hit a horizontal resistance
Around 97.900 from where
We will be expecting a
Local bearish correction
Sell!
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Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
DXY: Bears Are Winning! Short!
My dear friends,
Today we will analyse DXY together☺️
The recent price action suggests a shift in mid-term momentum. A break below the current local range around 96.860 will confirm the new direction downwards with the target being the next key level of 96.760.and a reconvened placement of a stop-loss beyond the range.
❤️Sending you lots of Love and Hugs❤️
Potential USD Strengthening Ahead | DXY vs BTCUSD Outlook
⚡ The DXY has now reached the lower boundary of its long-term ascending channel, a historically significant technical zone where rebounds have occurred in the past.
💡 If this pattern holds, a strong rebound towards the 121 level on the DXY looks probable in the coming months.
What does this mean for BTC?
Historically, a strengthening USD has often resulted in a reciprocal effect on BTCUSD, leading to downward pressure on Bitcoin prices. The chart suggests that if the DXY rebounds as expected, BTCUSD could witness a significant decline proportionate to the USD's strength.
Key Takeaways:
✅ DXY at crucial technical support – rebound likely.
✅ Target for DXY: 121 zone.
✅ BTCUSD may face downside pressure as USD strengthens.
✅ MACD showing early signs of bullish reversal potential for DXY.
Note: This is a technical analysis-based view. Always use risk management and combine multiple factors before trading decisions. For Educational purpose only.
💬 What are your thoughts? Will the USD rally put pressure on Bitcoin again? Share below!
3 key reasons why the U.S. dollar is losing value📉 According to J.P. Morgan, here are 3 key reasons why the U.S. dollar is losing value:
1️⃣ Oil and energy deals are now being done in other currencies
2️⃣ U.S. banks are excluded from new global payment systems
3️⃣ Countries are reducing their USD reserves
The world is slowly shifting away from dollar dependence...
#USD #DollarDecline #JPMorgan #ForexNews #DeDollarization #OilTrade #CurrencyShift #GlobalEconomy #SmartMoney #FXForever #MarketUpdate #ForexTraders #USDBreakdown #EconomicTrends #GlobalFinance