DXY Seasonality shows Dxy "Dollar" is bearish in December!
So i want to trade on sell side only on December!
EU is looks fine with bullish setup
DXY trade ideas
DXY bearish looking. potential head and shoulders and lower timeframe upchannel as bearish pattern, important key rejection level
USDX "Dollar Index" Bullish Heist PlanHello! My Dear Robbers / Money Makers & Losers, 🤑 💰
This is our master plan to Heist USDX "Dollar Index" Market based on Thief Trading style Technical Analysis.. kindly please follow the plan I have mentioned in the chart focus on Long entry. Our target is Red Zone that is High risk Dangerous level, market is overbought / Consolidation / Trend Reversal / Trap at the level Bearish Robbers / Traders gain the strength. Be safe and be careful and Be rich.
Entry 📈 : Can be taken Anywhere, What I suggest you to Place Buy Limit Orders in 15mins Timeframe Recent / Nearest Low Point take entry should be in pullback.
Stop Loss 🛑 : Recent Swing Low using 4H timeframe
Target 🎯 : 107.500
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DXY - ANALYSISHello friends! I’d like to share my perspective on the Dollar Index ( DXY ) with you.
Based on what I see on the chart, I expect the Dollar to make a small pullback to the upside and then continue its downward movement.
If the Dollar Index breaks the level of 106.506 on the 15 minutes timeframe, I anticipate a further drop.
My first target for the Dollar Index is 105.722 .
Trade safe
DXY Best level for a long-term short.The U.S. Dollar index (DXY) has been trading within a 1.5 year Channel Up pattern (since July 14 2023) and just 2 weeks ago it formed a Golden Cross on the 1D time-frame. Having hit the pattern's top a week earlier, the current rebound seems to technically be part of the Lower Highs/ Lower Lows top formation, similar to October 03 - November 01 2023 peak.
That was 1 year again, a peak formation that was also formed after a 1D Golden Cross. This indicates that the long-term pattern (Channel Up) is highly symmetrical and as the 1W RSI is also declining after a rejection on the 70.00 overbought barrier, we consider the current level the best possible short entry.
The Bearish Leg that followed the 2023 High extended as low as the 0.786 Fibonacci level. As a result, we expect to see at least 102.000 (just above the 0.786 Fib) before any signs of a rebound.
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DXY_1D&1WAnalysis of the US dollar index Analysis in medium and long term time frame The index is in an upward trend and can continue to rise only by maintaining the trend line. In terms of price action, two numbers 102.200 and 105.700 are important and as long as the price is maintained above these two numbers, the trend is upward. Unless the downward trend line is broken, different conditions should be analyzed and checked again.
I think its time for the USD reversal. Bull flag trap is set.They always make it look like bull flat before reversing it.
Will it play again, maybe, anyway 6 Months ClS range was tagged and we are back inside.
you are welcome to comment with your thoughts and share your charts or questions below, I like any constructive discussion.
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Dollar Index (DXY): Clear Strength?!
Looks like Dollar Index is ready for more growth.
I see 2 strong bullish confirmations after a retest of a recently broken horizontal resistance:
the price violated a resistance line of a symmetrical triangle and a neckline of a horizontal range.
A strong bullish imbalance indicates a high momentum.
We can anticipate more growth.
Goal - 107.13
❤️Please, support my work with like, thank you!❤️
DXY: Bullish reaching 110 levels- Expecting Dollar index to be bullish to the end of the year ,
- On a short-term basis you can see price retested to the demand zone last week and swept the liquidity from the last minor low at 105.600 and closed above with a strong bullish daily candle.
- Next minor high at 106.700 could be a great confirmation for the move so consider closing above that price your final signal.
U.S. Dollar IndexHello dear traders,
In the past week, we witnessed the release of numerous economic news that had significant impacts on the market. These reports, especially concerning the U.S. economy, greatly influenced the price trends of the U.S. dollar (DXY) and other currencies.
Analysis of Economic News from Last Week
Various reputable economic organizations published reports including employment data, unemployment rates, and changes in Gross Domestic Product (GDP). Notably, the non-farm payroll (NFP) report, which was expected to indicate an increase in new jobs, turned out to be below expectations. This created heightened concerns about the strength and stability of the U.S. economy, which in turn pressured the dollar.
Additionally, the announcement of high inflation rates and interest rates had compounded effects on market trends. While an increase in interest rates was anticipated, the negative news regarding economic growth raised concerns that future Federal Reserve meetings might be affected. Consequently, these combined factors led traders to adopt a cautious outlook on the market, resulting in price declines in the currency markets.
Technical Impacts on the Market
From a technical perspective, the U.S. dollar (DXY) chart has been showing bearish signals, and as previously mentioned, we expect a downward correction in the coming weeks. Price trends in the DXY align well with the recent economic news, as the breakdown of key support levels, such as 107.243 , and the formation of bearish patterns indicate weakness in this currency against others.
Given the technical analysis, we can point out that if the downward trend in DXY continues, the charts of the euro (EUR), British pound (GBP), Australian dollar (AUD), and New Zealand dollar (NZD) will offer suitable buying opportunities. Particularly if corrections in DXY persist, we can expect further appreciation in these currencies.
Conclusion
Considering the detailed analysis of economic news and the technical conditions, it is recommended to keep in mind that rapid and significant changes in the market may occur following new announcements. With careful attention and appropriate risk management, you can take advantage of the upcoming opportunities.
Thank you for your support and trust, and I hope the insights provided are beneficial for you.
Fereydoon Bahrami
"A retail trader in the Wall Street trading center (Forex)."
Wishing you success!
DXY FORECASTIn this analysis we are focusing on 1H time frame for finding the upcoming moves and changes in DXY price. Here I'm using base and trendline strategy along with price action. Let's see what happens and which opportunity market will give us.
Always use stoploss for your trade.
Always use proper money management and proper risk to reward ratio.
This is just my analyze or prediction.
#DXY 1H Technical Analysis Expected Move.
DXY closing the yearly candle with bullish intentWe await to see what the DXY wants to do.
Will it respect the bearish array and seek to complete it's sellside rebalance?
Or will it seek further buyside clearing of old inefficient range above from the yearly chart?
I believe the new year candle will seek the high of the current candle closing. We will have some time to see this play out.
Dollar Index (DXY): Very Bullish Sentiment
Dollar Index completed a consolidation, violating
a resistance of a wide horizontal range on a daily.
It opens a potential for more growth.
The market may keep rising, at least to 107.45
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DXY Poised for Potential Reversal - Update Fundamental AnalysisDXY Poised for Potential Reversal - Update
DXY tested a strong zone dating back to September 2024. The odds suggest that DXY could begin a reversal process from its current position near 107.50 - 108.00.
Based on previous analysis, DXY performed well, and the chances for a similar performance are high.
The support areas to watch are located near 106.20, 104.70, and 103.50.
However, on the bigger picture, it's expected to move down even further up to 101.00
📺You May Watch The Video For Further Details 📺
Thank you:)
DXY Range Rotation / Harmonic - UpdateHello dear traders
Here is an update to my HTF analysis on DXY, it took much more time to print the move towards the upside than i expected.
We formed a very clear 3-Wave connector (ABC) which makes me stick to my overall Plan to look towards my lower targets.
Trade safe.
CCNils
Buy DXYOur last buying idea hited our target
Now reached our strong supply zone and retested successfully
Just open into sell now and hold till target
Is DXY Heading Above Previous High?Hey Traders, in today's trading session we are monitoring DXY for a buying opportunity around 106.800 zone, DXY is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 106.800 support and resistance area.
Trade safe, Joe.
DXY- Will it continue up into year's end?December is usually a bearish month for the USD. However, this time, the situation could be different. The USD seems well-supported by fundamentals, and the technicals are looking bullish.
Looking at the 4-hour chart, we can see that after the local high at 108, the index started to fall and broke below the support from the April-May highs (old resistance). However, after hitting a low at the 105.50 zone, the USD Index reversed, breaking above the falling trendline of the corrective falling wedge and also reclaiming the 106.40 resistance.
At this moment, there is a high chance of upward continuation, and as long as the 106–106.40 zone remains intact, the outlook remains valid.
DXY STILL BEARISH AFThis move up these past few day is just to clear liquidity as SMC traders will say; to retest the neckline of the head and shoulder as some others will say; to retest the 50% fib; to return to discount level etc.
The point is... it is going down and to get an entry, you have to see it before it prints and that's what I'm here to show you.
The only thing that can go wrong is that it may shake out early sellers by taking out 106.8 again but I dont think it's likely, but be open to it. I'm already in...
Is USD Setting Up for a Retrace?👀 👉 The DXY (USD) has shown strong momentum, rebounding sharply from a key support level and pushing into this 4H resistance zone. In my view, the price seems overextended, and I’m anticipating a retracement within the current price swing range back to equilibrium. 📢 *Disclaimer: This content is not financial advice.
Possibility of uptrend It is expected that after some fluctuation and correction to support levels, a trend change will take place and we will witness the beginning of an upward trend.
DXY Technical Analysis: Quasimodo Pattern Alert!The DXY (US Dollar Index) chart reveals a significant Quasimodo Pattern, a classic trend reversal signal indicating potential downside momentum. The key resistance level at 107.14 stands strong. If this level isn’t broken, we may see the price sliding down to the 104.13 support zone.
💡 What does this mean for the markets?
1️⃣ Forex: A weaker DXY could drive EUR/USD and GBP/USD higher, while USD/JPY might head lower.
2️⃣ Gold: A declining dollar often supports gold prices, pushing them upward.
3️⃣ Crypto: A DXY drop may provide a bullish push for risk assets like BTC and ETH.
4️⃣ Stock Market: A weaker dollar could benefit US exporters, potentially boosting equity markets.
🔍 Key focus now: Will the 107.14 resistance hold, or will we see a reversal from here? Stay tuned—big moves could be ahead! 📉📈
