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U.S. Dollar Index

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DXY trade ideas

Levels discussed 2nd October2nd October DXY: Consolidating, could retrace to 101.10 (23.6%), looking to break above 101.40 and trade up to 101.80 (stay above 100.90 to maintain bullish) NZDUSD: Sell 0.6265 SL 20 TP 55 AUDUSD: Sell 0.6860 SL 20 TP 40 (forming H&S pattern) GBPUSD: Sell 1.3240 SL 30 TP 80 EURUSD: Sell 1.1045 SL 20 TP 40 USDJPY: Could continue ranging, Buy 144.80 SL 40 TP 120 USDCHF: Sell 0.8470 SL 15 TP 55 USDCAD: Buy 1.3475 SL 20 TP 60 Gold: Could trade up to 2665, could be held briefly along bearish trendline.
TVC:DXY
by JinDao_Tai
DeGRAM | DXY a pullback from the resistance levelDXY is moving above the descending channel between the trend lines. The price reached the resistance level, after which it instantly reacted with a decline. This level has already acted as an important resistance and a pullback point last time. The chart is moving from the upper trend line to the dynamic support. We expect the pullback to continue after retesting the resistance level. ------------------- Share your opinion in the comments and support the idea with like. Thanks for your support!
TVC:DXYShort
by DeGRAM
3
DeGRAM | DXY disruption of the descending structureDXY is moving in a descending channel above the trend lines. Having bounced off the support, the price broke the dynamic resistance and approached the upper boundary of the channel. The chart has broken the descending structure and is now above the resistance level. We expect the rebound to continue after consolidation above the upper boundary of the channel. ------------------- Share your opinion in the comments and support the idea with like. Thanks for your support!
TVC:DXYLong
by DeGRAM
1
DXY (Dollar Index) Technical Analysis and Day Trade Idea👀 👉 The DXY (Dollar Index) recently shifted into a bullish structure on the 4H timeframe, with price now approaching a key resistance level. This could present a potential short day trade opportunity. In this video, we analyse the DXY in detail, reviewing the trend, market structure, and price action, while exploring a possible trade setup. Disclaimer: Forex trading carries significant risk, and market conditions can change rapidly. The information provided is for educational purposes only and does not constitute financial advice. 📉✅
TVC:DXY
by fxtraderanthony
1
Will the escalation of the Middle East tension boost the dollar Macro theme: - The dollar strengthened after Fed Chair Jerome Powell struck a more hawkish tone last week, scaling back traders' expectations of another 0.50% rate cut at the next meeting. - The safe-haven demand following the possibility of Middle East escalation boosted the dollar. - The US Aug JOLTS data showed 329,000 more jobs, indicating a more robust labor market than anticipated. Technical theme: - From the 4-hour chart, DXY broke its Wedge pattern and closed above both EMAs with the golden cross. This indicates a potential recovery from its previous sideways-down trend. - If DXY breaks above 101.33, the index may strengthen to retest 101.80 resistance confluences with its descending trendline. - On the contrary, DXY may retest 100.90-101.00 before upward movement. Analysis by: Dat Tong, Senior Financial Markets Strategist at Exness
TVC:DXYLong
by DatTong
DXY Major Support TestWe have a pretty interesting situation with fed fund futures moving all over the place. Lots of speculation about soft vs hard landing, speed of rate cuts, etc. I'm really not sure what I even think will happen to things like DXY and BTC in the near future, but I do know that TA says DXY should have support here and if it doesn't hold it's likely going to lead to more continuation down. This 100 area has been strong support since Feb 2023. This is the fifth or sixth test of this area in the last 18 months. Clearly an important spot. Either it's going to break 100 and accelerate to the downside or it's going to hold the current range. This is both horizontal support and the first retest of the big downtrend breakout from the high in 2022 we got back in April. That also happened to be during a time of war escalation fears from Iran's strikes. Seems likely we will see at least some sort of bounce, but this could be the time it breaks and it would probably be a big time break. DXY has been in this range from ~100-105 for over a year. It's gonna move quick if it does break down, I'm pretty sure of that much at least.
TVC:DXY
by AdvancedPlays
Dollar Index (DXY) Looking for a Flat Elliott Wave CorrectionShort Term Elliott Wave View in Dollar Index (DXY) suggests that decline to 100.2 ended wave 1. Rally in wave 2 is in progress as an expanded flat Elliott Wave structure. Up from wave 1, wave (a) ended at 101.14 and pullback in wave (b) ended at 100.91. Wave (c) higher ended at 101.47 which completed wave ((a)) in higher degree. Wave ((b)) dips takes the form of a double three Elliott Wave structure. Down from wave ((a)), wave (w) ended at 100.4 and wave (x) ended at 101.23. Wave (y) lower ended at 100.15 which completed wave ((b)) in higher degree. The Index has turned higher in wave ((c)). Up from wave ((b)), wave (i) ended at 100.54, and pullback in wave (ii) ended at 100.18. Wave (iii) higher ended at 101.39 and pullback in wave (iv) ended at 101.15. Expect the Index to extend higher 1 more leg in wave (v) to finish wave ((v)) of 2 in higher degree. Afterwards, expect the Index to resume lower. Possible target for wave (v) of ((v)) of 2 is 100% – 161.8% Fibonacci extension of wave ((a)). This comes at 101.4 – 102.1 area.
TVC:DXY
by Elliottwave-Forecast
Is DXY Finally Bullish? 101.000 Broke with BULLISH Momentum..DXY is showing signs of pulling back after reaching the top of its daily ATR range, indicating potential exhaustion in the current bullish momentum. I’m anticipating a short-term retracement as the index begins to pull away from these elevated levels. My focus is on a potential retest of the 100.800 level, which previously acted as a key support from which the market rallied to new highs. This area will be critical in determining if the DXY can find support again or if it will continue to slide further. Stay cautious of volatility and how upcoming U.S. economic data may influence this move.
TVC:DXY
by trader9224
** Dollar index enters bull market - Life cross prints **On the above 2 day chart price action has entered a bull market. We define this as: 1) The 2-day 50-day SMA (blue line) crossing up the 2-day 200-day SMA AND 2) Price action above the 2-day 200-day SMA. Both of those conditions have now confirmed. The Dollar index is in a bull market. The previous life cross (idea below) printed in November 2021. The dollar index rallied 20% after the cross, I’m sure you noticed. Is this another 20% bull market like 2021? Unfortunately, it is looking that way. However much higher. Not only that but there is evidence to support a faster rate of change in the uptrend. At the moment the dollar index remains in a trading range that began in November 2022. Markets are likely to remain unaffected until the index exits that range. A bull flag has printed since the trend reversal and life cross. The bull flag extension would take price action outside the trading range. When this happens AND past resistance confirms as support… be in cash. No stocks no crypto no metals no animal spirits. This bull market has a 1st target area with the index rallying to 130. Yes you read that correctly. A detailed explanation of why and when this is likely to happen is written elsewhere. Ww November 2021 Life cross
CAPITALCOM:DXYLong
by without_worries
19
DXY Bullish: First Time Since December 2023 (vs Bitcoin)My dear supporter, it is not only Bitcoin that will enter a major correction, the SPX, DJI, NDX and all major stocks are also sitting on very strong bearish charts. The whole financial economy is about to crash... With that said, we look at each chart individually. We are now considering the DXY, the U.S. Dollar Index. We know that this index moves in an inverse faction compared to Bitcoin and the stock market. This index last turned bullish in December 2023. After peaking in April 2024, it is going bullish again now and it has been producing a bottom formation for an entire month. This is a long time to produce a bottom which means that this is a strong bottom. We know Bitcoin is bearish and moving lower. We know of the lower highs, trading below MA200, the strong bearish volume and all the other dynamics; This signal is a major signal and the last confirmation. We are now seeing the DXY go bullish and this in turn works as a bearish signal for Bitcoin. The DXY can be read in many other ways but we are looking at its relation with Bitcoin because we focus first on the Cryptocurrency market. The DXY is set to move up and will produce its biggest bullish wave since December 2023. See the 'Related publications' for some of the charts that I see bearish, such as: SPX, NDX, DJI, NVDA & Bitcoin. Thank you for reading. Namaste.
TVC:DXYLong
by AlanSantana
6