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U.S. Dollar Index

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DXY trade ideas

EUR/USD Selloff CaseGood morning everyone. Going to try to keep this short and sweet. DXY, as of about 0830EST, broke through all hourly Camarilla resistance levels. The last being 104.560. The next targets would be at 104.795, 104.833, 104.871, and 104.987. EUR/USD has broken through first 1HR/4HR support level at 1.0782. Next two levels would be 1.0772, and 1.0762. After these levels are broken. I'll look to trade to 1.07. Going into this selloff, we were in a bearish symmetrical triangle. Though I do not rely heavily on indicators, MACD, RSI (both reg. and sto.) are aligning with this downward momentum. Stop loss around previous around 1.0830 which the hour 200-EMA is peaking under. The DXY upward pressure is also supported by the election anticipation of Donald J. Trump winning. Rising 10-year yield is also support the greenback. BOJ is not looking to hike rates this week. Listened to a few earnings calls. Everyone is beating earnings so far. VIX is up. Feels like risk-on but keep in mind that the market made a major move up prior to any reports. Folks getting greedy and anxious going into election and big data week. Let's see if JOLTS today, IJC on Thursaday, and NFP on Friday still show a strong labor market. If so, definitely can forget about a 50 bps cut. 94.8% priced in for a 25 bps cut and 5.2% with no cut. Of course, like Socrates, I'm objective and humble to accept that it's possible for none of this to happen. If we get a break back about 1.0805, a level got from my brother @ThePipAssassin I'm tracking resistance levels at 1.0825, 1.0851, 1.0877, and 1.0919. If we get anywhere near these, believe I'll be looking for 1.10 because I did identify a FVG to the downtrend in DXY. Of couse none of this is to be taken as trading or financial advice. I am simple giving you my own analysis. Trade at your own risk and I encourage everyone to do your own research and check my thoughts. Please give feedback. Going to start doing this a lot more. Follow, like, and share por favor. God is love!
TVC:DXY
by Arkad2021
DXY weekly direction for this weekLooking at the weekly in DXY ,looking for uptrend. The PL might work as the rejection, the H1 line which you can will act as a support/resistance when market approaching that level. If the market broke below the PL and H1 near PL. The market have shifted the direction to SELL. Remember US election just around the corner. Market will react to the economics events instantly. So if any spike during this week and next week or rally towards to the upside or downside its normal during US Election season. Beware with the trade SL when entering the trade. Always manage your RISK %.
TVC:DXY
by tradingwith_ryann
DXY DirectionAs long as I see clear Bullish STR on the 4H and the buyers still in control, I would like to keep selling the other symbols against the Dollar (GBPUSD/EURUSD etc'...). As I see it, we were in a range between supply and demand (marked as trendlines) and now we are pushing into supply zone (?Let's see if it hold?). From this point there are two scenarios for me: 1. Supply is holding and DXY will drop towards 101-102 2. Buyers will go over the sellers and keep pushing higher, to 110 zone. *That's only my personal opinion and not any advice to take action. And as we all know... we can't predict anything and things can change// Trade safe.
TVC:DXYLong
by noamayalon1
#DXY 1DAYDXY Daily Analysis The DXY (US Dollar Index) is currently testing a key trendline support on the daily chart and has recently formed a bullish engulfing pattern near this support level. This combination of trendline support and a bullish engulfing area suggests a potential upward reversal, creating a favorable buy setup. Technical Outlook: - Pattern: Trendline Support with Bullish Engulfing - Forecast: Bullish (Buy Opportunity) - Entry Strategy: Buy near the trendline support and bullish engulfing area Traders may consider entering a buy position near this support area, targeting higher resistance levels. Additional confirmation from indicators like RSI indicating oversold conditions or MACD showing a bullish crossover can strengthen the signal and support the bullish outlook for the DXY.
TVC:DXYLong
by PIPSFIGHTER
King Dollar is Back!DXY surged this week, bolstered by strong U.S. economic data. Durable Goods Orders for July spiked by 9.9%, far exceeding expectations, while Q2 GDP growth was revised up to 3.0%, indicating robust economic activity. The labor market remained stable with Initial Jobless Claims slightly below forecasts and Continuing Claims steady. On the downside, the housing market showed weakness, with Pending Home Sales dropping by 5.5%, reflecting challenges in that sector. Despite this, the overall data supports a bullish outlook for the dollar. As we approach the next trading week, key support levels like 101.00-101.50 and last week’s highs will be critical areas to watch for potential long entries.
TVC:DXYLong
by trader9224
DXY bulls are enjoying the moment. But for how long?Yes, the positivity is coming in for DXY bulls, but is it just an illusion? Stick around and let's take a quick look. TVC:DXY Disclaimer: easyMarkets Account on TradingView allows you to combine easyMarkets industry leading conditions, regulated trading and tight fixed spreads with TradingView's powerful social network for traders, advanced charting and analytics. Access no slippage on limit orders, tight fixed spreads, negative balance protection, no hidden fees or commission, and seamless integration. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. easyMarkets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
EASYMARKETS:USXUSD
by easyMarkets