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U.S. Dollar Index

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DXY trade ideas

Dollar At Resistance; Will Lower CPI Cause New Drop? We had a volatile start of a new trading week. The dollar moved higher across the board as the US and China appear to be moving toward lowering tariffs, suggesting progress toward a potential trade deal. As a result, stock futures are also trading to the upside. However, keep in mind that sharp moves on Monday can easily be reversed through the rest of the week, possibly even today, after US CPI came out lower than expected, which can cause some weakness on yeilds, and possibly FED will be ready to cut rates after-all. So, I think that USD can still come under pressure, especially if we also consider that rise on DXY is in three legs and that a lot fo gaps from this weekend are still unfilled.
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by ew-forecast
USD vying for Monthly Doji after April Support BounceMonthly charts are often underapprecaited by many retail traders. Sure, they're not very actionable as there's only 12 per year but they can do a great job of highlighting trends and broader market themes and, of interest for this scenario, possible turns. As a case in point, back in January the US Dollar had a full head of steam, and there was nary a bear in sight. But that month showed as a doji in the USD and in February, the tariff theme started to take over. It was a mild pullback that month but collectively, after two months of bulls stalling, many were ready to pull the plug and that's what showed in March and continued through April as the January doji led into a stern sell-off and fresh multi-year lows. In April, the USD was hit hard by a combination of tariff drama and trend continuation and a major spot of support eventually came into play around Easter Monday, taken from a trendline projection as well as the 38.2% Fibonacci retracement of the 2008-2022 major move. The bounce wasn't automatic, as there was a slow grind of higher-highs and higher-lows that got another boost around the FOMC rate decision earlier in May. That rally ran all the way until a major spot of resistance came into play at 102, at which sellers reacted. But at this point they've been stalled at another major spot on the chart of 98.98, which is helping to set a higher-low. And from the monthly chart, the USD is currently showing a doji on the monthly bar for May, which sets the table for a possible turn as we trade into the summer months. Key for this coming to fruition will be continued recovery in USD/JPY, which has had a major impact in the USD of late. And if we do see that theme of USD-strength continue, I still favor EUR/USD as a major pair of interest for that theme. - js
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by FOREXcom
DXY Asia delivery to London Delivery Analysis DXY Asia delivery to London Delivery Analysis JUNE 10 FRAMEWORK *Monday was a sell off *Current range is premium *Previous range is a discount *Minor buy side taken in dealer range *Sell side liquidity was taken at open of Asia Is today a raid the equal lows and a buy day? *Asia expanded rallied to equal highs *Retraced to the session .618 and consolidated *Previous session discount coming into London *I suspect that dxy might make a high of the week today and attack the major buy side Great analysis and great delivery. This is builds my confidence. Where I struggle to trust it when it comes time to react and make the trade I see rather than the noise I get stuck in. Very happy price played out to the Asia expansion and the highs I felt at 5 am I suspected for price to take. Celebrate what you can and keep going.
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by LeanLena
DXY next trading set upHi traders I decided to share with you DXY n next possible move that can take place anytime as you can see we've been dropping and it's most about time for recovery in order to simple follow my set up don't play short games and be controlled by small move that's why you fail,you cant come with H1 N H4 analysis while am showing a big picture of the trend the reason why I don't loose trade easily is because I follow right trend not spikes or short move,that's why I laugh sometimes wen I see horrible graphs in short time frames but I've realized that they cant see what am seeing and I must just leave them in peace until they understand how market moves,I did 5 ninets n 25 minets all less than daily but they always wrong n just change meaning they are weak n fake, real shit daily n weekly you are following right trend the only way is to generate liquidity into position and they will give you right point of your entries,if you are addicted into gambling it might take you years to realize how easy it is to follow the trend,first identify the trend you want to trade know if it's uptrend or down trend or range check how it moves in bigger time frame,am not gonna entertain 5 minets trade while am using weekly n monthly time frame we are not seeing the samething,just start to position yourselfs from here until 96 if possible but is likely to gain in few days but that double buttom it looks nasty n not strong soo a bit manipulation n you'll see dxy raising again this is not a gambling my friends were you get money by mistakes you get it by knowing how to follow the system I wish you all profitable week,I will never give you entries soo that you can learn to generate liquidity into positions I do not control the market soo telling you straight point what if market won't reach those point it's useless,soo best is to shows point of interest you counter them n jump in why should I supposed to lie n talk many things that it won't even happen lols,traders I wishy you all the best n profitable week be blessed.
TLong
by mulaudzimpho
DXY NPF delivery and Week Ahead IdeasDXY NPF delivery and Week Ahead Ideas F DELIVERY RETRACE Sell side taken expected buy day to which price delivered *20:00 expands from equilibrium to minor buy side *22:40 judus swing fake to the down side *0:00 expands to session equal highs, previous session equal highs, and FVG *5:00 small retrace *7:30 expansion to take equal highs liquidity *8:30 ND sell side and buy side scoop *8:35 expansion to buy side *small retrace *9:00 expansion to buy side take buy side liquidity *10:00 silver bullet retraces to .70 taking session equal lows *10:30 reverses to buy side and rebalance a FVG consolidates *11:20 retraces to .618 bounces off consolidates on the 50 *1:00 expansion and then a back and forth as price moves narrowly into a consolidation to close NY JUNE 9 Ideas *Price takes key equal highs in NY *Parent bias is bear -this week bias is looking for higher prices over all *possible target for the week is the 50 at price 99.474 *Price is delivering to a premium previous session *I would expect an expansion to seek sell side liquidity in noted equal lows Monday’s delivering, if Sunday consolidates? I will watch for reactions at the session 50 just below the equal lows and go from there. Remember this can all change with Sundays delivery.
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by LeanLena
Just got the May NFPs... Let's have a lookWe just received the May NFPs, which, overall, are not bad. Let's dig in. TVC:DXY TVC:DJI FX_IDC:USDJPY FX_IDC:USDCAD TVC:GOLD Let us know what you think in the comments below. Thank you. 77.3% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Past performance is not necessarily indicative of future results. The value of investments may fall as well as rise and the investor may not get back the amount initially invested. This content is not intended for nor applicable to residents of the UK. Cryptocurrency CFDs and spread bets are restricted in the UK for all retail clients.
MARKETSCOM:DOLLARINDEX
by Marketscom
DXY June 6 Over all notesDXY June 6 Over all notes Parent bias is bear Discount range current/previous MONDAY-EXPANSION *Expands to equal lows TUESDAY REVERSAL *gaps lower *Rally to retrace *Creates equal highs WEDNESDAY REVERSAL-CONSOLDATION *Gaps lower * takes equal highs *Expands lower creates equal lows THURSDAY CONSOLIDATION-EXPANSION *Asia retrace to minor buy side, taps a bearish order block, CE of hourly FVG *London 2 macro expansion sell off *classic 7 macro retrace fake out *NY 8 macro ND Price expands to target of the week equal lows *NY 10 macro SILVER BULLET reversal *Consolidation *dealers range retraces to 50 level F DELIVERY RETRACE Sell side taken expected buy day *Asia on the 50 level previous session-sign that price is seeking buy side liquidity *20:00 expands buy side TAKE AWAYS- REMEMBER THIS Parent bias is KING *4 hour is bias and order flow *1 hour confirm cycle where price has delivered to and what liquidity taken *5 equal lows/highs and candle formations TRADE CHECKLIST confirming bias, direction, liquidity taken, previous session fib levels, and time of day are the keys In hindsight price delivered perfectly to a equilibrium to premium logic, back tested logic for direction on Wednesday, Thursdays speculation for new driver. Wow it must be random ICT 2022 model
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by LeanLena
1. "What do you think — is DXY ready to fly or fall?"DXY 4H Analysis – Decision Time for the Dollar? After completing a falling wedge with a clean 5-wave Elliott structure, the U.S. Dollar Index is approaching a key demand zone. Will buyers step in to push price toward the bullish target near 106 📈? Or will we see another rejection from the supply zone and a deeper drop to 94? 📉 Wave A or Wave B? Market structure shows signs of reversal, but confirmation is still pending a break of resistance or further rejection. 👉 What do you think — bounce or breakdown? Comment your view below ⬇️ Let’s see who’s riding the next big wave 🌊 #DXY #USD #ElliottWave #SupplyAndDemand #GreenFireForex #ForexAnalysis #WaveTheory
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by Greenfireforex