DXYAfter the liquidity removal and complete filling of the weekly FVG, a short structure begins to form on lower time frames.
Targets for decline:
Target 1 = 105
Target 2 = 103.1
Target 3 = 99
DXY trade ideas
Your current most important DXY target until...The first target scenario in my mind for DXY is the Monthly fair value gap.
Market structure is now aligned for that too to play out.
- A monthly bullish gap is present below current price (inside the monthly accumulative range)
- A weekly bullish gap is being disrespected to the downside (indicating the lack of momentum, leaving this range)
- On the daily, price respects and creates bearish PD arrays.
I'm bearish on the higher timeframes, targeting the Monthly fvg, as long as price is closing below the Daily gap outlined in the chart.
(This is not to say that there are no high quality trades on the lower time frames, such as targeting the most recent daily gap to the upside)
Ok be safe byyyyyyy
possibility of correctionGiven the index's behavior within the current resistance range, it is expected that the downtrend will continue.
Bearish Dollar = Bullish for cryptoThe image speaks for itself.
It's historically proven.
Matter of time for crypto.
DXY short idea dxy has been bearish
price broke out of a strong area of support around the 107.480 region
we could anticipate a retest of 107.480 to go lower
or if price decides to respect current price of 107.070 which is aligned with H4 structure looking left, we could see her falling from that specific price
The dollar rebounds to a short rise of 1.618, recovers slightly The dollar rebounds to a short rise of 1,618, recovers slightly
DXY short setup📉 USD Dollar Index (DXY) Short Setup 📉
Entry: Around $107.00
Stop Loss: $107.50 (Above resistance level)
Target: $106.00 (Support zone)
Risk-Reward Ratio: ~2.0
🔹 Potential breakdown of ascending trendline 📉
🔹 EMA alignment showing weakness 🔻
🔹 Rejection near key resistance level 🔴
Looking for confirmation for entry. Let me know your thoughts! 💬 #DXY #USDollar #Forex #Trading
USD: Fading bearish momentumOur baseline view for this week has been that the dollar correction has run its course, and we still favour chasing a USD rebound against other G10 currencies. There is admittedly some residual room for a risk-on/dollar-off move once a potential Russia-Ukraine peace deal is agreed, but markets are largely pricing it in at this stage and there are no guarantees for now that it will allow to price out longer-run geopolitical risk.
Today, markets will remain focused on any developments on the US-Russia bilateral talks on Ukraine, but barring a major breakthrough, the optimistic push and relative upbeat risk sentiment may stall or fade in the next couple of days and the dollar can continue to recover some ground.
Also on the positioning side, there is some evidence that the dollar longs are slightly less stretched. CFTC USD positioning versus G10 currencies excluding SEK and NOK (which are not reported) has inched back lower to a seven-week low, albeit remaining above +20% of open interest.
Macro developments will likely play a secondary role this week, with the exception of tomorrow’s FOMC minutes. Today’s Empire Manufacturing index and TIC flows out of the US should have limited market impact.
DXY cool offDXY has just completed its 3rd right-translated cycle, with three minuscule waves in the last daly cycle. DXY has been hugging the top of the Bollinger Bands since October. For me, this might suggest a completed leg, which could favor Bitcoin as DXY cools off
#USDX 4HUSDX (4H Timeframe) Analysis
Market Structure:
The price is forming a flag pattern, which is generally considered a continuation signal. This indicates that the market is in a consolidation phase after a strong move, and a breakout could lead to further bullish momentum.
Forecast:
A buy opportunity may arise if the price breaks above the upper trendline of the flag pattern, confirming bullish strength.
Key Levels to Watch:
- Entry Zone: A buy position can be considered after a breakout above the flag pattern with strong volume.
- Risk Management:
- Stop Loss: Placed below the recent low to manage risk.
- Take Profit: Target the next key resistance levels based on previous price action.
Market Sentiment:
The flag pattern suggests that the market is pausing before continuing its upward move. Waiting for a confirmed breakout will help align with the prevailing trend and avoid false signals.
18.02.25 Morning ForecastPairs on Watch -
OANDA:XAGUSD
FX:EURUSD
FX:AUDUSD
A short overview of the instruments I am looking at for today, multi-timeframe analysis down to what I will be looking at for an entry. Enjoy!
The dollar can do it to bounce back up into the sky. The dollar can do it to bounce back up into the sky.
DXY - Potential Pull Back before short strategyIn my mind have two scenario .. all with a short view for Dollar.
In the first we can have a strong break of support area directly
In the second we can have a pull back until 108.5 area
In this second way we will have a creation of an H&S pattern
This is my idea.
DXY IndexDXY Index
Symmetrical Triangle as an Corrective Pattern in Short Time Frame
Completed " 12345 " Impulsive Waves
Break of Structure
Bearish Channel as an Corrective Pattern in Short Time Frame
$dxy lower, $iwm to catch a bid back over 230?Seasonality headwinds this week and next but if dxy keeps heading lower and rates come down, I think the market will buck the trend.
Look at past years of strong January into Valentine's. Not all February's have ended weak the last 2 weeks.
Correction vs. Upside Break: Key Thresholds at 107 and 110My primary scenario is a correction. The current wave structure suggests the completion of an motive wave forming an ‘ending diagonal.’ After testing the 0.618 Fibonacci retracement zone, the market shows signs of a downturn. If the index settles below the nearest support (around 107), a deeper pullback toward 105 and lower becomes possible.
The alternative scenario is a breakout to the upside. The area around 110 serves as the key invalidation level for this scenario: a decisive break above 110 would indicate the potential for renewed growth.
Overall, the outlook points to a high likelihood of a correction. However, if the price breaks above 110, the bullish scenario regains relevance.
ICEUS:DXY CAPITALCOM:DXY TVC:DXY
DXY Is Bearish! Short!
Please, check our technical outlook for DXY.
Time Frame: 7h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The price is testing a key resistance 106.448.
Taking into consideration the current market trend & overbought RSI, chances will be high to see a bearish movement to the downside at least to 105.539 level.
P.S
We determine oversold/overbought condition with RSI indicator.
When it drops below 30 - the market is considered to be oversold.
When it bounces above 70 - the market is considered to be overbought.
Like and subscribe and comment my ideas if you enjoy them!
DXY Weekly BiasMy bias for this index is bearish and the price might target the Sellside Liquidity at 105.4. My Optimum Trade Entry would be around the 107.28 Zone.
DXY Long
On the weekly Time Frame the DXY has broken above a previous weekly resistance level (wPb).
Price has since Re-Tested this level and seems to be finding Support.
Last weeks candle (week 6) printed what I believe, has proven to be a strong reversal candle (with Bullish Divergence), indicating the bearish correction (Re-Test of wPb) is about to reverse Long.
In light of this I'll be looking for a reason to enter Long on the 4h Time Frame, inside the wPb Zone & aiming for the w6 High.
Stumbling DXY ahead of Trump speech and FOMC minutesIt is make or break time for my ideas on the DXY after the DXY failed to hold levels above the 50-day MA at 108. The critical support between 107.2 and 107.5 is currently being tested after the DXY closed the week 1.2% weaker at 106.8 despite US CPI rising for the 4th consecutive month coupled with a rather hawkish yet upbeat testimony before congress from Fed chair Powell, which in my opinion was all dollar positive. US CPI for the month of January came in hotter than expected at 3.0% yoy, up from 2.9% in December. Additionally, on top of Powell’s comments regarding the strength of the US economy, the ISM Manufacturing PMI completely shattered expectations after coming in stronger than expected at 50.9 for the month of January. The DXY however pulled back sharply on Thursday off the back of a weaker than expected initial jobless claims report and a stronger than expected PPI print of 3.5% yoy. The downward momentum gained further traction after core retail sales completely missed expectations, contracting 0.4% mom in January.
If the DXY does not close this week above the support at 107.2 I’ll have to invalidate my series of ideas calling for a move to 112.2. A break below my support range mentioned above will allow the DXY to slide all the way onto the support of the 38.2% FIbo retracement at 105.4 and the 200-day MA currently at 104.9. I’m not ready to invalidate the idea just yet since we may be looking at a bear trap on the DXY but I may have to get back to the drawing board after this week’s trading.
