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US Dollar Index CFD (USD)

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USDX trade ideas

"US Dollar Index (DXY): Bearish Rejection at Key Resistance ZoneThis chart for the US Dollar Index (DXY) on the 2-hour timeframe highlights a clear resistance zone around **109.034–109.278**, where price has rejected multiple times (marked by the orange circles). This indicates strong selling pressure at this level. ### Key Observations: 1. **Double/Triple Top Formation**: The repeated rejection around 109.034 suggests that sellers are defending this area. 2. **Bearish Bias**: The projection arrow indicates a potential bearish move from this resistance zone toward lower support levels around **108.380** and possibly further. 3. **Stop Loss Zone**: The red zone above 109.278 likely represents an invalidation level for any short positions. If price breaks and holds above this zone, it could signal further bullish momentum. 4. **Support Areas**: The highlighted zones below (around **108.380** and **108.000**) serve as potential profit-taking or reversal zones for shorts. ### Potential Trade Idea: - **Sell Zone**: Around 109.034–109.278. - **Target 1**: 108.380. - **Target 2**: 108.000 (if momentum continues). - **Stop Loss**: Above 109.278. This aligns with a bearish rejection play at resistance. However, if DXY breaks above 109.278 with strong momentum, you might consider switching bias to bullish. Always watch for confirmation before entering!
CAPITALCOM:DXYShort
by TRADE_CENTER_1
1
Levels discussed on livestream 8th Jan 20258th January 2025 DXY: Consolidating just below 50% (108.70), stronger ADP, DXY break higher, to 109.20 NZDUSD: Sell 0.5620 SL 20 TP 30 AUDUSD: Look for reaction at 0.62 strong round number support GBPUSD: Sell 1.2450 SL 25 TP 80 EURUSD: Sell 1.0320 SL 30 TP 60 USDJPY: Watching that 158 resistance level EURJPY: Sell 162.95 SL 30 TP 60 GBPJPY: Sell 196.50 SL 30 TP 70 USDCHF: Buy 0.9120 SL 20 TP 50 USDCAD: Buy 1.4385 SL 20 TP 50 XAUUSD: Consolidating below 2655, potential break out to upside, to 2672
TVC:DXY
by JinDao_Tai
DOLLARThe Federal Open Market Committee (FOMC) meeting minutes from December 17-18, 2024, provide valuable insights into the Federal Reserve's stance on the economy and monetary policy. Economic Overview The US economy has continued to expand at a solid pace, with real GDP growth remaining steady. Labor market conditions have eased slightly, but the unemployment rate remains low at 4.2% Inflation Consumer price inflation has decreased, with total PCE price inflation at 2.3% and core PCE price inflation at 2.8% in October. However, inflation remains somewhat elevated Monetary Policy The FOMC decided to lower the target range for the federal funds rate by 25 basis points to 4.25%-4.50%. The Committee judges that the risks to achieving its employment and inflation goals are roughly in balance Future Outlook The FOMC will continue to monitor incoming data and assess the balance of risks. Market participants expect the pace of rate cuts to slow considerably in 2025, with the median respondent expecting 75 basis points of cuts for the full year Additional Insights The FOMC minutes also discussed the potential reinstatement of the debt limit in 2025, which could result in substantial shifts in Federal Reserve liabilities. Additionally, the minutes noted that market participants expect central banks in advanced foreign economies to continue reducing their policy rates in 2025 ¹.
TVC:DXY
by Shavyfxhub
DXY Higher= Lower CryptoOne potential negative catalyst for crypto over the coming weeks could be the move higher in the DXY. I think the Euro in particular is going to get crushed to a new all-time low as the FX market prices in just how dynamic the USA economy is going to become versus the ultra constrained Eurozone econony. This is likely going to be a catalyst for Bitcoin and crypto weakness. As pointed out in the Biyond daily newsletter crypto bearish catalysts are far and few between so it does make sense if this potential DXY 114 helps a much needed crypto correction in early 2025.
TVC:DXYLong
by nathanbatchelor
1
here is an analysis for the DXY (U.S. Dollar Index) on the 30-m Based on the chart provided, here is an analysis for the DXY (U.S. Dollar Index) on the 30-minute timeframe: ### Observations: 1. **Resistance Zone (Blue Area)**: - The price is approaching a marked resistance zone around 109.000. - The annotation "wait for bearish confirmation" suggests this level is significant, and traders are looking for signs of reversal (e.g., bearish candlestick patterns or failure to break above). 2. **Key Levels**: - **109.000**: Strong resistance zone where selling pressure is anticipated. - **108.600-108.400**: A support zone below, indicated by green shaded areas. - **107.800**: A major lower support zone, indicating where buyers might step in strongly if the price drops significantly. 3. **Market Structure**: - **Higher High (HH)**: The price has created a higher high, indicating bullish momentum in the short term. - **Change of Character (ChoCh)**: Highlighted earlier in the chart, signaling a shift from bearish to bullish structure during the recent recovery. 4. **Potential Scenarios**: - If the price forms bearish confirmation at the resistance zone (e.g., double top, bearish engulfing), a sell-off might be expected toward the first support level around 108.600. - If bullish momentum continues and the price breaks and retests above 109.000, it could target higher levels. ### Strategy: - **For Selling**: - Wait for bearish confirmation around 109.000. - Potential targets could be the support zones at 108.600 and 108.400. - **For Buying**: - Monitor if the price respects the support zones (108.600-108.400) and shows bullish signs for potential entries. - If price breaks below these support zones, consider 107.800 as the next key level.
TVC:DXYShort
by TRADE_CENTER_1
Elections and Markets: Bitcoin Hits Record $75,000 amid Trump’s 🌎 Global Market Impact from the US Presidential Election With ballots still being counted, the financial world is buzzing with anticipation over Donald Trump’s possible return to the White House. This election has set off movements in stocks, the US dollar, forex pairs, and cryptocurrencies, affecting global markets even before an official result is announced. 🚀 Bitcoin Surges to All-Time High Bitcoin spiked to an unprecedented $75,000 as market confidence grows around Trump’s chances. With Trump’s support for crypto-friendly policies, this is seen as a bullish indicator in the digital assets space. 💬 Elon Musk Comments on Trump’s Lead Elon Musk, who publicly backed Trump, expressed that Trump’s comeback signals a “clear mandate for change” in the US. The statement has fueled excitement in both the stock and crypto markets, further boosting sentiment around Trump trades.
TVC:DXYLong
by DreamAnalysis
1
DreamAnalysis | 2024 Comeback Shakes Markets🌎 Global Market Impact from the US Presidential Election With ballots still being counted, the financial world is buzzing with anticipation over Donald Trump’s possible return to the White House. This election has set off movements in stocks, the US dollar, forex pairs, and cryptocurrencies, affecting global markets even before an official result is announced. 🚀 Bitcoin Surges to All-Time High Bitcoin spiked to an unprecedented $75,000 as market confidence grows around Trump’s chances. With Trump’s support for crypto-friendly policies, this is seen as a bullish indicator in the digital assets space.
TVC:DXYLong
by DreamAnalysis
DeGRAM | DXY movement is in a rangeDXY is in a range, in an ascending channel between the trend lines. The price is moving from the lower boundary of the channel and is now testing the support level. The chart maintains an ascending structure and is now holding in the accumulation zone after the correction. At the moment the indicators have formed a bullish convergence on the 1H timeframe. We expect the price to rise if the index consolidates above the current range. ------------------- Share your opinion in the comments and support the idea with like. Thanks for your support!
TVC:DXYLong
by DeGRAM
1
DXY Looking Like It's Setting Up Towards Bearish Liquidity Grab! What's Up Chat, Welcome Forex Traders, Degens, & Investors. Let's jump right in, Dollar looks bullish however we're currently giving it time for it to consolidate, grab as much upside liquidity as possible, before it decides to have a trend reversal. {VISUAL GUIDE:} Eclipses: Have a Letter "M" or "D" Indicating Gaps in either the Monthly time frame or the Daily time frame. Black Lines: Represent Active Monthly liquidity. Blue lines: Represent Active Weekly liquidity. Yellow lines: Represents Active Daily liquidity. White lines: Represents Active 4HR liquidity. Green Landscape Line: Represents Trumps inauguration. Red Landscape Line: Represents 1st Lunar Cycle, FOMC, & Possible Psyop incoming which all has negative sentiment. In continuation, we're looking to sell the dollar, but are being patient to be able to snipe it at the right time. It would be smart to open up a position for a sell around this level, & if you're trading EUR/USD enter a buy position at this level. Small risk as were waiting to DCA, if market gives us a better price point. This is measuring out to be a 400-600 pip move to the downside 5-6% Bearish move or more.
CAPITALCOM:DXYShort
by DegenJake_
DXY short: Is USD strength coming to an end?In this chart, I plotted the potential Elliott Wave counts. But I need to point out the few things that I don't like about this count first: 1. Wave 1 down seemed too short to be supporting such a huge triple combination correction. 2. Wave 1 end is not the lowest point. The lowest point being end of first X wave (I can't find a way to force a 5-wave counts such that first wave ends on the first X wave simply because W-X is clearly a 3-wave. The best I can do is to have a 5-waves down that ends at first green a but that makes the subsequent corrective structure ugly.) In any case, this is now a low risk short. Stop above recent high. The next potential short is where the upper trendline is.
TVC:DXYShort
by yuchaosng
1
Levels discussed on livestream 7th Jan 20257th January 2025 DXY: For further downside to 107 support level, needs to break 38.2% and bottom of channel (107.80) or bounce off bottom of channel NZDUSD: Retracing, look for rejection at 0.57 or 0.5760 AUDUSD: Test and reject trendline, Sell 0.6280 SL 30 TP 60 GBPUSD: Break above 1.26 round number, Buy 1.2620 SL 30 TP 100 EURUSD: Buy 1.0440 SL 30 TP 90 USDJPY: Sell 157.50 SL 70 TP 140 EURJPY: Look for reaction at 165 resistance GBPJPY: Look for reaction at 197, Buy 197.25 SL 40 TP 90 USDCHF: Buy 0.9070 SL 30 TP 60 USDCAD: Could trade down to 1.4250, bullish trendline XAUUSD: No clear directional bias, choppy between 2625 and 2646, break, above 61.8% 2646 could trade up to 2655
TVC:DXY
by JinDao_Tai
2
DXY Trading JournalDXY Trading Journal Jan 8 Price is delivering to a premium on the M, W, Daily charts. 2 back to back large range days of Price delivery. I suspect that could consolidate during Asia possible London with the onset of 3 red folder scheduled in NY session that said I suspect that price will come down to the H FVG at the 50% possibly seek the second H FVG at the .79. Price could also be gravitating to the NWOG and seek equal lows noted. Cool to see Price consolidate around the event horizon and I will be watching for reactions around it as well. See how Asia plays out and go from there.
TVC:DXYShort
by LeanLena
US Dollar Index (DXY) Rising Channel IntactChart Analysis: The US Dollar Index (DXY) continues to trade within a well-defined ascending channel (green-shaded area), signaling sustained bullish momentum. 1️⃣ Ascending Channel: The DXY is consolidating near the channel's midline, with the upper boundary around 110.00 acting as a potential resistance area. A breakout above the channel's upper boundary would signal continued bullish momentum, while a retracement to the lower boundary around 106.00 could provide buying opportunities. 2️⃣ Key Support Levels: The 50-day SMA (blue line) at 106.50 is providing dynamic support, aligning with the channel's lower boundary. The 200-day SMA (red line) at 104.50 reinforces long-term support. 3️⃣ Momentum Indicators: RSI: Currently at 62, indicating bullish momentum but shy of overbought levels. MACD: Momentum remains positive, with the MACD line above the signal line, supporting the bullish bias. What to Watch: Monitor the channel's upper boundary for potential resistance or breakout opportunities. Watch for pullbacks towards the 50-day SMA and lower trendline for potential support levels. RSI and MACD trends will be key in confirming momentum strength or weakness. The DXY remains firmly within its bullish structure, with the ascending channel and moving averages providing a clear technical framework for traders to follow. -MW
TVC:DXY
by FOREXcom
1