USDX trade ideas
Fridays CLS, Key Level OB, IFVG, Model 1Fridays CLS, Key Level OB, IFVG, Model 1
Bearish USD so bullish on EURUSD, GBPUSD, NZDUSD
you are welcome to comment with your thoughts and share your charts or questions below, I like any constructive discussion.
What is CLS?
This company is trading for the biggest investment banks and central banks. They trade over 6.5 trillion daily volume. They are smart money of the all markets.
CLS operates in the specific times which will give you huge advantage and precisions to you entries. Focus on that. Its accuracy is amazing.
Good luck and I hope this educational post helps to become better trader
“Adapt what is useful, reject what is useless, and add what is specifically your own.”
Dave FX Hunter ⚔
30.01.25 Morning ForecastNothing on main watch for me today! A lot of pairs need some development in forming their structures. It's in these times where we need to be able to take a step back, understand it is not a time to be aggressive and stay patient for when entries next shape up.
We have some USD and EUR news today to be aware of, but nothing major.
Catch you guys tomorrow!
DXYDXY, or the U.S. Dollar Index, measures the value of the U.S. dollar against a basket of six major currencies: the euro (EUR), Japanese yen (JPY), British pound (GBP), Canadian dollar (CAD), Swedish krona (SEK), and Swiss franc (CHF). It serves as a key indicator of the dollar’s strength in global markets. The index is influenced by factors such as Federal Reserve policies, interest rates, inflation, and geopolitical events. A rising DXY indicates a stronger dollar, while a falling DXY suggests a weaker dollar, impacting commodities, forex pairs, and global trade.
DXY Trading JournalDXY Trading Journal
Jan30
Price took buy stops from last Friday, closed just above where it opened.
Price did in fact seek higher prices, gravitating to the equal high, rebalancing a Hourly FVG and creating equal highs inside a FVG it rebalanced I did not have noted. COOL!
Tuesday was consolidation pattern, yesterday a expansion to buy side and then a reversal in NY.
Today in Asia price is opening to a consolidation in a previous sessions discount. Have to read the chart for clues if Price will retrace back up to the 50% and take the FVG?
Price is delivering to a premium on the Daily chart and current range. I consider that we might see Price seek lower prices, with a FVG, volume imbalance, with a event horizon and multiple MOGs lower I suspect could be the magnet. be nimble and read what the chart offers.
Could be another low resistance day of price action. The set up are getting easy to spot.
Will Trump replace Powell as Fed Chair? Will Trump replace Powell as Fed Chair?
The Federal Reserve has kept interest rates unchanged in its first meeting of the year, but markets are watching for Donald Trump’s response.
Last week, Trump demanded the Fed lower interest rates and talked about how he was more qualified to set interest rates for the country. While he has no direct authority over rate decisions, he does have the power to nominate board members, including the Fed Chair.
With Jerome Powell’s term expiring in May 2026, markets are already speculating on whether he would move to replace him —possibly even before his term ends. Trumps petulance shouldn't be underestimated. A leadership change at the Fed could have significant implications for markets, with a Trump-aligned chair likely to push for lower rates, potentially weakening the dollar while strengthening U.S. equities.
DXY - Waiting Guidance from FOMCDollar is currently sitting very close to Bearish trendline like EURUSD and it needs a catalyst to break above or reject from here. With FOMC expected to keep rates unchanged and remain Hawkish, there's a high probability that this will break up for a Bullish move. However nothing can be confirmed until news comes. Therefore please remain cautious when trading around News.
For entries, please wait for at least two candle reversals at the specified level and apply appropriate risk management.
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Disclaimer: This content is intended for educational purposes only and does not constitute financial advice.
US DOLLAR INDEX (#DXY) Remains Bullish Bias The Dollar Index has shown a strong bullish pattern on the 4-hour chart.
There is a small trading range indicating an exhausted market, with the resistance being broken.
The contracting demand zone is made up of a trend line and a broken horizontal structure.
It is likely that the bulls will continue to drive prices upwards.
**DXY Approaching Key Resistance – Potential Sell Setup**This DXY 1-hour chart suggests a potential sell opportunity around the 108.400 resistance zone. The price is approaching the marked "Possible to sell zone," and the analysis indicates waiting for bearish confirmation before entering a short position.
Key Observations:
- **Resistance Zone:** 108.400 area acts as a key resistance, previously causing reversals.
- **Bearish Confirmation:** Suggested before entering a sell position.
- **Downside Targets:**
- **First Target:** 107.749
- **Second Target:** 107.444
- **Final Target:** 106.951
If price rejects this resistance with bearish price action, it could confirm a short setup. Conversely, a breakout above 108.400 may invalidate the bearish outlook.
DXY Dollar Index Ahead of Key Central Bank DecisionsDXY Dollar Index Ahead of Key Central Bank Decisions
The DXY Dollar Index has experienced a pullback over the past two weeks after reaching a multi-year high. Currently the index stands at 107.90, down by over 2% from its highest level this month
Major key events influencing the index:
Central Bank Decisions:
Focus is on interest rate decisions from key central banks, including the Bank of Canada, the Federal Reserve and European Central Bank (ECB). The ECB is expected to cut rates by 0.25%, BOC is expected to cut rates by 0.25%, while the Federal Reserve is anticipated to maintain high interest rates on hold today.
The recent US economic data showed a rise in the Consumer Price Index (CPI) and a strengthening labor market. The Federal Reserve's decision to maintain a wait-and-see approach amid rising inflation trends has caused the US dollar show some weakness.
Key Levels to Watch:
Support Levels: 106.80 and 106.0.
Resistance Levels: 108.50 and 109.40.
You can share your opinion below!
Thank you:)
DXY US DOLLER INDEX BEARS READY TO TAKE CONTROL (READ CAPTION)Hello Traders! Here is my (DXY) ANALYSIS Share Your Opinion About This Chart
This trade setup is based on the Technical Analysis of the DXY Chart identified the down trade. Traders should exercise caution and consider there risk management before entering this trade.
Now (DXY) Current trading in 107.800 and this position is trying to go down side 107.000/ to 105.000 so today we focus on Bearish trend. Resistance Level 108.500 Bear on the strike
Key Levels:
Trend: Bearish
Sell Target
Target 1) 107.000
Target 2) 106.000
Target 3) 105.000
Support Zone: 104.000/103.500
This Analysis is my personal opinion trade at your own risk
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Dollar broke and retested the monthly support Dollar dropping to the monthly support. Donald is now in office, and he is focused cutting interest rates. On the weekly I see an inverted head and shoulders a big pattern sign of reversal to the downside. I am looking to see if price will continue to drop.
DXY Trading JournalDXY Trading Journal
Jan29
Gross price action yesterday. The whip saw back and forth taught me that MM are gathering up orders and a large move could be, on the way.
Red folder impact presented a very weak move.
Shut my computer after being exhausted waiting for a set up. Great day to learn WHEN TO TAKE THE DAY OFF.
Today USD has 3 red folder. I will see what Asia shows and potentially watch from a far London. With Price hugging .618 level it would seem likely for it to want to come up into the noted Hourly FVG.
Be nimble and only read what the charts shows me for direction of what inefficiency and liquidity it wants to take.
DXY LOOKS TO HEAD DOWN LOWER FOLLOWING FOMC ON WEDNESDAYDXY is retesting the previous fractal low zone from the (Buy Before The Sell). The weekly golden retracement is still not reached (0.382 Weekly Retracement). Following the FOMC anything can occur including spikes and market confusion. Trade all major dollar pairs with careful understanding.