USDX trade ideas
Dollar Index Having Bullish MomentumDollar Index shown good bullish momentum on previous day as we analyzed it earlier. Index has created a imbalance now the possibility for the index is to retrace back to imbalance and continue the bullish momentum and target towards the supply zone and swing high.
Dollar Index Analysis [DXY]Market has show upper wicks for last 3 days which is the sign that there is still sell pressure. The daily candles for this week are range bound. 4H chart is showing short term uptrend which is maintaining higher highs and higher lows. We can use this range to have scalps in this range.
Could the price reverse from here?The US Dollar Index (DXY) is rising towards the pivot, which has been identified as a pullback resistance that aligns with the 50% Fibonacci retracement and could drop to the 1st support.
Pivot: 97.90
1st Support: 96.74
1st Resistance: 98.67
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
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. IC Markets 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.
DXY Trade Setup✅ Trade Setup Details:
Entry: 96.850
Stop Loss (SL): 96.650
Take Profit (TP): 97.350
✅ This is a good RRR. A 2.5:1 ratio means you're risking $1 to potentially earn $2.50 — favorable for consistent trading.
📈 Chart & Technical Analysis (based on your image):
✅ Entry is near the middle Bollinger Band and above Ichimoku cloud — a technical support zone.
✅ SL is placed below recent support and Ichimoku base, giving some buffer in case of volatility.
✅ TP at 97.350 aligns with the recent swing high or top of the breakout channel.
⚠️ Things to Watch:
If DXY drops below 96.700, it may signal weakness or a shift in sentiment — watch volume and price reaction.
If price stays above cloud and rising trendline, your trade remains valid.
🟢 Summary:
Bias: Bullish
Setup: Good technical entry with solid support below and clear resistance target.
Risk-to-Reward: Excellent (2.5:1)
Strategy: Hold unless price breaks below 96.650 with volume.
Continuation of DXY bullish narrative, who says NO?Like I said in my last published post, dxy is bullish for now till we see otherwise. The first TP has been reached, more than 100 pips bagged, the trade is still on but I'm looking at a possiblity of compounding here. I told you guys, this trade will make you a huge amount of money if you're willing to ride it with me.
This means bearish EURUSD AND GBPUSD et al. Trade accordingly. We may have a final sweep of 97.260 area. You can wait for that sweep before entering. I'm not, I won't be on chart then but the stop will hold. Few pips won't change the trade idea will it?
Follow me as my trades are usually market order, so you'll see them on time and enter on time.
Enjoy
Bullish for DXY, tuesday trading still bullish on dxy, two areas of interest are those two 4hr fvg shown. Thier is also sellside liquidity , whcih we can sweep or we can have a deeper retracement, and touch the second fvg. I am still expecting a bullish dollar for the week, even tho my weekly objective has been met. The US10Y looks really strong and the u.s trasury bonds look week. The only thing is that if you look at the eurusd chart, we have equal highs, so that can be something to watch.
Dollar Index OverviewThe Dollar moving as we expect it to within the Gold Fund! As soon as we saw a '5 Bearish Wave Completion' on the DXY, straight away buyers entered the market & start pushing price back up.
My Gold Fund investors & Gold Vault Academy students know from our 'Q3 Market Breakdown Report' what we're expecting for the Dollar in the next 3 months.
Major resistance level ahead?US Dollar Index (DXY) is rising towards the pivot and could reverse to the 1st support.
Pivot: 97.90
1st Support: 96.46
1st Resistance: 98.57
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
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. IC Markets 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.
DOLLAR INDEX TRADING CHEACK LIST.
The dxy is the measure of the united state dollar relative to basket of six majors foreign currencies, it was originally developed by U.S Federal Reserve in 1973 to provide a trade -weighted average value of the dollar against global currencies.
the six currencies are EURO 57%,JPY 13.6%,GBP 11.9%,CAD 9.1% SEK 4.2% CHF 3.6%
The index rises when the dollar strengthens against these currencies and falls when it weakens ,its used to gauge the overall strength of the us dollar in the global market.
US10Y
THE US10Y ,the treasury note yield is the interest rate the U.S government pays to borrow money for 10 years ,it serves as a crucial benchmark for other interest rates and is a key indicator of the investor sentiment about the economy, in context it reflects the return an investor expect for lending money to the U.S. government for a decade .
the interest is paid semi annually at a fixed coupon rate and the yield moves inversely to bond price; when bond price fall the yield rises, and vice versa .
this have a direct effect on borrowing cost across the economy ,including mortgage rates and corporate loans .
when yield is rising investor optimism is high about the economic growth and inflation ,while failing yield indicates economic caution and recession fear and concern
technical interpretation of the monthly chart
the dxy is in buy back position on ascending trendline line ,but price remains below supply roof and if we get monthly retest of broken demand floor we could see price selling off.
trading is 100% probability.
$DXY: New lows begets new lows. $USM2: Why is it increasing? Here we are again with one more TVC:DXY chart analysis. I think the US Dollar does not fail to surprise us week after week. Making new lows every week is giving a boost to the Equity markets. The SP:SPX and NASDAQ:QQQ are at ATH. In my articles on April 18 and June 16
Perfect trade setup: AMEX:GLD to 325; DXY to 95 for AMEX:GLD by RabishankarBiswal
TVC:DXY weakness and EM markets: NSE:NIFTY more upside? for NSE:NIFTY by RabishankarBiswal — TradingView
We have time and again said that in the near term TVC:DXY chart looks weak and could touch 95 by end of July. I think it might be achieved earlier. We have looked at the consequences of 95 handle on TVC:DXY on various asset classes like AMEX:GLD , NSE:NIFTY and EMs. These asset classes are reaching ATH every single week. But we have seldom investigated the reason behind the weakness in $DXY. Looking through my macro charts I found an amazing chart which might explain most of this weakness.
The ECONOMICS:USM2 is almost at 22 T $ surpassing its previous high on March 2022. M2 is basically the total amount of money in circulation in the economy on top of the nominal M1. Higher M2 indicates higher amount of liquidity which is then channelized into riskier assets like CRYPTOCAP:BTC , AMEX:GLD , SP:SPX , NASDAQ:QQQ and EMS like $NIFTY. And with such high ECONOMICS:USM2 in circulation, it is very clear why TVC:DXY is making new lows each week. This can also explain why US Fed is hesitant to reduce rates. With M2 so high US Fed should not hurry.
Verdict: TVC:DXY to 95 by 31 July, Cycle low of 90 by year end. ECONOMICS:USM2 keeps increasing. US Fed stays put.
Dollar I Daily CLS I Model 1 I Time for pullbackHey, Market Warriors, here is another outlook on this instrument
If you’ve been following me, you already know every setup you see is built around a CLS Footprint, a Key Level, Liquidity and a specific execution model.
If you haven't followed me yet, start now.
My trading system is completely mechanical — designed to remove emotions, opinions, and impulsive decisions. No messy diagonal lines. No random drawings. Just clarity, structure, and execution.
🧩 What is CLS?
CLS is real smart money — the combined power of major investment banks and central banks moving over 6.5 trillion dollars a day. Understanding their operations is key to markets.
✅ Understanding the behavior of CLS allows you to position yourself with the giants during the market manipulations — leading to buying lows and selling highs - cleaner entries, clearer exits, and consistent profits.
📍 Model 1
is right after the manipulation of the CLS candle when CIOD occurs, and we are targeting 50% of the CLS range. H4 CLS ranges supported by HTF go straight to the opposing range.
"Adapt what is useful, reject what is useless, and add what is specifically your own."
— David Perk aka Dave FX Hunter ⚔️
👍 Hit like if you find this analysis helpful, and don't hesitate to comment with your opinions, charts or any questions.
FOLLOW THE TREND The DXY is showing signs of a momentum shift, transitioning into a bullish recoup as Q2 progresses. This shift may signal a change in broader market sentiment, with the dollar seeking strength amidst evolving macroeconomic conditions. Traders should watch for confirmation at key structural levels. follow for more insights , so you can make informed decisions ,comment for opinions , and boost idea
Could we see the price rise from here?US Dollar Index (DXY) has bounced off the pivot and could rise to the 1st resistance which is also a pullback resistance.
Pivot: 97.10
1st Support: 96.70
1st Resistance: 97.77
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
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. IC Markets 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.
Dollar Index-Stops At Gap ResistanceAfter just a temporary setback in stocks and a brief move higher in the dollar earlier this week, we’re once again seeing a strong reversal across the board. This comes after Donald Trump extended the July 9th tariff deadline to August 1st, giving more time for trade negotiations with various countries. That brought some optimism back into the markets, and if stocks continue to gain, the dollar index is likely to remain in its downtrend.
In fact, the dollar index stopped right at the June 26th gap near the 97.70 resistance level. We believe that the corrective price action from July 1st could now be coming to an end, and the market may resume lower—especially if we get a breakout below the corrective channel support near 97.
GH
US DOLLAR ANALYSIS !!The US Dollar has broken below its ascending channel structure. The Ichimoku Cloud is now serving as a resistance zone, suggesting ongoing bearish pressure. If the retest of the broken pattern holds, further downside movement is likely.
Given the usual inverse relationship between the US Dollar and the cryptocurrency market, this development could carry notable implications for crypto traders.
Stay alert!
US DOLLAR: Sell opportunity following channel breakPrice on DXY recently broke above a sharp descending channel, but the move lacked presence. There was no real follow-through and certainly no conviction behind the candles. It felt hesitant, as this is a great indication for us to use.
Instead of accelerating upward, price now hovers just above the breakout, this kind of behavior suggests rather a random push than a shift in sentiment. Without the strength to sustain above structure, I think we will see the price come back to the channel's lower border.
And when breakouts fail, they often trap early longs, preparing for a more committed move in the opposite direction.
A rejection from this level could send price into the 0.85800 level.
3 key reasons why the U.S. dollar is losing value📉 According to J.P. Morgan, here are 3 key reasons why the U.S. dollar is losing value:
1️⃣ Oil and energy deals are now being done in other currencies
2️⃣ U.S. banks are excluded from new global payment systems
3️⃣ Countries are reducing their USD reserves
The world is slowly shifting away from dollar dependence...
#USD #DollarDecline #JPMorgan #ForexNews #DeDollarization #OilTrade #CurrencyShift #GlobalEconomy #SmartMoney #FXForever #MarketUpdate #ForexTraders #USDBreakdown #EconomicTrends #GlobalFinance