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#DXY 1DAYDXY Daily Analysis The DXY (US Dollar Index) is trading near a trendline resistance on the daily chart. This resistance is a critical level where selling pressure may dominate. A breakdown below the nearby support line would confirm bearish momentum, offering a strong sell opportunity for further downside. Technical Outlook: Pattern: Trendline Resistance Forecast: SELL (Sell Opportunity upon Support Breakdown) Entry Strategy: Enter a sell position once the price breaks below the support line and confirms the breakdown with bearish price action, such as a strong close below the support or a retest of the broken level as resistance. Traders should watch indicators like RSI for overbought conditions or MACD for a bearish crossover. Use proper risk management by placing stop-loss orders above the trendline and setting profit targets at subsequent key support zones.
TVC:DXYShort
by PIPSFIGHTER
1
Analyzing DXY: Key Clues for USD Pair Trading Opportunities👀👉 In this video, we dive into the DXY index and analyze its bearish break of market structure on the 4-hour chart, highlighting the mounting pressure on the dollar. We discuss the importance of monitoring price action through the London session into the New York open, waiting for potential liquidity runs and pullbacks before the daily or weekly trend emerges. Learn how the DXY provides vital clues for trading correlated and inversely correlated currency pairs, unlocking potential opportunities across the forex market. Don’t miss these key insights to stay ahead in your trading! Not financial advice.📊✅
TVC:DXY
by fxtraderanthony
Shorting the Dollar: A Madman's GameI’m going to take this trade—it's close enough to the level where it would invalidate my idea. I may tighten my stops a bit, but I’m okay with taking a second shot later if I get stopped out. The Dollar is indeed strong right now, so I’m going against the trend here. I’ll be aggressively taking profits if it dips a bit. If we push past 106.75, I might consider shorting it. This price action is looking very similar to the July-September 2023 move. TVC:DXY
TVC:DXYShort
by ZelfTrade
3
Analysis of the U.S. Dollar Index (DXY)Technical Analysis Monthly Chart: Since January 2023, the DXY has been moving within a range. The upper boundary of this range was marked by the 107.348 level, which has now been cleared. This breach of the previous high suggests that liquidity above the range has been taken, signaling the potential for a downside move. Historically, such liquidity grabs often precede significant reversals, aligning with the current bearish setup. Daily Chart: On the daily timeframe, the DXY displayed a sharp decline after taking out its last significant high. This aggressive sell-off has formed a strong bearish pattern, indicating a potential continuation to the downside. The presence of strong bearish momentum highlights sellers' dominance in the current market conditions, reinforcing the bearish outlook initiated by the liquidity grab on the monthly chart. Price Targets: Short-Term Target: A move toward 104.636 is expected as the DXY continues its bearish momentum, which aligns with immediate support and prior structural lows. Medium-to-Long-Term Target: If the bearish trajectory persists, the DXY could reach the 101.917 level, which aligns with a significant support zone from previous price action. This target reflects the potential for extended downside in a broader bearish scenario. Fundamental Analysis Federal Reserve and Interest Rates: Recent minutes from the Federal Reserve highlight concerns about continuing rate cuts due to the potential risks they pose to inflation. The Fed has signaled that further rate reductions would only be considered if both the labor market weakens and inflation continues to decline. However, these two factors are closely intertwined. Labor Market Conditions: Historically, the months of November and December exhibit strong employment trends due to holiday hiring. This seasonality reduces the likelihood of immediate rate cuts, as a robust labor market typically does not align with the conditions necessary for easing monetary policy. Inflation Outlook: For the Fed to proceed with aggressive rate cuts, inflation figures would need to remain stable or show further declines. If unemployment rises and inflation remains under control, the Fed may have room for another round of cuts. Such a scenario would support a long-term bearish outlook for the DXY, as lower interest rates reduce demand for the U.S. dollar. Summary and Outlook Technically, the DXY is positioned for further downside following the liquidity grab above the 107.348 level and the subsequent bearish pattern on the daily chart. Fundamentally, while seasonal strength in the labor market may delay immediate bearish moves, the broader macroeconomic context suggests that eventual rate cuts are likely. Key factors to monitor include: Unemployment data in the coming months. Inflation trends to confirm stability or further declines. Any changes in the Fed’s tone regarding rate policy. Price Expectations: In the short term, we could see the DXY reach 104.636, reflecting a retracement toward a key support zone. In the medium to long term, the DXY is likely to target 101.917, aligning with major support from prior price structures and further confirming the bearish outlook. If unemployment begins to rise and inflation remains under control, these targets become even more probable, reinforcing the alignment between technical and fundamental factors.
TVC:DXYShort
by Wiiso
Dollar Currency Index DXY Predicts Massive Crypto Bull RunHello, Skyrexians! In crypto trading and investment it's vital to not only analyze some particular assets, but also macro charts. We have already considered the Bitcoin Dominance chart to predict potential altseason in this article . Today we have even more important asset, the TVC:DXY , which reflects in which type of assets investors are about to be in. When crisis happens investors are scared, selling risky assets and buy dollar. In the worthy times investor are greedy to risky assets and dollar currency index decreases. Today we will try to explain why DXY is about to crush giving liquidity to risky assets like our favorite crypto. Let's take a look at the monthly time frame. It looks like DXY has ended the super cycle of any degree and now is printing correction. Waves A and B are likely to be finished already in this correction. The most impulsive wave C is incoming soon. To measure the targets we can use the Fibonacci retracement for the entire Elliott Waves cycle. Area between 0.5 and 0.61 is going to be our target. That's why we are waiting DXY between 88 and 93. Inside this area we plan to wait for the green dot on Bullish/Bearish Reversal Bar Indicator which works great in the past. Important note here is that you have to disable MFI filter on this indicator to work correctly on DXY. As always, alerts from this indicator are automatically replicated on my accounts. You can find the information in our article on TradingView. Best regards, Skyrexio Team ___________________________________________________________ Please, boost this article and subscribe our page if you like analysis!
TVC:DXYShort
by Skyrexio
2
Bullish bounce?US Dollar Index (DXY) has reacted off the pivot which is a pullback support and could drop to the 1st support which is a pullback support. Pivot: 106.18 1st Support: 105.27 1st Resistance: 107.04 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.
TVC:DXYShort
by ICmarkets
DXY/USD to strong setupUS Dollar defends its ground as markets digest FOMC minutes In Tuesday's session, the US Dollar Index (DXY) which measures the value of the Greenback against a basket of currencies, fluctuated near 107.00 following the release of key economic data. In the meantime, markets digest President-elect Donald Trump’s threat to impose tariffs on three of its largest trading partners and look for clues in the Federal Open Market Committee (FOMC) Meeting Minutes from the Novemeber meeting.In Tuesday's session, the US Dollar Index (DXY) which measures the value of the Greenback against a basket of currencies, fluctuated near 107.00 following the release of key economic data. In the meantime, markets digest President-elect Donald Trump’s threat to impose tariffs on three of its largest trading partners and look for clues in the Federal Open Market Committee (FOMC) Meeting Minutes from the Novemeber meeting. The US Dollar Index has exhibited a bullish bias, driven by strong economic data and a less dovish Federal Reserve (Fed) stance. Despite recent pullbacks due to profit-taking and geopolitical uncertainty, the uptrend remains intact. Technical indicators suggest potential consolidation with overbought conditions easing.
TVC:DXYShort
by KingForex078
Dxy down setup for allThe US Dollar (USD) holds ground at rather elevated levels on Monday with a very calm start of the week, with the US Dollar Index (DXY), which gauges the Greenback’s value against six major currencies, slightly in the red near a fresh year-to-date high reached last Thursday above 106.50. The main driver for the currency on Monday is the green light from the Biden Administration on Sunday for Ukraine to use long-range US missiles to target Russian infrastructures within Russian borders, just ahead of the G20 meeting in Rio De Janeiro this Monday. The US response comes after Moscow deployed nearly 50,000 troops to Kursk, the southern Russian region. Reporting on that, “the change comes largely in response to Russia's deployment of North Korean ground troops to supplement its own forces, a development that has caused alarm in Washington and Kyiv,” Reuters said.,.
TVC:DXYShort
by KingForex078
DXY, Is correction on the way ?Hello Traders, Hope you are doing great. for upcoming days and for a short period of time, we'll probably see a downward correction to Specified level in TVC:DXY , we also have a Divergence on 4H that confirms our theory. so with a proper trigger we can open a short position. We will also probably find better buy positions in FX:GBPUSD And FX:AUDUSD than the FX:EURUSD . Trade safe and have a great weekend. And finally tell me what do you think ? UP or DOWN ? leave your comment below this post. If this post was helpful to you, please like it and share it with your friend. THANKS.
TVC:DXYShort
by aminrzb
Is the DXY dollar index ready for a correction ? H4 08.11.2024💸 Is the DXY dollar index ready for a correction ⁉️ Looking back to 2016 when Trump first became US President, the dollar index initially reacted with a sharp rise and then a prolonged fall. I wonder if history will repeat itself again or if the market will take his second presidency more calmly in the distance. DXY formed a sellers' zone at 104.80-105.16, but the far resistance zone at 106 remains intact. It's not a sure thing that it will get there, but I keep the option in my head just in case. The priority for me is to fall from the nearest sellers' zone with the targets of 103.30 and lower to 102.30. I will specify in the process. TVC:DXY
TVC:DXYShort
by KovachTrader