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U.S. Dollar IndexU.S. Dollar IndexU.S. Dollar Index

U.S. Dollar Index

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DXY trade ideas

DOLLAR DROPPING?This week, I anticipate the DXY to retrace before continuing its recent bearish trend. Since reaching the weekly supply level, the price has consistently formed lower lows and lower highs. This bearish momentum aligns with the bullish trends seen in pairs like GBP/USD and EUR/USD, which I use as additional confluence. I’ll be watching for the price to retrace to around 106.400, a key area for potential sell opportunities on the dollar. This level aligns well with points of interest (POIs) in my other forex pairs, adding further confidence to this setup. Note: As we approach the final month of the quarter and year, market conditions may become less predictable due to lower volume. Stay alert, but manage expectations accordingly. Stay vigilant, and trade safe!
TVC:DXYShort
by Hassan_fx
DXY/ USD The US Dollar flat with dust settling over Nonfarm Payrolls number. The Greenback is being rebalanced with markets looking for a December rate cut from the Fed. The US Dollar Index (DXY) is back above pivotal support at 105.50, heading to 106.00The US Dollar Index (USDX) is an index (or measure) of the value of the United States dollar relative to a basket of foreign currencies. These currencies are the Euro (constituting 57.6% of the weighting), Japanese Yen (13.6%), British Pound (11.9%), Canadian Dollar (9.1%), Swedish Krona (4.2%) and Swiss Franc (3.6%). The index started in 1973 -with the absolution of Bretton Woods- with a base of 100.000, and values since then are relative to this base. For example, if the current reading says 99.800, this means that the dollar has fallen 0.2% since the start of the index (99.800 - 100.000)Being the Dollar Index a geometrically weighted index and not a trade-weighted one, it is too concentrated in Europe and does not include two of the U.S. top four trading partners Mexico and China. It does not appear to be used by corporates or many asset managers, like mutual funds, insurance companies, and endowments. It is primarily a speculative vehicle. It's also important to acknowledge that a geometric mean artificially lowers the value of the USD over time.
TVC:DXY
by KingForex078
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
US Labor Market Rebounds with Strong Job GrowthOn December 6, 2024, the U.S. labor market exhibited a robust recovery, adding 227,000 jobs in November. This significant rebound followed October's modest increase of 36,000 jobs, which had been dampened by hurricanes and a major strike at Boeing. Financial Times Despite the strong job growth, the unemployment rate edged up to 4.2% from the previous month's 4.1%, indicating a slight expansion in the labor force. Wage growth remained solid, with average hourly earnings rising by 0.4% month-over-month and 4% year-over-year, reflecting sustained demand for labor. New York Post Financial markets responded to these developments with measured optimism. The S&P 500 and Nasdaq Composite reached new record highs, while the Dow Jones Industrial Average experienced a slight decline. The U.S. Dollar Index (DXY) increased by 0.25% to 105.9810, indicating a strengthening dollar. Trading Economics The Federal Reserve is closely monitoring these labor market indicators as it approaches its December 17-18 meeting. The solid job growth, coupled with a modest uptick in unemployment, suggests that the labor market is expanding without significant inflationary pressures. This scenario provides the Fed with the flexibility to consider a potential interest rate cut, aiming to support economic growth while keeping inflation in check. Reuters In summary, the latest labor market data portrays a resilient U.S. economy, with strong job creation and controlled wage growth. These factors contribute to a favorable environment for the U.S. dollar, as investors anticipate the Federal Reserve's forthcoming monetary policy decisions.
TVC:DXYLong
by ChartDepth
USD Index // Preparation for the ExpansionThe Dollar Index is bearish on the daily, within the valid daily countertrend. The H4 long countertrend is also valid, and since in this trend, there is no space to trade, I'm waiting for the market to turn south in the direction of the daily short trend. My trigger is at the H4 breakout. Once this level is broken, I'm in to ride the wave down to the daily breakout (blue) and maybe to the weekly breakout (purple). The correction fibo is drawn with thin black dashed lines, and 38.2 is pretty much in line with the daily breakout, therefore, a nice target. Going for the correction fibo 50 is a bit more risky, and there is the weekly breakout along the way. Stay Patient, Stay Disciplined! 🏄🏼‍♂️ And feel free to express your opinion in the comments! 🙂
TVC:DXY
by TheMarketFlow
DXY - Index About to Kiss 105 or Lower?20SMA - Blue 200SMA - Pink Key Confluence Areas - Grey Lines Market Structure Support/Resistance - Green/Red Dashed Lines Dear Friends: If you find my analysis helpful, please like and follow me for future analysis at your service. How I see it: Head & shoulder 1D structure. Classic lower right shoulder! Curled 20SMA could offer resistance and/or limit upward attempts. Will structure be respected for a fall towards 105 or next key support? KEYNOTE: Weekly inverse rejection candle close; we'll see if the wick offers any upward assistance. I deeply appreciate you taking the time to study my analysis and point of view.
TVC:DXYShort
by ANROC
Weekly Forex Forecast: USD is Bullish In The Short Term!The USD Index closed last week very bearish, trading through the previous week's low. A pullback makes sense for this week, at least for the beginning of it. With NFP coming on Friday, trading up until Wed may be the safest way to go. Check the comments section below for updates regarding this analysis throughout the week. Enjoy! May profits be upon you. Leave any questions or comments in the comment section. I appreciate any feedback from my viewers! Like and/or subscribe if you want more accurate analysis. Thank you so much! Disclaimer: I do not provide personal investment advice and I am not a qualified licensed investment advisor. All information found here, including any ideas, opinions, views, predictions, forecasts, commentaries, suggestions, expressed or implied herein, are for informational, entertainment or educational purposes only and should not be construed as personal investment advice. While the information provided is believed to be accurate, it may include errors or inaccuracies. I will not and cannot be held liable for any actions you take as a result of anything you read here. Conduct your own due diligence, or consult a licensed financial advisor or broker before making any and all investment decisions. Any investments, trades, speculations, or decisions made on the basis of any information found on this channel, expressed or implied herein, are committed at your own risk, financial or otherwise. Transcript
TVC:DXY
by RT_Money
DXY AND CORRELATIONS i wanted to show you guys what to be aware of and real trades i will be taking on my channel, i do scalp majority of the time i just didn't do it today because of news but i will be looking for scalps as the market settles for next week and wanted to show you a scalp that is my favorite to look for in terms of trading SMC concepts. I wanted to run you through GBP/USD its one of my favorite correlators with dxy there was a definitely set up that i trade 99% of the time unless news in in the way. i still wanted to show you guys because it will be a reoccurring trade here that you will see repeatedly. Let me know if this helps you :)
CAPITALCOM:DXYShort
by SmmxTrader
DXY Position for 12/6 - 12/13/24Hey guys i want to give you guys some insight as I've been trading these concepts for the last two - three years now using these concepts. I don't really care what people think I'm strictly using this a way to show you guys that these concepts work i try not to over complicate it and for two I'm not always right i do get it wrong but will use great risk reward to out weigh my losses. So to start we have High impact news tomorrow, Which is what i will be watching for ideally i want the Short term buy side liquidity to be ran through tomorrow but again I'm going to be watching because it doesn't necessarily need to it can easily dump to buyside imbalance sell side inefficiency without returning to the liquidity on the buy side. I will be waiting before i make a decision if we do get a aggressive move tomorrow towards the upside then i will be waiting for a shift in market structure back down to the liquidity on the sell side again I'm currently neutral until we get more insight for tomorrow but i hope this helps. let me know if this helps you :)
CAPITALCOM:DXY
by SmmxTrader
2
DXY - Make or Break ScenarioSupport has been holding Dollar for past few days and MA200 was touched. High probabilities that Dollar break the trendline and aim for upper levels however a break of support will open lower levels. For entries, please wait for at least two candle reversals at the specified level and apply appropriate risk management. If you found this analysis helpful, please consider boosting and following for more updates. Disclaimer: This content is for educational purposes only and should not be considered financial advice.
TVC:DXY
by MarketsPOV
The U.S. Dollar Index (DXY) currently reflects a bearish trend The U.S. Dollar Index (DXY) currently reflects a bearish trend on the 4-hour chart. The immediate resistance is around 106.620, while the current price gravitates towards the support level at 105.250. This downtrend aligns with technical indicators signaling potential bearish momentum. Recent trading data confirms a drop to around 105.93 during the last session, reinforcing expectations of further downward movement, possibly testing the 105.250 level soon.
TVC:DXYShort
by TRADE_CENTER_1
DXY - Double Bottom Hints For A ReversalWe previously highlighted that Dollar broke previous support and was heading to below levels. It has tapped below level and now formed a Double Bottom. With the year end profit taking and Trump coming in power next year, we may see a continuous Bull Run. EMA 50 is also nearing a cross above MA 200 which should confirm this move. A break of support will void the double bottom and open lower levels. For entries, please wait for at least two candle reversals at the specified level and apply appropriate risk management. If you found this analysis helpful, please consider boosting and following for more updates. Disclaimer: This content is for educational purposes only and should not be considered financial advice.
TVC:DXYLong
by MarketsPOV