BULLISH DOLLAR!DXY (Dollar Index) is on a very relevant Daily trend line. Expecting price to push higher with the coming days. With this I will also be looking for Bullish moves on USD pairs like USDCAD and USDCHFLongby akumjoel3
SELL USD INDEXSELL POSITION USD INDEX ENT : 104.928 SL : 105.075 TP : 104.63 1- to day news + sentiment 2- please trail sl after 10 pipsShortby pouriya_kdUpdated 4
%%%%% DXY UNIQUE IDEA %%%% #DXY UPDATE Hey team hope you all are enjoying our ideas and analysis. Now we are here to discuss About DXY. DXY is breaking the main bearish flag pattern. After this drop we can price around 104 soon. This will effect whole forex market. Keep in touch we will update further soon.Longby Williamforex3
Huge rejection at 71%, Does signal bullish for DXy.Dxy, rejected 71% today. Dxy didnt break my trend line as well. Does this means dxy is now bullish. I will wait and see. Everything flipped today. This does signal dxy wants to go north. Let me know what you think in the comments. Longby youngneil3
Is King Dollar poised for a flush ?Possible H&S formation on the DXY. These formations do not always work out.... But interesting to watch since it would have profound implications on Crypto Assets and Prescious Metals Mining companies.... I am bullish on all the above, especially on PM since the Gold / Silver ratio recently had a major break down.Shortby Dangermousebanana3
possibility of uptrend It is expected that the index will move according to the specified paths and then the beginning of the upward trend will be formed. The confirmation of the upward trend is the breaking of the resistance trend line. If the red support zone is broken, the continuation of the downward trend is likelyLongby STPFOREX2
DXY IndexPair : DXY Index Description : Completed " 12345 " Impulsive Waves and " ABC " Corrective Waves Break of Structure Bullish Channel as an Corrective Pattern in Short Time Frame RSI - Divergence Demand Zoneby ForexDetective4
DXY for the next few days.. Hello, Mates hope you all are doing well and enjoying the weekend. This is my thoughts about DXY for the next few days. NOTE: This is only based on technical analysis fundamental or geopolitical situations may change the direction to any side. Shortby thebullsquad5
Fascinating junction for DXYWe can see DXY has again rejected off the falling daily trendline (green), last week we formed a bear candle and have broken out below, currently printing a third bear candle in a row (daily). Even though US Data and narrative suggest higher for longer (and maybe even a hike, although I doubt that) the USD has not responded in kind. We're approaching a couple of critical areas: 1. 104.3 - intersection of the rising weekly trendline (red) 2. 104.1 - supply zone With the local trend bearish, more positivity coming out of Europe I think we could see DXY break through these barriers and ultimately retest the longer running monthly falling trendline (white). We have a negative MACD and not yet oversold (Daily). Of course, the US Economy is looking strong and the FED thinks they can afford to keep rates higher for longer, so any kind of a push up from here will see the daily fall line (green) broken and a new HH. Will this be allowed to happen? As always, I never trade DXY but it is critical to watch as dictates so many of the crosses next moves.by Finchcliffe3
USD come back strongerI have 2 alternative movement for DXY. Looking for bullish an impulsive move upwards.Longby ewtradersbhUpdated 112
DXY: an indicator to forecast Bitcoin’s directionJust like USDT Dominance, US Dollar Index (DXY) has a somewhat inverse correlation with Bitcoin's direction. If we look at the DXY historically, whenever the DXY was in a downtrend or sideways movement, Bitcoin was in an uptrend. Also, whenever the DXY was in an uptrend, Bitcoin was in a downtrend. Simply put, if the DXY goes up, that means the U.S. dollar is gaining strength or value when compared to other assets and currencies. So, people/traders tend to hold the U.S. dollar instead of, say, Bitcoin. And when DXY goes down, that means the U.S. dollar is depreciating in value, so people/traders tend to hold other assets like Bitcoin or Gold.by SaeedSalehiniaUpdated 3
Market structure of DXY on 4-hour time frame4H is swing bullish => current is pullback dow The current price touches the demand zone block We will buy when the 15-minute frame shows a reversal of the CHOCH signalby quangcttnUpdated 9
DXYThe dollar price looks bullish on the daily timeframe, moving within a symmetrical triangle and ascending channel, and following the Elliott Wave 12345 pattern. Currently, the price is at a resistance-turned-support level; waiting for a bullish rejection here could signal an upward move. This would positively impact XXXUSD pairs and negatively affect USDXXX pairs.Longby forex_info2
DOLLAR INDEX IDEA - My idea for DXY. We failed to break the high on our previous approach. Hopefully, we can get that this time around. I am starting to update new ideas daily. please follow and comment for more. The idea involves the US dollar (USD) undergoing a temporary decline 📉 after initially capturing liquidity, then stabilizing and returning to a demand zone 📈. First, a liquidity grab 💧 occurs when the dollar sharply appreciates, often triggered by major market participants hitting stop-loss orders. This rapid rise captures liquidity and induces traders to enter positions based on perceived trends. Following this, the USD might experience a pullback or decline 📉 as the market corrects itself. This phase can be driven by profit-taking, shifts in trader sentiment, or changes in economic data or monetary policy expectations 📊. Finally, the USD finds support and stabilizes in a demand zone 🛒, an area where buying interest is strong enough to prevent further decline. This stabilization is supported by favorable economic indicators 📊, geopolitical stability 🌍, or signals from the Federal Reserve 💪. Understanding this pattern helps traders anticipate reversals 🔄 and strategically time entries or exits, manage risk effectively, and gain insights into market sentiment and the health of the USD 💲. Recognizing these phases enables better navigation of currency movements and optimization of trading strategies 📈.** For education only**by Ninja_Snipes_fxUpdated 3
Levels discussed on 29th May livestream29th May DXY: Weakness. Break below 104.50 could trade down to 104 support, (hesitate at 104.20) NZDUSD: Buy 0.6150 SL 20 TP 35 AUDUSD: Buy 0.6680 SL 20 TP 45 USDJPY: Buy 156.80 SL 30 TP 60 GBPUSD: Buy 1.2770 SL 30 TP 50 EURUSD: Buy 1.0865 SL 25 TP 30 USDCHF: Buy 0.9160 SL 30 TP 65 USDCAD: Buy 1.3665 SL 30 TP 60 Gold: If price breaks 2345 could head lower to 2330by JinDao_Tai3
dxy long term outlookRate cuts, Rising bonds. Expecting rest of the year to bearish for the dollar Shortby joeljohnrussell2
Potential gartley pattern DXY Dxy currently expanding into the 4th leg of the macro bearish Elliot wave Looking for distro within the green lines then retrace down for the last drop down to the 5th leg Elliot wave combined with harmonics perspective Dxy expansion means Usdxxx pairs are bullish Xxxusd pairs are bearish (yes that includes crypto ;) Then once dxy makes the lower high it will start to retrace meaning Usdxxx pairs will be bearish Xxxusd pairs will be bullish ( and yes that means crypto :)by Onlypips4x2
DXY nearing key rising channel trend lineIntraday Update: The DXY rising trend line comes in at 104.20, it is key channel support for bulls near term. Longby ForexAnalytixPipczar2
DXY Minute: Even clowns get wearyAnd I assume that is true, because otherwise, DXY would be trading much lower. Whomever(s) are responsible for one of the nastiest price corrections I have seen are undoubtedly ready to throw in the towel, after wiping the paint off their faces, because deep down they know, they will have to deliver the dollars. Unfortunately, unless they are in that process as I write this, I foresee such delivery may be at a relatively high premium compared to price at which they sold them. This correction has almost every corrective pattern ever outlined by the foremost Elliot Wave practitioners that I have read. There are triangles, irregular b waves, and ultimately, combo after combo or JUNK. The price action here tests the limits of what can happen without obviating the practice of tracking price waves. For the first time in the 2 years I have been trading using EW technicals, I have been ready at times to say that price has been hijacked, or that Elliot was wrong. Nonetheless, in the end, sometimes by a pip or two, price has barely adhered to the panacea of rarities in the world of Elliot Wave Theory, which is why I say "ugliest" and why I call the traders of the JUNK "clowns." Either they lost a ton, or they attempted to orchestrate destruction of the markets fabric, both things that only clowns would do. However, in the end, I maintain my faith in humanity and nature, and believe that what could follow will be just deserts, even for clowns. A swift move to the 109 area seems appropriate because this correction is maxed, and I imagine, even the clowns are weary. We do not control price, alone...the market does. And what the market wants, it gets. Price needs one more Intermediate wave to new highs, ideally into the extension area, which will likely breach the larger 1.0, due to price destruction that has taken place. This is a cycle b wave, by my count, and as soon as it completes, all the haters can have the dollar crash they so desire. I will observe, as usual. Best, CuzLongby CuzDeluxUpdated 10
$DXYgoing back down to test that pesky support then 3rd attempt at losing the 200 ema IF we go back above yellow line then supply zone above will slap it back down imo Shortby CompoundingGain2
DXY Index is Ready to Pump by 🌄Morning Candlestick Pattern🌄🏃♂️DXY Index is moving near the 🟢 Support zone($104.27-$103.90) 🟢, and 200_SMA(Daily) and 100_SMA(Daily) , and the lower line of the ascending channel . 💡Also, the Morning Candlestick Pattern is clearly visible. 🌊According to the theory of Elliott waves , it seems that the DXY Index has completed the Double Three Correction(WXY) in the support zone . 🔔I expect the DXY Index to rise to at least the Resistance line . U.S.Dollar Currency Index ( DXYUSD ) Analyze, 4-hour time frame⏰. Do not forget to put Stop loss for your positions (For every position you want to open). Please follow your strategy; this is just my Idea, and I will gladly see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.Longby pejman_zwinUpdated 5547
LONG DXYI believe there's a high chance for DXY to rally until next major news event.Longby Nugget_Warrior2
Dxy is ready to dump!DXY is bearish. ●On HTF weekly FVG/BISI disrespected and now become an Invesion Fvg which should act as resistance. ●On Daily timeframe DXY got a rejection from The Daily +OB. ●In 4h Dcy created FVG which should bring Dxy down. ●Downside targets for DXY are 104.080 and 103.880 for now. ●Dxy should stay bearishso that other markets like stock, Crypto and Forex should see higher prices.Shortby Camouflage891