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Dxyanalysis

Dollar Index at Critical Support — Is a Big USD Rally Coming?Today I want to analyze the DXY index( TVC:DXY ) for you, which is one of the key indices in the financial markets. At the moment, the DXY index is moving near a support zone($98.85-$98.50), Monthly Support (1) level, and the 21_SMA(Weekly). In addition, the DXY has been trending inside a descending channel for roughly the past 13 trading days. The main question is whether the DXY can break below this confluence of support levels or not. Looking at the 4-hour chart, we can identify a Morning Star candlestick reversal pattern, and there is also a clear bullish Regular Divergence (RD+) between the last two lows. Moreover, the US 10-Year Government Bond Yield ( TVC:US10 ) appears bullish in my view — and its upward movement can potentially support a rise in the DXY as well. From my perspective, the best currency pairs to capitalize on a stronger USD are USDJPY( FX:USDJPY ) and EURUSD( FX:EURUSD ). We should also keep in mind that several important US economic indicators will be released this week, which could significantly impact market direction. So be extra cautious with your positions, especially during data releases: JOLTS Job Openings➡️09 December Federal Funds Rate➡️10 December FOMC Statement➡️10 December FOMC Press Conference➡️10 December Unemployment Claims➡️11 December I expect that once the DXY breaks above the upper line of the descending channel, it could at least move toward one of the higher Fibonacci levels. Do you think the U.S. interest rate will be cut this week? 💡 Please respect each other's opinions and express agreement or disagreement politely. 📌U.S. Dollar index Analysis (DXYUSD), 4-hour time frame. 🛑 Always set a Stop Loss(SL) for every position you open. ✅ This is just my idea; I’d love to see your thoughts too! 🔥 If you find it helpful, please BOOST this post and share it with your friends.
TVC:DXYLong
by pejman_zwin
1
Dollar Index Has Fallen to Its Lowest Level in Almost 1.5 MonthsThe Dollar Index Has Fallen to Its Lowest Level in Almost 1.5 Months The key event of the week will take place on 10 December – at 22:00 GMT+3 the FOMC will publish its interest rate decision, followed half an hour later by a press conference with Jerome Powell. As the chart of the dollar index (DXY) shows, the US dollar is weakening as the event approaches, reflecting market sentiment – the rate is expected to be cut by 25 basis points due to pressure from Trump and a cooling labour market. This underpins the bearish trend that has been in place since late November. A reminder that on 24 November we: → highlighted the importance of resistance around 100.20 points; → and constructed a system of two trend channels. Since then, the price has moved lower within the descending channel, and: → new swing points have allowed us to refine the channel boundaries; → a large bearish double-top pattern (A–B) has formed on the chart above the psychological level of 100 points. The dollar index chart indicates that selling pressure is dominant (as shown by the arrows): → the lower boundary of the ascending channel has switched its role from support to resistance; → a similar role reversal has occurred at the 99.11 level. Today, the DXY index is near the lower boundary of the descending channel. It is reasonable to assume that in the short term: → the market will enter a wait-and-see mode ahead of the news; → a consolidation zone may form on the chart, supported by the lower boundary of the red channel. Be prepared for surges in volatility on the currency markets on Wednesday evening. This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
FXOPEN:DXY
by FXOpen
1
DXY: The Dollar Isn’t Done Talking YetDXY, I’ve been staring at the Dollar long enough to notice something important: this isn’t a random bounce. After months of digestion and frustration on both sides of the trade, DXY looks like it’s quietly regaining control. The tape is no longer just reacting to single data prints. It’s responding to a broader realization that the Fed may cut rates, but not in a way that collapses the dollar story. This chart feels less like noise and more like a setup. Current Bias Bullish, with confirmation pending. DXY has spent most of the year consolidating after a deep pullback and now appears to be breaking higher from a rising structure. Momentum is rebuilding as the market reassesses how aggressive Fed easing will really be. Key Fundamental Drivers The dominant driver remains relative monetary policy expectations. While the Fed is expected to cut, markets are increasingly dialing back the idea of rapid or deep easing. US growth is slowing but holding up better than Europe and parts of Asia. Labor markets are softening but not collapsing, keeping the Fed cautious rather than urgent. This supports USD resilience. At the same time, other major central banks look more constrained. The ECB and BoE face weaker growth backdrops, and the BoJ’s normalization path remains slow and fragile, which limits sustained USD downside versus JPY. Macro Context Interest rate differentials still matter. Even with Fed cuts priced, US real yields remain relatively attractive. Global growth remains uneven, with Europe stagnating, China stabilizing but not accelerating, and the US still outperforming at the margin. Commodity flows also matter here. A firm dollar tends to weigh on commodities and commodity-linked currencies, reinforcing feedback loops into AUD, NZD, and CAD. Geopolitical risk remains a background bid for USD, especially as markets remain sensitive to trade policy, Middle East tensions, and shifting US election rhetoric. Primary Risk to the Trend The biggest risk is overconfidence in the Fed staying behind the curve. A sharp deterioration in US labor data or a sudden drop in inflation could force the Fed into a faster easing cycle, undermining the yield support for USD and invalidating the bullish structure. Most Critical Upcoming News/Event The next cluster of US inflation data, labor market releases, and Fed communication is critical. Markets are watching for confirmation that cuts will be measured, not panicked. Any clear Fed pushback against aggressive easing expectations would strongly support this DXY breakout. Leader/Lagger Dynamics DXY is a leader. When DXY moves with intent, it drags the rest of FX with it. Strength here typically pressures EURUSD, AUDUSD, NZDUSD, and gold, while reinforcing downside risks in USDJPY pullbacks and risk-sensitive assets. If DXY follows through, expect confirmation across USD pairs rather than divergence. Key Levels Support Levels: 98.20–98.50 (structure support and trend retention zone) 96.20 (major downside invalidation level) Resistance Levels: 100.00 (psychological and structural resistance) 102.00–103.00 (measured move resistance if momentum accelerates) Stop Loss (SL): Below 96.20 on a daily close, which would signal a failed structure and broader USD weakness. Take Profit (TP): First objective near 102.00, with extended upside toward the prior highs near 109–110 if macro conditions align. Summary: Bias and Watchpoints The bias for DXY is cautiously bullish. The structure suggests accumulation rather than distribution, supported by relative growth resilience, steady real yields, and a Fed that remains careful, not desperate, to cut. The key risk is a sudden shift toward aggressive Fed easing driven by weak inflation or labor data. Until that happens, dips look corrective rather than trend-ending. As a leader asset, DXY’s next move is likely to ripple across major FX pairs, commodities, and risk sentiment. If this breakout holds, the dollar conversation is far from over.
TVC:DXYLong
by ultreosforex
Dollar Index Bearish Setup: Dead Cat Bounce Then Collapse. The weekly chart shows a strong bearish signal, with a bearish engulfing candle forming and a confirmed double top structure on the daily chart. Price has already broken below the neckline of this double top, indicating weakening bullish momentum. Currently, price is consolidating just below the 50 EMA. With RSI deeply in oversold territory and stochastic oscillators near cycle lows, a short-term relief bounce is likely. This bounce could push price toward the 99.032 level, just below the 21 EMA, which now acts as a key resistance zone. On the daily timeframe, the 9 EMA has crossed below the 21 EMA, reinforcing a bearish trend and suggesting that upward moves will face strong resistance. More importantly, the weekly stochastics have already crossed down, and the weekly MACD is showing clear signs of momentum loss. In conclusion, after a potential short-term bounce to fill the gap on the 4-hour chart—where a death cross is also forming—the broader expectation is for a significant bearish continuation in the Dollar Index. As always, I thank you for supporting my publications with a boost and sharing your own thoughts in the comment section. I wish you the best trading in the coming week. Cheers!
CAPITALCOM:DXYShort
by RICHINVESTOR
US Dollar: Bearish! Look To Sell it towards 98.56!Welcome back to the Weekly Forex Forecast for the week of Dec 8-15th. In this video, we will analyze the following FX market: USD Dollar The USD is currently bearish, sitting in a Daily -FVG. If the FVG holds, the sell off will continue from last week. Should the -FVG fail, then hold off on sells! A close above the -FVG will be a bullish indication. Wed's FOMC will likely weaken the currency further, as institutions have seemingly baked in their bearish bets. Enjoy! May profits be upon you. Leave any questions or comments in the comment section. I appreciate any feedback from my viewers! 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.
TVC:DXYShort
by RT_Money
U.S. Dollar Index Gearing Up for a Powerful Upswing!💵 DXY — U.S. Dollar Index | Profit Pathway Setup (Swing Trade) 🧭 Bias: Bullish (Confirmed Setup) 📈 Market Type: Index (USD Strength Focus) 🧠 Strategy Style: Layered Limit Entry with SMA Pullback + Triangular MA Breakout 🎯 Trade Plan Breakdown 📊 Setup Insight: The DXY (U.S. Dollar Index) has confirmed a bullish momentum as price reclaims above the Simple Moving Average (SMA) and breaks through the Triangular Moving Average (TMA) resistance zone — signaling potential continuation strength for the dollar. 📥 Entry Zone (Layering Strategy): My “Thief Strategy” approach uses multiple limit layers for precision stacking entries: Buy Limit Layers: 99.00 → 99.50 → 100.00 (You can extend or adjust layers based on your own conviction and risk appetite.) 🛑 Stop Loss: My Thief SL sits near the recent lower low wick for structure protection → 98.50 💬 Note: Dear Ladies & Gentlemen (Thief OG’s) — I’m not recommending my exact SL. You manage your own risk — make money, take money, your call. 🎯 Target (Take Profit): The moving average line is acting like a police barricade — strong resistance area, potential overbought trap zone. Be smart and escape with profits near 102.00. 💬 Note: Dear Ladies & Gentlemen (Thief OG’s) — TP is flexible. Lock profits where you’re satisfied; don’t let greed arrest your gains. 🚓💰 🌐 Correlated Market Watch Keep an eye on these correlated pairs & assets for confirmation signals or divergence clues: 💶 $EUR/USD → Inverse correlation (DXY up → EUR/USD down) $XAU/USD (Gold) → Often moves opposite to USD strength 💷 FX:GBPUSD → Mirrors EUR/USD volatility when DXY surges BITSTAMP:BTCUSD → Weakens when DXY strengthens due to liquidity shifts 💹 FX:USDJPY → Supports bullish dollar narrative if yield spreads widen These pairs can help you validate sentiment and timing entries better — especially during London & New York sessions when DXY liquidity peaks. 🧩 Technical Key Points ✅ SMA pullback confirms bullish continuation zone 🔺 Triangular Moving Average breakout shows renewed strength 🧱 99.00–100.00 acts as accumulation floor 🚨 102.00 remains resistance barricade zone (potential trap) ⏰ Best observed during London/NY overlap for volatility cues ✨ “If you find value in my analysis, a 👍 and 🚀 boost is much appreciated — it helps me share more setups with the community!” ⚠️ Disclaimer: This is a Thief-style trading strategy — just for fun and education. Not financial advice. Trade wisely and manage risk like a pro. #DXY #USDollarIndex #ForexTrading #SwingTrade #TechnicalAnalysis #TradingIdeas #PriceAction #SMAStrategy #MovingAverages #CurrencyTrading #DollarStrength #ForexSignals #TradingStrategy #MarketAnalysis #ChartPatterns #BullishSetup #RiskManagement #ForexCommunity #TradingView #DXYAnalysis
FXOPEN:DXYLong
by The-Thief
DXY FRGNT Forecast - Q4 | W50 | Y25 |📅 Q4 | W50 | Y25 | 📊 DXY FRGNT Forecast 🔍 Analysis Approach: I’m applying Smart Money Concepts, focusing on: Identifying Points of Interest on the Higher Time Frames (HTFs) 🕰️ Using those POIs to define a clear trading range 📐 Refining those zones on Lower Time Frames (LTFs) 🔎 Waiting for a Break of Structure (BoS) for confirmation ✅ This method allows me to stay precise, disciplined, and aligned with the market narrative, rather than chasing price. 💡 My Motto: "Capital management, discipline, and consistency in your trading edge." A positive risk-to-reward ratio, paired with a high win rate, is the backbone of any solid trading plan 📈🔐 ⚠️ Losses? They’re part of the mathematical game of trading 🎲 They don’t define you — they’re necessary, they happen, and we move forward 📊➡️ 🙏 I appreciate you taking the time to review my Daily Forecast. Stay sharp, stay consistent, and protect your capital — FRNGT 🚀 TVC:DXY
TVC:DXY
by JCFRGNT
1
DXY FRGNT Daily Forecast -Q4 | W47| D21 | Y25 |📅 Q4 | W47| D21 | Y25 | 📊 DXY FRGNT Daily Forecast 🔍 Analysis Approach: I’m applying Smart Money Concepts, focusing on: Identifying Points of Interest on the Higher Time Frames (HTFs) 🕰️ Using those POIs to define a clear trading range 📐 Refining those zones on Lower Time Frames (LTFs) 🔎 Waiting for a Break of Structure (BoS) for confirmation ✅ This method allows me to stay precise, disciplined, and aligned with the market narrative, rather than chasing price. 💡 My Motto: "Capital management, discipline, and consistency in your trading edge." A positive risk-to-reward ratio, paired with a high win rate, is the backbone of any solid trading plan 📈🔐 ⚠️ Losses? They’re part of the mathematical game of trading 🎲 They don’t define you — they’re necessary, they happen, and we move forward 📊➡️ 🙏 I appreciate you taking the time to review my Daily Forecast. Stay sharp, stay consistent, and protect your capital — FRNGT 🚀 TVC:DXY
TVC:DXYShort
by JCFRGNT
2
DXY Bullish Outlook | SMA Pullback + Breakout Confirmation🚀 DXY BULLISH SWING SETUP: SMA PULLBACK CONFIRMED! | Key Levels & Correlated Pairs 📈 🎯 Trade Idea: Bullish Swing on DXY (US Dollar Index) 📊 Asset: TVC:DXY | Timeframe: 4H & Daily 🔥 Strategy: Simple Moving Average Pullback + Resistance Breakout Confirmation ⚡ ENTRY PLAN: Trigger: Break & close above 99.900 resistance Ideal Entry: Any pullback toward 99.700-99.850 after breakout Confirmation: Price holding above SMA support (adjust to your preferred period) 🛑 STOP LOSS (RISK MANAGEMENT): Reference level: 99.300 👑 Dear Trading Family (Thief OGs) – This is MY protective stop. PLEASE adjust based on YOUR risk tolerance and strategy. I am not responsible for your SL/TP decisions. Manage your own risk! ✅ TAKE PROFIT TARGETS: Primary TP: 100.900 (Strong confluence: SuperTrend ATR resistance + overbought zone potential trap) Partial take profits advised along the way 🧠 Reminder: You can take money at YOUR own discretion. Not financial advice! 📈 RELATED PAIRS TO WATCH & CORRELATIONS: FX:EURUSD – Inversely correlated (~57.6% weight in DXY). DXY up = EURUSD down. FX:GBPUSD – Negative correlation. Strong dollar pushes GBPUSD lower. FX:USDJPY – Positive correlation. DXY bullish = USDJPY often rises. OANDA:XAUUSD (Gold) – Typically inverse to dollar strength. TVC:USOIL (Crude) – Dollar up can pressure oil prices (denominated in USD). 🔍 KEY POINTS: Watch for USD strength across majors to confirm DXY momentum If DXY rallies, expect EURUSD & GBPUSD to show sell setups Always correlate with Fed policy expectations & US economic data 📌 DISCLAIMER: This is my personal analysis, not financial advice. Trade at your own risk. You are responsible for your own decisions. Let’s get this bread! 🍞 If you find this helpful, drop a like 👍, follow for more ideas, and share your thoughts in the comments! #DXY #USDollar #TradingSetup #SwingTrading #ForexTrading #MarketAnalysis #TradingView #FX #RiskManagement #ThiefOGs
TVC:DXY
by The-Thief
DXY FRGNT WEEKLY FORECAST - Q4 | W50 | Y25 |📅 Q4 | W50 | Y25 | 📊 DXY FRGNT WEEKLY FORECAST 🔍 Analysis Approach: I’m applying Smart Money Concepts, focusing on: Identifying Points of Interest on the Higher Time Frames (HTFs) 🕰️ Using those POIs to define a clear trading range 📐 Refining those zones on Lower Time Frames (LTFs) 🔎 Waiting for a Break of Structure (BoS) for confirmation ✅ This method allows me to stay precise, disciplined, and aligned with the market narrative, rather than chasing price. 💡 My Motto: "Capital management, discipline, and consistency in your trading edge." A positive risk-to-reward ratio, paired with a high win rate, is the backbone of any solid trading plan 📈🔐 ⚠️ Losses? They’re part of the mathematical game of trading 🎲 They don’t define you — they’re necessary, they happen, and we move forward 📊➡️ 🙏 I appreciate you taking the time to review my Daily Forecast. Stay sharp, stay consistent, and protect your capital — FRNGT 🚀 TVC:DXY
TVC:DXYShort
by JCFRGNT
US Dollar Index - Looking To Sell Pullbacks In The Short TermH1 - Strong bearish move. No opposite signs. Expecting bearish continuation until the two Fibonacci resistance zones hold. If you enjoy this idea, don’t forget to LIKE 👍, FOLLOW ✅, SHARE 🙌, and COMMENT ✍! Drop your thoughts and charts below to keep the discussion going. Your support helps keep this content free and reach more people! 🚀 -------------------------------------------------------------------------------------------------------------------
EIGHTCAP:USDXShort
by VladimirRibakov
NOV.30,2025 ANALYSIS ON THE DOLLAR INDEX (DXY)DXY is at crossroads with a monthly indecision Candlestick. Glass ceiling tops of 99.978 is still hanging, However the week still closed with a higher low defended on the 200EMA on the 4H timeframe with a bullish kicker reversal two candle pattern. Considering the weekly candle close, there is real risks to the downside, My 21 period RSI is below 50 on 4H confirms real downside risk too . My bias on the dollar index is still to the upside but however if you trade the long side apply tight stop loss using the 200EMA on 4H or the 35EMA on daily chart as the decision yard. If price loses these EMAs then short side is confirmed for 97.148 target. There is also a hidden bullish divergence on the daily and weekly chart so upside potential is equally weighted to the downside double tops target. Therefore prepared for both scenarios this coming week. Thank you for supporting my publications with your boosts and comments. Best of forex trading everybody. Cheers
CAPITALCOM:DXYLong
by RICHINVESTOR
DXY: Dollar Index Mid-Term OutlookThe U.S. Dollar Index is maintaining a steady corrective rhythm on the 4-hour timeframe, with recent price behaviour indicating a potential shift in momentum as markets transition into December. Current swings highlight an evolving structure where buyers and sellers continue to balance out ahead of key macro catalysts. Disclosure: We are part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in our analysis.
TVC:DXY
by WeTradeWAVES
What should we expect from DXY Index by the end of 2023❗️❓🗺️👋Hi everyone (Reading time less than 3 minutes⏰) . 📚One of the most important Indices that we should have an analysis of is the DXY index because it has a direct impact on the Forex , Cryptocurrency , and stock and etc markets. So, in this post, I'm going to show you the 🗺️ Roadmap 🗺️ for DXY until at least the End of 2023 and Early 2024 . 💡I used the Monthly time frame and Elliott wave theory to display the DXY index roadmap better. 💡First of all, it is better to know that the DXY index has formed an Ascending Channel since 2008 and is moving in it. 🌊According to the theory of Elliott waves , the DXY index has succeeded in completing its 5 impulsive waves in the ascending channel so that the 3rd wave was an extended wave . 🌊As a result, it seems that Corrective waves have started, and to confirm this, it is better to wait for the break of the lower line of the ascending channel. 🔔I expect the DXY to move between 🔴Heavy Resistance zone($107.62-$103.10)🔴 and 🟢Support zone($101.64-$99.58)🟢 by the end of 2023 and early 2024, and in mid-2024 , the DXY will begin to trend Down , and Financial markets will likely turn 🚀Green🚀 . DXY Index Analyze ( DXYUSD ), Monthly 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 be glad to see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
TVC:DXY
by pejman_zwin
7
DXY Market NoteThe U.S. Dollar Index (DXY) is consolidating within a narrow range of 100.00–100.40, a level worth monitoring for directional clarity. At the same time, price is sitting just below a previous daily order block (OB), which acts as a supply zone. This area could cap further upside in the short term unless buyers show strong momentum to break through. Key scenarios to watch: Bullish breakout above 100.40 → signals continuation higher, but must overcome supply from the daily OB. Failure to hold 100.00 → opens risk of deeper retracement toward lower support zones. Rejection at the daily OB → could reinforce range-bound behaviour or trigger a pullback. In summary, DXY is at a pivotal point: the weekly chart hints at strength, but the nearby daily supply zone demands caution. Waiting for confirmation, either a clean breakout or rejection will provide clearer direction. ⚠️ Disclaimer ⚠️This journal entry is for educational and documentation purposes only. It does not constitute financial advice or a recommendation to trade. All trading involves risk, and past performance does not guarantee future results. Always conduct your own analysis and consult with a licensed financial professional before making trading decisions.
TVC:DXY
by Phoenix-Rise-Trade
DXY Coils Above 100 – Build-Up Before the Breakout?1. Recap of Recent Analysis In my last DXY update, I highlighted the 100.00 zone as both a major psychological resistance and my initial upside target for the entire rise from 99. Price reached that zone perfectly. Since then, the index has been consolidating, but not in a weak way — the structure looks tight, controlled, and directional, not corrective or exhausted. 2. Current Market Context – Sideways, But With a Bullish Tilt What stands out in this consolidation is: - DXY is not rejecting 100 zone aggressively. - Candles are small but. - Sellers are not showing real control. This type of behavior suggests a market that is building energy, not one that is rolling over. The sideways action appears more like a pause before a breakout, not the start of a larger correction. 3. Technical Outlook – Trend is Up Since Mid-September The broader structure is clear: - DXY has been in an uptrend since mid-September. Based on the trend, structure, and consolidation behaviour, the probability favors upside continuation. Next technical target: ➡️ 102.00 zone This level stands out as the next meaningful resistance and a natural extension of the current rally. 4. Trading Plan – Follow the Trend, Don’t Fight It My approach remains simple: Bullish outlook stays active as long as DXY holds above 99.20. I expect a break above resistance soon, especially if volatility picks up. First major target: 102. Only if DXY fails dramatically at 100 with strong rejections would I consider a short-term bearish adjustment — not the case right now. 5. Conclusion – The Dollar Looks Ready for the Next Push The index is coiling at resistance, but the structure favors buyers, not sellers. Given the steady uptrend since September and the controlled consolidation just above 100, the most probable scenario remains an upside continuation toward 102. 💵📈
TVC:DXYLong
by Mihai_Iacob
DXY Bullish Continuation -Buy Zone & Breakout PlanDXY is still holding its bullish structure moving inside the rising channel and currently ranging just under the weak high near 100.50. As long as price stays above the 100.00 support zone this consolidation looks like a pause before another push up toward 100.80–101.00. A deeper dip inside the range is possible but overall momentum remains bullish unless price breaks below the channel support. Fundamentally the dollar is supported by recent mixed but stable US data, NFP remaining solid-unemployment slightly higher and wage growth cooling moderately combined with a Federal Reserve stance that is not ready for quick rate cuts. This keeps short-term USD sentiment mildly positive. Risk off flows and steady Treasury yields also help maintain dollar strength. Overall, both technical structure and fundamentals support a bullish continuation after the current range completes its liquidity grab. Buy Zone: The ideal buy zone is 99.95 – 100.05 which aligns with the lower boundary of the consolidation range, the mid-channel support and the previous demand area. This is where price is expected to dip, grab liquidity and form a bullish reaction. Buy Trigger Area: The buy trigger is a bullish rejection or bullish candle close from 100.00 or a break and retest of 100.20–100.25 from inside the range. A clean bounce from the lower range or a retest reclaim signals the continuation toward 100.50 and then 100.80. Note Please risk management in trading is a Key so use your money accordingly. If you like the idea then please like and boost. Thank you and Good Luck!
TVC:DXYLong
by SibiSh
The US Dollar Index Hovers Near Key ResistanceThe US Dollar Index Hovers Near Key Resistance As the chart of the US Dollar Index (DXY) shows, today the value is sitting near an important resistance level around 100.20 points. We highlighted this level earlier — including in our analytical post from 10 November. Fluctuations in the USD against other currencies are forming a configuration of two channels: → A blue bullish trajectory that began back in September. However, this resistance level appears to be a significant obstacle. Last week, the bulls attempted to push the DXY to a six-month high, but they failed to hold those gains. → A red alternative bearish trajectory, which may become more pronounced and relevant if the bears seize the initiative once it becomes clear that the bulls are running out of steam. At the start of the week, the index is also moving within a narrowing triangle — the breakout direction may indicate the key trend into the year-end. The balance between the two scenarios will largely depend on the fundamental backdrop, with traders mainly focusing on: → News related to the prospects of a Federal Reserve rate cut. Barclays analysts expect the Fed to cut rates in December. → A possible intervention by the Bank of Japan to support the weakened yen, which has come under pressure due to low domestic interest rates. Japan’s Finance Minister, Satsuki Katayama, reinforced this rhetoric last week. → The release of data — including US retail sales and producer prices — which were postponed due to the record-long government shutdown. This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
FXOPEN:DXY
by FXOpen
1