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USD Rate Cut Rally Continues, DXY Falling Wedge BreakoutI last looked at the build of a falling wedge in the USD in these pieces a couple of weeks ago, as we had a push of higher-highs and lows after the Fed's rate cut announcement. That theme pushed to fresh highs today as DXY broke out of a falling wedge formation, and while the initial rally in October was very much pushed along by a weak Yen the move today is being prodded by a further breakdown move in EUR/USD. The next significant test for DXY is just ahead, with the 100 level that's confluent with the swing low from last year at 100.22. This spot is what caught the high back in on August 1st after the post-FOMC breakout then, and that's the price that currently marks the four month high in the currency. Above that, it's the 102 level that caught the high back in May, which is also a Fibonacci level of note. - js
TVC:DXY
by FOREX.com
1
DXY- 4 HOUR TIMEFRAME ANALYSIS This is a clean and valid bullish channel on the U.S. Dollar Index (DXY), 4-hour timeframe. Let’s break it down technically and structurally 👇 --- 🔹 Overall Trend: Strong Bullish Structure The DXY is trending inside a well-defined ascending channel, showing higher highs and higher lows — the classic hallmark of a bullish trend. Each time price touches the lower boundary (support trendline), buyers step in strongly, creating fresh impulsive waves upward. The slope of the channel is consistent, confirming that bullish momentum is steady, not parabolic. --- 📊 Key Technical Levels Current Price: 99.45 – 99.50 Upper Channel Resistance: Around 99.90–100.10 zone Midline Area: Approximately 98.90–99.00 (often acts as short-term support/resistance) Lower Channel Support: Around 97.50–98.00 --- 🧭 Market Behavior 1. Momentum: Price has recently broken above the last minor consolidation range and is now heading toward the upper boundary of the channel. This confirms a fresh bullish impulse leg. 2. Buyer Control: The last few candles show strong bullish bodies with minimal wicks — indicating that buyers are dominating with little resistance so far. 3. Trend Continuation Bias: The structure suggests continuation toward the upper trendline before any major correction occurs. --- ⚠️ What to Watch Next Scenario 1 – Continuation: If price maintains above 99.30–99.40, it could continue climbing toward the upper channel around 99.90–100.00. → That’s your short-term bullish target. Scenario 2 – Pullback: If there’s a rejection near the upper boundary (especially with long upper wicks or bearish engulfing), expect a retracement toward the midline (≈99.00) or even lower channel (≈98.00) for the next accumulation phase. --- 📈 Trading Insights Buyers’ Edge: Buy retracements near the lower or midline of the channel as long as structure holds. Profit Zones: Scale out or take profit near upper channel touches (~99.90–100). Invalidation: A decisive break below 97.50 would invalidate the bullish channel and suggest a structural shift. --- 🔍 Institutional Context Given DXY’s rise, this movement typically implies: EURUSD and GBPUSD may face downward pressure. Gold (XAU/USD) and Silver (XAG/USD) may pull back due to inverse correlation.
TVC:DXYLong
by enwemadufranklyn1989
DXY could continue higherPrice has been in a bullish phase, forming a continuation setup showing buyers steadily gaining control after consolidation. The rounded base reflects accumulation, where buyers absorbed selling pressure and built momentum for a breakout. If buyers manage to hold above the breakout zone, that would confirm continuation, with the next target projected toward the 100. If sellers step in and drive price back below the breakout level, it could signal a false breakout and a short-term pullback before any renewed push higher.
TVC:DXYLong
by TrendDiva
7
US Dollar Index (DXY) Monthly OutlookThe DXY is currently trading around the 99.00 zone after a major market structure shift (MSS). Price has retraced into a fair value gap (FVG) within the 50–70% premium zone, showing signs of potential bullish continuation. If the market holds above the FVG, we could see a push toward the 20% and 30% Fibonacci retracement levels, targeting the buy-side liquidity area near 110.00+. This long-term projection suggests that the dollar might regain strength over the next few years before facing another macro correction. 📅 Timeframe: Monthly 💡 Bias: Bullish towards liquidity highs ⚠️ Disclaimer: This analysis is for educational purposes only and does not constitute financial advice. #DXY #USDX #DollarIndex #ForexAnalysis #SmartMoneyConcepts #MarketStructure #FVG #Liquidity #Herotraderfx #TradingView
TVC:DXYLong
by Herotraderfx
US Dollar Index (DXY) – Ending Diagonal Signals a Major Bullish The DXY is currently testing the upper boundary of a well-defined ending diagonal pattern on the daily timeframe — a structure that often appears at the end of a corrective phase, signaling the beginning of a new impulsive move. After months of consolidation inside the narrowing wedge, momentum is now turning upward, suggesting a potential bullish breakout is underway. This diagonal likely marks the final wave of a corrective decline (Wave 5 of C) — meaning a larger bullish cycle could be ready to unfold. Key Technical Notes: 🔹 Price is challenging the upper diagonal resistance near 99.00–99.40. 🔹 A confirmed daily close above this zone would invalidate the bearish wedge and trigger a trend reversal signal. 🔹 Next upside targets: 101.00, 103.50, and potentially 107.00 in extension. 🔹 Pullbacks toward 97.50–98.00 may offer buy-the-dip opportunities within the breakout structure. Wave Context: This move could represent the early stages of a new impulse (Wave 1 or Wave A) following the completion of an ending diagonal — a classic reversal signal in Elliott Wave theory. Momentum Outlook: Bullish divergence and a tightening structure suggest sellers are exhausted. A confirmed breakout would likely ignite short covering and renewed USD strength across the board. Bias: ✅ Bullish / Long-biased — watching for breakout confirmation above 99.40.
PEPPERSTONE:USDXLong
by MrLiquidonFX
Dollar Index (DXY) Rises to Highest Level in Over Two MonthsDollar Index (DXY) Rises to Highest Level in Over Two Months The chart shows the Dollar Index (DXY) trading above the 99-point level today — its highest since early August. The dollar’s strength is supported by the weakening of other currencies: → The yen is weakening amid expectations of looser monetary policy. Conservative Sanae Takaichi could become the first female prime minister in Japan’s history, pursuing substantial spending and economic stimulus. → The euro remains under pressure amid France’s political crisis. Following the resignation of Prime Minister Sébastien Lecornu’s government, President Emmanuel Macron stated he plans to appoint a new prime minister this week. Will the Dollar Index continue to rise? Technical Analysis of the DXY Chart On 19 September, we provided a significant analysis of the DXY chart in which we: → Confirmed the relevance of a descending channel (shown in red), which includes intermediate QL and QH lines dividing the channel into quarters. → Highlighted a reversal upward from the QL line (shown with an arrow). → Suggested a bullish scenario aiming to reach the QH line. This scenario has indeed unfolded: → On 25 September and 6 October (as shown by arrows), the QH line acted as resistance. → On 7 October, it was broken upward, underlining bulls’ strength. Given this, it is reasonable to suggest that bulls remain in control, while: → DXY fluctuations since mid-September’s low are forming an upward channel; → its upper boundary may act as resistance, potentially triggering a pullback towards the Support line; → the upper boundary of the red channel appears to be a key target for the current rally that began last month. 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 & XAUUSDThe U.S. Dollar Index (DXY) is moving within a long-term upward channel but has entered a downward trend since the beginning of 2025, while gold (XAU/USD) has surged sharply (from around the $2,600 level). Apart from the large-scale gold purchases by the People’s Bank of China on **July 17, 2015**, which increased its reserves to about **1,658 tons**—roughly **600 tons more** than the previously reported figure in 2009—it seems to me that the bullish trend in gold might (at least temporarily, for a few weeks) pause **only when the U.S. Dollar Index breaks above its short-term downward trendline**. However, for the U.S. dollar to fully reverse its current downtrend, it would need to break above the **100.3 and 102** levels.
TVC:DXY
by Babak.Maserati
DXY Implusive Bullish Trend - Longter OutlookThe U.S. Dollar Index (DXY) appears to have completed a major A–B–C corrective supercycle that started in the mid-1980s, with wave C bottoming around 2008. Since then, the index has been forming a new impulsive structure (1–5) within a long-term ascending channel. Currently, DXY seems to be developing wave (E) of sub-wave iii, which could mark a short-term top before entering a corrective wave iv phase near the 103–108 region. Once that correction completes, the next bullish leg — wave v — is projected to extend toward the 130–165 zone, signaling the potential start of a new bullish supercycle for the USD. The parallel channel structure and long-term EMA support reinforce this view that recent weakness is corrective rather than a trend reversal, keeping the long-term outlook firmly impulsively bullish for the dollar.
TVC:DXYLong
by Kuroneet
U.S. Dollar Index: Wave C Downtrend Targeting New LowsTVC:DXY CAPITALCOM:DXY 📉 U.S. Dollar Index (DXY) – Wave C in Progress The DXY remains in a corrective phase after completing Wave B₂. A clear A–B–C structure is unfolding, with the current move forming the final Wave C. The recent flag pattern (A–B–C–D–E) suggests a potential continuation to the downside. A break below 98.86 would confirm the start of Wave 5 of C, targeting the 95.4 → 94.3 support zone. Elliott Wave Overview: Wave A: completed Wave B₂: expanded flat Wave C: unfolding with 1–4 structure complete Key Levels: 🔹 Resistance: 99.75 🔹 Confirmation Sell: 98.86 🔹 Targets: 96-95-94-93 Bias remains bearish while price trades below 99.75.
TVC:DXYShort
by Trwin
$DXY at a key level: the dollar could reclaim its role as a safeTVC:DXY is currently at a key level. Historically, when markets enter a phase of euphoria and everything rises simultaneously — TVC:SPX equities, TVC:GOLD gold, CRYPTO:BTCUSD crypto — the dollar tends to reassert itself as a safe-haven asset. With major indices and technical indicators showing overbought conditions, and employment data beginning to weaken, a flight to safety into TVC:DXY over the coming months wouldn’t be surprising. Moreover, the rate spread between the U.S. and Europe remains wide: the TVC:US10Y 10-year Treasury hovers around 4.3%, while the TVC:DE10Y German Bund stays near 2.3%. This gap continues to attract capital flows toward dollar-denominated assets, reinforcing the greenback’s appeal even amid expectations of moderate rate cuts in 2025. In our view, it’s worth holding liquidity and/or equivalents over the next few years to seize potential opportunities from a market crash or sell-off should the FED be forced to cut rates in the current environment of economic slowdown.
TVC:DXYLong
by OrbisInvestment
4