DXY Holds Steady, Forming Bullish Wedge Confluence at 100.400"The DXY remains steady, setting confluences for a bullish wedge formation around the 100.400s. This structure suggests potential upward momentum building, with key levels to watch for confirmation of continuation. follow for more insights , comment and boost idea .
DXY trade ideas
DXY BULLISHThe dollar advanced against the euro and sterling on Wednesday but investor concerns over the Federal Reserve's independence continued to linger, potentially limiting the U.S. currency's rise.
The euro
EURUSD
was down about 0.4% at $1.1593 and sterling
GBPUSD
slipped 0.3% to $1.3441, giving back some of the gains spurred by Trump's announcement on Monday that he would fire Fed Governor Lisa Cook over alleged improprieties in obtaining mortgage loans.
Cook's lawyer later said she would file a lawsuit to prevent her ouster, kicking off what could be a protracted legal fight.
Trump's unprecedented bid to remove the Fed Governor adds to the relentless pressure he has put on the central bank to lower interest rates since he returned to the White House this year.
DXY | 26 AUG – “Risky Countertrend Play”Entry Logic:
Price swept 15M highs → confirmed manipulation ✅
Entered short below liquidity with stops above the sweep.
First target = Asian low (97.93) 🥷
Extended target = 97.83 (daily liquidity pocket) 🎯
⚠️ Note: This is a riskier trade since we’re countering the larger 4H bullish structure and didn’t wait for a clear 1H choch confirmation. Basically a “fade the sweep” type of play.
🔍 My Take:
I actually like this trade, but with caution. We are essentially shorting into higher timeframe bullish orderflow. If DXY respects the 4H premium POI and rolls over, we will catch a clean drive to the downside with great RR.
👉 If it holds above 98.43, though, bulls may squeeze shorts hard and continue higher into 98.57 zone. MUST trail stops aggressively once Asian low is tagged.
DXY Analysis (4H / 6M Outlook)On the higher timeframe (6M), DXY continues to show a bearish scenario with liquidation and further downside pressure. On the monthly chart, a CHoCH formation aligns with the COT reports, confirming continuation of the same narrative we’ve seen in recent weeks.
Looking at the chart, price is rejecting supply zones and struggling to hold above the descending trendline. We could still see one last liquidity grab in the 99.2–99.7 zone before the drop resumes.
My main target remains 97.0–96.5, which could be reached this week or next if the market doesn’t choose to accumulate longer. From there, I would expect a potential retracement towards the 105.0 zone before deciding on longer-term direction.
Keep in mind: with a possible Fed rate cut in the coming weeks, DXY could enter a ranging phase to define its next move toward those key zones.
📉 Bias: Bearish
🎯 Short-term target: 97.0 – 96.5
📌 Possible final liquidity grab: 99.2 – 99.7
📈 Potential retrace: 105.0
Dollar Index (DXY) Bearish Impulse Aims for 97.3The Dollar Index (DXY) displays a bearish sequence with lower lows since its August 1, 2025 peak, signaling further downside. The decline from this high unfolds as a five-wave impulsive Elliott Wave structure. From the August 1 top, wave ((i)) concluded at 98.6, followed by a wave ((ii)) rally peaking at 99.07. The Index then dropped in wave ((iii)) to 97.94, with a corrective wave ((iv)) reaching 98.67. The final leg, wave ((v)), completed at 97.62, marking the end of wave 1 in a higher degree.
A corrective wave 2 emerged as a double three Elliott Wave pattern. From the wave 1 low, wave ((w)) climbed to 98.32, followed by a pullback in wave ((x)) to 97.72. The subsequent wave ((y)) peaked at 98.83, finalizing wave 2. The Index has since resumed its decline in wave 3, structured as another five-wave sequence in a lesser degree. From the wave 2 high, wave ((i)) fell to 97.55, and a wave ((ii)) rally reached 98.54. As long as the pivot at 98.83 holds, the DXY should extend lower, targeting 97.3 in the near term. Traders should monitor this pivot for confirmation of the bearish trend.
Daily Forex Analysis | 2025.08.26In today’s video, we provide a detailed analysis of the most important forex pairs and instruments:
BTCUSD – Today’s outlook and market direction
DXY (Dollar Index) – Current dollar strength analysis
XAUUSD (Gold) – Possible gold movement in today’s session
EURUSD & GBPUSD – Technical analysis on major currency pairs
As always, our analysis follows a top-down approach to help you understand the bigger picture of the market.
Whether you are a beginner or an experienced trader, this video will give you valuable trading insights.
Dollar Index attempt.Trump has done something that has kept the Dollar Index below the key level of 100 for nearly 100 days, and despite all its attempts, it hasn’t even come close to that zone so far.
If it manages to strongly break through the 99 level, there might be hope that in the coming weeks it could return to its original position above 100.
LOOKING BEARISHThe DXY looks bearish mainly because markets expect the Fed to cut rates soon, which lowers dollar yields. At the same time, Treasury rallies, inflation fears, and fiscal dominance concerns are hurting confidence in the dollar. Technically, DXY has also broken key support levels, with momentum pointing lower. Investors are increasingly hedging dollar exposure, adding further downside pressure.
U.S. Dollar Index (DXY):The index is currently trading around 97.90 after a sharp drop from 98.80. Possible scenarios:
1️⃣ Bearish Scenario:
If the price fails to reclaim the 98.00 zone and breaks below 97.75, further downside could extend toward 97.50 and 97.30.
2️⃣ Bullish Scenario:
If the index breaks and holds above 98.00, bullish momentum may target 98.30 followed by 98.55.
📌 The 98.00 level is the key pivot to watch for the next move.
DXY COUNTERTREND BUYS | 25 AUG🧃 DXY Signal – Liquidity got cooked edition
Daily got slapped bearish after Friday’s LQ sweep, but 1H said “lemme cook” 🔥
Price tapped the discount zone → setup valid ✅
First pitstop = Asian highs 🚏 (97.93)
Uber target = Orderflow station 🎯 (98.15 – 98.20)
SL chilling under 97.80 🛑 (if we break that, pack it up)
RRR chef’s kiss ~1:3 💋📈
Outlook: Bears had their fun, now bulls spinning the block for a quick correction rally. Don’t fight it, just ride it 🚀
DXY | daily sentiment After big LQ sweeps after the Powell speech I believe market as a high probability of piulling back up to upside Orderflow to collect some orders and FVG are open in discount price
personally I dont trade DXY but it proides good sentiment for the other correlating pairs... therefore for a more refined entry model, feel free to drop to the lower TF and seek proper cornfimation.
feel free to share your opponions of the trade in commment section, @sam_trades_smc
Bullish bounce off pullback support?The US Dollar Index (DXY) is falling towards the pivot and could bounce to the 1st resistance, which acts as a swing high resistance.
Pivot: 97.19
1st Support: 96.36
1st Resistance: 100.07
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US Dollar: Bearish August. Rate Cuts Likely. Sell USD?Welcome back to the Weekly Forex Forecast for the week of Aug 25 - 29th.
In this video, we will analyze the following FX market: USD Dollar
The USD has been weak since the start of August. It took a huge move down Friday with FED Chairman Powell's dovish take on rate cuts.
So, this market is is not one to take buys in.
However, we are still in correction territory, looking at the Monthly and Weekly candles. Be mindful that the market can find support at current levels, even though it has been bearish for 7+ months. The Swing Low has not been violated as yet.
Be cautious. No buys are justified without a Bullish BOS. Sells are the best best, but keep your head on a swivel!
React and do not predict.
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.
DXY4HIn this series of analyses, we have reviewed trading perspectives and short-term outlooks.
As can be seen, in each analysis there is a key support/resistance zone close to the current asset price, and the market’s reaction or breakout at this level will determine the next price trend toward the specified targets.
Important note: The purpose of these trading perspectives is to highlight significant levels ahead of the price and potential market reactions to these levels. The provided analyses are by no means trading signals!