DX.F trade ideas
Mighty Dollar Eyes Further GainsThe US Dollar Index (DXY) commenced the new year on a strong note, breaking out of its consolidation phase and surging toward the 109.50 level on January 2.
◉ Technical Observations
● The daily candle close on Friday formed an inside bar bearish candle, indicating a potential pullback in the week ahead.
● Immediate support levels are situated between 107.50 and 107.00.
◉ Market Outlook and Key Events
The US jobs report comes out on Friday and will be the main focus for the market this week. A strong jobs report could strengthen the US dollar, affecting emerging markets and commodities.
DollarDXY - U.S Dollar Index
Completed " 12345 " Impulsive Waves
Break of Structure
Rising Wedge as an Corrective Pattern in Short Time Frame
RSI - Divergence
Change of Characteristics
THE US DOLLAR (DXY) // primary long expansionThe last impulse, that is visible even on the weekly chart, broke the weekly structure.
The emerging countertrend only came back to 23.6, but tested the weekly (and H4) breakout, and turned up in the direction of the primary trend.
This is the expansion phase with a target of 109.00, and it is valid until the structure breaks on H4.
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We may not know what will happen, but we can prepare ourselves to respond effectively to whatever unfolds.
Stay grounded, stay present. 🏄🏼♂️
Your comments and support are appreciated! 👊🏼
DXY Continues bullish momentum from 108.600For the DXY, I anticipate a corrective move, as the price has recently broken structure to the upside. This break has created new demand zones, which we can expect to act as strong support, allowing bullish momentum to continue.
This week, my focus will be on the 8-hour demand zone around 108.600. If the price mitigates this zone, I’ll look for lower time-frame confirmation to enter a trade. My target will be the 8-hour supply zone above, where I anticipate some bearish pressure may emerge.
However, if the price moves lower and breaches the 8-hour demand zone, I’ll shift my attention to the extreme 5-hour demand zone for a potential buying opportunity, aligning with the overall bullish trend.
Let’s stay sharp and make the most of this week. Let’s crush Q1!
DXY SELL IDEADXY is currently in its 5th wave, the wave 5 is the completion of the bullish trend, i am expecting a change of market direction once the red trendline i drew is broken, i call that the risk trendline. For entries; look for the break of risk trendline and set your SL above the high. This is a swing setup, so you have to be patient, take into account risk management, all emotions aside, we are trading not playing.
$dxy 104.5 Hola ,
so we poke above the multi year pennant and bouncing of the 7 ema
rsi topped out and looking for a test of 104.5 before it starts accelerating
let see what happens to our metals with this obviously reclaim 108.2 and this idea is invalidated
but with Sivler doing a sweep of a key level and reclaiming $29 am still holding my spot and waiting on $35 to be broken
let see what we get soon
DXY Is Going Up! Long!
Here is our detailed technical review for DXY.
Time Frame: 9h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is approaching a key horizontal level 108.922.
Considering the today's price action, probabilities will be high to see a movement to 110.143.
P.S
Please, note that an oversold/overbought condition can last for a long time, and therefore being oversold/overbought doesn't mean a price rally will come soon, or at all.
Like and subscribe and comment my ideas if you enjoy them!
DXY - 4H🕯 **Weekly Analysis of the Dollar Index** 💵
📌 Based on the chart, the price has two likely scenarios ahead, which you can observe in the image. To identify the main price movement, you should pay close attention to the micro-waves at the beginning of the week.
The DXY is currently in a critical position appears to be forming a harmonic pattern. Based on AB = 50% and BC = 161.8%, we expect the DXY to reach the D Point, where a significant reversal or continuation of the trend could occur.
AB Leg: The DXY retraced 50% Fibonacci retracement, confirming a solid start to the harmonic structure.
BC Leg: The second move (BC) extended to 161.8% Fibonacci extension, which is a key level for harmonic confirmation.
DC Leg:
We are now waiting for the price to reach D Point, likely around a Fibonacci retracement level such as 78.6% of XA.
Once it hits that level, we can expect a strong reversal or a continuation of the trend depending on the market behavior.
What to Expect?
If the DXY respects the D Point, we could see a major reversal (USD either gaining strength or weakening, depending on the direction).
If the DXY breaks above D Point, the harmonic pattern will fail, and the trend could continue in its current direction.
Where to Watch for Risks:
Look for confirmation signals like divergences or candlestick patterns at the D Point to avoid entering a failed trade.
The DXY is currently in a critical zone, so wait for confirmation before taking action. Be cautious of a breakout above the PRZ (Potential Reversal Zone)!
DXY - OVERBOUGHT = Risk On in Near Term = GainsThe DXY RSI levels are approaching overbought territory. Don't need to over think this one. I'm looking for a mean reversion.
On average, it appears a DXY pull back is +/-12%. $102-$98 is the level I'm watching for the short/medium term for the DXY. I imagine it strengthens again in the future, but it's offside at the current moment.
Stonks, BTC, & Crypto are looking prime for a risk on environment & substantial gains - for at least the short to medium term - if the DXY sells off.
Either way, it's looking like the DXY will need to mean revert in the near term.
BULLISH.
Dollar index is in upchannelDollar index is in upchannel. It may continue its upward momentum since upcoming Trump's policies are making US dollar bullish.
Psychology tips shouldn't be depressing. Psychology. Developing it changes how you see markets and this changes how you trade it.
- 3 Market Types (Who are you dealing with?)
- Industry Structure
- Price Structure & Trend
This is a SUPER quick overview of these three points, but start here, and be sure to look out for more advance in-depth conversations.
DXY correctioncompleted the Elliot 5 waves. as you can see exactly based on it moved.
it would start the correction for ABC wave. after confirmation we will proceed to hunt it.
DXY WEEKLY As the FVG is being traded to in the weekly, I am anticipating a run on liquidity on the sellside
DXY Trading JournalDXY Trading Journal
Jan 17
Price is delivering to a discount on the previous days range. I would like to see Price come down to the equal lows before rallying to rebalance the hour FVG at the 50%
No news today so it could a side ways day.
The dollar is in the last wave, meaning that the dollar will risThe dollar is in the last wave, meaning that the dollar will rise to a new peak, possibly 113.00.
DXY Short1)Trend defined. 4h Downtrend.
2)Contradictory limit order entry. At the upper extreme of the previous 1h consolidation range.
3)Default loss. Above the shakeout of the range.
4)Default target level. 4.82.
5)Risk <= 3%.
6)Singular trade.
7)Trades placed today <= 5.
Long Term Portfolio AddsAMEX:GLD was added back on the 3rd of January. I wrote an article on TradingView and on my website explaining why I like the add. Next is NASDAQ:TSLA , which is prime of a break out after a complex pullback both on the daily and the weekly. Lastly, TVC:DXY is showing strength with a tight and fast trend on the weekly and a pullback setup on the daily.
DXYWe stongly bullish, as we can see we from a storng psycological level and price rejected multiple times that zone. And adding as weekly cot report DXY is strongly bullish. The next strong resistance zone is 110
Dollar strength stopped as December CPI cools
The dollar retreated further as the deceleration in core CPI for Dec increased the likelihood of a Fed rate cut. According to the CME FedWatch, the probability of a rate cut in June FOMC rose to 67% from 57%. Richmond Fed President Thomas Barkin stressed that inflation is approaching the 2% target again and price pressures were continuing to slow.
Failed to hold EMA21, DXY consolidates near the 109.00 threshold. The index briefly broke below EMA78 and the trendline, indicating the possibility of a bearish transition. If DXY fails to hold EMA78 and the trendline, the index may fall further to the support at 108.30. Conversely, if DXY breaches above EMA21, the index could regain upward momentum toward the 110.15 high.
CPI TRADE ON DXYHello guys !
As DXY rejected our support
So we have very high chances it for to rise up to 110100
Will the DXY Hold the $109 Level Amid Bearish Patterns and CPI?The DXY is currently forming a bearish chart pattern as it awaits the release of today's CPI data. The key question remains: will the $109 support level hold firm, or is a breakdown imminent? I’d love to hear your analysis and insights on this critical matter.
