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USDX trade ideas

DXY Trading Journal DXY Trading Journal Jan 19 Price is delivering to a discount on the Previous weeks range in a consolidation pattern since Wednesday. Cool to see Price react at the event horizon level-marked in RED DOTTED LINE, as well as the NWOG reactions. By Friday Price broke the equal highs and poked above the 50%. For the week I suspect Price will seek higher prices. Target is the clean equal highs and the 15M FVG to rebalance for the week ahead delivery. Jan 20 ideas My analysis leads me to expect that Price is delivering to Premium from Fridays range and Price should seek lower prices in Asia and in London to take the equal lows/15M FVG before seeking higher Prices. Trump is going into office tomorrow be nimble because Price is on the 50% and Price could bull rally tomorrow to.
TVC:DXY
by LParnell
DXY Trading JournalDXY Trading Journal Jan19 Weekly Analysis Price is delivering to a premium on the M, W and daily. Price is rebalancing a Monthly SIBI and wicked up to the .70 HTF level. Price did seek lower prices last week rebalancing a daily FVG from Jan 8. and inefficient delivered price-volume imbalance from Jan 9. Friday Price bounced off the .618 and taking buy side liquidity, while creating clean equal lows. Trump takes to office Monday. WEF orange folder all week. Friday heavy news day.
TVC:DXY
by LParnell
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.
TVC:DXYLong
by BitInfo12
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.
TVC:DXY
by inkicho_exness
DXY demanding area to buy it, Read caption for more...Hello fellow traders share your opinions about this setup thanks for your support. I have prepared this chart and it represents DXY on a 4-hour timeframe, more you can read bellow. 1. Price Channel (Yellow Zone): The price is moving within an ascending channel, indicating a short-term uptrend. 2. Resistance Zone (Red Area) : Positioned near the 110.500 level, this acts as a potential area where the price may face selling pressure. 3. Demand Zone (Green Box): Located around 109.100, this serves as a support level where buyers might step in. 4. Support Zone (Lower Green Box) : Positioned around 107.500, it provides a more significant area of demand. 5. Target Zone (Blue Box): Highlighted as a potential area where the price may rebound to if it bounces off the demand zone. Shortly the price may be bullish from the current area if not then it has a demand zone between 109.032 to 109.228 Key levels DXY buy from 109.200- 109.500 Target at 109.850 SL at 108.821 Note; This is for educational purpose not a trading advice. Kindly support me like comment and share the ideas.
TVC:DXYLong
by Jacks_Trading_Service
DXY (US Dollar Index) 4H Timeframe AnalysisDXY (US Dollar Index) 4H Timeframe Analysis Trend Analysis On the 4-hour timeframe, DXY is currently in an uptrend, with price action recently breaking through a major key resistance level at 108.900, which is now acting as a strong support. This breakout marks a potential continuation of the bullish trend. The market has formed a clear 3-bottom reversal pattern, indicating strong buying momentum as price pulls back for a liquidity hunt below the minor key support. Currently, the price is in a consolidation phase near the liquidity zone, ready to test the minor key resistance at 109.040. If the price breaks above this resistance after the liquidity hunt, we expect continued bullish momentum toward the next resistance level at 110.290. Price Action Expectation: Our objective is to wait for a price manipulation period at the liquidity zone, where we expect a brief dip to liquidate all buyer stop-losses. After this, we anticipate a strong rebound and a potential breakout above the minor key resistance. Wait for price to break above the minor resistance at 109.040. Look for confirmation of a bullish continuation with increased volume as the price reacts to any positive economic news, such as strong retail sales and low unemployment claims. Expect the price to rally toward the next significant resistance level at 110.290. Trade Setup: Trade Type: Buy Stop (Breakout Entry) Entry: 109.040 (after a confirmed breakout above minor resistance) Stop Loss: 108.550 (below liquidity zone to avoid false breakouts) Take Profit: 110.290 (next significant resistance level) News Catalyst The upcoming economic data, such as Core Retail Sales and Unemployment Claims, could have a significant impact on the USD. A positive retail sales number (forecasted at 0.5%) would likely support the uptrend in DXY, as would a lower-than-expected unemployment claims number (forecasted at 210K). Strong data from these releases would reinforce the bullish sentiment for the USD, pushing DXY towards the next key resistance. Conclusion: DXY shows strong bullish potential based on a clear trend break and positive economic data outlook. The strategy focuses on waiting for the breakout confirmation, entering at a strategic point, and riding the momentum toward the next resistance level. Risk Management: Maintain a 1:2+ risk-to-reward ratio to optimize trade outcomes. Position size should align with your account equity to manage risk effectively. Monitor economic news closely, as it could influence short-term market fluctuations. Trading involves significant risks and is not suitable for all investors. Always: Seek advice from a financial professional if unsure about trading decisions.
CAPITALCOM:DXYLong
by RebornFXTrader