Dollar index is in upchannelDollar index is in upchannel. After false breakdown, price came back to channel.Longby ZYLOSTAR_strategy0
DXY BIASAs we wait for the market to open it is important for you to know the overall direction of the market in general and that is where I come in as Dr. Trade, my job is to help you see what you are not seeing and I will do my best to make sure I provide you with the best market structure always, the target area for DXY is the POI above before I will be looking for short entries, so whatever trading strategy you use you can do well to use this as a blueprint when making your analysis and use correlation analysis too to make sure you are on the right path. stay tuned for more updates.Longby Dr_Trade1114
DAILY OUTLOOK ON DXYA bullish sentiment on dollar index while other pairs with the dollar will be bearish by D_Market_Maker1
Dollar Index Heading Into Key Area Of ResistanceThe Dollar has been exploding higher. The index is heading into key areas of resistance, revisiting prices we haven't seen since 2022. Watching this area to see how the FX markets react to the dollar either trying to push higher or possibly pulling back from key areas above.by DrMoogroo110
DXY is in an uptrend positionDXY is an uptrend position. But I think the trend is in the last movements and needs more attentionby mhmdtrader2
Long - If price pullbacks and form CLS on this levelLong - If price pullbacks and form CLS on this level you are welcome to comment with your thoughts and share your charts or questions below, I like any constructive discussion. What is CLS? This company is trading for the biggest investment banks and central banks. They trade over 6.5 trillion daily volume. They are smart money of the all markets. CLS operates in the specific times which will give you huge advantage and precisions to you entries. Focus on that. Its accuracy is amazing. Good luck and I hope this educational post helps to become better trader “Adapt what is useful, reject what is useless, and add what is specifically your own.” Dave FX Hunter ⚔Longby Dave-Hunter225
EUR/USD Short: Bearish Trend with DXY SupportShort EUR/USD at the current market price (CMP). EUR/USD remains in a bearish trend, likely heading for the next leg of the CD pattern. Meanwhile, the DXY is bullish, having retraced from the golden Fibonacci ratio and now appearing poised to continue its next bullish leg.Shortby tradeforex-networkUpdated 0
US Labor Market Surprises and Redefines Expectations for the FedThe US labor market has ended 2024 with unexpected strength, significantly exceeding market expectations. The addition of 256,000 new jobs in December, the highest figure in nine months, contrasts with forecasts of 160,000, consolidating a year of economic resilience. This robust data adds to a series of positive economic indicators, such as the services PMI and job openings, strengthening the narrative of a reduced need for an aggressive stance by the Federal Reserve (Fed). This labor market performance, bringing the total jobs created in 2024 to 2.2 million, though below the 3 million in 2023, directly impacts monetary policy expectations. Markets now more strongly anticipate that the first rate cut may not occur until the second half of 2025, with some suggesting it could be the only downward adjustment. This outlook diverges significantly from the Fed's revised projections at its December FOMC meeting, which reduced rate cut expectations from four to two for the next year. The strength of the US labor market, highlighted in the December non-farm payroll report, raises questions about the Fed’s monetary policy trajectory. This data, coupled with other positive economic indicators, suggests that the economy might be holding up better than expected, potentially delaying the need for rate cuts. A sectoral breakdown reveals particular dynamism in areas like healthcare (+46,000 jobs), government (+33,000), and retail trade (+43,000), the latter recovering from a contraction in November. However, certain weaknesses in manufacturing (-13,000 jobs) are evident. This strengthening of the US dollar, driven by robust economic data, is reflected in the DXY index, briefly reaching the 110 mark with a gain of approximately 0.7%. This appreciation of the dollar pressures emerging markets, particularly in Latin America, where the Mexican peso posted losses of over 0.8%. Additionally, downward pressure is observed in the equity markets, with the S&P 500 falling more than 1.5%. The market’s reaction to this data is clear: a stronger dollar, higher fixed-income yields, and pressure on equities. This scenario underscores the importance of closely monitoring the evolution of the US economy and its impact on global markets.by Pepperstone2
DXY WAXING STRONG AFTER THE NFP REPORT!DXY is showing a strong buy momentum after the just released NFP report which came out better than expected and higher than previous reports. It’s giving an idea that DXY (USD) might continue to dominate in bullish trend over the other pairs. Longby Cartela0
Dollar indexlooking for a breakout on the dollar index, this breakout will mean a massive drop on silver and gold and other related currencies. only trade what you can lose, the market will be extreemly volatier in the next 30 minutes Longby wizzywise10
Confluence of Gartley 222, AB =CD and Three Drives to the topAt times they work out perfectly but you must always guard against euphoria. Anything can happen in the market ! Another butterfly pattern with not so perfect fib ratios. Had to wait for other confirmations to get into the trade . CD leg terminated as a measured move of the AB leg and immediately evolved into a Three drives to the top pattern and that was my trigger, entered the trade with a sell limit and a tight stop. So far so good! Its a scalp trade! Always trade what you see and practise sound money management.Shortby ChasuraGold0
The chart suggests that the price might experience a retracement Analysis of the DXY (US Dollar Index) Chart Using Support, Resistance, and Projected Movements This is a 4-hour timeframe analysis for the US Dollar Index (DXY), highlighting critical support and resistance levels and potential price movements: Key Levels: Support Zone: A strong support zone is identified around 108.000 - 108.500. If the price retraces to this zone, it is expected to find significant buying interest. Resistance Zone: The first resistance zone lies between 109.000 - 109.500. The next resistance zone, which could act as a target, is located around 110.000 - 110.500. Proposed Movement Pattern (Blue Lines): The chart suggests that the price might experience a retracement toward the support zone at 108.000 - 108.500. After hitting the support and confirming a bounce, the price is expected to rally toward the 109.000 - 109.500 resistance zone. If the resistance at 109.500 is broken, the price could continue its upward trajectory toward the next target at 110.000 - 110.500.by EhsanFibo0
DXY Friday rallyThe DXY has created a double bottom forming a W patten, followed by creating a new Bull flag over the past 2 days. A break out of the bull flag could see a rally breaking high levels from 2022 at 110. If a rally to these levels does occur we will need to see bullish out announcements regarding the news over the weekend such as, Average Hourly Earnings m/m, Non-Farm Employment Change, Unemployment Rate, Prelim UoM Consumer Sentiment and Prelim UoM Inflation Expectations. I'd like to see a strong rally to end the week for the DXY, then monitor the news results over the weekend to form my Bias coming into next week on Monday. Longby KGHP1
Markets were in consolidation on 9th Jan 20259th January 2025 DXY: Consolidate between 109 and 109.40, could breakout to 110 NZDUSD: Sell 0.5575 SL 30 TP 60 AUDUSD: Look for reaction at 0.62, Buy 0.6220 SL 25 TP 50 or Sell 0.6175 SL 20 TP 60 GBPUSD: Sell 1.2260 SL 20 TP 70 EURUSD: Sell 1.0270 SL 25 TP 60 USDJPY: Watching that 158 resistance level EURJPY: Sell 162.40 SL 50 TP 80 GBPJPY: Sell 193.30 SL 50 TP 100 USDCHF: Buy 0.9130 SL 20 TP 50 USDCAD: Buy 1.4415 SL 20 TP 45 XAUUSD: Watch 2672 resistance (61.8%), possible rejection.by JinDao_Tai3
DXY Trading JournalDXY Trading Journal Jan9 Analysis Price opened in Asia to create and take recent equal lows before seeking higher prices taking out previous days buy stops. London created the high before retracing. High resistance day. Jan 10 Daily range is in Premium however the session range landed right on the .50%. NFC in NY session. I could see both noted clean equal highs and lows get taken today. I suspect that the highs will swiped then Price will lower to rebalance the FVG. by LeanLena0
US Treasury Yield and USD concerns. Market Update 1-8-2024Looking over the 30 yr bond as well as the DXY Chart. Also, breaking down the US equity markets and what possible hurdles we may be facing in the short term.07:36by LeroyJenkins130
DXY Potential UpsidesHey Traders, in today's trading session we are monitoring DXY for a buying opportunity around 108.400 zone, DXY is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 108.400 support and resistance area. Trade safe, Joe.Longby JoeChampion4
Something NEW!!1. Identify your htf. 2. Identify a htf bias. 3. Identify your current trading range on your htf. 4. Identify your premium or discount level. 5. Inside your premium or discount level identify your htf point of interest. 6. Wait for price to pull into your htf point of interest. 7. Pop down to a ltf where you'll observe bearish or bullish price action. 8. Wait for the buy model or sell model to play our wait for a market structure shift on the ltf. 9. Look for 2 stack pois like a breaker block coupled with an imbalance 10. Enter at the stacked poi( point of interest) after a market structure shift.Education16:02by darrenblignaut782
DeGRAM | DXY bearish takeover from the resistance levelDXY is in an ascending channel between trend lines. The price is moving from the dynamic resistance, which previously acted as a pullback point. The chart has formed a harmonic pattern, and upon reaching the resistance it formed a bearish takeover twice. On the 1H Timeframe, the indicators indicate a hidden bearish divergence. We expect a pullback. ------------------- Share your opinion in the comments and support the idea with like. Thanks for your support!Shortby DeGRAM8818
DeGRAM | DXY the index will continue to strengthenThe DXY is in an ascending channel between trend lines. The chart has already consolidated above the dynamic support, which previously acted as a rebound point. The price is holding above the 62% retracement level. We expect the growth to continue. ------------------- Share your opinion in the comments and support the idea with like. Thanks for your support!Longby DeGRAMUpdated 337
"US Dollar Index (DXY): Bearish Rejection at Key Resistance ZoneThis chart for the US Dollar Index (DXY) on the 2-hour timeframe highlights a clear resistance zone around **109.034–109.278**, where price has rejected multiple times (marked by the orange circles). This indicates strong selling pressure at this level. ### Key Observations: 1. **Double/Triple Top Formation**: The repeated rejection around 109.034 suggests that sellers are defending this area. 2. **Bearish Bias**: The projection arrow indicates a potential bearish move from this resistance zone toward lower support levels around **108.380** and possibly further. 3. **Stop Loss Zone**: The red zone above 109.278 likely represents an invalidation level for any short positions. If price breaks and holds above this zone, it could signal further bullish momentum. 4. **Support Areas**: The highlighted zones below (around **108.380** and **108.000**) serve as potential profit-taking or reversal zones for shorts. ### Potential Trade Idea: - **Sell Zone**: Around 109.034–109.278. - **Target 1**: 108.380. - **Target 2**: 108.000 (if momentum continues). - **Stop Loss**: Above 109.278. This aligns with a bearish rejection play at resistance. However, if DXY breaks above 109.278 with strong momentum, you might consider switching bias to bullish. Always watch for confirmation before entering! Shortby TRADE_CENTER_1114
USDX-SELL strat5egy 2D chartThe USDX index is clearly overbought, and secondly we have a negative divergence (see arrows) on our hand. this suggest highly, and also comparing 2016 US elections before and after inauguration, the bias likely will be weaker US dollar. this seems reflected in all currency pairs. The USDX can move towards 105.00 area is my humble opinion in time. strategy SELL at 109.00-109.50 and take profit near 105.75. Shortby peterbokma3