DXYThe Dollar Index has shown a strong bullish pattern on the 4-hour chart. There is a small trading range indicating an exhausted market, with the resistance being broken.
DOLLARINDEX trade ideas
DXY MULTI TIME FRAME ANALYSISHello traders , here is the full multi time frame analysis for this pair, let me know in the comment section below if you have any questions , the entry will be taken only if all rules of the strategies will be satisfied. wait for more price action to develop before taking any position. I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied.
🧠💡 Share your unique analysis, thoughts, and ideas in the comments section below. I'm excited to hear your perspective on this pair .
💭🔍 Don't hesitate to comment if you have any questions or queries regarding this analysis.
Possible Wave Counts on Daily Time Frame Chart of DXYMost investors treat trading as a hobby because they have a full-time job doing something else.
However, If you treat trading like a business, it will pay you like a business.
If you treat like a hobby, hobbies don't pay, they cost you...!
In this study we used Elliott Wave Theory & Structures, here we have plotted possible wave counts on daily time frame chart of DXY Dollar Index, it involves multiple possibilities, and the analysis presented focuses on one potential scenario. The provided information is for educational purposes only, not trading advice. There's a risk of being completely wrong.
I am not Sebi registered analyst.
My studies are for educational purpose only.
Please Consult your financial advisor before trading or investing.
I am not responsible for any kinds of your profits and your losses.
Hope this post is helpful to community
Thanks
RK💕
Disclaimer and Risk Warning.
The analysis and discussion provided on in.tradingview.com/u/RK_Charts/ is intended for educational purposes only and should not be relied upon for trading decisions. RK_Charts is not an investment adviser and the information provided here should not be taken as professional investment advice. Before buying or selling any investments, securities, or precious metals, it is recommended that you conduct your own due diligence. RK_Charts does not share in your profits and will not take responsibility for any losses you may incur. So Please Consult your financial advisor before trading or investing.
Focus on USD and gold: DXY bearish signal and market dynamics🔍 Technical Observations
On the H4 timeframe, the Head and Shoulders pattern on DXY has completed, signaling a potential strong reversal.
Recent Decline: DXY has dropped sharply to the nearest Fair Value Gap (FVG) zone at 107.2xx - 107.5xx, where price reacted significantly.
Correlation with Gold: Gold returned to its all-time high zone last week and reacted with a pullback of nearly 20 points, demonstrating the inverse relationship between the two assets.
📊 Technical Analysis
DXY:
Support at FVG Zone: Following a sharp rally fueled by FOMO over Trump’s election victory, DXY reached a high liquidity void and has since reversed.
Head and Shoulders Pattern: The failure to break the nearest resistance level on H4 triggered a significant sell-off.
Gold:
Correction After Rally: Gold appears to have completed its bullish wave at a critical resistance zone, indicating a potential start of a corrective phase.
💡 Key Factors Impacting DXY
Monetary Policy:
Decisions by the Federal Reserve (Fed) on interest rates continue to have a major influence on DXY.
If the Fed signals a dovish stance, further pressure on DXY is expected.
Economic Data:
Indicators such as unemployment rates, GDP growth, and inflation will shape investor expectations for USD strength.
Weak data may contribute to a downward trend in DXY.
Political Climate:
Trump’s election victory initially created FOMO-driven momentum. However, upcoming trade and fiscal policies could significantly shift the market direction.
🔮 Outlook for the Coming Week
Based on recent developments:
Technical Trends: DXY remains in a corrective downtrend, with further downside likely unless key resistance levels on H4 are breached.
Market Sentiment:
Weak economic data or dovish Fed signals may add downward pressure.
Positive surprises from economic or political factors could lead to a swift reversal.
📢 Share Your Thoughts!
How do you think DXY and gold will perform in the coming week?
👉 Follow KevinNguyen-SimpleTrade for more insights, strategies, and updates! 🚀
DXY to CRASH to 100.Attached: Daily Price Chart Live 24th Jan 2025
#DXY has Topped out on Trump saying he will Demand Immediate Interest Rate Cuts at DAVOS,
and also BOJ Hiking Rates today to highest since 2008 GFC
The Sell Off has got triggered by break of 50 DEMA and a Classic HNS Top Pattern🐻
Indicators like Daily RSI breaking below 50 and also Daily MACD in Sell Mode are supportive of the bearish price action
Downside Target: TVC:DXY headed back to 100🎯📉
This would also be Very Bullish for Precious Metals like #XAUUSD and #XAGUSD
DOLLAR INDEX trump trendseasonality one 0 one weaker dollar possibly stands bullish for risk assets .
DXY MULTI TIME FRAME ANALYSISHello traders , here is the full multi time frame analysis for this pair, let me know in the comment section below if you have any questions , the entry will be taken only if all rules of the strategies will be satisfied. wait for more price action to develop before taking any position. I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied.
🧠💡 Share your unique analysis, thoughts, and ideas in the comments section below. I'm excited to hear your perspective on this pair .
💭🔍 Don't hesitate to comment if you have any questions or queries regarding this analysis.
DXY MULTI TIME FRAME ANALYSIS🧠💡 Share your unique analysis, thoughts, and ideas in the comments section below.I'm excited to hear your perspective on this pair .
💭🔍 Don't hesitate to comment if you have any questions or queries regarding this analysis.
DXY_DUS Dollar (USD) 💵:
- Decrease in Net Long Positions: Net long positions in the US Dollar reached their lowest level in two weeks.
- Dollar Index (DXY): The US Dollar Index began a sharp correction, eventually hitting its lowest level of the year.
- Interest Rate Forecast: This decline was driven by market expectations of further and potentially deeper interest rate cuts by the Federal Reserve
DXY_H4US Dollar (USD) 💵:
- Decrease in Net Long Positions: Net long positions in the US Dollar reached their lowest level in two weeks.
- Dollar Index (DXY): The US Dollar Index began a sharp correction, eventually hitting its lowest level of the year.
- Interest Rate Forecast: This decline was driven by market expectations of further and potentially deeper interest rate cuts by the Federal Reserve
DollarBullish for next few months
if fed print monney
dollar will move higher high
and it will be de-valued
as per trend
TRADE IDEA ON SHORT SIDE - US DOLLAR INDEX (DXY)Symbol - DXY
DXY is currently trading at 109.16
My reversal setup has formed in DXY & I'm seeing a trading opportunity on sell side.
Shorting DXY at CMP 109.16
I will add more position if 109.65 comes & will hold with SL 110.05
Targets I'm expecting are 108.00 - 107.30 & below.
Disclaimer - Do not consider this as a buy/sell recommendation. I'm sharing my analysis & my trading position. You can track it for educational purposes. Thanks!
$ - Sell ?For several months $ was weak but as US Equity reached new ATH $ was making accumulation at lower levels and took lot of time to rise. Right now $ index is at golden ration level and I expect possibilities are distribution and price could fall in coming days and I do not expect $ index to rise further higher. with new president having plans to make US exporter and wanted a weak dollar combined with BRICS and world nations following non-dollar trades. So I am expecting $ index to fall and its right time to sell Dollars and Buy Euro and Yen.
DXY_H4Due to the arrival of the price to the specified range for wave 5, the typical negative divergence also has the hidden divergence expected to fall to the specified range.
DXY_DDue to the arrival of the price to the specified range for wave 5, the typical negative divergence also has the hidden divergence expected to fall to the specified range.
Bearish Divergence on DXY , What’s Next?The DXY appears primed for a significant drop. On the daily timeframe, a clear bearish divergence has formed, suggesting potential downside movement. Key support levels should be monitored, particularly in relation to the RSI. If the RSI holds around the 50 level, we could see a potential bounce; however, a continued drop into the oversold zone is also possible. The DXY's movement may also be influenced by the FOMC minutes release on January 9th, adding another layer of significance to these levels.
Bearish Divergence on DXY , What’s Next?The DXY appears primed for a significant drop. On the daily timeframe, a clear bearish divergence has formed, suggesting potential downside movement. Key support levels should be monitored, particularly in relation to the RSI. If the RSI holds around the 50 level, we could see a potential bounce; however, a continued drop into the oversold zone is also possible. The DXY's movement may also be influenced by the FOMC minutes release on January 9th, adding another layer of significance to these levels.
DXY_H4Due to the arrival of the price to the specified range for wave 5, the typical divergence expected to fall to the specified range.
DXY $ since 1972, FED Pivots and What now for ALTS coins ?DXY $ since 1972 and Rate Cuts
When the FED cuts rates, the $ Drops in value most of the time as can be seen here on the chart below
( I have not "Boxed" the current FED Rate cuts to make it easier to see the PA )
This time it has continued to Rise for a number of reasons.
In Fact, ever since that Banking "Accident" in 2008, the DXY has gained in value, on average, but thats another story.
FED has said that Cuts may not occur in 2025. This Could once again make the $ a more attractive buy if other markets are falling. Then the $ could Stop being propped up !
Normally, as $ rises, Crypto struggles - again, we have seen BTC rise at the same time as the $ since July this year.
It is ALTS that have struggled and this may very well continue.
Normally, we wait for BTC/D to drop and then the Money flows into ALTS.. but if the money remains in Bitcoin, the ALT market requires an alternative source of income.
Could we see the DXY $ loose that money ?
But the pause in Rate Cuts may stop that
That War in Finance continues.
TradFi Lost round 1 and now Bitcoin is accepted, used, alllowed and is King. This is why the $ Will remain in Bitcoin, ETF's etc. We may see outflows every now and then but certainly Not the amount that drives the ALT market normally.
Will we even see a bear market again ?
ALTS however, they are the Minions that may yet suffer
The War continues and DeFi, for example, needs to step up and REALLY make it self a Lot more user friendly, attractive and bigger gains in use, stake cases.
2025 is going to be very interesting and Volatile
Don't Get Burnt. Be Cautious, the gains could be huge....as could the losses
The dollar bull run to continueAhead of the FOMC meeting, the dollar index shows no signs of relenting; it is holding above the 20dma and subdividing into waves i and ii of 3 as a third wave is just starting. The idea that the FED will lower rates does not seem to matter to the Dollar.
DXY Bearish Setup Update - DXY is currently trading at 105.7 and it exactly got rejected from my POI
- DXY looks all set to mitigate 103.8, bringing more upside to all pairs denominated by USD, risky assets like Crypto, and Stocks.
- Watch out for 103.8 and 101.9 to expect another leg up from
- We have a market structure shift from 103.3 if we flip below that on a weekly TF, we might soon see DXY turning bearish.
- DXY can soon show impulsive moves on Monday post bullish commentaries
DXY Bearish ideamonthly buyside liquidity has been purged, and there is a change in state of delivery(daily) confirms bearish momentum with a additional confluence of smt between us bonds
Share your unique analysis, thoughts, and ideas in the comments section below. I'm excited to hear your perspective on this pair .
Don't hesitate to comment if you have any questions or queries regarding this analysis.
