FX.co ★ Aimee | Aimee Trading journal

Aimee Trading journal on #USDX {"data-align":"none","data-linktype":"1","data-size":"full","data-tempid":"temp_5114948_1761384896104_401","title":"Screenshot_2025-10-25-14-30-20-555_net.metaquotes.metatrader4.jpg"} ???? Aimee's USDX Trading Journal Analysis (H1 Chart) This image is a technical analysis chart for the U.S. Dollar Index (#USDX or DXY) on a 1-hour (H1) timeframe, covering the period from roughly October 15th to October 24th. The chart includes: * Price Chart (Top Panel): * Candlesticks: Show price movement. * Moving Average (Black Line): A key trend indicator. * Parabolic SAR (Red Dotted Lines): Shows the direction and potential reversal of the trend. * Support/Resistance Lines (Purple Horizontal Lines): Key price levels around 98.91 and 99.05. * Indicators (Bottom Panel): * MACD (12, 26, 9): Moving Average Convergence Divergence, used for identifying momentum and trend changes (red and green bars with a zero line and a curved signal line). * Gator Oscillator (13, 8, 5): Measures the degree of convergence/divergence of the Alligator Indicator's moving averages (two separate histograms above and below the zero line). ???? Technical Observations & Analysis 1. Price Action and Trend (Oct 15 - Oct 24) * Mid-October Reversal: The price experienced a sharp decline starting around Oct 15th, reaching a low around Oct 17th. * Uptrend Formation: From Oct 17th to Oct 21st, the price recovered strongly, moving above the black moving average, indicating a shift to an uptrend. * Consolidation/Range: Starting around Oct 21st and lasting until the end of the chart, the price entered a tight consolidation phase between the horizontal support at 98.91 and resistance at 99.05. The Parabolic SAR dots are flattening and weaving around the price and the moving average, which also points to a sideways, non-trending market. 2. Momentum Indicators * MACD (12, 26, 9): * It crossed the zero line and showed strong positive momentum (green bars) during the uptrend (Oct 17th - Oct 21st). * As the price entered consolidation (post-Oct 21st), the MACD histogram shrunk and hovered very close to the zero line, indicating very low momentum and a sideways market bias. * Gator Oscillator (13, 8, 5): * The oscillator showed a strong "eating" phase (both green bars) during the initial strong uptrend (Oct 17th - Oct 21st). * In the final period (Oct 22nd - Oct 24th), the histogram bars are mixed colors (red and green on different sides of the zero line) and very small, suggesting the "Alligator" is in a "Sated" or "Awakening" phase, which confirms the lack of a strong trend and market consolidation. Trading Journal Summary The #USDX H1 chart indicates that the strong bullish trend from Oct 17th has exhausted itself and transitioned into a tight range-bound market (consolidation), bounded by the two purple lines (98.91 support, 99.05 resistance). * Current State (Oct 24th): The market is non-trending (flat). * Potential Bias: The overall price remains above the black moving average and is testing the resistance zone, which could imply a slight bullish bias for a potential breakout above 99.05. However, the indicators (MACD and Gator) strongly warn that momentum is currently absent. Next key action for Aimee: Wait for a decisive breakout above 99.05 or a breakdown below 98.91 (and the black moving average) to confirm the next directional move, as the current environment is difficult for trend-following strategies. Would you like me to find out what fundamental economic news may have influenced the USDX during this period in October 2025?