What if the USD rally is only just getting started?The USD rally has entered its seventh week and continues to defy its seasonal tendency to weaken in Q4. And that is simply because the macro backdrop 'Trumps' its average performance this time of the year. Today I take a step back to admire the bigger-picture view of the USD index, to show why I thi
DX! is currently showing a bullish trendPrice Volatility: From January to early March 2023, DX! experienced fluctuations with an initial drop followed by a rise and then another decline. The lowest point was around 102.75 at the end of January, while the highest point reached 108 in mid-February.
Support and Resistance:
Support Level: The
COT Analysis - Currencies - DXY 6E & 6M SET UP FOR TRADES!COT analysis shows that the Euro and Mexican peso are nicely setup for longs upon a confirmation of bullish trend change on the daily. The only "fly in the ointment" here is that the DXY commercial positioning is still very bullish, which is a bit of a mixed signal. Ideally, we like to see the DXY &
Dollar Index Daily Channel Breakout PossibilitiesWhen we observe the first day of the month as an opening channel, we see the Dollar Index has significant moves when breaking out of those channels.
In the current market, approaching the US elections, the DXY is at a critical point and looks set to continue its bullish run.
However, we will be
US Dollar UpdateAfter several weeks of rallying, the US Dollar Index is showing signs of potential profit-taking. 📉 Here's why:
• Reached the 200-day moving average 📊
• Hit the 61.8% retracement from the June-September drop 🔄
• Daily RSI is overbought at 83 📈
On the weekly chart, the market is also hitting key resi
DXY Top Down AnalysisUtilizing the very effective and non-discretionary MAC strategy, coupled with lower timeframe divergences for entries, we take a look at DXY from the Quarterly, Monthly & Weekly perspective.
Have a great weekend.
DXY LongAll biases are green, and money is flowing back into the DXY. Bullish for the upcoming week. EUR/GBP/USD short."
Cycle Analysis - Dollar IndexI am SETUP to hunt long TRIGGERS in the DX this week based on the COT strategy.
So I thought I'd look, do cycles support the COT strategy looking for Longs?
It turns out, they do.
Decennial & Annual Predictable Zones (APZ's) supportive of up move to Early/Mid October
Intermarket analysis finds
DXY StrengthDXY has hit the weekly demand zone
commercials are buying heavily from this zone after the COT report release
Retailers are bearish
also a gap should be filled on the futures chart which could also lead to strength from here
seasonality is still up trending for this month
Remember to buy wh
DX! here's a slight bearish bias in the short term
Price Action:
The current price is 100.470, showing a recent downward trend.
A support zone is marked on the chart between 102.000 and 102.700, indicating potential support at this level.
Volume:
Trading volume has increased in recent weeks, suggesting heightened market interest in the dollar i
See all ideas
A representation of what an asset is worth today and what the market thinks it will be worth in the future.
Displays a symbol's price movements over previous years to identify recurring trends.
Frequently Asked Questions
The current price of Mini US Dollar Index® Futures is 106.630 USD — it has risen 0.07% in the past 24 hours. Watch Mini US Dollar Index® Futures price in more detail on the chart.
The volume of Mini US Dollar Index® Futures is 1.33 K. Track more important stats on the Mini US Dollar Index® Futures chart.
The nearest expiration date for Mini US Dollar Index® Futures is Dec 16, 2024.
Traders prefer to sell futures contracts when they've already made money on the investment, but still have plenty of time left before the expiration date. Thus, many consider it a good option to sell Mini US Dollar Index® Futures before Dec 16, 2024.
Open interest is the number of contracts held by traders in active positions — they're not closed or expired. For Mini US Dollar Index® Futures this number is 1.19 K. You can use it to track a prevailing market trend and adjust your own strategy: declining open interest for Mini US Dollar Index® Futures shows that traders are closing their positions, which means a weakening trend.
Buying or selling futures contracts depends on many factors: season, underlying commodity, your own trading strategy. So mostly it's up to you, but if you look for some certain calculations to take into account, you can study technical analysis for Mini US Dollar Index® Futures. Today its technical rating is buy, but remember that market conditions change all the time, so it's always crucial to do your own research. See more of Mini US Dollar Index® Futures technicals for a more comprehensive analysis.