SDX1! trade ideas
DX1! - Weekly Market Update, 8/22US Dollar Index comes alive with broader market weakness, this could be the catalyst to drive this trade to work out.
If we close this week with continued strength, we can consider raising the stop below that last placed low.
This trade has been supported by the 50 day SMA along with support structures.
US Dollar Ready For The Next Rally!The Dollar Index bounced off the support level from the May 13th high a second
time on August 10th at $105.
Since the start of the year, price has been making a consistent pattern of higher
highs and higher lows, and this most recent pullback appears to be following this
same pattern.
We need to see now that the buyers continue to push price skywards and towards
the recent high from July 14th at $109.
If there is a break and close above that high, it will confirm a continuation of the
current bull trend in play.
Trends should follow a bullish move with the dollar in certain forex pairs that are
influenced by the dollar. This should result in opportunities in this market.
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DX1! A bit bullish on this oneGreat bull flag on the Daily Chart.
Not a Financial Advise or Suggestion.
Let's see what happens.
Double cup and handle U.S dollar blow off?With more rate hikes coming in the future due to inflation still being too hot, this could be a reality. When commodities stop falling in the future with a dollar pushing higher (2023?), that should be a good time to really back up the truck with physical gold and silver #1. #2 Mining stocks in gold, silver, copper, uranium, steel, etc should also be on your radar for deals you never thought you'd get. Tech boom done, next is a Commodity Boom after an all out assault to smash inflation. Good luck everyone.
DX1! - Weekly Market Update, 8/15US Dollar Index showing relative strength weakness.
Price for the past several weeks is being propped up by the 50 day sma.
U.S. DOLLAR INDEX FUTURESVery sharp drop to the lowest points and now deliberately deliberate strong demand zone is considered support knowing that it has broken it strongly and is likely to retest and continue landing
DX1!A little more downside, decent chance of a turnaround in one of the zone below.
It should be taken into consideration that dollar might have even more downside, so shorts on the bounce should be taken into consideration.
DXY Trading The Double CorrectionIn this update we review the recent price action in the Dollar Index and identify the next high probability trading patterns and price objectives to target
Bites Of Trading Knowledge For New TOP Traders #14 (short read)Bites Of Trading Knowledge For New TOP Traders #14
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What defines a Bear Market? -
A bear market is when a market or even individual securities experiences extended price declines. The condition observed in the equity markets is where securities prices fall 20% or more from recent highs triggered by negative investor sentiment and/or overall pessimism in the markets.
What defines a Bull Market? -
A bull market is the condition seen in a financial market or individual security in which prices are rising and/or are expected to rise. Commonly the rise in price is observed over an extended period of time and can last months or years.
What is Inflation? -
Inflation is a rise in prices and is often expressed as a percentage change over a period of time. Inflation could also be interpreted as a decline of purchasing power over time, meaning that a unit of currency buys less than it did in prior periods.
RISKS AND OPPORTUNITIES FOR CORPORATES AND INDIVIDUAL INVESTORS -
Common application of financial market instruments for managing risk and opportunities.
Diversification: Portfolio Risk Using FX Futures
Individual investors taking a portfolio approach with managed futures and spot foreign exchange could be entering into emerging market currency positions including for example Hong Kong Dollar, Singapore Dollar or South Korean Won.
Depending on the view of each of the currencies in the portfolio, it could be constructed to eliminate exposure to the U.S. Dollar. However, there may be a time during which investors would like to introduce U.S. Dollar exposure and they could do so by using Mini US Dollar Index ® Futures with a contract value of $10,000. For example, the U.S. Dollar Index ® may be observed to be in a medium term uptrend and an investor may want to consider entering into a long position in the Mini US Dollar Index ® Futures based on their strategy of choice and exit the position when either their profit target is achieved or their loss limits are triggered.
TRADDICTIV · Research Team
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Disclaimer:
We do not provide investment advice, nor provide any personalized investment recommendations and/or advice in making a decision to trade. Before you start trading, please make sure you have considered your entire financial situation, including financial commitments and you understand that trading is highly speculative and that you could sustain significant losses.
DX1! - Weekly Market Update, 8/8/22US Dollar Index posts a BUY signal ... Ideal entry, stop and target imaged on the chart.
Support and Resistance structures have been adjusted accordingly for your reference.
Wishing you a blessed and profitable week ahead.
The dollar is in a bearish trend in a major correctionHello and good day. DXY is in a major correction, like its Euro counterpart, but in a bearish market. And it is likely to be a double zigzag or a big zigzag. Good luck and be patient in your trading decisions.
US Dollar Bounces Strong!The Dollar Index is a slow creeper and could prove to be a strong mover over the
next few months as it is forming a consistent pattern of higher highs and higher lows.
We saw a strong move to the upside on July 5th and price continued to move up
until July 14th which is where price started to pull back.
Price moved down to a cluster of support consisting of the 50 simple moving average
and the support level from the May 13th high at $105.06.
Price has now bounced off this level of support and forming a nice impulsive move
to the upside right now. If price can maintain this momentum, we should see a move
above the previous high at $109.14 from the high of July 14th.
If that breakout does transpire, then we are likely to see a long-term trend unfold in
the Dollar and other currency pairs,
If you like enjoyed this post, make sure to like, and follow for more quality content!
If you have any questions or comments, comment below. We reply to every comment!
See below for more information on our trading techniques.
As always, keep it simple, keep it Sublime.
Elliott Wave View: Dollar Index (DXY) Resumes HigherShort Term Elliott Wave view in Dollar Index (DXY) suggests rally to 109.29 on 7.14.2022 peak ended wave (3). Pullback in wave (4) ended at 105.05 with internal subdivision as a zigzag Elliott Wave structure. Down from wave (3), wave A ended at 106.38. Wave B rally ended at 107.42. The Index then resumes lower in wave C which ended at 105.05. The 45 minutes chart below shows the internal subdivision of wave C in 5 waves. Down from wave B, wave ((i)) ended at 106.06, and rally in wave ((ii)) ended at 106.975.
Index resumes lower in wave ((iii)) towards 105.54, and rally in wave ((iv)) ended at 106.66. Final leg lower wave ((v)) ended at 105.05 which completed wave C of (4). The Index has turned higher in wave (5), but it still needs to break above the previous wave (3) peak at 109.29 to rule out a double correction. Up from wave (4), wave ((i)) ended at 105.7 and dips in wave ((ii)) ended at 105.45. Index then resumes higher in wave ((iii)) towards 106.55. Expect the Index to extend higher 1 more time to complete wave ((v)) of 1, then it should pullback in wave 2 to correct cycle from 8/2/2022 low before the next leg higher. As far as pivot at 105.05 low stays intact, expect dips to find support in 3, 7, or 11 swing for further upside.
DOLLAR LONGI am Looking Dollar Super Bullish In coming days Dollar facing Huge Demand Zone and Rising Trend Line any Strong Bullish Candle will Evidence For Further Bullish Move while Bullish Hidden Divergence showing Trend Continuation . A daily close My Rising Trend Line and Rectangular will Start Down Trend with Mention target
Dollar Index should consolidate a Cup & Handle patternThe USDollar index seemed to soften in the past week, also due to an unwinding incipit of the short Yen trade. However, the DXY chart seems to have shaped a bullish cup & handle pattern that should consolidate on the support area, DXY 103.75. The next risk-off stock market correction could see a further strengthening of the USDollar Index up to DXY 115.
My new vision for the dollar I think we have reached the top of the dollar .. The next period will be a decline and this will continuation of the rise of cryptocurrencies,
these and all the ideas on my page in Trading View are not a recommendation to buy or sell, I am posting them for my self only
Thanks
USD main driver any currency or transection My projection still bear until new election for US president because we need business minded person to grow the economic and country... good luck
DX1! - Weekly Market Update, 8/1/22US Dollar Index testing support currently.
Ideal entry, stop and target imaged on the chart.
Support and Resistance structures have been adjusted accordingly for your reference.
Wishing you a blessed and profitable week ahead.
USD technicals damaged Looking at the USD futures, and interesting picture is starting to prevail...
The weekly chart is heading to a lower USD in the next couple of weeks. and to resume uptrend, it needs to reclaim above the green resistance line, which is unlikely at current status. RPM and MACD are burnt out and crossed down to a moderation in the coming weeks.
The daily chart accentuate that view as the FOMC rate raise of 75bp yesterday closed the day with a bearish daily candle and a lower low clocked today... so downside to the support over the next couple of weeks is likely. Technical indicators are all bearish crossed down too.
This has big picture effects... on equities, and commodities, which will be pushing up again, stoking more inflation. This is a major consideration in all my analyses going forward.
Much discussions going on everywhere about the economics of it, but the charts seems to reflect that the expectation is where the FOMC is done with raising rates for now... at least.
Watch what happens when the support level is met...
DXY reaching 36 years and 8 months old Resistance!!!I do not post traditional market stocks nor do I trade but I found this one somewhat interesting.
DXY will soon be reaching its 36 years and 8 months old resistance.
Reaching the resistance it has been forming since Nov 1985 (according to the data provided on tradingview)
It will be interesting to watch the coming months as the US economy is facing tough situations here.
Fall in GDP in two successive quarters.
What do you think?
How will it affect the stocks in the coming years?
I would love to know your views.
Let me know if you want me to look into some stocks.
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Stay safe
#PEACE
