SDX1! trade ideas
DX1! - Weekly Market Update, 7/25US Dollar index posted a BUY signal a few weeks back.
Price popped and has since settled. Support is located below current price.
Channel structures have been adjusted accordingly for your reference.
DXY Trading The CorrectionIn this update we review the recent price action in the Dollar Index futures contract and identify the next high probability trading patterns and price objectives to target
DX1! - Weekly Market Update, 7/18/22US Dollar Index LONG trade from last week remains in play.
Trade details have been plotted on the chart for your review.
U.S. DOLLAR CURRENCY INDEX
For now, the former 103.80 resistance area is a support area that would be a good idea to test before moving further up.
Notice the market structure from 2000 to 2003.
DXY - reaching sell zoneDXY - is reaching sell zone. Watch for topping in that area. Then if rejected we may enter a dollar bear for a while and this will help gold and BTC.
Strong Dollar makes is tough on other marketsUS Dollar – Weekly continuous: Surpassed the Primary recover target at 102.25 and making highs not seen for 20 years.
My opinion. Cash commodities can struggle to keep upward momentum when US Dollar is strong. The world is experiencing a financial crisis it has not seen for several decades. The 07/08 recession Primarily hit the US with the Housing market bust and Dollars fled the US to other stronger currencies/assets. US Ag commodities were very volatile in the period but mostly strong with a weak dollar. If EU and Asian markets remain weak, safe haven assets like the Dollar could remain elevated to extremely high…Yet to be determined.
Open interest is/has been low in the commodity space, and we recently witnessed what a liquidity drain out of our markets from the big money can do. Major swings up and down to be expected in the nearby future.
Why are all assets except bonds going down? Answer: because of the fear /dollar index, as the dollar increase in value (investors pulling money out of assets)
Why not simly buy this future contract on any price above prior days high?
This was a highly profitable strategy with a trailing stop below prior days low.
US Dollar Up 3%The US Dollar has moved up 3% so far this month and entering price levels
we haven’t seen since 2002 and still climbing.
Price was previously in an area of consolidation, which ran from 2017. With a
breakout from a long period of consolidation, we can expect a strong move in
the direction of the breakout.
The 3% move to the upside this month equates to $3 and price may continue
to climb and if it does then forex pairs that the US Dollar influences are likely
to move as well.
The next level of resistance in the way is at $121, which is the high of July 2001.
A move to this level would create a trend large enough to allow us as trend-followers
to compound and profit heavily from such a move.
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DX1! - Dollar Index Weekly Analysis, 7/11/22US Dollar Index has finally broken out with 1%+ confirmation.
I've identified the entry, stop and target. I personally would've liked to see more reward.
Support and Resistance structures have been adjusted for your reference this upcoming week.
Wishing you a blessed and profitable week!
Dotcom Bubble 2.0 & Dollar Collapse by 2025Buying Algorand and Bitcoin at any price this year represents the opportunity of a lifetime. Imagine buying internet stocks in 1998 and 1999
us dollaus dollar at these heights = gg for the markets.
keeping as simple as that.
the higher the us dollar goes, the more pressure is put onto the stock and cryptocurrency markets.
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grand cycle w5 target = 113
expansion target = 116~119
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stay safe out there o/
Elliott Wave View: Dollar Index (DXY) Remains BullishShort term Elliott Wave view in Dollar Index suggests rally to 105.78 ended wave (1). Wave (2) pullback ended at 103.41 with subdivision as a zigzag Elliott Wave structure. Down from wave (1), wave A ended at 104.66 and wave B ended at 105.49. Index extended lower in wave C towards 103.41 to complete wave (2). Index has resumed higher in wave (3), but it still needs to break above wave (1) at 105.78 to validate this view and rule out a double correction in wave (2).
Internal subdivision of wave (3) is unfolding as a 5 waves impulse structure. Up from wave (2), wave ((i)) ended at 105.08, and dips in wave ((ii)) ended at 103.67. Index then resumes higher in wave ((iii)) towards 105.54, and pullback in wave ((iv)) ended at 104.64. Final leg higher wave ((v)) ended at 105.63 which completed wave 1. Pullback in wave 2 ended at 104.81 with internal subdivision as a zigzag in lesser degree. Down from wave 1, wave ((a)) ended at 104.95, wave ((b)) ended at 105.16, and wave ((c)) ended at 104.81. Near term, while dips stay above 103.41, expect the Index to extend higher.
US Doller index Goin to kill whole market For coming Weeks
Update 04/07/2022
1 Structure 1/2: Bear
2 imbalances : Correction marked
3 Current Move1/2 : Corrective
4 Entry TF : D1
4.1 ETF Structure: Bull
4.2 move : impulse
5 Support Resistance: CIP triangle
6 FIB: trigger event occurred
7 candle Pattern: flag
8 Chart Pattern: triangle breakout and CIP on same level cup and handle also
9 Volume : increasing till initial then low and now again increasing at breakout levels
10 Momentum: we measuring momentum via RSi sideways to bull mood right now
11 Volatility : support and intact with middle band
12 strength: full favor of bulls
13 Sentiment : extremely high 30+ rating
14 Final Summary: go with Bull buys all signs are favor of buyer
15Buy /Sell/Wait : buy
16 Entry:104.730
17 Sl: 104.1
18 Tp: 107 2nd 114
19 Risk to reward Ratio: 1:5
20 Excepted Duration : 15
Bites Of Trading Knowledge For New TOP Traders #13 (short read)Bites Of Trading Knowledge For New TOP Traders #13
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What is Bitcoin and from where did it originate? -
Bitcoin is a digital form of a medium of exchange with no central bank control which issues fiat currencies. Instead, the financial system involving bitcoin is managed by thousands of computers distributed around the world, a decentralized ledger, where anyone can participate by downloading open-source software and connecting to the ecosystem.
The invention and implementation of bitcoin is credited to the person or persons known Satoshi Nakamoto in 2009. The white paper “Bitcoin: A Peer-to-Peer Electronic Cash System“ states that bitcoin was to be, “A purely peer-to-peer version of electronic cash would allow online payments to be sent directly from one party to another without going through a financial institution.”
What is the Blockchain? -
The Blockchain is a decentralized ledger that is append-only meaning that data can only be added to it. Once information is added, it is extremely difficult to modify or delete it. The Blockchain enforces this by including a pointer to the previous Block in every subsequent Block.
The pointer is a Hash of the previous block. Hashing involves passing data through a one-way function to produce a unique Fingerprint of the input. If the input is modified even slightly, the Fingerprint will look completely different. Since the Blocks are linked in a Chain, there is no way for someone to edit an old entry without invalidating the Blocks that follow, allowing a secure structure.
What is Mining? -
Mining is the process in which transactions between users are verified and added to the decentralized ledger. The process of mining bitcoin is responsible for introducing new coins into the existing circulating supply and is one of the key elements that allows bitcoin to work within the peer-to-peer decentralized network, without the need for a third party central authority.
What Is a Blockchain Consensus Algorithm? -
A consensus algorithm is a mechanism that allows users or machines to coordinate the agreement of what is a valid block in the Blockchain in a distributed setting. It needs to ensure that all participants in the system can agree on a single source of truth. Types of consensus algorithms include Proof of Work (PoW) and Proof of Stake (PoS).
What is Proof of Work? -
Proof of Work (PoW) is a mechanism for preventing the same bitcoin funds from being spent more than once. Proof of Work consists of a consensus algorithm which is a protocol that sets out the conditions for what makes a block in the Blockchain valid. It ensures the security and integrity of bitcoin’s distributed ledger.
RISKS AND OPPORTUNITIES FOR CORPORATES AND INDIVIDUAL INVESTORS -
Common application of financial market instruments for managing risk and opportunities.
Alternatives: Correlation in Futures
Investors could allocate a portion of their portfolio to establish a managed futures position and use market correlations to determine alternative markets to enter that meet their account size and risk parameters.
For example, the Asia Tech 30 Index when charted against bitcoin shows a positive correlation between the two markets. Traders or investors may have interest in gaining exposure to bitcoin, but due to their smaller account size, may prefer to participate in a market that is correlated and fits their capital limitations. In this case, the Micro Asia Tech 30 futures contract could be a viable alternative to trading bitcoin with its lower margin requirements.
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, 7/5/22US Dollar Index continues to exhibit strength but continues to fail to breakout.
No actionable ideas at this time, while the bias remains to the long side.
I've adjusted support and resistance structures accordingly for your review.
USD Dollar forming double top?#usddollar, 15th Key reversal bar, next Insurance bar indication for short dollar. 105.55-60 resistance level for previous fall. High probability to hold this support to form double top. price may go rise up a little to catch stop losses of short traders. Target is 103.00.
BTC to $500,000 | DXY to new lowslong btc - short the dxy
when the dxy goes up btc goes down soon the opposite will happen all the way to $500k
dxy 6-28 updatedxy is in the process of seeing a significant breakout.
this 105 level is basically a line in the sand for what can be.
above 105, opens a door to 109,113,116,119.
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if you think things are bad in the market right now, you have seen nothing.
🛑
DXY Trading Wave 5 TerminationIn this update we review the recent price action in the Dollar Index futures contract and identify the next high probability trading pattern and price objectives to target
DX1! - Weekly Market Update, 6/27This week's hand drawn support and resistance channel analysis has been applied to the chart for your reference.
The darker the color, the older the structure. The lighter the color, the newer the structure.
Wishing you a blessed and profitable week ahead!
U.S. Dollar Index Futures (DX1!), H4 Potential for Bullish contType : Bullish Momentum
Resistance : 105.580
Pivot: 103.520
Support : 102.780
Preferred Case: On the H4, price expected to bounce off the ichimoku cloud support which supports our bullish bias that price will rise from our pivot at 103.520 in line with the swing low support and 50% Fibonacci retracement to the 1st resistance at 105.580 in line with the 61.8% fibonacci projection and horizontal swing high resistance.
Alternative scenario: Alternatively, price may break through pivot structure and drop to the 1st support at 102.780 in line with the pullback support and 61.8% Fibonacci retracement .
Fundamentals: As US Banks come back from the holiday, the DXY is expected to break out of the current consolidation to form a directional bias. Although there is no major news for the US today, the economic uncertainty continues, therefore expect to see increased volatility in the DXY .
U.S. Dollar Index Futures (DX1!), H4 Potential for Bullish contType : Bullish Momentum
Resistance : 105.580
Pivot: 103.520
Support : 102.780
Preferred Case: On the H4, price expected to bounce off the ichimoku cloud support which supports our bullish bias that price will rise from our pivot at 103.520 in line with the swing low support and 50% Fibonacci retracement to the 1st resistance at 105.580 in line with the 61.8% fibonacci projection and horizontal swing high resistance.
Alternative scenario: Alternatively, price may break through pivot structure and drop to the 1st support at 102.780 in line with the pullback support and 61.8% Fibonacci retracement.
Fundamentals: As US Banks come back from the holiday, the DXY is expected to break out of the current consolidation to form a directional bias. Although there is no major news for the US today, the economic uncertainty continues, therefore expect to see increased volatility in the DXY.
