Why the US dollar bear should tread with careThe USD saw a sharp reversal higher despite a 50bp cut, simply because the markets were positioned for a more dovish dot plot. I have argued in prior analysis the USD exposure is a bit stretched over the near-term, so perhaps shorting the USD is getting a bit stale. We also have several key markets
Return of Dollar Strength in the Long TermEntry: 100.5
TP1: 103
TP2: 105
TP3: 107
SL: 97.65
Dollar strength will likely resume for the long haul after election season concludes.
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
High Timeframe Analysis of the Dollar Index DXY - Short IdeaDISCLAIMER: This is not trade advice. This is for educational and entertainment purposes only, showing how I intend to participate in this market. Trading involves significant risk. Do your own due diligence.
Utilizing my Multi Timeframe strategy, I have identified that I would like to look for SHO
USD Dollar weekly key reversal bar, sign for bulish reversallast weekly bar of the Month of August is weekly key reversal bar, made a new low & closed off the high. current week price pulled back to its 0.618% & 0.70% fib level. last fib level expecting before rally up is 0.79% which is 100.68. last and extreme level may touch 100.50 as well. if price breaks
weekly performance of U.S. Dollar Index Futures The chart shows the weekly performance of U.S. Dollar Index Futures (DX!).
1. **Current Trend**: The index is currently trading around 101.29, showing a recent decline. The price has dropped below the support level of 102.00, indicating bearish momentum.
2. **Volume Analysis**: The trading volume
USD DOLLAR possible reversal for 102.50USD Dollar hit the 100.50 price level which is strong support area of last 8 months. 28th December 2023. this is quite strong support area which should fight to hold and reverse price upside to the 102.50. Buying zone 100.50, stop loss: 100.20, target: 102.50. Trend is quite bearish, reversal trade
USD bears! Markets don't move in a straight line (forever)We stand back to admire the long-term chart of the US dollar index, and yes there could be further downside over the coming weeks. But a quick check on the daily timeframe makes us wary of jumping into an already well-established short, given potential support levels nearby and the fact everyone and
DXY LongDXY Long potential
DXY has reached weekly demand zone
waiting for price to reach daily demand zone
price undervalued against bond long term
also waiting for undervalued to happen short term
seasonality looks great up trending for quite some time
retailers are selling heavy and commercials
See all ideas
A representation of what an asset is worth today and what the market thinks it will be worth in the future.
Frequently Asked Questions
The nearest expiration date for US Dollar Index® Futures is Mar 15, 2021.
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 US Dollar Index® Futures before Mar 15, 2021.