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U.S. Dollar Index Futures

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US Dollar Could Go Higher!Since June 2021, price has been moving up strong, ploughing through the $100 major round number, which is a psychological level of support/resistance. April’s monthly candle closed bullish for the month and saw a move of 4.64% but was stopped in its tracks by a major level of resistance. The consolidation high at $103 is acting as resistance and this level was formed in January 2017. Price has been moving sideways ever since, between this high and the support at $88 from February 2018. This is a wide area of consolidation so price has been able to form trends in this zone, but a breakout could lead to an even bigger trend forming over a longer period of time. Similar to the S&P 500, price is very close to breaking out. In this case, a pattern of higher highs and higher lows above the consolidation zone, would be our signal to look for entry opportunities. Patience for now as the buyers and sellers battle it out where the outcome will determine if we can go long or continue to stand aside. 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.
ICEUS:DX1!
by Sublime_Trading
Bites Of Trading Knowledge For New TOP Traders #10 (short read)Bites Of Trading Knowledge For New TOP Traders #10 ---------------------------------------------------------------- What is the Notional Value of a Futures Contract? - Notional value of a futures contract is how much total value the contract theoretically controls. Contract Size * Underlying Price = Notional Value Mini US Dollar Index® Futures (SDX) for example has a contract size of $200 x Index value and assuming the SDX price is 98.000, the notional value of the futures contract is $19,600.00. What is the difference between Margin and Leverage? - Margin is the amount of money deposited with the broker to control a futures contract. It is determined by the futures exchange and maybe adjusted by the broker to manage risk to their clients. Leverage is the ability to use less money to theoretically control 1 futures contract compared with buying the product underlying the contract outright which amounts to the notional value of the futures contract. To calculate how much leverage a futures contract gives, divide the notional value of the contract by the margin. The SDX example above had a notional value of $19,600.00 and with a margin requirement of $380, is equal to approximately 51 times leverage on our money ($19,600.00 / $380 = 51). What is a Point and a Tick? - Point is the smallest price increment that can occur on the left side of the decimal point. (Example. 90.000) Tick is the price movement that occurs on the right side of the decimal when looking at the price of a futures contract and is the smallest possible price change measured by markets. A Point is composed of Ticks. (Example. 90.000) Mini US Dollar Index® Futures (SDX) has a minimum price fluctuation of $0.005 representing one tick and would move from 90.000 to 90.005. It takes 200 ticks to make one point or a move from 90.000 to 91.000. RISKS AND OPPORTUNITIES FOR CORPORATES AND INDIVIDUAL INVESTORS - Common application of financial market instruments for managing risk and opportunities. Hedging Portfolio Risk Hedging spot Australian Dollar (AUD) exposure with the Mini US Dollar Index® Futures (SDX) contract is a way to manage portfolio risk by taking a directional position opposite to the underlying asset as protection. For example, a hedger may have plans to hedge downward price movement in AUD using futures contracts based on in-house market and portfolio analytical processes. The market analysis may use common technical analytical techniques such as support and resistance to formulate the trade decision. In the chart (Figure 1), if AUD is expected to weaken as it nears the resistance areas, the hedger may plan to enter into a long futures position using the Mini US Dollar Index® Futures (SDX) contract at or under the price levels of $0.7560 or $0.7460 to lock in the value of their underlying AUD position. TRADDICTIV · Research Team -------- 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.
ICESG:SDX1!Education
by traddictiv
Bites Of Trading Knowledge For New TOP Traders #9 (short read)Bites Of Trading Knowledge For New TOP Traders #9 --------------------------------------------------------------- What is Hedging? - Hedging is the action taken through the use of a financial instrument to minimize the loss or risk of the loss of value of an asset due to adverse asset price movements. Who are Hedgers? - Hedgers are market participants such as commodity producers who want to lock in selling prices of commodities they produce, or food manufacturers who want to lock in buying prices of raw materials purchased. Market participants also include financial institutions handling financial assets and use derivative products such as futures to manage the risk of a portfolio of financial assets. What is the difference between Physically Delivered vs Cash Settled Futures Contracts? - Physical delivery is a term in a futures contract which requires the actual underlying asset to be “physically delivered” upon the specified delivery date, rather than being traded out with an offsetting contract. Cash settled futures on the other hand allows for the net cash amount to be paid or received on the settlement date of the futures contract. Futures exchanges may offer both types of contracts to market participants who have different purposes for trading futures contracts. RISKS AND OPPORTUNITIES FOR CORPORATES AND INDIVIDUAL INVESTORS - Common application of financial market instruments for managing risk and opportunities. Risk management is the responsibility of market participants designed to limit risk exposures that specifically applies to the participants financial profile in the market. The financial profile of a participant may include their role in the financial market or the amount of capital under their responsibility to be managed in the market, and therefore the risk variables that each would need to identify may be unique. For both corporate and individual investors, the market to trade would be a key variable to clearly state and support with reasons for trading or investing. Reasons for selecting one market over another could include price volatility, liquidity, daily volume traded, size of the minimum price increment, and value of the minimum price increment. Comparing these variables between markets will help decide the suitability and/or risk of each. For example, if Mini-Brent Crude Oil futures (BM) moves around $2.00 per day (or 2 points) and a point is worth $100, a trader might experience a $200 fluctuation in their account balance for one day. Another example is the U.S Dollar / Singapore Dollar (USDSGD), which could move 70 pips or more per day and trading a standard lot size with each pip worth $10, a $700 fluctuation could be expected for one day. Market participants may also manage their risk through the size of their positions. The larger their position size, the greater is their exposure and the smaller their position size their exposure is lower. Investors should determine the risk that would result from various position sizes and select the size that ensures that their risk limit is not exceeded. Finally, setting stops with a specified loss amount provides protection if the market does not move in the desired direction. It helps to prevent creating a loss scenario which is larger than an account can handle. TRADDICTIV · Research Team -------- 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.
ICESG:SDX1!Education
by traddictiv
Elliott Wave View: Dollar Index (DXY) Should Continue to Extend Short term view in Dollar Index (DXY) suggests the cycle from March 30, 2022 low is ongoing as an impulse Elliott Wave structure. Up from March 30 low, wave (i) ended at 100.52 and pullback in wave (ii) ended at 99.57. Index then resumes higher in wave (iii) towards 100.76. Dips in wave (iv) ended at 100.27, and final leg wave (v) ended at 101.03. This completed wave ((i)) in higher degree. Index then pullback in wave ((ii)) which ended at 99.81. Dollar then rallies higher again and wave ((iii)) is proposed complete at 103.28. If the Index breaks above 103.28 again, then this suggests wave ((iii)) still remains in progress. Short term pullback in wave ((iv)) can see the Index correcting the rally from April 21 low before it resumes higher again. Pullback is proposed to be in the form of a zigzag (a)-(b)-(c). Near term, as far as March 30 pivot low at 97.7 holds, expect any pullback to find support in 3, 7, or 11 swing for further upside. Assuming wave ((iii)) has really ended, ideally wave ((iv)) ends around 23.6 – 38.2 Fibonacci retracement of wave ((iii)). This comes at 101.95 – 102.46.
ICEUS:DX1!
by Elliottwave-Forecast
1
US Dollar Above $100!The US Dollar continues to gain strength and has been in a consistent rise since June 2021, where we have seen price climb 13.06%. Note that price is still inside a long-term area of consolidation that has lasted since January 2017, between a high of 103.96 and a low of 88.15. As this is a wide area of consolidation, price has enough room to form a trend that is currently in play and moving strong, especially for this month. Price is now trading above the $100 round number and moving towards the consolidation resistance level at 88.15. If we have a breakout of the resistance level, we should see a big trend unfold because the larger the area of consolidation, the bigger the move in the direction of the breakout. Patience for now. If price breaks out, we will likely see other forex pairs form strong trends. 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.
ICEUS:DX1!Long
by Sublime_Trading
Don’t shoot the messenger!While there has been much commentary about the US Dollar Index hitting 100.00, we note two things from a technical perspective – the first is a shooting star pattern on the candlestick charts and the second is that the daily RSI has yet to confirm the recent high. This happens when price makes a new high, but the oscillator does not – it is otherwise known as bearish divergence. It generally denotes a loss of upside momentum. The shooting star however is a bit more serious this is a bearish reversal candlestick pattern that typically occurs at the top of uptrends. I would suggest tightening the stops in this one as I suspect that we are going to see some profit taking…. A shooting star is created when the open, low, and close are roughly the same price. Also, there is a long upper shadow, generally defined as at least twice the length of the real body. Disclaimer: The information posted on Trading View is for informative purposes and is not intended to constitute advice in any form, including but not limited to investment, accounting, tax, legal or regulatory advice. The information therefore has no regard to the specific investment objectives, financial situation or particular needs of any specific recipient. Opinions expressed are our current opinions as of the date appearing on Trading View only. All illustrations, forecasts or hypothetical data are for illustrative purposes only. The Society of Technical Analysts Ltd does not make representation that the information provided is appropriate for use in all jurisdictions or by all Investors or other potential Investors. Parties are therefore responsible for compliance with applicable local laws and regulations. The Society of Technical Analysts will not be held liable for any loss or damage resulting directly or indirectly from the use of any information on this site.
ICEUS:DX1!
by The_STA
Elliott Wave View: Dollar Index (DXY) Resumes HigherShort Term outlook in Dollar Index (DXY) suggests the decline from March 7, 2022 peak ended in wave (4) at 97.68. Internal subdivision of wave (4) unfolded as a zigzag Elliott Wave structure. Down from March 7 peak, wave A ended at 97.71 and rally in wave B ended at 99.37. The Index then resumed lower in wave C towards 97.68 which completed wave (4) in higher degree. The Dollar has turned higher in wave (5). Internal subdivision of wave (5) is in progress as a 5 waves impulse. Up from wave (4), wave (i) ended at 98.36 and pulllback in wave (ii) ended at 97.9. Index then resumes higher in wave (iii) to 99.08. Expect Index to pullback in wave (iv) and then extend higher again one more leg in wave (v) before it completes wave ((i)). Afterwards, expect a wave ((ii)) pullback to correct the rally from wave (4) low on March 30 before the Index resumes higher again. Near term, as far as March 30 low pivot at 97.68 stays intact, expect dips to find support in the sequence of 3, 7, or 11 swing for further upside.
ICEUS:DX1!
by Elliottwave-Forecast
DX1! Weekly Market Update, 3/28Indicated areas of support (green) and areas of resistance (red) are ascending (rising) and descending (falling). These areas indicated suggest support / resistance for the week of March 28 and either rise or fall based on their channel structure ascending or descending. Please check back for any mid-week updates. You can also follow me on my social networks and my website, all links are located below. Wishing you a profitable week ahead! Anthony Speciale
ICEUS:DX1!
by SpecialeAnalysis