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U.S. Dollar Index Futures

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DX1! trade ideas

Identifying continuation patternsScrolling around some charts this morning, I came across an example of a potential bull flag on the weekly US Dollar Index. Bull flags occur when a market has rallied strongly higher and this is followed by a short period of consolidation, think about what a flag attached to a flagpole looks like and this is essentially the pattern. They are complete when the market closes above the top of the flag. Being able to identify some basic technical analysis patterns can really help in your trading decision making. A bull flag suggests the break, as the name implies, should be to the topside. Patterns can help you decide whether to maintain a long position and just as importantly when to add to it. A close above the top of the flag will complete it and the ‘flagpole’ will give you an upside measurement or target for your trade. On this example a close above 97.00 would complete the flag pattern and offer an upside measurement to 100.00 + 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!Long
by The_STA
The Deep Diving Dolla.i recently talked about this 10 year trendline on dxy, and its importance in the global markets. as of right now, both the usa and crypto markets are lining up for a major move to the upside - which leads me to the conclusion that dxy is going to be a leading catalyst for this. i'm not a fundamental person, in fact i don't know anything about any of that stuff - just a man of the charts. back in february i talked about a move up to 99 on dxy just based off chart formation, but it simply didn't have the momentum to reach my level - which is good for the bull case of our markets. view that post via 👇 --- i'm projecting a move down to about 86 by end of year on dxy - this should give all asset classes the boost they need for that final blow-off top mania phase that'll break the markets for many more years to come once it is completed. best of luck! 2022 spy projection 👇 2022 iwm projection👇 2022 bitcoin projection 👇
ICEUS:DX1!Short
by notoriousbids
2
Bites Of Trading Knowledge For New TOP Traders #7 (short read)Bites Of Trading Knowledge For New TOP Traders #7 --------------------------------------------------------------- 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 decentralised 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 decentralised 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 decentralised 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 – Diversification: Portfolio Focused on Pairs Trading Strategies – Many individual investors use a pairs trade as a trading strategy that involves matching a long position with a short position in two markets with a high correlation. In currency trading, the most economically and politically stable and liquid currencies are commonly the focus of market participants as the focus for currency pairs trading like these eight most traded currencies: U.S. dollar (USD), euro (EUR), Japanese yen (JPY), British pound (GBP), Australian dollar (AUD), Canadian dollar (CAD), Swiss franc (CHF), and Chinese Yuan (CNY). If an individual investor is pairing EUR with CHF as part of their pairs trading portfolio, they could use common technical indicators like moving averages as part of their analysis in forming a trade decision. For example, EURUSD on 4th May had crossed the moving average, but USDCHF had not shown similar price action, which could indicate the potential for follow through failure in the EURUSD to the downside. Contrast this with the 16th June where both EURUSD and USDCHF had both crossed the moving average and had clear follow through subsequently. Investors would need to analyze their expected returns with and without currency eThe investor could alternatively consider trading the Mini US Dollar Index ® Futures given that the analysis could point to an opportunity being in the U.S. Dollar, which had been removed as a factor in this pairing. 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 #6 (short read)Bites Of Trading Knowledge For New TOP Traders #6 --------------------------------------------------------------- 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 – Diversification: Correlation in Futures – Investors could allocate a portion of their portfolio to establish a managed futures position to deliver non-correlated results under most market conditions, which may serve as a risk mediator within an overall portfolio. This may deliver lower relative returns during periods of price stability. However, during periods of market stress, managed futures could outperform the broad market. For example, the Asia Tech 30 index which has no Thai companies as a component stock would not be expected to have any Thai Baht (USDTHB) currency exposure and which could be included in a managed futures portfolio at times where there is no or low correlation between the two markets and could be used as a hedge during times of negative correlation. Source: ICE Connect Diversification: Portfolio Focused on Asset Returns – Individual investors who have a portfolio of foreign stocks will have a return that is composed of the return of the foreign currency-denominated stock plus the change in currency exchange rates. Therefore, investing abroad means having exposure to two different sources of risk and return made up of the underlying asset and the exchange rate. For a long-term investor, the focus on return-generating assets may be the priority rather than returns from currency exchange rates. This could imply removing currency risk through a clearly defined hedging strategy process initially, and then adding back currency exposure at a later stage if it is determined that currency exposures could improve a portfolio’s return. Investors would need to analyze their expected returns with and without currency exposures and determine their net currency exposure to be removed. U.S. Dollar based portfolios could use futures contracts such as the Mini US Dollar Index ® Futures to hedge a basket of foreign stocks denominated in their respective domestic currencies. 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) Could Extend the Rally HigShort-term Elliott wave view in Dollar Index suggests cycle from October 28 low is in progress as a 5 waves impulse Elliott Wave structure. Up from October 28 low, wave 1 ended at 94.3 and pullback in wave 2 ended at 93.82. Wave 3 is currently in progress with subdivision as another impulse in lesser degree. Up from wave 2, wave ((i)) ended at 94.62 and pullback in wave ((ii)) ended at 93.87. Index then resumes higher in wave ((iii)) to 96.24, and dips in wave ((iv)) ended at 95.5. Expect the Index to extend higher 1 more leg before ending wave ((v)). This should complete wave 3 in higher degree. Afterwards, it should correct cycle from November 4 low in wave 4 in larger degree before the rally resumes. Near term, as far as pivot at 95.5 low stays intact, expect the Index to continue to see further upside to end wave 3. Later, expect larger degree wave 4 pullback to also find support in 3, 7, or 11 swing for further upside. Potential support area for wave 4 can be measured later once wave 3 completes at 23.6 – 38.2 Fibonacci retracement of wave 3.
ICEUS:DX1!
by Elliottwave-Forecast