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U.S. Dollar Index Futures

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DX1! trade ideas

Il dollar index pare non averne piùQuesto canale è composto da una parte superiore e una inferiore, formatasi dal 2019 in poi, divise dalla linea tratteggia.. Il prezzo si trova ora sullo spike di agosto 2018, che coincide anche con la linea tratteggiata, e pare aver già reagito a questa struttura.. lo si vede meglio sul grafico daily, dove nella candela di oggi (7 marzo) il prezzo è stato respinto seppur in modo debole.. La mia opinione personale è che il prezzo riesca a tornare nella parte superiore del canale, anzi mi aspetto qualche settimana short.
ICEUS:DX1!
by UnknownUnicorn733439
DOLAR INDEX POSSIBLE DOWNTREND1- BUY CLIMAX "BCLX":The buying pressure culminates, where purchases are being absorbed. 2- AUTOMATIC RALLY "AR":Where the buying pressure has been exhausted a surge of sales can make the price fall, this fall in price helps us define the trading range "TR". 3- SECONDARY TEST "ST":Price revisits the "BCLX" Area .The volume and the price distribution should be significantly reduced as the market approaches the resistance in the "BCLX" Area. 4- UPTHRUST "UT": It is a test to the resistance, this type of test it is usually accompanied by volume and tend to breaks the resistance, and after this, the price returns to the trading range, this is an indication that the volume that appeared is sales and not buys. 5- After an upthrust we should see a move down and we will have a test to the "UT" (a valid test is usually accompanied by small candles and small volume and usually goes to 50% of the down movement). 6- SIGN OF WEAKNESS "SOW": Sign of weakness, observable as a down-move to (or slightly past) the lower boundary of the TR, usually occurring on increased spread and volume. 7. LAST POINT OF SUPPLY "LPSY": This point appears after a "SOW". It is the last attempt of the price to raise, although it can do it twice. It's a good point to look for sales.
ICEUS:DX1!Short
by AIMFX
2
DOLLAR INDEX ANALYSISIn recent weeks the Dollar Index has moved within a rectangle. If we take the analysis on a "fundamental" level, it could be an inversion rectangle. Yesterday, the Fed raised rates. In the early hours, the dollar strengthened. It was enough, however, a reading of the Economic Projections to understand that the dollar came out weakened by the meeting. Briefly, almost all data were revised downwards (compared to the previous September report). In particular, the GDP dropped from 3.1% to 3.0% for this year and from 2.5% to 2.3% in 2019. The rate hikes, forecast three times in 2019, fell to two (at the moment). So, fewer rate hikes and weakened economic conditions certainly don't help the dollar. However, we have to take into account that, right now, it's not the best time to trade. In five days it's Christmas, and most of the big investors are currently out of the markets. So, everything becomes more complicated. In the medium-term, I'm convinced that we will see a drop in the dollar but in the short-term, anything can happen. To all of you Merry Christmas and a New Year full of gains!!
ICEUS:DX1!
by TradingwDavid
Huge potential upside for the U.S dollarThis is a compliment to my analysis for Gold. As I said before , I will also post the monthly cycle analysis for both gold and the U.S dollar. I see the dollar reaching quite easily the 116 level which is the 1.618 extension on the 2M monthly . Thats a super super bullish chart. You can't make these things up . I mean you see primary bullish momentum on monthly weekly and daily . I don't understand how can someone short this thing ? I really don't know. Unless you are trading for a few days or scalping . I won't post the euro chart , but the euro/usd will soon go to par . Analysts were talking about par 1 year ago , as always timing is everything . This moment has come in my opinion now. 7-8 weeks upside for the dollar maybe test the 96-97 level , downside for the gold and then starting next year , we have to wait and see what gold can do . The past 7 years gold always rallies in the beginning of the year . It will be an interesting year. However charts don't lie and gold is in big big trouble while dollar has huge upside potential.
ICEUS:DX1!Long
by Kontoeidis1989