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U.S. Dollar Index Futures

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DX1! trade ideas

Dollar Index Could Be Topping HereThe DX price is right in a resistance zone as noted with the rectangle and also with the two price tops circled in black. We also have a spiking weekly candle. To increase the odds, it would be good for DX to close down below 103.80 tomorrow, Friday, February 9, 2024. The current price is 104.01. Another confirmation of lower DX prices would be a close below the trend line. Lower DX prices would imply gold stocks,, gold, silver and other commodities going up; also, stocks often benefit from a lower dollar.
ICEUS:DX1!Short
by Bry777
Sharp corrective pattern? DXY becoming strongerDear Friends, I hope this message finds you well and that you're having a great start to the week. I wish you success in your business endeavors. As someone interested in the Elliott Wave principle, I find it a valuable tool for analyzing the market. I have developed my approach by combining this principle with my personal experience and by considering various scenarios that are likely to occur in the market. I am sharing my analysis with you, but please note that I am not providing any buy or sell signals. I aim to share my unbiased analysis with you so that you can use it as a guide to make informed decisions. In the attachment, you will find my previous analysis of the same market, so you can compare and see the differences. All the details of my analysis are clearly labeled, making it easy for you to understand (although having a basic familiarity with the Elliott Wave Principle theory will help you understand the analytical idea more easily). I have been studying the Elliott Wave principle for almost three years now. With time, my understanding of this knowledge and experience has increased. What I have achieved so far is a legacy of a genius named Ralph Nelson Elliott, and I am truly satisfied with my progress. May his soul rest in peace and his memory be cherished. Thank you for your support so far. I am grateful and will always remember your kindness. Please feel free to share your thoughts and feedback with me. I hope my analysis will be useful to you in your business journey, and I wish you all the best. Sincerely,
ICEUS:DX1!
by Mehdi_Abbasi_EWP
The USD index look set to trade to and through 104We have remained bullish the US dollar the past few weeks, and continue to suspect there are plenty of shorts to be covered as markets finally concede that fewer Fed cuts are coming this year and already priced in. The dollar has posted a strong rally YTD, and after a brief consolidation momentum is trying to turn higher with a bullish outside candle. It's not major surprise to see it is holding beneath the 200-day EMA, but it did close above the 200-day MA. And if the US delivers a strong set of flash PMI figures or PCE inflation data, we suspect the US dollar can travel to and through 105 on its way to 105.
ICEUS:DX1!Long
by CityIndex
USD Index (DXY, DX1!, ) Weekly Update.... BEARISHYes, I did call for bearishness in the Weekly Outlook. And yes, the USD has moved bullishly since Tuesday. However, I did state that price would move up into the fair value gap, and from there, the bears would take over. Remember, I described an External to an Internal RUn on LQ. Price has moved from Discount to Premium prices. Currently, price is positioned to make the downward move! I do believe price has finally started to turn over, as the FVG has been filled ... to the pip! We should be looking to see the bearish FVG will hold, and watch for valid sell setups. I do not trade DXY, but use it as an indicator, as I mentioned in the Outlook video. I would be looking for buys in xxxUSD pairs, and sells in USDxxx pairs. Also, Gold should continue upwards, as well as S&P, NAS, and DJ. May profits be upon you.
ICEUS:DX1!Short
by RT_Money
DXY ( USD Index ) Weekly Outlook.... BEARISHMay profits be upon you. DXY is now consolidating in between a bullish FVG and an bearish FVG. But it has been bearish, with downward momentum. I suspect it will continue this way, as price has found INTERNAL LQ in the bearish FVG, and is now seeking the EXTERNAL LQ at the lows. I believe the low at 100.320 is the DOL (Draw On Liquidity). Leave a comment, as I like to receive feedback from viewers! Thank you. May profits be upon you.
ICEUS:DX1!Short
by RT_Money
Us Dollar Weakness - Will Price Drop To $100 Again?The US dollar experienced a notable 1.3% drop at the end of last week, following a 0.49% gap down on Thursday. In contrast, the S&P 500 gained 0.3% on Thursday and 2.49% over the week. Since September 2022, the dollar has been volatile, falling 13% from a high of $114, briefly dipping below $100, then recovering 7%, and falling again by 4.8%. This erratic behavior makes it hard to predict the dollar's future movements. The dollar's latest decline suggests it might retest the $100 level, a crucial support zone. If the dollar starts to rise, surpassing the October high of $107 will be critical, as it could signal a shift from the current downward trend to a potential upward trend. If you 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
Confirming the buying Signal on the US Dollar Index Futures Hello enveryone, I would like to revisit my previous idea and confirm a long signal for the same reason. As mentioned in the chart, we observe the second pullback close to the trendline with significant volume. This indicates a buying opportunity with a risk-reward ratio of 3. In this trade, we have a high probability and a favorable risk-reward ratio, encouraging most traders to invest in this index. The target is set at $104,830 for a couple of days (Swing trade). Ibrouri
ICEUS:DX1!Long
by Abdessamadibrouri
US Dollar 4-HOUR VIEWHello everyone, I would like to share a significant analysis of an important index for all markets—the US Dollar Index Futures. Firstly, in terms of technical analysis, we observe a clear breakout of the yellow trend followed by a pullback with significant volume. This indicates a long potential to the 1.618 Fibonacci level, which is $104,830 as a target. What makes this index particularly crucial is its correlation with all other markets. Therefore, in the next few days, we can expect a decline in most stock markets, CFDs, and indices (S&P, NQ, YM), but an upside for the US Dollar Index. Ibrouri
ICEUS:DX1!Long
by Abdessamadibrouri