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Dollar Index Futures DX1!

DXY/USD ~ Flat Bottom Pattern + Inverse H&S (15min)TVC:DXY developing flat bottom pattern after rejecting upper parallel channel + potential inverse H&S pattern, TBC. Inverse H&S Playbook (Long): - Break above 200MA/38.2% Fib/descending trend-line confluence - Reject 50% Fib/overhead supply (white box) confluence then bounce off 38.2% Fib to create the "Right Shoulder" - Re-test & break (hold) above overhead supply confluence to activate inverse H&S pattern - TP 1st target = ~107.70-108 21st Nov 2022 wick top/supply (red box) Inverse H&S breakout also coincides w/ break above ascending parallel channel. Flat Bottom Bear Break Playbook (Short): - Break below horizontal "Flat Bottom" line to re-test middle trend-line (dark blue/dashed) - Failed re-test of Flat Bottom &/or middle trend-line validates Bearish price action - Moving averages (esp. 200MA) act as dynamic resistance, pushing price action towards lower parallel channel - TP 1st target = ~106-105.70 (green box)
TVC:DXY
by BlueHatInvestor
2
DXY King Dollar has still fuel on this rally.The DXY (U.S. Dollar Index) is on a strong 3 month rally that has taken the market by surprise. However if we look on the (much) larger time-frames such as today's 1M (monthly), we see that this move wasn't so unexpected. First of all, the price rebounded just before it hit the 1M MA50 (blue trend-line). On a large scale, DXY is simply extending the Channel Up pattern that emerged after the market broken above the Lower Highs of 1985 on the January 2015 candle. Fed wanted to believe it but this break-out extended the Channel Up that has already started on the 2008 bottom, the peak of the Housing Crisis. The central bank policies certainly achieved at keeping the greenback the most desired currency in the world. Now back to the analysis, we can see that the 1M RSI symmetry suggests that the price might be on the final bullish wave before a new correction to or even below the 1M MA50. Still though, the current bullish wave has much room to grow before it exhausts. Do you think it will keep rising and maybe reverse by Q2 2024? ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
TVC:DXYLong
by TradingShot
1
DXY Channel Up close to peaking.The U.S. Dollar Index is trading inside a Channel Up pattern for more than 2 months. The price is approaching an inner Rising Resistance, similar to late August, a quick breah of which caused the Higher High peak on Fibonacci 1.618. Trading Plan: 1. Sell on the Rising Resistance. Targets: 1. 105.350 (bottom of Channel Up, Fib 1.0, -1.44% from a potential top). Tips: 1. The RSI (4h) is already overbought. An additional sell indication. Please like, follow and comment!! Notes: Past trading plan:
TVC:DXYShort
by TradingBrokersView
1
DXY: Moment of truth on the 105.900 ResistanceThe U.S. Dollar Index is rising on an almost overbought 1D technical timeframe (RSI = 69.699, MACD = 0.650, ADX = 30.040) supported by a HL trendline. Following the 1D Golden Cross (first since July 26th 2021), it is now facing the most important Resistance for the long term, R1 at 105.900. We will go long if a 1D candle closes over it and target the R2 level (TP = 108.000) and sell if rejected and target the 0.382 Fibonacci level (TP = 103.500). It has to be said that the 1D RSI has turned sideways since August 25th. This is a potential sign that the bullish trend is losing strength. Prior idea: ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
TVC:DXY
by InvestingScope
10
$6E1! futures gap up, bullish for EURUSDVery brief follow up with the EURUSD short term bull case I was building last week, and finally put on a trade on Friday before close, both the Euro FX futures CME:6E1! gapped up, and the MOEX:DX1! futures gapped down. If this follows through, that bodes well for my AMEX:FXE calls. I will add, the options market in AMEX:FXE are not very liquid. You will find yourself buying on the ask and likely selling on the bid. I tried to get an inbetween the market fill and it just wasn't happening. But, if the move is big enough through the next couple weeks, hopefully the profit still turns out fairly tidy. Futures open on a Sunday are not exactly something you can count on for the general direction, sometimes not even for the next day, but hey, it looks good for my trade at the moment, I'll take it. We'll see what tomorrow holds and hopefully the next ~2 or so weeks.
CME:6E1!
by dieseldub
DX1! | DXY | US DOLLAR INDEX FUTURESSLO2 @ 105.15 ⏳ SLO1 @ 104.50 ⏳ TP1 @ 103.40 TP2 @ 102.40 TP3 @ 101.70 TP4 @ 100.55 📈 The 2D TF is showing the probability of an UTBO @ 103.85 🙏 ✍️ If UTBO happens, I'm anticipating the following: AUDUSD...DT 📉 EURUSD...DT 📉 GBPUSD...DT 📉 NZDUSD...DT 📉 USDCAD...UT 📈 USDJPY...UT 📈 🔑 DT = DOWNTREND TF = TIME FRAME UT = UPTREND UTBO = UPTREND BREAKOUT ✨ Curve Analysis Analyzed Using P2P INDi — A Supply/Demand Indicators: This indicator helps you identify key levels of support and resistance. ✨ Uptrend Breakout Analyzed Using TEMASHA — This indicator helps you identify profitable scalping opportunities.
CAPITALCOM:DXYLong
by ProfessorCEWard
DXY First 1W MA50 test since March. Bullish or bearish?The U.S. Dollar Index (DXY) has come the closest it's been to the 1W MA50 (red trend-line) in 6 months (since March 09 2023). So far the price action has shown a bearish reversal sentiment as the Higher Lows trend-line of the rally since the July 14 bottom, broke last week, but the 1D MA200 (orange trend-line) supported. This bearish sentiment will be confirmed however if the price gets rejected on the 1W MA50, i.e. test it and close the 1W candle below it. In that case we will open a sell on the spot and target the 1D MA200 again and Support 1 at 103.000. If after that the price closes a 1D candle below, we will sell again towards Support 2 (102.000). ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
TVC:DXYShort
by TradingShot
6
DXY: Crossed under the 6 month Support. Sell signal.The US Dollar Index crossed today under the S1 (100.800) for the first time since February 2nd and this sets in motion the second part of this new bearish leg of the Channel Down pattern. The 1D timeframe turned oversold (RSI = 28.999, MACD = -0.360, ADX = 23.314) and with the 1D RSI imitating the November 11th 2022 Low (as well as the MACD), it is likely to get a short term rebound until the oversold state normalizes. We will use this potential bounce as a sell entry and target the bottom of the Channel Down (TP = 97.770), which potentially completes also a -6.66% decline from the top. Prior idea: ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
TVC:DXYShort
by InvestingScope
2
USD is now bullishThe USD has given a couple of bullish signals and these are: 1. A higher high and breakout close of the highest close in the last 10 candles; 2. the MACD is turning up, crossed up the signal line too; 3. the VolDiv is beginning to turn upward and significantly turned up (white dot trigger); 4. The higher high and higher low pattern to bottom out of a downtrend had just happened, although a bit later than projected (points 1 to 5). Look forward to a higher high surpassing 106.62 and its a clear bull primary trend. 105.62 is the upside target. Then possibly 101 the downside target. Heads up! ps. There is something about the spike in the USD... a combination of Powell talk and the Feds raising interest rates, with a equity market panic attack. Note the imminent latter. This also affects a lot of other plays, Gold and Crude oil, for example. Crypto may be affected but Bond rates and prices definitely!
ICEUS:DX1!
by Auguraltrader
DXY: Aiming at a new Low. Long term bearish trend intact.DXY is having the strongest bearish 1D candle since the May 31st rejection at the top of the long term Channel Down. The 1D time frame is deep in red technicals (RSI = 36.647, MACD = 0.090, ADX = 40.756) but the fact that the price crossed under the 1D MA50 gain, calls for more selling. Based on the previous bearish leg, we aim at a medium term correction of -4.85%, thus our target is structured TP = 99.700. Long term target is at a -6.66% (TP = 97.770) but only after a rebound, but until then our strategy will be updated with a new idea. Prior idea: ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
TVC:DXYShort
by InvestingScope
1
DXY formed a MACD Bearish Cross and eyes April's lowThe US Dollar Index / DXY is pulling back after the rejection on the Falling Resistance. The completion of a 1day MACD Bearish Cross yesterday is enhancing the rejection with a stronger sell signal as on March 10th. Sell and target Support A at 101.000. If however a 1day candle closes over the Falling Resistance, buy on the short term and target the 1day MA200 at 105.000. New sells can be added there. Follow us, like the idea and leave a comment below!!
TVC:DXYShort
by TheCryptagon
5
DXY Triple bearish rejection. 102.000 by month's end.The U.S. Dollar Index (DXY) had a major Bearish Rejection last week, and the 1W chart perfectly portrays the triple sell signal that just emerged. As you see the price hit and pulled-back off 1) The Lower Highs trend-line of the Descending Triangle pattern, 2) the 0.618 Fibonacci level and 3) the 1W RSI got rejected on its Higher Highs trend-line. This Triple Rejection is a major medium-term sell signal at least, with the first technical target being the 1W MA100 (green trend-line), which supported the downtrend last time (May 08 candle). The 1W MA50 (blue trend-line) has been the Resistance since the week of December 19 2022. If we get a weekly close below the 100.825 Support, we will re-sell and target the 1W MA200 (orange trend-line) at 98.550 on the long-term. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
TVC:DXYShort
by TradingShot
6
DXY Time to start selling it. Long-term top is near.We had a good break-out buy signal on the U.S. Dollar Index (DXY) on our last trade ten days ago (see chart below) and despite not having hit our original target, we decide to close the long position: The reason is that it has reached the Lower Highs 1 trend-line, the first out of two Resistance levels. Our target was the 1.618 Fibonacci extension, where the 1D MA200 (orange trend-line) is expected to make contact with, so that will be our second (and final) sell entry. Pay attention to the 1D RSI also, which turned flat just before getting nearly overbought, same as it did on February 24. Our bearish strategy targets the 1D MA50 (blue trend-line) on the short-term, with a projected contact at 102.650. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
TVC:DXYShort
by TradingShot
3
Dxy 🌊Salutations, The US Dollar exhibits a prototypical double-zig-zag configuration, reminiscent of what can be described as "Phase E" in the canonical Wyckoff Accumulation Schematic. --- During Phase E, an asset breaks free from its trading range, demand exerts unambiguous control and the appreciative trend becomes palpable to the discerning eye. Potential setbacks such as shakeouts and customary corrections typically recede quickly. Higher echelon trading ranges that encompass both profit realization and the procurement of additional holdings(“re-accumulation”) by influential stakeholders may manifest at any juncture during Phase E. These intermediate trading arenas are sometimes metaphorically referred to as the “stepping stones,” paving the way to even loftier price objectives. My conjecture posits that the recently completed local Wave B in April symbolizes one such "stepping stone". --- Wave Y - 131 - 143 ☿
TVC:DXYLong
by amethystphantom