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Usdfutures

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
USD buyers ready to test resistance again?Today's focus: USD Index Pattern – Continuation Possible targets – 105.60 Support – 103.40 Resistance – 104.20 Today’s update is on the USD index. Do we have a new uptrend? For us, we want to see resistance beaten. If we can see a break, this could set up a new move to 105.60 and a break of that level take price out of its consolidation range and gets an uptrend going. For now, we have a short-term up trend, but buyers have more work to do to confirm it overall. If we see a new retracement, we want to see support hold. A move back to 102.70 is a worry if you’re on the short-term bull side. With momentum back in the buyer’s court, will we see a break of resistance? Thanks for stopping by. Good trading, and have a great day.
EIGHTCAP:USDXLong
by Eightcap
10
US Dollar Index Futures (DX1!), H1 Potential for Bullish riseType : Bullish Rise Resistance : 103.960 Pivot: 102.925 Support : 102.240 Preferred Case: On the H1, price is moving above the ichimoku cloud and along the ascending trendline which supports our bullish bias that price will rise from the pivot at 102.925 where the swing low support is to the 1st resistance at 103.960 in line with the swing high resistance, 127.2% fibonacci extension and 100% fibonacci projection Alternative scenario: Alternatively, price may break pivot structure and drop to the 1st support at 102.240 in line with the overlap support and 78.6% fibonacci projection. Fundamentals: The CPI is forecast to rise by 0.7 percent from the previous month's 0.3 percent, but this is unlikely to affect the two 50-basis-point rate rises already factored in for June and July. This gives us a weak bullish view for the US Dollar Index Futures.
ICEUS:DX1!Long
by Genesiv