short xausd into 1760 dxy will fly i think we should reversal here
because of
50 pull back
parabolic wedge
broad ch w so it was minor reversal
and its DB with last Support ?
SDX1! trade ideas
Dollar remains resilientThe United States Dollar Index continues to trade in consolidation but due to time factor, price is now trading above the descending trend line with the 50 period exponential moving average (EMA) as the next form of resistance.
We will reiterate that even though the Dollar is trading below the 105.0 key level, price is still trading relatively close to the level. Upside potential is still possible if the Dollar managed to trade above the 105.00.
US DOLLAR INDEX FUTURES Hello ladies and gentlemen according to my chart analysis of the US DOLLAR INDEX FUTURES, there is a high probability of a decline towards the levels of 91.0000 that we have se before in (2018-2019) we will see that level again with high probability based on my analysis in the next few months or why not next year.
DX (MN1) Long TermI remind you that this is a Long Term analysis.
As per previous analysis, the 101 / 102 zone was a decision point.
USD continued to appreciate up to 114, right now we are seeing a FIb retracement at 0.618.
The outlook is for a rise to 121,000 as occurred in 2002. This analysis is in line with EURUSD down at 0.87700.
What is US dollar index (DXY)? Dollar Index History
DXY began in March 1973, shortly after the Bretton Woods system collapsed. Initially, the value of the US Dollar Index was set at 100,000. Since then, the index has peaked at 164.7200 in February 1985 and hit a low of 70,698 on March 16, 2008, and is currently trading at 103.715.
The arrangement of the "basket" took place only once, at the beginning of 1999, when the euro included several currencies. The arrangement of the "basket" does not yet include countries with high trade volumes, such as China, Mexico, South Korea and Brazil. On the other hand, although Sweden and Switzerland do not have large trade volumes, they continue to be included in the index.
What is the Dollar Index?
The US Dollar Index (USDX, DXY) is an indicator of the value of the US Dollar against foreign currencies. It is also referred to as a money basket by US trading partners. The index is designed, maintained, and published by ICE Futures and. It is also registered with the name "U.S Dollar Index".
How Is The Dollar Index Calculated?
The dollar index is calculated by the weighted geometric average of the Euro, Japanese Yen, British Pound, Canadian Dollar, Swedish Krona and Swiss Franc.
✅Euro (EUR)= 57.6% by weight
✅Japanese Yen (JPY) = 13.6 weight
✅British Pound (GBP) = 11.9% by weight
✅Canadian Dollar (CAD) = 9.1% by weight
✅Swedish Krona (SEK) = 4.2% by weight
✅Swiss Franc (CHF) = 3.6% by weight
Its formula is:
DXY = 50.14348112 × EURUSD -0.576 × USDJPY 0.136 × GBPUSD -0.119 × USDCAD 0.091 × USDSEK 0.042 × USDCHF 0.036
Why Dollar Index Increases?
👉🏻Every move that will strengthen the dollar in the United States, decrease in unemployment, positive employment data, high growth figures
👉🏻The depreciation of the local currencies of the six main countries included in the DXY
Why Is The Dollar Index Declining?
👉🏻Data that will cause the dollar to depreciate in the United States, growth figures below expectations, unemployment rates higher than expected
👉🏻Strengthening of the economies of the six main countries in DXY, appreciation of their local currencies
DXY is updated as long as the USD market is open. DXY can be traded as a futures contract on the ICE exchange. It is also available in exchange-traded funds (ETFs), options, and mutual funds.
dxyDollar is bearish. It looks a lot like the dollar is leaving its bigger uptrend its moving in since early this year. I highlited the potential trend lines and significant price marks i will keep an eye on in this scenario.
This downbreak move would come along with a bullish EUR and bullish stocks.
DXY 102.80's Target Hit, What Next?In this update we review the recent price action in the Dollar Index and. identify the next high probability trading opportunity and price objectives to target
Dollar still trading near key levelThe United States Dollar Index although recovered some of its losses, is still below the descending trend line.
Even though the Dollar is trading below the 105.0 key level, price is still trading relatively close to the level.
Upside potential is still possible if the Dollar managed to trade above the 105.00, invalidating the descending trend line and shifting the 105.00 level from resistance back to support level.
LOOKS LIKE BULLISH STRONGER as shown on the chart we have very strong resistance levels front for the price
once it can close above them will open the way to retest the above resistance as shown on the chart
once we got weak signal and rejection thats mean we back to support levels below
wish you happy trade
DXY - What's next! DXY - What's next!
$DXY - We are within the ranges of lows: 103 1/2 areas highs: 105 3/4 areas
A break above or break below.
Trade Journal
US DollarUS Dollar - Continuous Weekly: Looking for support in the 102 to 103 area. Still unsure if this potential low would be for a bear market rally or a swing low for a correction move in and continue up in the bull market
DXY Action Areas Ahead Of CPI & FOMCIn this update we review the recent price action in the DXY and identify pivotal trade locations and price objectives to target
dxy, 12-12 updategood evenin',
wasn't too long ago when i called the top on the dxy.
all the dxy bull bro's were like, no way man its going to go up forever.
>okkk boomer, 😏
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so here's my take on what comes next.
theorizing a bit into the future here-
idea goes like: we correct down in 3 waves, then put in an equal sized leg to the upside into the 120~130 region in
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original post:
Dollar hanging onto key levelThe United States Dollar Index managed to not develop new low this week as it trades in consolidation at 105 key region.
However, downside momentum seem to limited as 50 exponential moving average has multiple contact within a short period.
We may potentially see upside movement of the Dollar potentially towards the 107.155 resistance region.
However, if the Dollar Index is to make a new low, we will have a bearish confirmation of the Dollar.
US Dollar Produces Textbook Chart Pattern!The Dollar Index was contained inside an area of consolidation from January 2017
to June 2022 before finally breaking out to the upside above $103.
Price had a clean run producing strong bullish candles through to September 2022,
moving from $103 to $114.
Exhaustion then crept into this asset, causing a decline in price, which was to be
expected based on its history of deep pullbacks against the flow of the trend.
We are currently seeing a textbook pattern where price breaks out of consolidation
and retests the consolidation area.
If this unfolds as expected, we should see a bounce from support and a resumption
of the prior bullish move.
At the time of writing, December’s candle is displaying as an indecision candle,
but as we are early in the month, the shape of the candle is likely to change.
If price moves up again, we will likely see volatility flow into a number of forex pairs
producing opportunities to open positions in this market.
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DXY 104.40 Target Achieved New Pattern EmergingIN this update we review the recent price action in the DXY futures contract and identify the next high probability trading opportunity and price objectives to target
Bites Of Trading Knowledge For New TOP Traders #18 (short read)Bites Of Trading Knowledge For New TOP Traders #18
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What is the Blockchain? -
The Blockchain is a decentralized 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 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 -
Common application of financial market instruments for managing risk and opportunities.
Hedging Portfolio Risk
Hedging bitcoin exposure with the Bakkt ® Bitcoin (USD) Cash Settled Monthly Futures (BMC) contract is a way to manage portfolio risk by taking a directional position opposite to the underlying asset as protection.
For example, a hedger may have plans to hedge downward price movement in bitcoin using futures contracts based on in-house market and portfolio analytical processes. The market analysis may use common technical analytical techniques such as support and resistance to formulate the trade decision.
If bitcoin is expected to weaken as it nears the resistance area, the hedger may plan to enter into a short futures position using the Bakkt ® Bitcoin (USD) Cash Settled Monthly Futures contract under either price levels of $27,500 or $32,500 to lock in the value of their underlying bitcoin position. Alternatively, if the hedger was in a short bitcoin position and wanted to hedge their position as price rose, entering a long futures position above price levels $12,500 or $16,500 could be considered.
TRADDICTIV · Research Team
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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.
Is the Dollar breakout confirmed?The United States Dollar Index remains under pressure throughout the week while having a momentarily breakout of the key support region at 105.0.
Last Friday's candlestick closed with a wide shadow with a small body, possibly showing sign of market indecision.
With this, reversal towards the upside is still likely but only with confirmation and keep stop tight.
What are your thought?
Dollar downside pressure remains HIGH but is still supportedThe United States Dollar Index failed to keep its recovery in strength and fell back to low of the lower time frame range.
The Dollar Index downside pressure remain high as the FEDs minutes indicated slowing the pace of rate hikes being appropriate gave a more positive sentiments throughout the market.
A breakout confirmation of the key support region at 105.0 can indicate a shift in the medium to long term trend.
US DOLLAR MY MONTHLY VIEW.Hello ladies and gentlemen, according to my chart analysis of the U.S. DOLLAR INDEX FUTURES , there is a high probability of a decline towards the levels of 91.000 that we have see before in (2018-2019) ,we will see that level again with high probability based on my analysis in the next few months or why not next year .
DXY Bearish Below 108.70 Targeting 104.50Technical & Trade View
US Dollar Index Futures
Trade View
Bias: Bullish Above Bearish below 108.50/70
Technicals
Primary resistance is 108.50/70 watch for bearish reversal patterns here
Primary pattern objective is 104.50
Acceptance below 106 next pattern confirmation
Acceptance above 108.70 opens a test of 109.25
20 Day VWAP bearish , 5 Day VWAP bearish
Options Expiries for today’s New York cut
EUR/USD: 1.0050-55 (1.4BN), 1.0060 (408M), 1.0085 (247M), 1.0280 (853M), 1.0300-10 (1.94BN), 1.0315-20 (344M), 1.0330 (236M), 1.0350-55 (904M), 1.0395-05 (809M), 1.0475 (276M)
USD/JPY: 140.00 (900M), 141.25-30 (371M), 141.40-45 (225M), 141.75-85 (873M), 142.00 (491M), 142.50 220M)
USD/CHF: 0.9520-30 (395M)
GBP/USD: 1.1800 (303M), 1.1850-55 (341M)
EUR/GBP: 0.8725 (358M), 0.8750 (315M), 0.8775 (376M), 0.8800 (368M)
AUD/USD: 0.6600 (342M), 0.6700 (226M)
BTCUSDT FUTURE WEEKLY ANALYSEThe DXY is actually bullish on the weekly this means that BTC will continue dumping down SELL BTC
