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)
SDX1! trade ideas
Dollar Index trading sideway, breakout will be crucial!Last week the Dollar Index met its measured target of the descending triangle breakout.
Bullish bias still remains as the Dollar Index continues to trade above the 200 simple moving average (SMA). To look for entries, let us zoom into the lower time frame in this week's analysis.
In the lower time frame, we can see that the Dollar Index is trading in consolidation awaiting for the next direction. Any breakout of the 107.155 resistance region would indicate the continuation of the current trend with the initial target of 109.00 region. Conversely, a downside breakout of the 106.16 region would like go below the major support level at 105.0.
Is the end of the upward trend: DXY?Hello and good evening friends
The bull market for the dollar can still continue, but it may take more time if a major correction takes place. If the analysis is canceled, the continuation of the correction pattern will be big
Good luck and be patient in your dealings
LONG USDXcasting backward 60 days IPDA most recent shift was to the upside on USDX, we retraced back into the range, and then got a rejection on that discount FVG. if you take note of the 113.850 lvl you would notice how clean it is and its also a round number in a premium array, I think that's where IPDA might wanna reprice USDX back to plus the short term sentiment has been bearish on USDX. in Addidtion we also have an underlying strong fed rate so USDX should make new highs and foreign pairs like GU,EU should make New lows
DXY 106 Target Achieved, New Pattern EmergingTechnical & Trade View
US Dollar Index Futures
Trade View
106 Target Achieved, New Pattern Emerging
Bias: Bullish Above Bearish below 108.50
Technicals
Primary resistance is at 108.50
Primary pattern objective is 104.50
Acceptance below 106 next pattern confirmation
Acceptance above 108 opens a test of 109.50
20 Day VWAP bearish , 5 Day VWAP bullish
Options Expirations For Friday’s New York Cut
EUR/USD: 1.0200-05 (839M), 1.0225 (687M), 1.0240-50 (597M)
1.0300-10 (1.19BLN), 1.0325 (678M), 1.0350 (206M)
1.0450 (2.7BLN), 1.0475 (268M), 1.0500 (566M)
USD/JPY: 138.90-00 (660M), 139.45 (567M), 140.00-05 (413M)
140.50 (1.4BLN), 142.00 (590M)
USD/CHF: 0.9425 (265M), 0.9535 (400M), 0.9875 (500M)
GBP/USD: 1.1700 (560M), 1.1750-55 (257M)
AUD/USD: 0.6650 (528M), 0.6660 (701M), 0.6750 (202M)
NZD/USD: 0.6120 (255M), 0.6150 (202M)
USD/CAD: 1.3160 (820M), 1.3200 (280M), 1.3250 (408M)
1.3300 (272M), 1.3325 (1.3BLN), 1.3350-65 (592M)
Institutional Insights
According to analysts at Credit Agricole ‘The USD has been seen as the key beneficiary of the unfolding global economic slowdown: (1) the US economy is more resilient than its European and Asian counterparts; (2) the Fed has emerged as one of the more hawkish G10 central banks in a boost to the USD’s real rate appeal; while (3) risk-averse investors continue to seek refuge in high-yielding USD cash. We expect the USD to peak only in Q123 as it remains supported by its status as a high-yielding, safe-haven currency. The fact that the USD is overbought and overvalued also means that the pace of any additional gains could slow down in the next 3-6M, however. Further out, depending on the severity of the global downturn, the USD should cede some ground vs other safe havens like the JPY and CHF –under a global ‘hard landing’ –or pro-cyclical currencies like the AUD, CAD, NOK, NZD, GBP and EUR –under a ‘softer landing’
Dollar Index possible level of reversalLast week, we mentioned that the Dollar Index has formed a descending triangle and the direction of the breakout would give us the indication of the next move.
Price broke out towards the downside and the next major support would be at the 105.00 orange region as indicated on the chart. This region can be seen as a major supportive level as it is:
1. Horizontal support
2. Measured Move of the Descending Triangle
3. Possible 200 SMA support if price continues within the downside
Well, well, well. What do we have here?Incredibles news in the last month or so surrounding CRYPTO and the stock market.
SBF on the run, exchanges being investigated, even government officials involved.
And what ticker constantly pops up? AMC Entertainment. Hidden shorts that have been burried inside shell companies that are now being exposed.
FTX doesn't have any AMC shares on the balance sheets, implying that they never held backed the tokenzied stocks as previously assured!
1.5 billion AMC shares, unaccounted for with crypto exchanges!!!
What else will be exposed?
Either way, we buy and hodl.
I can see light at the end of the tunnel.
STAY ZEN MY FRIENDS!
DXY 107.72 Target Achieved, New Pattern EmergingTechnical & Trade View
US Dollar Index Futures
Bias: Bullish Above Bearish below 109.25
107.72 Target Achieved, New Pattern Emerging
Technicals
Primary resistance is at 109.25
Primary pattern objective is 106
Acceptance below 107 next pattern confirmation
Acceptance above 109.50 opens a test of 110.50
20 Day VWAP bearish , 5 Day VWAP bearish
DXY Consider 109 Target Achieved, New Pattern EmergingTechnical & Trade View
US Dollar Index Futures
Consider 109 Target Achieved, New Pattern Emerging
Bias: Bullish Above Bearish below 111.30
Technicals
Primary resistance is 111.30
Primary pattern objective is 107.75
Acceptance below 109 next pattern confirmation
Acceptance above 111.50 opens a test of 112.20
20 Day VWAP bearish , 5 Day VWAP bearish
20 REASSON FOR SHORT DXY 🤑TOP DOWN ANALYSIS OVERVIEW🤑
🧐Eagle eye: structural Down
Monthly : structure bullish but there are lot of weakness in monthly candle patterns last month is inside bar 😲insidebar😲 current forming 👎doji😲
weekly : a big Imbalance after it prices are going down and down 🥺
so the bigger picture is not clear and in bear favor
1 Structure analysis time frame :DAILY bear
2 target time frame :DAILY
3 Current Move :IMPULSE
4 Entry Time Frame : H4
4.1 Entry TF Structure: BEAR
4.2 entry move : IMPULSE
5 Support resistance base :H4 BEAR ORDER BLOCK
6 FIB: TRIGGER EVENT
7 candle Pattern: DARK CLOUDS
8 Chart Pattern: DOUBLE TOP
9 Volume : EXTREAMLY HIGH
10 Momentum UNCONVENTIONAL Rsi: SUPER BARISH WITH LOUD MOVES
11 Volatility measure Bollinger bands: HEADFAKE BEARISH
12 strength ADX: WICKSAS BEAR
13 Sentiment ROC: BULLISH
14 final comment : SHORT AT RETRACEMENT
15 : decision : SELL
16 Entry: 111.790
17 Stop losel: 112.8
18 Take profit: 107.170
19 Risk to reward Ratio: 1:5
Excepted Duration : 10
Formation of the Descending Triangle and the Dollar IndexThe United States Dollar Index experienced some wild swings this week.
As mentioned in our previous post, if price were to push past the 110.885 resistance region, we will likely see the Dollar push towards 111.665 which was what happened last week. Price continued to push on towards the descending trend line but was met with strong selling pressure and reverses back towards the minor support at 110.885 region. Potential long potential can be taken at 109.105 key support region if strong bearish momentum were to continue early next week.
In addition to the reversal of the descending trend line, the Dollar Index has now developed a descending triangle. Any breakout confirmation of the pattern can provide us with the next higher time frame direction of the Dollar Index.
Bites Of Trading Knowledge For New TOP Traders #17 (short read)Bites Of Trading Knowledge For New TOP Traders #17
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What is a custodian? -
A custodian is a financial institution that holds customers' assets or securities for safekeeping to prevent them from being stolen or lost. The custodian may hold equities, bonds, derivatives, or other assets in electronic or physical form on behalf of its customers. Custodians could offer related financial services such as account management and reporting, transaction settlement, and compliance related to anti-money laundering and tax regulations.
What is an exchange? -
An exchange is a venue where buyers and sellers trade equities, bonds, derivatives, and other tradable assets. Exchanges are often regulated by financial regulators and provide liquidity, which give market participants the ability to buy and sell assets at a fair market value.
What is a financial regulator? -
Governments have various agencies in place given the responsibility to regulate and oversee financial markets and companies participating in the financial system. These agencies each have a specific range of duties and responsibilities that enable them to act independently of each other while they work to accomplish similar objectives. For example, in the United States, the Securities and Exchange Commission (SEC) has oversight of the securities industry (stocks and shares), whereas the Commodity Futures Trading Commission (CFTC) regulates and oversees derivative markets (futures, swaps, and options).
RISKS AND OPPORTUNITIES FOR CORPORATES AND INDIVIDUAL INVESTORS -
Common application of financial market instruments for managing risk and opportunities.
Position and Risk Management
Risk management is the responsibility of market participants designed to limit risk exposures that specifically applies to the participants financial profile in the market.
The financial profile of a participant may include their role in the financial market or the amount of capital under their responsibility to be managed in the market, and therefore the risk variables that each would need to identify may be unique.
For both corporate and individual investors, the market to trade would be a key variable to clearly state and support with reasons for trading or investing. Reasons for selecting one market over another could include price volatility, liquidity, daily volume traded, size of the minimum price increment, and value of the minimum price increment. Comparing these variables between markets will help decide the suitability and/or risk of each.
For example, if Mini-Brent Crude Oil futures (BM) moves around $2.00 per day (or 2 points) and a point is worth $100, a trader might experience a $200 fluctuation in their account balance for one day. Another example is the U.S Dollar / Singapore Dollar (USDSGD), which could move 70 pips or more per day and trading a standard lot size with each pip worth $10, a $700 fluctuation could be expected for one day.
Market participants may also manage their risk through the size of their positions. The larger their position size, the greater is their exposure and the smaller their position size their exposure is lower. Investors should determine the risk that would result from various position sizes and select the size that ensures that their risk limit is not exceeded. Finally, setting stops with a specified loss amount provides protection if the market does not move in the desired direction. It helps to prevent creating a loss scenario which is larger than an account can handle.
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.
Elliott Wave View: Dollar Index (DXY) Has Resumed HigherShort term Elliott Wave view suggests correction from 9.28.2022 high ended at 109.53 as wave (4). Internal subdivision of wave (4) unfolded as a double three Elliott Wave structure. Down from 9.28.2022 high, wave W ended at 110.055 and wave X ended at 113.942. Index then resumes lower in wave Y to 109.53 and this completed wave (4) in higher degree. Dollar Index has turned higher in wave (5) but it still needs to break above previous peak on 9.28.2022 at 114.78 to rule out a double correction.
Up from wave (4), wave ((i)) ended at 111.78 and pullback in wave ((ii)) ended at 110.42. Index then resumes higher again and wave ((iii)) should end soon after a few more highs. Afterwards, it should pullback in wave ((iv)) to correct cycle from 11.3.2022 low before the rally resumes in wave ((v)). After wave ((v)) ends, the Index should complete wave 1 of (5). It should then pullback in wave 2 to correct cycle from 10.27.2022 low in larger degree 3, 7, or 11 swing before the rally resumes again. Near term, as far as pivot at 109.53 low stays intact, expect dips to find support in 3, 7, or 11 swing for further upside. Potential target for wave (5) higher is 123.6 inverse retracement of wave (4) at 114.78.