DX1! - Weekly Market Update, 4/25/22The dollar index continues to prove strong as it approaches notable resistance. A rather simple channel and extension structure tells the entire story. Enjoy!
SDX1! trade ideas
DXY Trading The Bullish SequenceIN this update we review the recent price action in the Dollar Index and identify the next high probability trading opportunities and price objectives to target.
DXY - The shortMomentum looks to be running out on this trend and a bull flag pattern has been formed.
DX1! - Weekly Market Update, 4/18/22US Dollar Index has confirmed an upside breakout, however, when inputting the buffer for the target
we are offered ZERO profit opportunity. I've indicated key areas of support and resistance on the chart
for this upcoming week for our shorter-term traders to use.
DX Index Futures
Hello ladies and gentlemen, according to my graphical analysis of DX dollar indix futures ,I recommend for the moment sell DX, to because there is a great probability of to reach 99,305$
DX1! - Weekly Market Update, 4/11Indicated areas of support (green) and areas of resistance (red) are ascending (rising) and descending (falling).
These areas indicated suggest support / resistance for the week of April 11 and either rise or fall based on their channel structure ascending or descending.
Please check back for any mid-week updates. Wishing you a profitable week ahead! Anthony Speciale
Don’t shoot the messenger!While there has been much commentary about the US Dollar Index hitting 100.00, we note two things from a technical perspective – the first is a shooting star pattern on the candlestick charts and the second is that the daily RSI has yet to confirm the recent high.
This happens when price makes a new high, but the oscillator does not – it is otherwise known as bearish divergence.
It generally denotes a loss of upside momentum.
The shooting star however is a bit more serious this is a bearish reversal candlestick pattern that typically occurs at the top of uptrends.
I would suggest tightening the stops in this one as I suspect that we are going to see some profit taking….
A shooting star is created when the open, low, and close are roughly the same price. Also, there is a long upper shadow, generally defined as at least twice the length of the real body.
Disclaimer:
The information posted on Trading View is for informative purposes and is not intended to constitute advice in any form, including but not limited to investment, accounting, tax, legal or regulatory advice. The information therefore has no regard to the specific investment objectives, financial situation or particular needs of any specific recipient. Opinions expressed are our current opinions as of the date appearing on Trading View only. All illustrations, forecasts or hypothetical data are for illustrative purposes only. The Society of Technical Analysts Ltd does not make representation that the information provided is appropriate for use in all jurisdictions or by all Investors or other potential Investors. Parties are therefore responsible for compliance with applicable local laws and regulations. The Society of Technical Analysts will not be held liable for any loss or damage resulting directly or indirectly from the use of any information on this site.
Elliott Wave View: Dollar Index (DXY) Resumes HigherShort Term outlook in Dollar Index (DXY) suggests the decline from March 7, 2022 peak ended in wave (4) at 97.68. Internal subdivision of wave (4) unfolded as a zigzag Elliott Wave structure. Down from March 7 peak, wave A ended at 97.71 and rally in wave B ended at 99.37. The Index then resumed lower in wave C towards 97.68 which completed wave (4) in higher degree. The Dollar has turned higher in wave (5). Internal subdivision of wave (5) is in progress as a 5 waves impulse.
Up from wave (4), wave (i) ended at 98.36 and pulllback in wave (ii) ended at 97.9. Index then resumes higher in wave (iii) to 99.08. Expect Index to pullback in wave (iv) and then extend higher again one more leg in wave (v) before it completes wave ((i)). Afterwards, expect a wave ((ii)) pullback to correct the rally from wave (4) low on March 30 before the Index resumes higher again. Near term, as far as March 30 low pivot at 97.68 stays intact, expect dips to find support in the sequence of 3, 7, or 11 swing for further upside.
DXY Do or Die Trend Channel TestIn this update we review the recent price action in the Dollar Index and identify the next high probability trade locations and price objectives to target.
Dx go down!?Dx broke up trend on 16th March, then failed to break recent high on 28th March and made lower on same day .
Seems like it begin down trend !
DX1! Weekly Market Update, 3/28Indicated areas of support (green) and areas of resistance (red) are ascending (rising) and descending (falling).
These areas indicated suggest support / resistance for the week of March 28 and either rise or fall based on their channel structure ascending or descending.
Please check back for any mid-week updates. You can also follow me on my social networks and my website, all links are located below.
Wishing you a profitable week ahead! Anthony Speciale
DX1! - Weekly Update, 3/21Indicated areas of support (green) and areas of resistance (red) are ascending (rising) and descending (falling).
These areas indicated suggest support / resistance for the week of March 21 and either rise or fall based on their channel structure ascending or descending.
Please check back for any mid-week updates. You can also follow me on my social networks and my website, all links are located below.
Wishing you a profitable week ahead! Anthony Speciale
Symmetrical Triangle Forming UpNearing a multi year symmetrical triangle monthly resistance level, if we see a bull push over the next week I suspect by the FOMC meeting, the scale of probability will significantly increase for bullish continuation. However, if the current hourly trend turns bearish, the likelyhood that symmetrical triangle resistance level has been verified increases and will continue to increase as more time frames follow; with significant downside. Allocate appropriately and respect the trends, disregard the fud, and good luck!!
-RSI neutral
-MACD bearish
DX1! - Weekly Market Update, 3/14Indicated areas of support (green) and areas of resistance (red) are ascending (rising) and descending (falling).
These areas indicated suggested support / resistance for Monday, 3/13/22 and either rise or fall based on their channel structure ascending or descending.
Please check back for any mid-week updates. You can also follow me on my social networks and my website, all links are located below.
Wishing you a profitable week ahead! Anthony Speciale
DXY To Test Pivotal 78.6% FiboIn this update we review the recent price action in the Dollar Index and identify the next high probability trading pattern and price objectives to target.
DX1! COMING INTO YEARLY RESISTANCE ZONESO it has been awhile since I have posted on here. But I figured this could be of some value since it has been a long time since the dollar index has come into this "danger zone" so to call. The nice thing with trading is it's only dangerous if we don't know how to approach the markets. As traders we are the ones that determine our results.
Keep an eye on the dollar index as it comes into multi-year resistance. With the future plans the FED has with continuing to raise interest rates along with a strong previous week of buyer price action, I don't necessarily believe this is coming down this week but keep an eye on for the future to what the dollar does as usually the banks, government, etc. use these levels to determine economic decisions they make.
2 options here. 1st option is that the dollar continues this recent strength up into the top of this zone around the 103 price handle. Then we would have to see what price does from there. 2nd option is that price can react once again in this zone and start a bearish run for the US dollar.
Keep an eye out and lets see how the FED rules the dollar and how the technicals play out!
Cheers!
@JosePips
DXY (Dollar Index) : Anticipating DXY range for next few weeksDXY / USDOLLAR / DX1! is at equilibrium of its long term range (since Q1-2020). Hence I anticipate it'll be stuck in this range for quite a while - unless tensions escalate in Ukraine/Russia
DXY Risk Free Longs In PlayIN this update we review the recent price action in the Dollar Index and update the trade plan and price objectives to target
USD INDEX. do a little correction buddy!will it happen to DXY?
dxy needs a little correction to empower its trend.
may the fibo helps us !
Bites Of Trading Knowledge For New TOP Traders #8 (short read)Bites Of Trading Knowledge For New TOP Traders #8
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What is a Digital Asset Wallet? –
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RISKS AND OPPORTUNITIES FOR CORPORATES AND INDIVIDUAL INVESTORS –
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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.
A crucial week for the US Dollar....The US CPI is out on Thursday, which is key, but the reason that we think this week is important for the Dollar is a technical one. We had previously been viewing this as a potential bull flag, however last weeks price action has negated that view, why? When a market breaks higher from a bull flag pattern it tends to be quite dynamic and directional, the break higher should be maintained and that is not what we are seeing here. This, for us, negates the bull flag pattern.
So, where does that leave us? Well, it’s not a bull flag BUT it has not done enough to negate the bull trend either… (definition of a bull trend is higher reaction highs and higher lows) and we can see quite clearly that the reaction back is finding some support at the 20-week and 200-week ma at 95.11.
For the bear camp argument, we also have a LARGE divergence of the weekly RSI, which reflects a significant loss of upside momentum.
So how to proceed? I’d leave well alone until a clearer chart picture emerges…. However, if you must trade it, we would suggest a light and nimble touch here is needed. Drop down into the hourly chart and we can see the market is starting to nibble through the top of an hourly cloud, which implies some very near-term strength, but stops should be kept close and the most recent low on the hourly chart was a 95.34, so I would be utilising stops below there…
Slightly longer term, the KEY support is going to be the 94.61, the January reaction low, as failure there would imply that the bears are winning and introduce scope to the 55-week ma at 93.04 currently. As we say, we suspect this week will be crucial for the Dollar and let’s hope that the US CPI triggers further directional impetus.
Disclaimer:
The information posted on Trading View is for informative purposes and is not intended to constitute advice in any form, including but not limited to investment, accounting, tax, legal or regulatory advice. The information therefore has no regard to the specific investment objectives, financial situation or particular needs of any specific recipient. Opinions expressed are our current opinions as of the date appearing on Trading View only. All illustrations, forecasts or hypothetical data are for illustrative purposes only. The Society of Technical Analysts Ltd does not make representation that the information provided is appropriate for use in all jurisdictions or by all Investors or other potential Investors. Parties are therefore responsible for compliance with applicable local laws and regulations. The Society of Technical Analysts will not be held liable for any loss or damage resulting directly or indirectly from the use of any information on this site.
