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U.S. Dollar Index Futures

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Triple divergence of the weekly RSI on US Dollar Index Triple divergence of the weekly RSO in the US Dollar Index ahead of the US CPI and the FOMC points to a significant loss of upside momentum, we would allow for the possibility for the market to mean revert to its 20-week ma at 105.76. 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.
ICEUS:DX1!Short
by The_STA
3
USD Index Hits ResistanceUSD Index is coming impulsively higher in the 4-hour chart after a three-wave A-B-C correction in wave IV back in August, so the current recovery is a new five-wave rise. But it's a fifth wave that can be now in late stages here at 110 - 111 area. Divergence and potential wedge formation also suggest that the upside can be limited. Drop below 108.00 will suggest that the top is in place, at least a attemporary one. Also, the current DXY has a lot to do with EURUSD of course, which for now stayed about the recent low as European Central Bank President Christine Lagarde noted that they are ready for further hikes on upcoming meetings, taking the deposit rate into neutral territory.
ICEUS:DX1!
by ew-forecast
3
20 Reason for Long DXYUpdate 07/09/2022 1 Structure 1/2: Bear 2 imbalances : Correction target marked 3 Current Move1/2 : Corrective 4 Entry TF : D1 4.1 ETF Structure: Bull 4.2 move : impulse 5 Support Resistance: Pull Back support waiting 6 FIB: waiting according to drawing for buy entry 7 candle Pattern: shrinking candles 8 Chart Pattern: 9 Volume : decrease correction now 10 Momentum: Bullish 11 Volatility : Divergence 12 strength: full favor of bulls 13 Sentiment : No1 14 Final Summary: go with Bull buys all signs are favor of buyer 15Buy /Sell/Wait : wait for buy 16 Entry:108.222 17 Sl: 107.555 18 Tp: 114.555 19 Risk to reward Ratio: 1:13 20 Excepted Duration : 45
ICEUS:DX1!Long
by Optimum369
1
DXY is printing a reversal in ascending wedgeThe DXY seems to be printing into an ascending wedge after a long uptrend which is a possible reversal signal. Some stats on ascending wedge (source: www.centralcharts.com) - In 82% of cases, the exit is bearish. - In 55% of cases, a rising wedge is a reversal pattern. - In 63% of cases, the pattern’s price objective is achieved when the support line is broken. - In 53% of cases, the price makes a resistance pullback on the rising wedge’s support line. - In 27% of cases, false breaks (false exits) appear. This will likely break down, and could signal another rally for stock indices and crypto. I almost can't believe that markets could rally with the macro landscape, but Powell's recent messaging seems to be mostly ignored and traders are calling the fed's bluff. Watch into the CIE data the day before the fed minutes and rate decisions are made, and if the fed isn't posting super hawkish rate hikes, you could really get a run on some crypto assets through september despite the fact that it's historically a bearish month.
ICEUS:DX1!Long
by decklyndubs
2
Dollar Index Up 5%The Dollar Index is up 5% since breaking above the resistance level at $103 in June 2022 and the buyers are looking strong for September so far. Price was previously in consolidation between January 2017 and June 2022 and when price consolidates for lengthy periods of time such as this, we can expect strong moves in the direction of the breakout like we see at the moment. There is a lot of clear space above price for it to continue climbing higher, so the buyers may use this to their advantage. This is the best time to look at the forex market, which has been sleeping for a number of years now. Expect big long-term trends when markets come alive after a long period of doing nothing. If you like enjoyed this post, make sure to like, and follow for more quality content! If you have any questions or comments, comment below. We reply to every comment! See below for more information on our trading techniques. As always, keep it simple, keep it Sublime.
ICEUS:DX1!Long
by Sublime_Trading
2
Bites Of Trading Knowledge For New TOP Traders #15 (short read)Bites Of Trading Knowledge For New TOP Traders #15 ---------------------------------------------------------------- What is an Interest Rate Differential? - An interest rate differential is a change in the interest rates between the currencies of two countries. It is a measure of how money from two countries compares to each other. What is the Carry Trade? - The carry trade is where an investor borrows in a currency where the interest rate is low and converts those funds into a currency where the interest rate is higher. For example, if one currency has an interest rate of 5% and the other has a rate of 1%, it has a 4% interest rate differential. If you were to buy the currency that pays 5% against one that pays 1%, you would be paid on the difference with daily interest payments. RISKS AND OPPORTUNITIES FOR CORPORATES AND INDIVIDUAL INVESTORS - Common application of financial market instruments for managing risk and opportunities. Diversification: Portfolio Risk Using FX Futures Portfolio diversification is the process of investing your money in different asset classes and securities in order to minimize the overall risk of the portfolio. For both corporate and individual investors, having access to markets that enable the building of a diversified portfolio is an important consideration when managing futures focused accounts. Similar to managing risk, 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, the parameters for a price driven strategy may be designed to be applied to any market whether it be index equity futures or forex futures. However, the signals for entry may not always trigger if a trader were just to focus on a single index equity futures. Having access to markets such as the Micro MSCI USA Index futures could add diversification to a portfolio in an efficient manner. Having access to other futures markets to apply the strategy to allow for the creation of a diversified portfolio with varying entry and exit points or the ability for more trading oriented investors increased opportunities to execute price driven strategies more often across a range of futures markets. TRADDICTIV · Research Team -------- 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.
ICESG:SDX1!Education
by traddictiv
USD Cup & Handle BreakoutIt has been a rather long time since I looked at the US Dollar Index Futures chart. Pulled out the chart and surprise! Since June 2022, the weekly USD chart had actually completed a Cup & Handle pattern, retested the resistance turned support at 105, and now is on a tear rocketing upwards. Technical indicators although stretched for a bit, appear to have renewed momentum, crossing over and upwards in alignment. The daily chart shows some level of stalling in late August, and pushed further upwards late last week, closing at a multi-year high. In an inflationary environment, with the Fed bent on continuing to raise rates and accepting painful costs, the USD is likely to rise further. Cup & Handle pattern projections put it above 120. This has many many implications, both as the USD rises, and when the USD is categorically above 110, 115 and 120. This USD move will be the backdrop of many new trends over the next couple of months to years, giving traders and investors many opportunities if handled correctly. Watch for them!
ICEUS:DX1!Long
by Auguraltrader
3
What to do when technical analysis does not appear to be workingI take a look at when the US dollar Index broke below its uptrend back in the middle of August - the break was not sustained. I talk about what I do next when it appears my analysis is not working. The Society of Technical Analysts' next course starts in October. Those wishing to learn more about technical analysis can take a look at the Route to Diploma - Society of Technical Analysts, www.technicalanalysts.com 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.
ICEUS:DX1!
by The_STA