Get started
U.S. Dollar Index FuturesU.S. Dollar Index FuturesU.S. Dollar Index Futures

U.S. Dollar Index Futures

No trades
See on Supercharts
Overview News
Ideas
Discussions Technicals Forward curve Seasonals Contracts

DX1! trade ideas

Swing trade shorts for USD index (DXY)A potential swing trade short has presented itself on the daily chart. DXY failed to closed above 103 and formed an inverted hammer on the daily chart, and its upper wick met resistance at the 38.2% Fibonacci level. Daily trading volumes also declined whilst prices rose gradually, against the prior (and more aggressive) leg lower. This suggest the -day rise is corrective, hence the call for another leg lower. Bears could fade into rallies within Tuesday's candle with a stop above and target the 102 area, near the 61.8% Fib level and high-volume node.
ICEUS:DX1!Short
by CityIndex
$DXY Weekly OverviewDirectional Bias: Bearish Narrative - The initial forecast i did for DXY played out well last week() with volatility coming into the market to push prices lower. I am still bearish on the dollar - We traded below previous months low, and this is where i would like to pause to get new context to go lower from the weekly timeframe, after the creating an expansion candle, would like to see weekly create a new FVG low to indicate further decent for the DXY - The Daily Has a bearish FVG overlapping with the Fair Value area. this is where i would like to see price continue lower from for this week. However with volatility coming into the market from Tuesday CPI, we may see price consolidate today. Targets: - Previous Weeks Low - 102.300 Medium Term Targets: - Monthly Low 101.030 - Monthly Swing Low- 100.320 - Quarterly- 99.220
ICEUS:DX1!Short
by Phronesis_Flow
US DollarImo this is a very big level for the dollar going back decades. But more recently it marked the high in 2017 and again in 2020. I think we get a large move off this level in the coming weeks due to the 9 ema crossing the 21 ema last week. Price is also consolidating between VWAPs from 2020 lows & 2022 highs which should provide for an even larger move once it breaks out of the range (this chart is futures which includes volume). Price is currently sitting above the 2017 high level and weekly 50 sma which is still technically still sloping down. This could all change in a second though so will be looking for confirmation on lower timeframes over the next few weeks. The direction of the dollar is important imo because I don't think stocks can go higher if the dollar is as well.
ICEUS:DX1!
by Essendy
Dollar Index Could Be Topping HereThe DX price is right in a resistance zone as noted with the rectangle and also with the two price tops circled in black. We also have a spiking weekly candle. To increase the odds, it would be good for DX to close down below 103.80 tomorrow, Friday, February 9, 2024. The current price is 104.01. Another confirmation of lower DX prices would be a close below the trend line. Lower DX prices would imply gold stocks,, gold, silver and other commodities going up; also, stocks often benefit from a lower dollar.
ICEUS:DX1!Short
by Bry777
Sharp corrective pattern? DXY becoming strongerDear Friends, I hope this message finds you well and that you're having a great start to the week. I wish you success in your business endeavors. As someone interested in the Elliott Wave principle, I find it a valuable tool for analyzing the market. I have developed my approach by combining this principle with my personal experience and by considering various scenarios that are likely to occur in the market. I am sharing my analysis with you, but please note that I am not providing any buy or sell signals. I aim to share my unbiased analysis with you so that you can use it as a guide to make informed decisions. In the attachment, you will find my previous analysis of the same market, so you can compare and see the differences. All the details of my analysis are clearly labeled, making it easy for you to understand (although having a basic familiarity with the Elliott Wave Principle theory will help you understand the analytical idea more easily). I have been studying the Elliott Wave principle for almost three years now. With time, my understanding of this knowledge and experience has increased. What I have achieved so far is a legacy of a genius named Ralph Nelson Elliott, and I am truly satisfied with my progress. May his soul rest in peace and his memory be cherished. Thank you for your support so far. I am grateful and will always remember your kindness. Please feel free to share your thoughts and feedback with me. I hope my analysis will be useful to you in your business journey, and I wish you all the best. Sincerely,
ICEUS:DX1!
by Mehdi_Abbasi_EWP
The USD index look set to trade to and through 104We have remained bullish the US dollar the past few weeks, and continue to suspect there are plenty of shorts to be covered as markets finally concede that fewer Fed cuts are coming this year and already priced in. The dollar has posted a strong rally YTD, and after a brief consolidation momentum is trying to turn higher with a bullish outside candle. It's not major surprise to see it is holding beneath the 200-day EMA, but it did close above the 200-day MA. And if the US delivers a strong set of flash PMI figures or PCE inflation data, we suspect the US dollar can travel to and through 105 on its way to 105.
ICEUS:DX1!Long
by CityIndex
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
DXY ( USD Index ) Weekly Outlook.... BEARISHMay profits be upon you. DXY is now consolidating in between a bullish FVG and an bearish FVG. But it has been bearish, with downward momentum. I suspect it will continue this way, as price has found INTERNAL LQ in the bearish FVG, and is now seeking the EXTERNAL LQ at the lows. I believe the low at 100.320 is the DOL (Draw On Liquidity). Leave a comment, as I like to receive feedback from viewers! Thank you. May profits be upon you.
ICEUS:DX1!Short
by RT_Money