DX1! trade ideas
DX analysisHi friends
the graph of this index shows that there is a very strong probability that it will experience an uptrend up to the level of 100.495
in the next few days
for more information please contact me on
youssef.lyazidi5@gmail.com
Dollar index rises from daily chart supportThe complex dollar index has recently risen from the daily chart support level. Not only that, in 1H, the US dollar index completed the bottom of the W pattern and broke upwards to the horizontal resistance level of 99.60. It is expected to move towards 100.30 first.
ENTRY - 2 WEEKS ONLY TO ANALYSE DX1! - US DOLLAR - DAILYThank you for your likes! Please share to benefit our community! Very appreciated!
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Historical trend tell us that at the moment the DX1! US DOLLAR INDEX FUTURE is evolving above his past long range and might return to it from next month.
The probability is increased when we see that there is a pressurized triangle shape with a strong resistance and an uptrend support which can be broken because of its angle.
Keep in mind that the market has top and bottom pic s which are still strongly in the memory of the investors.
What to do ?
- 2 weeks to analyse the market
- Prepare to enter in 2 weeks or 3 ready to make profits.
Probability:
- Higher probability to observe a market reversal trend
- Market have still chances to break the resistance line. If this case happen, wait for the uptrend to vanish to enter short. Short entry stays still more interesting.
the dollar index D1 is suspected of collapse. On April 24 <April 6, May 1 <April 15, the dollar index D1 is suspected of collapse. This chart was drawn half a month ago. Perhaps, it will follow the trajectory in the chart (-700 points = 92).
Bullish on the US Dollar FutureWe can see that there is a clear range illustrated by the market . The top and bottom blue lines are the new support and resistance.
We have two clear reasons to see that the possibilities for the market going bullish increasing significantly :
-The formation of the candlesticks on the support line, taping the line to rebound .
-Combined with the strong volume bigger than all of the other ones before.
Go bullish for the moment, we are in the middle of the range. Take decision after new analysis when the resistance is reached.
Possibilities:
-Pullback down again (Stay in the range)
-Strong break but return into the same range (To get rid of all buyers)
-Strong break with volumes and the formation of the right candle stick afterwards for a new long entry.
- Beware of the support line which still stays another possibility if it keeps ranging
Timing:
- If already in the market in the long direction exit at the top blue line or the next red candlestick.
- Strong probability to see the top level reached: beginning of next week.
DX what to do with my cashThis may be the most important chart for me in the big picture sense because I will use it's cues to help me decide if my dollars are safe or if I need to protect against inflation now. This chart shows the dollar is either going to pop or drop, hell maybe both(we already had one fakeout to the upside). My feeling is that we are first in for a major deflationary cycle where asset prices will plummet across the board due to lack of demand. No amount of money printing can change that.....or can it?
I guess I could also see stocks blasting off due to massive inflation that is occurring. But I think this phase of "maybe we're out of this pandemic soon" is going to come to an end when we start to see the widespread insolvency that is going to occur due to 30 million people losing their jobs. The need for dollars will be insatiable to pay down dollar debt all over the world. In this case I predict prices will plummet and the dollar will rise even as the Fed prints infinite money to counteract it. That's where my money is for now, long dollars.
Dollar Index ~ Poised for rallyMarket structure suggest USD Dollar index poised for good rally towards 110 and 115 in coming months.
El comportamiento del Indice del DolarRebote importante de un area de soporte y de vuelta al canal alciste con leve pendiente al alza
DX index 2020 year forecast by PowerfulTradersTraders we do not like to write more.
The prediction of the price you can find on chart!
Regards, Team Traders "Powerful Traders"
Dollar testing 100... and what ? Buy the dips should be higherHi Traders,
all the details recorded
Enjoy!
UD Dollar Making a Move Towards 100US #Dollar looks destined for a test of long term falling resistance at 100 and a push to rising channel resistance that began in 2018. It's reaction at that level will likely determine the longer term narrative. $USD $DXY
SMS Strategy - Long US Dollar EntryOur SMS Strategy went Long the US Dollar Index on 2/5/20. Current protective stops are 96.945 and will move up soon.
DX1! US Dollar Futures at Supply + Cypher patternUS Dollar futures at Supply + Cypher pattern + RSI overbought = Supports a short term EURUSD rally (See Shark Post)
The FXCM Dollar Index is lagging the futures (arbitrage CFD vs. Futures?) as it has not reached the supply level that is present on the Futures chart
Does not surprise me as CFD's are based on futures and are not the same animal
i put more faith in futures as they are exchange traded and represent exchange regulated contracts, so have a little more confidence in my EURUSD long trade just a small confirmation that the trade is agreeing with the USD
Dollar Index analysisThe chart is end-of-day, so updated at the close of December 31.
Today, at least for the moment, the dollar is recovering almost all the loss from the last session. At 7:10 (CET) the futures contract price is $96.37 with today's high of $96.43. It, therefore, seems to want to rebound on the bearish channel's support trendline. To try to reverse the bearish trend, it will be essential to go back above $96.50 and then above $97.00/97.25.
In this sense, we will have a general drop in raw materials but nothing alarming, especially grains and soft that had a bullish final part of 2019, and a rise in the dollar would coincide with a physiological bounce.
However, as long as the price remains within the channel, the trend will be bearish (waiting for the next FOMC meeting).
USD - Testing Rising Support for 4th timeImportant to be patient here with $USD. #Dollar has traded in this channel for 18 mos and is sitting at rising support which has been tested 4 times in that period. RSI not oversold
Bears should wait for break. Bulls should look for confirmation that channel holds. $DXY
The Dollar Is Creeping Up QuietlySince February 2018, a rally began in the Dollar Index which saw it move above the 200sma
in May of that year and continued until it reached a high of $97.53 in November 2018.
Price has been trending to the upside but it has been a slow gradual process,
moving sideways the majority of the time with the occasional breakout.
What helped and assisted price is continuing its ascent was the 200sma.
The decline in January 2019 saw price come close to the 200sma and found zonal support around
that area and continued to do so through to March 2019.
June to July 2019 also saw the 200sma being used as support and again in October to November 2019.
The 200sma has held price up for the whole of 2019 and may continue to do so as long as price can make it
through strong levels of resistance. The first area of resistance is the 3rd September 2019 high at $99.33.
Above this is the major $100 round number which price has not traded above since April 2017.
A break above this level should be followed by strong moves in forex currencies paired with the dollar.
Until this happens we will just have to stand aside and monitor the Dollar Index.
See below for more information on our trading techniques.
As always, keep it simple, keep it Sublime.
USD has more room to go upUSD's strength has been quite unexplainable due to the lower rates in the US now. Though some explain it as a safe haven move, seems investors don't mind the expensive USD to buy stocks. Currently price plays out very well the DB on the daily chart and is moving up nicely to its target. I would expect more strength for the near-term.
Short U.S. Dollar IndexLooking for Dollar Index to move towards 95.90 over the coming weeks which in turn will push Gold prices higher.
