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U.S. Dollar Index Futures

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DX1! trade ideas

DOLLAR INDEX ANALYSISIn recent weeks the Dollar Index has moved within a rectangle. If we take the analysis on a "fundamental" level, it could be an inversion rectangle. Yesterday, the Fed raised rates. In the early hours, the dollar strengthened. It was enough, however, a reading of the Economic Projections to understand that the dollar came out weakened by the meeting. Briefly, almost all data were revised downwards (compared to the previous September report). In particular, the GDP dropped from 3.1% to 3.0% for this year and from 2.5% to 2.3% in 2019. The rate hikes, forecast three times in 2019, fell to two (at the moment). So, fewer rate hikes and weakened economic conditions certainly don't help the dollar. However, we have to take into account that, right now, it's not the best time to trade. In five days it's Christmas, and most of the big investors are currently out of the markets. So, everything becomes more complicated. In the medium-term, I'm convinced that we will see a drop in the dollar but in the short-term, anything can happen. To all of you Merry Christmas and a New Year full of gains!!
ICEUS:DX1!
by TradingwDavid
Huge potential upside for the U.S dollarThis is a compliment to my analysis for Gold. As I said before , I will also post the monthly cycle analysis for both gold and the U.S dollar. I see the dollar reaching quite easily the 116 level which is the 1.618 extension on the 2M monthly . Thats a super super bullish chart. You can't make these things up . I mean you see primary bullish momentum on monthly weekly and daily . I don't understand how can someone short this thing ? I really don't know. Unless you are trading for a few days or scalping . I won't post the euro chart , but the euro/usd will soon go to par . Analysts were talking about par 1 year ago , as always timing is everything . This moment has come in my opinion now. 7-8 weeks upside for the dollar maybe test the 96-97 level , downside for the gold and then starting next year , we have to wait and see what gold can do . The past 7 years gold always rallies in the beginning of the year . It will be an interesting year. However charts don't lie and gold is in big big trouble while dollar has huge upside potential.
ICEUS:DX1!Long
by Kontoeidis1989
Dollar Index approaching a possible topMy yearly composite cycles on the Dollar Index points to a possible high around the 28th August - early September. I would suspect that price may even reach the 0.618% Fib retracement around the 98.000 level before a possible decline. The cycle suggests that price may trade lower until early December. If price does make it that high and technicals point to a possible reversal, it may be time to buy some puts! It would be interesting to see how everything plays out. Regards RigK
ICEUS:DX1!
by CycleForecast