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U.S. Dollar Index Futures

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DX1! trade ideas

Is USD preparing to EXPLODE upwards?USD falls when there is an abundance of dollars, and rises when there is a shortage. It is an empirical fact that the world has been structurally short dollars since 2011 (really, since the GFC). And the conditions for this trend haven't changed yet. Debt-to-GDP ratios keep increasing, credit impulses are waning, and the rate of productivity growth is stagnating. The upward pressures on dollar funding continues on. The question is whether or not the dollar's fall since September 2022 is over. And there are early signs it has. We're ostensibly at the bottom of the new USD range. Generally, it appears to take about 90 days for TVC:DXY to get back to the top of the range. Which would put us at a +12% gain by summer 2024. Riding a dollar bullrun for the next year can be lucrative. Not to mention all the other correlation trades that come into play.
ICEUS:DX1!Long
by sacredprofit
THE USD TO DROP ATLEAST ANOTHER 15% BY LATE 2024The image presented shows our Elliott wave analysis on the price of the US Dollar index futures contract. We have reason to believe that we completed a 5 wave advance off of the 2008 low into the 2022 high to form primary wave one. Notice how nicely the impulsive advance is channeled utilizing the parallel channel tool in trading view. This redefines the trend as up (unless its a C wave of a running flat correction ) which means that the USDX started a cycle degree advance from the 2008 lows. We also have reason to believe that we are currently in the wave 2/B correction that started in late September 2022. The correction spoken off still has lower to go probably to the 61.8% Fibonacci retracement presented on the chart. From a time cycle perspective, we are convinced that we have most likely seen the high of the nominal 54-month wave which would be confirmed by the break of the 18-month valid trendline presented on the chart (red uptrend line of recent price action). Once we get this confirmation we can rest assured that the USDX is on its way lower to 90 or below which means another 15% decline before this market stages a healthy recovery in 2025 basis our time cycle analysis! Manage your risks accordingly Ahmed Farghaly
ICEUS:DX1!Short
by CyclicVibrations
USD is now bullishThe USD has given a couple of bullish signals and these are: 1. A higher high and breakout close of the highest close in the last 10 candles; 2. the MACD is turning up, crossed up the signal line too; 3. the VolDiv is beginning to turn upward and significantly turned up (white dot trigger); 4. The higher high and higher low pattern to bottom out of a downtrend had just happened, although a bit later than projected (points 1 to 5). Look forward to a higher high surpassing 106.62 and its a clear bull primary trend. 105.62 is the upside target. Then possibly 101 the downside target. Heads up! ps. There is something about the spike in the USD... a combination of Powell talk and the Feds raising interest rates, with a equity market panic attack. Note the imminent latter. This also affects a lot of other plays, Gold and Crude oil, for example. Crypto may be affected but Bond rates and prices definitely!
ICEUS:DX1!
by Auguraltrader
20 Reasons For Sell DXY 🔆MULTI-TIME FRAME TOP-DOWN ANALYSIS OVERVIEW☀️ 1:✨Eagle eye: The 12-month timeframe shows a clear bearish structure with the formation of a 3rd higher low (HL), indicating a continuation of the bearish move. The overall big picture is not favorable for the dollar. Last year, there was a large wick candle with a tap of the ultimate high order block. 2:📆Monthly: Currently, there is a clear bullish trend, but there is a visible consolidation (choch) on the monthly timeframe. A high volume candle at the top is followed by an inside doji and a fall in price. The price has been consolidating for the past 5 months, but there is potential for further downside towards the recent order block around 98.00, which can be a profit booking area. 3:📅Weekly: The price has confirmed a valid high and formed an internal consolidation (choch), but the low is yet to be confirmed. Based on the bigger picture, we anticipate further downside moves until the 100 area. We should hold our sell positions until the price taps the order block area at 100. A corrective move is expected once it reaches that level. 4:🕛Daily: The daily timeframe shows a bearish structure with potential for further lows. The last low is still protected, but given the bearish trend, there is a high chance that bears can push the price towards the 100 level during the current impulsive move. 😇7 Dimension analysis 🟢 analysis time frame: Daily 5: 1 Price Structure: Bearish 6: 2 Pattern Candle Chart: A window (gap) is present, which can act as a Continuation In Pattern (CIP). Additionally, a descending triangle is putting downward pressure on the price. 7: 3 Volume: Volume increases during bearish moves, indicating more selling pressure. Until the market gives a clear signal, it is not advisable to consider buying at any level. 8: 4 Momentum UNCONVENTIONAL Rsi: The market has lost momentum, but it is not yet strongly in favor of the bears. A strong rejection at the window area or resistance at the 60 level is needed for price confirmation. 9: 5 Volatility measure Bollinger bands: After a big volatile move, the price needs to calm down and may enter a period of consolidation or make a minor correction towards the 20-day moving average before continuing its downside move towards the target. 10: 6 Strength ADX: The ADX indicates a sideways trend at this point. 11: 7 Sentiment ROC: There is no strength in the sentiment ROC. ✔️ Entry Time Frame: H1 12: Entry TF Structure: After a strong bearish trend, there is a consolidation (choch) pattern forming. Upon closer observation, the daily window, extreme order block, and structure high coincide at the same point, making it a strong supply area or rejection point. We will place a sell order when a strong signal is formed. 13: Entry Move: The entry move must be impulsive. 14: Support Resistance Base: Daily window, extreme order block, structure high. 15: FIB: Trigger event done based on H1 timeframe. ☑️ Final comments: Open sell entries at the market opening, and if the price goes further up near the window, consider a second sell entry. A third sell entry can be placed if the market creates an internal Breakout-Sell (BOS) signal. 16: 💡Decision: Sell 17: 🚀Entry: Sell between 102.885 and 102.2 18: ✋Stop Loss: 103.175 19: 🎯Take Profit: 1st target at 100.5, 2nd target at 99.5 20: 😊Risk to Reward Ratio: 1:4 🕛 Expected Duration: 10 days
ICEUS:DX1!Short
by Optimum369
DXY index - long idea A stronger dollar may impact various sectors, including international trade, exports, and foreign investment. It could also influence the relative performance of other currencies and potentially reshape global financial markets. The DXY index, is poised to close the gap at the significant level of 105. This development has garnered attention from market observers and traders, as it represents a potential shift in the currency's strength. So I'm watching Waiting for 105 , and after that will we look to some crypto positions Thanks for attention
ICEUS:DX1!Long
by K_TraderX