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U.S. Dollar Index Futures

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DX1! trade ideas

USD to drop a bit more, and create ripplesThe week ended a little confused, post NFP and other announcements. The only slight clarity here is that over the next week (or few weeks), we should see the USD dropping a bit more, breaking down both support lines, for a few days. IF "lucky", the USD futures should reach target at 99, even for a day or two. Now, this comes with a bit of a stretch with volatility in the other parts of the market too, affecting commodities, indexes, forex etc. Later analysis posts, is based on the background scenario in an increased likelihood of a USD decline.
ICEUS:DX1!
by Auguraltrader
Dollar Index with very bullish patternsHey traders! Seems like since few days we have nice accumulation patterns on Dollar Index. Sellers loosing power in last two days and buyers taking slowly control. Very strong buying waves on the last highs give extremely bullish patterns. Trading around upper channel line is giving information that buyers try to go high buy still they absorb short selling. the dollar index is weighted by the euro in 57%, so if the breakout accrued on this chart EURUSD should be traded short. Indicators used to market analyses: Wyckoff Wave Chart Wyckoff Wave Volume Wyckoff Wave Trend
ICEUS:DX1!Long
by VolumeDayTrader
1
DXY (Long) - Temporary bottom for the dollar The dollar has fallen significantly on the back of falling interest rates and the bank crisis Currently sitting at a crucial support going back several years My thesis is a temporary bounce up to the 50SMA on the weekly Bullish engulfing candle on the daily suggesting a temporary reversal The yields on bond have also slightly reversed, hitting a 50SMA on the weekly; yields and the dollar collerate This strategy could be also used for any of the USD pairs of your choice, whichever one shows the more strength relative to the dollar It is a short-term trade with very good risk/reward I would use the support line as a stop-loss Follow me for more analysis & Feel free to ask any questions you have, I am happy to help If you like my content, Please leave a like, comment or a donation , it motivates me to keep producing ideas, thank you :)
ICEUS:DX1!Long
by jurajholik
Gold trade4.14.23 There was a good short trade on gold today that I missed because I was preoccupied with other things.... but the reversals are always the same way with slight variation....So it's worth Going over that market even if you didn't actually trade It because I'll show you all the tools and relationships that you want to look for that are on the chart to help you see what a reversal looks like. I had to Go back to the Dxy to emphasize why you needed to stick with a long trade even when the market looked like it might trade lower. It is very important to understand how the market can spook you out of a good trade When Gut feelings Will give you the wrong trade decision Unless you are tuned in to what the primary behavior of this market is. The detail in the video will be more clear.
ICEUS:DX1!
by ScottBogatin
How I find trade location part 24.14.23 I'm going to add a couple caveats to this second part: I focused on a market that was trending lower and coming to an area where I wanted to be a buyer to open a trade. It is my favorite trade without a doubt. there are other times when a market isn't really Overbought or oversold but it may be trending and it's doing retest where you would look for the market To find another trade... and that market is more orderly and it's not necessarily overbought or over sold. Some markets Are ranging and that's a different kind of market that you can trade. Support resistance lines, Gaps, Retest of gaps, failure to retest the gap,,, Looking for buying gaps and selling gaps It's about market behavior and market dynamics, And they can help you develop a better feel of the market if you work with it and test it and then decide what makes you comfortable and what you can live with. I am a discretionary Trader who relies on market behavior with a high probability and a small stop. if I see no potential target of significance because of impediments for the market to move in the direction that I'm Trading. I can't take the trade. if I see that it needs a large stop I never take that trade, I will let it go because it's not my kind of trade.... and I absolutely do not lose sleep over it.
ICEUS:DX1!
by ScottBogatin
dxy 4-14-23gm, i called both the bottom in 2021, and the top last year on the dxy (view posts at the bottom of this thread). very few people heard my voice - swinging by into the public communities to share this very general post today. --- dxy came down in 5 waves from my upside target, seemingly. possible w5 isn't in yet as it could see a slight extension - also possible that it is. --- once 5 waves down is indeed confirmed, a three wave retracement will take place, with force. when this retracement takes place, the markets will take a beating. nfa. --- ------ --------- PS. if the dxy see's an extension for this last leg, the bear market will get extended by 365 days. --------- ------ --- ✌
ICEUS:DX1!
by Eloquent