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U.S. Dollar Index Futures

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DX1! trade ideas

US Dollar Above $100!The US Dollar continues to gain strength and has been in a consistent rise since June 2021, where we have seen price climb 13.06%. Note that price is still inside a long-term area of consolidation that has lasted since January 2017, between a high of 103.96 and a low of 88.15. As this is a wide area of consolidation, price has enough room to form a trend that is currently in play and moving strong, especially for this month. Price is now trading above the $100 round number and moving towards the consolidation resistance level at 88.15. If we have a breakout of the resistance level, we should see a big trend unfold because the larger the area of consolidation, the bigger the move in the direction of the breakout. Patience for now. If price breaks out, we will likely see other forex pairs form strong trends. If you like enjoyed this post, make sure to like, and follow for more quality content! If you have any questions or comments, comment below. We reply to every comment! See below for more information on our trading techniques. As always, keep it simple, keep it Sublime.
ICEUS:DX1!Long
by Sublime_Trading
Don’t shoot the messenger!While there has been much commentary about the US Dollar Index hitting 100.00, we note two things from a technical perspective – the first is a shooting star pattern on the candlestick charts and the second is that the daily RSI has yet to confirm the recent high. This happens when price makes a new high, but the oscillator does not – it is otherwise known as bearish divergence. It generally denotes a loss of upside momentum. The shooting star however is a bit more serious this is a bearish reversal candlestick pattern that typically occurs at the top of uptrends. I would suggest tightening the stops in this one as I suspect that we are going to see some profit taking…. A shooting star is created when the open, low, and close are roughly the same price. Also, there is a long upper shadow, generally defined as at least twice the length of the real body. Disclaimer: The information posted on Trading View is for informative purposes and is not intended to constitute advice in any form, including but not limited to investment, accounting, tax, legal or regulatory advice. The information therefore has no regard to the specific investment objectives, financial situation or particular needs of any specific recipient. Opinions expressed are our current opinions as of the date appearing on Trading View only. All illustrations, forecasts or hypothetical data are for illustrative purposes only. The Society of Technical Analysts Ltd does not make representation that the information provided is appropriate for use in all jurisdictions or by all Investors or other potential Investors. Parties are therefore responsible for compliance with applicable local laws and regulations. The Society of Technical Analysts will not be held liable for any loss or damage resulting directly or indirectly from the use of any information on this site.
ICEUS:DX1!
by The_STA
Elliott Wave View: Dollar Index (DXY) Resumes HigherShort Term outlook in Dollar Index (DXY) suggests the decline from March 7, 2022 peak ended in wave (4) at 97.68. Internal subdivision of wave (4) unfolded as a zigzag Elliott Wave structure. Down from March 7 peak, wave A ended at 97.71 and rally in wave B ended at 99.37. The Index then resumed lower in wave C towards 97.68 which completed wave (4) in higher degree. The Dollar has turned higher in wave (5). Internal subdivision of wave (5) is in progress as a 5 waves impulse. Up from wave (4), wave (i) ended at 98.36 and pulllback in wave (ii) ended at 97.9. Index then resumes higher in wave (iii) to 99.08. Expect Index to pullback in wave (iv) and then extend higher again one more leg in wave (v) before it completes wave ((i)). Afterwards, expect a wave ((ii)) pullback to correct the rally from wave (4) low on March 30 before the Index resumes higher again. Near term, as far as March 30 low pivot at 97.68 stays intact, expect dips to find support in the sequence of 3, 7, or 11 swing for further upside.
ICEUS:DX1!
by Elliottwave-Forecast
DX1! Weekly Market Update, 3/28Indicated areas of support (green) and areas of resistance (red) are ascending (rising) and descending (falling). These areas indicated suggest support / resistance for the week of March 28 and either rise or fall based on their channel structure ascending or descending. Please check back for any mid-week updates. You can also follow me on my social networks and my website, all links are located below. Wishing you a profitable week ahead! Anthony Speciale
ICEUS:DX1!
by SpecialeAnalysis
DX1! - Weekly Update, 3/21Indicated areas of support (green) and areas of resistance (red) are ascending (rising) and descending (falling). These areas indicated suggest support / resistance for the week of March 21 and either rise or fall based on their channel structure ascending or descending. Please check back for any mid-week updates. You can also follow me on my social networks and my website, all links are located below. Wishing you a profitable week ahead! Anthony Speciale
ICEUS:DX1!
by SpecialeAnalysis
Symmetrical Triangle Forming UpNearing a multi year symmetrical triangle monthly resistance level, if we see a bull push over the next week I suspect by the FOMC meeting, the scale of probability will significantly increase for bullish continuation. However, if the current hourly trend turns bearish, the likelyhood that symmetrical triangle resistance level has been verified increases and will continue to increase as more time frames follow; with significant downside. Allocate appropriately and respect the trends, disregard the fud, and good luck!! -RSI neutral -MACD bearish
ICEUS:DX1!
by ashkonnn
DX1! - Weekly Market Update, 3/14Indicated areas of support (green) and areas of resistance (red) are ascending (rising) and descending (falling). These areas indicated suggested support / resistance for Monday, 3/13/22 and either rise or fall based on their channel structure ascending or descending. Please check back for any mid-week updates. You can also follow me on my social networks and my website, all links are located below. Wishing you a profitable week ahead! Anthony Speciale
ICEUS:DX1!
by SpecialeAnalysis
DX1! COMING INTO YEARLY RESISTANCE ZONESO it has been awhile since I have posted on here. But I figured this could be of some value since it has been a long time since the dollar index has come into this "danger zone" so to call. The nice thing with trading is it's only dangerous if we don't know how to approach the markets. As traders we are the ones that determine our results. Keep an eye on the dollar index as it comes into multi-year resistance. With the future plans the FED has with continuing to raise interest rates along with a strong previous week of buyer price action, I don't necessarily believe this is coming down this week but keep an eye on for the future to what the dollar does as usually the banks, government, etc. use these levels to determine economic decisions they make. 2 options here. 1st option is that the dollar continues this recent strength up into the top of this zone around the 103 price handle. Then we would have to see what price does from there. 2nd option is that price can react once again in this zone and start a bearish run for the US dollar. Keep an eye out and lets see how the FED rules the dollar and how the technicals play out! Cheers! @JosePips
ICEUS:DX1!
by JosePips