A DXY is showing a big Opportunity to buyWe have a big consolidation wich have a power to impulse the price up 112 points.
About U.S. Dollar Index Futures
The US Dollar Index (USDX, DXY) is an index (or measure) of the value of the United States dollar relative to a basket of foreign currencies, often referred to as a basket of US trade partners' currencies.
BULLISH DOLLARS MEANS TROUBLE FOR OPPOSING CURRENCIESLong term/Semi-marco:All major time frames are indicating that the dollar is very strong and trading against it will definitely be unwise especially when there's fundamental backings.
any currency trading against the dollar is in trouble.
PAIR TREND
12MONTHS=====> BULLISH
6MONTHS =====>BULLISH
3MON
Swing trade shorts for USD index (DXY)A potential swing trade short has presented itself on the daily chart.
DXY failed to closed above 103 and formed an inverted hammer on the daily chart, and its upper wick met resistance at the 38.2% Fibonacci level. Daily trading volumes also declined whilst prices rose gradually, against the prio
$DXY Weekly OverviewDirectional Bias: Bearish
Narrative
- The initial forecast i did for DXY played out well last week() with volatility coming into the market to push prices lower. I am still bearish on the dollar
- We traded below previous months low, and this is where i would like to pause to get new context to go
US DollarImo this is a very big level for the dollar going back decades. But more recently it marked the high in 2017 and again in 2020. I think we get a large move off this level in the coming weeks due to the 9 ema crossing the 21 ema last week. Price is also consolidating between VWAPs from 2020 lows & 20
Dollar Index Could Be Topping HereThe DX price is right in a resistance zone as noted with the rectangle and also with the two price tops circled in black. We also have a spiking weekly candle.
To increase the odds, it would be good for DX to close down below 103.80 tomorrow, Friday, February 9, 2024. The current price is 104.01.
Accumulation before the level, free zone after the levelAccumulation before the level, free zone after the level
Sharp corrective pattern? DXY becoming strongerDear Friends,
I hope this message finds you well and that you're having a great start to the week. I wish you success in your business endeavors.
As someone interested in the Elliott Wave principle, I find it a valuable tool for analyzing the market. I have developed my approach by combining this
U.S. Dollar Index confirms inverted H&S bottomWe may be entering a strong period for the U.S. Dollar. Price charts favor the USD with the Eurocurrency, Canadian Dollars, British Pounds, Aussie $, SIngapore $ and others.
NFP SPECULATIONI'm overall bullish on dollar index. A small manipulation to the downside and then sudden pump up. Educational purposes only. trading consists of huge losses so trade with stop loss.
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Buying or selling futures contracts depends on many factors: season, underlying commodity, your own trading strategy. So mostly it's up to you, but if you look for some certain calculations to take into account, you can study technical analysis for U.S. Dollar Index Futures. Today its technical rating is buy, but remember that market conditions change all the time, so it's always crucial to do your own research. See more of U.S. Dollar Index Futures technicals for a more comprehensive analysis.
The current price of U.S. Dollar Index Futures is 105.995 USD — it has risen 0.01% in the past 24 hours.
The volume of U.S. Dollar Index Futures is 15.82 K.