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U.S. Dollar Index FuturesUU

U.S. Dollar Index Futures

100.470USDD
−0.200−0.20%
As of today at 05:25 GMT
USD
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DX1! trade ideas

Dollar analysisLast week I got a lot of emails regarding buying Dollar. Guys, it is not time yet. We have a good setup in this market – commercials are long, the evaluation index shows the dollar is undervalued, but time matters a lot in this business. We have to get price action confirmation. I would like to see ‘wash-out low’ before a rally starts. Besides, we have a clear trendline on the daily chart, and breaking above it is what we are waiting for. The most conservative traders can look for breakout and successful trendline retest before taking a trade. We have a good setup for a potential big rally, but patience is a must.
ICEUS:DX1!Long
by UnknownUnicorn1156963
Dollar Index analysisThe chart is end-of-day, so updated at the close of December 31. Today, at least for the moment, the dollar is recovering almost all the loss from the last session. At 7:10 (CET) the futures contract price is $96.37 with today's high of $96.43. It, therefore, seems to want to rebound on the bearish channel's support trendline. To try to reverse the bearish trend, it will be essential to go back above $96.50 and then above $97.00/97.25. In this sense, we will have a general drop in raw materials but nothing alarming, especially grains and soft that had a bullish final part of 2019, and a rise in the dollar would coincide with a physiological bounce. However, as long as the price remains within the channel, the trend will be bearish (waiting for the next FOMC meeting).
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by TradingwDavid
ENTRY - 2 WEEKS ONLY TO ANALYSE DX1! - US DOLLAR - DAILYThank you for your likes! Please share to benefit our community! Very appreciated! __________________________________________________________________ Historical trend tell us that at the moment the DX1! US DOLLAR INDEX FUTURE is evolving above his past long range and might return to it from next month. The probability is increased when we see that there is a pressurized triangle shape with a strong resistance and an uptrend support which can be broken because of its angle. Keep in mind that the market has top and bottom pic s which are still strongly in the memory of the investors. What to do ? - 2 weeks to analyse the market - Prepare to enter in 2 weeks or 3 ready to make profits. Probability: - Higher probability to observe a market reversal trend - Market have still chances to break the resistance line. If this case happen, wait for the uptrend to vanish to enter short. Short entry stays still more interesting.
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by Diallo_Charts_Ideas
Bullish on the US Dollar FutureWe can see that there is a clear range illustrated by the market . The top and bottom blue lines are the new support and resistance. We have two clear reasons to see that the possibilities for the market going bullish increasing significantly : -The formation of the candlesticks on the support line, taping the line to rebound . -Combined with the strong volume bigger than all of the other ones before. Go bullish for the moment, we are in the middle of the range. Take decision after new analysis when the resistance is reached. Possibilities: -Pullback down again (Stay in the range) -Strong break but return into the same range (To get rid of all buyers) -Strong break with volumes and the formation of the right candle stick afterwards for a new long entry. - Beware of the support line which still stays another possibility if it keeps ranging Timing: - If already in the market in the long direction exit at the top blue line or the next red candlestick. - Strong probability to see the top level reached: beginning of next week.
ILong
by Diallo_Charts_Ideas
DX what to do with my cashThis may be the most important chart for me in the big picture sense because I will use it's cues to help me decide if my dollars are safe or if I need to protect against inflation now. This chart shows the dollar is either going to pop or drop, hell maybe both(we already had one fakeout to the upside). My feeling is that we are first in for a major deflationary cycle where asset prices will plummet across the board due to lack of demand. No amount of money printing can change that.....or can it? I guess I could also see stocks blasting off due to massive inflation that is occurring. But I think this phase of "maybe we're out of this pandemic soon" is going to come to an end when we start to see the widespread insolvency that is going to occur due to 30 million people losing their jobs. The need for dollars will be insatiable to pay down dollar debt all over the world. In this case I predict prices will plummet and the dollar will rise even as the Fed prints infinite money to counteract it. That's where my money is for now, long dollars.
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by fallingumbrellaman
DX1! US Dollar Futures at Supply + Cypher patternUS Dollar futures at Supply + Cypher pattern + RSI overbought = Supports a short term EURUSD rally (See Shark Post) The FXCM Dollar Index is lagging the futures (arbitrage CFD vs. Futures?) as it has not reached the supply level that is present on the Futures chart Does not surprise me as CFD's are based on futures and are not the same animal i put more faith in futures as they are exchange traded and represent exchange regulated contracts, so have a little more confidence in my EURUSD long trade just a small confirmation that the trade is agreeing with the USD
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by dionvuletich
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