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Mini US Dollar Index® Futures

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SDX1! trade ideas

Will the Dollar continue its ascend?The United States Dollar extend towards the upside from the low towards the minor resistance level at 102.75. It will be difficult for the Dollar to have a confirmation breakout of the key resistance level at 103.225 if price were to continue its upside movement without any form of retracement or consolidation. Expect the Dollar to trade within the 102.75 region, neutral zone at between 101.48 to 102.1 and bearish when price were to breakout of 101.48 support region.
ICEUS:DX1!
by TrainingTrader
DOLLAR RETRACE TO 103+ ON FOMC & NFP VOLATILITY ?COT: Dollar has weakened significantly since mid NOV-22 Driven by institutional selling of long contracts since begin Q4-22 Assisted by accumulation of short contracts sinds JAN-23 Outlook for Q1-23 remains sideways to down Next downside level is 99.60 FOMC & NFP: Before another drop below 100 big figure a retrace is likely 103+ will likely be mitigated in FEB 103 = mitigation level = GAP resistance = sell VWAP Begin FEB is pivotal week(s) with FOMC & NFP FOMC and/or NFP volatility will likely facilitate the retrace OUTLOOK: Will be monitoring price behaviour between 103.00 - 103.25 Looking for change of behaviour on the lower timeframe (wicks into mitigation-level) Anticipating a swing lower from 103+ to 100- after mitigation This will offer buy setups in the MAJORS, with a preference for commodity CCY's
ICEUS:DX1!Short
by xtrader1
1
Bobby's Homework Assignment1.23.23 Dollar on the Futures market: The dollar is at the support area. There is a battle between buyers and sellers at this area. This is also A double bottom. This might imply that the market is going to go higher since it is at a double bottom. This is not necessarily true. I spent some time on ABCD patterns. I am guessing that these patterns are probably used more to find targets comma as opposed to finding reversals. Maybe confusing if you have not thought about it in the past. The problem with using ABCD patterns as reversal patterns Is that this process can be much less reliable...especially when you were looking at very long-range projections. There will be plenty of examples to clarify this issue. In general, Start using the line tools to get used to them. Start thinking about support/ resistance Lines. Get used to the drawing tools, and then the nuances fall into place.
ICEUS:DX1!
by ScottBogatin
1
DOLLAR TRADES AT KEY SUPPORT LEVELThe United States Dollar Index broke out of the short term support region and fell to 101.785 region as per what we have analyzed in the previous week. We can see that momentum is extended from the initial reversal from the 105.575 resistance region all the way to 102.77 where the Dollar then trading in a lower time frame consolidation. Price fail to push higher when the previous support (now resistance) at 103.225 turns price away. Extending out the view on the Dollar, we can see that price is now at key support area, Any indication of reversal or reversal confirmations may give Dollar its needed retracement.
ICEUS:DX1!
by TrainingTrader