Get started

Dollarindex

DXYDXY Breakdown for the week of 4/16 w/ @MiFranz So as we see on the Weekly chart, We are at a VERY important Support. Click the link and zoom out and you will see the bullish flag. Also, its the re-test of the falling wedge (more to come on the daily for that). This is re-test #2 and a possible Higher Low. Also, look below at the RSI. We are either at a divergence opportunity with a double bottom or it will continue to go to the 20-25 OS (Oversold) zone. If we are looking at a double bottom and we go bullish, its a long way up to a new high. Now we look at the daily. The falling wedge is present w/ re-test AND we are at a double bottom, looks possibly Bullish. Plus the last candle to close is bullish engulfing. Now we are getting into the execution realm on the 4h and below. I have marked of in a red zone, a FVG (Fair Value gap). Friday's push caused a nice reason to pullback. I expect a bearish opening now so we will see any major bull moves probably starting Tuesday (based on Technicals)We also see the RSI rejected off the 20-25 OS zone which is an interesting sign. It was so strong, it could either go touch 70-75 and continue bearish or pullback for a HL and then go touch OB (Overbought). Off the 1h, we are now looking for entry. I would look for a very small gap up, and then the drop to go to the FVG.We see the 1h is very OB in the RSI and it needs a LH on it with the drop afterward. Im looking for bearish moves until otherwise. We can clearly see now on the 15m, the small bull move up (Opening gap), and then the drop coming afterwards (path tool)
TVC:DXY
by IndependentTradingUniversity
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
Difference - China Yuan and Offshore Yuan The Chinese yuan, also known as RMB, is the official currency of China. It is used both onshore in mainland China and offshore in international markets. The offshore yuan, also known as the CNH (Chinese yuan - Hong Kong), is the version of the yuan that is traded outside of mainland China. It is traded in offshore financial centers, such as Hong Kong, Singapore, and London. The offshore yuan is not subject to the same restrictions and regulations as the onshore yuan. The main difference between the onshore and offshore yuan is that the onshore yuan is subject to capital controls imposed by the Chinese government, while the offshore yuan is not subject to these same restrictions. This means that the offshore yuan is more freely tradable and can be used for a wider range of international transactions, such as international trade and investment, while the onshore yuan is more restricted in its use. Offshore Yuan - Standard-Size USD/Offshore RMB (CNH) Outright: 0.0001 per USD increment = 10 CNH MICRO USD/CNH FUTURES 0.0001 offshore Chinese renminbi per USD CNH Option Google search: USD/CNH Monthly Options Contract Specs - CME Group Google search Frequently Asked Questions: USD/CNH options - CME Group Disclaimer: • What presented here is not a recommendation, please consult your licensed broker. • Our mission is to create lateral thinking skills for every investor and trader, knowing when to take a calculated risk with market uncertainty and a bolder risk when opportunity arises. CME Real-time Market Data help identify trading set-ups in real-time and express my market views. If you have futures in your trading portfolio, you can check out on CME Group data plans available that suit your trading needs www.tradingview.com
Short
by konhow
DOLLAR INDEX (DXY) Potential Scenarios Explained 💵 Dollar Index is approaching a resistance line of a falling parallel channel on a daily. Depending on the reaction of the price to that, I see 2 potential scenarios. Bearish Because the index is currently trading in a bearish trend, probabilities will be higher that it will drop. To confirm that, watch a horizontal range on 1H time frame. If the price breaks and closes below its support, it will confirm the strength of bears. A bearish continuation will be expected at least to 101.5 then. Bullish The market may break the resistance of the channel. If a daily candle closes above that, it will confirm the violation. A bullish movement will be expected to 103.0 level then. Wait for a confirmation & then follow the market. ❤️Please, support my work with like, thank you!❤️
TVC:DXYShort
by VasilyTrader
6