Dxylong
2H #DXY Long - Detrended Price Oscillator AnalysisExcellent entry point here for the Dollar Index, because we can place a tight stop loss.
If the DPO crosses under 0, close your position. Bull divergence is forming on the DPO here.
See chart for Take Profits
Note that this will affect all trade pairs that have negative correlation to dollar.
Creating a bearish DOW, SP500, NASDAQ, GOLD, EURUSD, BTC, etc, etc.
Good luck.
It's not about being right or wrong it's about finding the best time to hunt and HOPE for a kill.
DXY will retrace to 108, then continue its bearish trendI told you guys, The Fe* will do their job at specific price and date. I don't know if this sounds very "conspiracy" to you. But, fibonacci retracement + time-series analysis provide an inevitable proof. So, if i don't miscalculated and their cycle doesn't change...22 November 2022 would be the key reversal point ☝️
Hopefully the cycle doesn't change, so this analysis should be correct.
TRADE WITH YOUR OWN RISK MANAGEMENT 😜
Cheers, Chartwatcher1996 a.k.a H. Haidar
East Java, 17 November 2022
Waiting for confirmation on USDJPYI posted about a month ago my idea on USDJPY and how it will go. If you want to see check Related Ideas section. We all know DXY made new high thanks to Inflation. We are waiting for to enter long term SHORT position which will be pullback to 146 - 148 area. If USDJPY could get resistance from there that will be huge confirmation to enter. Our target will be 138, 132, 125.
AUDUSDSimilar to NU. Looking for a push lower. However, seeing that it is Friday and I generally do not hold positions over the weekend, I will be closing with the profits I have.
Ideally, if the DXY is geared up to go higher, I will still check for re-entries lower on foreign pairs.
Good luck for next week.
Thanks
DXY Gonna LongDollar create hidden Bullish Divergence In Daily Time frame, So I anticipate Dollar gonna pullback.
Remember, there is no place for luck in trading - only strategy!
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Mahfuz Azim
DXY NOVEMBERGOOD MORNING TRADERS!! DXY ONE WEEK BREAKDOWN
Currently, we see the expected slowdown in the growth trend,
after more than 500 days we have a significant black weekly candle,
which may or may not get the dollar into a sideways structure,
everything depends on the next statements of the FED in December.
In the coming days, the market will either experience a slight recovery
and a retest or we will go straight to level 105
SEE YOU SOON
dxy #1dxy is at a nice turning point after a nice bearish push to end the week dxy tries to climb back up on market open
upside right now is a bit limited unless i see a break above 107.500
failing to break the daily pivot at the moment and also opening below a weekly pivot im currently looking for another bearish push down for dxy which should pump gold a bit
How did the market react to soft US inflation? Huge, unexpected moves occurred across several markets after the US inflation report for October was released last Thursday. For those that missed the news, US inflation came in softer-than-expected at 7.7% (vs. 8.0% expected, and down from 8.2% in the previous month) suggesting that the US Federal Reserve's policy tightening has started to work its magic, and they might be able to start slowing the pace of its hikes moving forward. The market is firming toward a 50-basis-points rate hike from the US Fed in November now, after four consecutive 75-basis-points rate hikes. This is a scenario that some assets have rejoiced, and others lamented.
Confidence in the US dollar, as the only buy, has finally shown signs of wavering after the inflation print. The upside potential for the US dollar may be muted moving forward but we might have to wait until we see a sustainable trend in inflation cooling. Even so, DXY experienced its worst week since March 2020, falling almost 4% against a basket of its trading partners last week. More interestingly, the DXY fell -2.1% on Thursday alone, its largest daily loss in 13 years.
The forex pair that gained the most against the US dollar was the Japanese yen, up more than 5% on the week, and now trading comfortably below 140. The pound, euro, Aussie dollar, and NZ dollar all gained between 4% and 3% at the same time.
With the weakening US dollar, gold and silver climbed 5.4% to $1,770 per ounce (3-month high) and 4.1% to $21.7 per ounce (5-month high), respectively on the weekly timeframe.
Moving in line with metals, and against the US dollar, US stocks experienced a significant rally on Thursday and Friday. Thursday’s rally was its largest in 2 years with the tech heavy Nasdaq100 surging a phenomenal 7.2%, outpacing the S&P500 and the Dow gains. The Nasdaq was supported by a cratering in the US 10-year Treasury yields, which fell 30-basis-points to 3.8%.
The dollar may enter a correctionAfter the severe selling wave that the dollar was exposed to in the middle of last week due to inflation data that came less than its predecessors, we may witness a correction of the dollar and its related currencies that may bring it back to levels of 108.
The dollar may reach the levels of 105, which is a very strong support, and it is likely that the price may bounce from this support, since the selling wave was severe and from high levels, so most likely the dollar may bounce from this support to levels of 108.
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DXY - 15 minHELLO AND WELCOME TO MY SHORT BREAKDOWN FOR DOLLAR INDEX TODAY
Today morning Dollar holds the zone about 109.9 and when we break through last week's low around the value of 110.1,
we can look higher to approximately 111, which would send the cryptocurrency market even lower today
SEE YOU SOON, VISIT MY TRADING CHANNEL :)