Approaching 103.80 and downtrendline...take note..ello fellow traders , my regular and new friends!
Welcome and thanks for dropping by my post.
Usd did what it should be last week to hold and break higher.
After a week of pullback is it on track to go down again?no crystal ball here..but will watch the price action and the avalanche of high impact news coming this coming wee!
Do check out my stream video for the week to have more explanation in place.
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Usdindex
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 prior (and more aggressive) leg lower. This suggest the -day rise is corrective, hence the call for another leg lower.
Bears could fade into rallies within Tuesday's candle with a stop above and target the 102 area, near the 61.8% Fib level and high-volume node.
Usd could get some bounce,retracementHello fellow traders , my regular and new friends!
Welcome and thanks for dropping by my post.
USD broke lower from its recent range last week, hitting a potential demand zone at 102.50 with doji on daily. expecting some pullback before resumption of downtrend...
Do check out my stream video for the week to have more explanation in place.
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DXY- Pressing and pressing for a down breakLast week was relatively quiet for TVC:DXY , with the price fluctuating within the support and resistance range. However, as detailed in a previous analysis, the odds favor a downward break.
The index began the week poorly and is currently trading near confluence support once again. A break at this level, given the prolonged consolidation, is likely to accelerate losses, potentially exposing the 101 support level in the medium term.
DXY at an important crossroadsSince the beginning of the year, the USD Index has risen 5% from its lowest point to its peak. However, trading USD pairs has proven to be quite challenging due to the choppy price action and significant volatility between support and resistance levels.
Upon analyzing the chart, the upward movement appears staggered and resembles a rising wedge pattern. This suggests that it may actually be a correction of the previous leg down from 107 to 100, indicating a potential impending decline.
Confirmation for this hypothesis lies around the 103.80-104 zone. If the price breaks below this level, we should pay close attention to the next support levels, including 103, 102, and the crucial psychological and technical support at 100.
USD Index ( DXY, DX1! Fututres )... Wait & See!USD Index is in an interesting position, and could go either way. Let the market tip it's hand on Monday, and then trade USD pairs!
Check out my analysis and leave me a comment and/or feedback. I appreciate hearing from my viewers.
May profits be upon you.
USD Index (DXY, DX1!, ) Weekly Update.... BEARISHYes, I did call for bearishness in the Weekly Outlook. And yes, the USD has moved bullishly since Tuesday. However, I did state that price would move up into the fair value gap, and from there, the bears would take over.
Remember, I described an External to an Internal RUn on LQ. Price has moved from Discount to Premium prices. Currently, price is positioned to make the downward move!
I do believe price has finally started to turn over, as the FVG has been filled ... to the pip!
We should be looking to see the bearish FVG will hold, and watch for valid sell setups.
I do not trade DXY, but use it as an indicator, as I mentioned in the Outlook video. I would be looking for buys in xxxUSD pairs, and sells in USDxxx pairs. Also, Gold should continue upwards, as well as S&P, NAS, and DJ.
May profits be upon you.
DXY ( USD Index ) Weekly Outlook.... BEARISHMay profits be upon you.
DXY is now consolidating in between a bullish FVG and an bearish FVG.
But it has been bearish, with downward momentum.
I suspect it will continue this way, as price has found INTERNAL LQ in the bearish FVG, and is now seeking the EXTERNAL LQ at the lows.
I believe the low at 100.320 is the DOL (Draw On Liquidity).
Leave a comment, as I like to receive feedback from viewers!
Thank you.
May profits be upon you.
DXY 102.367 +0.02 AHEAD OF CPI THIS AFTERNOON 🐻🐻🐻HELLO TRADERS
Hope everyone is doing great a look at the calm before some Volatility in the form of some 🛑 folders from today
DXY 1H CHART
* The DXY has been range bound since the beginning of the week ahead of CPI & GDP among other releases.
* Typical price action ahead of Big news realeases.
* The US CPI might just provide that needed catalyst for some big moves as the year continues
* The DXY has been trading / ranging around 61.8% fib but other wise very neutral as we see on the 1H since Monday.
* The same can be said with the
EUR/USD 1H
AS WELL AS
GBP/USD 1H
AND THE
AUD/USD 1H
SEE ATTACHED IDEAS ON THE ABOVE PAIRS.
As the sentiment stays the same.
*** TRADING HIGH IMPACT NEWS IS HIGHLY RISK AS THE VOLITILITY IS CRAZY THIS IS NOT ADVISE TO EXCECUTE DURING THIS HIGH IMPACT NEWS***
HOPE YOU ENJOYED THIS OUT LOOK, SHARE YOURS BELOW🛑
lets see how it goes.
IF THIS IDEA ASSISTS IN ANY OR IF YOU LIKE THIS ONE
SMASH THAT LIKE BUTTON & LEAVE A COMMENT.
ALWAYS APPRECIATED
____________________________________________________________________________________________________________________
* Kindly follow your entry rules on entries & stops. |* Some of The idea's may be predictive yet are not financial advice or signals. | *Trading plans can change at anytime reactive to the market. | * Many stars must align with the plan before executing the trade, kindly follow your rules & RISK MANAGEMENT.
_____________________________________________________________________________________________________________________
| * ENTRY & SL -KINDLY FOLLOW YOUR RULES | * RISK-MANAGEMENT | *PERIOD - I TAKE MY TRADES ON A INTRA DAY SESSIONS BASIS THIS IS NOT FINACIAL ADVICE TO EXCECUTE ❤
LOVELY TRADING WEEK TO YOU!
Start C wave of 2nd wave of GoldHi guys,
After the break ascending H1 channel today (close below 2056) on #XAUUSD, we could with a better confidence say C wave was started. But we have this week 1st #Nonfarm news and based on astrogical cycles, we predict that gold could rise from 5th January (Friday) until 10-11 January.
So if the news will bad for dollar that time we would buy it until next week.
Buying level is 2005-2015 and target is 2035-2045.
Comment your opinion below,
Be successful
[Updates] USD upcoming movesHello fellow traders , my regular and new friends!
Welcome and thanks for dropping by my post.
On a yearly basis USD has been in a wide range as you can see highlighted in daily chart. Right now either this is a correction to head down to 101, OR push back up to 106.
Slightly bias for it to head down though
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The analysis shared through this channel are purely for educational and entertainment purposes only. They are by no means professional advice for individual/s to enter trades for investment or trading purposes.
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DXY BUY ON DIPS !!!HELLO TRADERS!!!
As we can see DXY has reached @ strong support zone and we are looking for retrace for testing last broken resistance area so i am expecting this support will create a short term buying opportunity so we will see these following TPs will hit our targets its just an a trade idea kindly share ur views and analysis it will help alote of new traders we appreciate your love and support
stay tuned for more updates
USD Should be seeing further downside.Hello fellow traders , my regular and new friends!
Welcome and thanks for dropping by my post.
The USD as we can see breached the recent Support and pullback on thurs.
Technically still on a downside rejecting the down channel. Unless it broke up, if not more downside for USD in coming days.
Do Like and Boost if you have learnt something and enjoyed the content, thank you!
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Disclaimers:
The analysis shared through this channel are purely for educational and entertainment purposes only. They are by no means professional advice for individual/s to enter trades for investment or trading purposes.
*********************************************************************
DXY AnalysisBased on Simple Technical Analysis ( Trendline + Support & Resistance )
Risk Disclaimer:
Please be advised that I am not telling anyone how to spend or invest their money. Take all of my analysis as my own opinion, as entertainment, and at your own risk. I assume no responsibility or liability for any errors or omissions in the content of this page, and they are for educational purposes only. Any action you take on the information in these analysis is strictly at your own risk. There is a very high degree of risk involved in trading. Past results are not indicative of future returns. Good luck :-)
Super Bullish USD - Long TermI Believe will we see a new era of economic Collapse in up coming Years. I don't know what will happen geopolitically, But you can see it has already started and happening all around the world.
The Chart tells me USD Willing to go see the last 2 decades High. if you check COT Data, The commercials already accepted that this is a solid Low for USD Index.
it's a Long-term forecast of USD index, and I know it may be nonsense. But if I want to make a decision just with Charts, I would Stay Liquid on USD for a while, I Forecast a Big crash in US Stock Markets and Indices. I Can See USD Index at 127!
Probable WW3 ? Chaos is Coming , Stay Sharp!
Disclaimer : This is just an analysis and not Financial Information. Do not Take action on this Information and Do Your Own Research.
Sincerely,
Sobhan JTN
TVC:DXY
USD Index: Breakdown before the FOMCToday's focus: USD Index
Pattern – Nill
Support – 105.00 - 104.45
Resistance – 105.10 - 105.55
Thanks for checking out today's update. Today, we have run over the USD Index, breaking down the overall price picture, levels, and patterns and incorporating moving average and RSI into the analysis.
The USD index sits in an interesting spot with the FOMC to come. Price still sits in its uptrend, and we saw a nice fightback yesterday from buyers after sellers were once again rejected below 105. price also looks to be losing some upward momentum, and the RSI is also warning us of this, with divergence forming on the RSI.
A lot could come down to the FOMC. If we see a hawkish tone, could we see a new move by buyers to test the 105.55 resistance? On the other hand, if it is more to the doveish side, the momentum warnings could come true, and we may see a new test lower by sellers.
Sorry that today's update is a touch this way or that way, but it looks like the market is waiting for some direction in the short term.
The fund's rate, projections and statement are due at 4:00 a.m. AEST Thursday morning.
Have a great day and good trading.
DXY Analysis 14Sep2023Dxy Bullish is unstoppable. With last week's analysis, we estimate that the price will approach the QM area. Here we can observe first, even though the price will be in the QM area not necessarily a reversal immediately. There is a possibility that the price will be consolidated for some time.
DXY Analysis 9Sep2023Seeing Dxy's unstoppable movement, the possibility to continue bullish next week is still quite large. Where last week was still formed New High even though in its movement the price was seen that there was fatigue marked by a fairly small candle every time bullish. There is a possibility that the price will try to bullish to the QM area.
DX1! - Dollar Index at equilibriumSo, here we have the USD Index at the Centerline at a balanced level.
What if the US$ starts go north?
I would say, markets, which are btw. also totally overbought, are tanking.
This scenario is on point with the CPI today.
Obvious or a fluke?
As always, anything can happen, even a new spike in the Indexes.
Time to Buy USD
The image above is my earlier anaylsis on DXY.
I was waiting for Price to tap into the demand/support zone which it has done and gotten a rejection, so I am expecting price to push towards 104.45.
RIsk Management is advised and put your SL below the demand/support zone
I would love to hear your thoughts 🤔 on this, so feel free to leave a comment ✍.
Please like 👍❤ this idea 💡 if you agree, and follow me for more updates ❕❕❕
DXY is eyeing 105.50In my 24th of August DXY analysis, I explained why I'm bullish USD Index and suggested buy dips around 103 support.
It worked like a charm and after a short dive to support, bulls returned with vengeance and drove the price back up to resistance.
At this moment I expect also a break above this resistance in which instance traders could expect continuation towards the next one at 104.50.
I'm looking to sell rallies for EurUsd, AudUsd, GbpUsd, and NzdUsd.
My 24th August analysis: