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DJ FXCM Index

USDCHF - Short Trade IdeaThis a short trade idea I have for the USDCHF. It is pretty straight-forward. Trade back into a Weekly iFVG and SIBI then move lower from there. First target is the immediate swing low, and the second target is the older low to the left. Entry somewhere in the gap, and stoploss above the high that entered the previous SIBI. Sometimes I feel as though I should make my analysis more complicated so it can get featured, but truth be told, there is nothing useful about having a complicated analysis. In terms of technical analysis, this is as accurate and simple as it gets. And usually if a trade is wrong, there is unanticipated news or the tides have turned and a trade in the opposite direction is warranted. - R2F
Short
by Road_2_Funded
2
DXY, what is next bro?DXY analysis 1/09/24💵 Few things about it: DXY is oversold and it has 4h and daily FVG higher + It just tested the bottom of the global range (almost 2 years in consolidation), and most likely it will bounce till dFVG, On 15m and 1h time frame, DXY has an uptrend (MS( ChoCH) and BoS) until the uptrend on 1h is not broken I will not consider reversal on DXY DXY and EUR always fill their gaps on high time frames, before they move further and the next move on DXY will be final, so most likely it will keep going higher till 0.5 zone ( equilibrium) of this global range ~103.2-103.4 area Considering all of this I will expect EUR and all pairs that trade against USD will be bearish unless the uptrend on 1h is broken with DOUBLE shifts only then i will consider DXY's reversal
TVC:DXYLong
by Almenio
2
USD Last week,light news, USD bounce during mid of last weekHello fellow traders , my regular and new friends! Welcome and thanks for dropping by my post. As mentioned last week to be cautious on shorting USD , it came to play during midweek that there was a bounce. Nice. This week might see continued retracement to $102.25 area and let's see if there's more hint from this coming week's NFP for USD direction. A couple of high impact news for USD this week. Trade with care! Do check out my recorded video (in trading ideas) for the week to have more explanation in place. Do Like and Boost if you have learnt something and enjoyed the content, thank you! -- Get the right tools and an experienced Guide, you WILL navigate your way out of this "Dangerous Jungle"! -- ********************************************************************* 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. *********************************************************************
TVC:DXY
by Shadowing_The_Big_Boys
1
#Bitcoin to US Narrow Money Supply (M1) ratio 1W chart;#Bitcoin to US Narrow Money Supply (M1) ratio 1W chart; I suggest you read it to the end. This type of chart is used to understand how much Bitcoin has gained or lost in value relative to the Narrow Money Supply in the US. In the chart, the total market capitalization of Bitcoin is plotted against the US Narrow Money Supply (M1). M1 includes money in circulation (cash) and demand deposits at banks. This type of ratio can help to understand how valuable Bitcoin is in the macroeconomic environment. In a nutshell; If the chart is rising : Bitcoin is rising. If the chart is falling : The US money supply is increasing. If the US money supply increases and Bitcoin's market capitalization remains the same, then the chart will fall again. It means that Bitcoin is losing value against the US dollar. In short, we need to look more carefully at what is causing the decline. When does the US Narrow Money Supply (M1) appreciate? - Raising interest rates - Economic empowerment - Liquidity reduction The first 2 points above are not hard to guess, but let's elaborate on point 3; The FED may implement monetary tightening policies to reduce the amount of dollars in the market. In this case, the money supply may contract and the value of the dollar may rise. This is called illiquidity. To summarize; An appreciation of the US money supply often puts pressure on risky assets such as Bitcoin and can depress their prices. There are also important historical notes above the chart The white trend line is important . Because every time it comes here, we see that it experiences strong price movements with important news. Therefore, it may be necessary to follow the agenda closely when it comes to this trend line again.
CRYPTOCAP:BTC
by ugurtash
Bullish bounce?The US Dollar Index (DXY) is falling towards the pivot which has been identified as an overlap support and could bounce to the 1st resistance which acts as a pullback resistance. Pivot: 101.02 1st Support: 100.52 1st Resistance: 101.60 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary. Disclaimer: The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
TVC:DXYLong
by ICmarkets
2
S&P500 v USD since 2008. Cheap dollar guarantees stock expansionThis is a cross chart analysis between the S&P500 index (SPX) and the U.S. Dollar Index (DXY) since the 2008 Housing Crisis. Ahead of widely anticipated Fed rate cut next month, it is useful to see how the Dollar has impacted from its perspective the stock market on a multi-year basis. As you can see, the DXY has been trading within a Channel Up since the 2009 Housing Crisis bottom. At the moment it is under the Resistance of the Lower Highs trend-line (dashed) and a rate cut should apply even stronger selling pressure and keep it under. There is still some wayt to go until it hits the bottom of the Channel Up again. We believe that the stock market is at the point where it finishes the recovery phase (blue Arc) and will enter the expansion phase (green Channel Up), at the beginning of next year. As a result, a rate cut and as a matter of fact a series of rate cuts by the Fed, will do wonders on S&P500, giving investors steady long-term opportunities to buy low and sell high within a strictured Channel. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
TVC:SPX
by TradingShot
7
USDCAD Buy opportunity on extremely oversold RSIThe USDCAD pair hit both of our targets on the sell signal we gave a month ago (July 25, see chart below) as it is currently on a 4-week red candle streak: We now start switching to a bullish medium-term strategy as we get clear signals of a pending trend reversal. The price isn't only on the 0.618 Fibonacci retracement level from Support 2 but the 1D RSI also hit the oversold bottom level of the December 26 2023 Low. As you can see on this chart, every time the 1D RSI broke below the 30.00 oversold barrier in the past 12 months and reversed even a little, the USDCAD pair bottomed on the medium-term and targeted Resistance 1. Even the smaller April 14 2023 reversal (which wasn't from an oversold RSI) targeted the 0.618 retracement level. As a result, we apply a two tier buy entry, one now and the 2nd at the less likely event the price approaches Support 1 (-5.40% decline, the most it had on a 2-year basis). In both cases, our Target is 1.37500 (0.618 Fib). ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
Long
by TradingShot
EUR/USD Set for a Bearish ReversalThe EUR/USD pair is currently approaching a significant resistance zone, which is highlighted in the chart. After a strong bullish move, the price has shown signs of weakening momentum, suggesting that this resistance area could act as a reversal point. The resistance zone around 1.1200 - 1.1185 is crucial. A rejection here could lead to a significant drop toward the next support level at 1.1135, as indicated by the projected path on the chart. A possible double top pattern is forming, which is a classic reversal pattern. If the price fails to break above the resistance and forms a second top, it could signal a strong short opportunity. In conclusion, EUR/USD is showing signs of potential bearish reversal at a critical resistance zone. Traders should watch for price action confirmation and manage risk accordingly as this setup unfolds.
Short
by TopGBanks
Buy Gold (Xau/Usd) Bullish ChannelThe XAU/USD pair on the M30 timeframe presents a potential Buying opportunity due to a recent formation of well-defined Bullish Channel pattern. This suggests a shift in momentum towards the Upside in the coming Hours. Key Points: Buy Entry: Consider entering a Long position around the current price of 2511, positioned close to the breakout level. This offers an entry point near the perceived shift in momentum. Target Levels: 1st Support – 2537 2nd Support – 2551 Stop-Loss: To manage risk, place a stop-loss order below 2499. This helps limit potential losses if the price unexpectedly reverses and breaks back upwards. Your likes and comments are incredibly motivating and will encourage me to share more analysis with you. Best Regards, KABHI FOREX TRADING Thank you.
OANDA:XAUUSDLong
by KABHI_TA_TRADING
13
USDTRY Approaching the top of the Channel Up.The USDTRY pair has been trading within a 6-month Channel Up and the price is now very close to the pattern's top (Higher Highs trend-line). Technically this is were a rejection should take place to reset the market at the pattern's bottom (Higher Lows trend-line), below the 1D MA50 (blue trend-line). Our Target is 33.4000, which is just above the 0.5 Fibonacci retracement level, where the last correction bottomed. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
Short
by TradingShot
EurUsd → so bullishhello guys. let's dive into eurusd Breaking the Channel: The price has broken out of a previous channel, which suggests a potential bullish momentum continuation. This breakout is marked as a significant event that has shifted the trend. The Last High Broken: The chart indicates that the last significant high around the $1.1169 level was broken. This breakout above the previous high is a strong bullish signal, suggesting further upward potential. Internal Trendline: There’s an internal trendline within the broader trend that could act as support if the price pulls back. The price might retest this trendline before moving higher. Potential Bullish Move: After breaking the last high, the price may retrace slightly to retest the breakout level or the internal trendline, before continuing its upward move. The next potential target appears to be in the region of $1.1300, where the price may find the next significant resistance. Current Price Action: The price is currently hovering around $1.1166, slightly above the previous resistance, which now acts as support. This area will be critical in determining if the price continues its bullish trajectory or pulls back for a deeper retest. This analysis underscores a bullish outlook for the EUR/USD pair, emphasizing the importance of the broken resistance level and the potential for further gains if the trend continues. Traders should watch for a retest of the breakout level to confirm the strength of the move. ___________________________ ✓✓✓ Always do your research. ❒❒❒ If you have any questions, you can write them in the comments below, and I will answer them. ❤︎ ❤︎ ❤︎And please don't forget to support this idea with your likes and comment
Long
by melikatrader94
1
EURUSD approaches mother of all Resistances from the 2008 crisisThe EURUSD pair broke through all major medium-term Resistance levels, with the latest being the 1W MA200, but is now facing perhaps the most important Resistance of all. That is the Lower Highs trend-line, that started during the height of the 2008 U.S. Housing Crisis on July 2008. As you can see on this 1M time-frame, this Resistance is technically the top of the 19-year Falling Wedge pattern, which encompasses different cycles of foreign exchange price action, such as the 1M MA200 (orange trend-line) turning from a multi-year Support to multi-year Resistance etc. The presence of the 1M MA100 (green trend-line) adds more selling pressure to the current Resistance cluster, which had the last major long-term rejection on July 2023 and before that on February 2018 (along with the 1M MA200 that time). Ideally, the sell signal will get strengthened if the 1M RSI gets rejected on its 15-year Resistance Zone. As a result, a rejection within the multi-year Falling Wedge, will most likely see EURUSD test the Symmetrical Support Zone (blue), which only broke once during the recent 2022 Inflation Crisis. If however the price closes a 1M candle above the Lower Highs of the Wedge, we will turn bullish long-term towards the 1M MA200, aiming at around 1.2000. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
by TradingShot
1