DOLLAR INDEX Wait For Breakout! Buy!
Hello,Traders!
DOLLAR INDEX is trading in an uptrend
And the pair is currently struck in a nice range
So IF we see a bullish brekaout
Then a bullish continuation will follow
WIth the target of retestinga supply level above
Buy!
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Dollar-index
DOLLAR INDEX Will Keep Growing! Buy!
Hello,Traders!
DXY is trading in an uptrend
Ans the index is now retesting a long term rising support
Which makes me bullish and I think
That we will see a bullish rebound
And a move down
Buy!
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DXY D1 - Long SetupDXY D1
As we mentioned DXY support holding nicely from the daily correction we saw over the last few weeks. We are expecting a bullish dollar throughout the week based on recent economic events and projections.
96.500 resistance is our next target, this ties in with yearly highs (2021) and also our daily resistance, which I expect us to break over the next 4 weeks or so.
DXY - The fall of USD?? Now this may be hard to grasp in, but the technicals don't lie...
USD index has tested the support line of the upward channel, unfortunately the support wasn't capable of holding the price to it's intended direction.
The dollar index has been strong since last early, respecting the formations of higher highs and higher lows.
Seems like the bears are taking control of the market.
DXY SHORT ANALYSIS TO $82.50 (DAILY TF)This here is my short analysis for the Dollar Index all the way back down to $82.50. This here is the overall bigger direction on the Daily timeframe. My Monthly TF analysis (Posted on my TradingView profile) has led me to believe the Dollar Index will take another dive down, in order to complete the corrective structure in accordance to the Elliot Wave Theory.
So far we've seen a completion of the impulse move (Wave 1, 2 & 3) followed by a bearish wave down in 2017 which broke the bullish structure. This move down would be considered Wave A of the correction, WAVE B is also now complete the upside, so now we are expecting one final wave (Wave C) to complete the overall Elliot Wave Theory move. This predicted move is likely to play out over the next few years.
All my socials are listed on my TradingView profile. I will be catching this move on behalf of myself & my Account Management investors.
DXY D1 - Short SetupDXY D1
Expecting a bearish dollar this week is we can break below this 95.500 price, if we can manage this, we will have set a new low following the consolidation breakout low, therefore continuing this LLLH sequence, we should be well on for seeing our 94.500 retest price.
We have been following this for quite some time now and the move we are expecting still has yet to present itself, but we have still managed to bank nicely from cable/GBPUSD longs
DXY D1 - Short SetupDXY D1
We may finally see this pullback towards 94.500 after the headlines and comments from Powell and the FED yesterday, lots of volatility surrounding the event, but as per the technical rundown... Solid bearish close with a majority wick fill.
Fresh daily, and we are seeing resumed weakness, really need to break and close around 95.500 to break interim support and send us deeper south.
Short into the NEW YEAR - US DXYAs you can see we are trading in a large fractal pattern , with the STOCH RSI heavily overbought .
The USD is showing short term strength, but it is trading in a firm fractal.
I believe we will see the USD Index fall into the new year, retesting the bottom trendline of the fractal.
Furthermore, we may see the price completely fall out of the fractal. Inflation is on the rise in the USA.
This is highly positive for crypto and other currencies such as the AUD.
Thanks for reading.
DOLLAR- Time for a Correction?NFP coming up and i do not seem to agree with the 'news' :
The US Bureau of Labor Statistics (BLS) will release the September jobs report on Friday, November 5 at 12:30 GMT and as we get closer to the release time, here are the forecasts by the economists and researchers of 10 major banks regarding the upcoming employment data. Investors expect Nonfarm Payrolls to rise by 425,000 in October following the dismal print of 194,000 in September.
Dollar will most likely correct today.
the FXPROFESSOR
GBPUSD H4 - Short SetupGBPUSD H4
Another trade hitting TP comfortably, identified the area of support for reversals, then forecast a corrective relief rally target, 1.37 pinned and rejected.
Complimented by a hawkish outlook ultimately from the FED last night. Hopefully a trend setter going forward. Lets see our response to 1.36200 support.
EURGBP H4 - Long SetupEURGBP H4
Another really good opportunity here for EG longs, we sold off from 0.85080 down to around 0.84770, pulled back and then since we have seen the second wave downside.
Hopefully we can find support around this region so we can look to execute long orders back up to that 0.85 region.
See Confusion of the Dollar IndexThe dollar index is now in the vital and resistance area
We expect that if it breaks the area of 93,550, it can rise to the next resistance of 94,200.
Otherwise, it will face a decrease in demand and an increase in supply to the trendline (descending)
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