Dollarlong
Dollar index h4 inverted head and shoulder Hi
This is the dolar index where we can clearly observe an inverted head and shoulder pattern and we have some chances of this pattern appearance.
Please comment me your ideas
Dorod
Inja ye inverted head and shoulder ro darim ke neshuneye buy hast
Lotfan nazar bedid
Mamnunam
Getting some fuel for the final push | DXY Market Outlook 1-1-21People getting trapped by their own greed and FOMO on a Dollar rising, which hasn't come yet. It happened last week and will happen again now.
I want to make it clear enough here. If we want to see DXY outperforming other G10 currencies we will have to wait until a bullish wave sequence 1-5. At this point, it seems the only thing that would be convincing enough to signal a new cycle. Yet, we need to be a little bit more patient. We have to follow the trend; a method that never goes bad. Do not get trapped in corrections.
DXY is now ending its 5 wave bearish movement as is seen in the chart. That means that we should start checking the charts for any ending diagonals or any reversal patterns in general. Some fibo levels are used here to indicate some theoretical crucial levels where we could see reversal happening. If none holds the price, then 88.200 is our final level. If that breaks too, don't expect a strong dollar anytime soon, unless some very very strong economic events take place.
Hope you liked this analysis! If you did, you can leave a like to support my effort and time!
USDOLLAR / DXY (monthly) : Faking below yearly low?30 yr yield is already making lower lows since March 2019 (signaling risk). Shouldn't DXY be negatively correlated to it?
DXY has recently dipped below a yearly low to collect liquidity. It's also an exit for trapped sellers from Jan 2018 low (blue box).
Watch out for a rally on monthly charts for DXY!
DXY up => risk OFF => Crash in stock market.
Let's see how this plays out.
looking for the break on usdcad.good morning traders i am looking to try trade a pivot point on the usdcad. i am looking yo be one of the first buyers on usdcad and i would really like for a clear bull push to the up side from the long standing demand zone we are currently in and i am going to be going long and i will be treating this trade as a swing trade so it may take a week or two to play out. also the market stimulus is that the dollar is going ti be covering very soon.
Be sure to use correct risk management and only trade with money you can afford to lose.
I am looking forward to your thoughts on this trade.
DXY similar patternsFor those interested in similar patterns playing out in the market, here's a look at the DXY. If it continues to play out, then it suggests higher highs incoming.
USD/TRY Short term levelEven though financing rates against Lira are quite painful, we believe it will take a day to complete this. Last time we spotted the move down even though we got stopped.
Entry: 5.875
Stop: 5.835
Target: 5.93
Have a nice week! Follow for more.
USD/SEK Upward MoveUSD/SEK changes the trend starting from this week and goes for the eye!
Follow for more.
Entry: 9.37
Stop-Loss: 9.27
Target: 9.55
Have a nice week!
USD/MXN change of trendsUSD turns the tables and starts to beat developing country currencies. My target is for the main trend, if you wish, you can take your first profit at the level in 19.07.
Follow to hear more.
Entry: 18.895
Stop: 18.75
Target: 19.25
Have a nice week!
