Plan A or Plan B on this index?Hello, my dear friends and fellow traders.
What we are going to look at today is the US dollar index. When looking at the daily chart this is a good setup for the price of this index to go up. if we see if this index can be taken long position, according to the daily time scale in this index, it is at the lower side. Very dangerous one to take a long position. But it has the potential to go up.
So, keep the trailing stop small in this. If you take it for a long time, there is a 1:2 RR chance of giving it. Also, it has a 1:8 chance of giving a good move to go up.
However, due to the current opposition, there are chances to stop this rally. So, the first profit target in this should be 1:2. Then if you want you can keep 1:8 but it depends on the system.
Till then wishing you a good luck on this strategy. See you in my next post.
It is wise to follow your risk management before taking entry.
I love to share my ideas. Feel free to revise the text and provide feedback. It makes it so personal and improve us in better ways.
CAPITALCOM:DXY
Thanks & regards,
Alpha Trading Station
Disclaimer: This view is for educational purpose only & any stock mentioned here should not be taken as a trading/investing advice. We may or may not have position in the stocks mentioned here. Please consult your financial advisor before investing. Because Price is the "King of Market".
Dxylong
DXY Weekly - We Are Expecting an UP MOVE!Hey Traders, this is DXY Weekly chart, we are expecting DXY to correct upwards
We will ignore the sell setups and we will focus on the buy setups only.
P.S. Jumping in without using stop loss or risking big or following anyone blindly leads to big losses, never do that.
If you want us to post more charts, setups and explain more about the next move, make sure to follow us, like and comment.
What we are sharing here is only our point of view on what could be the next move in the market based on our wave analysis concept so this is a directional bias and not signals...
DO NOT FORGET "We Trade Waves" 4 GOLDEN RULES:
1) Do not over-risk
2) Do not over-trade
3) Do not trade without stop loss
4) Never ever add to losing position
DISCLAIMER: We Trade Waves is not a signal service. Instead, it involves sharing our perspective and detailed analysis based on our unique wave analysis concept. We cannot be held responsible for any financial gain or loss that may result from following our analysis.
Trade with care
We Trade Waves Team
DXY Rate hike sparks fresh bears,17/1000, 12/1/2023Now! Short this market, you will get unimaginable profits! YOLO
DXY has been falling, causing a general uptick in all secondary markets right now
Has the dollar achieved its goal of cutting inflation? No!
Traders' hopes for a return to the bull market in the secondary market run counter to the Fed's control plan
SPX's breakthrough on the S line has already reflected the overly optimistic sentiment in the secondary market
Today's CPI may cause a new high in the US dollar rate hike, the short position in the secondary market is not over yet, and the price rebound is difficult to continue
DXY, Reversal in the makingDXY has been tanking recently due to less then expected NFP news. We can see a trendline being respected since June 2021 which we are correctively moving down in a descending channel to indicate a potential reversal is coming.
Look for buy opportunities only if all your entry criteria is met.
Follow your trading plan.
Thanks
Trade Safe
DXY| Sellers Took Control Again Hi Tradingview Family,
Shaquan here. Today I noticed the Dollar Index(DXY, USDX) made a new low. What this tells me is the sellers still have control and it's time to look for another selling opportunity on USDCHF while buying EURUSD.
I'll be going live on Trading-view at 8:00 pm EST. tonight to cover the in detailed analysis while sharing with you the 10 tools I use to analyze my price chart.
My prayer is you find these tools Trading view provides to be beneficial to you.
Follow your trading plan and update to the new price movement.
-Shaquan
DXY/Dollar Analysis and Trade Idea 2nd week 2023Possibility:
Price is into strong support zone 103.00 -103.911 so dollar will face two scenario
First : if can price continue downtrend and can break and stable under 103.00 the direction will be downtrend and price will try to reach 101.976 , 101.252 and 100.406 so the commodities, pairs against Dollar and indices will go up
Second : if can not stable under 102.953 and price rise up the price will retest again to 104.573 , 105.136 , 106.076 so the commodities and pairs against dollar and indices will back off
support line :102.953 , 101.976 , 101.252
resistance line : 104.573 , 105.136 , 106.076
Dollar Index (DXY) still in uptrendsAccording to the DXY market chart, the uptrend continues, as it has since 1981. According to the GDP growth data of 1980 to 1982. GDP was negative for six of the 12 quarters. The worst was Q2 1980 at -8.0%.24 Unemployment rose to 10.8% in November and December 1982. It was above 10% for 10 months.
From 2020 to 2022, the GDP was negative for four of the eleven quarters. Q4 of 2022 is pending, but the overall GDP situation is the same; the rate hikes are higher to combat inflation. In 2020, unemployment during the COVID period was 14%, but overall after COVID, it was around 3.7%.
The market structure of DXY says the recent decline of DXY is a market uptrend signal. The support level is from December 1981 and the resistance is the same as in August 1981.
King Dollar trying to wake up after a 10% correction from highsThe Dollar has been in a steady decline since topping out in October, however, the looks of that decline could be finally turning.
Bulls are trying to show some signs of life down here to kick off the new year.
Currently holding a long position for a trade looking for higher.
BACK the $$DOLLAR hedge against the BRICSWith Croatia becoming the latest addition to the BRICS
as of yesterday , 2023 isn't looking like much of a thing to celebrate for the Dollar.
it reminds me of my ex-girlfriend after i finally was done with all her prison like rules over the years.
did i enjoy part of our relationship, yeah maybe? ,but was it fair to me? absolutely f*n not. so here we are!
disgruntled, angry , and of-course we decided we needed something new.
Russia being the biggest instigator ,in collusion with China just like my 2 best friends , Roman and Charles their zeal to get me out of
my previous hell was met with charming delight. brazil ,india the supportive friends adding up my gang of 5 with south africa being the guy who
always comes late but makes us order a beer for them each time.
Creation of new BRICS recognizable currency will indeed cripple the dollar dominance its had over the global sphere the last 20-30 years.
power dynamics at play here ,these nations want some power back to themselves just like i did when my ex-D had me by the ropes ,especially with Taiwan-China relations and as well as Russia-Ukraine war during the course of last year , the need for control has escalated and these super powers feel the need to exercise their influence to gain more strategic overhead .
What these super powers don't know is that the US who in this case would be my ex-D , has so many options and you could argue that i have them too but her options weigh far much better than mine, i mean she's a damsel ,who would resist her in her favorite green dress. her control has spread to all parts of my brain , she fed me , protected me ,gave me all i wanted only problem is ,she took more than she gave and that right there is where we might find the problem , i trust her with my life ,heck everybody i know does too .
with inflation at peak , CPI will be most certainly be cut , she's so attractive she will have to be supported during this tough break up we in , ''recession'' it's called .
stimulation will be at a max and she will raise from the asses that am sure of, strong and independent she is.
buy D ,bye D shit i might have drunk alot