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DXY US. Dollar Index | Down Trend Lower Lows and Lower Highs are technical patterns that are commonly used in chart analysis to identify potential downtrends in the DXY US Dollar Index. A Lower Low occurs when the price of the index reaches a new low during a given period that is lower than the previous low. This suggests that the price is continuing to trend downward. A Lower High occurs when the price of the index reaches a new high during a given period that is lower than the previous. This suggests that the price is struggling to get higher levels and may be trending downwards. These patterns can be used by traders and investors to identify potential selling opportunities or confirm existing US dollar downtrends. However, they should be used in conjunction with other forms of analysis and not relied on exclusively. Fibonacci retracement is a popular technical analysis tool used to identify potential levels of support and resistance in financial markets. The tool is based on the Fibonacci sequence and retracement levels are calculated using ratios derived from this sequence. When applied to the DXY US Dollar Index, Fibonacci retracement levels can help identify potential areas of support and resistance. For example, a common retracement level is 50%, which represents a potential area of support or resistance at the halfway point between a market's high and low. If the DXY Index is in a downtrend, a trader might look for potential buying opportunities near a Fibonacci retracement level, such as the 38.2% or 50% level, which could represent potential areas of support. Conversely, if the DXY Index is in an uptrend, a trader might look for potential selling opportunities near a Fibonacci retracement level, such as the 38.2% or 50% level, which could represent potential areas of resistance. It's worth noting that Fibonacci retracement levels should not be relied upon exclusively for making investment decisions, and should be used in conjunction with other forms of analysis and risk management techniques. Follow me for more Ideas.
TVC:DXYShort
by awaisulabdeen
JPN225 Index: Long Entry Opportunity after Touching ResistanceGreetings, fellow traders! Today, we'll take a closer look at the JPN225 index . On the four-hour timeframe, we can see that the index has recently touched its resistance level and is now retracing. This presents a potential opportunity to enter a long position in anticipation of a bullish move. My analysis suggests that the index is likely to continue its upward trend soon, providing a profitable trading opportunity. As always, we remind our readers that this view is for educational purposes only and should not be taken as trading or investing advice. We recommend consulting with a financial advisor before making any investment decisions. Remember, in trading, price is the king of the market. Thank you, and happy trading! Regards, Alpha Trading Station
BLACKBULL:JPN225Long
by AlphaTradingStation
Gold Spot (XAUUSD) Likely To Break Below Support... ($1690)Gold Spot (XAUUSD) is now testing the ~$1850 support level... This level is likely to fail. Our focus goes to cryptocurrency, Bitcoin but mainly Altcoins... We are seeing Gold, BTC, and the SPX moving in many similar ways. Here XAUUSD is testing a support level that is likely to break. On this correction/drop, we are likely to see $1690 as the final support level before more up... We have chances of seeing higher prices right away but I don't think this is how things will go. We will have a very nice/strong correction for a few months and then Gold, Cryptocurrency, Bitcoin, and the Altcoins will again move up strong. Namaste.
OANDA:XAUUSD
by MasterAnanda
7
ROKU ROKU - Where Are You? 🔍 Analysis #32/50Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. on WEEKLY: Left Chart ROKU is stuck inside a range around support and round number 50.0 so we will be looking for buy setups on lower timeframes. on DAILY: Right Chart 🏹 For the bulls to take over, we need a momentum candle close above the last major high in gray around 75.0 Meanwhile, until the buy is activated, ROKU can still trade lower till the 50 support again. 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
NASDAQ:ROKULong
by TheSignalyst
9