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DJ FXCM Index

DXY Uptrend entering its final phase.The U.S. Dollar Index (DXY) hit the first out of our two bullish targets (January 24, see chart below), and despite a minor divergence, remains well within our pattern: That is the 2nd Bullish Leg of the long-term Channel Up pattern. We are past a 1D Golden Cross with the short-term pull-back finding support on the 1D MA50 (blue trend-line). The last 1D Golden Cross was on September 20 2023 and it gave one last rally before forming a Higher High just below the 1.236 Fibonacci extension and completing a +7.85% rise from the Low. Symmetry plays a key role on this pattern, so we will pursue our final 108.500 Target whih is exactly at +7.85% from the Higher Low and marginally below the 1.236 Fib. An additional indicator that can tell us when to sell could be the 1D MACD. If it hits the Resistance Zone and then forms a Bearish with the price in decline, then consider it an early sell signal. ------------------------------------------------------------------------------- ** 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:DXYLong
by TradingShot
Dollar Index (DXY): Multiple Time Frame Analysis & Plan 💵 After a breakout of a key daily structure resistance yesterday, Dollar Index is consolidating within a horizontal range on an hourly time frame. For those, who are looking for an intraday signal to buy, a bullish violation of the resistance of the range - an hourly candle close above 105.32, will give a strong bullish confirmation. A bullish continuation will be expected at least to 105.6 level then. ❤️Please, support my work with like, thank you!❤️
TVC:DXYLong
by VasilyTrader
1
USDCNY Above the 1D MA200 and looking bullish as ever.The USDCNY pair gave us an excellent sell opportunity on October 02 2023 (see chart below), as it stayed below Resistance 1 and hit our 7.1225 Target: The price has since started to rise after hitting the bottom (Higher Lows trend-line) of the long-term Rising Wedge, and now sits above the 1D MA200 (orange trend-line), past a 1D MA50/100 Bullish Cross. We expect a slow and steady extension of this rise, targeting 7.3500 (Resistance 2). ------------------------------------------------------------------------------- ** 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
USDINR Sell opportunity to the 1D MA50The USDINR pair made a direct hit on our 82.700 Target, which we set on our last analysis (January 10, see chart below): Right now we see the price pulling back within a Channel Down. This is a standard pattern within the long-term Rising Wedge pattern, which as you see out of 7 Bearish Legs all broke below the 1D MA50 (blue trend-line) and only 1 managed to make just a hit-and-rebound. As a result we are going for a moderate sell Target at 83.100 and then we will reverse to buying, targeting Resistance 1 at 83.700. ------------------------------------------------------------------------------- ** 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
TSLA - Weekly Inflection PointDaily is winding up to an inflection point, while the weekly is getting close as well. I'm favoring the bearish break; but there is a chance for a bullish reversal- so time will tell. What I can say is that we're approaching a conclusive point in time that will send price with signifcant momentum in either direction. When I look for an inflection point I watch for consolidating momentum. In turn I watch for breaks that releases the built up energy. Previous Analysis:
NASDAQ:TSLAShort
by Mikhiavelli
EURUSD on crossroads. Bullish or Bearish?The EURUSD pair hit our 1.07250 Target of our March 27 analysis (see chart below) before the current 1-week rebound: Right now it is giving mixed signals as the latest rebound made the 1D RSI break and stay above its MA trend-line, which is a pattern it following on the February - March Bullish Leg. At the same time though, the 2024 Channel Down is intact but if the RSI break-out prevails, we expect a new (dotted) Channel Up to emerge. Obviously the pair is on critical crossroads as far as the long-term trend is concerned. Our plan is to buy on the next 1D MA50 (blue trend-line) pull-back and target 1.09815 (Resistance 1). We are only willing to take the loss if the price breaks below the Symmetrical Support Zone, and sell targeting 1.05500 (-4.00% decline from the previous Lower High, similar to the Channel's first Bearish Leg. ------------------------------------------------------------------------------- ** 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
EURUSD Bearish Megaphone. Will it break out?EURUSD is trading inside a Bearish Megaphone with the price very close to its top. This is still a sell unless it crosses over the top of the pattern. Trading Plan: 1. Sell on the current market price. 2. Buy if the price crosses over the top of the Megaphone. Targets: 1. 1.09800 (Resistance A). 2. 1.07000 (Fibonacci 0). Tips: 1. The RSI (1d) crossed over its MA trendline, which is what happened when the last Bullish Leg of the Rectangle started. Please like, follow and comment!! Notes: Past trading plan:
by TradingBrokersView
USD - my bias is still up the upsideHello fellow traders , my regular and new friends! Welcome and thanks for dropping by my post. technicals wise still healthy to go up, for majors i will be looking to go on short. Especially so watching on Nzdusd. Do check out my stream video 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:DXYLong
by Shadowing_The_Big_Boys
2
USDJPY: Your Trading Plan For Next Week 🇺🇸🇯🇵 USDJPY is currently accumulating within a narrow horizontal range on a daily. It looks like the market participants are waiting for some important fundamental data next week to decide where to push the prices. I see 2 potential scenarios. Bullish 151.70 - 152.00 is a key horizontal resistance. Its bullish breakout - a daily candle close above, will be a strong bullish signal. A bullish continuation will be anticipated at least to 153.0 level then. Bearish 150.8 - 151.3 is the support of a daily range. Its bearish breakout - a daily candle close below, will be a perfect signal to short. The first goal for the sellers will be 150.3 support. Wait for a breakout, it will give you a strong confirmation. ❤️Please, support my work with like, thank you!❤️
Long
by VasilyTrader
3
DXY Analysis before NFP(4/5/2024)In our last analysis, we had anticipated a minor correction in DXY but the correction has exceeded our expectations. Right now, because of selling pressure in DXY, the momentum has gone weak. Plus, the market is waiting for NFP/Unemployment news. So we are expecting a correction in DXY to the 103.7 zone before going up. Our technical view has been shown in the chart. If you like it then Support us by Like, Following, and Sharing. Thanks For Reading Team Fortuna -RC (Disclaimer: Published ideas and other Contents on this page are for educational purposes and do not include a financial recommendation. Trading is Risky, so before any action do your research.)
ICEUS:DXYLong
by fortunamarkets
EURUSD Heavy rejection on the 1day MA100.The EURUSD pair got rejected today exactly on the 1day MA100, touching it for the first time since March 21st. That took place very close to the Falling Resistance of the Bearish Megaphone pattern, which adds more selling pressure on it. The ssell signal will be confirmed once the 4hour RSI crosses under its MA trend line. Sell and target 1.07230 (top of Support Zone A). Previous chart: Follow us, like the idea and leave a comment below!!
Short
by TheCryptagon
1