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Usdollarlong

DXY to continue bullishAnalysis DXY has been in correction since 15, Jun when another higher high was created on daily. It remains highly bullish on weekly being overbought, and with RSI above 51 on daily chart. However it showed some selling pressures on lower time frames in the past few days, with price currently just floating slightly above 104.073. From technical perspective, the 4H chart looks like a handle of a bullish cup is forming. 0.5 fib retracement was completed on 16th, June so I expect the price to continue bullish in the coming days. Intraday News There’s no red folder news for Monday, however being busy for the rest of the week. Expecting a continued. Expecting a continued correction on Monday. Liquidation Price may drop further to the previous fib 0.5 area around 103.546 before continue its bullish move. It's month end in the beginning of the week, so if buyers taking profit, price can drop fairly quickly. Support Consideration immediate support at 104.121 key support zone at 103.376 - 103.705 Resistance Consideration Resistance formed by the upper trend line of the descending triangle. Once break above, it will try the previous high at 105.788 and possible to create higher high. If break down, it will revisit the key support.
TVC:DXYLong
by mleader1
Quick DXY analysis on 15mins chartAnalysis DXY has turned bearish after getting rejected at 104.5 level on lower time frames, although remain above 54 RSI on daily. Price currently hanging around fib 0.382 since 09, June, which is also a small RBS zone. If not bounced, it can extend the move to lower historical support area 103.536. If current support is respected, price can go back up to retest 104.234, then either go further for 104.405 or drop back for 103.821. Overall trend is still very bullish, price is far away from 4H trend line. Intraday News There's red folder news for CAD and amber folder for US both of which are forecasted as weak. Liquidation price dropped without hesitation through 104.23 are which was supposed to be recent support on 15mins. There's a small gap on 17, June 103.821 area. If bear intensifies, price and drop to that level to grab some liquidity before moving up. Support Consideration mini fib support zone: 103.919 - 104.007 key support: 103.536 (103.423 - 103.619) Resistance Consideration immediate retest: 104.234 further test: 104.405, 104.5 Entry N/A SL N/A TP N/A Trade Invalidation N/A Expected Pips N/A Expected Delivery N/A Alternative Scenario N/A Similar Pairs N/A
TVC:DXYLong
by mleader1
DXY create ab=cd pattern. So BUY Now..... N.B-In this situation DXY chart create ab=cd pattern. So, Market needs seems to sell correction To Support Zone. Then market fully bullish 100.400 AND 100.850 Resistance Zone. AronnoFX will not accept any liability for loss or damage as a result of reliance on the information contained within this channel including data, quotes, charts and buy/sell signals. If you like this idea, do not forget to support with a like and follow. Traders, if you like this idea or have your own opinion about it, write in the comments. I will be glad.
TVC:DXYLong
by AronnoFx
U.S Dollar Analysis - USD/JPY & EUR/USD In this video, I breakdown why the U.S Dollar is bullish against the Japanese Yen and maintaining its strength against the Euro, as the central bank, ' The Federal Reserve", is raising interest rates aggressively in 2022 to deal with high domestic inflation. This is in contrast to the European Central Bank and Bank of Japan, which have pledged to keep interest rates low, due to low inflation expectations over the coming years. I will show you how Bond yields drive currency markets when rising yields in the U.S pay a premium over Europe and Japan when there is a divergence in monetary policy. Enjoy!
Long
by KayansMarkets
1
DXY (US-DOLLAR) testing a potential reversal-zoneHey tradomaniacs, What a wild ride today in the market.. I can just shake my head as we`ve seen a complete whipsaw with the US-Session.🙈 Yep.. its monday and the last day of the month which is often shaky, especially now ahead all these events. Looking at DXY (US-DOLLAR-INDEX) we can clearly see a re-test of a strong support-zone which is getting tested right now. The S/H/S-Breakout got faked during the london-session, which was for me a great evidence for a long. After that we`ve seen a fakeout above the secondary trendline of the head and second shoulder and so a break down with risk-on in equities.
CAPITALCOM:DXYLong
by Trading2ez
US DOLLOR INDEXThe weekly price chart below shows the U.S. Dollar Index printed a large bullish candlestick last week, after previously rejecting the support level at 12257, which closed relatively close to the high of its range. The price ended the week at its highest weekly close seen in 18 months. These are all strongly bullish signs for the greenback. The dollar was boosted by last week’s Federal Reserve release which suggested 2022 will see higher and faster rate hikes than had been widely expected. Overall, it seems clear we have a very bullish picture in the USD over the long and medium terms, so it will probably be wise to trade in the direction of long USD over the coming week.
FX:USDOLLARLong
by SmoothJB
US-DOLLAR really falling after NFPs? I doubt it.Hey tradomaniacs, chaotic market huh? To be honest... I think the current move of US-DOLLAR doesn`t make any sense. I keep it simple and short, otherwise I`d have to break the mold. The data are mixed but do overall show a slowdown in the economy but at the same time rising inflation. Non-Farm-Payrolls: 199.000 less jobs than expected and the worst result since december 2020. This clearly shows a cool down in the NFP-Sector and is overall bearish for the US-Dollar. Unemployment Rate: 3,9% and a positive development considering that previous rate has been at 4,2%. Overall bullish fort he US-Dollar. Average hourly earnings: 0,6% and way higher compared to the previous month. This is overall bullish for the US-DOLLAR due to higher inflation. Average weekly hours: 34,7 and less than expected. The problem here in my opinion is the fact that earnings per hour soared while less jobs were created. This is a typical sign of inflation and part oft he wage-price-spiral. Considering that FED has to and will fight inflation as its priority number one after their „transitory-fail“ to gain back reputation Jerome Powell & Co could turn from best friends to fiends for the stockmarket as financial injections probably won`t be an option anymore, whether the economy cools down or not. This is clearly negative for the overvalued equity-market but not by all means for the US-Dollar. Simply put: The FEDs in a quandra. Can`t provide more liquidity due to high inflation to push growth and employment and has to hope everything is going to be fine. Rising yields do indicate expectations for higher inflation in the market and would offer an alterantive to stocks in the near future (Bonds). They are also generally good for the bank-sector and obviously not good for tecs due to high costs which are not as easier to finance with higher interest-rates. But here is a catch.. we know how irrational but faithful the market is... if it turns out the market hopes the FED to ignore their plans and "slow it down" in order to boost the economy again if future results are not as good as expected we might see another rally in stocks and so a falling US-Dollar. This would be more like the less likely scenario in my opinion...I mean Bidens is on Powells tail. Risk-Off is generally good for the US-DOLLAR as a safe haven. If FED continues as announced and planned the US-Dollar is likely to move up while this move turns out to be a fake. One of these charts is lying, but I see a higher probabillity of a rising US-Dollar under these circumstances. LEAVE A LIKE AND A COMMENT - I appreciate every support! =) Peace and good trades Irasor Wanna see more? Don`t forget to follow me
TVC:US10YLong
by Trading2ez
3
bias on long but chart tells no1H, 2H, RSI approaching to over bought, 4H approaching to over bought also on a potential rising wedge. my trade setups are based on fundamental figure to be released: expecting a stronger USD, therefore it's against what I draw on my chart. (My chart indicates that once DXY reaches 94.60 - 94.63 area, it will drop) so currently if my chart is right, there'll be a fight against fundamental data if US data to be positive; however if US data is negative, it will be a catalyst to drag the DXY down very aggressively (possible back to 93.4-93.5 area).
TVC:DXYLong
by mleader1
move up from here, or otherwise go back further downDXY has been struggling in the past few days, it has not managed to push higher nor has it managed to go down below 93.496. It formed a double bottom (19th low and 21st low) but didn't enjoy a smoothly upward journey, instead it jumped and immediately got crippled multiple times. It had a brief green moment on Friday after Powell's speech but got dragged back down in no time. My thoughts on DXY is that if the broadening wedge on daily is respected, then the price should go above 93.727 and maintain always above (which it failed a few times last weak). I'm still bias to DXY bullish because it hasn't fallen below 93.360 which it invalidates my bullish idea; but neither has it reached above 93.727 which is a confirmation of further upward move. NOTE: if it goes up with a confirmation (above 93.727) I'd expect it to go higher reaching even higher than 95 so that'll be record breaking move in the coming weeks (or otherwise, going downhill miserably). Let's keep an eye on this. Since Powell has made it official on both inflation concern and tapering, let's wait for a few more days and see how market reacts. GL!
TVC:DXYLong
by mleader1
US Dollar Index - BullishOn the monthly timeframe, the Dollar index completed its fourth correction in the previous quarter with a clear flat ABC correction at 50% of wave (iii) and price made a perfect rebound from the ascending support. We could potentially expect a further upside to 2.618 ($120.394.) of the Fib retracement or around 2.0 ($108.684), the area where the ascending resistance lies. Invalidation for this bullish scenario is at the end of the fourth wave terminus ($88.3).
TVC:DXYLong
by Timgucci
2