DXY Hey Traders, wish a happy weekend for y'all!
i would love to recommend you to take in consideration the USD INDEX analysis in the beginning of every week at least if not everyday. That will help you to trade USD pairs more professional and will help you to spot the direction of USD pairs too.
in the coming week expect a pullback for the dollar index around 95.9 zone towards 96.4, then we might see a potential drop.
Trade Safe and use proper risk management.
Joe.
Usdx
DXYHey Traders, hope you had a great Weekend.
it's time now to start a fresh week, i would love to recommend you to take in consideration the USD INDEX analysis in the beginning of every week at least if not everyday. That will help you to trade USD pairs more professional and will help you to spot the direction of USD pairs too.
in this week we will be focusing on the selling opportunity of USDX around the weekly supply zone at 95.3, once we will receive any bearish confirmation the trade will be executed.
Happy Monday, Joe!
USDX is overestimatedHi traders,
Today I analyzed USD index that can reflect on currency basket and prices of commodities.
Level of index is currently overestimated and is above 95.00 lvl so I expect sharp drop to 94.70 lvl as a 1st target and maybe test 94.50lvl as a 2nd target.
That will reflect on strengthen currency basket against USD.
Feel free to comment your opinion!
US Dollar indexHey Traders, above we notice the breakout of DXY the supply zone of 94.370, that's a good sign that this zone will become a resistance and we will see more bullish momentum in the dollar. in other side we are holding our EURUSD swing short from 1,17 towards 1.138 zones. and we will monitor extra USD pairs to catch more opportunities.
Trade Safe, Joe!
EURSD AHEAD OF NFP (SHORT SETUP)
USD could the dollar index be getting back on its feet. Fourth-quarter early bullishness could be setting in early to set tone for early sessions come 2022 first quarter.
I am bullish on the dollar index. Technically I am looking to go long long on a long-term basis.
USD could be setting itself up to justify the move going down following my observations of the dollar index, the dollar currency index is observed to have its own technical fulfillments that it should make on a long-term basis based on the strategies that I apply
What do you think could be the next move or what do you have within your analysis of the same currency pairs that I just mentioned do you agree with my point of view or request a zoom meeting for further elaboration in here where I come from as far as my analysis is concerned happy trading first week of November thank you
DXY Further Downside If 94 HoldsI don't directly trade the DXY CFD with my broker, but it is useful to keep an eye on it to provide further direction for major pairs. Here are the key details I've labelled.
1. DXY pushed up to 94.56, which is just a tad higher than the previous high. However, this failed to sustain. It's almost as if this was a false breakout given that the DXY dropped sharply lower.
2. A new lower low formed. In a way, it invalidated the 94 level that I anticipated holding.
3. This was a bit concerning. Although the DXY did hold below the 94 level, it did not paint a new low. Not too surprising though because this happened near the end of the week. On the open, I'd like to see price make one more test at 94. It would be a good sign if I can see a clean hold below this level.
USDX CURRENTLY AT STRONG INTRADAY RESISTANCEThe dollar has gained in the past two days and bulls are seemingly strong, however, price rests below the 93.15 level which has been strong enough to take down price on July 21 and Aug 21 respectively. The case is however different as you can see the a bigger bullish momentum approaching the level and so may mean a possible break in to the March 21st highs at 93.44. I would recommend patience at the current 93.15 level, anyone who wants tot sell the dollar should wait for the most convincing bearish price action around this level, else they should wait for 93.44.
EURUSD: BUY signal (2/3)while Jerome was telling tales, the dollar shows weakness not only in USDX)))
against the backdrop of verbal interventions from the US, the EURUSD price returned above 1.1900 and remained there. Clear Step Up + Head and Shoulders Pattern
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1.1940 - BUY signal
1.2000 - target 1
1.2100 - target 2
If you like my idea, please get the like and write your opinion in the comments.