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USDOLLAR trade ideas

Fail To Win- FAILED BULLISH TRADE ON DXYNow I'm learning to love my failures with trading because with them I find knowledge, advancement, and growth. Here on the 2h chart I placed a buy trade in a sellers market!! How hurt but happy I was to see it fail. Now on my weekly analysis for this pair, I analyzed price being bearish for the week. Why did I go bullish? Well, the overall market for DXY is bullish but price has now made it to strong supply area for a pullback. When I saw price hit a good demand area, I went for a buy in thinking it would take price higher. That was a lie. What I learned from this is to keep my bias from my higher timeframe perspective!! Always.
FX:USDOLLAR
by Mars-A-Million2021
Fail To Win- Successful Bearish Trade on DXYTruly, I wanted to see this trade fail!! Since all my other trades do, I was expected to lose..but what gave me Hope was when price broke the HL and retested with a good bearish setup. I decided that in order for me to learn how to trade was that I have to not be afraid to fail on any trade. It is with this failure that I am able to re-analyze my trade to understand from a technical perspective on why the trade failed...but oh blessed be..the trade was successful! Failing to in order to win will be my success. In addition to this, I took a 1/1.5RR.
FX:USDOLLAR
by Mars-A-Million2021
USDOLLAR Momentum Has shifted Up Into Jackson Hole SymposiumThe above chart shows the weekly FXCM USDOLLAR chart. We note that the higher trough followed by the higher peak has the greenback in uptrend. The momentum of this trend is defined by the gradient of the green trendline. However, we also note higher trough2 followed by higher peak2. These two points are defined by the orange trendline. I.e. the gradient has shifted upwards as the USDOLLAR’s momentum increased. We are heading into the Jackson Hole virtual symposium and market participants are looking forward to the Fed Chair’s delivery on Friday at 2:00pm GMT. The market will be listening for clues regarding the Fed’s tapering timetable and it will be interesting to see how this chart reacts, especially in relation to the steeper orange trendline.
FX:USDOLLARLong
by FXCM
2
USDOLLAR approaching key support, potential bouncePrice may bullish above pivot at 11899 in line with 61.8% Fibonacci retracement and 50% Fibonacci extension towards take profit at 11972 in line with 50% Fibonacci extension . On the other hand, price may bearish towards stop loss at 11880 in line with 78.6% Fibonacci retracement and 61.8% Fibonacci extension . Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interests arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
FX:USDOLLARLong
by FXCM
1
TRYING TO TEACH MYSELF HOW TO FLOW WITH MARKET STRUCTUREHELPFUL MARKET FLOW DIRECTION AND ANALYSIS: -I have an issue with trying to stay with flow of the market and placing trades in the appropriate direction. I would always sell when I need to buy and vice versa and realized that I did not understand market structure! -Finally I decided to keep my attention to the swing highs/lows to help stay with current directional bias of the market. -This was just one of the charts I was using as an control to see if my current mindset of directional bias was accurate and it was so. -The texts on the chart should help my present and future in hope of becoming a consistent and knowledgeable trader.
FX:USDOLLAREducation
by Mars-A-Million2021
USDOLLAR Weekly Chart Trends Up As Market Anticpates TaperingThe above chart show’s FXCM’s USDOLLAR index on a weekly time scale and is reflective of the primary trend. Longer-term charts tend to align with the underlying fundamentals and here we can see a higher trough followed by a higher peak – the technical definition of an uptrend. The greenback is trending up as market participants start anticipating the tapering of Fed expansion. In this regard. last Friday’s NFP was a good number and the USD responded. The Fed is likely waiting for another NFP print before any policy change as last month’s number did not fully factor in the current wave of Covid-19 sweeping through the US, and which doesn’t seem to have peaked yet. We note that price never moves in a straight line and if the uptrend continues we will be monitoring for evidence of a zig-zag structure similar to the dashed red lines.
FX:USDOLLARLong
by FXCM
2
DXY D1 Bullish Not having a clear cut trend in the past weeks of the dollar index, we see some choppy movement with lots of momentum. Given the previous day close of a bullish candle (Friday), we can clearly see on naked price that the bullish bar violated both the high and low of it previous bearish candle. In most cases I tend to take that as a reversal signal. I'm expecting a little accumulation around this region and on the downside before seeing our rally up for the week. My eyes are on #GBPUSD and #EURUSD sells for this week heading to NFP
DJ:USDOLLARLong
by PROfxSA_95
DOWJONES|USDOLLAR:WAIT.NEW BULLISH IMPULSE|UPTREND|LONG SETUP🔔After our previous Take profits on USDollar , today the charts show a new great opportunity... Welcome back Traders, Investors, and Community! Check the Links in Description and If you LIKE this analysis, Please support our page and Ideas by hitting the LIKE 👍 button Traders, if you like this idea or have your own opinion about it, please write your own in the comment box . We will be glad for this. Feel free to request any pair/instrument analysis or ask any questions in the comment section below. Have a Good Day Trading !
DJ:USDOLLARLong
by FOREXN1
5
USDOLLARIt appears the usd has some room to run still until it reaches a higher time frame resistance area. I expect a volatile week because of significant event risk. inflation and J Powell is on the docket. In my opinion. To start the week, I expect the dollar to continue to fall towards near term support. The usd is vulnerable under 11850.00,in my opinion, and may retest the main support lower down on a break down of said price level. In the event inflation comes in hotter than expected we may see a run up to test the " key price area" i have outlined. Then it all depends on Powell"s statement for the determination for a possible break out of the range or drop back down under 11850. Never the less, the upside seems limited, as there is, what appears to be strong resistance higher up.
DJ:USDOLLARLong
by Entrenched
2