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USDOLLAR trade ideas

USDOLLAR Bullish ReversalHope you all had a good weekend. Recently, the USDOLLAR has been getting hammered recently skewing all i's currency pairings and in my humble opinion defying what would be normal good entry and exit points from a day trading perspective. Well, I think it might be about to have a change of direction, making me reenter the market with some reversal trades this week which favor the USDOLLAR . If you throw some strong fundamental news in along with this chart i think we can see a nice uptick this week, ending a miserable few months for the USDOLLAR . The confirmation of the US approving Pfizer's vaccine for the COVID-19 virus is excellent news and should come in to play in the USD currency pairings. You can see from my chart, we are approaching a historic DEMAND zone which also forms as a really strong support level for the USDOLLAR . I see a nice bounce off support giving us a +2.5% return to the SUPPLY zone , also a strong resistance and AREA OF VALUE. AUDUSD - Short EURUSD - Short GBPUSD - Short USDCHF - Long Good luck all
DJ:USDOLLARLong
by AZEB1A
Watch the USDOLLAR and USD currency pairs this week!Hope you all had a good weekend. Recently, the USDOLLAR has been getting hammered recently skewing all i's currency pairings and in my humble opinion defying what would be normal good entry and exit points from a day trading perspective. Well, I think it might be about to have a change of direction, making me reenter the market with some reversal trades this week which favor the USDOLLAR. If you throw some strong fundamental news in along with this chart i think we can see a nice uptick this week, ending a miserable few months for the USDOLLAR. The confirmation of the US approving Pfizer's vaccine for the COVID-19 virus is excellent news and should come in to play in the USD currency pairings. You can see from my chart, we are approaching a historic DEMAND zone which also forms as a really strong support level for the USDOLLAR. I see a nice bounce off support giving us a +2.5% return to the SUPPLY zone, also a strong resistance and AREA OF VALUE. AUDUSD - Short EURUSD - Short GBPUSD - Short USDCHF - Long Good luck all
DJ:USDOLLARLong
by AZEB1A
US Dollar Index. Expected to move upYo traders, Been a long time since i have posted trades. Here is a one which i rarely trade but looks good for a setup. US dollar has been very weak for a long time now and is expected to be weak going forward for the next few months with the printing of money taking place. But looks like to fall down further there might be a pull back. If you look at the charts the the price has approached and rejecting the weekly support. RSI has also given a divergence on the daily TF giving a multiple confluence for a movement upward. I will wait for a bullish close on the daily and look at 4HR chart on the daily before taking entries. with Bullish indication on US index affects all USD pairs. Trade accordingly. Please like comment and share for support thanks Madtradex
FX:USDOLLARLong
by Madtradex
US Dollar is Bottoming ! Hello Traders, Recent US Dollar action (H4) and the next week or two is bottoming pattern. Like what we had in EUR/USD daily (ceiling). I copied the bar pattern from EUR/USD and mirrored it to make it more clear what I mean by that. A broad bottoming out in US Dollar (H4) suggests that each lowest low could be a reversal but I will pay attention to those which happens during the time cycles zones or near them. I pointed out two time cycle zones (two green rectangles) on the chart. If price makes swing low during these time cycles then there would be a high probability of reversal. It might also have a reversal between them or near them. Here is the EUR/USD ceiling that I mentioned above. By putting the bar pattern on US Dollar I don’t mean that it will move exactly like that. Just tried to make it clear what I mean by bottoming. Please Like and follow if you enjoyed my analysis. Please check my previous forecasts to see how these time cycles work. I put few links below for your attention: Good luck
FX:USDOLLARLong
by P_T_C
4
US Dollar Forecast Nov 2020Volatility in the US Dollar will start to subside now that the US Elections is coming to a close. We expect the overall direction of the USD to establish in the coming weeks. We forecast US Dollar bullishness over the next 6-month cycle as the US Dollar gains support on upbeat economic conditions. Furthermore economic stimulus from the US government will sustain this economic growth. Stimulus is much alike to the quantitative easing programs of the early 2010’s. We are seeing strong gains in employment with the unemployment rate down to 6.9% (November release) from 7.7% the previous month. NFP’s released an upbeat figure of 638k jobs added to the economy over October whilst Manufacturing PMI’s rose sharply. Gaining employment leads to more spending in the economy which sustains job growth, manufacturing activity and services growth. These factors combined will sustain high GDP growth. With Biden likely to win the election and his promise to raise taxes, this growth will ultimately be capped. We should see the US Dollar rally to pre-Covid19 levels against the major currency pairs before any significant pull backs. A second wave of Covid19 is becoming likely over the festive season and could shake markets to produce another black swan. We therefore urge caution regarding USD longs. Read more at alloutforex.com
FX:USDOLLARLong
by Lifestudent38