USDOLLAR trade ideas
DOW JONES test one more lowHi traders
for now let's wait for this correction to finish and look for sell to test or make new low before we buy, but if we see more aggressive move up then we will consider buying it
USDOLLAR - Approaching Buy ZoneHello, Friends! Here is a large timeframe overview of USD.
USDollar is approaching past lows, which will be strong support areas.
Orange zone: 2016 & 2017 lows
Expect a retrace from this area.
Price will bounce from this area but the retrace may be short as USA is heading towards their election. Uncertainty = USDollar devalued
Price can possibly retest 2018 lows as well, so keep an eye on that.
Good luck trading!
Let me know how I can help.
Charles V
www.cvfxmanagement.com
Trading made Simple
US Dollar Showing Signs of Bullish StrengthThe US Dollar approaching the neckline of a potential double bottom formation. Previous daily candle closed bullish, giving a sign that there's still bullish momentum in this market. This market has greater potential to Retest previous structure lows before deciding whether it will reverse or break the level by the end of this week. Will be closely monitoring price action if price reaches this zone.
US Dollar Index (Monthly)- Breaks downside long term uptrend.US Dollar Index (Monthly)- Breaks to the downside long term uptrend.
US-dollar index 20 April 2020Regardless of the DXY setup this index looks more bullish, I will be staying out of the market with this one for a while.
US Dollar to make a comeback this week?US dollar took a hard fall this past week, now its found a level of support and has the potential to go on a bullish run to Retest the previously broken structure low. As long as price does not break the previous LL, buys counter trend buys are still valid.
USDOLLAR extremely oversoldWhatever timeframe you look at the USDOLLAR is oversold. Take small long position and add when getting confirmation.
US DOLLAR BUY ANALYSIS US DOLLAR IS AT A 2 YEAR LOW. THE TECHNICAL ANALYSIS IS SHOWING A REVERSAL INTO THE UP SIDE. BUY US DOLLAR
USDOLLAR Bullish insightThe USDOLLAR can find strength this week as the bearish move has been over-extended now. If we see the 4H creating Bullish Structure, that will push the Buyers in and we can see a domino effect on all the above time frames like the Daily and the Weekly.
