USD Set up discussed in our strategy session USD line in the sand 12385 we look for a marginal new high to act as a bull trap
USDOLLAR trade ideas
DOLLAR INDEX BUYHi there. Price is forming a possible continuation pattern to the upside, but is not moving impulsively, so one more drop is possible. Anyway, the best way to see if price wants to go up is wait for it to form a continuation pattern on a lower time frame and watch strong price action for buy.
US DOLLAR SELL Hi there. Price is moving impulsively to the downside. Wait for the price to form a continuation pattern on lower time frame and watch strong price action for sell.
Could give EURUSD power to go further up. Looking at the USD, we can see noticeable LHs forming on the daily. USD has struggled to break 12350 since October of last year. TL, FIB,and resistance at play.
USDOLLAR before 1.4% decline... The analysis shows that the linking axis of the ATR value taken at 3 points began to decline. It can also be linked to a three-point curve. This leads to the conclusion that the exchange rate is slowly moving to a reversal and starts south. If my idea is correct, then the target price is 12171.
USDOLLAR - Up with Bat Pattern for next week.* Always stop loss. 50% for all forecast.
- Daily: Divergence MACD and return the price channel.
- H1: up
USDOLLAR 4hr Analysis Supply And Denandlooking here at the usdollar 4hr chart. price has created new demand area. looking at a stronger usd here at this usdollar level. All pairs with USD will be on my radar 2 see if i can use it as a correlation.
USDOLLAR LONGFree Telegram: t.me
Important support zone;
Bullish divergence forming (price and rsi);
volumes on macd are decreasing.
1/2 size for this trade
DOW JONES (US DOLLAR INDEX) - 60MIN - SHORT ENTRY : PULLBACK TO 12336
STOP LOSS : AS PER TRADER RISK MANAGEMENT
TARGET : 12282
USDOLLAR - Short at Bat Pattern- Daily: expect to test the bottom.
- H4: being in Elliot 3 wave zones and Bat Pattern. However, RSI still shows signs of testing the old peak H4.
- H1: there was a downward force.
* Target 1, 2, 3: 38.2, 50, 61.8.
USDOLLAR - expecting to retest the bottom and new bottom.- Trading key: 50/50% for all forecast.
- Always stop loss for the next opportunities.
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Usd Index, Could 12262 Hold??
Per the CPI news that came from the US economy, It pushed price to the downside below the 12262 support but later closed above the psychological level of the same 12262 region. Hence there is a potential move to the upside of 12316 region. Thus anticipating some level of dollar strength coming in across the major usd pairs.
USD usdollar supply and demand analysisplease refer bck to photo for analysis. but we are in a weekly uptrend and price is back into weekly demand.
comments welcome...cheers
Possible Move DownThe Index seems to have finished the B wave of the 3 wave ABC corrective pattern. It is highly likely that the index will now make a C wave, going down to retest the levels close to A. Once this correction is done, it could continue to move up. In the short term, I am looking at the index making one move down from the current levels.
