DOW JONES do not miss this buyHi traders got the bounce I wanted on my floor, so now I will be look for buy setups. to join the buy you need to find correction as we got strong impulse then find entry. good luck thanks for support like, share and comment belowLongby Rev_Daily_Traders1
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.comLongby Lifestudent381
DOW JONES about to reverse?Hi traders watch for price to turn to upside. look for up wave price action setup for us to complete a C wave. I am looking to for setup. if you looking for sell then you have to wait for the price to create correction then that will confirm sell thanks for support like and shareLongby Rev_Daily_Traders0
DXY03Nov2020Not legal and financial advice; any information provided here is only the personal opinion of the author.Longby AlpacaBlackUpdated 2
DOWJONES do not jump into sell nowHi traders if you in sell from roof move your stop according to your system. For now I will be waiting for correction to play out to sell. remember we are completing C wave for us to look for big buy thanks for support like and commentShortby Rev_Daily_Traders1
DOW JONES setting for down move?Hi traders watch for sell setups from roof to sell thanks for support like and commentShortby Rev_Daily_Traders221
USD Index Pre/Post ElectionUSA Election coming to a close but take caution as volatility can still occur. Here we are looking "left" to see what has happened in the past elections. Uncertainty = volatile market Certainty = trending market Pre elections we have seen USD weakness and right after we see USD strength in the remaining year months. With USD technicals in the buy zone and a retrace that has not yet occured from a trendline break we should see USD strength as well after the election. But as always, remember risk management when trading USD pairs into the election. I'd personally advise staying out and looking at other pairs until the election is officially over. Good luck and let me know if there are any questions. Charles V CVFX Management Trading made Simpleby cvfxwealth2
Will US Dollar go higher and is this the breaking point?I am not trading the US Dollar index, Im just analyzing him for US pairs. His movement I use like a conformation for the direction of movements of US pairs. In this case, I can see (clearly) a signs of US Dollar resurection. This can be the breaking week and US Dollar can gain strenght this week. Will be looking closely these days.Longby NemanjaAckoArsic0
USD BUY TECHNICAL ANALYSIS US dollar bouncing back after Donald Trump beats covid 19Longby US30EMPIRE0
Change in the game, US dollar is not showing any strenghtDescription on drawing. COS on weekly/daily. US dollar is still vunerable.Shortby NemanjaAckoArsic0
Weekly Forecast Dow Jones DollarHi guys here is my analysis of the Dow Jones that I use as a base when looking at my FX pairs. When taking a Fibonacci Retracement from the huge downside leg, price has not came to the 38.2% yet, which lines up with the long term trendline When taking the smaller Fib Retracement, there is STRUCTURE around the 61.8% level. I could see the Dollar moving down towards this level before moving higher. If price breaks this 61% Fib level, I could see price move further down to the form the double bottomby ElliotW150
Rise of US DollarIf we have a possitive (bullish) daily conformation on monday, we will have a conformation for strong USD move. Longby NemanjaAckoArsic111