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USDOLLAR trade ideas

Dollar to release soonDollar is on the verge on releasing from the contracting volatility funnel. It reacted at the previous point of release to the pip. I suspect price to release to the upside, as uptrend is still in place (no lower low) and as you see dollar corrects itself in those contracting funnels. If price releases to the downside (what is possible) there will be a massive gap slip. For that price needs to start trading the yellow box, below the previous low. TIP: USDOLLAR Index is generally more accurate than DXY For educational purposes
FX:USDOLLARLong
by ICFX
1
Fail To Win- Successful Bullish Trade DXYHere we have a successful victory on DXY. Im going for a positional trader so you see multiple colored key areas on the chart. Price was bearish coming to my broken monthly level. I wanted to see a bullish reversal once price touches it and it did. A morning star reversal pattern formed and broke above my weekly dashed line trendline. Additionally, I wanted to see price reject the broken trendline in order to prove to that it continued direction is up! Price also caught some demand from my hourly demand level. Yay, and it did. Price reversed shortly from my hourly supply level to pick up some more bullish pressure from the broken demand level. This trade went for a 1:45RR. I was amazed and so excited to see my analysis play out this way!! Perseverance and patience are vital for failures to become winners in the long run. I wish to continue the marathon which is forex.
FX:USDOLLARLong
by Mars-A-Million2021
USDOLLAR x DXY - Reversal? ⚡️USDOLLAR and DXY are used to forecast USD strenth/weakness, which can be used to trade USD pairs. In our last few analysis for USDOLLAR and DXY, we managed to forecast correctly and took advantage of it by trading USD pairs such as GBPUSD. We are now approaching an area of interest for both USDOLLAR and DXY. USDOLLAR: - Approaching weekly structure - approaching channel resistance DXY: - Approaching -0.27 target fibonacci - Approaching ascending wedge resistance Both indicating that we may see weakness from USD very soon = USDXXX short and XXXUSD long. See below for possible USD trades. EURUSD GBPUSD AUDUSD USDJPY If you enjoyed this, do leave a comment and like the idea for more analysis!
FX:USDOLLAR
by WicktatorFX
17
USDOLLAR Dips in UptrendThe chart on the left shows the daily timeframe of FXCM’s USDOLLAR basket. It is in the bullish area between the upper red and upper blue. The right chart is the hourly timeframe. It has pulled back to the 50 retracement of the last major impulse up. The stochastic has turned positive. We are now looking to see if this will lead a golden cross in the EMAs. If this does take place, it will be regarded as bullish. However, the momentum test is denoted by whether the stochastic can make it to the 80 level and hold that position.
FX:USDOLLARLong
by FXCM
3
USDOLLAR Pullback At Key Fib Levels on HourlyThe chart on the left shows FXCM’s USDOLLAR basket on a daily timeframe. It is in the bullish area between the upper red and upper blue bands. The chart on the right shows its hourly time frame. The greenback has pulled back to the 50%/61.8% Fib levels. If these levels hold as support and if the EMAs and the stochastic cross bullishly, the short-term participants may be be syncing up with the long-term chart. If this happens, a movement by the stochastic to the 80 level and the maintenance thereof may be suggestive of an underlying momentum push.
FX:USDOLLARLong
by FXCM
3
DOLLAR REVERSAL COMING!!We are ending the quarter with a strong dollar flush to the upside - with price spiking on no volume signaling liquidation of dollar shorts - On the higher TF price is testing major selling zone & resistance & moves like these can witness strong one way reversals if not backed by higher TF conviction - Therefore watch for reversals on specific dollar pairs at the October open, while using this months range as a bias to confirm a reversal (dont short dollar if it breaks above this current Sep range). Technically a reversal at these levels would b significant and can send prices all the way down to the yearly lows! Watch & see how it plays out!
FX:USDOLLARShort
by Captain_Maj