USD INDEX. do a little correction buddy!will it happen to DXY? dxy needs a little correction to empower its trend. may the fibo helps us !Shortby omid_purmahmudUpdated 0
Bites Of Trading Knowledge For New TOP Traders #8 (short read)Bites Of Trading Knowledge For New TOP Traders #8 --------------------------------------------------------------- What is a Digital Asset Wallet? – A Digital Asset Wallet is a technology-based tool used to interact with a blockchain network. There are two types of wallets commonly grouped as software and hardware wallets. Alternatively, depending on their working mechanisms, they may also be referred to as “hot” or “cold” wallets. Digital asset wallets generate the necessary information to send and receive digital tokens (“tokens”) via blockchain transactions. Significant information contained in the wallet includes an “address”, an alphanumeric identifier that is generated based on the public and private keys. It is a specific location on the blockchain to which tokens can be sent to and it may be publicly shared with others. The private key should not be shared as it gives access to tokens held by the user, regardless of the type of wallet used. Digital assets essentially never leave the blockchain as they are just transferred from one address to another within the blockchain network. What is the difference between a “Hot” and “Cold” Wallet? – Digital asset wallets may be defined as “hot”, “warm” or “cold,” according to their working mechanisms or the way they operate. A hot wallet is any wallet that is continuously connected to the Internet. These wallets are easy to set up and enable funds to be readily accessible, making them convenient for users to transact. Centralized finance exchanges (CeFi) tend to provide their users with wallet technology to access their accounts, whereas decentralized finance exchanges and applications (DeFi) would require users to obtain a third-party wallet technology provider that allows them to connect to DeFi services. Cold wallets are not connected to the Internet and use a physical medium to store information offline, such as private keys, making them resistant to online hacking attempts. While less convenient, cold wallets serve as a safer storage option. RISKS AND OPPORTUNITIES FOR CORPORATES AND INDIVIDUAL INVESTORS – Portfolio Focused on Global Macro Strategies – Global macro strategies are used by funds to base their holdings on their overall economic and geopolitical analysis of various countries. Holdings may include long and short positions in various equity, fixed income, currency, commodities, and futures markets. These funds take longer-term directional views of markets and may not always hedge their positions, but could actively manage their fund to take advantage of what they see as short-term moves opposite to their main view. An individual investor with a long-term view of Brent crude oil who maintains long dated futures positions could consider using front or near month Mini Brent Crude Futures to actively take advantage of shorter-term retracements to certain price levels. TRADDICTIV · Research Team -------- Disclaimer: We do not provide investment advice, nor provide any personalized investment recommendations and/or advice in making a decision to trade. Before you start trading, please make sure you have considered your entire financial situation, including financial commitments and you understand that trading is highly speculative and that you could sustain significant losses.Educationby traddictiv5
A crucial week for the US Dollar....The US CPI is out on Thursday, which is key, but the reason that we think this week is important for the Dollar is a technical one. We had previously been viewing this as a potential bull flag, however last weeks price action has negated that view, why? When a market breaks higher from a bull flag pattern it tends to be quite dynamic and directional, the break higher should be maintained and that is not what we are seeing here. This, for us, negates the bull flag pattern. So, where does that leave us? Well, it’s not a bull flag BUT it has not done enough to negate the bull trend either… (definition of a bull trend is higher reaction highs and higher lows) and we can see quite clearly that the reaction back is finding some support at the 20-week and 200-week ma at 95.11. For the bear camp argument, we also have a LARGE divergence of the weekly RSI, which reflects a significant loss of upside momentum. So how to proceed? I’d leave well alone until a clearer chart picture emerges…. However, if you must trade it, we would suggest a light and nimble touch here is needed. Drop down into the hourly chart and we can see the market is starting to nibble through the top of an hourly cloud, which implies some very near-term strength, but stops should be kept close and the most recent low on the hourly chart was a 95.34, so I would be utilising stops below there… Slightly longer term, the KEY support is going to be the 94.61, the January reaction low, as failure there would imply that the bears are winning and introduce scope to the 55-week ma at 93.04 currently. As we say, we suspect this week will be crucial for the Dollar and let’s hope that the US CPI triggers further directional impetus. Disclaimer: The information posted on Trading View is for informative purposes and is not intended to constitute advice in any form, including but not limited to investment, accounting, tax, legal or regulatory advice. The information therefore has no regard to the specific investment objectives, financial situation or particular needs of any specific recipient. Opinions expressed are our current opinions as of the date appearing on Trading View only. All illustrations, forecasts or hypothetical data are for illustrative purposes only. The Society of Technical Analysts Ltd does not make representation that the information provided is appropriate for use in all jurisdictions or by all Investors or other potential Investors. Parties are therefore responsible for compliance with applicable local laws and regulations. The Society of Technical Analysts will not be held liable for any loss or damage resulting directly or indirectly from the use of any information on this site. by The_STA225
DX1 rebound and reduced inflationFollowing March 2020, DX1 has decreased upwards of 13% with increased M2 money supply and inflation. As the next year unfolds the interest rate hikes will increase the dollars strength and hinder inflation. Wave 1 begin Jan 2008 at 72 and peaked January 2009 at 84.5. There was a retrace into June 2011 at 74. Wave 3 peaked at 101.74 in December 2016 and has been in a descending wedge formation since. MACD flipped positive in August 2021. RSI is above 60 with bearish divergences for histogram, OBV and MFI. Due to the macroeconomic backdrop and the Federal Reserves actions, I expect the wedge to bounce off the bottom and break to the upside First take profit at $102 and second at the old high of $121.Longby DesireToTrade113
REJECTION SETUP + BAT SETUP first we have BAT pattern has been completed with perfect levels also we expect the price broke the channel just we have very important BOX from 95.275 to 96.200 we need to confirm the price action at these levels by ConcordDeath0
An expected move for the descent of DX1DX1 analysis on the weekly chart What I'm saying may be wrong, it's just personal effort, the responsibility lies with youLongby Tegdz0
DX - JPY Provides DXY ImpulseTightening Liquidity... Stronger Dollar. Bond Yields Higher... Stronger Dollar. Uncle Buck, the Lonesome Cowboy with just a hand held radio to keep him sane. ________________________________________________ This creates Gale force winds for the Indicies to Sail into. Typically it is the Northerlies that create the Marching Elephants in the Straights of Florida. 12 to 20 Foot waves that build as the Gulf Stream is countered by Surface opposition. __________________________________________________ A similar Natural phenomenon may be at work against the Indies. We will see as this week is set up for the Break Higher or Lower. Asia sees their own backyard, US Traders rarely bother, other than FX Traders, to observe how and why the pairs behave. A Carry trade is profitable if currencies are stable. They are NOT. The Dollar rising against the Yen can be a large issue on interest rate differentials - And Vice Versa. An important week ahead for FX as the DXY spiked last week. ___________________________________________________ by HK_L619
DXY To Fade On First Test Above 98In this update we review the recent price action in DXY and identify the next high probability trading opportunity and price objectives to target.0by Tickmill3
Powell Pushes Up the DollarThe Fed left its policy settings unchanged following its January policy meeting as expected. While responding to questions from the press, FOMC Chairman Jerome Powell noted that there was "quite a bit of room" to raise the policy rate without hurting the labour market. Powell further added that inflation has gotten worse since the December meeting and reaffirmed that the committee was in favour of hiking the policy rate in March "assuming that the conditions are appropriate for doing so." On the 11th January 2022 I highlighted the potential bull flag on the US Dollar Index. This is what I wrote: ‘Being able to identify some basic technical analysis patterns can really help in your trading decision making. A bull flag suggests the break, as the name implies, should be to the topside. Patterns can help you decide whether to maintain a long position and just as importantly when to add to it. A close above the top of the flag will complete it and the ‘flagpole’ will give you an upside measurement or target for your trade. On this example a close above 97.00 would complete the flag pattern and offer an upside measurement to 100.00 +.’ Having seen a strong rebound from the 20-week ma at 95.07 2-weeks ago, my opinion remains in play and this bull flag looks ready to break higher…trade accordingly. Disclaimer: The information posted on Trading View is for informative purposes and is not intended to constitute advice in any form, including but not limited to investment, accounting, tax, legal or regulatory advice. The information therefore has no regard to the specific investment objectives, financial situation or particular needs of any specific recipient. Opinions expressed are our current opinions as of the date appearing on Trading View only. All illustrations, forecasts or hypothetical data are for illustrative purposes only. The Society of Technical Analysts Ltd does not make representation that the information provided is appropriate for use in all jurisdictions or by all Investors or other potential Investors. Parties are therefore responsible for compliance with applicable local laws and regulations. The Society of Technical Analysts will not be held liable for any loss or damage resulting directly or indirectly from the use of any information on this site. Longby The_STA112
USD Index SHORTHello traders, according to my graphical analysis of DX1!, there is a high probability of a decline towards the support showing on the chart. thank you for watching the analysis, it will be great when you support it with a like, follow me for more market analysis and good buy opportunities.Shortby XR01111
US Dollar Bear Market This graph demonstrates the last 5 years. In March of 20 US starting spending heavily on Covid. In January 21 Biden enters and retains the same fed chair and the US $ improves. In November 21 The signs of inflation look like they are not transitory the US $ peaks and begin a bear market. Today we languish 95.50 in a downturn that should take us to minimum 92 and if really bad 90. There is big money to be made in trading the dollar on the downside.Shortby jdouglas0200
Dollar outlookDollar looking bullish short term. Despite controversies surrounding its prospects, it looks to gain some upward momentum Longby Edgar_Joe2
DISTRIBUTION SETUP we have clear distrbution setup so now we have very omprtant levels need to be tested we expected as shown on the chart by ConcordDeath0
USD analysisHello friends. Please support my work by clicking the LIKE button(If you liked).Thank you! AFTER my analysis about USD i think USD will down to 94.640usd ACCORDING to several reasons 1 FIRST usd in DOWN trend so trend it is my friend 2 have a over bought on my indicator favorite ( this indicator it is special on over bought _ sold ) 3 have a squeeze = pin bar candle after up trend and usd can not break vwap = signal for sell 4 my advice it is do not buy USD and think about buy GOLD GOOD LUCKby ayoubrajawi1230000223
USD Index - Currency Market UpdateSignal was selling the break line of the descending pattern that formed in DX Futures, with a stop-loss at the high of the breakout day. Do we stop for chop here at support, or is this a significant FX trend market change? Can the Fed really continue to raise interest rates with real world business shutdowns in America's largest cities continuing due to Omicron variant? How much pain is the Fed willing to see in the equity markets before they change their interest rate plans? Most importantly, where does the Fed sit on that cycle relative to other countries, i.e. how will their central banks move in relation to ours (US). These are the dominant fundamental factors that are driving price action in USD. Shortby jBTCkingaling0
DXY Do or DieIn this update we review the recent price action in the Dollar Index and identify some high probability trading scenarios to take advantage of0by Tickmill14147
Identifying continuation patternsScrolling around some charts this morning, I came across an example of a potential bull flag on the weekly US Dollar Index. Bull flags occur when a market has rallied strongly higher and this is followed by a short period of consolidation, think about what a flag attached to a flagpole looks like and this is essentially the pattern. They are complete when the market closes above the top of the flag. Being able to identify some basic technical analysis patterns can really help in your trading decision making. A bull flag suggests the break, as the name implies, should be to the topside. Patterns can help you decide whether to maintain a long position and just as importantly when to add to it. A close above the top of the flag will complete it and the ‘flagpole’ will give you an upside measurement or target for your trade. On this example a close above 97.00 would complete the flag pattern and offer an upside measurement to 100.00 + Disclaimer: The information posted on Trading View is for informative purposes and is not intended to constitute advice in any form, including but not limited to investment, accounting, tax, legal or regulatory advice. The information therefore has no regard to the specific investment objectives, financial situation or particular needs of any specific recipient. Opinions expressed are our current opinions as of the date appearing on Trading View only. All illustrations, forecasts or hypothetical data are for illustrative purposes only. The Society of Technical Analysts Ltd does not make representation that the information provided is appropriate for use in all jurisdictions or by all Investors or other potential Investors. Parties are therefore responsible for compliance with applicable local laws and regulations. The Society of Technical Analysts will not be held liable for any loss or damage resulting directly or indirectly from the use of any information on this site. Longby The_STA2
The Deep Diving Dolla.i recently talked about this 10 year trendline on dxy, and its importance in the global markets. as of right now, both the usa and crypto markets are lining up for a major move to the upside - which leads me to the conclusion that dxy is going to be a leading catalyst for this. i'm not a fundamental person, in fact i don't know anything about any of that stuff - just a man of the charts. back in february i talked about a move up to 99 on dxy just based off chart formation, but it simply didn't have the momentum to reach my level - which is good for the bull case of our markets. view that post via 👇 --- i'm projecting a move down to about 86 by end of year on dxy - this should give all asset classes the boost they need for that final blow-off top mania phase that'll break the markets for many more years to come once it is completed. best of luck! 2022 spy projection 👇 2022 iwm projection👇 2022 bitcoin projection 👇 Shortby notoriousbids2218
Bites Of Trading Knowledge For New TOP Traders #7 (short read)Bites Of Trading Knowledge For New TOP Traders #7 --------------------------------------------------------------- What is Bitcoin and from where did it originate? – Bitcoin is a digital form of a medium of exchange with no central bank control which issues fiat currencies. Instead, the financial system involving bitcoin is managed by thousands of computers distributed around the world, a decentralised ledger, where anyone can participate by downloading open-source software and connecting to the ecosystem. The invention and implementation of bitcoin is credited to the person or persons known Satoshi Nakamoto in 2009. The white paper “Bitcoin: A Peer-to-Peer Electronic Cash System“ states that bitcoin was to be, “A purely peer-to-peer version of electronic cash would allow online payments to be sent directly from one party to another without going through a financial institution.” What is the Blockchain? – The Blockchain is a decentralised ledger that is append-only meaning that data can only be added to it. Once information is added, it is extremely difficult to modify or delete it. The Blockchain enforces this by including a pointer to the previous Block in every subsequent Block. The pointer is a Hash of the previous block. Hashing involves passing data through a one-way function to produce a unique Fingerprint of the input. If the input is modified even slightly, the Fingerprint will look completely different. Since the Blocks are linked in a Chain, there is no way for someone to edit an old entry without invalidating the Blocks that follow, allowing a secure structure. What is Mining? – Mining is the process in which transactions between users are verified and added to the decentralised ledger. The process of mining bitcoin is responsible for introducing new coins into the existing circulating supply and is one of the key elements that allows bitcoin to work within the peer-to-peer decentralized network, without the need for a third party central authority. What Is a Blockchain Consensus Algorithm? – A consensus algorithm is a mechanism that allows users or machines to coordinate the agreement of what is a valid block in the Blockchain in a distributed setting. It needs to ensure that all participants in the system can agree on a single source of truth. Types of consensus algorithms include Proof of Work (PoW) and Proof of Stake (PoS). What is Proof of Work? – Proof of Work (PoW) is a mechanism for preventing the same bitcoin funds from being spent more than once. Proof of Work consists of a consensus algorithm which is a protocol that sets out the conditions for what makes a block in the Blockchain valid. It ensures the security and integrity of bitcoin’s distributed ledger. RISKS AND OPPORTUNITIES FOR CORPORATES AND INDIVIDUAL INVESTORS – Diversification: Portfolio Focused on Pairs Trading Strategies – Many individual investors use a pairs trade as a trading strategy that involves matching a long position with a short position in two markets with a high correlation. In currency trading, the most economically and politically stable and liquid currencies are commonly the focus of market participants as the focus for currency pairs trading like these eight most traded currencies: U.S. dollar (USD), euro (EUR), Japanese yen (JPY), British pound (GBP), Australian dollar (AUD), Canadian dollar (CAD), Swiss franc (CHF), and Chinese Yuan (CNY). If an individual investor is pairing EUR with CHF as part of their pairs trading portfolio, they could use common technical indicators like moving averages as part of their analysis in forming a trade decision. For example, EURUSD on 4th May had crossed the moving average, but USDCHF had not shown similar price action, which could indicate the potential for follow through failure in the EURUSD to the downside. Contrast this with the 16th June where both EURUSD and USDCHF had both crossed the moving average and had clear follow through subsequently. Investors would need to analyze their expected returns with and without currency eThe investor could alternatively consider trading the Mini US Dollar Index ® Futures given that the analysis could point to an opportunity being in the U.S. Dollar, which had been removed as a factor in this pairing. TRADDICTIV · Research Team -------- Disclaimer: We do not provide investment advice, nor provide any personalized investment recommendations and/or advice in making a decision to trade. Before you start trading, please make sure you have considered your entire financial situation, including financial commitments and you understand that trading is highly speculative and that you could sustain significant losses.Educationby traddictiv6
DXY Bullish Consolidation PatternIn this update we review the price action in the Dollar Index and identify the next high probability trading opportunities0by Tickmill5
There may be a hard landing in DX1! Over the coming weeksThere may be a hard landing in DX1! Over the coming weeks This may coincide with news from the United States of America and now lead to a sharp decline in the dollarby Tegdz0
US dollar to BUY!The US dollar is in a bullish trend, the market is well supported by the two moving averages and we notice the presence of five buying bars on the volume. The break of the 96.560 resistance would be a good time to buy.by oussamaht0