📖DXY-07/10/2022-High potential reversal down📉
Updated
👋Good day❗️
Small digression:
This trading idea and in the future similar ideas under the name similar to this one, will mean that the considered trading instrument in the idea is in my personal diary on paper and I expect a trade on this instrument.
This kind of content will be infrequent, but I will occasionally share my views.
The trade ideas will be updated, and the necessary comments will be made as the transaction progresses.
⚠️Attention❗️ The opinion of the author may not coincide with yours❗️
📅Date: 07/10/2022
➡️Trading instrument: DXY
📊Priority direction: SELL
💬Comment: The week 07/04/2022 - 07/08/2022 ended for the index at the highs of the week, but on Friday the market laid down a possible correction for the instrument. On Friday, NFP data also came out, which were positive for the US dollar, but the dollar did not fly up like that anymore. It can be assumed that market participants have already put a lot of positives in the price and now a technical rollback down is relevant. There were also stronger purchases on the market on Friday, which were not crowned with success. It is assumed that especially these "Friday buyers" will be taken out of the market at the beginning of the week. In the area of level 105 there is an area for pushing, it is also a balance, after which there was an upward impulse. Downward correction is supposed to take place in this area. I would not consider below yet, since there is still a strong uptrend. Support levels for the price on this path will be: 106.360 and 105.760.
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👍Thanks for your comments and likes👍
👇🔥LINKS TO PREVIOUS IDEAS AND FORECASTS🔥👇
Small digression:
This trading idea and in the future similar ideas under the name similar to this one, will mean that the considered trading instrument in the idea is in my personal diary on paper and I expect a trade on this instrument.
This kind of content will be infrequent, but I will occasionally share my views.
The trade ideas will be updated, and the necessary comments will be made as the transaction progresses.
⚠️Attention❗️ The opinion of the author may not coincide with yours❗️
📅Date: 07/10/2022
➡️Trading instrument: DXY
📊Priority direction: SELL
💬Comment: The week 07/04/2022 - 07/08/2022 ended for the index at the highs of the week, but on Friday the market laid down a possible correction for the instrument. On Friday, NFP data also came out, which were positive for the US dollar, but the dollar did not fly up like that anymore. It can be assumed that market participants have already put a lot of positives in the price and now a technical rollback down is relevant. There were also stronger purchases on the market on Friday, which were not crowned with success. It is assumed that especially these "Friday buyers" will be taken out of the market at the beginning of the week. In the area of level 105 there is an area for pushing, it is also a balance, after which there was an upward impulse. Downward correction is supposed to take place in this area. I would not consider below yet, since there is still a strong uptrend. Support levels for the price on this path will be: 106.360 and 105.760.
➖➖➖➖➖➖➖
👍Thanks for your comments and likes👍
👇🔥LINKS TO PREVIOUS IDEAS AND FORECASTS🔥👇
Note
After the Asian session, the US dollar is showing strength, so for now one need to be careful about buying, as the price is still rising. In general, Sell-priority remains.
Note
🔥Right now🔥:1) EURUSD-BUY-priority📈
2) USDCHF-SELL-priority📉
Note
Comment: Trade closed✅Note
👇 There is new idea for USDJPY:
Note
👇 There is new idea for DXY:
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