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EXY CURRENCY INDEX, Preliminary Range, These Level To Watch Now!Hello Traders Investors And Community, welcome to this analysis where we are looking at the EXY CURRENCY INDEX which is the index to show the value of the euro in comparison to other currencies where we are looking at recent events, the current formational structure and what to expect the next times in order to handle the situation accordingly and in the right manner. The index experienced a steady recovery since the corona breakdowns seen this year where it moved higher but the question now is if this strength can hold on or lower levels will be visited, in this case, I detected some important signals which we should consider now in order to upcoming price-actions. Looking at my chart you can watch there that the index has formed three consecutive uptrend lines marked in blue and as the index now approached resistance at the 118 to 119 resistance level marked in light-blue this is an important range where the index can bounce again to the downside and as the index is overbought this is not far away. When the first trendline is broken to the downside it will give a first bearish shape and the index will move on to the next trendline testing it from there the index can either stabilize and move higher again or confirm the second trendline to the downside which will show up in a greater increase of bearishness at least testing the back-up-zone marked in blue. Overall we can expect the pull-back happening as mentioned the next times and for further stabilization and continuation, it forms high importance that the index bounces at the blue level between the 23.6 and 38.2 Fibonacci-support marked in my chart, when this does not happen and the index declines more from there the next remaining supports will be tested which is the decreasing support line in orange but till then the index has some good potential to confirm further bullishness in the range. It will be highly interesting how the situation is playing out here and how far and strong the pull-back is going and if there will be a solid stabilization or further declines to follow up with. In this manner, thank you for watching, support for more market insight, all the best! "Trading effectively is about accessing possibilities, not certainties." Information provided is only educational and should not be used to take action in the market.
TVC:EXY
by VincePrince
1
Euro Currency Index (EXY) Analysis 10/03/2021there exist a very steep Bearish Divergence between the price and MACD and Its Histogram, which is the sign of trend reversal. the price has already broken the low bond of the ascending parallels Channel where it was rallying earlier. price has retested the Support line and it didn't stand after the second attempt and now turned to resistance, which is a very important sign of the trend change and index fall we can target the golden zone of the Fibonacci retracement of the impulsive wave in order to find the depth of the price correction and retracement.
TVC:EXYShort
by BitonGroup
4
Dollar Index: Buy opportunity near the Higher Low.DXY dropped again below the 1D MA200 (RSI = 40.089, MACD = -0.130, Highs/Lows = -0.2864, ADX = 25.789) approaching once more the Higher Low trend line of the 1M Channel Up that has been trading within for over a year. The pattern resembles the early 2019 sequence and as you see on the chart this could be the 7th phase that will initiate the uptrend. Two targets can be taken on this, 98.30 and 99.25. ** If you like our free content follow our profile (www.tradingview.com) to get more daily ideas. ** Comments and likes are greatly appreciated.
TVC:DXYLong
by InvestingScope
Dxy losing its strengthAscending channel lower trendline breakout . Below the monthly pivot point indicates bearish sentiment. Fall from the past strong resistance 98.67 . Floating below the weekly SMA (green). After the counterparts of greenback like the pound and euro had some great comeback over greenback couple of days earlier because of some positive Brexit development news spiraling around the major internet news portals. DXY was having pressure since then and had a pullback but I fear if it's dollar devaluation time then we may see furthermore deep in future ahead.
TVC:DXYShort
by jessi061
4
Possible USD/CHF Short position!!SMP TRADING SELF DEVELOPMENT/METHODOLOGY/PSYCHOLOGY Chart time frame - H4 Timeframe 1-4 Days Actions on - A – Activating Event Market will meet resistance in zone @1.011 - .... and fall to the 0.991. In order to enter, the pair MUST be in line with my Entry Procedure.... B – Beliefs Market move towards the first Target 1 level @ 0.991 FX:USDCHF Trade Management Entered @ ..... Stop Loss @ ..... Target 1 @ 0.991 Target 2 @ .... Risk/Reward @ 7.1 Happy trading :) Follow your Trading plan, remain disciplined and keep learning !! Please Follow, Like,Comment & Follow This information is not a recommendation to buy or sell. It is to be used for educational purposes only!
Short
by SMPTrader
2
USDCHF BEARISH TRADE RETRACEMENTUSDCHF has been in a bearish trend since last year. It hit a very strong structural support at 0.94767 and went up to 0.98014 which is both very important structure based on past data and also 0.382 Fib level of retracement. It is currently following its decline which has resulted from this 0.3 Fib and past structure. Potentially it might test red support lines or the bottom green line which is important past structure. Expectations of breaking that support barrier and setting new lows. If not, it will retrace again for a while before retesting again. However, market has been bullish for half a year so it is likely that it will continue. Keep in mind structure and Fib levels. Wait for perfect entries and clear signs after retesting support again. SHORT WITH LIKELIHOOD OF SOME RETRACEMENT BEFOREHAND.
Short
by DzhuneytYusein
Currency Pair Commodity Pricing Divergence Identification MethodThis is a Method to follow Currency pair and pricing divergence of a Commodity to a Base Currency This demonstrative example is from from Gold in various currencies to Turkish Lira ₺ You can recreate this for your own purpose by following the same formulas. Because that symbol does not exist we have to divide pairs that have a common denominator. We will use XAUUSD (which is Gold/US Dollar) and divide it by TRYUSD (which is Lira/US Dollar) When dividing fractions you invert the denominator and multiply. So (XAUUSD)/(TRYUSD) = (XAUUSD)*(USDTRY) *Note: It is important to notice that these two values produce different results in the graph, by pulling data from two different feeds. In this Chart XAUUSD/TRYUSD USDTRY/XAUUSD (RED) Another exemplary pair is XAUCAD. It's Currency pair is TRYCAD. So the Formula is simply XAUCAD/TRYCAD Also in this chart XAUEUR/TRYEUR XAUGBP/TRYGBP XAUJPY/TRYJPY XAUXCU/TRYXCU XAUZAR/TRYZAR (PURPLE) Sometimes both sides of currency pairs aren't available on TradingView. We have XAUNZD available, but we only have NZDTRY available. To solve this we use the formula XAUNZD/(1/NZDTRY) Dividing by a fraction with a 1/fraction as a denominator provides us with the inverse symbol of TRYNZD Also in this chart XAUAUD/(1/AUDTRY) (BLUE) In more extreme cases, there is no currency pair available at all. In this situation, we have to create a pairing. There is no CNY to TRY or inverse symbol but there is XAUCNY So, we convert the XAUCNY value to a value that has a pair. For this example we will go back to the US Dollar before converting it to the Base Currency. (XAUCNY/(1/CNYUSD))/TRYUSD Also in this chart (XAUINR/(1/INRUSD))/TRYUSD (XAUNPR/(1/NPRUSD))/TRYUSD (GREEN) Forumulas with equal value are also included XAUUSD/(1/USDTRY) USDTRY/(1/XAUUSD) XAUUSD*USDTRY USDTRY*XAUUSD
FX:XAUUSD
by nvrstpexploring
Pound index: Interesting level to short and then reload longsThis is my weekly, monthly and quarterly Pound forecast. The uptrend is very strong but might have reached critical mass already, and is bound to correct very soon. I plotted potential levels and signals based on time at mode analysis of it. Right now, I'm bearish on the Pound, in the short term, but bullish in the longer term, so I'd like to wait to buy the correction lows and just watch for the perfect entry. Good luck and hope this chart is useful information for other traders. Cheers, Ivan.
by IvanLabrie
12