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Dollar_index

DXY 96.06 + 0.57 LONG IDEA * TREND CONTINUATION HELLO EVERYONE HOPE EVERYONE IS DOING GOOD HAVING A GOOD ONE, HERE'S A LOOK AT POSSIBLE SCENARIOS THAT COULD PLAY OUT IN THE COMING WEEK ON THE DOLLAR INDEX. * The DOLLAR INDEX is in a clear bullish trend that rejected at resistance level 96.238 creating a double top at this structure, but momentum to the down side is not so convincing of a reversal, the BULL FLAG and the the retest of this structure also confirms this. * Now entering FIBONNACI LEVELS in the mix we see the index just tested 61.8 % fib rejection at this level with the bulls possibly signaling continuation. break above of resistance level 96.238 signals continuation with the bulls a 3rd rejection might bring about momentum needed for reversals lets see how it goes... IF THIS IDEA ASSISTS IN ANY OR IF YOU LIKE THIS ONE SMASH THAT LIKE BUTTON & LEAVE A COMMENT. ALWAYS APPRECIATED ____________________________________________________________________________________________________________________ * Kindly follow your entry rules on entries & stops. |* Some of The idea's may be predictive yet are not financial advice or signals. | *Trading plans can change at anytime reactive to the market. | * Many stars must align with the plan before executing the trade, kindly follow your rules & RISK MANAGEMENT. _____________________________________________________________________________________________________________________ | * ENTRY & SL -KINDLY FOLLOW YOUR RULES | * RISK-MANAGEMENT | *PERIOD - SWING TRADE
TVC:DXYLong
by PULEMokhothu
Dollar Index Breaks Above Rising Trend LineDollar Index Breaks Above Rising Trend Line. Breaking Above 95.75 Points May Open The Door For 97.61. If today's retail sales report print positive, It has a big chance that USD Index may test 96.45 points first then 97.61 On the Other Hand, If Retail sales drop today, the USD Index may test again at 94.56 points. But It Won't change its uptrend bias. So, keep in touch in today's retail sales report. RSI is showing overbought. So if retail sales drop, downside correction is expected. But if retail sales print positive, that won't be hard to carry its uptrend bias.
TVC:DXYLong
by Gold_Trading_Expert
DXY possible scenarios TVC:DXY two possible scenarios about dollar index in daily timeframe + a harmonic pattern might be created soon at first I expect a pullback to the purple zone and then if it won't be a fake breakout and keeps going up after pullback , I'll be waiting for price action at 96 . I made almost everything clear on the chart , if there's any question I can answer , ask it in comments what's your opinion about it ? please mention your view in comments this is just a possible scenario , and there's no certainness in the markets
TVC:DXY
by mahdirhimi
2
DOLLAR- Time for a Correction?NFP coming up and i do not seem to agree with the 'news' : The US Bureau of Labor Statistics (BLS) will release the September jobs report on Friday, November 5 at 12:30 GMT and as we get closer to the release time, here are the forecasts by the economists and researchers of 10 major banks regarding the upcoming employment data. Investors expect Nonfarm Payrolls to rise by 425,000 in October following the dismal print of 194,000 in September. Dollar will most likely correct today. the FXPROFESSOR
TVC:DXYShort
by FX_Professor
7
Dollar: Full Top Down Analysis Update with EU, GU, AU and SilverTraders, DXY has reached one the of the targets that we had in our long term plan. We have been following the higher time frame structure which clearly pointed that the dollar index was bullish from 89.2 level. Since then our bias has been bullish irrespective of fundamentals and news. We also noticed that on the weekly timeframe, there was a W Pattern (FCP Pattern) which could push the price up. Then later we also got a double bottom at 90 level confirming a bullish scenario. Last week we were looking for parabolic move in the USDOLLAR and that's what this market gave us. It reach of the targets at 38.2 fibnonacci of the weekly M pattern. It can still go higher but because it has reached 38.2, there can be a little correction to the downside. So we will monitor this correction. This correction can turn into substantial move because there are open gaps available and historically this market has never left any gaps open. If the correction does not pick up any momentum then this market can go to 95/96 area too. On weekly time frame, EURUSD has broken through and important levels of support and has created a head and shoulders pattern. But it may try to go back up to retest some of the previous levels. AUDUSD is looking bullish GBPUSD is also bullish but does not have clear structure. Silver broke through the support level but failed to confirm it. The candle stick pattern is a bearish one so this market is something to watch out for. There is a gap at 15 which needs to be filled. Rules: 1. Never trade too much 2. Never trade without a confirmation 3. Never rely on signals, do your own analysis and research too ✅ If you found this idea useful, hit the like button, subscribe and share it in other trading forums. ✅ Follow me for future ideas, trade set ups and the updates of this analysis ✅ Don't hesitate to share your ideas, comments, opinions and questions. Take care and trade well -Vik ____________________________________________________ 📌 DISCLAIMER The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of education only. Not a financial advice or signal. Please make your own independent investment decisions. ____________________________________________________
OANDA:XAGUSD
by vikinsa
4