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Dollar_index

DXY - Long time ago in a chart not so far away...I would like to start this idea with an idea I posted nearly a year ago: Most of us here are short term traders. Some are thinking in hours , some in days and a few in weeks. The funds and banks are playing in months and years. "It is no trick at all to be right on the market. You always find lots of early bulls in bull markets and early bears in bear markets. I’ve known many men who were right at exactly the right time, and began buying and selling stocks when prices were at the very level which should show the greatest profit. And their experience invariably matched mine – that is, they made no real money out of it. Men who can both be right and sit tight are uncommon. I found it one of the hardest things to learn." J.L. Livermore We must think in longer terms ... Though the megaphone idea was a bit early it was one of the best trades during the last few months. Why is that important? DXY drives most of the currency markets and has a great effect on the precious metals. 1. The dollar has started a bear market - I think by now it's not a question anymore. 2. The intermediate cycle is right translated. We broke the previous ICL and completed the tag of the megaphone's lower trendline but there is no follow through... As I posted before the dollar decline is not going to be so simple as the rally was in 2014... There will be strong countertrend rallies, intermediate rallies. There is only one player the weak dollar is good for : USA. All the other nations will fight tooth and nails against it. The other players will use every possible chance to weaken their own currency... 3.So the time for the dollar bounce has arrived. Trump wants or not it will bounce and as it is the first bear market rally: it will be strong. The minimum is the tag of the FIBO 23,6% but I'm quite sure we will reach the FIBO 38,2% at 95,94... 4. Only when this intermediate rally is completed will the dollar be ready to break down from the topping megaphone pattern. The rally should last for minimum 3-4 weeks and maybe 2-3 months... But as you saw powers are you using the time against us so most probably this will be longer than anyone anticipates... 5. And if the dollar rallies gold most probably will not be able to print any rally in the rest of the year. I'm starting to think the whole gold rally was just a manufactured move for banks to drop some gold on the market on the highest possible price with the help of the Trump email hysteria and Kim's nuclear games. If I'm right the answer is easy what they will be buying in the rest of the year: stocks...
TVC:DXYLong
by chartwatchers
6
DXY reversal and long term buyDXY reached the low of 91.01 and it seemed to reverse at that point. That is the lowest point since January 2015. We are consolidating near the trendline which indicates that we are going to have a flag. If this was a reversal i believe we would already have been rejected and would be down. There is a chance this could turn to a 5 wave structure but it is mostly unlikely to happen. An ideal buy would be around 92.50 TP1 93.30 TP2 94.10 SL below 91.70 but if a flag happens i believe you won't even need an SL This could be used as a long term signals as DXY will start crawling it's way up to the top
TVC:DXYLong
by iAndi
1
Maybe another dip of optimism on USDSince 2015, I marked the 93-93 region as the market's most pessimistic standpoint on USD. We saw reversals from this band three times before and each time with similar market psychology. Apparently, this time is no different than the others. USD index 92-93 level might again be a good opportunity to buy the dips. As it happened before, we need a driving event for the reversal, which (I hope) might be the ECB monetary policy statement this Thursday. In case Draghi disappoints the markets on asset purchase program, a firm green engulfing candlestick might close between 94.0-94.50 by the end of the week. Even further, if upward move is supported by following hawkish FED comments on balance sheet reduction and interest rates, why not consider 97-98 region again this month? Also, I don't think that ECB is really happy with the current level of EURUSD parity.
TVC:DXYLong
by CitRoN_RouGe
8
What is the Dollar Index - DXY - USDX ?What is the Dollar Index? The U.S. Dollar Index is a geometrically-averaged calculation of six currencies weighted against the U.S. dollar Which currencies are included in the U.S. Dollar Index? The U.S. Dollar Index contains six component currencies: the euro, Japanese yen, British pound, Canadian dollar, Swedish krona and Swiss franc. What is the Formula Of DXY Here is the formula for calculating DXY: DXY = 50.14348112 × EUR/USD^(-0.576) × USD/JPY^(0.136) × GBP/USD^(-0.119)
TVC:DXYEducation
by FxCanli
40
Gold - TOTAL Solar Eclipse First Since 1776 Cross Over USA (signThere are many rabbitholes to dig deeper into, one of which are the coincidental total solar eclipses occuring specifically over a continent only viewable in that region in history corresponding with happenings. 1612 Africa, 1776 USA, 1914 Europe, 1918 Viewable for usa, 2017 USA, 2024 USA. There are many more ofc (not sure if the dates are right, taken out of my mind) Stay safe and take a moment to contemplate over what history tells us, have shown us economically speaking in regards to sound money, manipulation, debt, wealth transfer. If united we can take back our freedom across the globe. Dollar_Index keeps falling…
FX_IDC:XAUUSD
by thefreedommatrix
Question - How will you trade EURUSD? Question (I know what I'm doing, but I want to read your opinions)... During the last month, EURUSD has been trading around its 200 weeks MA line. 1.17-1.19 was a potential Sell Zone that I've mentioned in my previous analysis. On one hand, EURUSD respects the Sell Zone. On the other hand, EURUSD has managed to close above its 200 weeks MA line for the last two weeks (found support near 1.17 - 2015's high). How will you trade EURUSD in the near term future? Do you prefer to be a buyer? Or a Seller? In what conditions? Enjoy the weekend!
by themarketzone
1
EURUSD SHORT SETUPHere we have yet ANOTHER setup for EURUSD shorts, this setup needs to be followed EXACTLY in order to not enter a losing position on this trade. We need this current strong candle and current low to find a bottom then retrace up to my sell zone (two red horizontals). From the sell zone, look for sniping opportunities on lower time frames to enter sells toward the take profits given (horizontal greens). WE MAY NOT REACH THE SELL ZONE. In this case, look for a false break of the black trend line. I will also take sells from there. IF WE KEEP FALLING, and get NO RETRACE, then we may have missed our trade. I will only sell based on a solid bullish pullback given there is an opportunity on a 1hour, 30min, or 15min chart. HAPPY TRADING!
Short
by samblum_