Dollar_index
DXY IN LONGTERM VIEWHello everyone, hope everyone doing good,
(Not a financial advice)
After Analyzing DXY/Dollar, in Longterm view Dollar is doing something similar to the past and present.
FALL A -----> STOP/CONSOLIDATE/CUP SHAPE----->UPTREND/PARALLEL CHANNEL----->TOPPING PROCESS/BEARISH DIVERGENCE---->FALL B------> STOP/CONSOLIDATE/CUP SHAPE------>UPTREND/PARALLEL CHANNEL--->TOPPING PROCESS?/BEARISH DIVERGENCE NOT CONFIRMED YET.
DXY in long term it was in massive downtrend in huge Descending triangle, it did Breakout but we have to see if it will back test the top level of Triangle or not.
Once if Bearish Divergence is Confirmed most likely it will come back to the lower levels may be 80 or 70.
Currently it's in the process of making Bearish Divergence in RSI moving in upside direction in the chart.
To my guess most of the markets will be paused/go sideways for little long term, once Dollar gets failed to move in upside Direction.
After Analyzing dxy/dollar, the momentum of going up is reducing consistently, looks like DXY/Dollar will come down.
Thank you, stay safe, stay smart.
Dollar | What The Heck Is Going On?The dollar has been in a range of consolidation since a new low at 103.30 was made December 14, 2022. This has made trading the majors not the best decision as of late.
What can you do?
The best thing you can do is wait for price to make a new lower low or a new lower high. There is no need in guessing which way the dollar will go until she shows you her hand.
Should you trade?
There are other minor currency pairs with amazing opportunities. You job, my friend, is to go find those opportunities and trade them. Consider looking elsewhere for your trading opportunities following your trading rules.
Or...
Since this is the last trading week of the year you could rest and reflect on your performance this year so you can prep for next year. I choose to do the later of both of these options, but you have permission to do as you wish.
As for now, the dollar is chilling. I'm about to do the same.
Thanks for taking the time reading my thoughts on the dollar. Like this post to boost it. I appreciate you.
DXY price prediction for dialy time framehello guys
i think DXY going to test the support zone again and if this support area will break it going to fall around 100
share your idea with me for DXY
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DXY (Dollar index) 4H: 19/12/2022
As you can see, price touched monthly support and had a bullish reaction.
Now if price can stay above 103.380 and break previous minor high, it can move upward.
You can see the resistances on the chart.
Final goal is FVG.
💡Wait for update!
🗓️19/12/2022
🔎 DYOR
💌It is my honor to share your comments with me💌
DXY (Dollar Index) End Of The Year Full Analysis UpdateTraders and investors, DXY (Dollar Index) is still bullish and may continue to rise up. In the coming days or weeks please pay close attention to the price action before making sort of decisions in the market. Irrespective of the asset class or the market that you are trading, make sure that you are watching dollar as it can change impact your trading plan. In this End Of The Year Full Analysis Update we study some of the scenarios and possibilities which can result in great trading opportunities.
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USDCAD 3H: 08/12/2022
If price break 1.35884 and move upward, we can find a high opportunity chance for short entry setup around 1.36557
This is not trading or investment advice or recommendation is for informational and educational purposes only.
💡Wait for update!
🗓️07/12/2022
🔎 DYOR
💌It is my honor to share your comments with me💌
DXY (Dollar index) Daily TF: Let's see!On the downtrend, there are important monthly and weekly resistances that I expect the price react to them.
Currently there are two scenarios against the price:
1: Continue its downward movement 📉
2: Move to higher levels to collect liquidity 📈
💡Wait for update!
🗓️07/12/2022
🔎 DYOR
💌It is my honor to share your comments with me💌
DXY is heading for another downturnCentral banks around the world are rapidly raising interest rates, while at the same time the US fed is showing hints that it will slow down interest rate hikes. This means that USD will be less valuable since there are more and more currencies that offers more than the dollar.
SMOM Agenda 101: The Almighty Dollar has its days numberedThe Sovereign Military Order of Malta, officially the Sovereign Military Hospitaller Order of Saint John of Jerusalem, of Rhodes and of Malta, commonly known as the Order of Malta or Knights of Malta, is a Catholic lay religious order, traditionally of a military, chivalric, and noble nature founded in 1048 and still active today.
The City of London Corporation, officially and legally the Mayor and Commonalty and Citizens of the City of London, is the municipal governing body of the City of London, the historic centre of London and the location of much of the United Kingdom's financial sector.
There is no surviving record of a charter first establishing the Corporation as a legal body, but the City is regarded as incorporated by prescription, meaning that the law presumes it to have been incorporated because it has for so long been regarded as such (e.g. Magna Carta states that "the City of London shall have/enjoy its ancient liberties"). The City of London Corporation has been granted various special privileges since the Norman Conquest, and the Corporation's first recorded royal charter dates from around 1067, when William the Conqueror granted the citizens of London a charter confirming the rights and privileges that they had enjoyed since the time of Edward the Confessor. Numerous subsequent royal charters over the centuries confirmed and extended the citizens' rights.
The Rothschilds are the wonders of modern banking ... we see the descendants of Judah, after a persecution of two thousand years, peering above kings, rising higher than emperors, and holding a whole continent in the hollow of their hands. The Rothschilds govern a Christian world. Not a cabinet moves without their advice. They stretch their hand, with equal ease, from Petersburgh to Vienna, from Vienna to Paris, from Paris to London, from London to Washington. Baron Rothschild, the head of the house, is the true king of Judah, the prince of the captivity, the Messiah so long looked for by this extraordinary people. He holds the keys of peace or war, blessing or cursing. ... They are the brokers and counselors of the kings of Europe and of the republican chiefs of America. What more can they desire?
A bearish look on the dollar indexThe Dollar Index is still under a bearish outlook in the coming week, as it has a downtrend that it may test for the third time in a row, and if it fails to breach it, it may return to the 102-103 levels.
What do you think, does the dollar complete its downward trend? Or will the dollar have another opinion?
The four golden rules of trading
1 Don't be greedy
2 Always use stop loss
3 Never add other positions to the losing positions
4 Use a suitable lot for your account
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