Dollar Index - When DXY goes, so do the othersTVC:DXY
I always keep this compass and cheat sheet close to me.
Trade safe
Dollarindex
EUR/USD - What Can I say? Nice Chart entriesOANDA:EURUSD
When you have the right tools to help you visually make a decision, trust them, because in the long run, most likely you will be net positive.
Trade well
Difference - China Yuan and Offshore Yuan The Chinese yuan, also known as RMB, is the official currency of China. It is used both onshore in mainland China and offshore in international markets.
The offshore yuan, also known as the CNH (Chinese yuan - Hong Kong), is the version of the yuan that is traded outside of mainland China. It is traded in offshore financial centers, such as Hong Kong, Singapore, and London. The offshore yuan is not subject to the same restrictions and regulations as the onshore yuan.
The main difference between the onshore and offshore yuan is that the onshore yuan is subject to capital controls imposed by the Chinese government, while the offshore yuan is not subject to these same restrictions. This means that the offshore yuan is more freely tradable and can be used for a wider range of international transactions, such as international trade and investment, while the onshore yuan is more restricted in its use.
Offshore Yuan -
Standard-Size USD/Offshore RMB (CNH)
Outright:
0.0001 per USD increment = 10 CNH
MICRO USD/CNH FUTURES
0.0001 offshore Chinese renminbi per USD
CNH Option
Google search:
USD/CNH Monthly Options Contract Specs - CME Group
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Frequently Asked Questions: USD/CNH options - CME Group
Disclaimer:
• What presented here is not a recommendation, please consult your licensed broker.
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CME Real-time Market Data help identify trading set-ups in real-time and express my market views. If you have futures in your trading portfolio, you can check out on CME Group data plans available that suit your trading needs www.tradingview.com
2023 tradingdesk for the dollarHi Traders.
From now i will have one main idea, and all the ideas as we reach cycle targets for the year will be updated in the thread.
Fallow, like so you dont miss the updates.
I dont trade short term, keep in mind my ideas are longer term, and its boring.
We wait for the cycles to bottom and we wait once in the trade for the trade to mature.
DXY Projection
Expecting price action to redeliver between 101.736 & 101.654 which is the level of previous BISI
My North Star, My Compass, My Cheat Sheet - DXY Dollar IndexTVC:DXY
Most times, the Dollar Index could show me the way.
EUR/USD - Proving that the Dollar Index Really Does MatterOANDA:EURUSD
Nice moves to the upside since yesterday's NY closing.
How many littles scalp pieces did you snag?
Know when, and when not, to jump on board, as all trends come to an end sooner than later.
DOLLAR INDEX (DXY) Important Breakout 💵
Dollar Index broke and closed above a resistance line of a falling parallel channel on a daily.
The price is retesting the broken vertical structure at the moment.
I will expect a pullback from that at least to 103.0 level.
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EUR/USD - Ahead of Inflation Expectation ReportOANDA:EURUSD
Some nice SHORT moves during London and NY sessions ahead of news release.
DO we expect anything else with "any" inflation news these days?
Enjoy the tail end of your holiday.
Dollar Dollar Dollar - Always about the DollarTVC:DXY
Smooth as butter these days with the Dollar Index.
Don't trade against it when looking at your favorite pair.
It just might give you that edge.
DXY DONE FOR THE DAYDXY thank you, EU thank you, GU thank you, its been a great day trading and thanks to everyone thats been following... lets bag again tomorrow.
DXY Update:- Corrective in the correctivesHolding Longs in DXY, it broke the falling trendline and is moving up toward our first target zone
DXY FLYING AS PUBLISHEDWhat are you trading today against Dollar, we are currently up some pips on 3 pairs, can you guess what pair that is?
DOLLAR INDEX (DXY) Potential Scenarios Explained 💵
Dollar Index is approaching a resistance line of a falling parallel channel on a daily.
Depending on the reaction of the price to that, I see 2 potential scenarios.
Bearish
Because the index is currently trading in a bearish trend,
probabilities will be higher that it will drop.
To confirm that, watch a horizontal range on 1H time frame.
If the price breaks and closes below its support, it will confirm the strength of bears.
A bearish continuation will be expected at least to 101.5 then.
Bullish
The market may break the resistance of the channel.
If a daily candle closes above that, it will confirm the violation.
A bullish movement will be expected to 103.0 level then.
Wait for a confirmation & then follow the market.
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Dollar trades at recent lowThe United States Dollar Index approached the key support region but managed to trade above on the later day of the week.
The Dollar may continue to consolidate between 101.49 to 102.75 region. Dollar upside can only be considered when 102.75 resistance region is breached.
De-dollarisation could benefit GOLD De-dollarisation drive could push the gold upwards as the world will look for alternatives.
Above 2072 resistance level, there is a clear bullish view for gold.
DOLLAR INDEX - FUNDAMENTAL DRIVERSAn extended period of U.S. dollar depreciation is fast approaching. The greenback could be relatively stable in the near term. There is some potential for safe-haven support for the U.S. dollar, but further Fed tightening should be modest, and global central bank actions to make dollars more readily available will likely provide an offset to potential dollar strength. Thus, we expect the U.S. currency to come under renewed pressure before long, with the U.S. economy expected to fall into recession later this year. Aggressive Fed easing starting in Q4-2023 should add to downside pressures for the greenback.
Dollar Index (DXY): Bearish Outlook Explained💲
Dollar Index is trading in a minor bearish trend on a daily.
The market is steadily falling within a falling parallel channel.
The market is currently approaching a very important confluence point based on a resistance of the channel
and a broken horizontal resistance.
I believe that chances will be high to see a bearish move from the underlined zone to 101.0 level.
Alternatively, remember that a bullish breakout of the resistance of the channel will initiate a correctional movement on the index.
❤️Please, support my work with like, thank you!❤️
DXY:- Corrective in the correctivesThis can be a great up move if wave B consists of (WXYXZ) instead of (12345) as marked...on the conservative side marking it as wave A of wave B, taking this Long trade as DXY is taking support from the Daily Support.
DXY NEW WEEKLY OUTLOOKOn the 4th of April, price made a significant move on dollar, price broke to the downside sharply cause XAUUSD to fly over 500 pips.. since then we have been on a pullback, this does not mean price is now bullish, it is just a retest and i am still selling dollar... next week will be fire the way i am seeing it, watch out for price action.. I will be selling dollar and Buying GOLD, target should be around 2050.. be prepared.. its good friday today, enjoy your Easter, see y'all next week.
AUD/JPY - Tight RangeOANDA:AUDJPY
Tight range for this pair.
Started to watch this late yesterday and early into todays FX sessions as maybe, just maybe the Aussie's and Japanese market makers would make some moves before the holiday weekend as there were first up in line.
Didn't happen, tight range under 70 pips for most of the major pairs.
AJ couldn't break below this support area all night/morning long
Trade Smart
Trade well
