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Dxylong

DXY Ready to Test Yearly Resistance We are through the point when The Federal Reserve was giving it a break to the strengthening USD, lower support remained intact at 104.6. As told by Powell, they are going to hike rates on public debt one last time during the September FOMC for the year 2022. Well, the market is responding to the very hint of it. Retailers have switched to long shots on DXY and shorts on commodities. Chances are, we might see DXY testing yearly high again. Trading Suggestions: 1- We might see DXY between 108.7 and 109.10 2- Breaking higher than 109.10 we can expect higher levels continuing to aid the strengthening USD 3- For now, let us not trading anywhere against USD 4- Precious metals are heading lower, we might see 1680-1720 on Gold, and lesser than 18.50 on silver again but there are a few levels both of them must cross to see it happening 5- Should DXY make a double tops here at 108.7 level, we are heading lower on USD and higher on other derivatives against USD Note: Ensure proper risk management, Happy trading and happier profits :)
INDEX:DXYLong
by Uzi-Trades-Forex
XAGUSD SWING SHORTSpot Silver has been in a general downtrend albeit it with a short rally. On the weekly chart the context of the rise in the stochastic RSI to over 60 and the MACD approaching a K and D line touch as well as the print of a weekly candle as a red Doji after the recent federal minutes release and another federal calendar event on 8/22 I will take a short on spot silver. The stop loss will above the POC of the high volume area on the profile or $20.2 for a $0.4 less while the target will be just above the recent market low on July 11th at $18.15 ( green horizontal) for a profit of $1.65 per . This makes for a reward to risk of about 4.
OANDA:XAGUSDShort
by AwesomeAvani
US DOLLAR (DXY) ARE WE STILL BULLISH? DAILY TF ANALYSISLooking at the trend, it's obvious that we're in the bull market for DXY. we can only see higher highs and higher lows for the this currency. However, for the major news later, we may anticipate a double top formation when the price reaches at 108.78 key level. If the price breaks this key resistance level, we may expect a trend continuation to the upside. The level I'm seeing a major pullback is at 120 key level but this may chage depending on the economic factors that we will be seeing for the next coming weeks. TIP: ALWAYS FOLLOW THE TREND.
TVC:DXYLong
by JuanCrlsTrades
2
A DXY ENTRY I MADEHello traders! although this move has already started happening, I just wanted to share this entry I made on DXY. From my previous post, I expected DXY to go lower but, due to change in price action structure, my strategy suggested this entry. The marked resistance area has been tested multiple times and I think that due to the current movement around the area, it will get broken this time. After the anticipated break, I'll wait for a retracement back to this level for another entry.
TVC:DXYLong
by donaldemmaogbame
EURUSD is falling and can't get back up!The narrative for this evening's set up goes as follows: As of Tuesday Aug 9, 2022 8:18pm EST: EURUSD only gave us 43 PIPS of the 88 PIP ADR Range. From this simple assessment we know we have another 44 Pips to go before EUR hits that 88 Pip Extreme. The DXY has opened bullish but left a small Gap which it may retrace into soon and then head north. The fundamentals all point to the EURUSD dropping below parity levels this week. Vs the DXY which is looking very Viral and STRONG:) Like a young buck. Therefore a SHORT on EURUSD is a very high probability trade set up given all of the confluences I listed. Never over leverage. Trust your trade set up. Have Fun. I Am Pro Trading made Simple. We are #SniperGang EVERYBODY EAT$
Short
by Master-Jedi-Trader
GBP/USD trade idea! This is a possible setup for GU if the dollar continues to be bullish for this upcoming week. Last week on Friday, we had NFP push the DXY in the buyers direction with positive figures like; the unemployment rate dropping to 3.5%. Now, you will notice that price has been making LL's (Lower Low's) on the 1H time frame followed up by the engulfing bearish candlestick that NFP influenced. Price could potentially drop down to 1.19280 which would hit each of those TP zones that I'm using from previous market structure that was created by using their HL's (Higher Low's) points. OANDA:GBPUSD
Short
by GeoRiches
Bullish USD and Impact on Precious MetalsThis Idea is in reference to my previous idea regarding precious metal Gold (see related ideas). It is paramount to monitor the strength of USD in order to gain a better insight of the possibilities of next big move on metals. As far as the strength of USD is concerned, I do not see any valid reason for why it should lose any strength. Here are my reasons and observations: Technical perspectives: 1- We recently observed a proper bullish engulfing on daily timeframe on $index 2- DXY ($index) needs to fall lower than 104.4 at least, so that we can move ahead to selling it to the next support level but it did not 3- Lower trendline is still intact on DXY Macroeconomy: 1- Recent news from The Federal Reserve greatly favor the strength of USD in the international market (Hiking interest rates, NFP, FOMC etc.) Why should it bother you as a trader? I have observed that precious metals are one of the favorite instruments for retail traders. As USD gains in the international market, the metals fall! Therefore, it is paramount that you guys understand that USD has no sign of losing strength in the international market so far. Therefore, whatever bullish movements that you are witnessing on metals, and everywhere else against USD, are very likely to be corrections and a trap for the bulls. Conclusion and suggestion: Avoid short positions on USD anywhere in the market!!
CAPITALCOM:DXYLong
by Uzi-Trades-Forex
6