Dxysignals
Long $DXY against 92.50Hello Sophisticated Trader,
Our last analysis was 300+ in gains, now the DXY has found some support and is due for a bounce. Currently, a close back above 93.00 suggests a test of 94.00, oversold conditions also support this and only a close below 92.50 would negate this bounce.
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Dr. Lydia Smith
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U.S. DOLLAR CURRENCY INDEX LONG UNLESS WE GO INTO A RECESSION LIVE MARKETS U.S.-Durable goods rebound at end of what was likely a historically bad quarter
* Major stock indexes gain, Nasdaq in the lead * Materials, tech biggest gainers among S&P sectors; Utilities lag * Gold higher; crude, dollar down; US 10Y Treasury yield ~0.59% NE…
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TITLE/DATE BUY DXY/USD
ASSET forex/ dollar (dxy)
Platform-MT4
ENTRY 1 93.48✅ (market execution)
ENTRY 2 92.28 buy limit order
SL 91.98
TAKE PROFIT 1 $94.58
TAKE PROFIT 2 95.58
TAKE PROFIT 3 96.58
TAKE PROFIT 4 97.58
TAKE PROFIT 5 98.58
status- entry 1 active
DXY - BIG MOVESPreviously at the marked level of support price shot up through a level of resistance and all the way to the second level of resistance
I anticipate the same thing happening again.
I placed a buy last week and price shot up only to come back and test support BUT i see price shooting off again to the moon
Short $DXY against 98.00Hello Sophisticated Trader,
Our long DXY from Last week did go and test resistance. This coming week, the $DXY has seemed to test a double top and is likely to test the bottom back at 96.25. So, I'm looking to short the DXY for a test of the bottom of the current range to find support for the month ends.
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Dr. Lydia Smith
Where we teach you what you need to know to be a profitable trader.
Long $DXY Analysis
Hello Sophisticated Trader,
The $DXY has finally broken above the 97.00 resistance and the 100 MA on the 4hr, this is indicating a possible move up for the bull for another test of 98.00 and possible 99.00. This is extremely helpful when trading, as the dollar index has become the main market driver. In addition, the renewed coronavirus fear most likely have an impact and support the DXY over the coming week.
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Happy Trading!
Dr. Lydia Smith
Where we teach you what you need to know about trading.