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Dxytradingsetup

Plan A or Plan B on this index?Hello, my dear friends and fellow traders. What we are going to look at today is the US dollar index. When looking at the daily chart this is a good setup for the price of this index to go up. if we see if this index can be taken long position, according to the daily time scale in this index, it is at the lower side. Very dangerous one to take a long position. But it has the potential to go up. So, keep the trailing stop small in this. If you take it for a long time, there is a 1:2 RR chance of giving it. Also, it has a 1:8 chance of giving a good move to go up. However, due to the current opposition, there are chances to stop this rally. So, the first profit target in this should be 1:2. Then if you want you can keep 1:8 but it depends on the system. Till then wishing you a good luck on this strategy. See you in my next post. It is wise to follow your risk management before taking entry. I love to share my ideas. Feel free to revise the text and provide feedback. It makes it so personal and improve us in better ways. CAPITALCOM:DXY Thanks & regards, Alpha Trading Station Disclaimer: This view is for educational purpose only & any stock mentioned here should not be taken as a trading/investing advice. We may or may not have position in the stocks mentioned here. Please consult your financial advisor before investing. Because Price is the "King of Market".
CAPITALCOM:DXYLong
by AlphaTradingStation
Dollar Index (DXY) still in uptrendsAccording to the DXY market chart, the uptrend continues, as it has since 1981. According to the GDP growth data of 1980 to 1982. GDP was negative for six of the 12 quarters. The worst was Q2 1980 at -8.0%.24 Unemployment rose to 10.8% in November and December 1982. It was above 10% for 10 months. From 2020 to 2022, the GDP was negative for four of the eleven quarters. Q4 of 2022 is pending, but the overall GDP situation is the same; the rate hikes are higher to combat inflation. In 2020, unemployment during the COVID period was 14%, but overall after COVID, it was around 3.7%. The market structure of DXY says the recent decline of DXY is a market uptrend signal. The support level is from December 1981 and the resistance is the same as in August 1981.
TVC:DXY
by humairqureshi
2
US Dollar Currency Index (DXY)US Dollar Currency Index (DXY) 1W hollow candlesticks After an ATH (All-Time High), the US Dollar Index appears to be finding its first major support area, which occurs from the golden ratio of the Fibonacci Retracement sequence. Two triangles are formed, two ascending triangles. In the first triangle, the breakout will occur at the end of 2022. Certainly from the new year, it is most likely to break the Resistance area, located at 103.650, as it will then enter the second smaller triangle. Towards the end of 2023 or even earlier, seems to be the next support area, which is clearly seen by the extension of a second Fibonacci Retracement. The point is that the dollar is starting to lose value, while the euro is gaining, as also Forex market is starting to lose ground. That's for now. Good luck. #CryptoHellas Team
TVC:DXY
by CryptoHellas
1
DXY AFTER CPI AND PPI US RELEASEHELLO DEAR TRADERS I think we have currently created a short-term bottom on DXY and we need to go retest the zone of interest US PPI release yesterday was lower than expected and these numbers did not help us at all. Dollar takes another hit. We will see how the FED reacts in mid-December to the positive feedback from the economy due to the increase in interest rates The current one-time declaration of inflation numbers smaller than expected does not seem to me to be enough for the dollar to change its current trend. I haven't seen a single statement from the FED that they currently plan to ease the monetary policy of aggressively raising rates. If this opinion is still in their statements in December, despite the current numbers, I think we will go lower again on the equity markets. Do not forget that November and December may once again be the months when inflation shows that it is not yet at its peak. People spend a lot on Christmas
TVC:DXYLong
by Crypto-Frantisek
3
GOLD TRADING IDEA 16 NOVEMBERAs per our last gold analysis reports , we have been supporting gold bullish bias, the reason being the improved CPI report sentiment holding more weight as well as the producer price index yesterday adding on it, summarizing all thing the new fear , uncertainty & doubt , new war sanctions by US on Russia & Iran , Poland uncertainty causing the demand in safe heaven, so fundamentals & Technical are still supporting our bullish bias in gold, We have retail sales data today @ 7.00 PM IST, which will be a kicker for any upside or down side direction. Trade setups for today. 1. Pullback to 1765-1766 is buy Targeting 1785-1786 2.Break above 1781 is buy Targeting 1800 3.A short pullback to 1768-1770 is buy Targeting 1790-1795. 4. A deeper pullback to 1801-1802 is sell targeting 1770. 5. Safe sell below 1763
OANDA:XAUUSD
by Fxoverseas