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Dxytradingsetup

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
20 REASON FOR SHORT DOLLER INDEX1 Structure analysis time frame DAILY 2 target time frame :DAILY 3 Current Move : IMPULSE 4 Entry Time Frame : H4 4.1 Entry TF Structure: BEARISH 4.2 entry move : RETRACEMENT 5 Suppot resistence base : H1 ORDER BLOCK BLOCK 6 FIB: DISCOUNTES AREA 7 candle Pattern: MOMENTUM ENGULFING 8 Chart Pattern: RISING WEDGE BREAKOUT 9 Volume : DRIED 10 Momentum UNCONVENTIONAL Rsi: SIDEWAYS 11 Volatility measure bollinger bands: POSSIABLE DIVERGENCE MOVE 12 strength ADX: BEARISH 13 Sentiment ROC: STRONG BUT ITS A DAILY CORRECTION 14 final comment : GOING DOWN FOR A FINAL TARGET 15 : decision SELL 16 Entry: 110.540 17 Stop losel: 111.090 18 Take profit: 108.260 19 Risk to reward Ratio: 1:4 Excepted Duration : 4 DAYS
ICEUS:DX1!Short
by Optimum369
DXY remains extremely strongIn my previous DXY analysis I said that 113 should provide strong resistance and a drop from here is probable. Although we indeed has a drop, this was short-lived and didn't reach my 110 target and reversed from the ascending trend line indicating that bulls are not done yet. Now the price is again close to this resistance and the Morning Star candle formation combined with yesterday's Pin Bar gives us an indication of upside pressing and imminent upbreak. Confirmation for this bullish outlook comes with a break above 113 and, considering the 400 pips base of the symmetrical triangle, the target can be around 117. A break under recent low would put a pause in this bullish scenario.
CAPITALCOM:DXYLong
by Mihai_Iacob
4