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EXY

DXY and EXY correlates negatively !! EUR/USD SHORTHy trader, good mood and profitable trades ! 💲 In the 1h chart we can see a negative correlation between DXY and EXY. While DXY broke out of the falling wedge with a nice kick, we saw EXY break out of the rising wedge. In the Dollar index I see a nice bottom formation with HLs and a HH. In the Euro Index we can see a top formation with LLs and LH ! My trading plan for this week: EUR/USD SHORT I would like to mention that all I post are just options and my own opinion ! Always trade with SL, and do not risk more than 1% of your portfolio (max 3%) per trade. Unfortunately, my english is not so good and I work with google translate, but if you have any questions I will be happy to answer them . ➡️If you like my posts smash the like👍👍 button, comment or follow me.⬅️ Thanks for reading my ideas, Trade save!!
TVC:EXY
by TR7z
16
EXY is at a critical turning point.EXY is at a critical turning point which will judge its course in the future. Looking at the data in the charts, it is obvious that the sellers are trying to lead the index to lower price levels. Starting from the analysis of the trend and its momentum, in the price chart on the left, there is a downtrend lately which has led to the break of the lower limits of the uptrend channel, creating two lower lows as well as two lower highs. Continuing the analysis with the averages, which follow the trend, it seems that a change in the direction followed by the prices is imminent. Specifically, the position of the green average, it is the one that indicates the type of the trend, and its attempt to go below the white average is an indication of an impending change in the direction of the price. Then the data from the MACD show a weak momentum, at the moment, which does not cease to be negative. Looking back at the chart, however, the MACD’s momentum was not as strong as now and the green average did not try to break the white in the previous attempt of the sellers to lead the EXY to lower levels. These data may lead to the conclusion that this may be the beginning of a downward trend in EUR Index prices. On the other hand, focusing on the data that arise from the analysis of support and resistance levels, there are some points of interest that need special attention to make any decision. At this point I should mention that some levels of Fibonacci Retracement and Expansion have been deliberately removed as well as several levels of support and resistance have been omitted to make the chart as clear as possible. In the findings of the analysis, it is obvious that the downward trend of prices stopped right at the confluence of the levels 100.0FE and 61.8FR as well as at the support level 119.00. Also, the fact that the fall was stopped at 61.8 FR, which is an important limit in the study of Fibonacci levels, testing it twice in recent times, it is concluded that the dynamics of sellers, at present, is not enough to push EXY to lower price levels than currently. Some very critical levels that are formed after the application of the Fibonacci tools as shown in the chart are the resistance levels 119.8 and 123.0 as well as the support levels 119.0 - 116.3 and 113.5. Considering the above findings, the conclusion is that the index is at a very important price level. A breakout of the 119.0 level could lead to a further drop to the 116.3 price level and then to 113.5. On the other hand, the possibility of prices breaking 119.8 may lead to higher price levels, initially up to 123.0, and in the end, the downward trend of the last period may be considered as a correction.
TVC:EXY
by UnknownUnicorn214400
2
12-Year Downtrend broken, what's next? Confirmed Uptrend?TREND: Lowest Low = 2017 Last High = 2018 Higher Low = 2020 Higher High = ? When we make an higher high above current STRONG RESISTANCE you could say that we are in an confirmed uptrend. STRONG RESISTANCE: 122.5 - 124.5 This zone accounted 3 times as support, one breakdown in 2015 and then acted 2 times as resistance. You do not want to forget this important S and R Zone when price breaks out of this zone, look for entry on breakout or the retest CURRENT SUPPORT: 114 - 116 S&R-Flip that happend in November Lines up the with 0.5 Retracement (Dow theory) Last summer we have broken a 12 year downtrend wich could be accounted for new support This is the aggressive buying zone, for the ones who likes some more risk TARGET REVERSAL PATTERNS: 138 - 140 Target based on measurement off Inverse Head&Shoudlers and Double Bottom Also had 3 Knock outs (Hammer) out of this zone in the past
TVC:EXYLong
by Delzeyne
3