J-DXY
DXY, VIX Down = SPY, STONKS UP. Blowoff Top Continues!Traders,
It has been an amazingly bullish last couple of weeks both in the stonk world and in cryptos. In this video I cover what has occurred from a technical basis and what I think the charts are now showing us. In short, stonks look to continue their upward trends but crypto is less certain. I also wanted to explain why I went short on a few trades. What was I thinking then and what I am thinking now? Was I too early on my entries or just plain wrong?
Stewdamus
US Dollar analysisUS Dollar analysis.
The dollar gained sharply across the board after Powell’s comments. This exaggerated reaction in just goes to show you how dovish the FX market has been leaning in recent days.
Chair Powell joined the Fed’s pushback efforts.
Powell noted that while monetary policy was working in ways it should, some households and businesses are not feeling the impact of higher rates. Powell also said the Fed is trying to make a judgment about whether it needs to do more. This is basically what Powell said at his press conference on November 1.
U.S. economy remains fairly robust.
Data highlight will be preliminary November University of Michigan consumer sentiment. Headline is expected to remain steady at 63.8,
Dollar Index (DXY): Top-Down Analysis & Trading Plan 💵
Dollar Index is currently approaching a solid horizontal resistance.
The market formed a head and shoulders pattern formation on that on a 4H time frame.
Monitor the reaction of the price to its neckline.
If a 4H candle closes below 105.43, a bearish movement will be expected.
Targets will be 105.16 / 104.97
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USDCAD H4 | Bullish bounce off supportUSD/CAD could fall towards an overlap support and potentially bounce off this level to climb higher.
Buy entry is at 1.37368 which is an overlap support.
Stop loss is at 1.36730 which is a level that sits under the 61.8% Fibonacci retracement level and an overlap support.
Take profit is at 1.38409 which is a level that aligns with the 78.6% Fibonacci retracement level.
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Dollar Index (DXY): Top-Down Analysis & Bearish Outlook 💰
Dollar Index reached a confluence point based on a recently broken
horizontal support and a trend line.
Approaching that the price formed a tiny double top pattern,
violated its neckline and a support of a rising wedge then.
We can anticipate a further decline.
Goals: 105.5 / 105.17
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Reading multi timeframe Secrethello everyone, this is my first video tutorial on this website. I hope I explained everything properly if I didn't let me know so I can make improvements...
I did have some people who contacted me how to trade, they liked my analysis so I made this video for them and also for people new to trading.. Or people who are already pro this will give a nice upgrade on there skills
for this tutorial I used DXY which is the most important index in trading and I think it's a good start for new traders so they can use DXY to trade major currencies..
please let me know how the video was?
thank you
Dxy Dropped. VIX Dropped. You Know What That Means?Traders,
SPY has bounced exactly as the charts had shown us it would do. I will briefly discuss what we can expect now in the weeks ahead as we continue our move towards the target of our blowoff top.
We will also look at a few of my short plays. I will discuss what I was thinking in entering and what I expect now.
I was stopped out of the NVDA play and will update my spreadsheet soon! BTC and SOL shorts are still on and SOL is well into profit.
Stewdamus
DXY index ahead of the Federal Reserve Perhaps this week's turnaround in the DXY correction is in its infancy?
DXY index ahead of the Federal Reserve certainly looks poised for further gains in line with the recent break of this week's highs and off today's support in the closing price of yesterday.
Fundamentals are aligned bullish also.
The risk to the Dollar would be on a dovish interpretation of the statement and Powell.
Some may argue that a 'buy the fact and sell the rumour' outcome could be the case.
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DXY Dollar Index Technical Analysis And Trade IdeaIn this video, we conduct an in-depth analysis of the DXY (US Dollar Index). Our focus lies in deciphering the pronounced bullish trend observed on higher time frames. Throughout the video, we explore prospective price targets and trading opportunities, delving into trend assessment, price action, market structure, and a conceptualised trade proposition. Please be reminded that the content herewith is designed solely for educational purposes and should not be interpreted as financial advice. It is crucial to acknowledge the substantial risk associated with currency markets, emphasising the necessity of implementing astute risk management techniques in your trading endeavours.
Weekend Update - Stocks and Bitcoin DivergenceTraders,
If you've been reading my static posts, you'll know that the SPY has reached its downside target of 410 for the head and shoulders pattern that we've been watching. It's now looking like a bounce can be expected. I'll briefly touch on what I am seeing on the SPY chart as well as the DXY, VIX, and, of course, Bitcoin.
I'll also quickly brief you all on my Bitcoin short trade and what I am expecting might occur here.
Best,
Stew
How New Dollar Highs Affect The MajorsHi my trading friends,
Have you been following the dollar and what she has been doing over this past week? If not, I got you. The dollar made a new high after pulling back in a slight downtrend over the last few weeks.
We now need to see if price can hold that high position or fall.
Let me know in the comment section below what your next move will look like!
Like this post to boost it. Reply to let me know you care.
US500 - Detailed Video Analysis 📹 From Weekly To H4Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📈 Here is a detailed update top-down analysis for #US500.
Which scenario do you think is more likely to happen? and Why?
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good Luck!.
All Strategies Are Good; If Managed Properly!
~Rich