J-DXY
DXY Technical Analysis & Forecast - Has Anything Changed?Traders, Not much has changed on DXY. The dollar index is still struggling between FCP zone and its bullish strength. If we get a break and confirmation above the FCP zone, this can still go parabolic. In this DXY (Dollar/USD) Technical Analysis & Forecast we see various scenarios along with EURUSD situation.
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2. Never trade without a confirmation
3. Never rely on signals, do your own analysis and research too
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-Vik
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📌 DISCLAIMER
The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of education only.
Not a financial advice or signal. Please make your own independent investment decisions.
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2022 Forecast of Chaos DXY and it's effect on EU GU etc.In this forecast I am predicting what will happen somewhere between first and second quarter 2022. I expect that volatility will be injected into the markets allowing central banks to clear liquidity on both the buy and sell sides, wiping out many retail traders. The camouflage of a crisis event i.e. higher covid rates, or some sort of terroristic event can/will be used to whipsaw price back and forth creating and similar pricing event to what was seen in 2020. Then I expect that dollar will continue bullish into the 3rd quarter. while opposing currencies crumble.
Have a prosperous year,
Amongst your Getting, GET UNDERSTANDING!
EURUSD BREAKOUT WE'VE BEEN WAITING FOR? IT'S GO TIME.I have the EURUSD at this point going bullish.
Ultimate TPs 1.1550...definitely at least to 1.14350.
1. We're seeing a significant breakout to the upside on the symmetrical triangle, and retesting at the prior support turned resistance.
2. Fundamentally, you have all you can ask for, for a bullish run to the upside.
3. Break of structure to the upside on significant time frames such as the 4H and Daily.
4. We're seeing a triple bottom on the Daily indicating a good setup for an expansion northwards.
5. A possible Wyckoff acumulation #2 scheme playing out.
6. Seasonality maintains that EU go bullish this time of year, and conversely the USD go bearish.
7. Have you seen the DXY? Sometimes charts look better inverted and the DXY (opposite of EU) appears to be hanging by a thread from a bearish plunge.
This is not financial advice. Trade at your own risk. Good luck.
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DXY dollar index Technical Analysis, tweezer top on the weeklyTechnical analysis for the DXY dollar index, the index formed tweezer top on the weekly chart, which is a signal for a pullback. The first target for the pullback, the 0.386 FIB retracement at 95.55, was achieved. The second target is the 0.618 FIB retracement at 94.70. The support and 0.618 FIB retracement at 94.70 will be monitor by a lot of traders and institution for potential rejection and resumption of the bullish trend.
How To Trade GapsIn this video I cover how you can trade using gaps on the DXY.
Since you cannot trade the DXY directly, you can trade usd cross pairs. In specific, EURUSD.
EURUSD and DXY have a high inverse correlation. Therefore when 1 is going up, the other is going down.. and vice versa.
I hope you enjoy this video!
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DXY and USD Cross Pair Sunday AnalysisWhatsup traders! In this video I'll be covering where I see the dxy heading next and how I will be looking to trade this week.
My biggest concern this week is that there is a TON of high impact news - including NFP.
I do not want to get caught on the wrong side of the market during NFP so I don't even trade that Friday.
In weeks like this, I will look to capitalize during the start of the week. I have entered a position on USDJPY, however, things aren't looking to promising. I have moved my stops to BE and will let it play out.
Let's see what the market gives us and remember to be patient. There is no need to rush into positions this week because it is going to be highly manipulated.
Cheers
Dilpreet
Can The Bulls Push The Dollar Higher?The Dollar index topped 96.00 last week and is now retracing. The bulls can potentially push price higher again if price can stay above the higher low at 95.51.
In this video, I've also added USDDKK which is a positively correlating currency pair. Take look and be sure you're following me here on Tradingview and Youtube(SLFX Trading).
Have a safe trading week.
Weekly outlook for Major Forex Pairs Hi there!
This is my own view on for the upcoming week for most of the major pairs.
DXY looks bearish, so im looking to short USD and bullish on other pairs.
---Disclaimer---
I am not a registered financial adviser and hold no formal qualifications to give financial advice. Everything that is provided in this video is purely for educational purposes only. All information here should be independently verified, researched and confirmed.
Trading foreign currencies can be a challenging and potentially profitable opportunity for investors. However, before deciding to participate in the Forex market, you should carefully consider your investment objectives, level of experience, and risk appetite. Most importantly, do not invest money you cannot afford to lose.
USDCHF 5%+ | Play Of The Day - Nov 25Welcome to my Trading Play of The Day. My Name is Dilpreet and I will be covering a 4 step trading setup on price action from USDCHF today Nov 25 2021.
The 4 step trading process is simple.
1. Range
2. Initiation
3. Mitigation
4. Continuation
If you are interested in learning more from me, don't forget to drop a like and subscribe.
Much Love
Dilpreet