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J-DXY

DXY Technical Analysis & Forecast -Gone Parabolic, Targets Hit!Traders Dollar has gone parabolic as expected and has been gaining strength. We have been holding our long bias since 89 level. DXY can go much higher from here is the momentum picks up further. However there are few levels on dollar index which you should be aware of. In our analysis we always look at both bearish and bullish scenarios so that we can plan our trades better and are aware of possible risks. In this DXY (Dollar/USD) Technical Analysis & Forecast, lets find out what dollar has been doing and what levels we should be aware of. On the bull side we have: 1. Inverse head and shoulders pattern 2. Double bottom 3. W pattern formation 4. Channel upper end level 5. Parabolic nature On the bear side we have: 1. FCP zones above ahead 2. Gaps left at the bottom which will get filled at some point sooner or later 3. Slightly over bought conditions Rules: 1. Never trade too much 2. Never trade without a confirmation 3. Never rely on signals, do your own analysis and research too ✅ If you found this idea useful, hit the like button, subscribe and share it in other trading forums. ✅ Follow me for future ideas, trade set ups and the updates of this analysis ✅ Don't hesitate to share your ideas, comments, opinions and questions. Take care and trade well -Vik ____________________________________________________ 📌 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. ____________________________________________________
TVC:DXYLong
by vikinsa
2
DXY and EURUSD Analysis Nov 7What's going on my friends. This is a quick analysis of the US Dollar and EURUSD. Because Friday was NFP, and moves were heavily manipulated, I want to take it slow on Monday and let the market show me more sentiment. On a 1H/4H structural basis on DXY, we are starting to get bearish. Demand did not hold and supply is currently in control. On a HTF basis, DXY is still bullish and we want more confirmation before trying to trade a top. Since EURUSD is inversely correlated with DXY, it is the complete opposite bias. Inverse correlation means when DXY goes up, EURUSD goes down. It also means when DXY goes down, EURUSD goes up. Price has broken 4H supply on EURSD and demand is currently in control. Let's see what opportunity the market presents tomorrow morning for the NY session. Cheers Dilpreet
Long
by justlivingmylife
CHF/JPY on watch for me today.CHF/JPY: • If price pushes up to and ideally just above our upper rayline, then regardless of how it does so I'll be waiting for a convincing impulse back down followed by a tight one hour flag and then I'll be looking to get short with either a reduced risk entry on the break of the flag or a risk entry within it. • If my entry requirements are not met then I will simply wait until another setup which meets my plan materialises. • If there's any ambiguity then I will not place a trade on this pair.
Short
by StewySongs
1
No Forecast (AUD/CHF Trade Update).No Forecast (AUD/CHF Trade Update). The market looks like it needs a little time to develop some lower time frame structure where many pairs are concerned, but if there has been some development by the end of today then I'll obviously bring you another forecast tomorrow morning by way of another forecast. Patience always pays folks and I'm in this game for the long haul, not with the intention of "getting risk quickly" like a large percentage of my fellow market participants but with the intention of continuing to generate wealth for myself and my family steadily and when you let the market come to you as opposed to you chasing the market you'll feel empowered as I always do and this is going to increase your confidence in your trading ability as it has mine which is vital to our success as traders.
Short
by StewySongs
1
EUR/AUD on watch for me today.EUR/AUD: • If price pushes down to and ideally just below the lower trend line of our most recent piece of structure and the last part of the move is corrective, then I'll be looking to get long with a risk entry either after a phase line break, or just above a one hour or a fifteen minute rejection from it. • If my entry requirements are not met then I will simply wait until another setup which meets my plan materialises. • If there's any ambiguity then I will not place a trade on this pair.
Long
by StewySongs
Dollar: Full Top Down Analysis Update with EU, GU, AU and SilverTraders, DXY has reached one the of the targets that we had in our long term plan. We have been following the higher time frame structure which clearly pointed that the dollar index was bullish from 89.2 level. Since then our bias has been bullish irrespective of fundamentals and news. We also noticed that on the weekly timeframe, there was a W Pattern (FCP Pattern) which could push the price up. Then later we also got a double bottom at 90 level confirming a bullish scenario. Last week we were looking for parabolic move in the USDOLLAR and that's what this market gave us. It reach of the targets at 38.2 fibnonacci of the weekly M pattern. It can still go higher but because it has reached 38.2, there can be a little correction to the downside. So we will monitor this correction. This correction can turn into substantial move because there are open gaps available and historically this market has never left any gaps open. If the correction does not pick up any momentum then this market can go to 95/96 area too. On weekly time frame, EURUSD has broken through and important levels of support and has created a head and shoulders pattern. But it may try to go back up to retest some of the previous levels. AUDUSD is looking bullish GBPUSD is also bullish but does not have clear structure. Silver broke through the support level but failed to confirm it. The candle stick pattern is a bearish one so this market is something to watch out for. There is a gap at 15 which needs to be filled. Rules: 1. Never trade too much 2. Never trade without a confirmation 3. Never rely on signals, do your own analysis and research too ✅ If you found this idea useful, hit the like button, subscribe and share it in other trading forums. ✅ Follow me for future ideas, trade set ups and the updates of this analysis ✅ Don't hesitate to share your ideas, comments, opinions and questions. Take care and trade well -Vik ____________________________________________________ 📌 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. ____________________________________________________
OANDA:XAGUSD
by vikinsa
4