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J-DXY

Dollar: Is A Massive Drop Or Bear Trap Coming?Traders, Dollar has gained very bad reputation in last few months which has been fulled by media reports, blogs, videos and whatnot. But that is the beauty of financial markets. They are never Black and white. An analyst must overcome their own bias and try to think alternatively and objectively. So a trillion dollar question is: Is Dollar dying or it is creating a bear trap? Every one seems to think and know that it is dying. That makes the market black and white. So to add a shade of grey here, what if it is not dying and actually creating a bear trap? That changes a lot of things right? :) So In this analysis and in my previous one I have tried my best to warn of all those possibilities. I present you all possibilities. ✅ 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. ✅ If you found this idea useful, hit the like button, subscribe and share it in other trading forums. 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
18
DollarIndex (DXY) Multi Time Frame Analysis & Important LevelsTraders, Dollarindex is an important tool in analysing markets. In my opinion everybody should pay attention to what Dollar is doing as nearly all markets are directly or indirectly are dependent on USDOLLAR. In this Multimeframe analysis we are going to see where we are and what sort of opportunities are available based on the market structure and Fibonacci. There are multiple FCPPatterns which we can benefit from. If you found this idea useful, hit the like button and subscribe. If you have your own ideas to share on this market or have a question, comment below so that we can discuss. 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:DXY
by vikinsa
8
#DXY #Dollar What's Happening? - Full In Depth Top Down AnalysisTraders, In this post we are looking at multitime frame analysis of DXY (Dollar). Dollar seems to be losing it strength right now in US Elections time but always keep an eye on the bigger picture. It is always the bigger picture that Institutional traders and banks are looking at. Expand your vision and do multi time frame analysis to see where we have bearish and bullish opportunities. Then simply go with the flow of the market. DXY (Dollar) in the medium to long term can still be bullish especially in the new year. But for now there are good bearish set ups available to us. We also have bullish opportunities. However these are little uncertain times so whatever you are looking for, make sure that you have a confirmations before you trade. Have a great trading week. Stay safe and trade well. -Vik
TVC:DXY
by vikinsa
2
Gold likely to pump in long term; possible correction mid termGold has a very high inverse correlation with DXY which according to the indicator Phoenix Ascending could be on a long term downtrend. Gold itself also demonstrates good potential for long term upside move. In the 2, 3, and 4 month timeframes, Gold has touched the bollinger band of 3.618 SD and thereupon it retraced. We have seen in the past that a bull run of any scale has a tendency to move up until it just touches the BB of 3.618 SD and then it started coming back down for a major technical correction at that particular scale of observation. For the bull run we have had the past few years, Gold has gone up strong and now we could be primed to have a bit of a correction here before it is ready to continue to go up again, as dictated by high bullish sentiment in the 12M timeframe. The fact that DXY could seemingly be on the descent as indicated by Phoenix Ascending is also one of the reasons why gold could continue to have long term bullish potential. Phoenix Ascending 2.121 is an indicator by user @WyckoffMode.
FX:XAUUSD
by Popovich