DXY // USDINDEX // USD // DOLLAR Continuation trade: 👉🏻 93.220 now holds as support. Morning's news on Evergrande and the Hang Seng Index have led investors to start pouring money into 'safe havens', USD being one of the options. Bullishness is expected in the short term. FOMC news this week, so trade cautiously!
Price is making a Triple Top at key resistance. A liquidity grab was completed. What is the intended move now? In this video, we will analyze the US Dollar Index (DXY), and see what's to see. Check out the analysis and find out.
Ahead of Jackson Hole, the DXY may find support here as this is the wedge breakout point.
This analysis is useful for traders on the dollar pairs The general trend is up, it was broken in a downtrend It may turn into a general trend In my opinion, I expect to go up to an area 96.5 - 98.5 And then complete the downtrend
Loonie is also staring at support from a rebound in oil ahead of Canadian labour data with Usd/Cad now eyeing 1.2500 to the downside having faded around 1.2590 only yesterday. Bearish bias is now in play for this pair...
Bitcoin in trading range between 28700-40800. So far it is forming Head and Shoulder Pattern, yet still need to be confirmed. If it break below 28700 then bearish H&S will be confirmed and could targeting 16500. But break above 40800 would be bullish.
We will talk a bit about an index that has existed for a long time, yet many traders do not know or use it. With this, we do not mean that it is 100% necessary, but it is good to consider certain situations. This post aims to give a theoretical development and then the technical vision of the graph in different temporalities. 🔸First of all, let's talk a little...
USDCAD, USDJPY and USDCHF are setting up for some pretty decent intraday trades. I am looking to take swing trades in these pairs, but while they are taking their time setting up, I see shorter term opportunities. I just wanted to share them for your consideration. Comment on them,if you would! I'd love to hear from you!
The US Dollar Index (DXY) is close to a key support zone (1). -Maybe we will see a strong reaction there, not very probable though -However, if the US Dollar loses this important support zone (1) things will turn very bad, and very fast RSI Precision looks also similar to January 2008 and October 2017. G. Protonotarios
Greenback keeps losing its value against major currencies. However, technically speaking the trend still remains bullish. Currently, the price is forming a retracement leg. The next zone to watch for a bullish continuation is 91.0 - 91.4 area. As a confirmation, rely on a bullish breakout of an underlined expanding wedge. In case of a bearish breakout of...
So we hit the 4080 level which is the most extreme point the reversal can happen. I predict we will start to drop this coming week. What I will be waiting for is a STRONG impulse to the downside on the 5 minute and then WAIT for price to bounce, that is where I will look to enter. Reasons for Bias: Volume and price divergence Parabolic moves dont last,...
we are on the corrective wave , we expect a break of the channel and head to 0.7200 as medium target , we will buy the pullback as we miss the entry
ENTRY : 1.26250 STOP LOSS : 1.25246 FIRST TAKE PROFIT : 1.26984 RISK : 1% CAPITAL Once first take profit target is hit we will close half the position. We will then look for continuation of trend. As we have more information i will follow up with an analysis. GL. Please feel free to comment and discuss. If you like this idea or traded it with me please like and...
Hey traders, DXY nicely bounced from strong horizontal structure support last week. Taking into consideration that the index remains bullish from the beginning of this year, we remain bullish biased. On a 4H, the price is stuck within an ascending triangle formation. Breakout of its horizontal resistance will lead to a further bullish continuation. In case...
Fibonacci & structure analysis on EURUSD. Potential supply cluster identified. Trading plan & multi timeframe analysis.
Friday's structure breakout is a very important bearish clue . I am very bearish biased on EURUSD at the moment and look for shorting opportunities. Next week consider two areas: Resistance around 1.196 based on the previous low Resistance around 1.202 based on a local daily structure I will look for a retest of these areas and look for...
EUR/USD has recently broken below some key technical levels of support such as 1.2050. Recent USD resilience could wane over the next few days as positioning in euro cleans up. Coming into January, many managers had the reflation bet on, which encompasses the long EURUSD trade. This trade caught them wrong-footed, and many managers squared out during a period of...
Pure price action & technical analysis on EURUSD. Trading recommendations, directional bias. Please, support this video with like and comment. Thank you!