DXY - DAILY TIME FRAME VIEW - Q. What is the biggest confusion you have ever had in trading and how did you solve it?
#Financial Markets....
Applying Classical Charts Patterns On The Candlesticks Price Charts:
Ans.
Hey there,
These are one of the most important Patterns which i have replaced the same principles on the charts. we need to apply the same on the price charts. These are found in CANDLESTICK (pricechart). We call them as Classical Chart Patterns and are always seen on any time frame. this shall be in BULLISH OR BEARISH MARKETS the same above image can be reversed for the bearish Markets as well.
The question come is that. how to find and trade them. These are the basic principles and very important principles, that one needs to understand them and also apply them on the price charts. just applying with one particular time frame on the same instrument is not the right methodology.
We need to have this BULLISH patterns, in minimum of 3-4 time frame..... same applies on the BEARISH MARKETS as well. Next I shall be sharing, how these patterns can be traded and will be seen in the in the Price Charts.
Keep Following us for more information.
Note: Its my view only and its for educational purpose only. Only who has got knowledge about this strategy, will understand what to be done on this setup. its purely based on my technical analysis only (strategies). we don't focus on the short term moves, we look for only for Bullish or Bearish Impulsive moves on the setups after a good price action is formed as per the strategy. we never get into corrective moves. because it will test our patience and also it will be a bullish or a bearish trap. and try trade the big moves.
we do not get into bullish or bearish traps. We anticipate and get into only big bullish or bearish moves (Impulsive Moves). Just ride the Bullish or Bearish Impulsive Move. Learn & Know the Complete Market Cycle.
Buy Low and Sell High Concept. Buy at Cheaper Price and Sell at Expensive Price.
Keep it simple, keep it Unique.
please keep your comments useful & respectful.
Thanks for your support....
Tradelikemee Academy
Usdindex!!
DXY | Bearish Wave Coming..!!
#DXY (Update)
USD Bulls have been in Complete Control Since May 2022.
In Weekly timeframe, DXY is Facing the Key Resistance & Struggling to Clear it.
In Case of Rejection from here, Expecting a Massive Bearish Wave in Coming Weeks.
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All Roads Lead to a Stronger USDWe can conclude from the charts that..:
- Capital inflows to the USD are very strong in terms of momentum, and we haven’t reached the first layer of targets yet, based on longer-term channel work.
- This trend could last for several months at least, well entered into next year (Targets on monthly charts are pointing to July 2023).
- Right now there is no sign of a potential reversal, although retracements are to be accounted for and could be violent. We can infer this from the speed (the momentum) the market has exhibited since the summer of 2021, and the gaps it is leaving behind in the price structure.
- A pause in the trend will emerge when other assets start competing against the USD, namely US stocks, some commodities, and cryptocurrencies. We can see this already by looking at those markets priced in global terms, that is by indexing them in a basket of currencies. Their revival will surely take some wind off the dollar sails. But this is material for another episode.
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Full Disclaimer: This video and its contents are for informational purposes only and do not constitute an offer to sell or trade, a solicitation to buy, or a recommendation for any security, cryptocurrency, or related product, nor does it constitute an offer to provide investment advice or other related services by vocabTA. In preparing this video, no individual financial or investment needs of the viewer have been taken into account nor is any financial or investment advice being offered. Any views expressed in this video were prepared based upon the information available at the time such views were written. Changed or additional information could cause such views to change.
Will the hawkish message continue with today's FOMC? Plenty of attention will be on today's FOMC meeting. Traders are looking for a ¾ or point increase from the Fed today, taking rates to 3.25%. This is what the market expects: anything more and USD positive, anything less USD negative.
That's a simple look. The projections and the statement will be the key parts traders will be looking at. We all saw the market's reaction to last Tuesday's CPI surprise, and it not only revived the USD but also nailed stock indexes, risk currencies and crypto.
Traders will be looking to see any inflation surprises in the projections, what the Fed thinks about the current position, and how far the rates cycle may need to go. If any of these remain on the hawkish side, we could see further gains from the USD and further losses on risk markets, including crypto. Fed funds futures terminal rate has also been raised to 4.5% by April, increasing from 4.0% before last Tuesday's CPI report.
Looking at the USD index. If influences continue to support price we could see a new breakout above 110.30 resistance, continuing the current fast trend. The USD index has formed a new HL after the CPI spike got the current fast trend back on track. We want to see resistance beaten to confirm that the trend is truly underway, and a break of the September high would further that confirmation.
The Nasdaq has performed the worst out of the three main US indexes since the 16th of August. The NDX100 CFD index, which tracks the Nasdaq, dropped close to 15% since that high. Some short-term support is starting to set up on the NDX100, but if we see hawkish pressure resume, we would be looking for a move back to 11,450, an area that has shown demand back in July.
The FOMC projections, funds rate and statement will be released at 2:00 pm EST, with the Press conference to follow at 2:30 pm.
We love to hear from you so please feel free to drop us a comment. We also run weekly webinars with guest analysts.
DXY New Week MovementTechnical Analysis Chart Update
DXY - Dollar
Time Frame - H4
" SYMMETRICAL TRIANGLE " Pattern being followed in Short Time Frame and We have a Clear Direction for Sell because it has Completed its break of Lower Trend Line and Retest
According to " ELLIOT WAVES " we can see that it has Completed the Impulsive Waves " 12345 " so the Next Moves are Correction " ABC " waves in Bearish Direction
If DXY Breaks the Current Level and Retest then :
ABC / USD will Rise
USD / ABC will Fall
USD/ DXY INDEX - DAILY TIME FRAMEThe Structure looks good to us, waiting for this instrument to correct and then give us these opportunities as shown on this instrument (Price Chart).
#DXY
Note: its my view only and its for educational purpose only. only who has got knowledge about this strategy, will understand what to be done on this setup. its purely based on my technical analysis only (strategies). we don't focus on the short term moves, we look for only for Bullish or Bearish Impulsive moves on the setups after a good price action is formed as per the strategy. we never get into corrective moves. because it will test our patience and also it will be a bullish or a bearish trap. and try trade the big moves.
we do not get into bullish or bearish traps. we anticipate and get into only big bullish or bearish moves (Impulsive Moves).
Just ride the Bullish or Bearish Impulsive Move. Learn & Know the Complete Market Cycle.
buy low and sell high concept. buy at cheaper price and sell at expensive price.
Keep it simple, keep it Unique.
please keep your comments useful & respectful.
Thanks for your support....
Tradelikemee Academy
DXY (USD INDEX) MONTHLY SHORTI think we have finished ABC correction and are now in the last part of the X wave.
after this X wave, I predict that the USD index will fall to the areas shown.
furthermore, we are in the upper area of channel down.
Also, I have provided Fibonacci retracement of the ABC wave and now we are in the middle of that wave (50%). In addition, Fibonacci projections of X wave have made a resistance area shown in red!
conclusion:
I believe USD have very bad days in front of its currency and we may hear bad news about the united states in the months coming.
wish the best for all people of the world.
God bless us
The US dollar as a sheep in wolf's clothingThe printed money supply in the world is currently fed into the systems, consequence high inflation. Supply chains are healing but this might take some months until we're back in the game. Since the FED has no interest in sending the global economy into chaos, interest rate hikes will come to light again in the coming months and even interest rate cuts from 2023. Dollar is king but the revolution is right around the corner.
This is just an idea, note that this is not a recommendatin to invest or to trade with US dollars.
⭕️US Dollar Index analysis in 30 minutes💥❗️🔰You can see the analysis of the USD index in the 30-minute frame team (US Dollar Index _ 30 min)💣🔍
✴️Supply and demand zones and ranges of 50% and 61.8% of Fibonacci retracement (purple💜) are shown in the image. If the price reaches the 61.8% Fibonacci range and the specified supply range, we can expect the price to drop to the support line (orange🧡 line). If the price goes under the valley shown with the black🖤 line, you can expect the price to drop to the demand range.🧐❗❗
If the price can reach the top of the specified supply range, it can climb to the next supply range.❗
In your opinion, the price will move according to which scenario, GREEN💚 or RED❤️ ❓❓
I hope the analysis was useful for you🤍🌹
📌Please introduce the channel to your friends 🙏🏻
____________📈TRADER STREET📉_______________
DXY: Trend breakout and Potential upsidesHey traders, first of all i highly recommend taking a look at DXY chart in the beginning of every trading week if not everyday, that will help you to trade USD pairs more professionally and will help you to manage to spot their direction!
in today's trading session we are monitoring DXY for a buying opportunity around 106 zone, once we will receive any bullish confirmation the trade will be executed,
Trade safe, Joe.
EURUSD Potential DownsideA trade that cannot be missed when it drops. This pair has been making new lows, it is not ready to buy long term. We are anticipating a possible double bottom before it could even think of changing a trend. Overall we still believe this is a strong downtrend.
Trade with care.
Follow and like for more trade ideas.
DXY Potential Short Soon!Happy Tuesday Traders, Investors & Gamblers 😃
Today I want to talk about the U.S. Dollar Index . As mentioned in a previous post a couple of weeks ago, DXY is currently at a very strong resistance in a 15 year trend visible on the monthly chart here.
1D U.S. Dollar Index (DXY)
4H U.S. Dollar Index (DXY)
Here below I left it all in the charts for you, the key resistance levels and the support levels that are important to confirm a downtrend.
1D U.S. Dollar Index (DXY)
4H U.S. Dollar Index (DXY)
I would like to add that this is only for educational purpose and in no way a guarantee that it will play out this way, nor is this or are any of my posts financial advise.
As always, A BIG THANK YOU for stopping by, I hope you liked my post! If you did, please take a second to drop a like or comment, every engagement puts a smile on my face, but also helps me to get my ideas out to many more of you guys! 😃🙏
Happy Trading ✌♥📈
DXYDXY 8H chart shows some early signs of a potential change in direction, we witnessed the price go imbalanced and shoot higher, before losing steam, and presenting these wicks, I think we can look to short it back to the 200 day average. However the oppurtunities lie more in other currencies and commodities, I will attach below of EURUSD which has the possibility of a large swing to the upside.
UPDATE: MEDIUM TERM OUTLOOK ON THE DOLLARWhat's up trading world! Hope you have been well & taking care of yourself in these uncertain economic times! I am back with another DOLLAR INDEX update, now I did say I would update at the end of June however, with 1st July being a Friday, I wanted to observe how the market plays out so I could give a move comprehensive update!
UPDATE:
1. Bearing my previous post in mind, we saw the dollar shoot upwards and this was due to the biggest interest rate hike by the Fed since 1994. Monkeypox cases have also remained small in number which has only boosted the dollar even more.
2. As a result of the above, we saw pattern ABC play out in June (see previous post) where point 'B' illustrated opportunities for optimal buy-entries and these signals were shared with my private community and we were able to have a lovely 1:4 risk-reward trade (+420pips) that smashed through relevant targets!
MOVING FORWARD:
1. The dollar doesn't plan on slowing down anytime soon, we will definitely be expecting a rate hike again in July, it is the only way to crumb the inflation and do a hard reset on the debt the US has accumulated.
2. Barring covid & monkeypox cases remaining below 10K per/day, the dollar will continue to soar as commodities continue their much-needed reset.
3. Unemployment (NFP) numbers coming this week will also be a key indicator and although we expect it to be higher than last month, should there be a drop, I don't believe the drop will be extensive enough to stop the dollar's rally.
Technical analysis:
1. For optimal BUY-entry opportunities moving forward, wait for pattern ABC to play out, with point-B signalling entry point for buy-trades however, given the strength of the dollar, it might not even retest our daily support but rather continue going up due to strong fundamentals & key institutional traders trade-positions that are pushing the market right now.
2. Whether there is a RETEST or not of our daily-support zone, should the above 'moving forward' conditions happen, expect the DOLLAR index to make its way to $108, a price level it hasn't reached in almost 20 years!!
Thanks for reading! Let's take advantage of the markets together! These are generational wealth times that we are living in, don't let them pass you by! :))