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Usdlong

Two scenarios, going up possibleHere comes my day trade analysis on DXY again. Tomorrow's is going to be a scary day as we all can feel the accumulation in buying/selling power. USD has a mixed economy data today, not bad but DXY continued going downward. If connecting to fundamental analysis, I think investors might think the overall economy recovery of other countries comparing with US is much better. Here's what I think, and I'm bias on dollar bullish based on the chart as shown here: 1. over sold RSI on lower time frames (1H, 2H, 4H) 2. facing lower edge of mini-downtrend within an overall up trend channel 3. also sitting just slightly above edge of the overall up trend channel 4. current price has just entered into a zone which historically showed strong demand :) I don't trade DXY but again I've also put a tight SL trade panel in the chart for analysis and journal purpose. Friday, US Summer Holiday, and Beginning of September, let's not forget all these factors too. GL
TVC:DXYLong
by mleader1
4 June: US30 bearish play is coming Technicals: Price is testing the resistance zone, which is also in line with the fibonacci confluence area found. In terms of market structure, prices broke below the market structure and we could see further downside here. Take profit target would be based off the -27% and -61.8% retracement that was taken from the last move. Fundamentals: Market risk sentiment leans towards a more risk off session on Friday's as investors await US NFP data due later today. A better than expected reading could see the Dollar edge higher, while putting downward pressure on US equities as investors anticipate a shift in the Fed's dovish stance and tapering of bond purchases ahead of expectations. Recent ADP report recorded the highest number of jobs added in the US in 11 months and record service-sector growth and the dollar strengthens after the Fed announced on Wednesday of plans to begin unwinding corporate bond holdings acquired last year through an emergency lending credit facility gradually to minimise any potential impact on the markets.
OANDA:US30USDShort
by T3-Consultancy
❗️USD/RUB 1D. Shall we see the rise of dollar in near future?!Now, after we've formed the triangle on the global time frame, we're drawing a descending wedge and rebound from the support. This is a really good setup for scalping. Takes and the stop are on the graph, plus, here are two additional takes in the case of a breakout on this triangle. Pay attention that SXP500 is about to break the support, so it's predictable that traders and investors will fix their positions in dollars, should the price go down. This will potentially strengthen it. If this review was useful for you, leave a like and tell us what you think in the comments.
Long
by Crypto_Student_
DXY - Liquidity Grab To Initiate Bullish Run What Is The Market Telling Us? Price is currently ranging between Previous High & Previous Low 1st Break in market structure towards bullish direction since March Price is currently making its way toward previous low for a retest What Are Market Participants Doing? 70% of retail traders are shorting the dollar overall against DXY There is currently over 450,000K short positions on the EUR from Dealer Intermediary (COT) Institutional liquidity is sitting under sell stops of retail traders located below PDL
ICEUS:DXYLong
by forexwithfred
EURUSD AnalysisUSD is rising everywhere. See the analysis from Friday: Today's possibility is for EURUSD. Here we have a very good example of a break and test of the trendline. After the impulse decline on Friday, which broke the trend line, we see a correction right next to it and repulsion. This situation, as well as the expectation of a strong USD, allows us to look for sell up to 1.1836! On Wednesday we expect the decision on the interest rate from the Fed! If you have questions about how to trade this or another situation, contact us! To support us, like and comment!
Short
by ForexTrendline
The rise of the USD will continueThis is an analysis of the dollar index. From here we can draw conclusions about what will be the movement of each instrument against the USD. This is our forecast for next week. We see the higher bottoms and higher peaks that the dollar has formed in the last month. The decline of the last 3 days is a completely normal correction and we expect the dollar to continue rising. The first resistance will be 92.47, followed by 92.83 The analysis will change if the previous bottom breaks. If you have questions about how to trade this or another situation, contact us! To support us, like and comment!
TVC:DXYLong
by ForexTrendline