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DJ FXCM Index

EURUSD Will the bearish or the bullish pattern prevail?The EURUSD pair broke today above the top (Lower Highs trend-line) of the Triangle pattern that started on the July 17 2023 high. The more shorter term pattern has been a Channel Up (blue) since the April 15 2024 Low and today's break-out, has tested its top. Those are two conflicting trends, so the key here is to observe the 1W candle closing and then take action. A closing above the Lower Highs of the Triangle, confirms that there is a new pattern in play, a (dotted) Channel Up similar to the uptrend of October - December 2023. In that case, we will buy on the weekly close and target 1.11400 (Resistance 2). If on the other hand the 1W candle closes back below the Lower Highs (thus still inside the blue Channel Up), we will remain bearish, aiming for a new Bearish Leg that will test again (3rd time) the 1W MA100 (green trend-line). In that case our Target will be modified to 1.075000. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
by TradingShot
USD/CHF: Looking For a Strategic Long PositionUSD/CHF is approaching a critical demand zone, which we have identified as an area of interest for initiating a long position. This potential setup aligns with the current condition of the DXY Index, which is in an oversold state, suggesting a likely upward correction. To capitalize on this opportunity, we are placing a buy limit order within this demand area. Our strategy is further bolstered by the latest Commitment of Traders (COT) report, which reveals a predominance of short positions among retail traders. This contrarian indicator supports our bullish outlook, as retail traders are often on the wrong side of the market. Our Supply and Demand approach has consistently provided us with reliable entry and exit points. In this case, the demand zone around the current price level presents a promising entry point for a long position. By combining this approach with the oversold condition of the DXY Index and the COT report's insights, we anticipate a favorable risk-reward scenario. Our analysis also considers seasonal trends and market sentiment. Historically, similar conditions have led to significant bullish movements in USD/CHF. We expect the price to find support in the demand zone and subsequently initiate a new bullish impulse. As we set our buy limit order, we are looking for confirmation through price action and market dynamics. If the price reacts positively within the demand zone, it will reinforce our decision to go long. We will continue to monitor the market closely, ready to adjust our strategy as new data and price movements unfold. ✅ Please share your thoughts about USDCHF in the comments section below and HIT LIKE if you appreciate my analysis. Don't forget to FOLLOW ME; you will help us a lot with this small contribution.
Long
by FOREXN1
3
USDJPY: Where is the Support?! 🇺🇸🇯🇵 As a bearish rally on USDJPY continues, the pair keeps violating key historic support levels, one after another. Here are the next significant supports to pay close attention to. Support 1: 140.2 - 141.0 area Support 2: 137.2 - 138.1 area Support 3: 133.0 - 133.9 area Support 4: 129.6 - 130.8 area Support 5: 127.2 - 128.1 area These supports may indicate the levels/zones where the fall may stop. Pay attention to these areas and strictly wait for a strong confirmation before you open any trade. ❤️Please, support my work with like, thank you!❤️
Long
by VasilyTrader
2
Looking for reversal in DXY under 102.2 zone(8/5/2024)In our last analysis, our prediction played well, the DXY corrected to 103.7, and after NFP data reached 102.7. With the fear of recession and NFP data, We are expecting DXY to retest the 102 zones. Our technical view has been shown in the chart. If you like it then Support us by liking, Following, and Sharing. Thanks For Reading Team Fortuna -RC (Disclaimer: Published ideas and other Contents on this page are for educational purposes and do not include a financial recommendation. Trading is Risky, so before any action do your research.)
TVC:DXYShort
by fortunamarkets
Sell NZD/USD Channel Breakout (Today NFP)The NZD/USD pair on the M30 timeframe presents a potential selling opportunity due to a recent downward breakout from a well-defined Channel pattern. This suggests a shift in momentum towards the downside in the coming Hours. Key Points: Sell Entry: Consider entering a short position around the current price of 0.5952, positioned close to the breakout level. This offers an entry point near the perceived shift in momentum. Target Levels: 1st Support – 0.5907 2nd Support – 0.5880 Stop-Loss: To manage risk, place a stop-loss order above 0.5984. This helps limit potential losses if the price unexpectedly reverses and breaks back upwards. Your likes and comments are incredibly motivating and will encourage me to share more analysis with you. Best Regards, KABHI FOREX TRADING Thank you.
Short
by KABHI_TA_TRADING
9
Set to Overcome Resistance, Aiming for New Highs?Hey Realistic Traders, let's dive into the technical analysis of SAXO:USDCAD USDCAD has moved above the EMA200 line again, signaling a bullish trend. Recently, on the daily timeframe, it broke the upper trendline of a falling wedge pattern and experienced a MACD bullish crossover, where the MACD line crosses above the signal line, suggesting increasing upward momentum. This combination of technical factors typically signals a potential upside movement to the first target of 1.39423. After reaching this first target, a pullback may occur before continuing its ascent to the second target of 1.40352. Additional Information: The prospect of a stronger USDOLLAR also contributes to the recent rally of USDCAD. It is essential to note that the analysis will no longer hold validity once the target/support area is reached. Disclaimer: "Please note that this analysis is solely for educational purposes and should not be considered a recommendation to take a long or short position on USDCAD." Please support the channel by engaging with the content, using the rocket button, and sharing your opinions in the comments below
Long
by financialfreedomgoals101
bearish drop?The US Dollar Index (DXY) has reacted off the pivot which acts as a pullback support and could drop to the 1st support identified as a pullback support. Pivot: 103.21 1st Support: 102.55 1st Resistance: 103.69 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary. Disclaimer: The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
TVC:DXYShort
by ICmarkets
USD didnt hold and break lower.Hello fellow traders , my regular and new friends! Welcome and thanks for dropping by my post. Likely gonna see more downside to 102.60-70 area. Overall Jpy and chf have been strong due to risk-off environment. Do check out my recorded video (in trading ideas) for the week to have more explanation in place. Do Like and Boost if you have learnt something and enjoyed the content, thank you! -- Get the right tools and an experienced Guide, you WILL navigate your way out of this "Dangerous Jungle"! -- ********************************************************************* Disclaimers: The analysis shared through this channel are purely for educational and entertainment purposes only. They are by no means professional advice for individual/s to enter trades for investment or trading purposes. *********************************************************************
TVC:DXYShort
by Shadowing_The_Big_Boys
Bearish reversal?US Dollar Index (DXY) is rising towards the pivot and could reverse to the 1st support. Pivot: 104.54 1st Support: 104.05 1st Resistance: 104.81 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary. Disclaimer: The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
TVC:DXYShort
by ICmarkets
U.S. Dollar Index (DXY) Outlook ICT ConceptsU.S. Dollar Index (DXY) Analysis 💰 Welcome to Your Channel! Welcome to our channel where we delve into the intricacies of financial markets. Today, we focus on DXY , dissecting its current price action to uncover strategic trading opportunities. Join us as we analyze key levels and market dynamics, aiming to refine our trading strategies and maximize potential gains. 💡Previous Analysis Review: In our previous analysis, we predicted a sweep of the equal lows from the past. We have now also observed a sweep of last week's low. 📍Current Market Overview: At the moment, the price is situated in the OTE (Optimal Trade Entry) levels. We have recently swept the Previous Week Low (PWL), indicating a potential shift in market direction. Given these conditions, we can foresee the price expanding higher to target the Buy Side Liquidity (BSL). 🔍 Identifying Key Levels The chart highlights several significant levels and zones that influence the current market behavior: • PWH: Previous Week High, indicating recent market highs. • PWL: Previous Week Low, serving as recent support. • SSL: Sell-side Liquidity, areas where sell orders are placed. • EQL: Equal Lows, indicating levels of support and potential liquidity. • BSL: Buy Side Liquidity, areas where buy orders are placed. 📊 Key Considerations • Current Price Position: The price is currently trading around 104.380, after sweeping the EQL and PWL. • OTE Levels: The price is in the OTE levels, indicating a potential bullish entry point. • Targeting BSL: The price is expected to expand higher to target the Buy Side Liquidity. 📈 Bullish Scenario Given the current price action and key considerations, a bullish scenario is possible if the following conditions are met: • Price Expansion: The price may expand higher to target the Buy Side Liquidity (BSL). • Reaction at OTE: The price being in the OTE levels suggests a strong potential for a move higher. 📉 Bearish Scenario A bearish scenario should be considered if the following conditions are met: • Buy-side Liquidity Taken: For any short case scenario, we need the buy-side liquidity (swing points) to be taken first. • Continuation Lower: After taking out the buy-side liquidity, the price may continue lower. 📊 Chart Analysis Summary • Bullish Expectation: The expectation is for the price to potentially expand higher from the OTE levels to target the BSL. • Bearish Expectation: For a bearish scenario, we need the buy-side liquidity to be taken out first before considering short positions. Understanding these key levels and the current market behavior helps in making informed trading decisions. 🙏 Thank you for joining us! Exploring DXY today highlighted the importance of effective risk management in trading success. Prioritize research, implement robust strategies, and seek guidance for confident market navigation. Stay tuned for more insights on our channel. Here's to profitable trading and continuous learning! ⚠️ Disclaimer The information provided here is for educational purposes only and should not be taken as financial advice. Always conduct your own research and consult a licensed financial advisor before making any investment decisions.
TVC:DXY
by RealArmin
USDSGD Buy signal at the bottom of a Channel Down.The USDSGD pair has been trading within a Channel Down pattern since the April 16 2024 High and today almost touched its bottom (Lower Lows trend-line). That is a technical short-term buy opportunity towards its top (Lower Highs trend-line). The previous Bullish Leg of the pattern registered a +1.31% rise. Our Target is slightly lower than a new potential rise of this magnitude at 1.35000. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
Long
by TradingShot
Buy GBP/USD Triangle BreakoutThe GBP/USD pair on the M30 timeframe presents a Potential Buying Opportunity due to a recent breakout from a Triangle Pattern. This suggests a shift in momentum towards the upside and a higher likelihood of further advances in the coming hours. Possible Long Trade: Entry: Consider Entering A Long Position Above The Broken Trendline Of The Triangle After Confirmation. Ideally, This Would Be Around 1.2850 Target Levels: 1st Resistance – 1.2905 2nd Resistance – 1.2930 Stop-Loss: To manage risk, place a stop-loss order below 1.2814. This helps limit potential losses if the price falls back unexpectedly. Your likes and comments are incredibly motivating and will encourage me to share more analysis with you. Best Regards, KABHI FOREX TRADING Thank you.
Long
by KABHI_TA_TRADING
26
Sell EUR/USD Bearish Channel (Fed Interest rate)The EUR/USD pair on the M30 timeframe presents a potential selling opportunity due to a recent downward breakout from a well-defined Channel pattern. This suggests a shift in momentum towards the downside in the coming Hours. Key Points: Sell Entry: Consider entering a short position around the current price of 1.0825, positioned close to the breakout level. This offers an entry point near the perceived shift in momentum. Target Levels: 1st Support – 1.0785 2nd Support – 1.0767 Stop-Loss: To manage risk, place a stop-loss order above 1.0845. This helps limit potential losses if the price unexpectedly reverses and breaks back upwards. Your likes and comments are incredibly motivating and will encourage me to share more analysis with you. Best Regards, KABHI FOREX TRADING Thank you.
Short
by KABHI_TA_TRADING
23
DXY: Anticipating Long Opportunities Amid Fed Policy and NFP RepThe US Dollar has experienced a decline due to expectations that the Federal Reserve will deliver dovish guidance in its upcoming policy statement. Investors anticipate the Fed will recognize progress in curbing inflation and highlight growing risks to the strength of the labor market. Following the Fed's policy announcement, the US Non-Farm Payrolls (NFP) report for July will become the crucial trigger for the US Dollar's movement. In our analysis, we've identified a potential demand area around $103.177. At this level, we are opening our first long position with a minimum target of 2R. Should the price continue to fall, we are prepared to shift our focus to the next demand area at $101.422 for additional long opportunities. Given the current market conditions and our analysis, we are strategically looking for long positions on the DXY, anticipating a rebound from these key demand areas. ✅ Please share your thoughts about DXY in the comments section below and HIT LIKE if you appreciate my analysis. Don't forget to FOLLOW ME; you will help us a lot with this small contribution.
TVC:DXYLong
by FOREXN1
1
Sell EUR/USD Triangle BreakoutThe EUR/USD pair on the M30 timeframe presents a Potential Selling Opportunity due to a recent breakout from a Triangle Pattern. This suggests a shift in momentum towards the downside in the coming hours. Possible Short Trade: Entry: Consider Entering A Short Position Below the Broken Trendline Of The Triangle After Confirmation. Ideally, This Would Be Around 1.0852 Target Levels: 1st Support – 1.0816 2nd Support – 1.0801 Stop-Loss: To manage risk, place a stop-loss order above 1.0875. This helps limit potential losses if the price falls back unexpectedly. Your likes and comments are incredibly motivating and will encourage me to share more analysis with you. Best Regards, KABHI FOREX TRADING Thank you.
Short
by KABHI_TA_TRADING
37
EURUSD Two clear sell entries.The EURUSD pair hit today its 4H MA200 (orange trend-line) for the first time since July 04 and immediately rebounded. As long as it holds, we expect a rebound to 1.0900 and then a rejection, as the long-term pattern is a Channel Up that has already priced its new Higher High (on July 17) and has started the new Bearish Leg. If the 4H MA200 breaks first though, we will have a bearish break-out continuation confirmation. For both sell entries, our Target is 1.07300 (the 0.786 Fibonacci retracement level as on the June 14 Low). ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
Short
by TradingShot