Usdollarlong
Watch the USDOLLAR and USD currency pairs this week!Hope you all had a good weekend. Recently, the USDOLLAR has been getting hammered recently skewing all i's currency pairings and in my humble opinion defying what would be normal good entry and exit points from a day trading perspective. Well, I think it might be about to have a change of direction, making me reenter the market with some reversal trades this week which favor the USDOLLAR. If you throw some strong fundamental news in along with this chart i think we can see a nice uptick this week, ending a miserable few months for the USDOLLAR. The confirmation of the US approving Pfizer's vaccine for the COVID-19 virus is excellent news and should come in to play in the USD currency pairings.
You can see from my chart, we are approaching a historic DEMAND zone which also forms as a really strong support level for the USDOLLAR. I see a nice bounce off support giving us a +2.5% return to the SUPPLY zone, also a strong resistance and AREA OF VALUE.
AUDUSD - Short
EURUSD - Short
GBPUSD - Short
USDCHF - Long
Good luck all
DXY (Daily) LONG; "King Dollar" is back in the office!(Until now it was just checking it's emails - remotely :-) Buy it up!
Has Us dollar(dxy) strength Resumed?We are currently analyzing a possible inverted head and shoulder which shows a reversal chart pattern that the previous downtrend might has ended and the the former uptrend may resume.
We expect a retracement to the neckline and a candlestick confirmation to trigger the buy order. Target is as shown on the chart and the ideal stop loss should be set below the right shoulder.
US DOLLAR INDEX (DXY) - BULLISHQuite an interesting setup on DXY, the chart shows a complete triangle formation which may be a running triangle (with a declining top and rising bottom) - continues the trend.
As long as the constraints of wave (E) remain valid, I expect the dollar to continue gaining strength as indicated by the arrow.
USDOLLAR / DXY : Trapped sellersShorts are trapped in a uptrend in USDOLLAR/DXY. They would have a desire to exit when price comes back to them
Are the Dollar Bulls Back?The US dollar has retraced slightly since its breakout over the past few trading days. It has made a run for the upper 93 handle, but still can't quite seem to break 93.83, the level we are eyeing to break this range held for weeks. In fact, it has seemed to reject these levels, and retraced back to the low 93 handle, where it is currently finding support. This is a significant level. If it breaks, we can anticipate more retracement, perhaps even to the lows established earlier this month. If it catches steam, as we anticipate, it could make a run for 93.83 again.
$DYX (american dollar) LOOKING FOR A BOUNCE ~ higher time frame Reason I'm making a technical analysis on this chart:
#1: If this turns into support, $BTC will crash as $DXY goes upwards in price. (opposite correlation)
#2: I'm currently short $BTC, so looking for a bounce with $DXY.
Expecting a bullish correction on Dollar Index DXYExpecting a bullish correction on Dollar Index DXY after such a strong sell-off. Weekly supply level located much higher where we will be able to think of short positions on the Dollar Index DXY. The EURUSD forex cross pair forecast and analysis is very similar but we are expecting a bearish correction instead. EURUSD and Dollar Index DXY are inversely correlated.
Dollar Index forecast and prediction
Long positions will be possible on the way up to weekly supply imbalance located around 97 price level for those forex traders trading short-term and intraday forex trading strategies. There is a lot of room for the Dollar Index to keep on rallying. There is nothing to prevent the Dollar Index from the bullish correction if it continues to make higher highs.
USDOLLAR : Go long against trapped sellersThere are a bunch of trapped sellers below previous month low and current month low - who would love to exit when price comes back to them - giving us a long entry.
Look to trade each zone with a 2R risk:reward ratio.
DXY, US Dollar Should BUY soonI am expecting a corrective move son to the upside to form the wave 4 of the bearish impulse movement before the resumption of the down trend.
Target is any point on the trend line and maximum is the low of wave 1.
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Thanks
USDOLLAR Bullish insightThe USDOLLAR can find strength this week as the bearish move has been over-extended now. If we see the 4H creating Bullish Structure, that will push the Buyers in and we can see a domino effect on all the above time frames like the Daily and the Weekly.
Double Bottom On US Dollar Index, Just Another Reason To LONGThe concerns over the second wave of Covid-19 has put US Economy into recession again, mostly on retail and manufacturing sides. However, double bottom on the chart gives us a hope that the US Dollar Index might recover in the short run.
Key Trading Plan:
i) LONG from the current price with the Take Profit Target at 97.84.
ii) SHORT if the price breaks the support level 95.72 with the Take Profit Target of 95.08.
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My expectation on $This is what I expect DXY (USD index) to do. On M chart the USDX is on uptrend channel and currently trading at the bottom of channel. The index could reverse any time soon.
USDollar
USDollarIndex
US DOLLAR - Tracking Minor Waves - Wave 2 Almost CompleteJust a quick update on the status of the US Dollar following on from my previous idea linked below.
If you would like to learn how AriasWave works with regards to understanding corrections visit my website.
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DXY US DOLLAR INDEX ABOUT TO EXPLODE HIGHER DXY US DOLLAR INDEX completing wave ii of 3 of C HIGHER.
This jives and confirms my Elliotwave bearish analysis on the S&P Futures (SPX500USD) just posted.
See link to S&P Forecast below.
Cheers!
Cyrus
US DOLLAR IdeaBig broadening wedge forming
Hopefully the recent drops acts as a double bottom and pushes price back up into the wedge
The recent touch of the fib transition line suggests the action through it will be bOOlish
USDCAD a strong possibility LONGUSDCAD at the flipzone and could rally up once the USD is ready to move and would stop acting up. As usual trade with care and use proper risk management.
#DXY ANALYSIS.. The US Dollar Index is currently on the verge of a very critical resistance, #DXY can be considered as an important leading indicator in the course of the markets on a global scale.. The increase of # DXY significantly reduces the risk appetite of investors in the markets and the demand for the dollar increases. In this context, examining the #DXY chart gives serious clues about the fluctuations that may occur in the markets..
If we look at the #DXY chart within the technical framework, we can easily express that the price movements from past to present constitute a structural similarity.. I firmly believe that #DXY is ready to go up, we will wait and see.. 102 is a very important resistance point and, if exceeded, #DXY can reach levels 112 and 120.. Just watch fractals..
The increase in demand for # Dollars in the crisis times from past to present brought strong sales in the stock and commodity markets, and also caused deep depreciation in the developing countries' currencies.. I think markets will become very interesting after 3,4 months..
Please do your own due diligence when it comes to trading.. Invest at your own risk..
I wish you all the best..
