Get started

Usdollarlong

#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..
TVC:DXYLong
by OguzhanSengor
GBPUSD; Bearish on the British Pound Against the US Dollar1. We have gotten a short signal on GBPUSD from our Silver Scalper strategy on the daily timeframe as our Range MA shows a downtrend (background Red) and our Bull/Bear has given a short signal. 2. If the market opens in the R1 range then you can consider entering short and remaining short until we get a Bull signal from Bull/Bear or Range MA shows an uptrend (background Green). 3. Levels to watch to the upside are the ranges at R1 - R3. 4. If the downtrend is still valid, we can add to our short position on additional Bear signals. 5. Levels to watch for reactions to the downside are S1 and S2 where we would hope to see a bull signal to exit short. --- NOTE: We conduct market analysis on a daily basis from a trend trading perspective using our own in house built tools. If you like any of the content we provide please leave a like and a follow to show your appreciation. --- STRATEGY USED: Silver Scalper Trend Confirmation = Range MA Entry Signal = Bull/Bear Power Exit Signal = Bull/Bear Power OR Range MA
by AlphaBotSystem
USDOLLAR Bullish Flag Continuation on H1; Awaiting BreakoutThe USDOLLAR's green 5-hour EMA has crossed above its orange 10-hour EMA (green ellipse) and the RSI is above 50 (blue rectangle). These are bullish developments and suggest an underlying positive momentum. We note that the greenback has almost completed a flag pattern (red parallel trend lines). To complete we need to see a breakout to the upside. A flag pattern is a continuation pattern i.e. the previous impulse up is the dominant direction if the pattern is a true flag. Moreover, flags fly at "half-mast”, which give a price target of 12,513 if realized.
FX:USDOLLARLong
by FXCM
USDOLLAR Runs into Resistance; Oscillators due to NormaliseHere we see the daily chart of FXCM's USDOLLAR index. We note that the green 5-day EMA is above the orange 10-day EMA with good angle and separation. This is indicative of the strong upwards momentum of the greenback. However, technically, the index has run into overhead resistance (red shaded horizontal) at a time when the RSI is overbought (in excess of 80). Furthermore, we can see that the EMAs crossed in early January at about the time the RSI pushed above 50 (aqua ellipses). Thus,the current impulse move is mature and certainly may be close to a correction. If a pullback does chart, it may very well be a buying opportunity. The greenback is a beneficiary of the renewed fears surrounding the spread of the coronvirus, particularity to areas outside of China (we have seen a jump in cases in South Korea and Italy). I.e. the USDOLLAR is currently being utilised as a safe haven and this is likely to continue given the poor choice of alternatives (the JPY seems to have been stripped of this status, at least temporarily. following its 1.6% GDP contraction last week).
FX:USDOLLARLong
by Russell_Shor
USDJPY formed bullish shark | A good long opportunityAfter successful formation of bullish Shark pattern the price line of US Dollar / Japanese Forex pair Yen has formed another bullish shark pattern. Even though the price action has hit the sell zone upto 0.382 fibonacci but all indicators are still turning bullish therefore I am expecting more profit. MACD is turning bullish Stochastic is oversold and has given bull cross Volume profile is showing less interest of traders at this area. I have used Fibonacci sequence to set the targets: Buy between: 105.502 to 103.691 Sell between: 107.035 to 110.572 Regards, Atif Akbar (moon333)
Long
by moon333
BULLISH USD?!Simple 12H analysis on the USD Weighted Index (not DXY) Seems as though we are creating a 1-5 elliott wave, and reacting strongly to the drawn trendline. I expect the market to form the final wave, completing the elliott pattern, and for the impulse to be exact same size as the first wave, which will then bring us to the marked zone, which is a very key weekly reversal area. USD still has some room to gain strength, even with all the trade wars happening. So i expect this to be a smooth journey for a bullish USD across the board. @PipsOfPersia t.me
Long
by PipsOfPersia
1