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Usdollarshort

DOW JONES DOLLAR INDEX potential for dips! | 24th Feb 2022Prices are on bearish momentum. We see the potential for a dip from our sell entry at 12215 in line with 78.6% Fibonacci extension towards our Take Profit at 12178 in line with 61.8% Fibonacci retracement and 61.8% Fibonacci extension . Prices are trading below our ichimoku clouds and also RSI are at levels where dips previously occurred, further supporting our bearish bias. 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, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
FX:USDOLLARShort
by Genesiv
Bearish DXY move to 93.5???Just as previous stated in the previous analysis: -I was expecting price to make make a bullish retracement and test the former neckline/area of support. -Price found some bullish momentum and tested this area which is now acting as resistance. -Also price retraced and is now respecting the 61.8 Fibonacci level. -This also give indication that price is ready to make a bearish push. I am expecting price to drop possibly to 93.5 area. Like, Comment, Follow for more. If you see something different or disagree, feel free to post your own analysis in the comments!
TVC:DXYShort
by NoCeilingsTrading
DXY seems to BUY then SELL This week DXY chart create descending triangle pattern. Now its seems buy to 95.555 resistance level. Then market goes down to 94.500 & 93.800 support zone. AronnoFX will not accept any liability for loss or damage as a result of reliance on the information contained within this channel including data, quotes, charts and buy/sell signals If you like this idea, do not forget to support with a like and follow. Traders, if you like this idea or have your own opinion about it, write in the comments. I will be glad.
TVC:DXYShort
by AronnoFx
US Dollar FailureIt is pretty clear from the chart the US Dollar is going to have problems breaking the 8/1 Gann ratio and the 0.618 Fib. The 0.618 Fib has been the most important level for the dollar for the last 30 years , 101 seems like an impossible task to close above with only doing it once in its history in 1999 , by 2003 we feel under and have failed every rally to get above it. It's literally been 22 years since the dollar has closed a monthly candle above the 0.618 , showing incredible weakness. In January 2017 we had our first attempt since 1999 and failed. Now the US dollar is facing the 8/1 Gann ratio and breaking that is not going to be easy. As you can see two amazing reactions of this Gann Fans literally catching the top wick in January 2017 and March 2020. Amazing reaction so far , from my experience with Gann Fans a double rejection of the 8/1 Gann is extremely bearish. If it had any real strength it should have broken it by second attempt. I have also set a Fib time sequence using the impulse wave from 1999 down to 2003 and as you can see we get an interesting timeline of events, not amazing reactions but pretty decent. The next date is April 2024, Could be the year the next rejection of the 8/1 Gann Fan? With massive bearish divergence on the Dow Jones something big is coming take a look below at the 6month chart on the RSI Massive bearish divergence it's there and its building up with a possible conclusion July 2024 ,I cover this in my TA below So will the Dollar be rejected at the 8/1 Gann Mid 2024 for the third time? If so, expect a move down to 82 dollars.
TVC:DXYShort
by Sporia
1
AUDUSD Long off Daily ChartAUDUSD looking great for a long setup. Not the best risk:reward ratio on this one, but a great setup. Let's take a look. First, let's start with the AUDUSD chart on the daily timeframe. Price has stayed in this relatively small channel for the past couple of months quite nicely. We've taken a bounce near the bottom, with a strong bullish candle. Furthermore, there is a mild divergence in the RSI. Although AUDUSD is making higher low, the RSI actually reached 35.93 at this low vs 36.26 at the previous (lower) low. Not a strong divergence, but there nonetheless. On the AUD basket I use, we can see a similar trendline supporting some AUD strength. This basket is the AUD compared to the other major currencies, and we can see an overall period of strength coming off this supporting trendline. Finally, we have the USD basket, similar to the DXY. The 1.106-1.114 zone has served as a nice resistance zone for the past couple of months. In fact, we may have a bit of a head and shoulders forming here. The USD has potential for weakness here. It has not shown clear signs of a downward move, but if we wait too long for this trade, we may not find a solid risk:reward ratio. RISK MANAGEMENT NOTE: If you know my trading system, you know I do not over-expose on trades. I risk 2% per trade, but if I have two entries on one currency (such as AUD), I will enter with 1% risk on each of the two. I am already short EURAUD off the 15 minute chart since last night (14/11/21). I have legged in several times, and my stop is well clear of breakeven. Thus, I took a full 2% risk on this trade. ENTRY: 0.73504 STOP: 0.726 (below the last swing low on the daily chart) TP: 0.753 (right at the previous swing high on the daily chart) This leaves us with a roughly 1:1.8 risk:reward ratio.
Long
by MRobertsTrading
DXY create Head & Shoulder Pattern.So, SELL NOW.... DXY chart short term create heat and shoulder pattern. So market down to 93.920 & 93.600 zone. If the market break out 94.500 resistance level then this case is invalid. AronnoFX will not accept any liability for loss or damage as a result of reliance on the information contained within this channel including data, quotes, charts and buy/sell signals If you like this idea, do not forget to support with a like and follow. Traders, if you like this idea or have your own opinion about it, write in the comments. I will be glad.
TVC:DXYShort
by AronnoFx
DXY may go down from right hereDXY currently is in a 'hard-to-tell' situation as I was expecting it to jump to 93.7 which it didn't manage to achieve last week. However it did achieved 93.524 and fell after retest for the second time hitting exactly at 93.524. So my assumption here is that there's big sellers available at this level that managed to push price down. DXY is still in uptrend in general on daily and weekly chart. On lower time frames, it does look like that DXY failed to create higher high after revisiting 93.524 so I expect it to head south and retest previous lows. RSI on most times frames currently are above 54 indicating buying strength. However lower time frames RSI is heading down agressively, it's highly possibly to move down further comparing with it's historical RSI data. Ascending broadening wedge can be considered to support this analysis. However it may also be possible that the price wants to visit higher high at 94.290 which in my opinion is highly unlikely but it's month end, and Q4 start, so I bias in thinking long investors taking profits therefore pricing going down. So if US data and news goes negative this week, the price may go crazy as it's also profit taking week, things can go wild. Overall - I'm biased on bullish dollar so may simply bounce back up from any of these support zones before reaching to the lower end of the rising wedge. Note: I do not trade DXY. It's used as analysis support for other pairs. Disclaimer: Chart does not show future market prices, make sure you adjust your trades accordingly. No financial advise is given here. Manage money at your own risk. Never believe 100% accuracy. Don't
TVC:DXYShort
by mleader1
$EURUSD | Model Eyes New HighsHello Traders, Model eyes the targets defined on the chart. The model tries to identify pressure points in any given market. The pressure points themselves identify the breadth and strength of the move to come. It exists in all time frames and can be applied to any market. The targets are printed as data is fed into the algorithm. The further away from the pressure point, the lower probability it has of attaining such levels and the higher the probability of a correction/reversal. If and when the targets are hit, I would refer to the related chart that points to targets defined on the monthly time frame.
Long
by GWaves
Will this happen in the following days?There's a very much needed correction before US dollar moving higher. A deep one :D DXY is still in decline from monthly chart, and have just met up with its monthly 100MA, from which it struggled a bit (and then surpassed it). Weekly it has a nicely forming W pattern, from which it can move up quite a bit further up, but I feel it's no higher than 94. Daily it has just finished nice jumps supported by previously formed three white knights green candles. If supported by today's US news, the deep correction may be delayed till 94 is achieved. TP: Weekly 50MA SL: I don't trade DXY. Please analyse with care, SL can be as high as 93.2. 93.2 invalidates my analysis and for me meaning DXY should go and reach 94 in no time.
TVC:DXYShort
by mleader1