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USDOLLAR trade ideas

US DOLLAR INDEX ____ SHORT-TERM BEARISH LONG-TERM BULLISHHello Traders, As expected last week, the dollar was bearish (see my previous DXY analysis below) but what you may notice is that Friday's candle close was bullish. I expect this week to rally the go bearish to takeout the lows of Friday's candle, after which, the long-term bullish move will commence. I will post my analysis on dollar-related pairs and how I will trade them according to my view of the dollar index. Follow me for more updates. Here's my previous DXY analysis which played out as speculated. Cheers, David
FX:USDOLLARShort
by jabariofafrica
US DOLLAR INDEX ____ WHY YOU SHOULD PAY ATTENTIONHey Traders, Long time no see. If you follow me already, you will notice that I draw my bias to trade USD pairs from the dollar index. My bias as you can see for this week is bearish. However, I expect a longer-term bullish move for the dollar. As the price has entered a weekly order block, I expect it to help force the retracement from the bullish rally. Based on this view, I will be posting a few pairs on my radar to trade accordingly. Follow for more. Cheers, David
FX:USDOLLARShort
by jabariofafrica
US DOLLAR INDEX ____ BULLISH CONTINUATIONHello Traders, We saw last week how the dollar index rallied heading toward a monthly supply zone (red box). However, we have a weekly supply zone (yellow box) just below the monthly supply zone. I expect the dollar to run into the weekly zone but before that, it should take more orders from the daily demand zone (grey box) before the bullish expansion. Let me know your view on the dollar in the comments. I will be publishing more analyses so follow me not to miss out, especially if you are struggling to read price action. Have a profitable week. Cheers, David
FX:USDOLLARLong
by jabariofafrica
USD MASSIVE RALLY UPCOMINGThe FX:USDOLLAR has entered a strong daily demand zone and as you can see as marked on my chart, I have marked a buy-side liquidity pool which the market is meant to sweep. Also, there is a weekly fair value gap (FVG) or liquidity void which just sits above the daily buy-side liquidity pool. This should attract price to reach for these key opportunities. This is why I am expecting the dollar(USD) to print strong bullish candles. What do you guys think, is it going to dip just below the daily demand zone or it will respect the zone and rally? I would be dropping USD pairs that I am monitoring... SO STAY TUNED!!! You can also check out my other trade ideas below. NZDCAD AUDJPY CADJPY Cheers, David
FX:USDOLLARLong
by jabariofafrica
2
Dow Jones 6hr TF Despite the prevailing bearish sentiment surrounding the Dow Jones, my market analysis leads me to believe that the index is likely to experience a bullish movement, potentially reaching a level of 12852 before undergoing a reversal. This expected trend has significant implications for the gold market, as it could present an attractive buying opportunity for the precious metal. As the Dow Jones moves higher, investors may look to shift their focus towards safe-haven assets such as gold, seeking to mitigate the risks associated with market volatility. This increased demand for gold could push prices higher, making the metal a promising investment prospect. Furthermore, if the Dow Jones undergoes a reversal at 12852, gold may become an even more appealing investment option, as investors may seek to diversify their portfolios and protect against market uncertainty. This could drive demand for gold even further, potentially leading to additional price increases. Based on these market dynamics, I anticipate that gold may be available for purchase at an attractive buying zone of approximately 1950, making it an appealing option for investors looking to capitalize on potential price increases.
FX:USDOLLAR
by ChartStrategist
Dow Jones Daily TF The Dow Jones is currently experiencing a pullback, and there are indications that it may continue to trend downwards and potentially reach new lows for the year. Traders may want to watch for potential selling opportunities around the 5-month trend line. There are several factors that can contribute to the decline in the value of the US dollar. Here are a few possible reasons: Interest rates: When the US Federal Reserve lowers interest rates, it makes borrowing cheaper and can stimulate economic growth. However, lower interest rates can also make the US dollar less attractive to foreign investors seeking higher returns, leading to a decline in demand for the currency. Inflation: When inflation rises, it reduces the purchasing power of the US dollar. This can lead to a decrease in demand for the currency, as investors and consumers seek out assets or currencies that retain their value better during inflationary periods. Trade deficit: The US has had a persistent trade deficit for many years, meaning that it imports more goods and services than it exports. This can lead to a decline in demand for the US dollar, as foreign investors and trading partners may seek out other currencies that are more stable or have a better trade balance. Political uncertainty: Any political turmoil or instability in the US can lead to a decline in the value of the US dollar. This is because investors may become more cautious and move their money to other currencies or assets perceived as safer. It's important to note that the value of the US dollar can also be affected by global economic conditions, such as the performance of other major currencies, geopolitical events, and more. It is a complex market and there are multiple factors at play.
FX:USDOLLAR
by ChartStrategist
The Benefits of Keeping a Trading Journal for Your PsychologyTrading can be a challenging and emotional endeavor. As traders, we must navigate through various market conditions, deal with losses, and manage our emotions. It's not surprising that many traders struggle with maintaining their psychological balance. However, one tool that can help traders keep their emotions in check and improve their trading is a trading journal. A trading journal is a document or software that traders use to track their trades, analyze their performance, and record their thoughts and emotions during the trading process. Here are some of the benefits of keeping a trading journal for your psychology: Self-Awareness Keeping a trading journal helps traders become more self-aware of their thoughts, emotions, and behaviors while trading. By recording their trades and reviewing them, traders can identify patterns in their behavior, emotions, and decision-making. This self-awareness can help traders recognize their strengths and weaknesses, and develop strategies to improve their trading. Improved Decision-Making A trading journal can also help traders make better decisions. By analyzing their trades, traders can identify mistakes they made and learn from them. They can also identify successful trades and analyze what they did right. This process can help traders develop a more effective trading strategy and improve their decision-making skills. Accountability A trading journal can help traders hold themselves accountable for their trading decisions. By recording their trades and emotions, traders can see where they went wrong and take responsibility for their mistakes. This accountability can help traders learn from their mistakes and avoid making the same ones in the future. Stress Management Trading can be a stressful activity. By keeping a trading journal, traders can vent their emotions and reduce their stress levels. Writing down their thoughts and emotions during trading can help traders release their negative emotions and feel more relaxed. This stress management technique can help traders maintain a healthy psychological state while trading. Goal Setting Keeping a trading journal can help traders set and achieve their goals. By recording their trades and analyzing their performance, traders can identify areas where they need to improve and set goals to achieve those improvements. These goals can be related to profitability, risk management, or any other aspect of trading. Setting and achieving these goals can help traders feel a sense of accomplishment and increase their motivation. In conclusion, keeping a trading journal is an excellent tool for traders to improve their psychological state while trading. By increasing self-awareness, improving decision-making, holding oneself accountable, managing stress, and setting goals, traders can improve their overall trading performance. Therefore, it's highly recommended for traders to keep a trading journal to improve their trading psychology.
DJ:USDOLLAREducation
by FOREXN1
22
USD INDEXthe line maybe is important line zone for buy or sell. note : my analysis and trading style is base on supply and demand , support and resistance . market structure, and price action. before entry I will wait and see how price approach and react to the zone. must waiting / look how price action (reaction) and market pattern when price come to the line zone before decide to entry at the line zone. if didn't have any good price action and market pattern. I will ignore the zone. "trade what u see on the chart and think (by logic) , do not trade with what u want or what u asked or what u hope (by emotional)" happy trading all
FX:USDOLLAR
by One_Im-JacK
USDOLLAR: Stronger Dollar Ahead As the Fed Remains Hawkish?Hello Fellow Global Forex Trader, Here's a Technical outlook for USDOLLAR! Price Action Analysis USDOLLAR is moving in the bullish continuation trend. Furthermore, a breakout of the descending broadening wedge pattern signals a potential bullish scenario. The MACD Indicator made a golden cross, signifying possible upside movement to the target area. Fundamental Drives - The Fed Officials Keep Up Hawkish Calls - Rising U.S Treasury Yields All other explanations are presented on the chart. The roadmap will be invalid after reaching the target/support area. Support the channel by smashing the rocket button and sharing your opinions in the comment below! "Disclaimer: The outlook is only for educational purposes, not a recommendation to put a long or short position on the USDOLLAR"
FX:USDOLLARLong
by financialfreedomgoals101
2