USDOLLAR trade ideas
USDOLLAR Retracement SHORT to 0.618 Retracement and lower chUSDOLLAR is set for a pullback to the FIB retracement level 0.618 after testing the upper channel....now ready to trace to the bottom channel and the 0.618
SWEET DOLLAR INDEXHello Traders,
Dollar is still strong but this might be the last bullish leg before a midterm short. I will be bullish on the dollar for next week.
Cheers!
DOLLAR INDEXThe weekly price chart below shows the U.S. Dollar Index rose slightly last week, in line with the long-term bullish trend, printing a bullish doji candlestick, which can be a sign of indecision. However, the lower wick was supported by 12293, so if the price can break last week’s high over the coming week, it will be a bullish sign Dollar bulls will be encouraged that the nearest support level, shown in blue at 12293 within the below price chart, has continued to hold, giving hope that the greenback will resume its advance more strongly.
It may be wise to take trades in favor of the US Dollar in the Forex market over the coming week.
US DOLLAR SHORTFrom my technical analysis, MONTHLY & WEEKLY timeframes are well positioned at the resistance level. Daily timeframe has shifted structure. I will advise you to wait for 4H to change market structure to short.
This is for SWING traders but for shorter term traders, you can adapt this to your strategy.
For next week, I will be looking for long opportunities in Both EURUSD AND GBPUSD. Also a short opportunity in USDJPY.
Cheers fam!
USDOLLAR potential for bounce! | 18th March 2022Prices have recently broken out of the ascending trendline support.
We see the potential for a retest from our Pivot at 12285 in line with 78.6% Fibonacci retracement towards our Take Profit at 12355 in line with 61.8% Fibonacci retracement . Prices are trading above our ichimoku cloud support, further supporting our bullish 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.
USDOLLAR potential for bounce! | 18th March 2022Prices have recently broken out of the ascending trendline support.
We see the potential for a retest from our Pivot at 12285 in line with 78.6% Fibonacci retracement towards our Take Profit at 12355 in line with 61.8% Fibonacci retracement. Prices are trading above our ichimoku cloud support, further supporting our bullish 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.
Dollar index potential for bullish momentum! | 17th March 2022Prices are on bullish momentum and abiding trendline. We see the potential for a bounce from our buy entry at 12326 in line with 161.8% Fibonacci Projection towards our Take Profit at 12393 at in line with 78.6% Fibonacci retracement. Prices are trading above our ichimoku clouds, further supporting our bullish 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.
USDOLLAR on bearish momentum! | 16th March 2022Prices are consolidating in a parallel channel. We see the potential for a dip from our sell entry at 12394 in line with 100% Fibonacci Projection and 161.8% Fibonacci Projection. RSI is at levels where dips previously occurred.
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.
USDOLLAR potential for pullback!Prices are consolidating in a bullish channel . We see the potential for a dip from our sell entry at 12398 in line with 161.8% Fibonacci Projection towards our Take Profit at 12333 in line with 23.6% Fibonacci Retracement and 50% Fibonacci retracement . RSI are at levels where dips previously occurred.
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.
USDOLLAR potential for pullback!Prices are consolidating in a bullish channel. We see the potential for a dip from our sell entry at 12398 in line with 161.8% Fibonacci Projection towards our Take Profit at 12333 in line with 23.6% Fibonacci Retracement and 50% Fibonacci retracement. RSI are at levels where dips previously occurred.
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.
USDOLLAR potential for bullish continuation! | 11th March 2022Prices are on bullish momentum and consolidating in a parallel channel . We see the potential for further bullish continuation from our buy entry at 38.2% Fibonacci retracement towards our Take Profit at 12346 in line with 100% Fibonacci Projection and 61.8% Fibonacci retracement . Prices are trading above our ichimoku cloud support, further supporting our bullish 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.
USDOLLAR potential for bullish continuation! | 11th March 2022Prices are on bullish momentum and consolidating in a parallel channel. We see the potential for further bullish continuation from our buy entry at 38.2% Fibonacci retracement towards our Take Profit at 12346 in line with 100% Fibonacci Projection and 61.8% Fibonacci retracement. Prices are trading above our ichimoku cloud support, further supporting our bullish 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.
USDOLLAR potential for bounce! | 10th March 2022Prices are on bullish momentum and abiding to our ascending trendline support. We see the potential for a bounce at our buy entry at 12267 in line with from our ascending trendline support towards our Take Profit at 12312 in line with 61.8% Fibonacci retracement. Prices are trading above our ichimoku cloud support, further supporting our bullish 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.
USDOLLAR head and shoulder on 30minLookout for this level. Dollar is looing weak today. watch this level.
USDOLLAR potential for dip! | 2nd March 2022Prices are consolidating in a triangle pattern. We see the potential for a dip from our sell entry at
12243 in line with 61.8% Fibonacci retracement, 38.2% Fibonacci retracement and 61.8% Fibonacci retracement towards our Take Profit at 12179 in line with 78.6% Fibonacci retracement. Our bearish bias is further supported by RSI being on bearish momentum.
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.
USDOLLAR potential for pullback! | 1st March 2022Prices have consolidated in a potential double top pattern. We see the potential for a dip from our sell entry at 12225 which is an area of Fibonacci confluences towards our Take Profit at 12151 in line with 100% Fibonacci extension and 200% Fibonacci Projection. RSI is portraying bearish momentum.
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.
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USDOLLAR potential for pullback! | 28th Feb 2022Prices are abiding to a daily ascending trendline and approaching a pivot at 12292 in line with 61.8% Fibonacci extension towards our Take Profit at 12189 which is an area of Fibonacci confluences. RSI is at levels where dips previously occurred.
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.
USDOLLAR potential for pullback! | 28th Feb 2022Prices are abiding to a daily ascending trendline and approaching a pivot at 12292 in line with 61.8% Fibonacci extension towards our Take Profit at 12189 which is an area of Fibonacci confluences. RSI is at levels where dips previously occurred.
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.
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.
USDOLLAR/ DOW JONES. We maybe seeing the sellers kick in fully in the next coming days... I personally cant wait to see what the sellers and buyers do at this point been amazing trading in the 2022 season so far.
USDOLLAR Bearish Pressure | 17th Feb 2022On the H4, with prices moving below the ichimoku cloud, we see the potential for a drop to our entry at 121834 in line with horizontal swing low support and 127.2% Fibonacci extension from our entry at 12180 in line with the 61.8% Fibonacci retracement. Alternatively, price head for our stop loss at 12227, in line with the horizontal swing high resistance and 50% Fibonacci retracement.
