DollarHello traders, here is the analysis from our team :
We feel; These area's. Will give best results for scalp buys, Or Sells.
#1 Buy@ 93.365
* Futures sometimes run in one direction during Day. *
So. If no Momentum, Or pullback in these area's for 7/27/2020.
Void trade. We like 130 pip Sl/Target. Take profit 5 to 130 pips, Move
STOP LOSS UP WHEN YOU CAN.
Let us know in the comment section below if you have any questions.😉
Let us know in the comment section below if you have any questions.😉
DX1! trade ideas
Dollar analysisLast week I got a lot of emails regarding buying Dollar. Guys, it is not time yet. We have a good setup in this market – commercials are long, the evaluation index shows the dollar is undervalued, but time matters a lot in this business. We have to get price action confirmation. I would like to see ‘wash-out low’ before a rally starts. Besides, we have a clear trendline on the daily chart, and breaking above it is what we are waiting for. The most conservative traders can look for breakout and successful trendline retest before taking a trade. We have a good setup for a potential big rally, but patience is a must.
Dollar index rises from daily chart supportThe complex dollar index has recently risen from the daily chart support level. Not only that, in 1H, the US dollar index completed the bottom of the W pattern and broke upwards to the horizontal resistance level of 99.60. It is expected to move towards 100.30 first.
ENTRY - 2 WEEKS ONLY TO ANALYSE DX1! - US DOLLAR - DAILYThank you for your likes! Please share to benefit our community! Very appreciated!
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Historical trend tell us that at the moment the DX1! US DOLLAR INDEX FUTURE is evolving above his past long range and might return to it from next month.
The probability is increased when we see that there is a pressurized triangle shape with a strong resistance and an uptrend support which can be broken because of its angle.
Keep in mind that the market has top and bottom pic s which are still strongly in the memory of the investors.
What to do ?
- 2 weeks to analyse the market
- Prepare to enter in 2 weeks or 3 ready to make profits.
Probability:
- Higher probability to observe a market reversal trend
- Market have still chances to break the resistance line. If this case happen, wait for the uptrend to vanish to enter short. Short entry stays still more interesting.
Bullish on the US Dollar FutureWe can see that there is a clear range illustrated by the market . The top and bottom blue lines are the new support and resistance.
We have two clear reasons to see that the possibilities for the market going bullish increasing significantly :
-The formation of the candlesticks on the support line, taping the line to rebound .
-Combined with the strong volume bigger than all of the other ones before.
Go bullish for the moment, we are in the middle of the range. Take decision after new analysis when the resistance is reached.
Possibilities:
-Pullback down again (Stay in the range)
-Strong break but return into the same range (To get rid of all buyers)
-Strong break with volumes and the formation of the right candle stick afterwards for a new long entry.
- Beware of the support line which still stays another possibility if it keeps ranging
Timing:
- If already in the market in the long direction exit at the top blue line or the next red candlestick.
- Strong probability to see the top level reached: beginning of next week.
DX what to do with my cashThis may be the most important chart for me in the big picture sense because I will use it's cues to help me decide if my dollars are safe or if I need to protect against inflation now. This chart shows the dollar is either going to pop or drop, hell maybe both(we already had one fakeout to the upside). My feeling is that we are first in for a major deflationary cycle where asset prices will plummet across the board due to lack of demand. No amount of money printing can change that.....or can it?
I guess I could also see stocks blasting off due to massive inflation that is occurring. But I think this phase of "maybe we're out of this pandemic soon" is going to come to an end when we start to see the widespread insolvency that is going to occur due to 30 million people losing their jobs. The need for dollars will be insatiable to pay down dollar debt all over the world. In this case I predict prices will plummet and the dollar will rise even as the Fed prints infinite money to counteract it. That's where my money is for now, long dollars.