DOLLAR INDUSTRIES Has a good chart setup with a strong supportDOLLAR INDUSTRIES Has a good chart setup with a strong support near 470
Only concern is 11th Nov earnings date, Might be volatile that day.
Upside Target in DOLLAR expecting is 590/630
DOLLAR trade ideas
Key Support / Resistance Breakout - Swing TradeDisclaimer: I am not a Sebi registered adviser.
This Idea is publish purely for educational purpose only before investing in any stocks please take advise from your financial adviser.
Key Support & Resistance Breakout. Stock has give Breakout of Resistance level. Keep in watch list. Buy above the high. Suitable for Swing Trade. Stop loss & Target Shown on Chart.
Be Discipline because discipline is the Key to Success in the STOCK Market.
Trade What you see not what you Think.
DOLLAR Industries Daily timeframe analysis for long term
NSE:DOLLAR about to breakout 450 level.
We can see long term move above 451 with SL of 415 and can average till 427.
Major targets levels are highlighted in blue lines.
Dollar is gonna be pricey #superchartzBreakout after a long consolidation:
1. **Momentum Shift**: A breakout after a prolonged period of consolidation signals a significant shift in market sentiment. It suggests that one side (buyers or sellers) has gained the upper hand, leading to the potential emergence of a new trend.
2. **Trading Opportunities**: Traders and investors eagerly await breakouts as they can present lucrative trading opportunities. Successfully identifying and riding the momentum of a breakout can result in profitable trades.
3. **Confirmation of Trend Reversals**: Breakouts can serve as a confirmation of potential trend reversals. If a market has been in a downtrend or uptrend before consolidation, a breakout can validate the potential change in direction.
4. **Reduced Trading Range**: Breakouts signify the end of a prolonged period of limited price movement. The price escaping the consolidation range indicates that the asset is likely to experience more significant price swings.
5. **Technicals Validation**: Technical analysis tools like moving averages, trendlines, and chart patterns often align with breakouts. These indicators can reinforce the legitimacy of the breakout and add credibility to the potential trend change.
6. **Increased Volatility**: Breakouts often coincide with increased market volatility. This heightened volatility can provide traders with opportunities to capitalize on price swings and profit from the increased market activity.
7. **Psychological Impact**: Breakouts can have a strong psychological impact on market participants. As the price breaches key resistance or support levels, it can trigger a wave of buying or selling, further fueling the momentum.
8. **Risk Management**: While breakouts offer attractive opportunities, they also come with risks. Traders should be cautious of false breakouts, which occur when the price briefly moves beyond the consolidation range but fails to sustain the momentum.
9. **Volume Confirmation**: To validate the legitimacy of a breakout, traders often look for accompanying higher-than-average trading volume. High volume during a breakout can strengthen the case for a sustainable trend change.
10. **Market Sentiment Insights**: Breakouts provide valuable insights into market sentiment. A successful breakout can reflect increased confidence in the asset, while failed breakouts can reveal uncertainties and potential reversals.
Remember, combining technical analysis with other forms of research and risk management strategies is essential when making trading decisions based on breakouts.
Dollar Industry Resistance breakout Dollar Industry Resistance breakout
Buy for swing trading
Target for 520
Stop loss 400
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DOLLAR INDUSTRIES HIGH MOMENTUM TRADENSE:DOLLAR broke out from a major rising wedge pattern. Price did attempt a breakout prior to this but it could not sustain. Likewise, price gave a fake breakdown before giving a proper breakout and releasing huge momentum (25-30% in 1 week).
Strong volumes towards virgin territory is another bullish sign in favor of this trade playing out.
One may skip this trade because price has already moved 15% post breakout, But any small consolidation or a considerable retrace in price is a golden chance to enter and ride this momentum.
Keep this stock in a watchlist. Don't miss out this beautiful trade. Lookout for any kind of retracement or consolidation and enter blindly. Potential 1:3, 1:4 Risk reward trade.
Targets: 600/700/850+
sl: below 465 *as per price action (Opt for a more dynamic sl once price retraces to a lower level near breakout highs)
Position size accordingly. WAIT FOR RETRACE. DON'T JUMP IN. LET GO OF THE TRADE IF PRICE CONTINUES TO RALLY IN ONE DIRECTION.
HAPPY TRADING!
DOLLAR INDUSTRIES DOLLAR INDUSTRIES should be in watchlist for upcoming weeks. Its making rounding bottom pattern and its at breakout level.
Multiyear Breakout in Dollar IndustriesMultiyear breakout has come in dollar industries.
Rounding bottom formed in monthly charts, one can still enter at current market price for a long term view.
DOLLAR NSE BULLISHVIEW ABOVE 480DOLLAR NSE is bullish if 480 holds. Near Life-time High. Fresh Breakout. Positive Trend.
** Educational Purpopse Only. Not Buy/Sell Recommendation.
Buying Idea in Dollar IndustriesTaking support from 40 EMA and bounces from there.
Next but at 40 EMA.
Dollar Industries LtdThis chart is only for educational purposes and should not be considered for doing any buying and selling in this stock.
Stocks For Tomorrow: BTST, Swing & Positional TradeHere is the list of some stocks which are technically ready for long positions for short term, you can do your own analysis before taking trades as these videos are made for educational purpose only, trading involves risk so take your own decision..
Go long in Dollar above 166Flag formation. can go long above 166 with SL of 150 for the target of 190 - 230
Dollar and NFP jobs data The dollar demand was getting muted towards the end of the trading week but reemerged on Thursday as the ECB dumped the euro and risk-off sentiment intensified. The majors are making some recovery attempts ahead of the US NFP jobs report due later today.
Considering a rather high correlation between the ADP and NFP numbers, we could see solid results for February. The ADP employment report showed the economy added 183K jobs last month, marginally below the 189K expected. By the way, the January reading was revised strongly upwards to 300K from 213K originally reported.
However, considering that the Fed policy makers have repeatedly indicated that the country’s labor market is tight already, the focus will likely shift towards the wages data. So should the earnings numbers disappoint, the greenback could lose ground across the board after a strong start of the week.
As for the EURUSD pair, dismal jobs and wages data may help the prices settle above the 1.12 level after yesterday’s plunge to the low of 1.1175. But any potential rally will likely be short-lived and limited due to the general euro weakness.
Dollar still has advantages over its rivals The greenback had a fruitful week, with the US currency has decently appreciated against most rivals. Safe haven demand was the key driver as investors continue to assess global growth prospects and further price in lower activity in major countries. The trade-related fears reemerged as well, which gave the additional lift to the dollar.
Despite the recent Fed’s dovish shift, the monetary policy divergence is still there as other major cen-tral banks won’t proceed to policy normalization against the backdrop of dismal economic reports. Therefore, the greenback remains attractive in this context due to higher rates in the US even as the Federal Reserve decided to take a pause in its tightening cycle.
Considering that the US economy feels better than others, and the rising concerns over the US-China trade relations, the dollar could remain elevated in the medium term. As for the immediate outlook, the risk for the US currency is the political landscape in Washington. Another government shutdown looks increasingly likely. The border security talks stalled on Saturday, and should the lawmakers fail to find a middle ground before a February 15 deadline, the government will shut down again.
Trade talks and FOMC minutes in focus US-China trade talks continue, lifting market sentiment marginally amid the optimism and hopes of some progress or a breakthrough in relations. While the two countries may reach some arrangements, it is still too early to expect a deal announcement as the trade issues are too deep and complicated to be resolved quickly. So if the possible progress doesn’t meet investor expectations riskier assets will be disappointed while the greenback could extend its timid corrective rebound.
However, the downside risks for the dollar are still here. On Wednesday, FOMC meeting minutes could show that the Federal Reserve is preparing to take a pause in tightening this year, citing moderating growth globally. By the way, in December, it was the first time in over two years that the Fed had lowered its forecasts rather than raising them. According to the latest Powell’s comments that were more cautious than previously, the bank is really preparing the ground for at least a more moderate tightening down the road.
Investors are now focused on the signals from the Fed and the upcoming meeting minutes could bring more volatility to the markets. The dollar may resume its decline after the current rebound and finish the week on a weaker footing if Powell’s speech on Friday comes as ‘dovish’.
Dollar’s path hinges on Fed rate hike bets The greenback is mixed on Friday as traders take a cautious tone ahead of the key US NFP employment report. The release could bring back short-term volatility in the dollar pairs but the broader picture will still depend on the Federal Reserve rate hike bet.
The US-China trade war, prospects of slower global growth, and a more cautious tone by the Fed make inves-tors worry about the potential pause in rate hikes at some point in 2019. The base-case scenario now implies that after a hike in December, the central bank will stop monetary policy normalization should the effect from fiscal stimulus start to ebb, and the trade war consequences affect the economy.
However, as long as the US GDP and CPI growth rate stays robust, the Fed will unlikely send the markets a clear ‘dovish’ signal. In this context, there is no eminent threat to the dollar’s bullish trend in the short- to medi-um term. However, should the yield curve stay inverted, and the 10-year Treasury yields continue to decline, re-cession worries could come to the fore. In this case, the greenback will have to turn to defensive.
Five reasons behind dollar weakness There is no reprieve for the greenback on Tuesday as all the major factors point to further waning of its attrac-tiveness. The US currency struggles to regain strength after the recent change in the Fed’s tone on tightening prospects. Recent investor optimism over the US-China trade negotiations added to the bearishness as well.
Today, the PBOC has strengthened the yuan by the most since June 2017, which put the USD under further pressure. Also, we see a strong recovery in the European currencies as euro rises on hopes that Italy’s govern-ment will make enough budget concessions to satisfy the European Commission. Meanwhile, the cable jumped as the EU court aide hinted at leaving open option to revoke Article 50 unilaterally. Strong UK PMI construction and euro zone PPI data also help to lift sentiment surrounding the European currencies and add to the selling pressure on the buck.
A more notable bearish driver for the dollar is further fall in Treasury yields. The 10-year yields broke below the 3.00% figure, down to three-month lows. Even more alarming is the fact that the spread between the 3-year note and the 5-year note have inverted for the first time since 2007, which is a sign of a recession in the US. This fac-tor should be closely followed down the road as further bearish signals from this front could derail Fed’s tight-ening plan and make the greenback break the ongoing bullish trend.
