We know the dxy is on a pullback- urrent price is at 105, i expect it to go down to 100.
The strategy with this trade is to growth the larger trend to make profits, rather than trying to predict the reversal
I have been trading the dxy *bullish* since may using these trend lines and for months I've kept extending them. And finally the pump has ended. we will likely see bearish/sideways movement for the next couple of months
-Just for me really
dxy in need of a pullback to confirm on 110 minimum before reaching for 120. the dxy is and has been strong continuously this year but markets move in waves, money moves in waves. gotta catch does waves bro
The DXY is in need of a pull back after reaching 114, to at least confirm on 110 before shooting for 120.
Againt the doller, the chf is on of the strongest, despite the strength of dollar this year the chfusd has moved more sideways than pairs like eurusd, gbpusd and audusd
GBPUSD SELL
currently have +200 pips floating. Price is moving up to rest previous lower high. AIM to enter at the sign of rejection
FULL ANALYSIS: available on account
Going Long on DXY
1. Fundamentals
- fed hawkishness - increasing inflation rates to COMBAT inflation
- declining inflation reports - GOOD
- declining unemployment rates- GREAT
- increasing non-farm payrolls - WOOPDEWOOP
2. TECHNICALS
- on the weekly chart 112 is a significant level
- 4hr chart trend lines have been obeyed since the beginning of this year
- he...
the euro has been weakening since last year, whilst the dollar has been strengthing.
Fundamental analysis
the recent US non-farm payroll statistics for July 2022 recently came out as WAY more positive than expected. Us unemployment rate has also declined whilst the fed is increasing hawkishness by raising interest rates t record levels. ( so have eur but not to...
the pound has been weakening since last year, whilst the dollar has been strengthing.
Fundamental analysis
the recent US non-farm payroll statistics for July 2022 recently came out as WAY more positive than expected. Us unemployment rate has also declined whilst the fed is increasing hawkishness by raising interest rates t record levels. ( so have GBP but not to...
CHF's fundamentals are currently stronger than JPYS.
Despite posting the cadjpy trade short- i did not take the trade given the market movement at the starr of this trading week.
The TP may not extend a high as on this idea
Fundamental analysis:
Overall I have a bullish bias for the DXY (USD), given the current recession, it being the federal reserve and the feds current hawkish. Inaddition this week news on the US interest rate will be released, forecasted to increase by 0.75 making the total interest rate at a massive 2.5%. Increasing the interest rate is often used a strategy to...
Fundamental:
Overall I have a bullish bias for the DXY (USD), given the current recession, it being the federal reserve and the feds current hawkish. Inaddition this week news on the US interest rate will be released, forecasted to increase by 0.75 making the total interest rate at a massive 2.5%. Increasing the interest rate is often used a strategy to reduce...
the orange boxes represent take profit 1 and 2. Depending on the chart movement my tp will change
As cadana is lowering the prices for oil, the cadian index will likely decline. the japanese index is the lowest it has been in maybe a decade, hower it is currently bouncing upwards off a support line which i think it will stay for a few more weeks before declining.
The JXY is shooting up today, showing just as much strength than the dxy
Shorted gbpjpy at 162.73, looking to gain 70-80 pips, using a position size of 0.6 lots. TP #1 at next support zone.
Looking at CADJPY long. Entry at 104.901.
Trade analysis: Price broke out of 4H time frame trend line, retested, and broke above the trend line. The canadian index is currently reversing for more upside, whilst the Japanese index continues to decline. Take profits were set as to the next significant WEEKLY LINE (of resistance), given that the 'big money' (banks...
