Daniel.Dalo
Long

AUDUSD - DXY and Australian dollar timing

FX:AUDUSD   Australian Dollar/U.S. Dollar
106 5 1
A nice opportunity to buy this pair has arisen, as the DXY             is hitting a daily supply level and on the AUDUSD             pair, we see price has just hit a daily demand, a 240 min demand and 30 min demand levels at the same time. So, is a very high probability trade but we can always wait for a confirmation ( RSI divergence, RSI overbought/oversold, double bottom , doji canddle, etc.) on the entry timeframe.

The DXY             chart is posted on the first comment.

Good luck!
Daniel.Dalo
2 years ago
DXY hitting daily supply level:

snapshot
Reply
dionvuletich
2 years ago
I think in this case given the sharp selloff the daily levels you noted are probably going to hold more significance, 0.8757 looks good which is where it is now... and agree with the dixie... I am short USDJPY now due to the same reason higher time frame supply levels + patterns, that supply level you noted on dollar index also looks good so we might be in for a Euro rally as well...! (Euro makes up >55% of DXY)
+1 Reply
Daniel.Dalo dionvuletich
2 years ago
Thank you very much for the insight, I will take a look at USDJPY because I didn't have time during the weekend :s I hope that trade goes good for you as well.
Reply
dionvuletich Daniel.Dalo
2 years ago
btw I really like the look of that DXY level... =)
+1 Reply
Daniel.Dalo dionvuletich
2 years ago
Thanks! It really seems very good, I hope it holds, because I'm trying to time my entries based on that level holding for this week =)
Reply
Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Account and Billing Sign Out