Dollar is too weak and will stop falling within the broad support area soon. Though strong fundamentals might be at play With the US elections and Coronavirus 2nd Wave I don't think the Dollar Almighty is ready to go lower Buy! Like, comment and subscribe to BOOST your trading! See other AWESOME ideas below!
The Dollar is weaker in relation to most major rivals in the run up to the FOMC and doubtless anticipating dovish guidance from the Fed and Chair Powell, but no action in terms of policy stimulus. However, the DXY is hovering around 93.000 within a softer 93.548-92.897 range awaiting the climax of the US Presidential Election that looks increasingly likely to see...
-Many investors are fleeing into cash for fear that capital gains taxes will increase under Joe Biden.. This may have caused the Markets to Sell off in the Past Few Weeks.. -If Trump Confirms Re-election, much fear and anxiety over capital gains tax could dissipate, as Trump has a more laissez faire approach for taxing business owners and investors. -If Biden...
This is basically inverted Dollar Index ( DXY ) chart (equal weight against 2 major world currencies EURO and YEN) Price is likely to fill the extension. Usually price react at major clean breaking points ( CBR ) or at point of releases (POR). Thats where you should place trades. Never chase price. Trade the reactions. Sooner or later such liquidity blocks come to...
Hi trades, Watch your lower time frame for your sell setups. If the price will aggressively break to the upside this setup will become invalidated. So keep an eye on your lower time frame for sell setups. I do anticipate that the price will be keep falling until the 3rd of November - USA ELECTION. After the election we can anticipate a DXY Dollar index to rise.
A strong week for the US Dollar, with most Emerging Market currencies coming under pressure. Also look at my US Dollar Index Idea here: Despite the USD strength, the ZAR remained resilient, having some of the best relative BRICS currency performance for the week. BRICS currency/USD movements for this week: Brazil -1.9% Russia -1.1% India -0.6% China...
DXY I published a chart for DXY at beginning of September(linked below). This video furthers the idea that DXY is in correction mode. I propose that DXY will make a retracement back to its local trendline, using the 14% retrace of March-September Swing as support now. Looking for potential bounce from there($93.32 area), then a resumption of the correction to...
in last week , Dollar index movement make noise in all Major Trading instruments like XAU XAG EUR GBP Trading Setups , Traders and Trading institutions Feel more risk on the DXY New Price and a lot of them liquid their positions to Hedge The risk with more Liquidity Powell Testimony was Most Important Event Of the week and when he said there is no enough debt and...
U.S. Dollar Index Forming falling wedge. We are near the line of resistance that we are most likely to break it. Best regards EXCAVO
I have laid...it...out. 1.6:1 I would be quick to scale out of this, could just be a pullback to further upside? be a Baller.
🔸 WEEKLY CHART EXPLANATION: . . 🔸Price broke the Ascending Channel. . 🔸It is now facing the Support Zone at 93.00. . 🔸If this zone is broken to the downside, the next bearish target is the Support Zone at 89.00. . 🔸 Will look for a lower timeframe bearish setup.
Hello, everyone! Kindly ask you to read Related idea first. UPDATE: - After facing the resistance this instrument continued its movement within the channel with some false breakout. In my opinion, we might see the further movement in a couple of days. Good Luck!
The trend in the USD is down - and normally its a good idea to follow the tend BUT.... Europe second wave - euro negative US cases coming down (possibly because of less testing) US election US Treasury auction supply - 20 year bonds next week New Zealand example of other central banks easing first Haven flows without stimulus deal, US China relations (talks...
I show you the best Sell places. I choose to sell it because the global trend is bearish. The best pattern to enter the position will be a huge candle. If the price will approach slowly it will be better to wait and watch. Push like if you think this is a useful idea! Before to trade my ideas make your own analysis. Thanks for your support!
USDJPY H4 - Nice Double top in sight, rejections of 106.300 would be ideal, two heavy monthly key levels and a week, local H4 resistance, should see a reaction at 106.300 price for hopefully this bearish USD downside continuation after a recent relief rally.
DXY H4 - Another week of USD weakness. Clear downtrend seen here on dollar index, other pairs such as USDJPY, USDCHF following very similar suit.
Watch for price to tag the top of the rising wedge and enter short
🔸 4H CHART EXPLANATION: . . 🔸Price bounced at the Resistance Zone. . 🔸After that it broke the Trendline of the Corrective move. . 🔸Now it is facing the Previous low, so, we are waiting for a brekout of this level to confirm the view. . 🔸 Will look for a lower timeframe bearish setup. 🔸 DAILY CHART ANALYSIS: