Trade ideas
USD: Bearish resumption or bullish breakout?Following up on my recent ideas of eurusd long and gold long and usdchf short ...Looking at the us dollar index chart, it also confirms that we are at potential reversal zone and a key trading area. We are testing the top of the channel and the horizontal resistance and key high at 12012.
As i mentioned earlier, we need a fundamental/economic catalyst to push the us dollar higher, as of now, we do not have it. So i am in favor of the bearish resumption scenario.
However, as a trader i should trade what i see and adapt with what the charts give me, so i would stop and reverse my bias from bearish to bullish on a break above this resistance area.
Best
Technician
DXY Long Opportunity!Hello traders! We had the first strong impuls up on dxy. We are expecting it to continue moving to upside. Wait for a correction in lower time frame before entering long.
TRADE WITH NO EMOTIONS!
DXY @ Structure: SHortWatch the trade set up
Disclaimer: This is my trading opinion; it is neither recommendation nor invitation to trade.
USDollar Analysis
We have seen the MAs crossover on the monthly, weekly and daily timeframes, indicating future bearish momentum.
I foresee price coming down to the 11650 monthly support area which lines up with the monthly upward trend line that could result in a 3rd retest of the trend line which could take us to new highs of 13254 which is weekly resistance and lines up with the 127.2% fib extension level.
However if further dollar weakness arises along the coming weeks, this could mean we could break the monthly trend line to the downside, with our next immediate target being 11325 and 11000 as the next target should bearish momentum continue.
However my short term bias for the dollar is bearish & long term bullish.
US Dollar birds eye viewThe US dollar has been bullish for the last 4 weeks, but could we see a retracement before further upward movement?
On the daily/weekly chart we are about to hit a possible resistance level at 0.382 Fibonacci which is close to the counter trend line, and also on the daily chart the RSI seems close to overbought. Long term i still think we can ride the bull. Good luck
This more diversified USD is breaking 23.6%and a daily T/L with multiple touches...of course day is not finished
Good times for US dollar coming up?US dollar is sitting inside monthly demand zone after several attempts to go lower. Though still in a down trend, could it be close to turning around?
USDOLLAR rising wave...USDOLLAR rising wave. The exchange rate came round. The increase, albeit with increasing momentum, is moving in a flat ATR field. Therefore, up to a level of 12065, a near 50% correction is expected. Then, the resulting wave will be able to produce up to a full turnaround.
$ indexIt shows some downside...We should see some rally EU, GU, AUDUSD, NZDUSD.
Be caution, it is counter trend trade.
DXY: ShortWatch this trade set up
Disclaimer: This is my trading opinion; it is neither recommendation nor invitation to trade
USDOLLAR SHORTAfter breaching the demand zone,price has returned to the zone now a supply area to test it.
DXY @ 61.8%Price pull back to 61.8%, if trend line break,
Long with SL: 11735; TP1: 11860; TP2: 950
Disclaimer: This is my trading opinion; it is neither recommendation nor invitation to trade.
$$$ USDOLLAR $$$ - Bullish LongtermIm looking for a BUY opportunity in USDOLLAR until the Support 2 has been taken out.
Long USD IndexDisclosure: RM Long. Price not disclosed. Entered on 08Sept17.
Shorts being squeezed. Seems a crowded USD bear trade with stretched indicators and price at important price zone. Already added 25% original size in 36hr consolidating flag breakout. Looking to build into this again if opportunity presents, conscience not to damage the R:R profile of the original trade too much.
US Dollar DivergenceSince July, US Dollar index has been in price divergence. Price action showing signs as well. Is it possible that turn around is coming on Weak US dollar
USDOLLAR H&S Patternjust an idea and H&S pattern , wait for the neckline breakout , by dollar breaking that it'll make euro-pound-aussie-new zealand drop. and usdjpy-usdchf-usdcad up up up.
