USDOLLAR/ DOW JONES. We maybe seeing the sellers kick in fully in the next coming days... I personally cant wait to see what the sellers and buyers do at this point been amazing trading in the 2022 season so far.
Trade ideas
USDOLLAR Bearish Pressure | 17th Feb 2022On the H4, with prices moving below the ichimoku cloud, we see the potential for a drop to our entry at 121834 in line with horizontal swing low support and 127.2% Fibonacci extension from our entry at 12180 in line with the 61.8% Fibonacci retracement. Alternatively, price head for our stop loss at 12227, in line with the horizontal swing high resistance and 50% Fibonacci retracement.
USDOLLAR potential for bullish momentum! | 11th Feb 2022Prices are on bullish momentum. Breaking our pivot at 12217 in line with 127.2% Fibonacci extension will might find prices climbing further towards our Take Profit at 12259 in line with 61.8% Fibonacci retracement and 200% Fibonacci projection. MacD is supporting our bullish bias with bullish momentum portayed by the crossovers of 2 MAs.
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USDOLLAR Turning BearishHi there,
We see that the USDOLLAR was trying to push up, and it was convincing for that Low at 12154. But, the RSI rejects that Low for now, and promises and bearish continuation.
12120 is the nearest target and the bias is 12080.
.
Khiwe
On this profile page, the shared analysis, ideas, and also, the strategy of a chart belong to Khiwe with some being influenced. The technical set-ups are speculative, they are not guaranteed for accuracy or completeness in the form of any content; -it is not to advise on financial markets. Please apply your own analysis and confirm it with price action.
US DOLLOR INDEXThe weekly price chart below shows the U.S. Dollar Index printed a large bullish candlestick last week, after previously rejecting the support level at 12257, which closed relatively close to the high of its range. The price ended the week at its highest weekly close seen in 18 months. These are all strongly bullish signs for the greenback. The dollar was boosted by last week’s Federal Reserve release which suggested 2022 will see higher and faster rate hikes than had been widely expected.
Overall, it seems clear we have a very bullish picture in the USD over the long and medium terms, so it will probably be wise to trade in the direction of long USD over the coming week.
USDOLLAR: BREAKOUT OF BULLISH TRENDLINE? or ANOTHER BULL RUN?Hello Enthusiast Forex Trader! Here's Long-term outlook for USDOLLAR , Support the Channel by smashing the FOLLOW and LIKES Button, then Share your opinion on the Comment Section below :)
*USDOLLAR creates a Descending Broadening Wedge pattern on Daily Timeframe
*USDOLLAR is moving above the Exponential EMA200 and bullish trendline
*Stochastic is pointing up in the neutral area, it could indicate a bullish momentum ahead.
*If the price exceeds the support area, it will invalid the roadmap and USDOLLAR can move in bearish phase/sideways
DISCLAIMER:
This isn't a recommendation to buy or sell currency pairs, only an Outlook from technical perspective.
dollarfed raising rates and unloading bonds onto the stock market sellers as a safe haven, war drums push money from europe also. once thru volume then she can run. bond holders will get slaughtered when the gov'ts default.
DXY - Short OpportunityPrice retests the structure after breaking the long trendline. short with sl & tp indicated
What To Expect From the US Dollar Up Until February 2022Fundamentals:
No change.
Yields and the yield curve remains supportive of a strong US Dollar
Deleveraging has not begun yet
Bullish
Technicals:
uHd
38.2% - 50% fib supprt
Bullish RSI and MACD
Weekly support
Pullback appears to be a fourth wave
Price Projection:
12360 -12479
Time Projection:
January 24, 2022- February 28, 2022
DXY - Short OpportunityPrice breaks the trendline& retest and if unable to break up, short with sl & tp indicated.
USDOLLAR ForecastTheoretical Rule 2: The price should reject from supply and fall to reach the first TP
.
Khiwe
On this profile page, the shared analysis, ideas, and also, the strategy of a chart belong to Khiwe with some being influenced. The technical set-ups are speculative, they are not guaranteed for accuracy or completeness in the form of any content; it is not to advise on financial markets. Please apply your own analysis and confirm it with price action.
Dollar Index sellI missed this setup in my morning 5AM forecast because I did it casually in bed. Price has been breaking lows it retested making a doji then closed low perfect signal price will move lower
USD Retracement Incoming!! Must Watch Hello traders!
Please see our breakdown and opinion of the current Usd index.
Breakdown -
Price has been respecting this bullish dynamic support since late October and we have seen multiple tests of this area as it ascends.
We have identified what we think is some 4hr exhaustion in the orange box. It is also apparent from the daily time frame that may have ran out of steam and at the very least a correction is about to be forthcoming.
We have a bearish bias for the Usd Index for W/C 06/12.
There is some additional confluence factors we however would like to see : -
: - we would like to see price break and close below our ascending trend line.
: - we would like to see price retest our trend or our structure area.
Note the analyses from this index will be used to add confluence to any Usd currency pairs that we are monitoring next week.
Let me know in the comments below what your thoughts are on the Us Dollar just now and if you like the content and want to see more like this hit the follow button and give me a thumbs up!
The Fx Charist
Short-term US Dollar Forecast Possibility of some short term downside or counter trend trades for the US Dollar in the next few weeks! Recently we have seen the Dollar break through a key monthly level and previous lower high structure point impulsively which now means we are bullish on the Dollar as this shows intended direction of price. However, on Friday we have seen a 1-2-3 daily reversal pattern with a strong bearish daily candle close which could suggest that we could be at the start of a pull back/ correction in price. If we do start to pullback, i would be looking for price to show descending corrective movement back into the monthly key level (12100) which is also a 50% Fib retracement for bullish continuation. If price does break this level then the next level i would be watching is the weekly key level (11900) and 61.8% Fib retracement which would be a deeper pull back from the larger swing and could mean a larger move up possibly into the region of 12600.
With this in mind, when looking at currency pairs containing the US Dollar, we would be looking for selling opportunities for counter trend trades in USD/XXX pairs & buying opportunities in XXX/USD. However, this all relies the Dollar retracing. If prices continues bullish, we will have to re-evaluate at a later date.
Feel free to leave any comments!
USDOLLAR: BULLISH BIAS, SIGN OF STRONGER ECONOMY?Hello Enthusiast Forex Traders! Here's medium-term outlook for USDOLLAR , Please give us the thumbs up and support the channel by Smashing the FOLLOW button :)
USDOLLAR formed a trendline false break on h1 timeframe. Afterwards, USDOLLAR already broke out of the Falling wedge pattern.The MACD already crossed upward above the zero area, it signify a probability of potential breakout in the near future.
The roadmap will be invalid after exceeding the support/target area.
DISCLAIMER:
This is only an outlook, not a recommedation to buy or sell the cryptocurrency.
USDOLLAR Analysis - Symmetrical Triangle This is a chart for the USDOLLAR, which has been inverted to display the nature of a symmetrical triangle
Price can be seen to enter and exit on opposite sides
Using this assumption we can say that price will rise, at it climbs to exit the triangle (inverted)
USDOLLAR: DESCENDING BROADENING WEDGE, BULLISH BIAS ON DOLLAR?Hello Enthusiast Forex Traders! Here's long-term outlook for USDOLLAR, Please give us the thumbs up and support the channel by Smashing the FOLLOW button :)
USDOLLAR formed a trendline false break on daily timeframe. Afterwards, USDOLLAR is forming the descending broadening wedge pattern. We're looking for a breakout of the descending broadening wedge pattern to validate the bullish bias. The MACD starts crossing upward above the zero area, it signify a probability of potential breakout in the near future.
The roadmap will be invalid after exceeding the support/target area.
DISCLAIMER:
This is only an outlook, not a recommedation to buy or sell the cryptocurrency.
DOWN JONES DOLLAR INDEX: COULD WE SEE THE MARKET DIP?As we explained we can see a clea channel and the Dollar touched the trend resistance. Could we see the USDOLLAR lose value? What could back this up?
A delay in the economic tapering which was supposed to be released earlier but will now be pushed further as the FED has to work on fixing the risen inflation. Up 6 percent which is the highest ever. Let's see how this plays out. Like share and interact with me
Dollar to release soonDollar is on the verge on releasing from the contracting volatility funnel.
It reacted at the previous point of release to the pip.
I suspect price to release to the upside, as uptrend is still in place (no lower low) and as you see dollar corrects itself in those contracting funnels.
If price releases to the downside (what is possible) there will be a massive gap slip. For that price needs to start trading the yellow box, below the previous low.
TIP: USDOLLAR Index is generally more accurate than DXY
For educational purposes
Fail To Win- Successful Bullish Trade DXYHere we have a successful victory on DXY. Im going for a positional trader so you see multiple colored key areas on the chart. Price was bearish coming to my broken monthly level. I wanted to see a bullish reversal once price touches it and it did. A morning star reversal pattern formed and broke above my weekly dashed line trendline. Additionally, I wanted to see price reject the broken trendline in order to prove to that it continued direction is up! Price also caught some demand from my hourly demand level. Yay, and it did. Price reversed shortly from my hourly supply level to pick up some more bullish pressure from the broken demand level. This trade went for a 1:45RR. I was amazed and so excited to see my analysis play out this way!! Perseverance and patience are vital for failures to become winners in the long run. I wish to continue the marathon which is forex.
Long term view on US Dollar indexPrice broke the buy structure on the monthly and went to take the buy-stop liquidity sitting at the resistance.
We are going to see price go to mitigate the OB or the Breaker then take the move down either buy just shooting straight for the Launchpad or by rejecting from this present weekly lower high OB and then rejecting to its lows before heading for the Launchpad
Potential Signals From The Equal Weighted DXYIn this update we review price patterns in the equal weighted DXY and the potential implications for EUR,GBP,USD & JPY
USDOLLAR x DXY - Reversal? ⚡️USDOLLAR and DXY are used to forecast USD strenth/weakness, which can be used to trade USD pairs.
In our last few analysis for USDOLLAR and DXY, we managed to forecast correctly and took advantage of it by trading USD pairs such as GBPUSD.
We are now approaching an area of interest for both USDOLLAR and DXY.
USDOLLAR:
- Approaching weekly structure
- approaching channel resistance
DXY:
- Approaching -0.27 target fibonacci
- Approaching ascending wedge resistance
Both indicating that we may see weakness from USD very soon = USDXXX short and XXXUSD long.
See below for possible USD trades.
EURUSD
GBPUSD
AUDUSD
USDJPY
If you enjoyed this, do leave a comment and like the idea for more analysis!
