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Usdollarlong

DXY (US-DOLLAR) testing a potential reversal-zoneHey tradomaniacs, What a wild ride today in the market.. I can just shake my head as we`ve seen a complete whipsaw with the US-Session.🙈 Yep.. its monday and the last day of the month which is often shaky, especially now ahead all these events. Looking at DXY (US-DOLLAR-INDEX) we can clearly see a re-test of a strong support-zone which is getting tested right now. The S/H/S-Breakout got faked during the london-session, which was for me a great evidence for a long. After that we`ve seen a fakeout above the secondary trendline of the head and second shoulder and so a break down with risk-on in equities.
CAPITALCOM:DXYLong
by Trading2ez
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.
FX:USDOLLARLong
by SmoothJB
US-DOLLAR really falling after NFPs? I doubt it.Hey tradomaniacs, chaotic market huh? To be honest... I think the current move of US-DOLLAR doesn`t make any sense. I keep it simple and short, otherwise I`d have to break the mold. The data are mixed but do overall show a slowdown in the economy but at the same time rising inflation. Non-Farm-Payrolls: 199.000 less jobs than expected and the worst result since december 2020. This clearly shows a cool down in the NFP-Sector and is overall bearish for the US-Dollar. Unemployment Rate: 3,9% and a positive development considering that previous rate has been at 4,2%. Overall bullish fort he US-Dollar. Average hourly earnings: 0,6% and way higher compared to the previous month. This is overall bullish for the US-DOLLAR due to higher inflation. Average weekly hours: 34,7 and less than expected. The problem here in my opinion is the fact that earnings per hour soared while less jobs were created. This is a typical sign of inflation and part oft he wage-price-spiral. Considering that FED has to and will fight inflation as its priority number one after their „transitory-fail“ to gain back reputation Jerome Powell & Co could turn from best friends to fiends for the stockmarket as financial injections probably won`t be an option anymore, whether the economy cools down or not. This is clearly negative for the overvalued equity-market but not by all means for the US-Dollar. Simply put: The FEDs in a quandra. Can`t provide more liquidity due to high inflation to push growth and employment and has to hope everything is going to be fine. Rising yields do indicate expectations for higher inflation in the market and would offer an alterantive to stocks in the near future (Bonds). They are also generally good for the bank-sector and obviously not good for tecs due to high costs which are not as easier to finance with higher interest-rates. But here is a catch.. we know how irrational but faithful the market is... if it turns out the market hopes the FED to ignore their plans and "slow it down" in order to boost the economy again if future results are not as good as expected we might see another rally in stocks and so a falling US-Dollar. This would be more like the less likely scenario in my opinion...I mean Bidens is on Powells tail. Risk-Off is generally good for the US-DOLLAR as a safe haven. If FED continues as announced and planned the US-Dollar is likely to move up while this move turns out to be a fake. One of these charts is lying, but I see a higher probabillity of a rising US-Dollar under these circumstances. LEAVE A LIKE AND A COMMENT - I appreciate every support! =) Peace and good trades Irasor Wanna see more? Don`t forget to follow me
TVC:US10YLong
by Trading2ez
3
bias on long but chart tells no1H, 2H, RSI approaching to over bought, 4H approaching to over bought also on a potential rising wedge. my trade setups are based on fundamental figure to be released: expecting a stronger USD, therefore it's against what I draw on my chart. (My chart indicates that once DXY reaches 94.60 - 94.63 area, it will drop) so currently if my chart is right, there'll be a fight against fundamental data if US data to be positive; however if US data is negative, it will be a catalyst to drag the DXY down very aggressively (possible back to 93.4-93.5 area).
TVC:DXYLong
by mleader1
move up from here, or otherwise go back further downDXY has been struggling in the past few days, it has not managed to push higher nor has it managed to go down below 93.496. It formed a double bottom (19th low and 21st low) but didn't enjoy a smoothly upward journey, instead it jumped and immediately got crippled multiple times. It had a brief green moment on Friday after Powell's speech but got dragged back down in no time. My thoughts on DXY is that if the broadening wedge on daily is respected, then the price should go above 93.727 and maintain always above (which it failed a few times last weak). I'm still bias to DXY bullish because it hasn't fallen below 93.360 which it invalidates my bullish idea; but neither has it reached above 93.727 which is a confirmation of further upward move. NOTE: if it goes up with a confirmation (above 93.727) I'd expect it to go higher reaching even higher than 95 so that'll be record breaking move in the coming weeks (or otherwise, going downhill miserably). Let's keep an eye on this. Since Powell has made it official on both inflation concern and tapering, let's wait for a few more days and see how market reacts. GL!
TVC:DXYLong
by mleader1
US Dollar Index - BullishOn the monthly timeframe, the Dollar index completed its fourth correction in the previous quarter with a clear flat ABC correction at 50% of wave (iii) and price made a perfect rebound from the ascending support. We could potentially expect a further upside to 2.618 ($120.394.) of the Fib retracement or around 2.0 ($108.684), the area where the ascending resistance lies. Invalidation for this bullish scenario is at the end of the fourth wave terminus ($88.3).
TVC:DXYLong
by Timgucci
2
DXY fully powered upDXY blasted its further breath in the last few hours and managed to break the 93.18 level which was deemed to be a level that many considers a reversal/head & shoulders/correction were needed. The end of the US session left DXY with nearly no wick on the highs of literally on most time frames last candle - telling all US pairs that "I'm not done yet".... Looking into the RSI, it's close but not yet reaching to over bought level. Given the fact it's successfully broken through the historical key resistance level around 93.180, I expect a quick retest (because current price is not far away), and then decide which direction to move on. For the moment, I am surely bias it will continue going further up. 93.430 is another immediate level of resistance, if it breaks, undoubtedly it will revisit 93.726 and this time if it does revisit, I expect it to break it too and move up above the mini uptrend channel (within the weekly uptrend channel) Another reversal scenario : considering the rising wedge (to be confirmed in the next moves), it may possibly change the tone and go downward, I'm bias on bullish dollar, just be aware of its possibility. Next week may as well just be consolidation week, you never know. Note: I do not trade DXY but use it heavily for analysis of other pairs.
TVC:DXYLong
by mleader1
Possible to continue going up this weekJourney to the upside resumes. On monthly chart it's huge June engulfing green candle is showing it's power of support to the upside. On weekly, it continued to create higher lows despite of past 2 week's of downtrend movement. On daily, it was near the edge of breaking out from newly formed uptrend channel, but managed to bounce back up in the past few days. The September bounce reversal point was roughly at 0.382 fib retracement of this year's gain (low Jan to high August), so if DXY can maintain it's position, break through 92.655 and stay above, I believe we'll see a green week and potentially more. Entry: 92.520 or 92.685 SL: 92.291 TP :ultimate at 93.723; reasonable at 93.173 however 92.865 is an immediate resistance, with next at 93.173 and ultimately at 93.723 - If it does reach 93.723 which is very challenging, a deep retracement should happen immediately after breaking it. Expected: 1 week
TVC:DXYLong
by mleader1
DXY create bearish butterfly pattern. So, BUY NOW.... DXY chart Hopefully create bearish butterfly pattern. So market goes to 92.800 and 92.850 Neckline zone. If break out 92.900 resistance zone then market huge buy to 93.000 & 93.270 zone. If the market break out 92.350 support level then then market goes down to 92.000 support zone. AronnoFX will not accept any liability for loss or damage as a result of reliance on the information contained within this channel including data, quotes, charts and buy/sell signals If you like this idea, do not forget to support with a like and follow. Traders, if you like this idea or have your own opinion about it, write in the comments. I will be glad.
TVC:DXYLong
by AronnoFx
USDOLLAR:NEW BULLISH IMPUSE COMING ? LONG VIEW + TARGETS 🔔The Dollar, finally after the release of the NPF last Friday seems to be starting to breathe today after the last sessions in which the price has fallen inexorably. We can also see that EUR/USD today started the session with the USD in recovery, link in the description. As for this chart, we can technically analyze that the price has been in a rising trend for some time, just look at the rising lows and highs that appears today a rebound on a dynamic support / trendline, the price that has moved above the 200 average and that the stocastic seems to come out of the oversold zone with divergence. Bearish volumes seem to be decreasing. We await a new bullish impulse.
FX:USDOLLARLong
by FOREXN1
9
Simple technical bounce neededDXY has suffered from continuous loss in the past few days and broken previous up trend channel which was formed not long ago and seems to heading back down again. Currently it is on a level that's previously proven to be so so strong as support, including the sudden drop happened on 13th, Aug which got supported back up from current position, will history happen again? I believe so, and if it happens, it can be considered as double bottom as shown in the chart. It is also supported by a mini falling wedge formed since last Friday's drop. NOTE: I do not trade DXY but use it for other pairs. the trade panel is for demonstration only - although it may work. :) RISK: If it breaks, there's a sink hole to be seen. weekly analysis can be found below. The chart above is only for today analysis. Cheers GL
TVC:DXYLong
by mleader1
US-DOLLAR possible RALLY!Hey tradomaniacs, So... the market was waiting for Powell and got the so called "Nothing Burger". Powells Key-Notes: 1️⃣ Clear progress towards foll employment. 2️⃣ Could be appropriate to begin with tapering this year. „My view is that the „substantial further progress“ test has been met for inflation. There has also been clear progress toward maximum employment. At the FOMC’s recent July meeting, I was of the view, as were most participants, that if the economy evolved broadly as anticipated, it could be appropriate to start reducing the pace of asset purchases this year.“ 3️⃣ Dovish: The timing and pace of the coming reduction in asset purchases will not be intended to carry a direct signal regarding the timing of interest rate liftoff. 4️⃣ Inflation has reached 2 percent and is on track to moderately exceed 2 percent for some time. So what did we get here? Well the market with a drastic sell-off of the US-Dollar and indicies rallied due to the hope that liquidity will still be provided, probably because the market has expected to see tapering until Q1 of 2022 and has priced that in. However, for me personally all this is not really a dovish, more like a mixed statement that has dissapointed US-Bulls as things are not progressing as fast as expected. If data from the U.S. are good this week we could see more US-DOLLAR bulls taking action to push price up. I will keep it slow this today as we get to see the Non-Farm-Payrolls, which will probably have a very strong impact in the market as market-players will evaluate the probabillity of more hawkish statements in the future. We have often see strong moves after these vacuous statements which then got reversed quickly within a few days, which is why I want to observe price-action first also because the dovish news have pushed many pairs into resistance-zones and so good spots to follow the current trends. Example: AUD/USD 👉https://www.tradingview.website/x/FqcCdCbO/ LEAVE A LIKE AND A COMMENT - I appreciate every support! =) Peace and good trades Irasor Wanna see more? Don`t forget to follow me
TVC:DXY
by Trading2ez
2
potential DXY movementsI made some significant loss this week so I decided to check my DXY analysis seriously before the big US events... In general, if the market moves healthily, it should really move towards what I initially thought - maybe I was just waiting too impatiently this week! On weekly chart like previously spotted, the beautifully formed W chart on the weekly should sustain some stable uptrend movement for the DXY overall in the coming weeks (since mid June), and currently it simply is at the point where it hit the previous high and made a higher high (93.724) , so facing the resistance it decided to have a correction moment. On daily it dropped sharply this week and broke previous key level on my chart 92.92 - and then started dancing around this figure and has not yet managed to float above 93 again. Downward movement - there's a mini rising wedge alike formation and the current price is close to the lower edge, with a bit more room to move down further around 92.7 which around another previous support zone as well as 20MA daily. So this area should provide some nice spring affect letting DXY to move upward agressively - providing tomorrow/Friday's news are positive to the dollar. Further downside could also be a potential if DXY is getting really seriously bearish, that is to the point of 92.177 which I don't think it will happen. I do however believe that once it reaches to the higher high again, it will make another high around 93.866 (and higher) then drop for another fall, and that fall could be significant one. (therefore finger cross NOT to happen right now this week!!) My current other pairs analysises are based on the possibility that DXY will start bouncing back up from today regardless of the news impact as in many cases people react int the market using news events simply as catalyst. NOTE: I do not trade DXY. Haven't close any of losing trades yet (except those being stopped out...)
TVC:DXYLong
by mleader1