DXY- False break and strong reversal ahead?
Last week, the DXY broke below important horizontal support.
However, the next day, the index reversed its losses, followed by a bullish candle on Friday.
This created a strong reversal candle on our weekly chart, making us wonder if the initial break was false.
Now, the index is consolidating above this important horizontal support.
A break above the current lateral consolidation could lead to an upward acceleration.
Typically, after a false break, the asset moves in the opposite direction to test the next significant level.
For the DXY, this sets a target in the 1.0650 zone.
Usdindex
WEEKLY FOREX FORECAST July 15-19th: DXY OIL INDICES GOLD SILVERThis is Part 1 of the Weekly Forex Forecast JuLY 15 - 19th
In this video, we will cover:
USD Index, S&P500 NASDAQ GOLD SILVER US OIL
Enjoy!
May profits be upon you.
Leave any questions or comments in the comment section.
I appreciate any feedback from my viewers!
Like and/or subscribe if you want more accurate analysis.
Thank you so much!
Disclaimer:
I do not provide personal investment advice and I am not a qualified licensed investment advisor.
All information found here, including any ideas, opinions, views, predictions, forecasts, commentaries, suggestions, expressed or implied herein, are for informational, entertainment or educational purposes only and should not be construed as personal investment advice. While the information provided is believed to be accurate, it may include errors or inaccuracies.
I will not and cannot be held liable for any actions you take as a result of anything you read here.
Conduct your own due diligence, or consult a licensed financial advisor or broker before making any and all investment decisions. Any investments, trades, speculations, or decisions made on the basis of any information found on this channel, expressed or implied herein, are committed at your own risk, financial or otherwise.
Ready to another short position on usdindexHi there,
As you are watching we expect to support DXY price to go up and after that we will take sell position until 104 and below with triger in H1 timeframe.
So:
Sell it at105.3
TP 104.5 - 104
SL 106.1
Be careful this position has low risk but we should risk free it immediately.
Be success guys:-)
WEEKLY FOREX FORECAST Part 1: DXY, INDICES, GOLD, SILVER, US OILThis is Part 1 of the Weekly Forex Forecast.
In this video, we will cover:
USD Index, S&P500 NASDAQ DOW JONES DAX GOLD SILVER US & UK OIL
Enjoy!
May profits be upon you.
Leave any questions or comments in the comment section.
I appreciate any feedback from my viewers!
Like and/or subscribe if you want more accurate analysis.
Thank you so much!
Disclaimer:
I do not provide personal investment advice and I am not a qualified licensed investment advisor.
All information found here, including any ideas, opinions, views, predictions, forecasts, commentaries, suggestions, expressed or implied herein, are for informational, entertainment or educational purposes only and should not be construed as personal investment advice. While the information provided is believed to be accurate, it may include errors or inaccuracies.
I will not and cannot be held liable for any actions you take as a result of anything you read here.
Conduct your own due diligence, or consult a licensed financial advisor or broker before making any and all investment decisions. Any investments, trades, speculations, or decisions made on the basis of any information found on this channel, expressed or implied herein, are committed at your own risk, financial or otherwise.
Buy and Sell EURUSD this weekHi there,
In EURUSD we are in a range movement and probably the decreation movement has been finished. but we have two pending position this week:
Buy it at 1.072 level
TP 1.085
SL is lowest price of previous week
Sell it at 1.085-1.086
TP 1.072
SL 1.089
These positions are just for this week.
Follow us to get more analysis and signals.
Weekly trade planning sessionHi Traders, this is another episode of charts247 weekly trade planning session. We believe in trade planning because it helps us identify high-probability forex pairs that we should trade during the week.
Below are the indexes based on the 4HR wave structure.
DXY: Bullish Reversal (+ve)
EXY: Bearish Continuation (-ve)
AXY: Reversal (-ve)
SXY: Bullish Pullback (+ve)
JXY: Bullish Pullback (+ve)
BXY: Bullish Pullback (+ve)
CXY: Bearish Continuation (-ve)
ZXY: Reversal (-ve)
-------------------------
BUY PAIRS: USDCAD, AUDCAD, GBPCAD,
SELL PAIRS: EURUSD, CADJPY, EURGBP, EURAUD
USD/CHF to lead DXY higher, AUD/USD, EUR/USD lower?Our bias is for the US dollar index to rise to 105 over the near-term. The daily chart respected trend support from the December low, and the 4-hour chart shows a small ascending triangle which implies a break above resistance.
Out of the FX majors, USD/CHF looks ready to break above resistance and lead the dollar broadly higher. Bears could also consider a short on AUD/USD on the assumption the high of RS (right shoulder) has been established, and seek a move down towards the neckline at a minimum. A break of which could see it head for the projected H&S target around 0.6580.
If the US dollar index goes higher, surely EUR/USD should move lower. Bears could enter short with a view to target the swing low around 1.0835 or the bullish trendline.
Usd potentially looking to head lowerHello fellow traders , my regular and new friends!
Welcome and thanks for dropping by my post.
USD could be heading for resumption of its down side?
A relatively light week again. Let's see.
On the flip side, Gbpusd Eurusd should be on my list to go on long
Do check out my recorded video (in trading ideas) for the week to have more explanation in place.
Do Like and Boost if you have learnt something and enjoyed the content, thank you!
-- Get the right tools and an experienced Guide, you WILL navigate your way out of this "Dangerous Jungle"! --
*********************************************************************
Disclaimers:
The analysis shared through this channel are purely for educational and entertainment purposes only. They are by no means professional advice for individual/s to enter trades for investment or trading purposes.
*********************************************************************
USD INDEX (DXY)... Bias is BEARISH!Bias is Bearish.
Price is still in a -FVG, though
it has almost filled it. But
until there is a candle close
on a daily basis, my bias will
remain bearish.
My view is the 5 days of
bullish PA is simply just
a retracement... an internal
move after a BOS.
The low resistance liquidity
run below the previous lows
can potentially draw price
lower.
There is a fair chance that
today's high will be swept
before it turns around.
Weekly Trade Planning SessionThis week's analysis from the daily indexes :
DXY: +VE
EXY: -VE
AXY: -VE
SXY: +VE
JXY: -VE
BXY: -VE
CXY: -VE
ZXY: -VE
The last week's portfolio selection remains unchanged and we maintain the same outlook regarding the indexes.
The pairs going through their correction phase are coming to the end of that phase, and we should expect a trend continuation in those pairs very soon.
GBPUSD:
The downtrend has resumed below 1.2466 in the cable, but you must wait before you sell the GBP/USD. We want to sell the above 1.2564.
EURUSD:
The USD is the driver of the major pairs and the Euro is not excluded. The Daily Chart is a downtrend, using the 4-bar rule, Buy Point: 1.0847 Sell Point: 1.07604
USD INDEX (DXY) ... The BULLISH Bias Is Playing OutNotes are in the screenshot.
Please refer to the link for the Sunday Weekly Forecast.
FOMC tomorrow. Price could become very volatile and unpredictable. I do not recommend holding or entering trades before the news.
We'll see how it goes tomorrow. I would like to see that old high swept between tomorrow and Friday.
This would mean the bears would be all over the indices.
Trade safely.
US DOLLAR INDEX (DXY) Expecting a BULLISH Move This WeekLooking for an Internal to External move this week.
Price is currently in a a +FVG, showing respect, and Friday's candle shows momentum towards the high of the previous week, which is the draw on liquidity.
Watch for the short term down move before the move up. Wed's opposing candle should act as support, and send price the other way.
LIKE, COMMENT or SUBSCRIBE if you like and want to see more analysis.
Thank you for viewing!
Forex Weekly Planning Session 28 Apr, 2024Plan your trades and trade your plan. The weekly planning session is one of the most important things you can do as a trader.
In this session, I analysed the Currency Index basket of the USD, EUR, GBP, CAD, CHF, AUD, NZD, and JPY.
The strength lies with the USD, the rest are still in a confirmed downtrend.
DXY start to a small descending correctionHi guys,
DXY braked out the ascending channel on 4H time frame and start to a correction. We want to buy it on 103.2-103.5 level to a bigger increasing movement than previous until 107-108.
So be hold to reach position point.
It moves in a big channel on weekly timeframe.
We show you Entry point, TP & SL on chart.
We glad to see your comment below.
Be successes
Expect to a powerful bullish trend on USD index Hi traders,
We are watching a powerful ascending correction on usd-index or Dxy. So we will careful about CPI news this week and we could buy USD on 100.5-100 with the SL below the lowest price pf this week (2nd week of Jan2024) and our first target is 103-104. but main target is 108-109.
We glad to see your opinion below this analysis.
Be success.