with DXY-USDX hitting 91.318 we will see bullsokay so now DXY-USDX hit 91.318 we will see that its bulls and gold are bears DXY-USDX willl go to 91.511 and 91.611 for support.
Usdx
DXY-USDX looking for support around 90.889 DXY-USDX is trying to push down day time frame, looking for support around 90.889 with DXY-USDX forming a new support level on the 4 hour we will most likely see it rise. gold will most likely wait for DXY-USDX to form bulls.
USD = downGreen = gained / failed to lose
Red = lost /failed to gain
Yellow = testing
The close under 91.1 was incredibly bearish, now it's down-town.
Dollar index stalls at the 92.2 levelNo directional bias at this point, but how it plays around this level may hint at momentum plays on the major pairs for the weak ahead.
Note that ideas published represent my viewpoints on structural directional movements. I do not post explicit trade parameters (i.e. entry, take profit, stop loss, etc.) as these are set to in reference with my expectancy. Since my win rate and R-multiple targets are different, ideas published are simply a resource to provide guidance. You are expected to manage your own trading decisions.
DXY - Important Key Level and Fib Retracement ( Bullish )Welcome!
What's up traders! Thanks for Jumping back on my Analysis, 👨💻 Trader champ is here behind the charts, Hit the thumbs up 👍 and support the work
Follow the trade plans and notes. Sketch up your own trade setup and make sure you meet with the required confirmations first, before you make your move!
________________________________________________
Traders Disclaimer: Non of our analysis or trade setups which is shared here on trading view is a trading advice. As we keep on weekly updates with our predictions and expectations. We may take them as a trades only if trade setups meets the required criteria ( Confirmations ). We will never make a move or look back if trade setup invalidates with price action or future economical movements. Understanding the markets is the key behind all success stories. So never miscalculate under estimate anything which is out of your bounds. Take them at your own risk as trading is highly risky and you may loss your investments.
W/C 02.11.2020 - DXYElections on the way in the USA this coming Tuesday. Its going to be crazy. Lots of volatility expected and possibly black swan events. Markets could be gapping hundreds of pips... I have marked levels here on weekly I am watching. 2 areas of importance here, plus the FVG above market above 98 - If we gap into that and reject it will be a wild ride across the markets. Best to stay out of this this chaos. But cant wait to monitor what happens
XAUUSD Short idea Major market structure break Plus US election makes the dollar unpredictable and dollar gold being the safe haven gain value
What to anticipate ahead of the US elections Volatility 2020📌 US Elections have been and are always expected to be an extremely volatile event worldwide. Elections, similar to other political or banking sector events, are notably treated by market participants with anticipation and speculation.
📍 Hence as the US election looms, today's Chart is not in regards to the outcome but in regards to current markets positioning just a week prior to the election as well as their future response to each possible outcome.
📍 While we have been facing an overall weak Dollar in the second half of the year, the proclivity for capital being safe harboured in US Treasuries means this is hinged on the global growth outlook establishing a sustainable improving trend, and that in turn may hinge on the world getting through the Covid crisis. However, the upcoming US election presents risks too, particularly given the perceived chance of the election being contested.
📍 Markets are anticipating another US fiscal package, although the timing remains uncertain, and the size and scope of it will be dependent on the election result. Wall Street narratives suggest that US stock markets are pricing in a blue wave on November 3, with Democrats sweeping the House, Senate and Presidency, which would result in many trillions of Dollars in fiscal support.
📍 So far in October Biden's lead in the polls has deducted the risk of a contested outcome and hence supported the US Equity market to recover since September (after the 1st debate), but also drove the risk sensitive Yen. This comes in contrast with the historical reaction of Stock markets in prior elections.
📍 Historically, the stock market slows down and shows a weaker performance in the period leading up to an election, according to a study from US Bank. On average, the equity market showed a less than 6% gain during election years compared with an 8.5% gain in any other given year.
DXY Meltdown, Keep an Eye on this Level! Welcome!
What's up traders! Thanks for Jumping back on my Analysis, 👨💻 Trader champ is here behind the charts, Hit the thumbs up 👍 and support the work
Follow the trade plans and notes. Sketch up your own trade setup and make sure you meet with the required confirmations first, before you make your move!
________________________________________________
Traders Disclaimer: Non of our analysis or trade setups which is shared here on trading view is a trading advice. As we keep on weekly updates with our predictions and expectations. We may take them as a trades only if trade setups meets the required criteria ( Confirmations ). We will never make a move or look back if trade setup invalidates with price action or future economical movements. Understanding the markets is the key behind all success stories. So never miscalculate under estimate anything which is out of your bounds. Take them at your own risk as trading is highly risky and you may loss your investments.
DXY is Slowly Growing in a Elliot Wave ( Phase 4 Completed )
Welcome!
What's up traders! Thanks for Jumping back on my Analysis, 👨💻 Trader champ is here behind the charts, Hit the thumbs up 👍 and support the work
Follow the trade plans and notes. Sketch up your own trade setup and make sure you meet with the required confirmations first, before you make your move!
________________________________________________
Traders Disclaimer: Non of our analysis or trade setups which is shared here on trading view is a trading advice. As we keep on weekly updates with our predictions and expectations. We may take them as a trades only if trade setups meets the required criteria ( Confirmations ). We will never make a move or look back if trade setup invalidates with price action or future economical movements. Understanding the markets is the key behind all success stories. So never miscalculate under estimate anything which is out of your bounds. Take them at your own risk as trading is highly risky and you may loss your investments.
DXY Quarterly levels to watch20/09/2020 - Dollar is indicating signs it wants to bounce here to the upside in LTF in a short term basis or until we at least hit 94.50s. I will be monitoring what we do at 94.50s on daily as this also provides a decent resistance level for a drop further down to run the low at 88.17. The level 84.79 should also show increase in support and I believe this will be the make or break for the dollar. If this level breaks dollar is really going to go to new lows again in the 70s
USDCAD | SWING - 27 Sep. 2020Hello my friend | Welcome Back.
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If it does not continue to rise, it may head towards the downside to retest the broken triangle and then rise again.
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Here is the full analysis for this pair, let me know in the comment section below if you have any questions, the entry will be taken only if all rules of the strategies will be satisfied. I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied.
Remember this analysis is not 100% accurate No single analysis is To make a decision follow your own thoughts.
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The information given is not a Financial Advice.
BTCUSD Apple GBPUSD EURUSD XAUUSD AUDUSD
EURGBP NZDUSD USDCHF USDJPY
USDx About to RIP. Goodbye Metals+Crypto+NasdaqThe DXY has put in a weekly TD9, and a massive divergence across daily to 5 day timeframes. Whether we dip marginally lower to 90.50 first, I don't know. But the US dollar index is about to be king again. Expect a 3+ point move within days.
DXY is about to gain more strength
Welcome!
What's up traders! Thanks for Jumping back on my Analysis, 👨💻 Trader champ is here behind the charts, Hit the thumbs up 👍 and support the work
Follow the trade plans and notes. Sketch up your own trade setup and make sure you meet with the required confirmations first, before you make your move!
________________________________________________
Traders Disclaimer: Non of our analysis or trade setups which is shared here on trading view is a trading advice. As we keep on weekly updates with our predictions and expectations. We may take them as a trades only if trade setups meets the required criteria ( Confirmations ). We will never make a move or look back if trade setup invalidates with price action or future economical movements. Understanding the markets is the key behind all success stories. So never miscalculate under estimate anything which is out of your bounds. Take them at your own risk as trading is highly risky and you may loss your investments.
DXY LONG Dxy reached a key level and its being moving in a channel.It reached a key level and rejected . we may breakout of the channel and continue bullish trend on monthly
Just siting back and enjoying the show for KAVA
I post the image twice because I'm still getting used to this interface. I digress...
Kava is getting ready to make a big move. SO LONG AS BITCOIN DOES NOT DROP , I'm expecting quite the show. $Kava to a new high of about $7.50 and here is why. It's payday around the globe. In places like Spain, India and other countries the norrm is getting paid only once a month on the first. Kava is only readily available for purchase outside of the US for reasons unbeknownst to me. Nonetheless, we see these big moves lasting about 7 days around the first of each month, as highlighted in the chart. We are just 2 days away from the 1st of September, so buckle up. Just imagine when this hits Binance.US or Coinbase or Crypto.com or any other exchange that Americans have easy access to. Plus! Congress will be back in session and with election day coming near those stimulus checks are bound to his the hands of everyday crypto enthusiast...
Yes, short term downtrend is exhausted. Kava has been moving fast, make corrections opportunities.
Depending on what bitcoin does we will be back on the path to see new ATH, making preview resistances support on the way.
Ps: Announcements coming in the end of the month.
+
ideia for swing trades opportunities on the MKRBTC/KAVABTC Ratio
Do you trade what makes sense or what makes profits?News, fundamentals, rate statement, NFP… Can we really trade consistently based on what makes sense according to the central bankers?
Thursday 27th, 2020 between 8:30am and 9:10am EST, there are multiple fundies including a Fed Chair Powell Speaks. The USDx clearly positioned to make anything they want during the announcement. Most traders are placing stop orders in both directions. This trade is called a straddle. They are thinking the price will be exploding in one direction and what they will win in one of the positions will be bigger of what they lose in the other. It sounds good in theory however that´s not how market moves during fundamental announcements. On this article, I will talk about the anatomy of a fundie.
Let me first show you a picture of the USDx before the announcement and the EURUSD which is the market we will trade.
DXY
EURUSD
Take some minutes to see each chart. Imagine you are one of those retail traders taking a straddle on the EURUSD. Where would you place the stop loss?
If you have read some trading books or watch some youtube videos, you have been told that the stop loss should be placed above the highs or below the lows.
This is how the banks are looking at the EURUSD before the announcement:
We know that during the news, price will explode. The question is where it will go? We have to remember that the fundamental announcement creates an explosion of volatility so it´s a catalyst of price movement yet it cannot help us predict where it will go. At least in the short term. However, if we see the chart like the banks are looking we have very important clues on what the price can do when the news are out.
Let´s think like the bank. They need to fill most of the liquidity during the fundie. The liquidity is exactly at the areas of the chart above. So there is basically just 2 scenarios:
1. Price will crash to fill the 2 areas of liquidity below and then the price will explode to take the areas above.
2. Price will explode to fill the 2 areas of liquidity above and then the price will crash to take stops losses below.
Of course there is a 3rd scenario: Price will do nothing and moves sideways. It´s not probable during an announcement but it´s possible.
With these 2 scenarios, what can do to capitalize the movement? Think exactly opposite like retail traders. They are placing buy and sell stops close to the price. Doing the opposite means that we are placing limit orders where they are placing the stop losses.
If scenario one happens, these are our orders:
If scenario two happens, then these are our orders:
Sometimes to understand the market, you have to literally look at the chart upside down and do exactly the opposite of what “makes sense”.
Let´s see what happens after the announcement:
As you can see scenario 2 happened and our sell limits were filled and got to the two targets. One hour later, our buy limits were filled and we are waiting for the price to go to the targets above. Don’t expect the price to go immediately up because the price has already moved and there are no more announcements.
This is the moment when you should go to the gym, do some yoga or meditate. You understand what is happening so just let the price do its thing.
17 hours later the price went to our two targets above. You bank profits in both directions just thinking opposite to what everybody is thinking and doing. Remember that just 8% is profitable in this business. You literally have to change the way you see the markets. Don’t trade what makes sense, trade what makes you profits.
At the moment, most of the stock indexes are doing all-time highs. Is this something that makes sense? Heck no! The US GDP q/q is -31.7% last reading. We have never had this number. Yet the stock market is going up. Do I try to be right and short the market because of that? No! I trade what makes me profits and sometimes that is going against the fundamentals, against what makes sense.
Next time you go to a chart, ask yourself what are the retails and the big boys thinking and how can you capitalize on that analysis. Don’t try to be right, don’t trade what makes sense, trade what makes you money.
DXY Finding Supports at 92.55
Welcome!
What's up traders! Thanks for Jumping back on my Analysis, 👨💻 Trader champ is here behind the charts, Hit the thumbs up 👍 and support the work
Follow the trade plans and notes. Sketch up your own trade setup and make sure you meet with the required confirmations first, before you make your move!
________________________________________________
Traders Disclaimer: Non of our analysis or trade setups which is shared here on trading view is a trading advice. As we keep on weekly updates with our predictions and expectations. We may take them as a trades only if trade setups meets the required criteria ( Confirmations ). We will never make a move or look back if trade setup invalidates with price action or future economical movements. Understanding the markets is the key behind all success stories. So never miscalculate under estimate anything which is out of your bounds. Take them at your own risk as trading is highly risky and you may loss your investments.
KAVA on track with weekend prediction. KAVA is keeping pace and the MA flip flop is proving to be a relevant indicator. We could see another 50% gain in price in time for the next crypto-payday promotion. It's hard to believe, heck, I barely believe it but, numbers backed by historical performance tend to come in close in the future. Icing on the cake would be a Coinbase add. May still be possible because DEX, out performed exchanges by 5x last month. So Coinbase may have to shift its business model or risk becoming irrelevant. If that or a full Binance integration announcement was to happen, we could see a $10 KAVA supported due to the higher demand for USDX loans. Amazing Tech.
USD INDEX Sell Opportunity, Next Target 89.00 USD INDEX SELL LIMIT @ 95.00
SL: 98.00
TP1: 92.50
TP2: 89.00
