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USDOLLAR trade ideas

USD INDEXthe line maybe is important line zone for buy or sell. note : my analysis and trading style is base on supply and demand , support and resistance . market structure, and price action. before entry I will wait and see how price approach and react to the zone. must waiting / look how price action (reaction) and market pattern when price come to the line zone before decide to entry at the line zone. if didn't have any good price action and market pattern. I will ignore the zone. "trade what u see on the chart and think (by logic) , do not trade with what u want or what u asked or what u hope (by emotional)" happy trading all
FX:USDOLLAR
by One_Im-JacK
USDOLLAR: Stronger Dollar Ahead As the Fed Remains Hawkish?Hello Fellow Global Forex Trader, Here's a Technical outlook for USDOLLAR! Price Action Analysis USDOLLAR is moving in the bullish continuation trend. Furthermore, a breakout of the descending broadening wedge pattern signals a potential bullish scenario. The MACD Indicator made a golden cross, signifying possible upside movement to the target area. Fundamental Drives - The Fed Officials Keep Up Hawkish Calls - Rising U.S Treasury Yields All other explanations are presented on the chart. The roadmap will be invalid after reaching the target/support area. Support the channel by smashing the rocket button and sharing your opinions in the comment below! "Disclaimer: The outlook is only for educational purposes, not a recommendation to put a long or short position on the USDOLLAR"
FX:USDOLLARLong
by financialfreedomgoals101
2
Dollar great breakout of falling wedge The dollar breaks out hard from a falling wedge which is very bullish. Target just for the falling wedge is around BigRed where will dollar meet with a big resistance level. Chances to go there or even higher are great, especially after such strong Nonfarm payrolls and unemployment which indicate FED will have to continue with interest rate. With dollar 1, 2, and 10 Years yield also moving up strongly indicating they support the dollar. RSI moved out from bullish divergences and now is in a neutral area. MACD similar to RSI, after activation of bullish divergences now is neutral. Overall: it was obvious as we wrote in the last analysis (morning daily report) dollar will move up strong as the falling wedge is one of the strongest bullish patterns. Now the first initial target is BigRed where the price will find some resistance, cool down and likely continue to move up. For bulls, the best option would be retesting BigRed, getting rejected, consolidating on the level below BigRed, and then during the march FED meeting breaking out hard. Otherwise, this will only be a bear pullback with a price further drop.
FX:USDOLLARLong
by Consistent_Trades
3
Dollar in troubleThe USD Dollar index monthly continues to drop while the market is surging higher. After an extreme rise in the last two years, Dollar corrects from highs. January did drop below the trend line which is bearish. At the moment it is on several levels of support which will be hard to break on the first try, therefore, it didn't get a sell signal. There is support from April 2022 highs, close to 0.5Fib retracement from low to high, and here is 20 month MA which will very likely act as support. RSI did cool down and now is neutral. MACD histogram is close to ticking red while the MACD line is falling below the signal line which is bearish for Dollar. It is likely dollar will bounce from this level but it is a big question will it only be bounced or a new rise? It is a big question of what the FED what to see, a weak or strong dollar as a weak dollar has big inflationary pressure.
FX:USDOLLAR
by Consistent_Trades
DOW - NFP + Monthly low = ? FX:USDOLLAR Totally uneducated assumption but with the pandemic and recession I'd assume NFP will come back negative but who knows maybe that would encourage/force people to work to pay for increased living expenses due to inflation and rate hikes. Also the fact that people working multiple jobs for sperate companies count as a point for each job they work. 10x people working 3x jobs count for 30x people in the workforce. So not really much of an indicator of productivity but you never know... Either way, DOW (USD) is at a monthly low (support) and has bottomed out indicating new support. Price has broken the first resistance level and retested a support on Zone #1 (red) If NFP is positive, it should break the current resistance Zone #2 (yellow) and run up to Zone #3 (orange) + Possibly even higher, could be big volume due to the significance of this zone on the weekly. If it's negative i'd say we'll be retesting that weekly low again (Zone #0 Green) (*NOTE: This move will also indicate/influence the direction of the EUR/USD pair, as it is at a historical low)
FX:USDOLLARLong
by Quantified