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USDOLLAR trade ideas

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.
FX:USDOLLARShort
by Khiwe
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
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.
FX:USDOLLARLong
by financialfreedomgoals101
2
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
FX:USDOLLARShort
by TheFxChartist_
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!
FX:USDOLLAR
by PercentageOverPips
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.
FX:USDOLLARLong
by financialfreedomgoals101
2
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.
FX:USDOLLARLong
by financialfreedomgoals101
4
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
FX:USDOLLARLong
by ICFX
1
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.
FX:USDOLLARLong
by Mars-A-Million2021
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!
FX:USDOLLAR
by WicktatorFX
17