Dollar
Dollar weaknessUsually a massive downward movement results in a spring like rebound but when price breaks down a key level and two massive supports i.e. the 50EMA and 200EMA, the psychology overtakes the physics. Monday would be crucial in determining the next levels. It would be the right move not to take long positions unless it moves above the 200EMA. If the rsi peeks into oversold regions, then the rebound would be very strong. But given the global cues regarding current situation of Afghanistan, rebound is likely to be gradual. Future price predictions are
Date Weekday Rate Max Min
30.08 Monday 72.81 73.90 71.72
31.08 Tuesday 72.74 73.83 71.65
01.09 Wed 72.81 73.90 71.72
02.09 Thursday 72.82 73.91 71.73
03.09 Friday 72.60 73.69 71.51
DollarThe small rising channel we see as wave z has to break down
with close below 92.870 to confirm that the dollar uptrend has ended,
then we can say that the last push higher is certainly completed,
and may be bear market in dollar has resumed.
macd in daily down tick
macd in hourly
rsi in daily is down tick
stochastic in daily negative crossover
dmi adx in converging mood
Disclaimer
I am not sebi registered analyst
My studies are for educational purpose only
Consult your financial advisor before trading or investing
Dollar Index Cast ForwardExpecting Bullish weeks and reversal after New interest rates are out:
With Dollar index moving higher, expect it to rise until the next FED meeting on 22nd September 2021. Technically, Price will look to sweep liquidity built during the past few bearish months! Remember Trends in this timeframe (monthly) last for a long time. Once the key level of 97.750 is broken, expect a bullish period for dollar.
Track interest rates: Investing . com
To watch seasonal tendency charts : equityclock . com
Note: The above is just for educational purposes. Forex market is subjective in nature. Trading is subjective to financial risks, please do your own analysis and manage your risk properly!
💡Don't miss the great buy opportunity in USDCHF
Trading suggestion:
". There is a possibility of temporary retracement to the suggested support line (0.9163).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. USDCHF is in a range bound, and the beginning of an uptrend is expected.
. The price is above the 21-Day WEMA, which acts as a dynamic support.
. The RSI is at 51.
Take Profits:
TP1= @ 0.9199
TP2= @ 0.9212
TP3= @ 0.9236
TP4= @ 0.9263
TP5= @ 0.9322
SL= Break below S2
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Weaker dollarA "long legged Doji" is a fancy name and shows indecision in the market. Since it formed after a strong bullish candle, the dollar might grow weaker against the rupee in a short term as RSI is over bought or stay range bound. This is a speculation because market may take move in any direction. Most analysts would want to watch the next few candles to check the direction of the market.
These are some of the price predictions for high and low (readers discretion advised)
21.06 Monday 75.24 73.02
22.06 Tuesday 76.15 73.89
23.06 Wedn 76.06 73.82
24.06 Thursday 76.24 73.98
25.06 Friday 76.18 73.92
USDCAD has taken reversalUSDCAD has taken a reversal from 1.20200 in the weekly time frame with two Doji candles with good confirmation but volume is not supported so we can look at the first target of it is 1.26500 which is at a 0.23% level of Fibonacci
the one fundamental thing that is help it is the rising of the US Dollar
Trade is not recommended
Comment your views
Thanks
USDINR DOW theory Weekly View from Monday 14Jun2021USDINR DOW theory Weekly View from Monday 14Jun2021
Uptrend in Daily Timeframe
USDINR has broken out of a triangle/flag pattern
Retest of the same is expected to go higher.
However, gap up possibility is also considered, if this happens we are super bullish on it if it stays above the gap for at least an hour.
Details given on the chart.
Happy Trading !!!
Sell USDJPYHello, my fellow traders hope you all are making some profits. We are here with our new analysis so that we can increase those profits for you. Let’s get into it.
As we can see, the price has hit its RESISTANCE and is falling down.
Let us know your views on this in the comment section. Thank you all.
There is good news for our followers. We will be analyzing on-demand.
So let us know which pair you want our analysis on, and we will get it for you. Do like and follow us.
USDINR DOW theory Flag BOEverything explained in chart...
Sold Put options of lower strikes and next expiry...
Disclaimer : This is a trading idea for learning. No trading call. Keep your stop losses and risks within your limits.
USDINR View USDINR broke out and retested the 72.64 level
Also, the retest is fantastic with a big rejection hammer candle (bullish sign)
Buy the Dip is the view....
Making flag n pole continuation patterns
dollar (big boss :p )Note:
1. Views are personal and for educational purposes only. Recheck and take the trade as per your RR.
2. Always remember SL is your lifeline, not the big target...
3.Follow us for more patterns and like, share so that we feel it is helpful to many and share more patterns...
3. Views given here is not a tip rather it is for educational purpose... Aftermarket opens, the condition might change so learn to handle different conditions...
4. To learn more about patterns, Psychology behind the trade, and price action trading... contact us... Thanks...
Keep an eye ladies and gentlemen. Cheers and Happy Trading