USDX trade ideas
Short the dollar at with 1:10 risk to reward at these levels. This is a advanced price action based short idea. The pink line is the cmp with the red being SL and green line being target area. Infact im very bearish on the dollar from here and below.
[IDEA] Short USDINR + DXYLeveraging a decently positive correlation between USDINR & DXY.
Working on the trading strat.
DXY is ridingDollar Index will be moving forward to the levels of 99. One need to be aware. Before making any shorting in major pairs.
With an SL for 97.54 and the target of 98.70++
DXY Technical analysisThe NFP data has come up with flying colors.
Technically, the counter has broken its resistive trendline which can be construed as an inverse head and shoulder pattern.
Hence, we expect the index to move all guns blazing to the resistance 98.30 and there is a good chance for a new high to be unravelled for the week.
Gartley On DXYjust after completing a "M" pattern dollar moves like a jet plane towards channel top. beware when it reaches 61% fib..max tp should be channel top.
DXY on a Roller Coaster RideDollar Index has build a strong support base and started breaking major resistance. It is now moving ahead towards the target of
1-- 97.48
2 -- 98
3 -- 99.21
And 4 -- 102 (Major Resistance).
With the support of 1. -- 97.14(Closing basis)
2. -- 96.50
3. --- 95.70
Be cautious with the trade in major pairs. Lots of factor might impact the DXY so don't let it to DITCH you..
DXY Technical analysisThe Index has broken the trendline which paved the bull rally for the past 10 days.
It is consolidating below the trendline and there is a slight chance for a pull back rally to test the broken trendline.
However, the break could trigger a profit booking rally and the index is set for a bearish move for now.
USD Bullish soon!What i see, DXY it retracing for the next BIg move.
So i feel best time to enter SELL on XAUUSD at 1224-1226
USDCAD BUY
AUDUSD SELL
NZDUSD SELL
EURUSD SELL
GBPUSD SELL
USINDEX - Test 61.8 of B - Go to 38.2-88.6 of C - US StrongUSINDEX
- Test 61.8 of B
- Go to 38.2-88.6 of C
- US Strong
DXY weekly clean and simpleDXY exhausted right now, after pullback expecting a sharp rally toward the 100 mark
DXY1) Dollar index looks strong, got pull back from support
2) Increasing oil and gas export and china CAD shall increase dollar strength
3) Interest rate hike in dec shall also increase dollar impacting emerging market currency
US Dollar INDEX studyUS Dollar INDEX study - This is in addition to the weekly chart study I published on July 30 (Link given below)
DXY Technical analysisThe 30 minute chart of dollar index has formed a bullish bat pattern.
So, It is expected to be bullish for short term.
