Dollar potential entries. ExplainedWe discussed bullish fundamental setup, but still no entry. There is a clear trendline on a daily chart. Breaking above is an entry. The most conservative traders can wait till DXY breaks and hold above 7 days high. It has been a long time since the dollar did that. So, breaking and holding above is sign bulls have got the strength to reverse a trend. The most aggressive traders can enter once and if higher low will be formed before breaking the trendline. But this trade is too risky for me. This market has a good fundamental setup and you can use any entry technique to pick up a trade.
SDX1! trade ideas
Dollar index - double top patternLooking at the long-term chart of the USD index futures contracts we may spot a potential double top pattern. The first top was created in 2017 and the second in 2020. The key resistance seems to be placed at 103,68.
The key level for a mentioned potential pattern is located at 88,17. This may be the first potential target for the dollar bears. However, if it is broken we may expect another decline even to the levels from 2014 at 80.00.
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Daniel Kostecki, Chief Analyst Conotoxia Ltd.
Materials, analysis and opinions contained, referenced or provided herein are intended solely for informational and educational purposes. Personal opinion of the author does not represent and should not be constructed as a statement or an investment advice made by Conotoxia Ltd. All indiscriminate reliance on illustrative or informational materials may lead to losses. Past performance is not a reliable indicator of future results.
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Visualizing inflation of the US DollarStock market up... Crypto up... Precious Metals up... what is going down? Your buying power... if you hold CASH! Not many are really noticing that with historically (even lower) low interest rates and helicopter money being written in checks to everyone that we may now be visually seeing the inflation of the USD.
I am speculating a -6% drop in the US Dollar Index over the next 1-2 years. This is not apples to apples for the buying power as it is just relative to other countries' currencies but it is a good measure. If your assets are not returning greater than 7% or you are not locking in credit at a fixed rate of 5% or less then you are essentially losing by sitting in cash.
DollarHello traders, here is the analysis from our team :
We feel; These area's. Will give best results for scalp buys, Or Sells.
#1 Buy@ 93.365
* Futures sometimes run in one direction during Day. *
So. If no Momentum, Or pullback in these area's for 7/27/2020.
Void trade. We like 130 pip Sl/Target. Take profit 5 to 130 pips, Move
STOP LOSS UP WHEN YOU CAN.
Let us know in the comment section below if you have any questions.😉
Let us know in the comment section below if you have any questions.😉
Dollar analysisLast week I got a lot of emails regarding buying Dollar. Guys, it is not time yet. We have a good setup in this market – commercials are long, the evaluation index shows the dollar is undervalued, but time matters a lot in this business. We have to get price action confirmation. I would like to see ‘wash-out low’ before a rally starts. Besides, we have a clear trendline on the daily chart, and breaking above it is what we are waiting for. The most conservative traders can look for breakout and successful trendline retest before taking a trade. We have a good setup for a potential big rally, but patience is a must.
Dollar index rises from daily chart supportThe complex dollar index has recently risen from the daily chart support level. Not only that, in 1H, the US dollar index completed the bottom of the W pattern and broke upwards to the horizontal resistance level of 99.60. It is expected to move towards 100.30 first.