• Triangle pattern explained + measurement method • On the weekly chart, while ago, a triangle formation can be seen • Breakout can be either way • In the above case, the breakout was to the upside, supported by strong fundamentals in favor of the dollar • Traders should wait for a successful breakout before placing any trade • Breakout was confirmed by several...
Today, I am going to explain the concept of trend lines, support and resistance. Above is the weekly chart of the EUR/USD, period between 2017 and 2022. The resistance or support level is where the price gets rejected at least twice. After that, traders can draw a line connecting those swing highs/lows, which later turn to be the resistance or support. This line...
#Candlestick #CandlePattern #Tocademy #Tutorial Hello traders from all over the world, this is HAMZA_ZDH=) I was unexpectedly surprised by many of you who liked and supported my last post about the basic concept of TA( Technical Analysis ). Today I prepared a brief lecture about the Candlestick Pattern, one of the most fundamental phenomenon and behaviors that...
The trend is always our best friend in markets across all asset classes. While many investors and traders waste their time interpreting the new cycle and other factors, the path of least resistance of market prices is a real-time indicator of the current sentiment. Stocks and bonds fall in Q2 Four of six commodity sectors post losses Rising interest rates...
Introduction The U.S. Dollar Smile Theory is a popular notion that illustrates that the U.S. Dollar stays positive in good as well as bad market conditions. This theory was created by a former economist and strategist Morgan Stanley, and it became popular in 2007. This was the time when the U.S. dollar witnessed a significant boost amidst the global...
Hey traders, I share my analysis, signals and forecasts on Dollar Index occasionally. Quite often I receive questions from you asking me to explain what exactly that index means and why it is so important. Dollar Index (DXY) is a measure of the value of the United States Dollar against a weighted basket of major currencies. This basket consists of 6 following...
1) Entry @ double bottom. 2) 2nd entry on break-out. 3) 3rd entry @ break & retest of flag pattern. 4) Sell after a break of rising wedge. 5) 2nd Sell entry @ break of flag pattern. 6) Entry @ break of inverted head & shoulder pattern. 7) 2nd entry @ break of symmetrical flag pattern. 8) 3rd entry @ break & retest of structure zone.
Hello everyone! There are many tools on the market to understand the general state of the economy or the company. As a rule, indexes are responsible for this. And today we will discuss the Dollar Index. A little history In 1973, the dollar Index (DXY) was invented and first introduced by JP Morgan. Level 100 is the base value of the index. If the instrument...
Green lines for entry & Red for stop loss In this example i have used patterns that may happen in a bullish trend but the same patterns inverted can be spotted in bearish trends too.
Find a momentum and draw a trendline. Spot what timeframe price has been respecting the EMA. ( I personally go for the 50 day EMA) Watch for a breakout then wait for the retest of the trendline. 1st entry @ retest of trendline. Stop loss goes above the previous high before the breakout. Please note that price will also have to be below the EMA its been...
Wait for a break below the most recent higher low . Once you get a break below, watch for a retest of that level ( may create a bear flag on the lower time frames which will allow you to draw a trendline; entries on break of trendline will be the safest).
Bull market in the Dollar stared on July 13, 2021. This clearly visible on the chart and requires very little explanation. How do we take advantage of this? Simply looking at the support-resistance lines is helpful. When the stock closes above the Blue line, we go long. In this case, dollar as popped almost 12% since the initial alert was issued. Avoid listening...
Dollar Index standard: DXY en.wikipedia.org Dollar index for emerging markets: QUANDL:FED/JRXWTFO_N_M Dollar index for advanced economies: QUANDL:FED/JRXWTFN_N_M
I recently posted a timeline of Bitcoin events as well as record several videos on the current Elliott Wave moves around Bitcoin, DXY and a few Forex pairs. Here’s a link to the Bitcoin timeline; Looking back at the last 18 months or so now, I wanted to cover some of the significant events that have taken place, which would have had some (but not as much as...
Hi every one today we wanna talk about something that Is pretty Interesting and quite awesome for Crypto Traders! so we observed the chart of DXY and BTC and from last year they've been moving in the opposite direction! pay attention to the charts! you can see that the price of BTC starting from may 11th 2020 has started a bullish rally while on DXY chart the...
Hey all, Another quick breakdown of one of our key strategies. The trade initiated from a Daily Jr. Zone stacked with a key quarterly and monthly trendline and of course a clean weekly area of demand. Beautiful price-action in my opinion at the higher-timeframes. The overall higher time-frames were perfect when the trade was executed and the Dollar index was...
AS I MARKED, THIS BIG MONTHLY CANDLE PRINTED BY THE DXY IS SHOWING A LOT OF STRENGTH BY THE $DOLLAR WHICH COULD THEORETICALLY PUMP A BIT HIGHER BEFORE I REALLY START TO WORRY, IF WE BREAK THE TL AT AROUND 93.00 THEN I'LL BE EVEN MORE SKEPTICAL THAT CRYPTOS CAN RECOVER THE DIP EASILY. THE CORRELATION BETWEEN THE DXY AND THE CRYPTOS IS REALLY SIMPLE: CRYPTOS ARE...
(see link to Part 1 attached below) Hello,Traders! As we found out in Part 1,the FED and The Treasury added 5.3 Trillion dollars to the money supply, with 3 Trillion Dollars being spent, not invested and all that coming from borrowing, not taxes, which would have created price inflation even without the supply shock. However, the supply side was also...