US DOLLAR Weekly Forex Forecast: Look For BUYS This Week!USD INDEX is bullish for the short term... but bearish in the longer term. This week will have
opportunities for short term long positions. Just be mindful not to swing for home runs! The larger pullback seems to have started, so the bears are coming!
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May profits be upon you.
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Usdollarforecast
US DOLLAR INDEX READY FOR A MOVE DOWNUS Dollar index at a huge level of resistance so may give a push down to back the other currencies I'm looking at trading, USD index to push down would give EURUSD a nice upside move! Also a weaker US dollar will back my short bias on USDCAD. Anyone that doesn't use these index's as a reference I think should, it gives a good indication of how that currency is preforming.
Can The Bulls Push The Dollar Higher?The Dollar index topped 96.00 last week and is now retracing. The bulls can potentially push price higher again if price can stay above the higher low at 95.51.
In this video, I've also added USDDKK which is a positively correlating currency pair. Take look and be sure you're following me here on Tradingview and Youtube(SLFX Trading).
Have a safe trading week.
US DOLLAR - Breadown + How This Will Affect Global MarketsIn this special idea I will breakdown everything the US Dollar has done and what it is about to do.
Do you need proof? I have proof. If you don't have proof you're guessing.
Don't guess when it comes to the markets, know exactly what is happening or get out.
I have linked the previous few ideas below that are related to the US Dollar.
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EUR/USD (Buy) & U.S Dollar Index (Sell)Here we look at how the Euro makes up 60% of the U.S Dollar index and how historically the moves in EUR/USD drives the performance of the DXY.
EUR/USD is just under the key resistance level $1.20 as the DXY is sitting at a key support level 92.00.
A firm brak above £1.20 in EUR/USD will be the catalyst for the DXY to break below 92.00.
This offers us two trades in one as soon as EUR/USD breaks above the key technical resistance level.
We look at entry price strategies and one-month ATR stop loss.
SELL U.S Dollar Index (DXY) We take a closer look at the US Dollar Index and the makeup of currencies within the basket.
If you don't want to trade the Individual US Dollar currency pairs we can sell the Index as the Dollar continues to weaken across the currency pairs that make up the Index.
We look at entry price strategies below a key technical support level 92.00