Chat with us, powered by LiveChat
EURUSD Forex cross pair forecast and supply and demand technical analysis
1st September 2019
How to trade BitCoin crypto currency, forecast and prediction based on supply and demand strategy
5th September 2019

US Dollar Index DXY forecast supply and demand technical analysis

What is US Dollar Index DXY forecast using supply and demand technical analysis? Well, as discussed in previous video technical analysis in the past, we have a clear long term long bias on US Dollar Index DXY creating and respecting bigger timeframe demand levels and imbalances and eliminating obstacles in the form of supply imbalances.

In a clear uptrend we should only be interested in buying US Dollar Index DXY . If you are using other Forex trading strategies or even trading the lower timeframes using indicators and oscillators, you can use this supply and demand technical analysis on US Dollar Index DXY to plan your longs. You might be using CCI or RSI oscillators or even moving average crosses and Bollinger Bands, we don’t really need any of those to make a trading decision when trading supply and demand imbalances.

All we need to know is that we have a trend and direction and new demand levels created. The technical video analysis you can watch below shows a longer term US Dollar Index DXY analysis using the weekly timeframe as the main timeframe. New demand level has been created around $97, gained control and price is rallying strongly with a lot of room on the way up to a strong monthly supply level that is located near US Dollar Index DXY where shorts will be possible again.

We might start seeing Dollar Index DXY dropping strongly in a few weeks because there is a very big timeframe supply imbalance in control. New weekly and monthly supply levels and imbalances could be created before the end of year 2019

This is the kind of price action technical analysis you will learn in our trading community. You will learn how to locate new supply and demand imbalances and trade without using any indicators, no news, no fundamental analysis, no earnings announcements, no volume or VSA analysis. Just supply and demand imbalances.

Trading supply and demand imbalances is ideal for beginners and those with a full or half time job, you won’t need to stay in front of the computer all day long trying to move price action with your mind. 

As supply and demand traders, we do not need to pay attention to the news, fundamentals or any earnings reports. Once a big timeframe imbalance has gained control, earnings do just the opposite and reacts strongly to those imbalances. Why is it that you see positive earnings and then the underlying stock drops like a rock, or a negative earnings announcement and the stock rallies like a rocket out of control? You are probably missing the fact that there are big imbalances gaining control.

Alfonso Moreno
Alfonso Moreno
Full time trader, expert technical analyst and founder of Set and Forget supply and demand online trading community. Traveler, photographer and adventurer.

Leave a Reply

Your email address will not be published. Required fields are marked *

     
 

Disclaimer: Any Advice or information on this website is General Advice Only - It does not take into account your personal circumstances, please do not trade or invest based solely on this information. By viewing any material or using the information within this site you agree that this is general education material and you will not hold any person or entity responsible for loss or damages resulting from the content or general advice provided here by Set and Forget, its employees, or fellow members. Futures, options, and spot currency and stocks trading have large potential rewards, but also large potential risk. You must be aware of the risks and be willing to accept them in order to invest in the Forex and futures markets. Don't trade with money you can't afford to lose. This website is neither a solicitation nor an offer to Buy/Sell spot Forex, cfd's, stocks or other financial products. No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed in any material on this website. The past performance of any trading system or methodology is not necessarily indicative of future results.

High Risk Warning: Forex, Futures, and Options trading has large potential rewards, but also large potential risks. The high degree of leverage can work against you as well as for you. You must be aware of the risks of investing in Forex, futures, and options and be willing to accept them in order to trade in these markets. Forex trading involves substantial risk of loss and is not suitable for all investors. Please do not trade with borrowed money or money you cannot afford to lose. Any opinions, news, research, analysis, prices, or other information contained on this website is provided as general market commentary and does not constitute investment advice. We will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from the use of or reliance on such information. Please remember that the past performance of any trading system or methodology is not necessarily indicative of future results.