edankhan trading journal

Welcome to the Edankhan Trading Journal, a journey uncovering the stories and strategies behind the financial markets. In this article, we will explore the steps, thoughts, and valuable lessons meticulously documented in Edankhan's trading journal. Let's together delve into the world of trading from this unique perspective and find inspiration to hone your trading skills!

U.S. Dollar Index dynamics scenarios on November 10, 2023

Along with tough comments from Fed Chairman Jerome Powell, US stock markets fell as the US government's low interest rates provided further support to the dollar on Thursday.

At the time of writing, the DXY index is near the 105.78 level, slightly below yesterday's high of 105.83. The Dollar Index (CFD #USDX on the MT4 platform) is opening higher in the opening period, above the key support level of 104.25 (200 EMA on the daily chart), dividing the half-term bull market . cattle market. bearish, long-term - above the key support level of 100.30 (200 EMA on the weekly chart).

Stopping today's regional high of 105.96 may indicate an increase in the long position in the Dollar Index with the expectation of growth to regional resistance levels of 106.56, 106.82, 107.05 and 107.32. However, the long term remains the best for the moment.

In another case, the signal to open a short position can be a break of the important short-term support level at 105.79 (200 EMA on the 1-hour chart) and 105.68 (200 EMA on the 15-hour chart). units) in anticipation of a correction at the important support level of 105.55 (50 EMA on the daily chart).

However, its breakdown could trigger a deep correction, up to the key support levels of 104.45 (144 EMA on the daily chart) and 104.25 (200 EMA on the daily chart).

Support levels: 105.79, 105.68, 105.55, 105.00, 104.45, 104.25, 104.10, 103.00, 102.00, 101.50, 101.00, 0,00,100

Resistance levels: 105.96, 106.00, 106.56, 106.82, 107.00, 107.32, 107.80, 108.00, 109.00, 109.25