With Croatia becoming the latest addition to the BRICS
as of yesterday , 2023 isn't looking like much of a thing to celebrate for the Dollar.
it reminds me of my ex-girlfriend after i finally was done with all her prison like rules over the years.
did i enjoy part of our relationship, yeah maybe? ,but was it fair to me? absolutely f*n not. so here we...
USD Index looking very bullish. Double bottom formed on the weekly and monthly. Monthly MACD cross up about to happen, last time that happened about June 2018 we jumped over 15% from 89.229 to 102.992. If we have a jump 15% from last low it would take us to about 104.457. Double bottom target is about 96.50. RSI on the monthly going up over 48 about to cross up...
Hey traders, in the coming week we are monitoring DXY for a buying opportunity around 107.9 zone, once we will receive any bullish confirmation the trade will be executed.
Trade safe, Joe.
Hey traders, in today's trading session we are monitoring DXY for a buying opportunity around 103.1 zone, we highly recommend to take a look at DXY at the beginning of every week if not everyday, that will help you to spot the direction of USD pairs and trade them more professionally. AS Fomc is approaching as well we expect USD to be outperforming!
Hey traders, DXY have formed a good bullish flag, that's a good sign if you are looking forwards executing some xxxusd short or usdxxx long the coming week. I highly recommend you to analyze DXY every end of the week if not everyday, that will help you to spot the direction of USD pairs and trade them in a more professional way.
Trade safe, Joe.
We are still bullish on DXY. in the coming week we expect a little pullback from the supply zone before the index continues to push higher. the first zone in my eyes is 96.4
i highly recommend doing DXY analysis before market opening at least if not everyday. that will help you to spot important zones and directions of usd pairs and then trading the pairs in a...
Hey Traders, in today's trading session we are monitoring EURUSD for a selling opportunity around 1.1285 zone, once we will receive any bearish confirmation the trade will be executed.
Trade safe, Joe.
Our fundamental bias is tilted to the upside for this pair as the FED is expected to hike rates earlier due to inflation fears in the US economy. The JPY is expected to be pressured due to the BOJ assuring the market that they are not planning to raise rates anytime soon. We structurally expect the pair to complete a WXY in a higher timeframe.
This is a short term 4H long trade as we expect dollar to appreciate in value as the FOMC is expected to announce the tapering of the QE Program this week. The ISM manufacturing PMI at 4 PM GMT will be the key catalyst of this trade if it comes out POSITIVE and beat the market expectations. However is at 4 PM GMT the Manufacturing PMI comes out positive without...
In this analsysi and updated, we see in the speculate news that Federal Reserve want to created a strategy that yesterday was lays us to boost inflation and make the US economic recovery their employments, other datas as it is important for the next weeks.
So, lookin in H4 we are in formation of bullish rising wedge, this is accomplish of what FED want, that is a...
Technical Analysis
i) Looks like a Cup and Handle formation for USD/CNY on the weekly chart. Looking to short play the Handle, looking for entries between 6.62 - 6.64 down to 6.48 level.
ii) Our most likely scenario (1), will have a pullback from the Handle down to the 6.48 level from their should look for some long positions up to 6.8 level.
*ii) However, as...
Hello Traders,
Today we shift our focus to USDZAR and from the charts, we can see that the ZAR is generally bullish but it looks like the USD is turning the corner if technical developments is anything to go by. As you can see in the weekly chart, USDZAR prices are generally moving up and with a stochastic buy signal turning from deep the oversold territory, we...
Hello Traders,
My focus pair today is USDJPY and while the Yen seems to be gaining ground as the chart shows, I expect prices to possibly rebound and edge higher in the coming days. These are my reasons. In the weekly chart, stochastics are turning from deep the oversold territory and we have that clear buy signals and higher highs which begun from late March...
There is a confluence in the weekly and 4HR chart. Both have buy signals so it means we buy the USD at 0.945, place a stop loss at 0.94 and take profits at this year's highs of 0.98.
More details at my analysis at forex.today
