In the following video, Ivan Delgado, Head of Market Research at Global Prime, walks us through the different scenarios that can exist when trading risk. Ivan simplifies the reading of the environment as a trader one can encounter by combining the price behavior of the SP500, US 30-yr bond yield, US Dollar index, and to a lesser extent, Gold, as it's become more...
Whats up Guys - See explanation on the chart - We are going to be looking for opportunities (today and tomorrow) to be preapred to both Long or Short the USD based on the release of the minutes. This post is mostly to give an idea of the thinking that I go through as an active trader. Ten Likes / Comments / Dislikes and I will update the chart Let me know...
Hey tradomaniacs, just a chart that shows all what I wanna say. :-) Just for those who didn`t know. The Dollar-Index is a currency basket which compares the USD to 6 other currencys. AS you can see, the EUR/USD has 57,6% (since 1999) of that basket and basically turns that basket into a USD/EUR currencypair. ;-D Just check it out :-) Peace and good...
Looking at the chart, if we get a close above todays open today. Then we have regained a bullish stance for the DXY. May + June could see the DXY rise to 100.00 I've marked off the two areas of most convincing resistance to me. So will be looking for pullbacks to sell GBP and EUR versus the dollar.
Occasionally I will be slapping together a commentary about the days action on my favorite index and making a point to pickout the best entry of the day. This does not mean I take these entries. I simply point them out. These posts will be short simple and insightful. Notice the daily is bearish. We know better than to hold onto long positions. Over the...
My CURRENT definition of RISK. RISK ON USD down, moving XXX/USD currencies up and USD/XXX currencies down. or RISK OFF USD up, moving XXX/USD currencies down and USD/XXX currencies up. Mid term (3 wks-6mo) I lean bias towards 2018 trading in RISK ON mode. Which means EURUSD is a buy mid-term. USDCAD is a sell mid-term. In the last several months we have...
In my previous chart of EURUSD, you will find lots of details explaining why I am anticipating a new bearish cycle in which the wave 4 (in circle) was about completed and wave 5 (in circle) was about to commence. There are lots of additional charts in comment section to help validate longer term view. This chart is linked below for your reference. We did not...
Hello Traders. Hope everyone is staying warm. Snow and zero degree temperatures expected in Virginia. Many traders use many different indicators. There are so many its impossible to tell which ones are useful. Simplicity is key. The most important tool in a traders toolbox is the ability to deceiver the prevailing trend. Using higher high/ lower low analysis we...
Gold: XAUUSD 1.25% How DXY -0.25% is the gold 1.24% trader's best friend right now So far gold 1.24% has behaved in the bear-mangling mode expected of it since the dollar broke down below key support on DXY -0.25% at 94.26 (right hand chart) but it wasn't too smart to let it go again at 1290. That rally on Friday was vicious for bears - the shape of price...
What is the Dollar Index? The U.S. Dollar Index is a geometrically-averaged calculation of six currencies weighted against the U.S. dollar Which currencies are included in the U.S. Dollar Index? The U.S. Dollar Index contains six component currencies: the euro, Japanese yen, British pound, Canadian dollar, Swedish krona and Swiss franc. What is the Formula...
Learn with the Lex van Dam Trading Academy on TradingView! www.tradingview.com Featured in our Trading Club, 4th July Our checklist provides a systematic process that fellow hedge fund managers and traders employ to analyse markets, from which the biggest trading decisions are made. We use similar versions to analyse major currencies, stock markets and...
There seems to be a strong misconception regarding the Fed Fund Rate, and it's effect on the DXY and XAUUSD. As you can see above, XAUUSD rallied over 100% when the Fed Fund Rate was raised from 1% in 2003 to 5% in 2006 (this wasn't direct, there were numerous rate hikes in between, just for the simplicity of the chart I've only added a few). When the Fed Fund...
More or less how DXY will behave in the near future.. I do not expect less then 97.0 in Q2.
Just a small research I made. Haven´t applied any advanced methodics though, just a simple comparison. 1. DXY and S&P move together on bullish times which means there is a strong demand on US Dollar to make profit from raising american market. The profit is double: growth of the stocks index and a convertion back from the USD to your own currency which, by that...