USD – The dollar was slightly lower on Thursday in choppy trading, having erased most of its early session losses, as investors bet the Federal Reserve would begin tapering its asset purchases next month and attention turned to the timing of interest rate hikes.
Indeed, Scotia Capital’s chief FX strategist stated: “I think what we’ve seen over the last day or...
Dollar index - H4 - I see further upside for dollar long as this h4 demand zone holds well. Main trend for dollar is bullish for weeks to come so only looking to buy dollar on dips or continuation setups.
Hi guys , how you doing ?
I'm glad of sharing another idea here with you .
So since September 3 , dollar has been in an up trend move and it was bullish , but now it's in an important long term key zone and also psychologically it's in high level .
except they key zone which is also in 0.382 Retracement Fibonnaci , there's a harmonic pattern (BAT) so I...
W1 - Price has reached a strong resistance zone .
Potential bearish divergence.
No opposite signs.
H4 - Bearish divergence.
Until the invalidation level holds my view remains bearish here.
If we get a valid breakout below the low at 93.674 we may then consider it as a validation for the bearish view.
In the comments on the previous chart, we became better acquainted with the technical resources available and the lines in the sand which sellers were using to defend the topside in dollar. Since this should hopefully be of great practical value, and why I love talking markets on tradingview rather than twitter is because we can follow up with second and third...
USD – The dollar fell from its one-year high on Wednesday as longer-dated Treasury yields dipped. However, the US’s CPI report showed prices rose solidly last month, while the minutes from the Federal Reserve’s September meeting confirm tapering will begin “soon”.
Furthermore, Oanda notes that “the market is now seeing a major pivot here as far as how inflation...
USD – The dollar hit a one-year high on Tuesday on expectations the US Federal Reserve will announce a tapering of its massive bond-buying program next month, and as concerns over soaring energy prices also sent investors to the safe-haven currency.
Antipodeans – AUD and NZD were largely steady on Tuesday as sellers were held at bay by higher commodity prices...
After very good fundamental news in last week, we experienced 2 bull Daily candles in according to ISM service and Non-farm Payroll events. This signals a retest of the last high also, a neckline of the Double Bottom pattern.
If a break from this level at 93.30 would provide a clear path for the Double Bottom pattern to form and measured move may lead to 97.x...
This post will be an extremely comprehensive and extensive analysis on the US Dollar.
I’ll be explaining the history of this currency, the situation we are faced with today, and what this implies for our future.
This post is lengthy, and can be difficult to comprehend if you're a beginner investor, but I've made it as digestible as possible and I highly recommend...
The U.S. Dollar Index has been trading within a Bullish Megaphone pattern since late June and is now approaching its Higher Highs trend-line with the 1 year Resistance waiting at 94.750. This is a familiar pattern as the very same sequence has been formed back in June - September 2018. As you see both patterns formed on a 1D Golden Cross (when the 1D MA50 crosses...
As we can see, We are Now at the End of the Wave D, The Price make an Extended Wave (Ending Diagonal), We have Divergence at the MACD as shown, so now we're targeting the final wave (E) that give us a potentiel 99% of short position.
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Trader, please keep this pair on your watch. It has been consolidating for a long time and it reaching a apex of the pattern. A possible breakout is expected. My bias is bullish but we will know only for sure when it actually happens. 😊
1. Never trade too much
2. Never trade without a confirmation
3. Never rely on signals, do your own analysis and research...
Traders, I have writing to you about DXY rising to 95/96 levels since the last year when nearly everyone and media have been bearish on it. DXY now has Weekly SMA in sight. It can take little breaks along the way but it seems to have fund good strength. If it continues to maintain this strength then, it will reach that 200 sma . In fast due to formation of the W...
A video analysis looking at the fundamentals of the dollar and where we expect it to move to next.
The inflation narrative in financial markets are very strong right now and its quite possible the market gets caught out...
I discuss the prospects for the dollar in the second half of 2021 and early 2022.
Let me know in the comments your own thoughts.