The US Dollar recently reached the lower trend line of a long term descending channel against the Polish currency. As a result the pair has already formed a short term ascending channel pattern.
However, the channel has met with fierce resistance in the form of the monthly S1 at the 3.3760 mark and the 38.20% Fibonacci retracement level, which is located just ...
There is something about the USD/THB pair that you can observe only by changing the time frames of the charts while having set up them to show the 200-period simple moving average.
Namely, the most important is the fact that the currency exchange rate has passed the 200-day SMA, which has kept the pair lower since the start of 2017. In addition, the four hour ...
The US Dollar recently gained massively against the Mexican Peso. That occurred mainly due to the political turmoil around the Mexican Presidential election, which caused a sudden fall in the value of the Peso.
However, the surge was stopped by a resistance line of a speculated ascending channel pattern at the 18.50 mark. Although, the psychological significance ...
The Greenback bounced of a large scale 50.00% Fibonacci retracement level against the Singapore Dollar at the start of April. As a result of the event a descending channel down pattern has formed.
The channel has already managed to pass two strong support clusters near the 1.3150 and the 1.3125 levels. Moreover, it doesn’t seem to face any additional support ...
The charted channel, which was drawn on Tuesday, on the NZD/USD hourly chart was once more confirmed when the lower trend line managed to force a rebound of the pair.
However, the decline down to the trend line did not occur, as previously expected, as the rate still made numerous attempts to break above the previously active ascending pattern’s support line’s ...
The previously expected decline in a narrow ranged pattern down to the 1.25 mark did not occur. The reason for that is the existence of a medium term descending pattern, which revealed itself during the last 24 hours.
The pattern drawn on Tuesday actually represented a move downwards in the borders of the medium term channel.
By the middle of Wednesday’s ...
The US Dollar’s movements against the Chinese one currency have not been mapped for some time, because some consider them rather boring. The bottom line about the pair is that the US Dollar is losing value against the Yuan.
However, the movements of various timeframes can be mapped in various scale patterns. Moreover, it can be observed that the currency exchange ...
The previously expected decline of the Australian Dollar against the US Dollar occurred on Wednesday morning. However, before the target area of 0.7750 was reached, the pair lingered horizontally for most part of Tuesday’s trading.
After reaching the 0.7750 mark the rate found support and began a surge, which from a technical perspective was caused by the ...
Hi trader friends! The US Dollar Index rally from 2008 low to the December 2016 high is better counted as a long term upward retracement/correction in the 107 year bear market in the "Real Inflation Adjusted Value" of US Dollar. Why? Because much of the up move was corrective in nature, with many overlapping of the swing highs by the subsequent swing lows, except ...
Last week the dollar finally traded in line with fundamentals again, with the Dollar Index gaining four out of five days. There had been a strong bearish sentiment surrounding the dollar for the last couple of weeks, helped by key data points coming out unfavourably and when a currency is fundamentally bullish, but sentiment-wise bearish, the result is choppy ...
US Government Bonds 10 year yield already broke clusters and getting closer to the trend line, too many opportunities in the market but don't forget... buckle up!
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In this opportunity we are looking at the Santiment vs USD as price has been in a nice rally basically since November 16, 2017. Price is now in a correction and has pulled back to the Tenkan level. There have been many discussions about traders changing the settings due to various reasons when trading cryptocurrencies, but I am using the default settings for the ...
Looking at the EUR vs USD on the H4 we see price pulled back to Tenkan after a false Kumo Breakout. Price was out of equilibrium as it went too far away from Kijun. Price has since pulled back to Tenkan and has formed a H4 hammer showing Tenkan support. Once price violates the Kumo I am looking for price to continue higher based off of the structure of the market ...
EURUSD-TOUCHING SUPPORT FROM JAN 09' 2018. Bounce is a good possibility from over sold but weakness are shown in the market. I eill post a 30 min chart soon to see the internals.
The CRUDEOIL price broke through several trends (long-term and short-term)
The political situation between Russia, US, Syria etc tend to war which could have an bullish effect on the price...
What are your opinions?
Hope this idea will inspire some of you !
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Indicators used in this forecast are PRO Sinewave BETA & PRO Momentum.
You can check my indicators via my TradingView's Profile : @PRO_Indicators
Kindly,
Phil
If you want to learn more about the basic rules to trade with my indicators ...
BIG RED BEAR knocking on your door! 12 High Probability Trends Reversals
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Wave Count is suggesting that the USD could unfold a Bearish Minor 5 (red) leg.
Minute iii (red) started unfolding back on Dec 12th when I called the USD down-trend like a champ with this article: "FED December Rate Hike – DXY ...
