The United States dollar is a Federal Reserve Note and is the official currency of the United States and its overseas territories. Many countries use it as their de facto currency, while others use it as their official currency. The US dollar is the world’s most dominate reserve currency and is used in most international transactions. It is flat money which means that its value is derived from government regulation or law.
NZDUSD is approaching our first resistance at 0.6718 (horizontal pullback resistance, 23.6%, 61.8% Fibonacci retracement, 100% Fibonacci extension) and a strong reaction might occur below this level pushing price down to our major support at 0.6552 (horizontal swing low support).
Stochastic (89,5,3) is also approaching our resistance and a reaction below this ...
EURUSD is approaching our first resistance at 1.1627 (horizontal overlap resistance, 100% Fibonacci extension, 23.6%, 50% Fibonacci retracement, long term ascending support-turned-resistance line) and a strong drop might occur below this level pushing price down to our major support at 1.1202 (horizontal swing low support, 61.8% Fibonacci extension, 61.8% ...
NZDUSD is approaching our first resistance at 0.6718 (horizontal pullback resistance, 23.6%, 61.8% Fibonacci retracement, 100% Fibonacci extension) and a strong reaction might occur below this level pushing price down to our major support at 0.6552 (horizontal swing low support).
Stochastic (89,5,3) is also approaching our resistance and a reaction below this ...
EURUSD reversed off its resistance at 1.1440 (38.2% & 23.6% Fibonacci retracement, horizontal overlap resistance) where it could drop further to its support at 1.1301(horizontal swing low support).
Stochastic (55, 5, 3) reversed off its resistance at 95% where a corresponding drop could occur.
AUDUSD is testing its resistance at 0.7349 (100% Fibonacci extension, 61.8% & 50% Fibonacci retracement, horizontal overlap resistance) where a reversal to its support at 0.7284 (50% Fibonacci retracement, horizontal overlap support) could occur.
Stochastic (55, 5, 3) has reversed off its resistance at 97% where a corresponding drop could occur.
USDCAD is testing its support at 1.3033 (100% & 61.8% Fibonacci extension, 76.4% Fibonacci retracement, horizontal overlap support) where it could potentially bounce to its resistance at 1.3114 (61.8% Fibonacci retracement, horizontal overlap resistance).
Stochastic (55, 5, 3) is testing its support at 3% where a corresponding bounce could occur.
EURUSD is testing its resistance at 1.1523 (61.8% Fibonacci extension, 61.8% & 50% & 38.2% Fibonacci retracement, horizontal overlap resistance) where a reversal to its support at 1.1400 (61.8% Fibonacci retracement, horizontal swing low support) could occur.
Stochastic (55, 5, 3) has reversed off its resistance at 97% where a corresponding drop could occur.
AUDUSD reversed off its resistance at 0.7320 (100% & 61.8% Fibonacci extension, 38.2% & 23.6% Fibonacci retracement, horizontal overlap resistance) where it could drop further to its support at 0.7245 (61.8% Fibonacci retracement).
Stochastic (55, 5, 3) reversed off its resistance at 97% where a corresponding drop could occur.
Just taking a peek at the monthly look of things with BTC/USD
We can see clearly on the monthly chart bitcoin is in fact bullish
Our Blue 21EMA has NOT been broken and has seemingly bounced 3 months running from this support level
so good things for bitcoin? if bitcoin can stay ABOVE this 21EMA level we can feel more bullish on our predictions BUT its not out ...
eur usd is forming an interesting BAT pattern with wave formations by elliot Basico
manage the fund of our account the basis for successful trading
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greetings friends -
Technical analysis:
. LISK/DOLLAR is in a downtrend and the beginning of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 49.
. The price downtrend in the daily chart is broken, so the probability of the resumption of an uptrend is increased.
Trading suggestion:
. There is a possibility of temporary ...
USDCAD bounced nicely off its support at (100% Fibonacci extension, 76.4% & 61.8% Fibonacci retracement, horizontal swing low support) where it could potentially bounce to its resistance at 1.3127 (61.8% Fibonacci retracement).
Stochastic (55, 5, 3) is bounced off its support at 5.5% where a corresponding rise could occur.
BTCUSD ascending triangle & inverse head & shoulders pattern on the lower time-frames.
No trade can be considered taking before a breakout in either direction.
Patience is the key.
Happy Trading!
Technical analysis:
. Reddcoin/Dollar is in a downtrend and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 43.
. While the RSI and the price downtrend in the Daily chart are not broken, bearish wave in price would continue.
Trading suggestion:
. There is a possibility of ...
Our estimated bounce spot was met and EURUSD bounced near 1.12840 (June 02, 2017 contact point), even breaking our 1.1510 (previous support) target projection. Based on the 1D Channel Down (RSI = 48.432, MACD = -0.005, Highs/Lows = 0.0014) this is a near Lower High and an ideal spot to open a short. We are taking this opportunity to sell, TP = 1.12840 and 1.11765 ...
USD/JPY has hit 4-week lows at 109.77, before retracing brief dip below 200-DMA, retakes 110 handle.
Markets perceiving the possibility of the Fed slowing down the pace of policy tightening in response to criticism from the White House weighing on the dollar.
The 10-year treasury yield fell more than five basis points to 2.82 percent yesterday, sending the USD ...
![BTCUSD: Bullish Bitcoin signs on the Monthly Chart Aug2018 [BTFD]](https://s3.tradingview.com/t/TmbKRQzD_mid.webp "Bullish Bitcoin signs on the Monthly Chart Aug2018 [BTFD]")
