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.
The US Dollar Index has reversed lower after printing highs at 97.71 levels last Friday. It has also produced an engulfing bearish candlestick pattern on the daily chart yesterday indicating a potential bearish reversal ahead. It is seen to be trading around 97.13 levels at this moment in writing and a break below 96.36 levels would confirm and accelerate further ...
The Tidal Shift Strategy has just sold USDJPY at 112.547. The system recommends entering this trade at any price between 112.428 and 112.666. The signal was issued because our Speculative Sentiment Index has hit its most extreme positive level for the past 145 trading hours at 1.042, which suggests that the USDJPY could be trending downwards.The 14-period Average ...
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NZDUSD FOREX BREAKDOWN 18 DECEMBER 2018
1 HOUR
Very strong bullish reaction after forming lows, possible sellers takeout.
4 HOUR
Bullish reaction possibly forming new LH.
DAILY
Market was bullish but changed to bearish last week, good short entrys now!
LEVELS
(Please split your Position to 3 small ones for perfect entrys!) ...
Last Friday, the EURUSD pair had made lows at 1.12700 levels before bouncing back. It is seen to be trading around 1.1340 levels at this point in writing after having made an intraday high at 1.1360 levels. It could be possible that EURUSD has carved a meaningful higher low at 1.1270 levels and it is now preparing to push higher towards 1.1650 and further. Looking ...
The Dow Jones at the moment seems to be completely in control of the bears, with prices breaking below 23800 levels yesterday. The close was near 23600 levels and it looks more probable that the 3rd of 3rd wave is in progress. If it is, we could witness prices dropping rapidly below 22500 levels as depicted here through the fibonacci extensions, as wave iii of (3) ...
EURUSD is approaching our first resistance at 1.1401 (horizontal swing high resistance, 78.6% fibonacci retracement , 100% fibonacci extension ) and a strong drop might occur below this level pushing price down to our major support at 1.1322 (61.8% fibonacci extension , 61.8% fibonacci retracement ).
Stochastic (34,5,3) is also approaching resistance and we might ...
Nikkei is approaching our first support level at 20783 (61.8% & 100% Fibonacci extension, Horizontal swing low support) where a strong bounce might occur above this level pushing price up to our major resistance at 21783 (horizontal swing high resistance, 61.8% & 100% Fibonacci extension, 23.6% & 50% fibonacci retracement).
Stochastic (89,5,3) is also ...
The Tidal Shift Strategy has just sold USDCHF at 0.99222. The system recommends entering this trade at any price between 0.9912 and 0.99324. The signal was issued because our Speculative Sentiment Index has hit its most extreme positive level for the past 145 trading hours at 2.12349, which suggests that the USDCHF could be trending downwards.The 14-period Average ...
US30 is approaching our first support level at 23323 (100% Fibonacci extension x2, Horizontal swing low support) where a strong bounce might occur above this level pushing price up to our major resistance at 24183 (horizontal pullback resistance, 23.6% fibonacci retracement ).
Stochastic (89,5,3) is also approaching support where we might see a corresponding ...
AUDUSD bounced nicely off its support at 0.7159 (61.8% Fibonacci extension, 61.8% Fibonacci retracement, horizontal overlap support) where it could potentially bounce to its resistance at 0.7240 (38.2% Fibonacci retracement, horizontal swing high resistance).
Stochastic (89, 5, 3) is bounced off its support at 1.7% where a corresponding rise could occur.
UK100 is testing its support at 6679 (50% Fibonacci retracement , horizontal swing low support) where it could potentially bounce to its resistance at 7152 (38.2% Fibonacci retracement , horizontal swing high resistance). Stochastic (55,5,3) is approaching its support at 7.5% where a potential bounce could occur.
=> What is in play here?
=> To put it simply we are tracking two scenarios... the market is currently trading against strong resistance and we need to get above this area to avoid it becoming a very large triangle.
=> If we look at the recovery since August, we can see that this move has been impulsive and increases the odds for the break to the topside.
=> The ...
The Breakout Opportunities system has just sold AUDUSD at 0.71721. The system recommends entering this trade at any price between 0.71592 and 0.71796. The signal was issued because the AUDUSD has broken its 24-hour low while our Speculative Sentiment Index was at 2.95231, suggesting that the AUDUSD may have further to fall. A stop loss has been set at the 24-hour ...
The Tidal Shift Strategy has just bought USDCAD at 1.34435. The system recommends entering this trade at any price between 1.34277 and 1.34593. The signal was issued because our Speculative Sentiment Index has hit its most extreme negative level for the past 145 trading hours at -2.858, which suggests that the USDCAD could be trending upwards.The 14-period Average ...
For the first half of this trading week, the dollar has shown weakness as it reached a peak at 97.7.
Although the Fed is expected to raise rate later during the Fed Funds Rate release, the market is also expecting lesser rate hike later in 2019.
The dollar is well expected to drop further to key level 96.4, an important supply zone.
The trend of the dollar will be ...
Price broke out of a resistance zone and made an impulsive wave upward.
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Price seemed to have completed the counter-trend retracement and made a new HL at the confluence of horizontal support, moving averages, 50.0 - 61.8 Fib ratio, and 3rd rejection of ascending trendline.
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Price has the potential to move up towards the Fib Extension level.
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We will wait for ...
EURCHF is approaching its resistance at 1.1305 (100% Fibonacci extension x2, 38.2% & 61.8% Fibonacci retracement ) where it could potentially reverse to its support at 1.1247 (100% Fibonacci extension, 76.4% Fibonacci retracement, horizontal swing low support).
Stochastic (21, 5, 3) is approaching its resistance at 98% where a corresponding reversal could occur.
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