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.
Price has made a false breakout to the downside of the consolidation box on Friday. Price then went down to test the long term trendline where then a bullish reaction took place after trapping sellers. A powerful move up from there making a bullish engulfing to break through resistance (61.8 fibonacci retracement), along with the box region to the upside. Will be...
Hi there. Price is forming a contnuation pattern to the upside. Wait for the price to hit the bottom of the pattern and watch strong price action for buy.
Hi there. Price is forming a continuation pattern to the upside. Wait for the price to hit the bottom of the pattern and watch strong price action for buy.
Hi there. Price is forming a continuation pattern to the upside. Wait for the price to hit the bottom of the pattern and watch strong price action for buy.
Green lines mark DXY tops
Red lines mark DXY bottoms
Purple lines mark unconfirmed trend change for DXY .
*Note October 1st US rates topped, which caused Gold to rise with DXY .
Case #1
USA doesn't join the world in negative rates and more QE .
Gold continues to out perform in all currencies except USDs.
Case #2
USA monetary policy joins the world and...
Is the most respected pair that never disappoint. We're bearish on USDCHF and our long term target is 0.96000
Hope you'll catch this as it's going to be very profitable.
PAIR IN FOCUS: USDCHF
ACTION: SHORT
Bearish engulfing on Daily charting has sparked interest for a short trade on this pair. As trade war intensifies, the risk-off sentiment may continue strengthening, pushing for further bearish momentum for this pair.
Price may retrace higher to indicated zone which provides a better R:R ratio for this trade.
TP 1, TP 2 and...
ETHUSD has bounced, twice now, off the bottom $177.7 support line.
Taking a small position with a conservative target of $219 just below the .236 Fibonacci level.
Stop Loss: below the $177.7 support at $175
MACD and RSI showing bullish signs
The EURUSD has had a prolonged downtrend with lower highs and lower lows and then began to range at the support zone of 1.1065 which we get form the daily chart. It failed to break below this level to confirm a lower high on the daily chart. You can see on the daily chart we did make an engulfing candle.
However, I approach it with market theory. Markets only...
AFTER THE GOOD BEARISH IMPULSE IM WAITING FOR A PULLBACK AROUND 0.98000 TO SELL WITH A GOOD CANDLESTICK PATRON
DESPUES DEL IMPULSO BAJISTA AL FINALIZAR ESTA SEMANA DE USD CHF, ESPERO UN RETROCESO AL REDEDOR DEL PRECIO 0.98000 PARA VENDER SIEMPRE CON PATRON DE VELAS
ALWAYS WAIT FOR CANDLESTICK CONFIRMATION AND USE RISK RATIO 1:3
SIEMPRE ESPEREN CONFIRMACIONES DE...
So as you can see on the 1 Hour chart things are looking almost exactly the same..we are at a strong resistance for the past couple of days if it will break we will go on the same ride as couple of days ago
this is not a financial advice!
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