The greenback has made a very strong bullish push for the past month.
As we start the new month of October, I expect the USD to retrace towards either:
The the weekly trendline
Previous resistance
Support 93.000
...before continuing higher (Provided positive fundamentals for USD)
Things to watch out for this week (Fundamentals):
OPEC Meetings...
Looking at the US Dollar Index (DXY), USD is showing strength, breaking structure to the upside. It has entered a 4H bearish OB, and we are going to monitor it behavior here. Will it reverse soon? There is huge potential for that to happen. Price may show weakness in the next 48hrs, but for now, I would play the xxxUSD pairs to USD strength.
Price is making a Triple Top at key resistance. A liquidity grab was completed. What is the intended move now?
In this video, we will analyze the US Dollar Index (DXY), and see what's to see.
Check out the analysis and find out.
Hello everyone, as we all know the market action discounts everything :)
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The USDJPY pair started this session with a Bullish move driving the price back to 110.08 from 109.74, The Bulls now are eyeing every move of the market waiting for the...
Hello Traders, this is the full breakdown of this pair. We will take this trade if all the conditions are satisfied as discussed in the analysis. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
Yesterday's forecast with the decrease of parity was validated by Piata. I still believe that in the medium term, the most likely direction is the Short for USD / JPY, although after an extended Weekend break, it is possible to increase a bit at the American reopening.
We have a general downward trend for USD, which is no exception in parity with JPY. With small movements in both directions, the USD / JPY sport makes sense for today!
Important hourly resistance for EUR / USD. In this area, parity may begin a period of consolidation, or may break resistance. Neutral predictions with a long tint today.
The dollar has reached its lowest level in a recent month, which is why we have seen the growth of all currencies against the dollar, and as you can see, it has formed a downward channel and has accompanied it to the trend line, but in your opinion this The decline will continue and the trend line will be lost ?? Such a thing is unlikely to see a return of the...
Tools Used for the quick sketch
fib retrace
fib extension
trend lines
support/resistance
demand/supply zone
and price action on multiple timeframe
but better seen on H4 for market structure
:)
hey tradomaniacs,
As expected Jerome Powell causes huge moves in the market.
So what did he say and why is his statement causing such a sell-off? One thing is for sure, he is really dissapointing the market!
First of all, what could he have said to cause euphoria?
1️⃣He could have aoounced an prolongation of the Supplementary Leverage ratio (SLR) banks...
Hey tradomaniacs,
DXY (US-DOLLAR-INDEX) broke out of its trendchannel and could continue to fall if it braks the current support-zone 👉
Non-Farm-Payrolls almost as good as expected, but overall not as good as priced in.
I did a lot of research due to the current correlations in the market.
You might remember that I said that we will reach a point where...
Hey tradomaniacs,
As you may have noticed the market is not moving as it should looking at fundamentals and news which is why I`m still staying aside.
A positive newsflow of economic data and very good earning reports plus a rising stockmarket are not really driving currencies as they should due to the fact possible stimulus could continue to boost US-YIELDS,...
