Hello Traders! Dollar starts the week steadier so far, after an ABC corrective wave I expect 5 motive wave upside. Because the dollar index DXY is highly inverz correlated with the EURUSD I prefer shorts on the pair for reference I linked the idea. Have a great week! Vitez
DXY - We have hade a huge selling for a long time now. I believe we are ready for a rebound to ~94.3 area the next couple of days.
We are on big pullback before turn back to Downtrend.
I mainly see an Elliot Wave moving upward towards my Blue Box around 98.30 Overall we are moving upward. Dollar is not bearish. Maybe I'm wrong.
Hello Traders, I have been watching USDZAR for a while. Well, I must say, the time is ripe to look for under-valuations in lower time frames and buy. First, like we mentioned in the previous article, the middle BB in the weekly chart was our main liquidation or the resistance line. However, as it is,the USD is now trending above this line and with a whole...
Hello Traders, From our previous preview of this pair, all we needed were lower lows and that we got as price action shows. As you can see, not only is there is a stochastic sell signal in the weekly chart but bears are capitalizing on that clear bearish divergence following an over-extension/EURO over-valuation by week ending February 2. However, that’s not all....
Hello Traders, My focus pair today is USDJPY and while the Yen seems to be gaining ground as the chart shows, I expect prices to possibly rebound and edge higher in the coming days. These are my reasons. In the weekly chart, stochastics are turning from deep the oversold territory and we have that clear buy signals and higher highs which begun from late March...
EURUSD show weakness in recent weeks. We couldn't break 1.25 up. Important ADP on wednesday and NFP on Friday. Let see what big boys have to say. first target 1.2160, than 1.20
Potential longs on this pair. So we trade a bull break out with buy stops at 11.90, stops at 11.78 and take profits at 12.40 and higher
Time to buy USD. Targets at 1.31, stops below recent lows in the 4HR chart at 1.285.
Every Gold high is a sell opportunity. The weekly chart is bearish with an over-valuation in the 4HR chart meaning chances of Gold moving lower is high. Check out more details here: forex.today
I think with every low USD prints today, you should look to buy. After all, MXN is a little bit over-valued with two whole candlesticks below the lower BB.
CAD is over-valued and last month's candlestick was bullish. Trade as follows: Buy: 1.274 Stop Loss: 1.269-Below December 21 lows Take Profit: 1.29-this week’s highs More from: forex.today Let me know what you think.
Daily and 4HR chart stochastics bearish with a clear double tops on both time frames. 20 period MA key and if there is a break below the 20 Period MA, then immediate bear target is at $137.
Usdchf - Daily time frame - Longs in play on dollar strength and bullish structure on usdchf daily time frame
Hello guys, Despite LSK bullish break out above the resistance trend line, LSK bulls are not in the money yet. USD bulls are pushing LSK prices towards the 20 period MA and support-previous resistance line, and currently $4.7 is turning out to be a minor support line. Volumes are low and there is a sell signal even though I won’t advise USD bulls to execute...
Hello Guys, DASH continue to consolidate, benefiting scalpers. If anything, there is a clear three falling method candlestick pattern with price action held within a $68 range marked by 24.10.2017 Hi-Los. By 26.10.2017 close, the significance of the 20 period MA as a reliable resistance line became clear. As mentioned yesterday, that was the 26th trading day of...
Hey guys, I'm long the USD. I don't think governor Poloz will hike rates anytime time year. Maybe next year if things get hot. Economic indicators are weak. Earlier, Retail sales and CPI under performed and disappointed investors. Furthermore, BoC was said to have angered PM Trudeau when they hiked rate in two quick succession claiming they were offsetting 2015...