By the close of last week's trading session, the top 3 worst performing currency pairs came out to be the USD/PKR (-4.91%), NZD/USD (-2.61%), and USD/SEK (-2.04%). To help determine the direction that these pairs will take this week, we will use the Hacolt Indicator (Vervoort Heiken-Ashi Longterm Candlestick Oscillator). Will the pairs continue to slide, or are...
Plenty of attention will be on today's FOMC meeting. Traders are looking for a ¾ or point increase from the Fed today, taking rates to 3.25%. This is what the market expects: anything more and USD positive, anything less USD negative. That's a simple look. The projections and the statement will be the key parts traders will be looking at. We all saw the market's...
This count is based on my assumptions so anything can happen not a trading or financial advice just for educational purposes only kindly do your own ta thanks trade with care good luck.
This count is based on my assumptions so anything can happen not a trading or financial advice just for educational purposes only kindly do your own ta thanks trade with care good luck.
At August’s close, the USD can be said to have performed exceedingly well against its trading partners. The DXY climbed 3.2% over the month. Now it heads into a very important Non Farm Payrolls result, and investors will be looking for clues as to the USD’s next move. The Non Farm Payroll data for August is released on September 2, 2022, and is perhaps more...
In my last idea about DXY (see related ideas), I proclaimed that we might have the possibility of the formation of AB=CD pattern owing the accumulating Falling wedge. But we had a variable of point C in AB=CD, we did not know where/when it might appear. After the false break low on Friday and the rejection from bottom it turned out to be a perfect hammer on Daily...
Once we get new highs on DXY, both stock and crypto will bath in blood, don't forget to look at your SP 500 chart too
Hello Traders USD/CAD is on bullish momentum. We believe that this pair is going to continue upward but before, it needs some corrections. Here is why we long USD/CAD: 1- RSI is on Uptrend 2- Short term momentum is upward. 3- Price has a big resistance between 1.30500-1.30800. This zone will drag price toward itself. 4- USD sentiment is positive. If you like...
USD/CAD Respected the Support area and continuing with bullish movement, expecting a quick 2 risk reward here. I'll keep you up-to date with the trade and update this idea
This count is based on my assumptions so anything can happen not a trading or financial advice just for educational purposes only kindly do your own ta thanks trade with care good luck.
Long USDSGD playing this as an sbo USd looks strong across the board and this was probably the best set up testing the daily 50 and price action is making obvious HH/HLs
Large cup and handle on DXY long term charts. This gives a price range up to $116 for USD.
OK, that's creepy to me. On this long term chart we see that price respects the Pitchfork very nicely. But that's not creepy, that's what I see day in and out. But here it comes: IF this is a monster Bull Flag we see in the grey shaded area, the USD will explode to the upside in the comming months. That means, that with the higher and higher inflation in the...
Worst national debt in history topping $30 trillion USD. Pandemic damages still lingering and causing shadow of doubt. Global tensions of war add and economical sanctions hurt tech companies, import, export and more. The only shining fundamental light is interest rate hikes. .50 or .75 or 1 percent make very little difference when the economy revolves around...
Break and trade above 2860 would signal a long as this would validate a trend break and a HL creating a HH. Look to enter on wick down/retest of first resistance. Happy Trading :)
The Dollar follows the DXY. With that said: Trade Accordingly. Remember #KeepItSimple The Forex market has 3 moves: Up. Down, and Sideways. The Forex market moves for two reasons: To fill imbalances and liquidity. The Market makes money in Consolidation. We make money in the Trends. The fundamentals all point to a strong Dollar right now with rumors of a...
The British pound continues to come under selling pressure as the UK grapples with high inflation, caused by high energy prices, supply chain issues, and a cost of living crisis forcing consumers to lose confidence in their future economic prospects and drastically cut back on spending. The UK economy is expected to fall into a recession, whilst a recession in...
The price of Gold might go down further, if we see it is going back to the box. Buyers should prepare to buy Gold at the lowest price