In this video, we look at the U.S Dollar's current strength against the Mexican peso and South African Rand being caused by rising U.S Government 10 Year Bond Yields.
The trends remain firmly in play for more dollar weakness, and potentially additional selling opportunities for both currency pairs.
Hey tradomaniacs,
after NEWS from Germany and EUROPE EURO has created as nice pump and fres high.
Now with the retest of the previous support we see a nice chance to SELL DXY if the dovish monetary policy if the FED will continue.
AAs market prices in a stimulus we might see a nice drop here!
WATCH OUT FOR VOLATILITY DURING FEDS STATEMENT!
Trade update for a short sell recommendation on the DXY (U.S Dollar Index)
The Dollar is structurally weaker across the markets based on the following fundamentals.
1.) Lower interest rates in the U.S no longer makes the U.S Dollar an attractive high yielding currency.
2.) Negative $1trillion current account balance.
3.) $2 Trillion Fiscal stimulus package in...
Here we look at how the Euro makes up 60% of the U.S Dollar index and how historically the moves in EUR/USD drives the performance of the DXY.
EUR/USD is just under the key resistance level $1.20 as the DXY is sitting at a key support level 92.00.
A firm brak above £1.20 in EUR/USD will be the catalyst for the DXY to break below 92.00.
This offers us two trades...
We have a sell set up for the USD/NOK as higher oil prices support the commodity-linked Norwegian Krone.
We look at entry price, stop loss strategies using volatility analysis.
We take a closer look at why the U.S Dollar is getting weaken on a fundamental level first, to then understand the NZD/USD upside momentum that has now broken a key technical resistance and offering a buy side opportunity.
We take a closer look at the US Dollar Index and the makeup of currencies within the basket.
If you don't want to trade the Individual US Dollar currency pairs we can sell the Index as the Dollar continues to weaken across the currency pairs that make up the Index.
We look at entry price strategies below a key technical support level 92.00
The scenario above is an incredibly bearish macro trend I have noticed in the US Dollar Index.
The base trendline shows a convincing downward trend that has been forming since the start of the 1980’s.
Peak 1 shows us that the strength of the USD was at a peak of 164.72 in March of 1985, representing a +94.37% increase that occurred over the course of 1,796...
In this video I chat about the evidence that shows the US Dollar is in a bear market.
Now that we are seeing the B wave take shape we can begin to anticipate future price action.
Check out some related ideas below.
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I have set two pending at key levels I want to see price trade back into before adding more Long positions on Silver.
Please be mindful we do have some news in the NY sesh for USD which is when i expect to see these levels run. Both of these positions offer great RR. Don't forget Silver is known for rape spikes so don't get caught with your pants down.
Here are...
OK whilst we are at the waves and loving them.
Let's pay homage those out there that like to risk big money :)
See my related ideas below where I do it AriasWave style.
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