I will be waiting for a good opportunity to take long position at around 0.740000.
USD continuing its bearish trend.
COVID 19 Cases and RBA cash rate possible to remain same leaving AUD value unaffected.
Based on USD weakness, I am in bullsih bias of AUDUSD.
Once price reaches my buy area, I will be watching price action on LTF to take buy entry.
Silver after having the redit false short break out has consolidated and not completed regetted the test, means that their are buyers in the market... at least has to test the highs again before it rejects the high or breaks higher, risk reward high here stop at 26.8, play for previous highs 29.00ish area. cut half long, bring stop up one near highs
We've seen a very weak dollar through Asian and into London. We may be seeing a test of this 4HR key level we spoke so much about prior to the break. Will we find support at this level or will this bearish momentum be too strong for the buyers sitting at this level?
We look at the USD/CAD short sell set up I posted a few weeks ago.
There are three key fundamentals driving the dollar lower at this time.
1.) Negative Interest Rate Differential
2.) Negative Current Account Balance
3.) Broad U.S Dollar Selling Across The Markets
2.) Higher Oil Prices (Positive for CAD)
We look at technical analysis entry strategies and ATR 1...
We take a look at why the U.S Dollar is structurally on a bear trend against the High Yielding Emerging Market currencies.
Two factors are going against the U.S Dollar.
1.) Low-interest rate differentials
2.) Negative Current Account Balance + Increased Fiscal spending increasing this problem for USD.
These four setups are popular trades across investment...
We have hit our mid-week analysis for this trading, USD is still showing us signs of further weakness, possibly for further weeks to come.
What Is The Market Telling Us?
We've been in a healthy downtrend for 3 weeks now, market is showing no signs of a reversal as our trend resistance is being respected
Trendline resistance is being respected...
With the FOMC deciding to keep its interest rate at 0.25% as well as keeping its printing of money at $4billion per day for the next few months, its given investors a dovish sentiment on the USD, this means that the dollar will be dropping as Gold rises on the other hand. We will be looking at how fundamentals play a part in the market for todays...
The EUR/USD on the 4-hour time frame has been following an uptrend recently. The pair broke above the 1.1400 level on 20 March and registered the highest level of period under study at 1.14477. The recent jump in the price came after Federal Reserve left interest rate unchanged. Fed also projected no interest rate hike in 2019. The price jumped from 1.13471 to...
The DXY is @ a level that could cause some weakness for the dollar. I will be watching the DXY to see how it affects my long USDCAD trade from this morning. I have identified the 2 levels that I am watching. This is not a trade idea just an observation.