Hi Everyone, As you would be aware tonight is non farm payrolls and this means we are about to see the next movement for US dollar pairs and the index. Will the 20 moving average on the weekly hold it down similar to last time? Good luck and see you all tonight live on You Tube! Happy Trading, Tom
In this video, I look at the future direction of the Dollar across the forex market. Where is the dollar heading as a whole against all the other currencies? Looking at the Dollar Index chart there is a clear direction. Let's find out. If you like the video please hit the like button and also subscribe to my youtube channel for more videos. If you'd like...
The biggest risks to financial stability in 2020 revolve around geopolitics and trade. Part of the reason why people are getting bullish is the idea that a lot of the grey clouds are starting to get answers and the year 2020 could be when we get the answers, But political events make trading difficult, especially when it comes to the pricing of risks, we...
Gold prices are higher in midday trading Monday, but have backed well down from the overnight nearly seven-year high of $1,590.90, basis February Comex gold. Today’s low-range close hints that the gold bulls have run out of gas on a short-term basis and need a rest, or pause. Meantime, silver futures scored a more-than-three-month high of $18.55, basis March...
UPDATE-We have Trailed our stop loss At $1540 hence locking our profit within the Gold Latest trading Position(Long entered at 1515). We would recommend our clients to do the same. We expect 2020 to be another year of significant volatility, uncertainty and Turbulence as there are numerous things which could affect the market this year.U.S-China trade war,...
UPDATE-We are Trailing our stop loss At $1540 hence locking our profit within the Gold Latest trading Position(Long entered at 1515). We would recommend our clients to do the same. We expect 2020 to be another year of significant volatility, uncertainty and Turbulence as there are numerous things which could affect the market this year.U.S-China trade war,...
DXY USDCAD USDJPY EURUSD GBPUSD GBPCHF EURCAD GOLD
Let me know what you think
USDJPY could see another leg higher as the JPY continues to weaken. Price on the daily chart suggests further upside with price forming a bullish flag pattern on the 1hr chart currently. A break higher could lead to price heading towards the 111.80 resistance.
EURUSD is back into the key weekly lows and with the USDX at resistance, we could see some short-term weakness in the USD pushing EURUSD prices higher. If the market forms any bullish price action here we could see the market head towards the 1.1300 level. Our idea will be invalidated if price breaks and closes below the lows at 1.1177.
Expecting USD weakness to come to the markets today or tomorrow.