Long-Term US Dollar Movement Analysis vs US Election 2020 Trump - Biden
The important point you need to know long-term US Dollar is still on the Bearish Trend
1. Economic prospects and current inflation cannot be raised back to higher interest rates
2. The Federal Reserve cannot stop inflation at the level they want
S&P 500 Futures keeping Friday’s upside momentum to 3,480.
During the weekend, news broke the US House Speaker Pelosi turns down Friday’s proposal from Trump, concerning the coronavirus (COVID-19) aid package worth near $1.8 trillion. This pours cold waters on expectations of further stimulus from the US government.
Technically, price is heading towards out of...
Spike in buying pressure seen during the weekend, the increase in BTC demand was significant enough to push it higher.
Technically, we are looking on the uptrend channel and targeting price to break again above $12k towards upper line major resistance.
Technically, price reverse upon hitting upper line resistance level and moving towards median support. Long-term trend quite choppy with no direction hovering sideline.
We are looking at downtrend channel and targeting price to hit next support level at lower line major support.
Like most of the major pairs, Aussie move seems strong than others recovering after massive drop on Sept and pullback from July low.
Technically, we are looking at uptrend channel and price going to hovering around median and either moving towards upper line major resistance or reverse back towards lower line but with US Dollar weakness much likely a stronger aussie
Pound inch higher despite US Dollar weakness with upside momentum staying above 1.3000. Stay alert on UK PM Johnson up for Australia-style trade deal if there’s no deal by October 15
Technically, price heading towards uptrend channel looking to touch upper line major resistance but with high volatility price structure made seen last week, kindly be cautious...
Bias will remain bullish held above Friday's low, after breakout upper line major resistance downtrend channel.
Technically, this week we are looking at out of the box setup which price is moving higher towards fibo resistance 3.82
Technically, price hovering around median line and also breaking above targeting towards completing it cycle at upper line major resistance
Hovewer, it might sideline around median before edge higher this week and gold is moving in lockstep with the US inflation expectations, which have risen back to highs seen in August.
Fundamentally, last week US Dollar edged lower on news indicating a possible resumption of US stimulus talks.
Technically, this week price heading towards inside downtrend pitchfork channel. indicating strong bearish although long term we are looking at range trading since August drop but however on the weekly charting expecting further drop towards median major support.
Technically, choppy trend a sideway trading thru out the previous week and this week S&P 500 Futures regain 3,350, up 0.80% intraday, after declining on Friday.
Price still intact inside the pitchfork channel, we are targeting bullish move towards major resistance upper line level and might break above it with a confirm of double bottom pattern
Bitcoin recovery hovers on the horizon held above support at $10,400.
Technically this week, we are looking at an uptrend channel movement towards $11,000 hit back towards median and upper line major resistance with the current weakness of US Dollar
The US dollar is facing selling pressure. West Texas Intermediate (WTI), the North American oil benchmark, is flashing green in response to President Trump's doctors' comments that he could be discharged from coronavirus hospital as soon as Monday.
Technically, price is heading towards inside pitchfork channel and trend still look likely a sideways but this week...
Technically, price is trading out of the box and we are expecting trend towards bearish with the current oil prices recovery.
Targeting to break fibo support towards 3.82 major fibo support level, RSI conditions also not oversold, sellers are likely to hold the reins for a bit longer.
Technically, price lack of direction still on sideways trading after made a reversal at 104.00 entering back into channel.
We are looking at price is above the median line and targeting to move towards upper line major resistance. USD/JPY is steadily inching higher, now testing the daily highs at 105.61, up 0.25% on the day.
AUD/USD consolidates the recovery below 0.7200 following Friday’s downbeat performance. US President Donald Trump's recovery news combined with the improvement in the Australian NAB Business Survey lifted the overall market sentiment.
Technically, price has made into inside pitchfork channel and currently hovering resistance median line. We are looking at a...