This is bad for all against US dollars. Particularly againts bitcoin. Dollars is bullish.
The DXY is approaching a ket level of resistance. The Fed is clearly a dove in a hawks disguise right now. They cannot crater the equity markets by rapidly increasing interest rates so they are choosing their words carefully. The Fed will likely increase rates 4 times this year, but they do it slow and steadily. I believe the DXY is overvalued and could be due for...
USDCHF long after professional buying and a test VSALite Trade strategy using the Tradeguider VSA Lite software. Papertrade on Tradingview, placing the trade with real money on Activtrades (FX Markets). Checklist: • Signal of professional buying at 09:30 19/11/2021 • Successful test at 20:30 19/11/2021 • Stop placed at 0.9240 • 4 consecutive short term...
DXY (Dollar Index) on a monthly chart. We are at the long term line of S/R (Support and Resistance) and depending on which way it moves it will definitely show what will happen to the different market (stocks, crypto, housing, etc). It's interesting to see the parallel channel formation and the trend line it is walking on since 2008. What are your thoughts?...
This is a short term 4H long trade as we expect dollar to appreciate in value as the FOMC is expected to announce the tapering of the QE Program this week. The ISM manufacturing PMI at 4 PM GMT will be the key catalyst of this trade if it comes out POSITIVE and beat the market expectations. However is at 4 PM GMT the Manufacturing PMI comes out positive without...
The looks to me to be showing signs of weakness against the dollar with a further move to the downside
Most traders and investors discussed and likes Double price check on bottom and top side, one advantage it reduce the risk while margin traders use SL. I also experienced and convinced double edge rewards better or we can react better instead to predict the price. We can see RSi divergence too or another confirmation in long run. Nothing can stay same and after...
Hello Traders! This technical setup is backed by potential more dollar strength as FED turned hawkish, inflation is not seem transitory and rates should be raised. This means a risk-off or others call it risk aversion environment which means safer currencies are more appreciated than the higher yielding commodity based ones. Have a great day! Vitez
Hello Traders! Upcoming dollar strength as fed turned hawkish with rates and inflation is not seems transitory. Levels Labelled. Have great day! Vitez
US FED's New Policy Shift & Medium-term Dollar Strength Wednesday's meeting by the FED has proved true that the FED is making a new monetary policy shift to normalize sooner than later, to reducing the size of the balance sheet ; and, this action that will send yields higher. This has brought strength into the USD. Thus, USD with strength being signaled, I a...
Chairman Powell to testify before congress June 22, 2021 @ 2 pm. Looking for dollar strength as a result of his testimony. Also a continuation of dollar strength caused by FOMC projections from last week, Wednesday June 16, 2021.
Technicals: Price is testing the resistance zone, which is also in line with the fibonacci confluence area found. In terms of market structure, prices broke below the market structure and we could see further downside here. Take profit target would be based off the -27% and -61.8% retracement that was taken from the last move. Fundamentals: Market risk...
Hello! Crypto crash causes a risk off sentiment in the markets, momentum lowers, dollar is in a great position to be technically stronger. Levels labelled. Have a great week! Regards, Vitez
if price rejects this trendline I will short it. if price breaks I will look for next high to sell
Damnn guys! Are we going for over 90% success rate on this channel? :)) Intraday long on XAU/USD was off by a couple of pips, but if anybody followed the signal then nice profits should have been secured with trailing stop loss (1757>1755). Now we're back to the original short swing signal posted last week. Aiming for a TP somewhere in the 1600-1570 zone. Now, I...
My first analysis of something other than gold! Monthly chart of EUR/USD shows a big downward momentum with next stop at 1.16100. Feel free to share any thoughts!
The Dollar index is something I've been grappling with for a while now. I bought into the narrative of a weaker dollar index particularly in light of the mass printing of money by the FED. Surely inflation must be a consequence of the monetary policies that we are seeing...? It just makes so much sense that we see a cheaper Dollar. But the macro people disagree...