FX:USDCHF
greenback correction against swissy with the release of US business economic data.
ISM - Non Manufacturing PMI ( March 2022)
Actual : 58.3
Expected: 58.4
Pervious : 56.5
FX:GBPUSD
The pair's consolidation area is between 130.6 - 131.6
A few days ago, forecast of this pair's movement was sideways tending to be bearish. And that view has not changed, as there has been no significant economic progress between the two pairs.
GBPUSD is likely to move down when the Fed raises interest rates in May.
DXY has been trading in nice uptrend since beginning of June - Bouncing a number of times off its upward sloping support. Last week Friday saw the massive break through lateral resistance at 97.80 & successfully re-tested and held on Wednesday = bullish. As long as 97.80 holds, the next area of resistance is around the 100 handle. However, through 97.80 brings...
we can see the price has showed some resistance and felled off back to its bearish trend but yet we have a heavy Accumulation zone at 88-90to which market has already showed some reaction and it stood as a support area, we may have some retrace back up to the 38% or 50% of current bearish wave Fibonacci levels and then heads down to the -61.8 of the same wave...
Hello Traders
Here is a new SELL Scenario, Federal Reserve 'on track' for tapering asset purchases.
For a longer term, it can reach 1.15 and 1.14 for a quarter if you are patient.
💹EUR/USD SELL STOP
✅ Entry @1.16300 or below
✅TP-1# 1.16200
✅TP-2# 1.16000
✅TP-3# 1.15800
✅SL# 1.16800
Source : www.actionforex.com
JamdeJam will not accept any liability for...
DXY is currently sitting on important historical support - 93.806, starting Wednesday's Asian session.
Yesterday minor support at 93.470 hold good.
Leaving DXY back at the bottom of Septembers´ ascending trendline
This ascending line seems pretty strong still, if it holds, further gains to the upside are to be expected, having the top of the last 15 days range...
It seems a timely choice to update the dollar chart. Extending the characteristic positioning in the previous euro chart, seems to me to be more in accordance with the needs of 93.75 - 94.00 holding and acting as a reliable guardian for the remainder of August and September, but the threat to an attack higher is real.
In the DXY chart, buyers will need to...
A quick round of illustrations to review the swings in euro...
The idea of the swing; we are mapping bids and offers, no more no less. Two battlefields, the wings are what we attack on and the centre is where we begin to clear (into thrusts and etc).
Lets start with the Yearly chart for our macro direction:
Very clear the base has been attacked previously...
Looking to buy GBP against the green back in an area of support zone where market has tested the zone a few times already, Shorting doesn't make sense until the trend has indeed changed and reversed which so far is not the case so we will look to buy around 1.4080-1.4090 with stops under 1.4060 and targets @ 1.4180 & 1.4240
The DXY is currently testing the 61.8% Fibo retracement level at 90.830. A failed break below will allow the DXY to retrace into the range between 91.822 to 92.437. The MACD is showing early signs of rolling over, the RSI is nearing the oversold zone and the stochastic indicator is consolidating in the oversold zone.
1. Fundamentally the dollar will be at the...
Hello,
US yields still has a chance to remain the number one topic.
If so, the pair has a chance of continuing their gains towards 111.70, with two targets at the lower levels.
Risk factor: cooling down of market sentiment due to China / Taiwan and Russia / Ukraine + covid
Buying dips toward 108.65 / 60
Stop below 108.34
Target 1: 110.45
Target 2:...
PA has gotten to a major level of structure where price has reversed multiple times with significant pushes to either side of the market, I'm willing to let price action set itself of for a Long opportunity for this upcoming week and next, possible 2 week hold if price decides to respect the swap lv. and Bulls enter this pair with the same kind of force.
After clear price action showing us that the market is breaking higher highs along with local areas of resistance we look for the next push up that's the 2nd wave. This is an aggressive but optimal trade respecting the 3:1 ratio for risk-reward.
Buy the dip.
Just wait for that buy signal to fire and go long. Additional confirmation is the macd cross while stock stays above 200ema. Cheers! Grow!
“In forest ecology, canopy also refers to the upper layer or habitat zone, formed by mature tree crowns.”
Continued fiscal stimulus will boost US bond yields and then eventually also the US economy in 2021 relative to its peers, increasing the relative attractiveness of the US dollar versus some of its major lower growth, lower-yielding peers (such as EUR, GBP and JPY). Higher US growth in 2021, and perhaps a faster than expected pick-up in inflation, might encourage...
Hi,
dollar shorts almost at record high, US yields higher and stocks doing relatively well for now
Buying dips 0,8900/8880
Stop below 0,8840
Target 0,9080
Good Luck
