Due to an interest in the potential bullish price action in the Aussie dollar I thought it would be a good idea to analyze this chart at the smaller degree.
If this analysis is accurate, then we should see the US Dollar fall from current levels.
This will likely also pull crypto prices higher: eventually.
Of course, we are dealing with probabilities anytime we...
US Dollar index at a huge level of resistance so may give a push down to back the other currencies I'm looking at trading, USD index to push down would give EURUSD a nice upside move! Also a weaker US dollar will back my short bias on USDCAD. Anyone that doesn't use these index's as a reference I think should, it gives a good indication of how that currency is preforming.
Fundamentals
Today's Russian inflation data could increase market bets of an interest rate hike by the Russian central bank in August.
Against low-interest-rate yielding currencies like the U.S Dollar and Euro, we could see a stronger Ruble as long as the risk of U.S sanctions on Russia does not persist.
Key Points:
Russia’s inflation currently stands at...
EURUSD is starting to look bearish, . I will be waiting for Price action to develop a bit more before I look at executing a high probability trade. Follow us more forecasts and trade setups.
In this video, we look at the U.S Dollar's current strength against the Mexican peso and South African Rand being caused by rising U.S Government 10 Year Bond Yields.
The trends remain firmly in play for more dollar weakness, and potentially additional selling opportunities for both currency pairs.
Trade update for a short sell recommendation on the DXY (U.S Dollar Index)
The Dollar is structurally weaker across the markets based on the following fundamentals.
1.) Lower interest rates in the U.S no longer makes the U.S Dollar an attractive high yielding currency.
2.) Negative $1trillion current account balance.
3.) $2 Trillion Fiscal stimulus package in...
Here we look at how the Euro makes up 60% of the U.S Dollar index and how historically the moves in EUR/USD drives the performance of the DXY.
EUR/USD is just under the key resistance level $1.20 as the DXY is sitting at a key support level 92.00.
A firm brak above £1.20 in EUR/USD will be the catalyst for the DXY to break below 92.00.
This offers us two trades...
We have a sell set up for the USD/NOK as higher oil prices support the commodity-linked Norwegian Krone.
We look at entry price, stop loss strategies using volatility analysis.
We take a closer look at why the U.S Dollar is getting weaken on a fundamental level first, to then understand the NZD/USD upside momentum that has now broken a key technical resistance and offering a buy side opportunity.
We take a closer look at the US Dollar Index and the makeup of currencies within the basket.
If you don't want to trade the Individual US Dollar currency pairs we can sell the Index as the Dollar continues to weaken across the currency pairs that make up the Index.
We look at entry price strategies below a key technical support level 92.00
In this video I chat about the evidence that shows the US Dollar is in a bear market.
Now that we are seeing the B wave take shape we can begin to anticipate future price action.
Check out some related ideas below.
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In this important timely Wave Revision I break it all down using my latest analysis techniques.
From the beginning of the chart until the end the detail is greater than ever.
Complete with entry levels which have been triggered today.
Today is a good day to be a follower of the AriasWave analysis methodology.
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