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Currencytrading

Can The Dollar Push Higher? Hey traders, welcome back. The dollar is increasing heavily to the upside as I make this video. Now we don't know how price will close but it is important to watch how she closes today. If price continues this could affect the major currency pair market in a mighty way. All Base dollar pairs could continue to increase while Quote dollar pairs could continue to decrease. It's a patience game right now, but may be one to play if you have the right hand.
TVC:DXYLong
by ShaquanLopez
2
USDJPY: Thoughts and Analysis Today's focus: USDJPY Pattern – Ascending Triangle Break (BoJ Intervention?) Support – 149.28 - 148.43 Resistance – 149.90 - 150.16 Hi, and thanks for checking out today's update. Today, we are looking at the USDJPY on the daily chart. Speculation continues as to whether we will see intervention from the BoJ as the USDJPY continues to trade above 150. Currently, the breakout of an ascending triangle pattern yesterday continues to confirm today as buyers continue the run above 149.90 resistance and 150. Pricewise, things look firm on the buyer side, but will we see any surprises today with BoJ intervention? Last time price was above 150, we saw a 1.75% decline. Could another round be on the cards if prices contnue to push higher? Good trading.
by Eightcap
AUDUSD: Thoughts and AnalysisToday's focus: AUDUSD Pattern – Support hold Support – .6285 Resistance – .6425 Hi, and thanks for checking out today's update. Today, we are looking at the AUDUSD on the daily chart. Currently, we are watching price from 6285 support; if this level can hold and the USD continues to push lower, we will look for further upside from the AUDUSD. If buyers can get a mini run going, we see 6425 as the first resistance. If sellers can break today's rally and move below support, this could set up a new leg lower that could test lower 6200 areas if seller momentum can get going. Let's see if buyers can continue to hold 6285 support. Good trading.
by Eightcap
USDPLN Breakthrough: Rally Ahead or Resistance at Play?The rising USD against PLN has finally broken through its descending trendline. This strength in the dollar can be attributed to rising bond yields (amid an unmoved Federal Reserve) and the prevailing economic challenges in Poland and the European Union (recessions). On a technical note: The USDPLN pair has successfully broken out of a descending trendline on the daily timeframe that was evident since October 2022. Post breakout, a retest of this trendline occurred and the pair has since persisted in its upward journey. When zooming in to the 4-hour chart, the upward trend remains unblemished. However, a key observation here is our current position relative to the 'overbalance' level, which stems from February's bullish correction phase. Should the USDPLN manage to breach this overbalance threshold, we could be looking at potential resistance in the 4.27 - 4.33 region. This zone not only houses the 200-day moving average but also coincides with January's previous low and the 38.2% Fibonacci retracement level. #USDPLNAnalysis #ForexTrends #BondYieldImpact #TechnicalBreakout #FiboWatch #CurrencyTrading #EuropeanEconomyInsights
Long
by formaaaa
DXY with a brief consolidation. What is next?We witnessed DXY tap the weekly Volume Gap it had towards the downside. and immediately spring up with an internal market structure shift. is it enough? Price is consolidating here in this area and tho it might seem that further downside is in play we must tread carefully since there are looming wars and conflicts around the world. what does this mean for DXY? The US Dollar being the current International currency in times of turmoil, most flock towards its perceived safety. Do not be surprised if out of nowhere Dollar springs up. Just keep a close eye since this will affect currency pairs and equities alike.
CAPITALCOM:DXY
by JP_Tru
GBPAUD: Thoughts and AnalysisToday's focus: GBPAUD Pattern – LH Trend continuation Support – 1.8935 Resistance – 1.9185 Hi, and thanks for checking out today's analysis. The GBPAUD daily is today's focus. What has our attention is the possible continuation that's setting up. This looks to be a bearish continuation at this point, but we want to see price hit a new lower low for the week to show seller strength. The moving average is sloping down, and the RSI trading below 50 supports sellers, but we still need to see price confirm the move. If buyers can close the above 1.9185, this starts to cancel out this short idea. If sellers can get the move going, we will look to 1.8951 as a potential key resistance area (buyer support). Good trading.
Short
by Eightcap
USDCHF: The top isn't in most likely. 1D MA200 ahead.USDCHF has been rising non-stp since the July 18th bottom on 0.85555 (S1). The 1D outlook is on straight bullish technicals (RSI = 61.656, MACD = 0.005, ADX = 40.729) and as the 1D MA50 has been turned into Support, we expect the rally to peak within the 1D MA200 and the inside LH trendline. That would be as close to the top of the twelve month Channel Down as possible. We will wait until a LH trendline is formed on the 1D RSI, which preceded every sharp selling and was the ideal short signal. Target S1 (TP = 0.85555). Prior idea: ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
by InvestingScope
2
CADCHFNot too long ago I had published an idea about the $FX:CADCHF. Go check it out! However, I never took my eyes off of it, and due to that it made me dig deeper from a higher perspective... I came to the conclusion that this particular pair recently experienced something that's more than likely going to shift it's momentum for some time. My reasoning.. Daily: 1. P.A. swept EQ highs 2. V shape pattern (bull's favor) 3. Bullish market structure Weekly: 1. Strong bullish momentum after lowest point in the market. 2. Demand formed (untouched) 3. P.A. is set to reclaim a previous key level to the upside. 4. Triple key lows swept (liquidity grab) Monthly: 1. After break of current L.H. (0.6898) the trend flips. 2. P.A. hit lowest levels in the market a couple months ago. For these reasons I am bullish. Even though this isn't a currency pair I track & trade, this is me making an exception. I am publishing this for me, personally, but feel free to tag along if you like! P.S. If ever curious about anything, ask.
Long
by ChrisJTradesFX
2
EURUSD: Oversold RSI at the bottom of the Channel Down.EURUSD reached the bottom of the six week Channel Down, completed a -2.70% decline such as the previous one and turned the 1H RSI extremly oversold (RSI = 17.487, MACD = -0.002, ADX = 31.778). This is a low risk chance to take a short term buy to the top of the Channel Down. Our target is, as with the previous rebound, the 0.618 Fibonacci level (TP = 1.08250). ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
Long
by InvestingScope
2
GBPUSD: Analysis and ThoughtsToday's focus: GBPUSD Pattern – LH low test Support – 1.2456 Resistance – 1.2510 Thanks for checking out today’s update. Today, we have run over the GBPUSD, breaking down the overall price picture and levels and incorporating moving average and RSI into the analysis. The GBPUSD continues to push lower after yesterday’s session. Price created a new LH and has moved back down to a minor level of support and started to test that area today. Sellers could be looking at a new leg lower if they can clear that area with a firm close lower. The RSI has moved lower and remains below the 50 point. The moving average also backs up seller momentum with its current slope. If buyers can reject a push lower with a failed low, that’s a worry for seller strength. To show sellers are in control, we would like to see a new firm low and further selling, possibly testing 1.2365. Have a great day and good trading.
Short
by Eightcap
EURJPY: Thoughts and AnalysisToday's focus: EURJPY Pattern – Range support test post LH trend break. Support – 157.05 – 155.85 Resistance – 158.40 – 159.40 (area) Thanks for checking out today’s update. Today, we have run over the EURJPY, breaking down the overall price picture and levels we are watching. The JPY has started the week on a strong note with solid gains so far to the EUR, GBP and USD. The GBPJPY is also showing similar signs to the EURJPY, but we zoned in as there have been a few price signals in a row that could be backing up a new move by sellers. Sellers continue to test the range bottom after breaking the fast trend and setting up a new lower high around 158.40 resistance. From here, if sellers are going to try a new run, we would like to see a decent to strong close lower that beats the range and 157.05 support base. Then, we will look for a new move lower that could test 155.85 or below. If price can fight back and close back above 157.05, this could be a sign that seller strength might not be that strong. Have a great day and good trading.
Short
by Eightcap
USDCAD: Best sell signal since March.USDCAD is trading inside a Channel Down pattern that has almost completed 11 months of trend. The technicals on the 1D time-frame are overbought (RSI = 70.266, MACD = 0.007, ADX = 57.395) and that enhances the sell sentiment as the price approaches the top of the Channel Down. The previous LH was priced a little over the 0.786 Fibonacci level. The formation of a Bearish MA50/100 Cross was after the top was in and technically we are only a week away from the new formation. Consequently, we treat this as a sell opportunity, waiting to sell on the 0.786 Fibonacci, targeting the 0.118 (TP = 1.32000) as the April 14th low. ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
Short
by InvestingScope
4
GBPJPY: Rejected at the top of the 2 year Megaphone. Sell signalGBPJPY hit the HH trendline of the two year Megaphone pattern and that has so far put a pause to the uptrend. The 1D timeframe has turned neutral (RSI = 52.182, MACD = 0.480, ADX = 25.579) and is supported by the 1D MA50. The MACD formation reveals that the pair could be ahead of a 0.382 - 0.236 Fibonacci correction as in June/July 2021. As a result there are higher probabilities for a short term sell. We are targeting the 1D MA200 not lower than the 0.382 Fib (TP = 177.000). ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
Short
by InvestingScope