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Dolar

USDTRY - Get Ready For A Bullish BreakoutUSDTRY counted red 9 according to Tom Demark count. After red 9 we expect a trend reversal. Weekly Stoch RSI is at historically low levels. Bollinger Bands are very narrow at the daily chart. I expect a bullish breakout within this month. Major resistance areas are: 5.33 (daily MA20), 5.43 (fib 0.5) and 5.72 (weekly MA20). Major support is at: 5.05 (fib 0.618) Here is my long term trading idea: Long at: 5.20-5.22 Take profit levels: 5.30 - 5.41 - 5.70 Stop loss: 5.00
Long
by EylemCulculoglu
A great opportunity to buy in Turkish Lira.Midterm forecast: There is no trend in the market and the price is in a range bound, but we forecast an uptrend wave above 5.0000 would begin in Midterm. We will close our open trades, if the Midterm level 5.0000 is broken. Technical analysis: While the RSI downtrend #1 is not broken, bearish wave in price would continue. Price is below WEMA21, if price rises more, this line can act as dynamic resistance against more gains. Relative strength index (RSI) is 33. Trading suggestion: There is a possibility of temporary retracement to suggested Buy Zone (5.51550 to 5.19000). if so, we would set orders based on Daily-Trading-Opportunities and expect to reach short-term targets. Beginning of entry zone (5.51550) Ending of entry zone (5.19000) Entry signal: Signal to enter the market occurs when the price comes to " Buy zone " then forms one of the reversal patterns, whether " Bullish Engulfing ", " Hammer " or " Valley " in other words, NO entry signal when the price comes to the zone BUT after any of reversal patterns is formed in the zone. To learn more about " Entry signal " and the special version of our " Price Action " strategy FOLLOW our lessons : Take Profits: TP1 : @5.6870 TP2 : @5.9015 TP3 : @6.2090 TP4 : @6.4820 TP5 : @6.8320 TP6 : @7.0000 TP7 : @7.1200 TP8 : Free
Long
by ForecastCity
4
BoC on Deck this month ... fading corrective rallies in USDCAD=> We still maintain our USDCAD short position from earlier in the week and recommend selling all corrective rallies here ahead of the BoC rate hike widely expected this month. => Although the rate hike is expected this trade is far from crowded and we see incoming data to keep the BoC on track with tightening monetary policy. => Odds of any hikes are close to 90% probability (in other words it is a done deal) which makes complete sense considering that the decreased political uncertainty allows the BoC to completely focus on better fundamentals when setting policy (a rarity in this world...) => We are expecting payrolls to reach 195k and average hourly earnings expected to come in at 2.9% YoY. => Markets are expecting a better outcome, especially considering the price action we've seen in US yields and the USD via ADP and ISM employment components. => Good luck all trading this live
by ridethepig
1
SEK remains a very cheap G10 currency=> We are eyeballing a break of the current range to the downside here in EURSEK => Our targets are 10.00x with stops above the 76.4 fib at 10.600x => This is a very technical play in an environment where SEK valuations are attractive to say the least. We've done superbly well in our USDSEK shorts so far despite the broad based dollar strength and we see SEK benefiting from a more hawkish ECB in the coming sessions. => The Riksbank has breathing room on the monetary policy side after turning more hawkish in the past few weeks with even the most dovish members accepting that hikes are necessary. => Best of luck all trading this one live
Short
by ridethepig
XAU/USD daily overviewThe gold price appreciated 0.19 % since Friday’s trading session. On Monday, the yellow metal was located below the monthly pivot point at the 1,185.75mark. In regards to the near-term future, most likely, the yellow metal will move downwards to the bottom boundary of the pattern due to the resistance of the 55-hour simple moving average. It seems that the rate will bounce off the pattern line to trade at the 1,182.00 level on Monday. In addition, if the gold will pass the pattern line, most likely, the yellow metal will be stopped from the decrease by the monthly S1 at the 1,178.08 level.
FX_IDC:XAUUSDLong
by UnknownUnicorn890690
1
USD/JPY daily overviewThe US Dollar appreciated 0.66% against the Japanese Yen since Friday’s session. On Monday, the US Dollar was located above the trend-line near the weekly R1 at the 113.98 mark. In regards to the near future, the rate will surge to the weekly R1 at the 114.13 mark but should bounce off it due to its resistance. Most likely, the rate will move back to the pattern to trade at the 113.60 level during the day. On the other hand, the might break the resistance of the weekly R1 at the 114.13 level to move upwards to the weekly R2 at the 114.56 mark.
Long
by UnknownUnicorn890690
GBP/USD daily overviewThe British pound depreciated 0.20% against the US Dollar since Friday’s session. On Monday morning, the rate was located above the monthly PP at the 1.3046 mark. In the near-term future, most likely, the rate will surge upwards to the weekly PP at the 1.3083 mark but will bounce off it due to the resistance of the 55-hour simple moving average. It seems that the British pound will trade at the 1.3040 level during the session. On the other side, the rate might break the weekly PP resistance and ignore the resistances of the simple moving averages to trade at 1.3100 level on Monday.
Long
by UnknownUnicorn890690
A Long-term Trading Opportunity to Buy for RequestNetwork Technical analysis: .REQUESTNETWORK/DOLLAR is in a Range Bound and Beginning of up trend is expected. .The price is below the 21-Day WEMA which acts as a dynamic resistance. .The RSI is at 40. Trading suggestion: There is a possibility of temporary retracement to suggested support zone (0.152 to 0.076). if so, traders can set orders based on Daily-Trading-Opportunities and expect to reach short-term targets. .Beginning of entry zone (0.152) .Ending of entry zone (0.076) Entry signal: Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns, whether "Bullish Engulfing" , "Hammer" or "Valley" , in other words, NO entry signal when the price comes to the zone BUT after any of reversal patterns is formed in the zone. To learn more about "Entry signal" and special version of our "Price Action" strategy FOLLOW our lessons: Take Profits: TP1= @ 0.211 TP2= @ 0.298 TP3= @ 0.390 TP4= @ 0.553 TP5= @ 0.686 TP6= @ 1.006 TP7= @ 1.245 TP8= Free
BINANCE:REQUSDLong
by ForecastCity