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Dollar

XAUUSD 11/8/24Following up on gold this week, we have an area of demand relatively close to the current price action, near where it ended last week. We believe this area could be tested, and if so, we’ll look for either a decisive push back up or a failure. We are strongly bullish on gold and believe it is likely to run higher, aligning with the institutional liquidity moving in the form of trendline liquidity. We could see a sell-off near the high to encourage sellers to place their stops above it. Overall, we expect the high to be breached. If we don’t reach this high and instead pull back lower, we will look for buying opportunities near the lower end of the overall range, just below the low established on Thursday, the 25th. This level holds significant liquidity, so it could be targeted. Our main focus is for the price to shift into the bullish narrative that we recognize on the higher time frame. We’re simply waiting for the price to show us what it wants to do. Trade your plan, follow your risk management, and always trade based on what price shows you, not on what you want it to do.
OANDA:XAUUSD
by PipSurfingSociety
DXY: Recessionary Environment And Potential Upsides.Hey Traders, in tomorrow's trading session we are monitoring DXY for a buying opportunity around 102.900, DXY is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 102.900 support and resistance area. I highly recommend taking a look at DXY at the beginning of every trading week if not everyday, that will help you to trade USD pairs properly and also spot the correlations with Stocks, Indices, Metals and Cryptocurrencies. Trade safe, Joe.
TVC:DXYLong
by JoeChampion
GBPUSD: Your Trading Plan For Next Week 🇬🇧🇺🇸 GBPUSD is trading in a global bullish trend. We see a correctional stage on the pair at the moment. The market is currently stuck within a falling parallel channel - a bullish flag pattern. A bullish breakout of the resistance of the flag - a daily candle close above that, will be a strong bullish signal. It will signify the end of a correction and a resumption of a bullish trend. ❤️Please, support my work with like, thank you!❤️
Long
by VasilyTrader
3
DXY IdeaRegarding my BTC/USD and EUR/USD trades, we’re keeping a close eye on the Dollar Index (DXY). The recent price action has been confusing, but we are currently rejecting last Friday’s heavy selling area. This keeps us within a bearish range, and we’re anticipating a potential market shift to the downside. If this bearish scenario unfolds, we plan to let our EUR/USD trades run over the weekend. Let’s keep observing how this plays out. Stay focused, and let's see where the market takes us.
CAPITALCOM:DXYShort
by themarketknight
NZDUSD - Top Down Analysis (ICT)Quite interesting chart on NZDUSD. I give my analysis and opinion on what is likely to transpire next. Let's see what happens today (Friday) as I'm expecting the weekly to close below certain levels if I am correct in price coming for the SSL first. However, it may not happen today as there is no high impact news offering a catalyst for a manipulative move lower. We could see a weak close lower and then more aggressive action on PPI and CPI next week. Again, this is under the assumption that my bias of price wanting to go for the SSL first is correct. - R2F
Short
by Road_2_Funded
2
US30 - 4H DowJones is in a pullbackThe Dow Jones Industrial Average (DJIA) is currently facing significant bearish pressure, as indicated by recent market trends and technical analysis. The support trend line has broken, leading to a notable drop in the index. This break, coupled with a clear pullback, presents an opportune moment for traders to consider short positions with a logical stop loss. From a fundamental perspective, the rising rate of unemployment and the postponement of interest rate cuts are increasing the chances of a recession. These economic indicators suggest that the market could experience further declines as investors react to the potential economic downturn.
CAPITALCOM:US30Short
by Sober_Trading
Dollar Strengthening and the coming election cycleUS Dollar will continue to ping pong between supply and demand during the election cycle. With other major economies like China's being Paper Tigers, the U.S. will by osmosis become stronger. As we learned years ago, nationalized tightly controlled markets don't work as well or at all. The CCP will try and buy gold and other assets to de-dollarize which will only work for so long to make the dollar look weaker than it actually is. Trump's cabinet is largely ...less scientifically or mathematically inclined when it comes to policy. This will hurt the U.S. economy by increasing tax breaks for corpos and making it harder to maintain a healthy economy as wealth disparity increases. Despite Biden's less than stellar speaking skills, his policies reflect modern neoliberal globalist economic principles which tend to make America wealthier than other superpowers. Overall, we should expect a hawkish trend despite the extreme propaganda machine telling you that the dollar is weakening. This is a great contrarian opportunity. That is, if you think Biden will win the election. If not, get ready to look towards other assets like gold and Bitcoin.
TVC:DXYLong
by ghosttrees
14
XAUUSD Gold to 4KTimeline is 6 months - 2 years The crash has already started. At some point everyone will start to sell thier treasury bonds, yields will go up proportionally to inflation until the dollar loses it's status as the global currency and dramatic measures are used to stop inflation resulting in stagflation and yield recovery. Else hyper inflation and the dollar is replaced entirely. I see the momentum indicators shifting in various markets. Below is a brief summary of each, relevant indicators/markets. see charts. US1YRBILLS WTI CRUDE SILVERUSD BONKCOIN TSLA
OANDA:XAUUSDLong
by Mikhiavelli
3
YEN - Major trend reversal or big correction ? • Japanese yen surged around 10% in July potentially marking the end of a multi year bull trend. • Markets expectation's of FED-BOJ policies convergence, especially after yesterday's delivery of the first rate hike by the BOJ and a dovish signal by the FED. • The pair broke below the previous major resistance/support at 151.70 and traded close to the ascending trend line support at 148. • The dollar yen is now trading just above 150 after attracting some buyers at the mentioned support level above. • If bears manage to keep the pair below the 151.70 level and potentially break the 148 level, their next downside target would be 146.50 followed by 140.
by RamziAbouAbdallah-CMT
Where is the Dollar heading next ?• Dollar has been showing weakness in recent weeks as markets are expecting the FED to deliver its first rate cut in September. • The index fell from levels near 106 to 103.60 and then corrected to 104.90 (50% Fibonacci retracement). • If the jobs report tomorrow shows additional weakness, the Dollar should face selling pressure and break the previous support at 103.60 potentially down to 102.41. • Breakouts are occasionally re-tested. Therefore, the index could potentially breakdown to 102.41, re-test 103.60 and then make another leg lower and so on. • Same principle applies for upward breakouts, which should be the case if the jobs report points to increasing wages and tight labor market.
TVC:DXY
by RamziAbouAbdallah-CMT
The USD and US bond yields immediately decreased.The DXY index - measuring the fluctuation of the USD compared to six major currencies in the world - decreased from 104.8 points (8:00 p.m., July 30) to 103.94 points (8:00 p.m., July 31, Vietnamese time). Male). Thus, there are more positive signs for the US economy. This is a factor that may cause the US Federal Reserve (Fed) to have a plan to lift monetary policy at a faster pace to ensure the US economy does not fall into recession in the future. Accordingly, in July the number of jobs created in the US was 122,000 jobs, lower than the forecast of 147,000. The USD and US bond yields immediately decreased.
TVC:DXYLong
by FalCol_TradingMaster