EurUsd - Lower, 1.000 pips lowerHello Traders and Investors, today I will take a look at EurUsd .
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Explanation of my video analysis:
EurUsd has been trading in a descending channel formation for a very long period of time. At the moment EurUsd is once again retesting the upper resistance in confluence with a horizontal structure so there is simply a higher chance that we will see a continuation lower from here. This means that as stock traders - especially from Europe - we can continue to trade our U.S. stock position without worries.
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Keep your long term vision,
Philip (BasicTrading)
Dollarstrength
Break Down: Analysis of The DXY, EURUSD, GBPUSD, US100 & MoreIn this video, we'll take a closer look at the charts we covered in our last live session, updating and explaining our analysis. Our focus will be on the following currency pairs: DXY, EURUSD, GBPUSD, NZDUSD, AUDUSD, EURCAD, and US100.
We're currently seeing a lot of potential for dollar strength, but it's important to keep an eye on the upcoming CPI release on Tuesday, as it could create some volatility in the markets. As a simple rule of thumb, when inflation is up, the dollar tends to strengthen, and when inflation is down, the dollar tends to weaken. However, it's not always that simple, and it's important to pay attention to the details.
When evaluating the CPI data, consider the following: how much it beat or missed the estimate, whether there is mixed data, if the data was as expected, and any revisions to the previous numbers. Additionally, pay attention to the rhetoric of central bank members after the release, as this can also impact market sentiment.
Our analysis of the downside trades is closely tied to the inflation data release. A strong beat in inflation would likely result in successful trades. However, a significant miss in the data could invalidate many of these trades.
If you're currently not in any trades, it may be wise to wait until after the CPI release. While it's tempting to try and get ahead of the market by positioning yourself, the risk of getting caught in a ranging market before the event could result in significant losses. It may be better to wait for a clearer direction after the release.
Join us as we navigate through these charts and look for possible trades in the market. Let's stay vigilant and make informed decisions.
Complete Dollar (DXY) Top Down Analysis =Where Is It Headed Now?Traders and Investors,
Dollar has been on a run again and it is moving towards our multi year target of 113 which we predicted nearly 2 years ago. Although it completed a W pattern and was inside an FCP zone, it did not have a substantial correction. On smaller time frames, it showed a little retaracement but that was not enough. The strength in dollar is taking it to our next multi year target of 113 zone. This zone again will have potential to push the price down or at least sow it a bit. After that we will have 116 as a new intermediate resistance followed by 127 zone.
In this DXY (Dollar) technical analysis we will study few scenarios which can help in understanding what is about to come next few days/weeks.
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1. Never trade too much
2. Never trade without a confirmation
3. Never rely on signals, do your own analysis and research too
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-Vik
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📌 DISCLAIMER
The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of education only.
Not a financial advice or signal. Please make your own independent investment decisions.
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US FED's New Policy Shift With Some Dollar StrengthUS FED's New Policy Shift & Medium-term Dollar Strength
Wednesday's meeting by the FED has proved true that the FED is making a new monetary policy shift to normalize sooner than later, to reducing the size of the balance sheet ; and, this action that will send yields higher. This has brought strength into the USD. Thus, USD with strength being signaled, I a positive the USD in the medium-term for another quarter or two.
This video summarizes a few trades that are being taken and that have been taken due to the highly anticipated event of a FED move, which happen sooner than expected.
USD/JPY- Investor Fears or Market Confusions? Shorts in PlayUSD/JPY has been the most confusing dollar cross as other have rapidly depreciated against the dollar whilst the Yen has done the inverse and actually Appreciated! All thing being equal, the global equities sell off and corrections could spell pure investor fear causing large funds sucking up lots of Yen in Anticipiation of a Market Drop.
The 106.50 Key weekly level is a critical Area for influx of orders in the pair. A break below would indicate a bearish sentiment while a break above the current wedge formation could also signal another Dollar Rally
Fear aside, Sushi is where its at!