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DXY (US dollar currency index)Subscribe and get a free trading strategy for Bitcoin and Ethereum every day! Globally nothing changed after my last idea on DXY. As we can see the long scenario from here is more possible. There is support under the price, I mean bulls are hold falling every time. The final target is 106.500. Red zones - temporary rollback zones. P.S I do not adhere to a time frame in my analysis of the instrument, a reaction in the instrument may occur earlier or later. It is important to understand the price movement when reacting to the level, as well as the buyer and seller reactions. Well, and a few more secrets, this material is not a trading recommendation )))
TVC:DXYLong
by Anton_t_t_t_eng
DXY (US dollar currency index)Subscribe and get a free trading strategy for Bitcoin and Ethereum every day! Happy New Year and Merry Christmas my dear friends!🤑 What do you think? Will Santa bring such a present for dollar bulls?)) P.S I do not adhere to a time frame in my analysis of the instrument, a reaction in the instrument may occur earlier or later. It is important to understand the price movement when reacting to the level, as well as the buyer and seller reactions. Well, and a few more secrets, this material is not a trading recommendation )))
TVC:DXYLong
by Anton_t_t_t_eng
GBPUSDSubscribe and get a free trading strategy for Bitcoin and other instruments every day! Happy New Year and Merry Christmas my dear friends!🤑 The long idea at the 2H timeframe. You can see the discount zone I showed and the double-bottom pattern. P.S I do not adhere to a time frame in my analysis of the instrument, a reaction in the instrument may occur earlier or later. It is important to understand the price movement when reacting to the level, as well as the buyer and seller reactions. Well, and a few more secrets, this material is not a trading recommendation )))
Long
by Anton_t_t_t_eng
3
EURUSDSubscribe and get a free trading strategy for Bitcoin and other instruments every day! Happy New Year and Merry Christmas my dear friends!🤑 The long idea at the 15M timeframe. You can see the discount zone I showed and the double-bottom pattern. P.S I do not adhere to a time frame in my analysis of the instrument, a reaction in the instrument may occur earlier or later. It is important to understand the price movement when reacting to the level, as well as the buyer and seller reactions. Well, and a few more secrets, this material is not a trading recommendation )))
Long
by Anton_t_t_t_eng
1
Martin Luther King Jr. Day - Market AnalysisKey events: US – Martin Luther King, Jr. Day UK – BoE Gov Bailey Speaks The recently released CPI is prompting investors to question the Fed's plans to raise the overnight rate above 5%. The market doesn't seem to care, and after this data coincides with the forecast, yields are falling across the curve. Thus, 2-year Treasury yields have fallen to their lowest level since October, with room to fall substantially. If the Fed really does intend to raise rates that much and maintain tight financial conditions, then it appears that the market is not listening to the central bank and not paying attention to what it wants. This only suggests that the Fed's forward guidance is no longer working. The Fed will have to dig into its toolbox to convince the market that it is serious. The central bank may have to talk about accelerating the pace of balance sheet reduction or outright sales of treasuries and mortgage-backed securities. The market indicates that the Fed's interest rate hike cycle is coming to an end, with the belief that the central bank will be forced to cut rates as soon as 2023. However, the Fed continues to insist that it plans to raise rates above 5% and leave them high and financial conditions tight for a long time. The 2-year Treasury yields fell to their lowest level since early October. This is the first weakening in months. Apparently, the rate cut is now embedded in the quotes of not only the federal funds rate futures market. As a consequence, the Fed will be forced to use balance sheet talk as a last resort to ensure that rates remain elevated and the dollar remains strong enough to prevent a stronger-than-acceptable Fed easing of financial conditions. The market, on the other hand, is trying to figure out how much pressure it can put on the Fed to maintain tight financial conditions. If the central bank is serious, sooner or later it will try to fight back. Otherwise, the Fed will lose control of the public discourse and won't be able to tell the markets what direction it thinks they should go. Talk of a higher overnight rate is no longer having the desired effect, so the next option for the Fed is balance. If it doesn't use that option, the markets will take it as a signal that the Fed is okay with easing financial conditions and thus gives the markets permission to continue the rally.
TVC:US02Y
by FOREXN1
7
Setups for MondayOrange pairs: AUDNZD, AUDCHF, NZDCHF, GBPCAD, EURAUD, GBPNZD, NZDCAD, EURNZD, EURCAD Green pairs: USDCHF and GBPCHF Purple pairs: AUDCAD and EURGBP * Orange = Moving away or getting slowly to our trade, not suitable for a trade yet unless it's giving a little bit more in our direction Green = Close to a trade, needs a break for anything serious Purple = Very close to a trade! Needs a retest or a break of exhaustion point for an entry. Have a great week all! :)
by stefann187
2
InvestMate|EUR/CAD Time to fall. Long-term in-depth analysis.💶EUR/CAD Time to fall. Long-term in-depth analysis. 💶The Euro situation does not look very interesting. 💶The market consensus is that economic growth in the euro area will slow down. 💶The situation is saved by the low unemployment rate of 6.6%. I would add that this is the lowest unemployment rate ever recorded. 💶Unfortunately, the situation in the labour market is not helped by rising inflation, the next year-on-year reading of which is due on 31 October, and which could return to 10% or even beat it. 💶The euro is still a cheap currency. This is compounded by relatively low interest rates compared with the USA, Canada, Australia and the UK, where they are sometimes many times higher. 💶The interest rate in the EU is only 1.25%. On 27 October we will find out what the next decision will be, with the market expecting a sharp increase of 75 basis points to 2%. 💶The war in Ukraine and the tense global situation have thrown in their two cents, resulting in the EU having its lowest trade balance in history at €-50.9B this month. Europe is definitely importing more than it is exporting, which is not healthy for the economy. 💶The PMI for industry has also only been falling and falling since January. It has fallen from 58 points to 48.10 currently. tradingeconomics.com 💶Finally, I would also like to draw attention to consumer sentiment, which stands at -27.6. These are once again the lowest levels in the history of the European Union. We will find out how they are for October on 28 October. 💶As we can see, the situation in the European Union does not look colourful, much of this data has already been discounted, but I believe that the market has not discounted the economic impact that such a persistent situation could have on the future of the European Union. Moving across the ocean to Canada. 🍁There, too, economic growth is forecast to be slightly lower than previous readings but we do not see as much divergence as with the euro. tradingeconomics.com 🍁Unemployment remaining low at 5.2%. 🍁Inflation slowly slowing The latest reading on 19 October indicated 6.9% which, compared to the peak of 8.1% recorded in June, offers a breath of optimism. 🍁Interest rates definitely higher than in the EU. At 3.25%. With the next rate hike due on 10 October, the market assumes it will be a 75 basis point hike to 4%. 🍁Trade balance at a high of C$1.52B in August. On 3 November we will find out how much it amounted to in September. Canada is now seeing very strong trade volumes. The highest in a decade. 🍁Manufacturing PMI low of 49.80 points. tradingeconomics.com 🍁The Consumer Confidence Index is falling but neither all-time highs nor a "crisis" state is just low at 48.51 points. tradingeconomics.com 🍁As we can see, Canada's economic situation looks decidedly better than that of the euro area. 🍁Will we see this reflected in the chart of these currencies? 🗠Looking at the chart we see that EUR/CAD has been in a downtrend for almost 2 years now. The trend definitely took a turn for the worse after the outbreak of war in Ukraine. 🗠Since 22 August, an upward correction of 5.53% began on the downtrend. 🗠But over the last month we do not see the strength for a further upward breakout. On 18 October we made a double top formation and immediately recorded a decline. Is this a sufficient signal for a decline? 🗠Looking at the euro compared to other currencies where it is definitely stronger and the rebound was definitely more blunt. Only on the dollar did we not see such a big increase because the dollar has also been on the rise for the last few weeks. 🗠Coming back to EUR/CAD, we are currently at the resistance levels set in April and July this year, these are the 1.34-1.35 levels. We can see that the price is struggling to break through them. 🗠As for taking positions. This seems to be a good time to take positions, either to wait for a retest of the 1.34 levels after the declines and attempt to rebound from below. 🗠Or setting a stop above the recent highs above the 1.36 level, with a target somewhere at the new lows. I am a fan of not setting targets but observing the situation as it unfolds, but in this case the level of 1.25 seems to be the most reasonable in case the falls continue. 🗠I don't want to bore you with indicators, but looking at any of them we can clearly see a downward divergence. 🗠Also the direction is known. Trend is set, stop and target known, I invite you to follow this pair. I am very curious to see what the coming week will bring. 🚀If you appreciate my work and effort put into this post I encourage you to leave a like and give a follow on my profile.🚀
Short
by InvestMate
4
EURUSD: Why you should not be buying EU now!!!! Based on my analysis on EU monthly bias, we've gotten to a faze where we will be extremely bearish on EU. The order flow is bullish over the last ten decades, but we swept out an external range liquidity around 2006 which is making price to seek for Internal range liquidity on the monthly basis which we're currently in, the low below is a victim of that due to the fair value left Below. the samrt money are likely to seek liquidity below that old low we're seeing before the buyside liquidity purge that took place in 2004/06, after then I can start expecting higher prices on EU. these days we're likely to start experiencing more impulsive moves to the downside because we're now close to the old low, and this is the time smart money want to start selling off their buy orders. looking for selling opportunities will be more profitable than buys these days. STEFANFX...
by stefan143
2