US-DOLLAR
USDCAD - Daily. Area of interestReasons to look at potentially going short;
- Third touch of descending trendline
- 61.8 fib retracement
- Back testing Short term support now possible resistance
- Heading towards dynamic resistance (200MA)
Things to consider before;
- A lot of buying pressure over the last few days (2 of 3 Strong Bullish Candle closures)
- DXY looking bullish, Could see some more dollar strength before anything
- Scale down to lower timeframes and look for a break of the ascending trendline before taking shorts
Longterm if we get the signal to go short and it all plays out then 124.200 could be a good target.
as we mentiod before 1328 is tthe key hi there
the pair tested 1338 in earlier morning and has fallen to 1318 area and start to rally to 1349
i see that there is a small correction to 1340/1336 area then will continue to 1358/1365 area
you have to watch YEN .. YEN ... YEN
it will not start fall without oversold in USDJPY pair i think it needs to reach 105.5 area
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AUDUSDNice rejection from 79.500. If we maintain below this then the highlighted areas will be ones to look out for
AUD/USD tested the upper boundaryUpside momentum continues to push the Aussie even higher against the US Dollar. By the early hours of Thursday’s trading session, the AUD/USD pair tested the upper a boundary of a dominant channel.
After reaching the 50.00% Fibonacci retracement level, the currency pair made a U-turn to re-test the weekly R1 at 0.7927. This retracement can be measured by connecting the January high at 0.8134 and the February low at 0.7761.
The bearish sentiment might be in play for the following trading session, however, the decline might be stopped by the 55– hour simple moving average.
Oil by reaching above $64 per barrel on 16 Feb 218.This chart correlates heavily with that of the value of the Japanese Yen. This is why we see a deep dive for Yen as it has less supply. Thus, a strengthened Yen against the USD. This is probably why Oil prices increased sharply as it was due to the weakened USD. In the eyes ot 1 OPEC this would be called price stabilization efforts. Although I see them as a clone between Bitcoin Private, and Bitcoin core. So far prices have remained stable in favor of KSA.
NZDUSD - H4 SELL SETUPNzdUsd - H4 I prefer shorts on current levels due to technicals and market sentiment which favours a stronger dollar at current levels. Major trend is still down for dollar so this would be considered a counter-trend trade
will Dollar do that?could give a huge R/R in 3 different steps...
have to follow news about Rate increase
USD Stock Market. Is the world going to end?Just for shits and giggles, to see what its like if I am around in 5 years.
halturnerradioshow.com
needs confirmhi all
Kuwaiti dinar versus dollar on weekly is below the downtrend that helps to retest the uptrend on daily in 3.305 and 3.298 area
if it fails to close below daily trend in two months at lest . may it help to push prices further up
still bearishhi gays
as we said before 1328$ is the key
so any close under it will dive heavy
it shouldn't close below 1305 otherwise it will test 1290 area
Red Pill or Blue Pill [BTC/USD]RED PILL:
BTC will break the Trend line again and will drop between 5k and 3k.
BLUE PILL:
BTC will bounce again on the FIB 0.786 and will break the downtrend1 to reach the FIB0.382 (14k)
Is Dollar making a comeback? Looks like the greenback is might be making a comeback with a double bottom reversal. Before going long I am waiting for a breakout, retest and confirmation at 90.
GDX and the USD directionAttached are two charts for discussion. GDX seems to have formed a 3 drive pattern which would put its target at 0.618% fibo retracement. So, not there yet, but soon. The USD seems to be in a BULL FLAG, completion should be soon. So, short GDX now seems the way to go, but not for long.
USD INDEX - Bullish reverse Head and Shoulders USD INDEX – Looks to be forming an intraday bullish reverse Head and Shoulders formation. Key support is 88.89 (61.8% pullback) and 89.50 (neckline break)
US INDEX - GLOBAL FORECAST 2018 (updated)Hello Traders!
Accurately suppose, that the "Flat" model and Bull's "Cumulation Balance", will be on US index the whole 2018 year.
So... Based on intermarket correlation, it gives the opportunity for downtrend on EURUSD, GBPUSD, AUDUSD, NZDUSD and uptrend for USDJPY, USDCAD, USDCHF .
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EURUSD bearish RSI Divergence and Double topComing week will be interesting for DYX pairs, most of them are in bearish RSI divergence. EURUSD in the manner is in bearish divergence in addition to formed a potential double top in H4 time frame. Break of the up trendline will give a nice risk reward opportunity for coming week. If you dig more there might be much more promising dollar pairs with bearish RSI divergence setup formed for next week up on the rise of dollar end of last week. Happy trading !!!!
AUDUSD - Pullback before more downside?Consistently failed to break key level around 0.81150 and broken ascending trendline. Slight pullback now but 0.79500 possibly looking good. Will wait and see
