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US-DOLLAR

EURUSD: Important Decision Ahead hey traders, EURUSD is currently trading within a very peculiar zone: its upper boundary is based on the major rising trend line that the price broke in September and that currently serves as the resistance. its lower boundary is based on the major falling trend line that the price has violated yesterday and that currently serves as the support. for now, I see two equally possible scenarios: either we close above the upper boundary of the zone and continue growing to 1.1935 level or we drop below its lower boundary and initiate a short rally at least to 1.1705 for now it is hard to say exactly, which side the pair will select. so I prefer to wait.
by VasilyTrader
21
BRICS currencies movement for the week – 16 October 2020A strong week for the US Dollar, with most Emerging Market currencies coming under pressure. Also look at my US Dollar Index Idea here: Despite the USD strength, the ZAR remained resilient, having some of the best relative BRICS currency performance for the week. BRICS currency/USD movements for this week: Brazil -1.9% Russia -1.1% India -0.6% China 0.0% South Africa -0.5% Euro /USD -1.7% Technically, the ZAR broke and close the week off below all four the 8-, 21-, 50- and 200-day Exponential Moving Averages (EMA), which over the shorter-term, might provide some further momentum in the ZAR. If this was a false break and we see the ZAR break and stay above the 200-day EMA (at R16.61) this week, we could see it move back to the 50-day EMA at R16.76. A break and close above this level could see the USDZAR test the diagonal resistance level at R16.85, with a break and close above this level, most probably bringing R17.10 back into play. With the runup to the US Elections, this (USD Strength) in my view can only happen if the momentum swings back from Biden to Trump, which at this stage seems highly unlikely. The 14-day RSI is not in oversold territory yet, which will have me optimistic should the USDZAR break and close below R16.50 early this coming week. Momentum is turning and very much moving back into the favour of the Rand, which tend to make me believe that we might just be testing the R16.10 levels again over the shorter-term. Watch the US Dollar Index early this week. Should you be contemplating any short-term long positions in the ZAR (short USDZAR), I would only look at doing so below 93.20 on the Index.
by SchalkLouw
3
USDCAD | SWING - 4 Oct. 2020Hello my friend | Welcome Back. Please support this idea with LIKE if you find it useful. *** After breaking the downtrend and retesting the broken area, we will notice a new rise to Fibonacci level 0.61. *** Here is the full analysis for this pair, let me know in the comment section below if you have any questions, the entry will be taken only if all rules of the strategies will be satisfied. I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied. Remember this analysis is not 100% accurate No single analysis is To make a decision follow your own thoughts. *** The information given is not a Financial Advice. BTCUSD Apple GBPUSD EURUSD XAUUSD AUDUSD EURGBP NZDUSD USDCHF USDJPY
Long
by Saeed966
16
USDCAD | SWING - 2 Oct. 2020Hello my friend | Welcome Back. Please support this idea with LIKE if you find it useful. *** It may swing at the trend line if the trend line is broken, and it is the support that will go according to the scenario that you set. *** Here is the full analysis for this pair, let me know in the comment section below if you have any questions, the entry will be taken only if all rules of the strategies will be satisfied. I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied. Remember this analysis is not 100% accurate No single analysis is To make a decision follow your own thoughts. *** The information given is not a Financial Advice. BTCUSD Apple GBPUSD EURUSD XAUUSD AUDUSD EURGBP NZDUSD USDCHF USDJPY
Short
by Saeed966
9
EURUSD: Multi Time Frame Analysis & Important Breakout hey traders, EURUSD reached a strong zone of confluence yesterday. price hit a perfect match of a resistance line of a falling channel and horizontal resistance based on the last higher low on a daily. after testing that area, the price broke below a support line of a rising wedge pattern on 4H. moreover, the price has violated a neckline of a head and shoulders formation on hourly chart. we see many many bearish signals and now the price is slightly recovering. the expanding area between a neckline and broken support of the wedge will be a perfect zone for us to short the pair. target levels: 1.169 1.165
Short
by VasilyTrader
49
DXY US Dollar Index Initial Target Hit $94.40. Retrace & Resume?DXY I published a chart for DXY at beginning of September(linked below). This video furthers the idea that DXY is in correction mode. I propose that DXY will make a retracement back to its local trendline, using the 14% retrace of March-September Swing as support now. Looking for potential bounce from there($93.32 area), then a resumption of the correction to the 38.2% March-September Swing($96.04) In 2016, after President Trump was elected the DXY proceed to top out soon after in Jan. 2017, until it put in a bottom in Jan. 2018, in correlation to Bitcoin & Crypto Market Bubble. I expect similar results for the coming election and DXY price correlation. I expect The Donald to win, thus in turn ending the correction for DXY, and resume its drawdown into 2021...If a one year downtrend ensues for DXY at that point, perhaps we see another bubble for Bitcoin late 2021, early 2022? What's is your thought? I'd love to know... Thanks for checking out my analysis!
TVC:DXY
by TheFreeCryptoPress
2
EURUSD: Key Level That You MUST Pay Attention to! hey guys, though bearish movement on eurusd is officially started, always remember to look left at structure. the market is very close to a key monthly/weekly support cluster based on 2015's - 2020's price action. with average weekly atr, chances are high that this level will be reached quite soon and then most likely a pullback will follow. consider that yellow area for your swing short targets or for an area to buy from, catching a pullback. always wait for a confirmation on a lower time frame, because the area is relatively wide. good luck!
Short
by VasilyTrader
3
EURUSD: Key Level That You MUST Pay Attention to! hey guys, though bearish movement on eurusd is officially started, always remember to look left at structure. the market is very close to a key monthly/weekly support cluster based on 2015's - 2020's price action. with average weekly atr, chances are high that this level will be reached quite soon and then most likely a pullback will follow. consider that yellow area for your swing short targets or for an area to buy from, catching a pullback. always wait for a confirmation on a lower time frame, because the area is relatively wide. good luck!
Short
by VasilyTrader
28
AUDUSD: Important Breakout & Bearish Continuation hey guys, if you missed a short rally on audusd and want to be involved in this movement, I would suggest you be focused on the expanding supply area based on 0.721 level - last higher low and the broken support line of a major falling channel that was broken yesterday. aggressive on spot entry is not an option right now, because it will be hard to place a safe stop. next goal for sellers is 0.702 structure and the market will most likely continue going there.
Short
by VasilyTrader
15