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USD (US Dollar)

EW Analysis: USD Index Slowed Down Into A CorrectionHello traders! Today we will talk about the most interesting currency in the last month - US Dollar. As you can see DXY made strong and impulsive recovery recently, mainly because all the assets were down due to panic across the world and also financial crisis, so investors are rather in cash now and that's why is USD so strong. USD is currently down, but looking at the bigger picture, seems like it's just testing previous resistance area as a support here and the main reason why we are observing potential support is a three-wave a-b-c corrective decline from the highs. As you can see, there's a chance of a triangle in the middle, which in Elliott wave theory occurs only in waves "b", "4" or "x" and in some cases even "y". So, if that's the case, then a recent decline from the highs should be corrective, because triangles cannot occur in wave "ii", which means that we should be aware of a limited downside and potential bullish reversal soon. Of course, every analysis needs to be confirmed before you may act, so only if we see sharp and impulsive recovery back to 101 region, only then we can confirm a completed corrective decline within uptrend. Be humble and trade smart! If you like what we do, then please support us with likes and comments! Thanks! All the best and stay healthy! Disclosure: Please be informed that information we provide is NOT a trading recommendation or investment advice. All of our work is for educational purposes only.
TVC:DXYEducation
by ew-forecast
3
ridethepig | Macro Flow & Restraint(1) The relationship between "macro flows" and "restraint" The former encourages plans from our opponent by enticing them into positions. What does it mean: suffering from the sad case of the last buyer? The concept of static and dynamic weaknesses. When it becomes appropriate to undo our opponents structure? Restraint can be imagined without the traditional presence of barriers in the orderblock; but real total economic restraint, loss of market access (regardless if you are for or against Brexit this is a fact in the short-term) reigns over whole stretches of the economy and gives the currency breathing difficulties. This is an important from the advantage of trapping our opponent. To what extent, you may ask, does an economy suffer from the said disadvantages? It is not simply enough to state that market isolation can be easily captured in the FX board and can be highly unpleasant to defend. This is because the monetary suffering is impossible to be offset by the fiscal side despite Sunak's loose budget. Equally it would be efficient to connect the highs with the opportunity of false hope for our opponent to break higher (e.g ridethepig | UK Elections ). The main cause of the suffering is that in an election advance there is always the formation of hope, a certain tendency to paralysis is made apparent with smart money all over the 1.35xx highs and loading sell positions. With a high of the range now located at 1.35, the formation can develop with macro sellers targeting 1.21, then 1.15 and finally 1.05 in cable via Brexit. But there is no support in the diagram, and thus the attempt to transfer the flow is absent (see brexit at the door ). What we are recognising here is the principle weakness of buyers to take 1.35 which we will dissect as dynamic weakness and make it impossible for buyers to construct the break. Rule: when our opponent possess the opportunity to go overboard, their structure is weakened and becomes worthwhile looking to push them into advancing before a strong rejection. With this in mind, in the UK elections after 1.35 was rejected, sellers must then attempt to provoke buyers into continuation with action - hence the chop fest in January. As long as buyers were allowed to hold onto 1.30xx/1.29xx, meanwhile smart money are loading the whole time while it is as obvious as a limp - when sitting down! The weakness only becomes visible once 1.30xx/1.29xx was broken. As well as static weakness, there is also the concept of playing GBP dynamically around event risk. Unlike the UK elections, the Chancellor reshuffle laid out bare when you "blag" the fiscal side, that is turn the taps on full blast and flood GBP supply side: Here the static weakness of the monetary and fiscal side is a great one: when both sides align GBP sellers gain advantage. Rule: When GBP buyers showed static weakness over the past few months it was time to advance against them and not be afraid of doubling down with momentum. While Covid-19 has taken the spotlight, the Brexit problem only half vanished. One part of the rose may disappear into thin air, but the petals left will suffer all the more. Now consider the position in the following diagram ( GBP Market Commentary 2020-01-14 ). Sellers encouraged with the technical break which would mean that the exploitation of the restraint at the highs may not be all that difficult. Next came EURGBP : And now GBP allowed itself to be tempted into an interesting attack the result of which would only be to open up the board and expose the hopeless position of those expecting a second referendum or soft exit. Reality continues to sink in.... Here the "win" for GBP sellers is coming in a no less imaginative style to the same highs we traded back in 2019 ... GBP sellers are therefore right in their choice and direction, the waiting strategy paid. The flank on elections paid. Ending hopeless expectations of a fairy tale exit paid. However, the "advance" was also possible because of the macro flow constituting weakness in the liquidity ladder. Sellers sacrifice the late buyers, an exchange at 1.35 captured all participation... ...where we can achieve our "restraint" and then look to target the same lows as in 2019. Another rule: Isolated event risk and compact flows should be challenged (= attacked by opposing swing). An opposing swing complex, which has not advanced but rather in development stage, should, on the other hand, first be goaded into action before being challenged, in other words let it exhaust first !!! (a) The only true strength of Macro flows As we have witnessed, a swing with restraint attached to it contains a specific latent weakness, which flags up only when the said swing advances. In our case it was with the break of 1.30xx/1.29xx to the downside. We will call this, as we have mentioned dynamic weakness . When on the contrary, the swing stands still (or is resting), it can be quite strong. After the squeeze towards 1.35xx cleared the board with a lot of effort to force buyers. I mean by this that GBP buyers scarcely have enough positional means to be able to force any decision since Brexit and this is because price dictates as always! On the other hand, this would be easier if we had cleared 1.21x last week. (b) A review of the best known swing structures... The strongest formation for swing trading comes from event risk and macro drivers; retail should hang on to the later as long as possible. After the Brexit referendum in 2016, it has been one-way traffic for GBP. Thus it is a strategic requirement for GBP sellers to force Buyers into traps. He should do this where possible and without the help of monetary policy as BOE was hijacked till the virus. Because after the monetary side bends a knee, a challenge would no longer be possible, nor would there be any chance to occupy the highs. In the diagram, you will notice how many players commit in error to the wrong side with desperation forcing them to get stuck. This goes against our principle rule (mentioned earlier!!), according to which we should first provoke into some action. One of the most beautiful blockading and restraint swings I have ever traded, I hope it has helped...thanks as usual for keeping the support coming with likes, comments and etc!
Education
by ridethepig
11
USD/ZAR Bullish Pennant? Lets Suppose..HummmPurely for Demonstration and Education Purposes, Hence it is a Tutorial to get our wheels turning about possible outcomes. If market structure plays out...hummmm I wouldn't dare to say this will happen, but if it did, it would be a textbook play. Given the sentiment of the market with economic outlook of South Africa and Coronovirus fears, it's not far fetched. My USD/ZAR Subscription Zone caught over 600 pips this week just on USD/ZAR movement, join us here as we study this zone by zone for $19 a month. Check out my testimonials on my Instagram (link below) Link is www.celestefrederick.com
Education
by mrsceleste
19.2.2020 - Bitcoin (BTC / USD)Hi Traders! Today we look at a bit specific bitcoin analysis. It will be about bitcoin but on CME futures exchange. Have you heard of CME gaps? Many people are starting to talk about CME gaps. How do these gaps actually come to existence? There are two options: CME doesn't trade futures over the weekend and is off. However, crypto exchanges normally work at weekends, so the first way is that there is a strong movement at the weekend and we open Monday at a totally different value than we closed on Friday. The second way is that bitcoin simply has such a strong up/down movement that it flies through the order book and creates a GAP. GAP acts as a magnet on the graph. Many people know about this, but they don't know the logic behind it. In the first case (the weekend), there will be many unfulfilled orders at that point. After a strong movement, the graph later gets tired and still comes after these orders. Of course, this does not work 100%, but in the vast majority of cases, it does. We currently have a GAP blank at a level of $ 8,500. It's extremely difficult to determine whether this gap is filled or not. There came a wick, but exactly to the edge. If the GAP is not completed in a given week, it will usually only be completed after a certain cycle has been completed. Will it be so? May the crypto be with you!
CME:BTC1!Education
by DolleroTechnology
EURUSD – At the point where finnaly sellers will face offWelcome to our Academy. We’re here to help you achieve what you have been looking for. Use our free analysis where you have everything you need for potencial trade ideas and profit. EURUSD – At the point where finnaly sellers will face off Trend: Sell/ Neutral Support/Resistance: R4: 1.12649 R3: 1.11928 R2: 1.11730 R1: 1.11017 S1: 1.10840 S2: 1.08739 S3: 1.06702 Price action: Overall eurusd trade is getting performance at very good potencial Bearish idea. Price close from previous weekly close on the bear edge. This means that sellers finnaly showing power, which will tell us what to do next. If the price will break 1.10840 Support level, then as a long bearish term, we can follow weekly analysis report and targets. If the price get declined then we still can see retracement from second resistance which is at 1.11730 level. Potencial trade idea: Bulls targets: T1: 1.11730 Bears targets: T1: 1.08739 T2: 1.06702 NOTE – We are trading EURUSD via the preferred trading setups by EliteFxAcademy Disclaimer: Martin’s views on the Chart analysis is ment as a trading advice for education terms; Education terms include: trading consistency to everyone who is reading this blog; for every advance student and for every Elite student who is using this analysis for managing his equity by Elite strategy and custom indicator. This analysis is understandable and transparent for all Elite students. This is a free content which is based from Academy in term of transparency to support and following progress to everyone. We know that there is always possible way that market can pull you out even when you follow our analysis blog and advice for a trade. We don’t publish where you have to have your risk management – Stop Loss, because, it would not be fair to Elite members, who learned this techniques in our Elite course. Keywords: Elite strategy, Custom Indicator, Fundamental Analysis , Tehnical analysis, Price action, Advanced strategies, Trading Education Good trading! Elitefxacademy
Education
by EliteFxAcademy
A reason why you should mix TA and macro analysis... $GBPUSDHey. The chart above provides the perfect reasoning as to why purely looking at price action around market sensitive data points can be your undoing. On Friday we had the NFP number - this was a big beat. However, GBPUSD didn't really move to the downside all that much. This likely led to many getting long, lulled into a false sense of security going into the New York trading session. I'd argue that many seeing the textbook bullish engulfing candle got excited - but the probability of upside is likely not in your favour after such a large beat on a key data point! After all, orderflow is determined by the interpretation of macroeconomic variables. You can read more about this here: (www.imf.org) This is one of those situations where one has to look away from charts and look at the realities of the data - a market hasn't yet made its move on a massive data drop at a time when the Fed are deliberating about cutting rates and you want to get long? No worries, I'll happily take the other side there! It's vital to always keep a macro picture in your head, and add and take away from your view with little bits of information that we're hit with each day, because I guarantee that this will help your trading massively!
Education
by FinkPro
What should we do next with USDxHello Trader around the world, how about your last friday, did you trade? Last friday I've trade the USDCAD and AUDUSD currency For AUDUSD I Long and lost already But USDCAD still at the big resistance and I have short already and put a stop loss at 500pip I really want Monday to come fast as I can Today I want to sharing all of you learn about How the currency connect Sometime maybe someone Long and Short position in the same time with same currency It was no good Long EURUSD and also Long USDCAD is wrong But Long EURUSD and Short USDCAD is great Cause if we look at USDx or Dollar index And try to compare with any currency you will see something connect First you shoud know that USDx will move same with USDXXX currency and XXXUSD will move converse in the same time Example Now USDx move up USDCAD should move upward EURUSD should move downward For now about USDx you will see a price have break already so if the price will continue to move up Price should comback and rest at the old Resistance or new support If you see a price move downward to support Is mean that USDx move downward Is mean that USDXXX move downward too Is mean that XXXUSD will move up Did you get it? I hope that the things that I have learned around 3 years can help you and you will be a great trader if you can Trade is a lot of things you have to learn And we always have to update a strategy Is didn't mean you know something and you will rich from it You have learn a lot of things and use it at the right time, timing is so important Just it, that's all for today About how there r connect Sorry for my bad English Hope this week you will get a lot of money Goodluck
TVC:DXYEducation
by TeamothyTrade
NZDUSD – Price has to retrace lowerWelcome to our Academy. We’re here to help you achieve what you have been looking for. Use our free analysis where you have everything you need for potencial trade ideas and profit. NZDUSD – Price has to retrace lower Trend: Buy Neutral At the moment: Sell/ Neutral Support/Resistance: R2: 0.67176 R1: 0.66596 S1: 0.65910 S2: 0.65655 S3: 0.65449 S4: 0.64334 Price action: In this case we can say nzdusd pair is similar to gbpusd currency pair because trending is still in buyers territory but potencial trade idea is more bearish then bullish. We can say buyers will wait for bearish retracement and then they will decide if they will be able to bounce the price back where is at this moment. We are expecting retracement to buyers support at 0.65655 level. If buyers will not show any bullish momentum, then following potencial sell idea is starting from retracement at 0.65449 new resistance level. This might be potencial trade idea to lower supports. On buyers side, if Nzd currency will show good performance and broke 0.66596 resistance level, then price has to test 0.67176 resistance level. Potencial trade idea: Bulls targets: T1: 0.67176 Bears targets: T1: 0.65655 T2: 121.751 NOTE – We are trading NZDUSD via the preferred trading setups by EliteFxAcademy Disclaimer: Martin’s views on the Chart analysis is ment as a trading advice for education terms; Education terms include: trading consistency to everyone who is reading this blog; for every advance student and for every Elite student who is using this analysis for managing his equity by Elite strategy and custom indicator. This analysis is understandable and transparent for all Elite students. This is a free content which is based from Academy in term of transparency to support and following progress to everyone. We know that there is always possible way that market can pull you out even when you follow our analysis blog and advice for a trade. We don’t publish where you have to have your risk management – Stop Loss, because, it would not be fair to Elite members, who learned this techniques in our Elite course. Keywords: Elite strategy, Custom Indicator, Fundamental Analysis , Tehnical analysis, Price action, Advanced strategies, Trading Education Good trading! Elitefxacademy
Education
by EliteFxAcademy
USD/ZAR Are the Bulls Warming Up for a Run? This tutorial is for demonstration and education purposes. For full study as we go along please join my $19 subscription channel where we day trade based on price action at www.celestefrederick.com Price action trading is like reading a book. As price plays out we take note of what is occurring and can draw conclusions along the way based on price action at key zones in the market. A few points to note in favor of bull run: 1. The past few weeks have seen more bullish momentum with pullbacks. 2. Price has breached the 200 MA on the daily timeframe. Price could very well attempt to maintain a footing above the 200 MA. 3. We see price is at a key level in the market. See how price likes the zone where we currently are by looking left. 4. Bearish momentum over the past day could very well be a re-test after a break of this key level as demonstrated with my notes. Price could then continue up after the re-test. 5. Keeping fundamentals in mind, with the economic outlook of South Africa and the impact of the Coronavirus in China, the outlook could negatively impact the South African economy. China is a key investor of the South African economy. Economic consequences of the virus spill over to South Africa. We still can't count the bears totally out. However, price action tells the story..Will price breach the current zone where it is sitting and pullback? Price action will tell. My study group is catching pips on this pair daily based on price actions in the market daily. Would love to have you join us! Please visit my website at www.celestefrederick.com to see my subscription packages and also other free resources. Please also refer to other trade ideas on USD/ZAR which help support this study. Links to a few are below. Happy Studying and Trading!
Education
by mrsceleste
2
Some thoughts about Bitcoin (education)I have been watching the price movement of bitcoin and I consider a possibility that the current price action is a very rare pattern of the terminal impulse, which consists of 5 waves, but waves of a smaller degree form the 3-3-3-3-3 pattern. This is not 100% true until it is completed, and serious trading decisions should not be made on this basis. However, I decided to make this post for the reason that the fact of the formation of such a pattern is very interesting, because it is quite rare. Please, don't forget to like and follow. Thank you.
COINBASE:BTCUSDEducation
by chorny.capital
BTCUSD – Let's see first sellers how much power they still haveWelcome to our Academy. We’re here to help you achieve what you have been looking for. Use our free analysis where you have everything you need for potencial trade ideas and profit. BTCUSD – Let's see first sellers how much power they still have Trend: Buy/ Neutral At the moment: Sell/ Neutral Price now: 8642.55 Support/Resistance: R2: 10307.74 R1: 9106.68 S1: 8001.05 S2: 7593.96 S3: 7266.36 S4: 6555.78 S5: 5771.10 Price action: For this potencial trade idea it is better to wait for more data then we have now. Bitcoin price is stucked between overall bullish perioud and recently sell, which presents more neutral chart then potencial trade idea for now. Price broke the Channel and bounced from it. If the price will break 9106.68 resistance level and hold above, then we can follow next bullish target to 10307.74 level. If the price will go down below Bitcoin channel, then we have to see Bearish retracement at deeper buyers support. First Bitcoin buyers support is at 7593.96 level and second at 7266.36 level. If buyers will not show performance at these levels, then sellers has open era to first target at 6555.78 and second target at 5771.10 level. BTCUSD Potencial trade idea: Bulls targets: T1: 8200 T2: 9106.68 T3: 10307.74 Bears targets: T1: 6555.78 T2: 5771.10 NOTE – We are trading BTCUSD via the preferred trading setups by EliteFxAcademy Disclaimer: Martin’s views on the Chart analysis is ment as a trading advice for education terms; Education terms include: trading consistency to everyone who is reading this blog; for every advance student and for every Elite student who is using this analysis for managing his equity by Elite strategy and custom indicator. This analysis is understandable and transparent for all Elite students. This is a free content which is based from Academy in term of transparency to support and following progress to everyone. We know that there is always possible way that market can pull you out even when you follow our analysis blog and advice for a trade. We don’t publish where you have to have your risk management – Stop Loss, because, it would not be fair to Elite members, who learned this techniques in our Elite course. Keywords: Elite strategy, Custom Indicator, Fundamental Analysis , Tehnical analysis, Price action, Advanced strategies, Trading Education Good trading! Elitefxacademy
BITSTAMP:BTCUSDEducation
by EliteFxAcademy