USD/JPYWe have a general downward trend for USD, which is no exception in parity with JPY. With small movements in both directions, the USD / JPY sport makes sense for today!
Usdanalysis
EUR/USDImportant hourly resistance for EUR / USD. In this area, parity may begin a period of consolidation, or may break resistance. Neutral predictions with a long tint today.
End of the downtrend
The dollar has reached its lowest level in a recent month, which is why we have seen the growth of all currencies against the dollar, and as you can see, it has formed a downward channel and has accompanied it to the trend line, but in your opinion this The decline will continue and the trend line will be lost ?? Such a thing is unlikely to see a return of the dollar to 93, and this time we will see a decline in currencies against the dollar, and after fully touching the trend line, we will see an upward trend.
USDJPY analysisTools Used for the quick sketch
fib retrace
fib extension
trend lines
support/resistance
demand/supply zone
and price action on multiple timeframe
but better seen on H4 for market structure
:)
US DOLLAR - REVERSAL INCOMING? hey tradomaniacs,
As expected Jerome Powell causes huge moves in the market.
So what did he say and why is his statement causing such a sell-off? One thing is for sure, he is really dissapointing the market!
First of all, what could he have said to cause euphoria?
1️⃣He could have aoounced an prolongation of the Supplementary Leverage ratio (SLR) banks calculate the amount of common equity capital they must hold relative to their total leverage exposure with.
This could have calmed down the markets.
2️⃣ He could have announced an Operation Twist, which would probably have caused a boost for stocks and lowered the yields.
As explained, with this method the FED would sell short-term-bonds in order to buy long-term-bonds. YIELD-CAPPING without extra liquidity.
3️⃣ He could have announced a Yield-Curve-Controle in order to cap the yields with fresh liquidity.
This could have had an mixed impact, as it would drive inflation-worries due to extra liquidity provided by the FED but also cap the yields due to rising Bonds.
So what did he say? Nothing new, and he seemed to be pretty confident compared to the European- and Australian Central Bank.
1️⃣ Still far away from our goals, but job-market should improve due to vaccinations.
2️⃣ Expecting inflation to rise but it is still unknown whether this is going to continue or not as there are deflational effects. We have the necessary tools!
3️⃣Would be worried if financial condotions are getting worse. Rise of yields can have various of reasons.
4️⃣We won`t raise interest-rates as long as we haven`t reached our goals. We don`t have to take action as long as inflation isn`t lasting.
He keeps talking with a dovish tone, which is pushing the inflation-worries❗️
Result: Pumping YIELDS as Jerome Powell acts like there is no inflation 👉Stocks are bleeding and US-DOLLAR goes up!
Just ridiculous!😂
Will this continue? Tomorrow we will get to see the Non-Farm-Payrolls, and if they are worse than expected it could either confirm Jermome Powells statement and YIELDS finally fall or the market could even price in more inflation-worries and US-DOLLAR rises with YIELDS.
It will be interesting!
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Peace and good trades
Irasor
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DXY could FALL again!Hey tradomaniacs,
DXY (US-DOLLAR-INDEX) broke out of its trendchannel and could continue to fall if it braks the current support-zone 👉
Non-Farm-Payrolls almost as good as expected, but overall not as good as priced in.
I did a lot of research due to the current correlations in the market.
You might remember that I said that we will reach a point where the market is going to price in that the FED won`t continue with its current dovish monetary policy anymore, or at least, can`t increase their volume of certain liquidity-packages.
The market would begin to "bet" against the central banks as they did back in the days and price in less liquidity and so in the future higher interest-rates when the economy recovers faster than expected.
Now a worse NFP-Result could put these bettings agaisnt FED under pressure!
WHY IS FOREX not moving? Here is the answer!Hey tradomaniacs,
As you may have noticed the market is not moving as it should looking at fundamentals and news which is why I`m still staying aside.
A positive newsflow of economic data and very good earning reports plus a rising stockmarket are not really driving currencies as they should due to the fact possible stimulus could continue to boost US-YIELDS, which is currently in favour of the US-Dollar .
In this case we got two intermarket-correlations which are contrary making it harder for forex-pairs to move smooth and clear (especially risk-on-pairs such as AUD/USD and NZD/USD ).
Another example is USD/CAD as the market does not really know where to go as CRUDE OIL currently rises with the US-Dollar .
DXY (US-DOLLAR-INDEX) is by the way creating its first divergences looking at Momentum and indicators such as MAC-D and RSI and I`m waiting for the market either to break through the key-resistance or to create a double-top.
Bond prices and yield are by the way inversely related.
So what shall we look at?
As long as YIELDS continue to be strong with risk-on in the stockmarket we might see currencies stuck in major trend-areas.
This means we either wanna see risk-off in stocks for a bullish USD or falling YIELDS with rsik-on in the stockmarket for a bearish USD!
LEAVE A LIKE AND A COMMENT - I appreciate every support! =)
Peace and good trades
Irasor
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#Patience
Don`t get DUMPED by USD-BULL-PATTERN!Hey tradomaniacs,
The forex-market has been really choppy yesterday due to chaotic equityflow in the stockmarket as Hedge-Fonds are re-positioning.
After the big players were forced to generate margin by closing their red positions volume and open interest decreased drastically for stocks like Gamestop showing that there is no fuel for price to move up anymore. Also suspicious is that demand and supply were very equal and it looks like fonds are exchanging their contracts among themselves.
After a deleveraging-process that you can observe in stocks like Amazon, which dropped by almost -5% fonds took the chance and instantly bought shares back to re-position with longs.
Statistics are showing that fonds are primarily LONG in stocks, which means we might see a contiuation of the current rally and so soon a falling US-Dollar.
This chaotic cashflow out and back into stocks is obviously causing a weird price-action for the DXY (US-DOLLAR-INDEX) as its to and fro in demand and supply.
This current up-move by USD is by the way a very nice chance for fonds to sell as more retailers don`t want to miss the boat and buy.
As long as these reddit-groups are not causing too much uncertainy and fear we have to expect the primary trend to continue.
I`m still waiting for fresh CoT-reports but so far retailers are long against the large speculators.
DON`T get FOOLED by aby patter- THERE is no reason for USD ot go up (fundamentally) as long as the stockmarket stays bullish and BIDEN provides the promised liquidity!
LEAVE A LIKE AND A COMMENT - I appreciate every support! =)
Peace and good trades
Irasor
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Similar Pattern that we saw in JuneDXY is forming a pattern that we last saw in june, that was followed by a drop. we might see another move downwards before market goes into extended consolidation period.
$ will keep fallingDump dollar. Get rid of dollars. DXY going to 88>85>82>below 80. Invest your Dollars.
AUDUSD SHORT TRENDLINE This is just a trend analysis! Please, give a LIKE if you find this idea useful!*
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USDCHF LONG STRONG RESISTANCEThis is just a trend analysis! Please, give a LIKE if you find this idea useful!*
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USD Update 10.24.2020A lot of traders were caught off-guard by the recent USD volatility and we are likely to have a lot more over the next couple of weeks. The USD is currently sitting in the middle of a 4 Hour channel and has tons of room to run Long and Short. However, this recent move seems to be holding below the 50 level suggesting weakness, but we are in an ascending channel so keep that in mind long term.
The double top was offset by a deep low, so the USD is balanced and can run in either direction.
Dollar viewpoint for this weekI think the daily dxy chart is going to sell of as its in a clear distribution, so the only trades i am looking to trade next week as i only trade the trend, is /USD pairs long, metal longs and crpyto long positions. It does not fit my plan to try do the opposite when the daily chart is showing me a clear trend. What i have to watch out for with my battle plan is the weekly dxy chart eventually having to have a retracement of sorts likely to be around the time elections, but I am personally confident the fundamentals to affect the dxy such as stimulus and ongoing crisis in the USA only weakens the dxy in the short term.
Good luck everyone this week.
US DOLLAR (dxy) to fall to 92.00 region and beyondBased on my Elliot wave count, I started shorting the dollar since 94.70 price region. because it is evident that a new impulse wave as resumed towards the downside.
I am expecting more downpour ahead to a minimum of 92.00.
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Thank you
Dollar may bounce up from this region The dollar is possibly in an ending diagonal which do signify the end of an impulse.
We await further price confirmation to pick our buy.
USD AnalysisUSD - Dollar is experiencing a lot of resistance in the zone as marked, so could drop from here. However, if it breaks this area, the next short price would be the QP 98.000. A lot of news for the dollar throughout next week so could be fairly unpredictable. There is also a bank holiday on Friday 3rd July. Overall, I am expecting the dollar to rise this week, which correlates with my future predictions on currency pairs that include the USD, however, due to a lot of news and some resistance shown at current price, my confidence on this is not so high (so there is a chance of drop).
USDJPY Analysis (03/29/2020) Swing TradeExpecting a movement in reaction to the key levels identified on the above chart analysis.
Forex is a highly leveraged product. Trading Forex carries a high level of risk due to the used leverage which can work both to an advantage as well as disadvantage. As a result, trading Forex may not be suitable for all investors due to potential loses of an invested capital. This is not financial advice, but simply an opinion. Follow your analysis, and trade safely. Manage your risk; happy trading!
USDJPY Compra15min Chart - Después de un rompimiento de estructura bajista, puede dar comienzo a un nuevo movimiento a la alza,
- También el otro dato que tengo es que en DAILY llego a un excelente punto de pivote el cual puede rebotar dando un fuerte movimiento a la alza.
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Este es un analisis 100% tecnico basado en mi plan de trading y sentimiento propio aprendidos en el dia a dia en mas de 2 anos de experiencia, siempre es recomendado hacer tus propios analisis y buscar tus propias entradas y salidas basados en tu desicion propia como trader, un saludo.
Yody Iznaga
Pro Forex Trader
USD CADthis is usdcad as i see sell continuation from. see my old analysis which i will tag below .....so we see wedge pattern forms tellin us a sell continuation
*Disclaimer* the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
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long usdcad near 1.3045/30 sl below 1.3010 for trgt 1.3260long usdcad near 1.3045/30 sl below 1.3010 for trgt 1.3260
