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Usddollar

USDJPY LONG USDJPY has being bearish for weeks , now price tested a key level at marked zone and rejected it & has closed back above another important zone.We can also see the large engulfing candle showing lots of bullish momentum on the Dollar. If not yet in the trade , wait for minor retracement , to the marked zone then jump in .If it doesnt retrace and continues bullish can look for another setup.Trade will only become invalid if price breaks back below the 104.36. In Conclusion Usdjpy is bullish for longterm investements .
Long
by Arne808
USDTRY In A Bullish Move! - Elliott wave analysisHello traders, USDTRY is bullish, clearly in a five-wave move, up from 5.64 level. We can see waves (I), (II), (III) and (IV) as completed, so recovery from 6.68 can be part of a final wave (V). Wave (V) is an impulse itself, therefore five legs within is must be seen, before resistance, and a reversal in three legs may show up. Now there are only three legs seen, within a wave (V). Possible resistance for wave (V) is at 7.5/7.8 level.
by ew-forecast
USDCAD Targeting 1.385 Level - Elliott wave analysisHello traders, USDCAD started rallying from the 1.3318 low, indicating that wave C) of a higher degree is completed, and that a minimum three-wave turn is underway. We labelled a completed leg A/1 and B/2 as part of a reversal, so current rally from 1.348 swing low can be part of wave C or 3. In case of wave C price can target area at Fib. ratio of 100.0 (1.385 level), where wave A would equal wave C in length, and price would turn lower. However, in case of wave 3, price can reach area at Fib. ratio of 161.8 (1.40 level), and turn lower only for a temporary setback as part of a bullish reversal. Trade well, The EW-forecast team
by ew-forecast
DXYHope all of you survived March 2020... So we have a quite interesting scenarios with DXY which is showing us several possible down movements. What is important to know, we are about to enter "the post-virus economy" which already started with huge stimulus from FED and other CBs worldwide. BUT why don't we get a USD falling into hyperinflation after the enlarged QE and agreed to add up to 2 trl? The answer is in money multipliers but anyway we will see some effect. Let's back to TA, so we have 3 base scenarios: 1. Yellow: we wait for the continuation of down movement after the recent correction; 2. Green: similar to the Yellow but more extended in time; 3. Purple: in this case, we wait for much deeper down movement; P.S. First of all I'm looking at the shape of the movement, not at the price, please don't consider levels and line as a target or as a signal.
TVC:DXYShort
by EmilShakaryan
EURUSD Entering Strong Resistance! EURUSD keeps rising. so many traders are struggling with the identification of the next pivot point for the pair. and indeed: just during the last two weeks, at least 4 key levels were easily broken to the upside without any hesitation. on Friday the pair has reached an important historical area of resistance and the market closed with a strong rejection confirming the significance of the underlined area. based on that, next week EURUSD may retrace lower at least to 1.122 - first strong support. take this into consideration and adjust your trading plan accordingly! have a great weekend! please, support the idea with like and comment! thank you!
Short
by VasilyTrader
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