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Usdlong

USDJPY - Is This Just A Healthy Pullback?Analysis: Recently price has just been heading higher and higher on this pair, and we've been looking to catch this move for a while now but we needed to stay patient and wait for a pullback and that's exactly what we might have now. Price has pulled back to a key level of prior resistance and as we know, resistance often becomes support, so this is starting to look like a potential place to enter long. We're also still in an upwards trend as the most recent higher low hasn't been broken so this move to the downside is just a healthy pullback rather then a break of structure. At our area of previous resistance now turned support we also have the 61.8% fib retracement level which is often classed as the strongest fib retracement level so we'd expect that buyers would be sat at this area wanting to hold price and push it higher. On top of that we also have an upwards trendline touch, which acts as dynamic support, so we'd expect buyers to also be sat at this area wanting to hold price and push it higher. All of these technical confluences line up together and signal that this area could hold and provide bullish momentum so we like the look of this. We don't just have the technicals on our side but we also have the fundamentals too. Fundamentally the USD is the strongest major currency compared to the JPY which is the weakest major currency, so this massively goes in our favour. As of the most recent report for institutional positioning we saw the USD stay pretty bullish whereas for the JPY we saw an increase in long positions but we also saw an almost 2.5 times bigger increase in short positions compared to long positions opened. This signals that there is still more possible bearishness to come for the JPY, making it favourable to short rather then going long. With all of the technicals and fundamentals lined up together we have a very strong bias to the long side of USDJPY. Please feel free to leave any comments you have and like this idea if you agree with us. Any feedback or comments will be read and responded to. We any comments at all so thank you! Stay Safe - The JPI Team Disclaimer: This does not constitute as financial advise. We are not responsible for any monetary loss that you endure. Trading is hard to be profitable with and we take losses just like everyone else does too. Our ideas won't always be correct which is why we urge you to always do your own analysis first before entering into the market but please feel free to use our analysis to assist you with yours.
Long
by jpeacockfx
4
USDCHF - Retracement Complete? Possible Bullishness?Analysis: As we're clearly able to see price was in this downwards trend however we've recently broken out of that trend showing a market shift, indicating possible bullishness. Price tried to push higher over the last month but we've since seen price pullback to the area where price broke out of and we expect that this will be a key level which will hold as support and price will continue its upwards reversal. To add to our idea at this level we also have the 61.8% fib level which is often regarded as the most important fib level as it's the one that is respected the most often, so this gives us more confluence to be long, especially from this area. Fundamentally as well the USD is the 2nd strongest major currency where as the CHF is the 5th strongest major currency so fundamentally this already favours our idea. Looking further though we've seen a decrease in long positions on the USD but we saw an even bigger decrease on short positions for the USD by institutions signalling again that there could be more bullishness for the USD to come. The CHF on the other hand had a huge decrease in long positions and an increase in short positions by institutions so this is telling us that we don't want to be going long on the CHF. Institutions have access to a lot more data then retail traders so if they are shorting a currency then there is usually a good reason behind it that the retail traders may not see. Institutions are also the "big money" in the markets so going against the "market movers" is a difficult game to win which is why we take into account institutional positioning. Overall we have a technical and a fundamental bias to be going long on USDCHF which is why we have a bullish bias. Please feel free to leave any comments you have and like this idea if you agree with us. Any feedback or comments will be read. We appreciate it all. Stay Safe - JPI Disclaimer: This does not constitute as financial advise. We are not responsible for any monetary loss that you endure. Trading is hard to be profitable with and we take losses just like everyone else does to. Our ideas won't always be correct which is why we urge you to always do your own analysis first before entering into the market but please feel free to use our analysis to assist you with yours.
Long
by jpeacockfx
53
EURUSD - Will The USD Become The Strongest Currency?Analysis: When we take a look at the technicals for EURUSD, price looks as if it's in an upwards trend as we're forming a series of higher highs and higher lows, indicating to us that we want to long however this isn't what we see and we actually see early signs of a reversal happening. To begin with we have this downwards trendline. Although it has only been respected twice we expect that it will actually hold again for a third time and we will see price reject off of this area. Another confluence on why we think that this area will hold as resistance is because its been tested multiple times. If we look left we can see that price has come to this area before and we then saw a rejection. This has happened twice now and due to other confluence factors we see this happening again. Our final technical confluence factor that we have is this ascending triangle that we broke out of in may indicating to us that there could be some bearishness on the horizon. We're now retesting this ascending triangle and we expect that it will hold as resistance and that price will reverse back to the downside. A big reason for this setup though is the fundamentals so lets take a look at these too. Fundamentally the EUR is just about the 1st strongest major currency compared to the USD which is the 2nd strongest major currency but these two currencies are very close in strength. Whilst this looks like it goes against our idea if we look a little further we get more important data. As of the most recent filling we saw a decrease in long positions by institutions on the USD but we saw an even bigger decrease in short positions by institutions on the USD indicating that there could be some more bullishness coming to the USD whereas for the EUR we saw a decrease in short positions by institutions but an even bigger decrease in long positions by institutions which is bearish for the EUR. This is why we are actually fundamentally bullish on the USD over the EUR. so along with the technicals that we see we're bearish on the EURUSD. Just a note however, this isn't our favourite setup but it fits our plan. We know our strategy is profitable which is why we're taking this setup. We won't know the result until the end but what we know now is that this setup has an edge in the markets so its worth taking and we're confident in it. With that being said lets see if we get that move that we expect. Please feel free to leave any comments you have and like this idea if you agree with us. Any feedback or comments will be read. We appreciate it all. Stay Safe - JPI Disclaimer: This does not constitute as financial advise. We are not responsible for any monetary loss that you endure. Trading is hard to be profitable with and we take losses just like everyone else does to. Our ideas won't always be correct which is why we urge you to always do your own analysis first before entering into the market but please feel free to use our analysis to assist you with yours.
Short
by jpeacockfx
20
NZDUSD - The Bears Are Stepping In!Analysis: As we can see from the charts price is clearly in a downwards trend signalling to us that we want to only be shorting this pair to go with the trend. We can confirm that price is in a downwards trend by the fact that we're forming lower highs and lower lows and the fact that we have a downwards trendline which has been respected multiple times. Price has pulled back to an area that we're very interested in as its held multiple times in the past signifying that it is a strong area and we have other confluence factors at this level too to back up this setup. To add to this idea we've seen the rejection of the 61.8% fib level showing that the sellers have stepped into the markets which helps with our idea. We've also seen the rejection of the downwards trendline just as we expected would happen. This shows that the bears are in control of the market, indicating that there should be more bearish momentum on the horizon which goes with our idea. So technical wise we have a very good reason and bias to the short side but we don't just look at the technicals so taking a look at the fundamentals too, we see that we also have these on our side. Firstly we have the USD which is the 2nd strongest major currency compared to the NZD which is the 4th strongest major currency so this is already pointing to be bearish on NZDUSD but looking further to add more confluence we also see that the USD had a decrease in long positions and a huge decrease in short positions by institutions so overall this is looking bullish for the USD whereas for the NZD we saw a small decrease in short positions but a larger decrease in long positions by institutions which is a bearish indication. Overall we have multiple confluences lining up signalling to us to be shorting the NZDUSD which is why we have a bearish bias on this pair. Please feel free to leave any comments you have and like this idea if you agree with us. Any feedback or comments will be read. We appreciate it all. Stay Safe - JPI Disclaimer: This does not constitute as financial advise. We are not responsible for any monetary loss that you endure. Trading is hard to be profitable with and we take losses just like everyone else does to. Our ideas won't always be correct which is why we urge you to always do your own analysis first before entering into the market but please feel free to use our analysis to assist you with yours.
Short
by jpeacockfx
34
NZDUSD - Breakout Of A Range?Analysis: From the charts we can clearly see that price was stuck in a range until recently where we saw a breakout to the downside signalling to us that there is downwards momentum. With this bias we're only looking for shorts on this pair. Price has since returned to our area of interested, giving us the opportunity to look for shorts from this area. Why this area? Well for added confluence we also have the 50% fib retracement level which has been tagged and which we expect to hold and for sellers to continue to push price down further. Our second added confluence that we have is the downwards trendline that is clearly present on the chart. We expect that this trendline will be respected meaning that price will head to the downside. When we look at the fundamentals these also go in our favour. The USD is stronger then the NZD with the USD being the 2nd strongest major currency compared to the NZD which is the 4th strongest major currency so this helps our idea. For more confidence in this setup the NZD had an increase in short positions meaning that more institutions are starting to short the NZD. Now institutions have access to a lot more data then we do so there must be a reason why they are starting to short the NZD whereas we actually see an increase in both long and short positions on the USD. Although this isn't a positive it also isn't a negative as there are still institutions entering long positions on the USD. With all of the data we have access to and taking a look at the technicals and the fundamentals we are bearish on this pair! Please feel free to leave any comments you have and like this idea if you agree with us. Any feedback or comments will be read. We appreciate it all. Stay Safe - JPI Disclaimer: This does not constitute as financial advise. We are not responsible for any monetary loss that you endure. Trading is hard to be profitable with and we take losses just like everyone else does to. Our ideas won't always be correct which is why we urge you to always do your own analysis first before entering into the market but please feel free to use our analysis to assist you with yours.
Short
by jpeacockfx
8
XCUUSD - Copper Demands On The Decline?Analysis: Looking at the technicals on Copper we can see a clear downwards trend. Price is forming lower lows and lower highs which confirms that we are in a downwards trend. Price has also been respecting a downwards trendline which again shows us that we are in a downwards trend. We're currently sat at an area that we're interested in as price has held this area multiple times in the past so we expect that it will again. To give us more confidence with this setup, at our area we also have the 50% fib retracement level which we suspect bears will be wanting to hold and push price to the downside which favours our idea. We've also got the downwards trendline close by which if price reaches we'd expect to hold and to further help push price to the downside as bears will be waiting at this area. Fundamentally the USD is gaining a lot of strength in recent times and it continues to, until we see this change we are bullish on the USD, so this goes with our idea. Copper demands have decreased recently meaning that Copper prices will decrease. Comparing the decreasing demand for Copper against the strengthening USD it's clear to see that we want to be shorting this pair which is why we have a short bias. Please feel free to leave any comments you have and like this idea if you agree with us. Any feedback or comments will be read. We appreciate it all. Stay Safe - JPI Disclaimer: This does not constitute as financial advise. We are not responsible for any monetary loss that you endure. Trading is hard to be profitable with and we take losses just like everyone else does to. Our ideas won't always be correct which is why we urge you to always do your own analysis first before entering into the market but please feel free to use our analysis to assist you with yours.
OANDA:XCUUSDShort
by jpeacockfx
4
Is this the End of US Dollar Dominance? The US dollar's position as the primary global reserve currency is being challenged as countries become eager to insulate themselves from Washington’s influence. For decades, the dollar has dominated the global monetary system. Currently, about 60 percent of foreign exchange reserves held by central banks are in US dollars, and nearly 90 percent of all currency transactions involve the use of the dollar. However, the dollar's reserve status began to decline in 2014 when some major global powers began to de-dollarize their business dealings. The War in Ukraine, and the subsequent sanctions that it inspired have accelerated the de-dollarization process. For one, Chinese authorities were surprised by the seizure of the Russian central bank's foreign exchange reserves following the Ukraine invasion. In the event of a conflict between the US and China, Chinese assets could also be at risk. Recent de-dollarization events include: During a press briefing at the Davos forum in January, Saudi Arabia's Finance Minister Mohammed Al-Jadaan surprised journalists by stating that the oil-rich nation was willing to consider trading in currencies other than the US dollar for the first time in 48 years. Last week, Chinese and French energy companies completed the first-ever deal on liquefied natural gas (LNG) in China using the renminbi yuan currency. The trade involved the import of 65,000 tons of LNG from the United Arab Emirates and represents a significant milestone in Beijing's efforts to challenge the US dollar's position as the universal "petrodollar" for gas and oil trade. Brazil has also recently announced an agreement with China to trade directly in their own currencies, bypassing the US dollar as an intermediary. India is also making efforts to reduce the US dollar's dominance in international trade by launching separate programs to settle transactions in their own currencies. The Reserve Bank of India recently allowed central banks from 18 countries to open special Vostro Rupee Accounts (SVRAs) to settle payments in Indian rupees. Overall, the US dollar's share of the global market has decreased from 71 percent to 59 percent over the last two decades and could shrink even further in the future. The primary victim in this scenario is the United States, as currency usage in global trade is a zero-sum game. Each time a yuan, real, or rupee is exchanged on the global market, a dollar is not. If credible alternatives gain steam, the dominance of America in the global market will be compromised.
TVC:DXY
by BlackBull_Markets
The pound rebounded as scheduled, can the bulls recover?On Wednesday (March 15), GBP/USD continued to fall by 0.85% to close at USD1.2056.The UBS incident has caused the market to worry about the state of the European banking system, because the impact of the collapse of Silicon Valley Bank, which is a major customer of technology companies in the United States, is accelerating.Credit Suisse's share price plunged by more than 30% at one point, after its largest investor said it could not provide the bank with more financial assistance.The stock's plunge led to a decline in the broader European banking stock index, triggering demand for safe-haven dollars and forcing investors to avoid high-risk currencies such as the British pound.However, the market believes that the eurozone market may be hit first, while the British market is slightly protected, so at this stage, the performance of the pound is slightly stronger than that of the euro.Subsequently, British Chancellor of the Exchequer Hunt announced a fiscal plan. Fiscal measures for this year and next two years will cost 94 billion pounds, demonstrating the British government's determination to boost economic growth and avoid recession.This has helped limit the decline of the pound to a certain extent. On the trend of GBP/USD, it was mentioned in the article yesterday that if the 1.201 position can be supported, it is possible to carry out a short-cycle restorative rebound on this basis.It is currently trading near the level of 1.211.From this point of view, there is still strong support near the 1.201 level below, but the current trend is still volatile and the trend is not clear.The overall volatility range is still limited to between 1.1930-1.22. In order to facilitate everyone to continue to follow up on my analysis and sharing, you can like and follow me; in addition, I will share the daily real-time strategy in the channel. If you can't follow up in real time, you may make operational errors.You can use the following methods to enter my channel for free to follow the latest news and follow up on market trends in real time.
Long
by Short-term-king
USD rally stalls at resistance, pullback and breakout pending?The US dollar index (DXY) posted three solid days of gains between Thursday and Monday. I cannot say I am overly surprised to see A Doji formed yesterday given the resistance cluster around 103.50 which includes a previous support zone, trend resistance and the 50-day EMA. But we also had a change in sentiment for markets yesterday that were eager for a decisively hawkish message from Jerome Powell, which was not delivered. Therefore I suspect the US dollar needs a pullback or period of consolidation before its next leg higher. And I maintain my view that the US dollar remains oversold, and there is more upside on the horizon after its initial pullback is complete.
ICEUS:DXYLong
by CityIndex
3
DXY Possible ReversalHello Traders DXY has retraced 50% of its previous upward move. So maybe it will do a reversal here. Be careful of Liquidity Sweep in every USD pairs. Our technical view has been shown in the chart. If you like it then Support us by Like, Following and Sharing. Thanks For Reading Team Fortuna -RC (Disclaimer: Published ideas and other Contents on this page are for educational purposes and do not include a financial recommendation. Trading is Risky, so before any action do your research.)
TVC:DXYLong
by FortunaInvestments
2