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DJ FXCM Index

Bearish drop?US Dollar Index (DXY) is rising towards the pivot and could reverse to the 1st support. Pivot: 109.59 1st Support: 107.46 1st Resistance: 111.96 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary. Disclaimer: The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
TVC:DXYShort
by ICmarkets
1
EURUSD Sellers have an advantage towards Trump's Inauguration After carefully following up on US and EURO Zone data. We can positively say that the data has been favorable to the dollar. As at now the Fed has reduced the number of expected cuts this yr while ECB maintains a dovish tone promising a series of cuts even if they are not to be consistent. Also we have seen the NFP Data high and unemployment declining. If Trump maintains his stand on tariffs we should expect the EURO to be hurt.
Short
by WisdomArnold
AUD/USD: Neutrality Emerges in the Bearish ChannelThe dominance of the US dollar, driven by expectations of a high interest rate (4.5%) from the Federal Reserve as the annual CPI (2.9%) remains far from the 2% target , has weakened the Australian dollar in the short term. The AUD/USD has lost 11% of its value since late September 2024, and for now, neutrality has taken over the market as the next Federal Reserve decision (January 29) approaches. Bearish Channel The bearish channel stands out as the most significant technical formation on the chart currently. The price has consistently adhered to oscillations between the channel’s upper and lower boundaries. However, recent minor bullish corrections have led to price stagnation near the support zone, which aligns with the channel's current upper boundary. Over time, this could challenge the integrity of the bearish formation, particularly if short-term buying pressure continues to build. Neutral Movements The ADX indicator line remains above the neutral zone of 20 but has started to decline steadily from its recent highs in the 40 range. The TRIX line continues to oscillate below the neutral 0 zone, indicating that the average movements of the exponential moving averages have been predominantly bearish. However, the line’s slope has turned positive and is gradually approaching the neutral zone in the short term. Both indicator trends suggest that the long bearish momentum might be experiencing a period of exhaustion, coinciding with the neutrality generated by the current support zone. If this effect persists, the existing bearish channel may struggle to generate new lows in the coming sessions. Key Levels 0.62906: Current resistance level. Persistent oscillations near this level could ultimately invalidate the current bearish channel formation dominating the chart. 0.61929: A key support level, responsible for halting the long bearish trend. It aligns with recent weekly lows and the upper boundary of the bearish channel. Sustained oscillations below this level could signal a new phase of selling pressure and revive the current bearish trend. By Julian Pineda, CFA - Market Analyst
by FOREXcom
Trump’s Inauguration: What Lies Ahead?Capping a decisively sweeping victory on 5 November 2024 in what many called a ‘historic comeback’, Republican Donald Trump will be inaugurated as the 47th president of the United States (US) on Monday at 5:00 pm GMT (midday EST). This marks his second run for the highest office. The ceremony is set to take place at the Capitol building. Supreme Court Chief Justice John Roberts is expected to oversee Trump's oath of office, followed by an inaugural address that the incoming President himself has said will be a message about ‘unity’ – very different from his 2017 speech that portrayed the country as ‘American carnage’. Outgoing president Democrat Joe Biden has said he will attend the ceremony, a courtesy not extended by Trump for the former’s inauguration four years ago. Additionally, and in a break from tradition, world leaders have been invited to the ceremony for the first time, including China's President Xi Jinping. Although he will not be attending, Vice President Han Zheng will do so in his place. In addition to world leaders, several influential figures are expected to attend. Elon Musk confirmed his attendance – who, alongside Vivek Ramaswamy, was recently nominated to head up the Department of Government Efficiency (DOGE). We can also expect Jeff Bezos, Mark Zuckerberg, and Sam Altman, CEO of OpenAI, to be present. What Can We Expect from Trump? Trump has assured the world of a hard-hitting approach towards illegal immigration, which is anticipated to include plans for the mass deportation of undocumented migrants. He stated he ‘will launch the largest deportation program in American history to get the criminals out’. Trade tariffs are another key policy that the global economy can expect, as he is anticipated to increase the protectionist policies his administration introduced in the first term. About a year ago, Trump noted that ‘except for day 1’, he would not be a ‘Dictator’; this, as you would expect, sparked outrage from critics. However, if we know anything about Trump, he has a long – some would say ‘colourful’ – history of making incendiary statements that trigger both support and anger as well as generate a torrent of headlines. Undoubtedly, the first 24 to 48 hours of the Trump administration will be eventful and likely elevate volatility across key asset classes, such as Currencies, Bonds, Stocks, and Commodities. The new government is expected to sign over 100 executive orders on day one. Although not usually as many orders, this is a regular practice for incoming Presidents as part of the transition process. I expect Trump to make a statement on his first day in office that may make ‘a few heads spin’. We will likely observe executive orders directed at a crackdown on the US-Mexico border, along with orders focussing on issues such as energy, trade, and actions affecting Federal workers. Additionally, he is expected to roll back any executive orders initiated by the Biden administration that have not yet been finalised. Markets Ahead of Trump’s Inauguration I do not expect to see much price action ahead of Trump’s big day; however, technically speaking, US dollar (USD) bulls remain in control. According to the US Dollar Index, the USD is on track to finish the week moderately lower, snapping a six-week winning streak. The Team and I have been banging the drum about monthly resistance on the US Dollar Index at 109.33 for a while now. This level entered the fray following a three-month rally just north of the 50-month simple moving average (SMA), currently trading at 101.12. With the Relative Strength Index progressing above the 50.00 centreline (positive momentum), this could eventually nudge the USD beyond current resistance towards the 2022 high of 114.78. As seen from the daily chart of the US Dollar Index, the 200- and 50-day SMAs (at 104.68 and 107.32, respectively) are pointing to the upside; you will also note that price action is comfortable north of both dynamic values and that a Golden Cross (50-day SMA crossing above the 200-day SMA) developed in late 2024 – all of which are considered bullish indications. Current price action is shaking hands with resistance at 109.29 (Quasimodo resistance), and sellers have displayed limited enthusiasm as of writing. Absorbing willing offers here pave the way towards another layer of neighbouring resistance at 110.78 (another Quasimodo resistance), followed by the 2022 pinnacle at 114.78, as mentioned above.
TVC:DXYLong
by FPMarkets
Gold (xauusd) indicating a bullish trend on the 2-hour timeframeBased on the provided chart: ### Key Observations: 1. **Trend**: The price is trading within an upward-sloping channel, indicating a bullish trend on the 2-hour timeframe. 2. **Structure**: - BOS (Break of Structure) and ChoCh (Change of Character) annotations highlight the market respecting structure levels while maintaining its upward trajectory. - Recent formations suggest a continuation of the bullish trend after a corrective phase. 3. **Cup Formation**: A rounded bottom ("cup") pattern is visible, often interpreted as a bullish continuation signal. The breakout above the rim of the cup suggests potential further upside movement. 4. **Targets**: - Immediate resistance lies near the upper boundary of the channel (around 2,700–2,710). - A breakout above the channel may lead to more significant gains. ### Potential Trade Scenarios: 1. **Bullish Scenario**: - Enter on a confirmed breakout of the rounded bottom pattern. - First target: 2,700 (upper channel boundary). - Second target: 2,730 (extension beyond the channel). 2. **Bearish Scenario**: - If the price rejects the upper channel boundary or fails to maintain momentum, expect a pullback toward the midline of the channel, around 2,660–2,670. - In case of a breakdown, key support lies near 2,640–2,650. ### Additional Notes: - Monitor volume on any breakout or rejection for confirmation. - Keep an eye on key economic events or news that might influence gold prices, as these can affect momentum.
OANDA:XAUUSDLong
by TRADE_CENTER_1
FOREX Forecast UPDATES! Jan 15, WednesdayIn this video, we will update the forecasts for the following FX markets: USD Index EURUSD GBPUSD AUDUSD NZDUSD CAD, USDCAD CHF, USDCHF JPY, USDJPY The USD is still strong, so no reason to sell in the near term. With price at Monthly and Weekly Supply levels, we have to proceed with caution in the near term. The bias is still bullish until the market gives us a HTF bearish break of structure. Enjoy! May profits be upon you. Leave any questions or comments in the comment section. I appreciate any feedback from my viewers! Like and/or subscribe if you want more accurate analysis. Thank you so much! Disclaimer: I do not provide personal investment advice and I am not a qualified licensed investment advisor. All information found here, including any ideas, opinions, views, predictions, forecasts, commentaries, suggestions, expressed or implied herein, are for informational, entertainment or educational purposes only and should not be construed as personal investment advice. While the information provided is believed to be accurate, it may include errors or inaccuracies. I will not and cannot be held liable for any actions you take as a result of anything you read here. Conduct your own due diligence, or consult a licensed financial advisor or broker before making any and all investment decisions. Any investments, trades, speculations, or decisions made on the basis of any information found on this channel, expressed or implied herein, are committed at your own risk, financial or otherwise.
by RT_Money
Bearish drop?US Dollar Index (DX is reacting of the pivot which aligns with the 61.8% Fibonacci retracement and could drop to the 1st support. Pivot: 109.402 1st Support: 108.50 1st Resistance: 110.17 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary. Disclaimer: The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
TVC:DXYShort
by ICmarkets
1
USD/CHF Wedge BreakoutThe USD/CHF pair on the M30 timeframe presents a potential selling opportunity due to a recent downward breakout from a well-defined Wedge pattern. This suggests a shift in momentum towards the downside in the coming Hours. Key Points: Sell Entry: Consider entering a short position around close to the breakout level. This offers an entry point near the perceived shift in momentum. Target Levels: 1st Support – 0.9094 2nd Support – 0.9063 🎁 Please hit the like button and 🎁 Leave a comment to support for My Post ! Your likes and comments are incredibly motivating and will encourage me to share more analysis with you. Best Regards, KABHI_TA_TRADING Thank you.
Short
by KABHI_TA_TRADING
27
USDCAD Best sell opportunity in 5 years!The USDCAD is standing on unique grounds as it is just below the 9-year Resistance Zone and is consolidating. Last time it hit this Zone was on the week of March 16 2020 and as you can see it got brutally rejected. Both the January 18 2016 and March 16 2020 tops have similar 1W RSI patterns and after their rejection, the price's first stop was on the 0.236 Fibonacci level. As a result, our Target is 1.26000 on this unique long-term sell opportunity. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
Short
by TradingShot
Bearish drop?US Dollar Index (DXY) has reacted off the pivot and could potentially drop to the 1st support. Pivot: 109.38 1st Support: 108.53 1st Resistance: 110.17 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary. Disclaimer: The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
TVC:DXYShort
by ICmarkets
2
XAUUSD POSSIBLE TRADE SETUPPotential Trade Setup on XAUUSD The price broke out of a strong intraday resistance zone and a long-used Trendline but we have yet to retest the broken structure. The price is developing, and I am waiting for a retest of the previously broken resistance and used as support before I look for a LONG trade. You may find more details in the chart! Thank you and Trade Responsibly! ❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
FOREXCOM:XAUUSDLong
by Adefxc
EURUSD POSSIBLE TRADE SETUPPotential Trade Setup on EURUSD The price broke out of a strong intraday support zone, although the Trend remains bearish and the set Trendline keeps the price on the lower part of the market. The price is developing, and I am waiting for a retest of the previously broken support and used as resistance before I look for a SHORT trade. A BUY opportunity is at the top above the weekly Low at 1.04480. You may find more details in the chart! Thank you and Trade Responsibly! ❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
Short
by Adefxc
13
USDJPY consolidating before the next leg up.USDJPY is trading inside a Channel Up since September 16th and in the past 4 weeks has been ranging. This consolidation was also seen on the previous Channel Up pattern of 2024, halfway through the pattern. The 1day RSI patterns among the two are identical, which means that this is a strong buy opportunity. Buy and aim for Resistance A at 162.000 as a short term, low risk target. Previous chart: Follow us, like the idea and leave a comment below!!
Long
by TheCryptagon
GBP/USD Channel BreakoutThe GBP/USD pair on the M30 timeframe presents a potential Buying opportunity due to a recent downward breakout from a well-defined Channel Pattern. This suggests a shift in momentum towards the upside in the coming Hours. Key Points: Buy Entry: Consider entering a Long position around close to the breakout level. This offers an entry point near the perceived shift in momentum. Target Levels: 1st Support – 1.2365 2nd Support – 1.2460 🎁 Please hit the like button and 🎁 Leave a comment to support for My Post ! Your likes and comments are incredibly motivating and will encourage me to share more analysis with you. Best Regards, KABHI_TA_TRADING Thank you.
Long
by KABHI_TA_TRADING
14