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Usdollarlong

GBPUSD; Bearish on the British Pound Against the US Dollar1. We have gotten a short signal on GBPUSD from our Silver Scalper strategy on the daily timeframe as our Range MA shows a downtrend (background Red) and our Bull/Bear has given a short signal. 2. If the market opens in the R1 range then you can consider entering short and remaining short until we get a Bull signal from Bull/Bear or Range MA shows an uptrend (background Green). 3. Levels to watch to the upside are the ranges at R1 - R3. 4. If the downtrend is still valid, we can add to our short position on additional Bear signals. 5. Levels to watch for reactions to the downside are S1 and S2 where we would hope to see a bull signal to exit short. --- NOTE: We conduct market analysis on a daily basis from a trend trading perspective using our own in house built tools. If you like any of the content we provide please leave a like and a follow to show your appreciation. --- STRATEGY USED: Silver Scalper Trend Confirmation = Range MA Entry Signal = Bull/Bear Power Exit Signal = Bull/Bear Power OR Range MA
by AlphaBotSystem
USDOLLAR Bullish Flag Continuation on H1; Awaiting BreakoutThe USDOLLAR's green 5-hour EMA has crossed above its orange 10-hour EMA (green ellipse) and the RSI is above 50 (blue rectangle). These are bullish developments and suggest an underlying positive momentum. We note that the greenback has almost completed a flag pattern (red parallel trend lines). To complete we need to see a breakout to the upside. A flag pattern is a continuation pattern i.e. the previous impulse up is the dominant direction if the pattern is a true flag. Moreover, flags fly at "half-mast”, which give a price target of 12,513 if realized.
FX:USDOLLARLong
by FXCM
USDOLLAR Runs into Resistance; Oscillators due to NormaliseHere we see the daily chart of FXCM's USDOLLAR index. We note that the green 5-day EMA is above the orange 10-day EMA with good angle and separation. This is indicative of the strong upwards momentum of the greenback. However, technically, the index has run into overhead resistance (red shaded horizontal) at a time when the RSI is overbought (in excess of 80). Furthermore, we can see that the EMAs crossed in early January at about the time the RSI pushed above 50 (aqua ellipses). Thus,the current impulse move is mature and certainly may be close to a correction. If a pullback does chart, it may very well be a buying opportunity. The greenback is a beneficiary of the renewed fears surrounding the spread of the coronvirus, particularity to areas outside of China (we have seen a jump in cases in South Korea and Italy). I.e. the USDOLLAR is currently being utilised as a safe haven and this is likely to continue given the poor choice of alternatives (the JPY seems to have been stripped of this status, at least temporarily. following its 1.6% GDP contraction last week).
FX:USDOLLARLong
by Russell_Shor
USDJPY formed bullish shark | A good long opportunityAfter successful formation of bullish Shark pattern the price line of US Dollar / Japanese Forex pair Yen has formed another bullish shark pattern. Even though the price action has hit the sell zone upto 0.382 fibonacci but all indicators are still turning bullish therefore I am expecting more profit. MACD is turning bullish Stochastic is oversold and has given bull cross Volume profile is showing less interest of traders at this area. I have used Fibonacci sequence to set the targets: Buy between: 105.502 to 103.691 Sell between: 107.035 to 110.572 Regards, Atif Akbar (moon333)
Long
by moon333
BULLISH USD?!Simple 12H analysis on the USD Weighted Index (not DXY) Seems as though we are creating a 1-5 elliott wave, and reacting strongly to the drawn trendline. I expect the market to form the final wave, completing the elliott pattern, and for the impulse to be exact same size as the first wave, which will then bring us to the marked zone, which is a very key weekly reversal area. USD still has some room to gain strength, even with all the trade wars happening. So i expect this to be a smooth journey for a bullish USD across the board. @PipsOfPersia t.me
Long
by PipsOfPersia
1
Long USD/JPY!!SELF DEVELOPMENT/METHODOLOGY/PSYCHOLOGY Chart time frame - H4 Timeframe - 4 Hours Actions on - A – Activating Event Currency Pair pushing off higher support line and breaking resistance line. B – Beliefs Market move towards the first Target 1 level @ 110.350 FX:USDJPY Trade Management Entered @ Sign up for details Stop Loss @ Sign up for details Target 1 @ 110.350 Target 2 @ Risk/Reward @ 1.1 Happy trading :) Follow your Trading plan, remain disciplined and keep learning !! Please Follow, Like,Comment & Follow Thank you for your support :) This information is not a recommendation to buy or sell. It is to be used for educational purposes only!
Long
by SMPTrader
USDCAD Currency Pair Update Nov 7, 2018@12:50 pm ETAs of writing, November 7, 2018 @ 12:26pm, the CAD’s hammer against the USD is packing 0.17% punch while the USD’s hammer against the CAD is packing -0.16% punch. So, at this moment, the Canadian dollar is packing a stronger punch, which means that the Canadian dollar is gaining strength against the USD. So, traders can take advantage of this strength difference by buying the currency with the stronger upside momentum and selling the currency with the weaker upside momentum. These momentum strength differences change over time, however. At some point, we will have to sell the Canadian dollar and take profits because we bought it early in the early stages of its upward momentum. So, it will soon start to give up all the gains that it has acquired during its uptrend. This is where our trading strategy comes in handy, telling us when to get the hell out of the market when its time, and don’t stay a second longer. We have deduced our opinion from observing the 1-hour USD/CAD and CAD/USD charts (both charts revealed the same signal). We will follow this up with more detailed technical analysis. Please click here for the full article.
by mstardom
U.S. Dollar is going to drop compared to Canadian!The U.S. Dollar is going to drop compared to the Canadian dollar because of the recent election in Canada. Having the Liberal party out of the Parliament means that PC will stop the damage that was a ongoing problem with the Liberal Party. The PC party will be creating jobs and will be pulling the Canadian debt back from where it currently is as the liberals buried us in it. the liberals dropped our Dollar about 23.4% over time and that will flip with the new Party in government. So i hope you either will get out or stay in long and hope i am wrong but this is my analysis after the current Election. - Jon Matthews
Long
by matthewsjonfredrick