US Dollar DivergenceSince July, US Dollar index has been in price divergence. Price action showing signs as well. Is it possible that turn around is coming on Weak US dollar
Usdollarlong
EURO VS DOLLAR in strengthenig with 1.2125 and 1.2200 as targetsThis week as long as the EURUSD price will be above 1.20 trend still bullish . Stay long or open new long positions above 1.20 with 1.2125 and 1.2220 as targets before falling again. Buy the deeps will be the better strategy for EURUSD trading at the moment. On the weekly and daily charts the price of the cross still above all moving averages so that bullish trend is confirmed. Momentum above 100 means that buyers have got control of the cross.
Support levels: 1.1865 - 1.1905 - 1.2000 Resistence levels: 1.2090 - 1.2125 - 1.2200
!The actual possibly is high!Multiple reasons lead to the idea of a UJ long situation over a short. First is USDOLLAR INDEX is testing a support as seen on the right chart, while USD/JPY is testing as well its own support line. JPN looks exhausted and needs to take a nap most likely.
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Fx - USD/JPY
Chart timeframe - 6hr
Area of interest - 109.5, 114.5
Potential target 1 - 112.75
Potential target 2 - 113.5
Potential extended target - 114.5
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Trade Safe everyone!
BUYERS definitely in market.The pair that that is always fair!
UJ weekly showing multiple confluences for rejection zone at around 109 level. If Sunday DAILY closes bullish engulfing we could definitely see lift off of this pair. But downtrend is still currently valid on higher Time Frames so be careful in swinging in any direction. My bias is just visuals of momentum switch on lower Time Frames on this pair.
Higher Time Frames do take more time to show movement so updates on them will be weekly. Setups off this pair will be patient from my end.
EURUSD SHORT SETUPHere we have yet ANOTHER setup for EURUSD shorts, this setup needs to be followed EXACTLY in order to not enter a losing position on this trade.
We need this current strong candle and current low to find a bottom then retrace up to my sell zone (two red horizontals). From the sell zone, look for sniping opportunities on lower time frames to enter sells toward the take profits given (horizontal greens).
WE MAY NOT REACH THE SELL ZONE. In this case, look for a false break of the black trend line. I will also take sells from there.
IF WE KEEP FALLING, and get NO RETRACE, then we may have missed our trade. I will only sell based on a solid bullish pullback given there is an opportunity on a 1hour, 30min, or 15min chart.
HAPPY TRADING!
USDOLLAR - Important Doji on the 886 FIB - Daily - LongThe Doji has spoken :) - well its a daily candle, lets see how bullish the current finishes up.
Possible entries here are a pullback or wait for a break of TL and buy the break (while losing some of the leading gains)
Nicely structured pattern for confluence.
Nice W shape formation on the 4HR following RSI back in the trading zone.
US DOLLAR INDEX: Buy setup on reversal channelHere we have dollar index chart and we are having a reversal channel formation to upside.
Look for breakout and if price does not breakout this time then look for the bottom to buy.
When dollar index moves, it means that dollar pairs will move with it as well (correlation). So you should look for sell on pairs such as NZDUSD, AUDUSD, EURUSD....
US Dollar Bounce & What It Means For Gold!Hey Traders, I am seeing a new Macro Trend Beginning on US Dollar Index 0.08%. If you are not sure what my conditions are for a trend reversal, Please check out my recent tutorial on
"How to read structure (Charts) Tutorial. Charts 1-5" (Linked Below In related ideas). I think the dollar is setting up for a small bounce here and this may cause a pullback in the metals. I do think the dollar will most likely remain in its daily downtrend and Gold -0.13%will remain in its daily Uptrend but this is a good opportunity for a short term long position in the Dollar index 0.01%. Price has broke and close above its previous high twice followed by a nice pullback giving us a good entry. I will be looking for two targets on this trade. If target 1 is reached, I will be looking to roll stops up to my entry price to lock In profits.
Entry- 12207.00
Target 1- 12240.00
Target 2-12272.00
USD DECISION POINTInverted head and shoulders may form.
Medium to long term, USD is fundamentally bullish based on monetary policy divergence, USD shortage, increasing term premia on US 10Y Treasuries.
DAILY VIEW ON DXY - U.S. DOLLAR INDEXHey guys,
Here's my view in the Daily chart. I'm not planing any more sells, I will wait for trend breakout and look for flags to buy!
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Hola chicos,
Aquí está mi visión en gráfico Diario. No voy a planear más ventas, esperaré a la rotura de la tendencia y buscaré banderas de compra!
Carlos
Long USDOLLAR around 12250I am looking for a double bottom, without significantly breaking through the previous highs. The facts that it didn't touch (missed) the support trend line and that it didn't make break from the old resistance are short term bearish of the USDOLLAR. Also it is below RSI 50 and its momentum is clearly bearish.
When the indexs gets near 12260 and the RSI 30-35, I am going to be going long.
Let's make some money boysThe case for USDJPY longs is strong:
1) Strong support area
2) Strong correlation with 10Y yield differential (shown in white). This differential should increase dramatically in the next few weeks/months.
3) Speculative interest is no longer at its highest levels.
4) Other risk assets (e.g. equities) remain well supported.
The market can remain irrational for longer than 'makes sense'.
However these are the opportunities to make real money.
BUY USD: Month-end rebalancing flowsToday's month-end rebalancing flows were understandably USD negative, given the recent USD positioning in the market.
They have given us excellent levels to add to USD longs.
The USD uptrend should resume, given the strong fundamentals in play.
Donald Trump's jawboning simply cannot weaken the USD materially, since he cannot reduce the structural dollar shortage, the $10 trillion off-shore debt or the normal mean reversion of term premia on longer dated treasuries.
I maintain that these are excellent levels to buy USD against all major currencies except gold, given the current monetary policy divergence and structural divergence.
DXY TO RESUME UPTREND: Divergence with 10Y YieldBond yields are moving upwards - NOT because of rate hike or inflation expectations - but because of changes in term premia of longer dated bonds.
Investors are demanding a higher premium to hold longer dated Treasuries.
This naturally pushes bond yields up.
DXY is normally extremely correlated with Treasury yields.
Right now, DXY is trading at a discount compared to the 10Y yield.
This needs to be corrected - suggesting that DXY will resume its uptrend.
Furthermore, US Treasuries are now 'high yielding' bonds.
This should result in capital inflows to the US, away from low yielding currencies such as EUR and JPY.
Equity markets suggest that the current economic climate favours risk, i.e. a 'risk-on' environment.
This, historically, supports high yielding currencies, in particular USD versus EUR and JPY.
All things considered, there are many fundamental arguments supporting USD against most G10 currencies.
Prepare your USD longs!From the chart we can see that the US downtrend will probably end around the 3rd of Feb. A bounce around 12200 and break from the red line, would clearly indicate the end of the pullback after the strong USD rally.
Many important news are coming at the end of this week and during next week, which could really speed things up depending on how good or bad they are for the US trading pairs. I don't expect the fundamentals to be that bad for the US economy and I think the most important things to look at is the FED meeting on the 1st of Feb, as well as the unemployment, non-farm payrolls and the ISM non-manufacturing data on the 3rd of Feb.
www.dailyfx.com
Long Setup for USDCADLooking for a breakout to the upside, due to the strengthening of the US dollar
US DOLLAR (DXY) MEDIUM TERM LONG: Fundamental and TechnicalFundamentally: rising interest rates, higher inflation expectations and a rise in US yields relative to other major G10 currencies should continue to drive the dollar higher.
Further into 2017, $10 trillion of off-shore dollar denominated debt is massively bullish for the greenback.
Technically: The dollar index has broken 100.50 - a major multi-year resistance level.
It has now corrected back to that level, and is supported by the 100.50 - 100.00 region.
After this correction, the dollar index should continue higher to the 105 handle.
New lows in gold for 2017?$GC1! has pretty much proven the 2016 rally was just a reaction high. We'll have confirmation if we close year end below 1307. A close below the 1179 quarterly bearish for year end would raise the probability of new lows DRAMATICALLY.
Would be great value if we could get a pullback to the previously elected monthly bearish level (1242.1) and 50/60 ema. That move would most likely coincide with a pullback in the $DXY -0.14% and $DJY0 to their fib/ema areas.
As Marty always says, just watch the numbers.
USDJPY 10% Move Coming...One of my Golden Pattern is being formed in USDJPY charts and it suggests an up move of 10% very soon, buying zone is till 99, targets could be of around 110, initial.
usdollar dollar is heading up if the opec meetings on november go to plan in cutting oil. Also the dollar is retesting 12100 to 12160 until the interest rate decisions.
