USD/JPY Bearish Pennant Breakout: Short Opportunity at ResistancWe’ve seen a strong breakout from the bearish pennant on USD/JPY. My idea is that when the price pulls back to the pink resistance zone, sellers could return to push the price lower. This would present a potential shorting opportunity from this zone, as the bears may step back in and reject the price at this level. Keep an eye on this zone for a possible short setup.
Usdollarshort
#USOIL 1DAYUSOIL 1 Day Trade Opportunity
Buy Opportunity:
Buy Level: 66.500
Target Levels: 67.500 / 68.500 / 69.500 / 71.500
Description:
Today's analysis of USOIL (Crude Oil) suggests a promising buy opportunity. With the current price at 66.500, the market shows potential for upward movement. Consider entering a long position at this buy level.
Target Levels:- 67.500: Initial target level where short-term gains might be realized.
68.500: A subsequent target indicating continued bullish momentum.
69.500: An intermediate level that may act as a resistance point but offers a chance for profit-taking.
71.500: The final target level, which represents a more extended bullish move.
Monitor the price action closely around these target levels for potential exit points or adjustments to your trading strategy. As always, ensure to implement proper risk management techniques.
bearish drop?The US Dollar Index (DXY) has reacted off the pivot which acts as a pullback support and could drop to the 1st support identified as a pullback support.
Pivot: 103.21
1st Support: 102.55
1st Resistance: 103.69
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Disclaimer:
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USDOLLAR - Double Top Within Up ChannelPrice is reaching the top of an up channel
I expect this to act as a rejection point for price as my current analysis. I have made other analyses in the past that differ from this but this is my latest thoughts.
Staying within the channel is the most likely scenario.
A Buy for the EURUSDOn the 4HTF, the market broke structure to the upside which signifies a change in the orderflow.
I was bullish on the dollar, but right now, my bias has changed, and i am looking to long the EU.
Also, we've built up so much liquidity to the upside, and i think the market might be ready for a correction. I haven't looked at the fundamentals, so this analysis is purely from a technical point of view.
Let me know what you think.
DXY Analysis. is it what i needed? Hello everyone. i want share my idea about us dollar.
First i want tell i started my free signals share in my ideas, i shared 2 signals of gold which was profitable and i will continue that. ( i will link that signals in this idea )
in my last 2 analysis my price prediction was perfect ( i will link that ideas in this post).
In first analysis it retest strong support LVL at 101.8 with big liquidity swing and start strong up trend which retest weekly trendline and daily strong resistance.
In second analysis i said i needed from that point some bearish move which i drawn with the red line, which went well.
WHAT I NEED IN MY LAST THIRD ANALYSIS?
at the moment dollar broke daily bullish trendline, for short that index and long all pairs versus dollar, i would like to see at 4h timeframe brake 102.770 support and after brake i will share another post which will be zone of retest where we should open our positions. i think today when NY session will start they will make big liquidity which will be movement for find new sellers or buyers. if it will not happen today we will see in this week i hope.
Be patient!!!
DXY US DOLLAR AnalysticHello everyone! i want share my idea about DXY US DOLLAR Index.
After big downtrend many weeks ago we see dollar pretty bullish trend which was positive, but this last week we saw many LOW HIGH which means some bearish trend.
Here what we are looking for get trend confirmation, for that we have 2 way, for bullish trend dollar need to brake 103.840 LVL and go up and for bearish trend it need brake test 103.840 LVL fall down and then we have 2 support 103.250-103.070, after brake that levels we can open short position on swing high.
We have in this week lot of news, which i think show us dollar trend, in the end in my opinion dollar still bearish, on 1W chart we have big fall of dollar which is trending down.
This is all what i can say about dollar we need only some breakouts of support for see which way it trending.
BE PATIENT!!!
Central Banks USD Reserves Drop to Record LowsI am writing to bring your attention to a concerning trend that has been emerging in the global economy. The de-dollarization movement is now evident as central banks worldwide reduce their US dollar reserves to record lows.
This trend indicates that the confidence in the US dollar as the world's reserve currency is declining. As forex traders, we must be aware of this trend and its potential impact on our investments.
The US dollar has been the dominant currency in the world for decades, but this is now changing. Countries in the BRICS (Brazil, Russia, India, China and South Africa) have been actively promoting the use of their currencies in international trade, and other countries are following suit.
As central banks reduce their US dollar reserves, its value will likely decline. This could lead to inflation and a weaker US economy. As forex traders, we need to take action to protect our investments.
I encourage you to sell the dollar and diversify your portfolio into other currencies such as the euro, Australian Dollar, etc. This will help to mitigate the risks associated with the de-dollarization movement and protect your investments.
In conclusion, the de-dollarization movement is now evident, and as forex traders, we need to take action to protect our investments. I urge you to diversify your portfolio into other currencies. Let us stay vigilant and proactive in managing our investments.
DXY aka USdollar aka dollar indexi believe there 2 scenarios for the dollar it can pull back then drop or just drop either its bearish right now trying to find support which i believe its around the 102 level after that little sell off i wouldn't be surprised of a pull back keeping eye on it since dollar has news today so moves could be fast
Has The U.S. Dollar DXY Peaked In 2023?After steadily climbing throughout 2021, the DXY saw a solid start to 2022. The US Dollar Index rallied from a low point of 94.63 in mid-January to a 20-year high of just over 114 in late September.
DXY has experienced a significant drop since the publication of cooler-than-expected inflation data. Expectations of slower rate hikes from the Fed, and a lower potential terminal rate for US interest rates, have resulted in a repositioned dollar.
I believe the USD will weaken further in 2023, as its significant overvaluation (based on the real effective exchange rate (REER)) can no longer be supported, once the Fed stops hiking, global growth shows signs of toughing and market volatility comes down.
Technically, the dollar index DXY on the monthly timeframe closed below the 21-EMA for the first time since Aug. 2021, below the critical resistance represented in 102.80 level. Next downside target: 99.35 support level. (on the medium-to-long term)
Dollar vs Yuan Divergence US Dollar vs Yuan or US Dollar vs Offshore Yuan, technically they are establishing divergence. Above chart is my projection in time to come.
When Dollar vs Yuan moves lower, this means we are seeing a weaker Dollar and a stronger Yuan. See the following link for its video version.
The Chinese yuan, also known as RMB, is the official currency of China. It is used both onshore in mainland China and offshore in international markets.
The offshore yuan, also known as the CNH (Chinese yuan - Hong Kong), is the version of the yuan that is traded outside of mainland China. It is traded in offshore financial centers, such as Hong Kong, Singapore, and London. The offshore yuan is not subject to the same restrictions and regulations as the onshore yuan.
The main difference between the onshore and offshore yuan is that the onshore yuan is subject to capital controls imposed by the Chinese government, while the offshore yuan is not subject to these same restrictions. This means that the offshore yuan is more freely tradable and can be used for a wider range of international transactions, such as international trade and investment, while the onshore yuan is more restricted in its use.
Offshore Yuan -
Standard-Size USD/Offshore RMB (CNH)
Outright:
0.0001 per USD increment = 10 CNH
MICRO USD/CNH FUTURES
0.0001 offshore Chinese renminbi per USD
CNH Option
Google search:
USD/CNH Monthly Options Contract Specs - CME Group
Google search
Frequently Asked Questions: USD/CNH options - CME Group
Disclaimer:
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CME Real-time Market Data help identify trading set-ups in real-time and express my market views. If you have futures in your trading portfolio, you can check out on CME Group data plans available that suit your trading needs www.tradingview.com
DXY road to 92, SHORT THE USDThe PetroYUAN is competing with the petroDOLLAR now and is causing concerns amongst the US economy. As BRICS gather forces and continues growing as oil rich countries are also joining forces with BRICS to fight against the petroDOLLAR.
Other economic factors why the DYX is looking weak are:
-Inflation: High inflation can erode the value of a currency, as it reduces the purchasing power of consumers and investors. If the US experiences sustained high inflation, it could weaken the US dollar even if interest rates are high.
-Economic growth: If the US economy is not growing as quickly as other economies, it could lead to a relative decline in the value of the US dollar. This could be exacerbated if other economies are experiencing strong growth and higher interest rates.
-Geopolitical risks: Political instability, trade tensions, and military conflicts can all increase risk and uncertainty, which can lead investors to sell US dollars and seek safer assets. If the US is perceived as a less stable or secure country, it could weaken the US dollar.
-Debt levels: High levels of debt can make a country more vulnerable to economic shocks and reduce its ability to stimulate the economy during downturns. If the US experiences a sharp increase in debt levels, it could weaken the US dollar.
-Market sentiment: Investor sentiment can be influenced by a wide range of factors, including news events, social media, and market psychology. If investors become pessimistic about the US economy or the prospects for the US dollar, it could lead to a decline in demand for US dollars and a weaker currency.