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Usdollor

US DOLLOR INDEXThe weekly price chart below shows the U.S. Dollar Index printed a large bullish candlestick last week, after previously rejecting the support level at 12257, which closed relatively close to the high of its range. The price ended the week at its highest weekly close seen in 18 months. These are all strongly bullish signs for the greenback. The dollar was boosted by last week’s Federal Reserve release which suggested 2022 will see higher and faster rate hikes than had been widely expected. Overall, it seems clear we have a very bullish picture in the USD over the long and medium terms, so it will probably be wise to trade in the direction of long USD over the coming week.
FX:USDOLLARLong
by SmoothJB
AUDUSD!!! Upcoming week! 9 minutes ago AUDUSD FORECAST IS MOVING VERY NICELY FOR THE WEEK AHEAD. We are starting to make Lower lows followed by lower highs, We could look for a nice short to make a new low on the lower time frames. I will be watching this very closely Monday and Tuesday London open. It Price breaks previous high, I will adjust my Bias to see what fits. We do have an Inside bar that we have to be aware of too. Markets change all the time and you have to adjust your mindset so you have a neutral bias. Follow us for more upcoming forecasts and trades
Short
by Jake-from-the-trading-Cartel
1
Buy on USDCHF in Rising WedgeHello my fellow traders, hope you'll make some profits. We are here with our new analysis so that we can increase those profits for you. Let’s get into the analysis. As we can see that the pair started going up after hitting the support line and after hitting the resistance line of the rising wedge it came down and hit the trend-line and support line after which it started going up again. Let us know your views on this in the comment section. Thank you all. There is good news for our followers. We will be analyzing demand. So let us know which pair you want our analysis on and we will get it for you. Do like and follow us. Ryan.R.Lopes
Long
by Ryan_lopes
Some thoughts about the GDX, precious metals, and the USDollarThere has some short term bullish action in the metals and gold miners even as the US dollar has continued to rally which to me is longer term quite bullish. It suggests to me when the dollar finally makes a correction or changes course we could possibly get a great rally in metals. The DXY has passed the .618 level which suggests to me it will likely continue up to at least the .78 level there there are some pattern and Fib resistance correlations (see chart). There is already a bearish divergence in the weekly RSI. There is also a negative reversal in the daily RSI in the GDX. I would not be surprised to see the GDX and metals fall one more time, perhaps to the .78 level in the GDX or even close the small gap. Take care and Hapypy New Year. May it be a profitable and joyous one for you.
TVC:DXY
by goodguy
2
Update on the US Dollar: What next?Obviously it is still in a bullish move. But when will it likely turn town again? We are now at a .62 correction of the drop from A to B (on the monthly chart. Also are at the top of the potential channel I've drawn on the weekly chart. We have a negative reversal followed by a bearish divergence on the monthly RSI and a bearish divergence on the weekly so it is possible we are at the point of reversal. HOWEVER often in a a-b-c-correction there is a fib relationship between c and a. On the monthly chart C= 1.62X A at the .78 correction level and this too would be an very likely level for reversal. So will continue to watch for price action signs of of reversal. If we continue higher from here then would not be surprised to see a rise to the .78 level (around 109.60 level on the DXY). Feedback always appreciated.
INDEX:DXY
by goodguy