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Usdshort

USD/JPY OverboughtDue to the chaos caused in the markets this week by the Reddit group/Gamestop stock buying there have been big unexpected moves that have ruined some ideas on here. The markets have started calming now so expect some retraces. This is very much over bought, RSI is at 77 so expect a pullback soon. I have marked the next high with the blue line which is the highest I expect this to go before a pullback but the pullback may come before reaching this. My TP is at 0.5 Fib which aligns with a previous resistance at 104.000. If you want a safer target you can use 0.382 Fib. SL can be just above the blue line marking the previous high. Wait for sing of a pullback using the MACD and EMA's and 1HR timeframe if needed.
Short
by olly48
USD/MXN is going to the gulag... (19.00-19.50 SHORT)The dollar has been on a monthly & weekly bearish downtrend following the cap thrown from both sides of the latest elections, added to new doubts surrounding the now president Joe Biden. Within his first months we have seen a substantial amount of executive orders, however we have yet to see uncle joe help the homies out with the stimulus checks they are in desperate need of. Without this to stimulate the economy, followed by the measly Q4 GDP report TBA this Thursday, I believe the peso will gain that strength. This geopolitical analysis also coincides with the A1 technicals ya boy is putting on full display. As we can see, both in the DAILY as well as the WEEKLY, the pair has broken off a bigger descending channel into a smaller one. Both however have displayed key levels of resistance & support, with the 20.30 4H resistance just above the trendline being touched for juss a lil bit (50 cent voice) yesterday around 2AM CT, before melting back down & closing at the next 4H resistance just inside the upper side of the trendline at 20.10. If the pair manages to close below 20.00, a strong monthly resistance level, 19.80 - 19.60 - and lastly 19.50 would be valid daily levels of support where we could get to the BAGS. (YE$$IRRR) 2021 will be the year of luitrades to take over the USD/MXN pair, it is the only pair I have put consistent analysis into and I plan to share my outlook for the community to see on full display. This will serve as the mixtape before I get signed to a major label. The come up has begun.
Short
by luitrading
SPX500 UP and USD down again? Hey tradomaniacs, for today I`m looking at the correlation of DXY (US-DOLLAR) and SPX500, which are both at points of potential trend-continuation. As mentioned on telegram we have seen a very bearish sentiment of retailers of majors against USD, which is for me a strong reason not to buy the US-Dollar as long there is no fundamental reason. As soon as SPX500 continues its trend we can expect the US-DOLLAR to move down aswell, which would give us a great chance to buy majors such as AUD/USD, NZD/USD, GBP/USD and EUR/USD against the retailers sentiment and with the banks. Still waiting for confirmation! LEAVE A LIKE AND A COMMENT - I appreciate every support! =) Peace and good trades Irasor Wanna see more? Don`t forget to follow me
OANDA:SPX500USD
by Trading2ez
3
Where to buy XRP? | Wave AnalysisHaving legal issues with SEC, XRP has lost a big % of its value lately, causing many buyers to panic sell, due to the negative nature of the news. Although these dips must remind us that we should start take the chance and fill our bags will XRP, before the storm is over and price retreats to new highs. Personally, I have already started buying the small dips, but what about the major buying opportunity. Well, by analyzing the recent wave sequence of XRP price and realizing that a falling wedge is being formed, I have no reasons to not chase a good buy. All the details are already mentioned in the chart, so there's nothing more from me to mention here but a tip. When these situations appear, try to split your capital in pieces and never use it all on one price level, because if you try to catch a falling knife, the chances of you getting hurt are big. Hope I helped some people by sharing my clarity, and gave some food for thought to any wave theory enthusiasts like me.
Long
by GeorgeZii
USD Index eyes further 2% drop, seasonal trends bearish! 📉Hello traders, The US dollar has been in a strong downtrend in the recent months as risk sentiment improved significantly. Markets are always looking 6 to 18 months in the future, and positive vaccine news promises global economic recovery in the next year. Moreover, US President-elect Biden's plans to increase fiscal spending puts additional selling pressure in the US dollar, and rising stock valuations attract funds to the market and increase USD supply. The latest CFTC report showed that the aggregate USD short position increased to USD 27.1 billion . The current positioning has some room to go until it reaches a 52-week extreme positioning. Because, if everyone is already short, who will be selling? Seasonality trends based on the last 33 years show that the US dollar tends to have a bearish bias into the year end, starting from mid-November. Given that the end-of-year rally in stocks will likely put further selling pressure on the greenback, we could soon see the 88.xx area and even a break below. Please hit the "LIKE" button if you find any use in this post, and don't forget to comment!
TVC:DXYShort
by MujkanovicFX
6
Sell USD & BUY High Interest Rate Currencies (RUB, BRL, MXN, ZARWe take a look at why the U.S Dollar is structurally on a bear trend against the High Yielding Emerging Market currencies. Two factors are going against the U.S Dollar. 1.) Low-interest rate differentials 2.) Negative Current Account Balance + Increased Fiscal spending increasing this problem for USD. These four setups are popular trades across investment bank trade recommendations, due to the carry trade attractiveness using the U.S Dollar and a funding currency to purchase and profit from these high yielding currencies. Video cut out due to Tradingview's limit but you will fully understand the fundamentals driving these trades and then using technicals to time our entries.
Short
by KayansMarkets
1