Usdshort
Sell angle mirror pattern on USDJPYSell angle mirror pattern USDJPY - 111.63
SL - 111.84
TP - 110.84
RRR - 1:3.8
Additionaly reason to open sell USDJPY - Gold is going higher (attached idea)
USDJPY / 1H / H&SWait for a break and close below the neckline. If we break the neckline we'll move to the indicated level.
USD/CAD Intraday Short to 1.13300On the 4H chart the price has made a steady down-trend and there has been a decending triangle forming. The price also has broken below the 20 and 50EMA which indicates a further downside could be on the way. Since USD data is coming out today, I expect the price on this pair to reach at least 1.33000 which would provide us with a nice 50 PIP short trade.
Where to next for the USD?Hi everyone,
Marvel at my amateur technical analysis and overly wordy explanation for I am a genius!
Pretty simple stuff really, a 40%+ decline 2002 to 2008 followed by an A wave, a B wave and wave C rally starting April 2011. That rally topped in 2016 and we have seen a 5 sub-wave drop down from 104 to 88. Now I won't bore you with facts and figures - you wouldn't comprehend them like I do (because I am a genius). But, I am really quite interested by all this.
Why? Quantitative easing as you will know, is a massive increase in the money supply that is still underway. Low interest rates and huge increase in money supply resulted in the value of the USD going up? Flooding the market with something normally doesn't increase the value of that thing. A large part of the extra USD created has just sat on Corporate balance sheets to offset massive losses in the financial crisis, but clearly a lot has gone into hard and soft assets like the stock market as well. It seems that the Fed can't or won't "normalise." Any announcement of rate hikes send the stock-markets (used to free or almost free money) scrambling. On the face of it, it seems that QE is a one way street. Imagine the reaction if the fed announced a rate hike by 100, 150, or 200 basis points tomorrow (clearly that wouldn't happen).
At least the US was taking action in the face of a crisis, and global money flowed to the relative safety of US markets (from deflationary Europe and Japan and a weakening China) ever since. But there seems to be a build up of energy evident with the USD gaining value while trillions of dollars was created and released into the market.
What is next? Well, it seems that wave B has completed or is near to completion. At the moment, wave B appears to have ended with a diagonal and equal highs (97.71 on both the 10th Dec 2018 and again on the 3rd March 2019). What I expect next is a drop, and for $97.71 to possibly remain the swing high as wave C down starts. The target of 82 is just based on a 1:1 extension of wave A down. It could be longer, and it could be shorter. A drop to 82 would only be a 14% devaluation, which isn't that dramatic. So either wave C is deeper or the stored energy will be released later. It is a bit hard to tell just from the chart, as it only goes back so far.
Let's see. A devaluation like that would likely spike GOLD and may make USD corporations more profitable as well as cheaper to foreigners looking for somewhere safe to keep their money. Too bad the US stock-market is in a bear market. There will be some volatility ahead. Enjoy
short USDJPY for retest of high 108 into AprilLooking to short USDJPY with stop loss at fibonacci support around 112.3 area; targeting 109 area over next month with trade driven by interest rate differentials (carry trade) on US treasuries vs JGB after last weeks break out higher on US 10yrs
USDCHF SHORTFX:USDCHF Short
Looking to short to 0.99050 for roughly 100-120 Pips
Already seeing a nice push downward, and hoping to see continuation to Yellow EMA Shown
LONG Live The Queen As discussed previously, the value of the American Dollar is expected to fall in the coming weeks and months. On the other hand, the notion of a "No Deal Brexit" supports the belief that the British Pound may be getting weaker. However, despite the political and economic turbulence that Great Britain may be facing due to the idea of a "No Deal Brexit," the pound may actually be getting stronger.
There is a weekly head and shoulders that should be completed by the end of the week. With a confirmed break above the neckline at the 0.382 fib level, look for a move up to 1.36000 which falls on the 0.618 fib level. Ultimately, we should look for the upward movement to test a strong monthly resistance at 1.37000 (possibly during the week of the Brexit vote) and a potential break above the resistance that would result in a strong and long-term upward momentum.
H4 USDCAD Short Looking at a short set-up on USDCAD on H4. waiting for pullback to complete then entering short trade.
USD INDEX SHORT @96.1Hello
We expect USD index to drop to 95, small correction is expected first then drop. WE have FED and NFP this week, We will have volatility especially On Firaday. Stay in the sell SIDE and wait for market to come to your target sell area.
THIS MEANS EUR WILL GO DOWN A BIT then GO UP, USDCHF will go down, AUDUSD UP and so on.
Thanks
Twitter ACCOUNT @AHMADSA42854879
USD INDEX SEll @96.5We expect USD index to reverse badly, this is a very good to sell, always use stop loss and trade safe.
USDMXN ShortJust playing out the possible consolidation on the US dollar soon (with Fed rate hike already priced in and divergence seen on RSI in the weekly DXY chart, not to mentioned the possible dovishness of the Fed by 2019). Also just riding the recent ranging movement of this pair.
Setting sell stop order with TP @20-20.1 (-38.2 to -61.8 fib levels) and SL @20.58 (between 61.8-100 fib levels).
www.ft.com
DXY:
Daily:
Weekly:
Confidence: C (high probability of getting whipsawed; also need to close this position before PMI news tomorrow and NFP news on Friday)
Head and Shoulder! Price seems like it's making the right shoulder of this head and shoulder pattern.
Distance from head to neckline = distance que market should extend after the breakout of the neckline.
Best of luck!
