Get started

Usdshort

US Dollar meets minimum expectations at 95.70The US Dollar Index has now rallied almost 200 points and has met our minimum projected expectation at 95.70 levels yesterday. Believe it or not, the short term rally that was anticipated could be complete at 95.75 levels, or very close to termination. Looking at the wave structure, an expanded flat corrective a-b-c also looks to be potentially done. If this count holds true, prices may remain below 95.80 levels and continue to drift lower below 93.80 levels going forward. A safe trading strategy could be to remain short until prices remain below 97.00 levels. Disclaimer: This written/visual material is comprised of personal opinions and ideas. The content should not be construed as containing any type of investment advice and/or a solicitation for any transactions. It does not imply an obligation to purchase investment services, nor does it guarantee or predict future performance. FXTM, its affiliates, agents, directors, officers or employees do not guarantee the accuracy, validity, timeliness or completeness of any information or data made available and assume no liability for any loss arising from any investment based on the same.
TVC:DXYShort
by FXTM
DXY / USD likely scenario well into 2019Thanks for viewing. I count 5 small waves up in wave b from 94.43 to 95.74 (of (b) (of B)). My view and we are now about half-way through an upward correction (wave (B) that is part of a larger ABC correction down. I will be watching for the end of wave (B) to not exceed 103.82. If that occurs I will expect wave (C) to the mid-80s. If 103.82 isn't exceeded and we get a nice wave 1 and wave 2 in a 5 wave down-move, I will be buying JPY, AUD, GBP, NZD, gold, possibly platinum, and silver - for a ~12 month hold. I expect all of these currencies (at least vs the USD) and precious metals to get rather tightly squeezed for the rest of the year. Summary, minor move down over the next month or so, then, a larger strong move up (wave (c) of wave (B)) that should take us to the end of 2018, afterwards, a much larger move down (wave (C) - into the mid-80s) in late 2018 early 2019. The reason for my bearishness? Despite being a bear in general, I can't feasibly count anything other than 5 waves down from 103.82 to 88 meaning it is one half (slight less or slightly more) of a larger downward correction. Good luck everyone and feel free to throw me a like, some comments, or criticism (I am not too careful with my wave degrees). I am not a professional, a financial adviser, an experienced FOREX trader, or anything other than an independent amateur contributor so please do your own research. Good luck everyone.
TVC:DXYShort
by flyinkiwi10
1
Dollar Index ResistanceHey traders! Hope you're having a good day wherever in the world you are :) So today I bring forth to you the dollar index which just doesn't seem like it doesn't want to give up it's monstrous run up in the past few weeks... until now I hope. I've drawn in what I think might be a good area of resistance and you know what that means. Time to look for shorting or long opportunities that are paired with the dollar and/or even commodities such as Oil, gold, etc. So get to it and lets make some $$$$.
TVC:DXYShort
by Agentzereo
EUR USD - Interesting setupHello folks , come back to the forex! Today is the first friday of the month , so NFP USA , it would be surely a high volatility day because of this big impact news for the dollar. So my advice is to take position after the news , after the big volatility , but if you have a more aggressive approach , forget what i said! So there is a descending trendline that accompanied the EUR USD falling , now looks like is forming a triangle and this zone might be a good point to go long , with a SL below lows and TP around 1.20700 previous support zone, another reason is the strong falling , looks like need a retracement and this is what we want to take. Don't take that as financial advice and be careful to trade today , it would a high volatility day. Have a nice day!
Long
by maro9392
USD JPY - An inverted H&S?Morning traders! Today let's see USD JPY , in lower timeframes in my opinion there is some short opportunity until 106 zone , price has been rejected from 108 zone 2 times and that's an important resistance zone , while in long term , into the daily timeframe i've seen a potential inverted H&S , is still forming , it's just a potential signal so don't take that like a certainty but it's always interesting. Usually i don't trust really much about '' macro patterns '' as H&S cause sometimes think that some traders '' force '' the pattern but this time might be an important opportunity. Stay tuned and have a nice day traders!
Short
by maro9392