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Usdx

Post-breakout pullback into FIB zoneI have been taking a look into dollar index and a strong push up is very likely next 2 weeks, considering all the conditions of what happened: 1. Breakout of descending daily supply trendline (breakout candle - strong bullish, second post breakout candle strong bullish) 2. Trendline breakout retested (important factor: price stayed above the trendline after the retest - uptrending confirmed) 3. Classic pullback into Fib zone (50-61) and retest of last month roof R4 (March breakout level). 4. Demark breakout slingshot projection gives target near April R4 confirming the breakout and April camarilla levels. Also, April resistance CAMR3 coincides with 78 fib level. In the Fib zone we do have untested missed monthly pivot - the question is if price is gonna test it? But then again - missed pivots mark the starts of strong trends. At any case, push back under the trendline does not make much sense.
TVC:DXYLong
by ICFX
DXY Elliott Wave View: Pullback An Opportunity For BullsShort term Elliott Wave view in DXY suggests that the rally from March 09, 2020 low is unfolding as an Elliott wave impulse structure. And shows a higher high sequence in higher time frame charts favoring more upside. While the initial rally to $98.81 high ended wave (1) in lesser degree 5 wave structure. Down from there, wave (2) pullback ended at $97.45 low. The internals of that pullback unfolded as Elliott wave zigzag structure where wave A ended at $97.64 low. Wave B bounce ended at $98.38 high and wave C ended at $97.45 low. Up from there, the index rallied higher in another 5 waves impulse structure within wave (3). Whereas wave 1 ended at $98.44 high, wave 2 ended at $97.95, wave 3 ended in another lesser degree 5 waves at $102.37 high. Wave 4 ended at $101.54 and wave 5 ended at $102.99 high. Below from there, the index is doing a short term pullback against March 16, 2020 low ($97.45) in 3 or 7 swings before last push higher in wave (5) within the rally from March 09, 2020, can be seen. Afterward, the index is expected to do a pullback against March 09, 2020, low & should provide an opportunity to buy the index again in 3 or 7 swings. Near-term, as far as the pivot from $97.45 low stays intact expect the index to extend higher. We don’t like selling it.
TVC:DXY
by Elliottwave-Forecast
USDJPY Almost broke the Monthly Structure. Will it Continue?Look at the monthly trend line the current candle hammered the trend line so hard. But only thing we need to confirm is where this remain broken or will reject back into the structure. USD getting stronger in this COVID tensions. Earlier today got something related to "Cash is King" money becomes powerful than all assets at the moment. Which means demand for Dollar increases. USD held as the common currency in many countries on all major transactions, debts, payouts etc. So at the moment money circulation is high ( Demand is High ). Understand the market properly and get the things work well. Thank you!
by Profitlio_Trading
USDCAD - Short Opportunity Identified on RetestHello Traders I wish you for a very good day! Here I update all my trade plans and setups based on technicals while nothing in here shared as a trading signal. So take them at your own risk. All these remains as just a prediction until we meet with the required criteria. Best regards! This is a very clear structure that price failed since August to break the resistance I have marked up. So with the retest the price has made by now signals me another potential down side which supports for a good profit potential. So trade is active in my portfolio towards shorts Leave me a message on TradingView for other trade related services. Thank You!
Short
by Biconomics
2
Falling DXY Indicating a Long Buy for the GBP and EUR vs the USDThere is a clear and obvious Head and Shoulders Pattern developing in the DXY or the US Dollar Index, (also referred to as the USDX). This H&S Pattern was first evident in Nov 2016 when Trump won the US Elections and it is, currently, again making another appearance. The Lower Arrow indicates 88, which is where the DXY fell to from the first occurrence of the H&S. The Rising Trendline (marked in Green between the Upper and Lower Bounds) has been broken and I feel that it will fall substantially, after rising a bit from its current value. All this implies a good run for the GBP and the EUR vs the USD, (in the case of the GBPUSD; a long trade till 1.3700 or even 1.4000 seems a fairly safe trade). There is also an interesting side-effect of a falling DXY, and that is, a potential weak rise in US Equities based off the back of a weak US Dollar. 2nd Feb 2020
TVC:DXYLong
by supratimbarman
4
The ultimate gold price predictions: the bull consensus is clearGold and silver prices are moderately down in midday U.S. futures trading Tuesday. Some upbeat remarks on the U.S. economy by Federal Reserve Chairman Jerome Powell helped to sink the safe-haven metals today. And on this day the global marketplace decided to brush off the coronavirus outbreak that continues to spread, which in turn rallied global stock markets, a competing asset class for the precious metals. Powell laid out a generally upbeat theme for the U.S. economy. He said the U.S. economy is in a good place at present and hinted the Fed will not be lowering interest rates this year. Powell did say the Fed is closely monitoring the coronavirus situation and said it is likely to slightly impact the U.S. economy. While the coronavirus outbreak continues to spread, it is now spreading at a lower rate of growth of new cases, which has again somewhat assuaged the marketplace Tuesday. There are now over 1,000 reported dead in China and over 42,500 afflicted. On this day the marketplace reckons the spread of the illness is getting under control and that the Chinese government, working with the U.S. and other countries, will keep the outbreak from becoming a pandemic. Traders and investors have been calmed down before on this matter, only to become anxious again. Once again, traders are markets are fickle. The safe-haven metal is in a bullish longer-term technical posture, amid an accelerating price uptrend seen on the monthly chart. More price gains for gold are likely in 2020 and in the coming years, including new record highs coming at some point down the road. In the Short term, Gold prices could drop however and in order to take advantage of the move We are Shorting the gold at the moment hence hedging our existing silver trade.
OANDA:XAUUSD
by GoldSilverAnalyst
What should we do next with USDxHello Trader around the world, how about your last friday, did you trade? Last friday I've trade the USDCAD and AUDUSD currency For AUDUSD I Long and lost already But USDCAD still at the big resistance and I have short already and put a stop loss at 500pip I really want Monday to come fast as I can Today I want to sharing all of you learn about How the currency connect Sometime maybe someone Long and Short position in the same time with same currency It was no good Long EURUSD and also Long USDCAD is wrong But Long EURUSD and Short USDCAD is great Cause if we look at USDx or Dollar index And try to compare with any currency you will see something connect First you shoud know that USDx will move same with USDXXX currency and XXXUSD will move converse in the same time Example Now USDx move up USDCAD should move upward EURUSD should move downward For now about USDx you will see a price have break already so if the price will continue to move up Price should comback and rest at the old Resistance or new support If you see a price move downward to support Is mean that USDx move downward Is mean that USDXXX move downward too Is mean that XXXUSD will move up Did you get it? I hope that the things that I have learned around 3 years can help you and you will be a great trader if you can Trade is a lot of things you have to learn And we always have to update a strategy Is didn't mean you know something and you will rich from it You have learn a lot of things and use it at the right time, timing is so important Just it, that's all for today About how there r connect Sorry for my bad English Hope this week you will get a lot of money Goodluck
TVC:DXYEducation
by TeamothyTrade
WE ARE EXECUTING THE TRADE NOWSignificant rebound in the U.S dollar index, U.S stock indices, and the latest ISM reading have pressured the precious metal sector moderately down.No significant major chart damage has been done. Analyzing the current situation within the sector we believe moderate price decline In Gold near the $1500- $1530 Range could be a bargain to enter long. The solid technical resistance For Gold resides at the January high of $1,619 however breakout over the recent high could open a new wave of buying. We are witnessing less safe heaven demand in silver and on “risk-off” days silver prices are breaking lower with significant volume however we have kept a close eye to this metal as it seems an opportunity To execute the trading position has come. we believe from risk to reward perspective Silver appeal among best opportunities at the moment As the silver price at the moment is 171.96% away from its all-time high made in 2011 whereas The yellow metal is only 17.28% away from its an all-time high. Please Note-All active trading positions could be executed within your portfolio if they have maintained a 1:2 risk and reward ratio. In other words, you shouldn’t be concerned about imitating our exact entry-level instead Initiate the trade if they have maintained a 1:2 risk and reward ratio.
OANDA:XAUUSD
by GoldSilverAnalyst
How high will gold go? Don't Mind The CorrectionFundamentals: As we are publishing this report Gold is trading at $1565 per ounce however the white metal is hovering around $17.60.Gold prices are moderately down after reaching three weeks high at $1590.Significant rebound in the U.S dollar index, U.S stock indices, and the latest ISM reading has pressured the precious metal sector down. The Institute for Supply Management (ISM) said on Monday its index of national factory activity increased to a reading of 50.9 last month, the highest level since July, from an upwardly revised 47.8 in December. A reading above 50 indicates expansion in the manufacturing sector, which accounts for 11% of the U.S. economy.silver prices were sharply down and the white metal has been weak since late December. We are witnessing less safe heaven demand in silver and on “risk-off” days silver prices are breaking lower with significant volume however we are keeping a close eye to this metal as it seems an opportunity is also building. we believe from risk to reward perspective Silver appeal among best opportunities at the moment. The coronavirus that has spread from China to other parts of the world remains in focus for the market. The latest counts show 17,500 Chinese citizens afflicted with over 350 dead. The global and domestic business has been significantly impacted there. The coronavirus outbreak has now reached more than 17,000 confirmed cases and killed more than 360 people in China alone. Outside of China, there are 150 confirmed cases and one death in the Philippines. On Monday $393 billion Got wiped from the Chinese stock market. Chinese economy has already been facing the downturn due to the trade war but now due to the coronavirus outbreak more severe downturn could be witnessed. Due to china's strong position in Global supply chains we could witness the severe downturn spread to other countries' stock index if factory closures are extended further and the market sell-off deepens. Due to China being the second-largest economy in the world, a broader economic impact couldn't be ruled out. Summary: Significant rebound in the U.S dollar index, U.S stock indices, and the latest ISM reading have pressured the precious metal sector moderately down.No significant major chart damage has been done. Analyzing the current situation within the sector we believe moderate price decline In Gold near the $1500- $1530 Range could be a bargain to enter long. The solid technical resistance For Gold resides at the January high of $1,619 however breakout over the recent high could open a new wave of buying. We are witnessing less safe heaven demand in silver and on “risk-off” days silver prices are breaking lower with significant volume however we are keeping a close eye to this metal as it seems an opportunity is also building. we believe from risk to reward perspective Silver appeal among best opportunities at the moment. Please note-We are not holding any position in our trading portfolio at the moment.
OANDA:XAUUSD
by GoldSilverAnalyst
PATIENCE, PROFIT, AND GOLDEN OPPORTUNITYPlease note-Trailed Stop loss at $1540(long entered at $1515) within our gold trading position has been reached Hence position is closed with Profit. At the moment we are not holding any position in our portfolio however, we’ll inform you as always before adding any trading positions within our portfolio. As we are publishing this report Gold is trading at $1550 per ounce however the white metal is hovering around $17.90.We have seen Gold prices reaching $1611 an ounce last week due to the severe conflict between the U.S. and Iran which involves the U.S. killing of the Iranian general Qassem Soleimani and Iran’s missile attack near U.S. troops in Iraq. However the softening of geopolitical tension between both nations along with the signing of a phase-one trade agreement between the United States and China on Wednesday, January 15 helped supporting investor’s and traders’ risk appetite. As a result gold prices Fell as much as $71 /oz from the recent peak, to trade near $1,550/oz currently. On Wednesday, Jan 15 we have also witnessed Dow Jones Industrial average reaching it’s all-time highs and closed above 29,000 for the first time ever. Summary-At the moment we are not holding any position in our trading portfolio even though we think that gold could drop to a range of $1515-$1525 it’s better to patiently wait at the time in order to have strong conviction towards the upcoming position. Any drop in the prices of Gold between the range of $1515-$1525 or near the psychological resistance resides at $1500 per ounce could be a bargain and may push prices higher which implies that something relatively drastic would need to occur for these support levels to be broken. The U.S.-China trade war, Brexit, weak manufacturing data, The uncertain macroeconomic environment, possible re-escalation of the U.S.-Iran tensions. Growing fears of a global economic slowdown or recession and upcoming U.S. presidential election all are supporting the Precious metal sector especially the yellow metal. Our current bias towards the sector is bullish and even though we are not holding any position we believe any correction should be seen as an opportunity to enter a long position between the range of $1515-$1525 or near the psychological resistance resides at $1500.
OANDA:XAUUSD
by GoldSilverAnalyst
We are making enormous gains in our portfolioUPDATE-We have Trailed our stop loss At $1540 hence locking our profit within the Gold Latest trading Position(Long entered at 1515). We would recommend our clients to do the same. Gold and silver prices are lower and nearer their daily lows in midday U.S. futures trading Wednesday after both metals spiked higher overnight following an Iranian missile strike near U.S. troops in Iraq. February gold futures hit a nearly seven-year high of $1,613.30 overnight, while silver scored a more-than-three-month high of $18.895. February gold futures were last down $12.70 an ounce at 1,561.70. March Comex silver prices were last down $0.168 at $18.225 an ounce. Global markets that were open Tuesday evening U.S. time were rocked when Iran launched at least a dozen missiles at military bases in Iraq where U.S. troops were stationed. Iran immediately claimed responsibility for the attacks, which is called “hard revenge” for the U.S. killing of its leading military general last week. There were no U.S. casualties. President Trump tweeted “all is well” and said in a speech Wednesday that Iran is “standing down.” It appears Iran did not want to kill Americans which would then likely see a massive U.S. retaliation. Military analysts believe Iran’s missiles are accurate enough to have inflicted more loss of human life if that’s what Iran’s leaders wanted. As the gold market sold off amid Trump’s speech Wednesday, U.S. stock indexes rallied to session highs and the indexes are now back near their record highs and equity bulls again have upside momentum. Crude oil prices sold off on the U.S.-Iran stand-down and following a bearish weekly U.S. stockpiles report. Crude oil prices spiked to a nine-month high of $65.65, basis Nymex crude oil futures, overnight, but are presently trading sharply down, at around $60.00. In other news Wednesday, the U.S. ADP national employment report for December came in stronger than expected, at up 220,000 jobs versus expectations for a rise of 150,000. The ADP report is a precursor to the more important jobs report from the Labor Department that is due out Friday morning. Please note-Fresh geopolitical risks will be appropriately priced into relatively fairly priced havens (there’s a rethink around negatively yielding European debt undermining their safe haven role) and global markets are only fully 'back to school' next week
FX_IDC:XAUUSD
by GoldSilverAnalyst