Usdx
EUR/USD Prediction - Market Makers Buyers ProfileWe see a setup of MM Buyers Profile, however, based on how USDX is currently position we think that this Buyers Profile will fail on the 2nd leg up because USDX will have finished its correction and then continue its bullish move into liquidity zone.
Short term bullish on EUR/USD but overall bearish.
Possible long to formIf this weeks weekly candle closes above the 20 EMA. I will be looking for a retest of the 20 EMA.
Once the following candle retests the 20 EMA this confirms a buy for me towards a price of 1.35.
Stop loss will be under the 20 EMA.
USDX Forecast - June 21st 2016We believe that USDX is headed for the liquidity zone up around 96.00.
AUDNZDI like the idea of going long here. A break of this support will most likely bring a test of this years low, so i'll look to follow the move down.
SilverShould retest $17 if we see the break maybe higher. Move above 18.75 long term bull market should be in place.
PlatinumI'm already long. I will add to my longs in that pretty little red zone.
Gotta respect that trend!
USDx teetering on the edgeAfter closing below 94 on Friday, this gives a lot of downside exposure as this close displays a lot of USD weakness. If you look at my idea on EURUSD and USDJPY, I have been a strong proponent of USD weakness since late December/early Jan. With the Euro looking like it wants to push up to 1.23/24 (linked) and USDJPY wanting to push lower to 102 and potentially lower yet to 96, it could be a very sharp and swift decline for the dollar.
SILVERSilver looks like is carving out a bottom. Could be the start of a long term rally!
Need to break 18.50 though
USD long, especially against JPY, CHF, GBP and EURSeeing the low of May 3 as the price bottom of a 3 wave correction for the previous leg up from 72 to 100.
If that proves right, aim above 114 and towards 120.
A more complex correction, with a low in the area of 89 or 90, shall not be excluded.
