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USDV2024 trade ideas

#US DOLLAR ANALYSIS BY CRYPTOSANDERS !!#US Dollar Analysis: The US dollar surged after breaking out of the symmetrical triangle pattern. Currently, it's encountering resistance at a horizontal level. RSI signals overbought conditions. A rejection seems probable, but a decisive breakout above resistance would confirm bullish sentiment. Remember, it often moves inversely to the crypto market. Remember:-This is not a piece of financial advice. All investment made by me is at my own risk and I am held responsible for my profit and losses. So, do your research before investing in this trade. Do hit the like button if you like it and share your charts in the comments section. Thank you.
TFEX:USD1!
by CryptoSanders9563
#US DOLLAR ANALYSIS BY CRYPTOSANDERS !! US Dollar Weekly Update. The US dollar has experienced a surge after breaking out of the symmetrical triangle pattern. Presently, it has surpassed the Ichimoku cloud and is facing horizontal resistance. The Relative Strength Index (RSI) suggests an overbought condition. A potential rejection appears likely, whereas a significant breach of the horizontal resistance would validate bullish momentum. It's important to consider its typical inverse correlation with the cryptocurrency market. Remember:-This is not a piece of financial advice. All investment made by me is at my own risk and I am held responsible for my profit and losses. So, do your research before investing in this trade. Do hit the like button if you like it and share your charts in the comments section. Thank you.
TFEX:USD1!
by CryptoSanders9563
I am Ready! are you too?Hi guys sharing daily chart of Us dollar for support and resistance levels for how we can identify that and how it could react if it will reach to mentioned levels of support and resistance, for the executions of coming possible trades in it, I will act accordingly by the mentioned levels on this provided chart. Each and everything explained on chart according to mine best ability. Any query, feedback or enlightenment are most welcome. will update this idea for if I will find something important or good. thanks in advance.
TFEX:USD1!
by AMIT-RAJAN
3
U.S Dollar Bull PhaseThe U.S Dollar appears to be in the early part of what could be a multi- month bull market. Weekly RSI reached the oversold zone below 30% and has crossed above its moving average line, a bullish signal. Weekly Stochastic also reached its oversold zone and has a bullish lines crossover. Minimum upside target is at a .382 retracement of its multi-month decline. A more likely target considering the recent RSI and Stochastic bullish signals is a .618 retracement of the bear market at 36.13. Mark
TFEX:USD1!Long
by markrivest
Big tech earnings awaited; the strong US Dollar could be their a The Big Tech stocks which are listed on prominent North American stock exchanges have been unusually volatile recently. Large technology companies such as Microsoft, Apple and Google are often regarded by traders as steady, non-volatile investments which only move very slightly, hence their wide-ranging popularity among all kinds of traders and investors. Recently, however, things have been somewhat different. There was a considerable collapse in the value of the stock of many big tech companies recently, which even as recently as May this year was being described by the mainstream media as 'far from over'. Such volatility is rare, however now there is another element which is important to consider; the strong US Dollar. The US Dollar has been surprisingly strong against its rival major currencies recently, and this strength is looking likely to affect the performance of the stocks of American big tech firms with a global audience such as Apple, Meta (Facebook), Alphabet (Google), Netflix and Tesla as their largest percentage of sales and revenue is generated outside the United States. Therefore, being US-headquartered companies, the strong dollar vs weaker currencies in the regions in which these companies conduct most of their business means that there is a potential impact on revenues looming. Asian currencies have fallen much less than the euro, and hedging and shifting production can cut currency volatility. This may seem an extreme logistics and organizational exercise, but it is possible given the global footprint of these multinational giants and the need to hedge against the currency market's considerable movements between US Dollar and other currencies lately. To demonstrate how this actually works, it is worth looking at the 11% increase this year against a basket of currencies that the US Dollar has achieved, and especially the 12% it has gained against the euro. This could potentially create a major issue as earnings season begins. For example, many companies included in the S&P500 index generate 29% of their sales from outside the United States according to Goldman Sachs. These companies often sell those products or services in local currencies, then report financial results including those sales in dollars. Therefore, if Nike sells a pair of shoes for 100 euros, it was worth about $7 less at the end of its quarter than at the beginning of the same quarter. Given the economic woes that exist in the United States such as spiraling inflation which is at its highest point in 40 years, and a cost of living crisis, it may be difficult to understand why the US Dollar is rising against other majors such as the Euro and British Pound, both of which are legal tender in regions that face the exact same economic woes as the United States. Mainland Europe and Britain are both mired in high inflation and cost of living crises, but the Dollar is trumping the Euro and Pound. One possible explanation for this could be that the dollar has risen for the reason it often does during global economic weakness, in that it is viewed as the world’s reserve currency, and therefore a safe haven. Perhaps Bitcoin had been viewed that way as it is decentralized and away from the politicians and central banks, but the US Dollar is even performing well against Bitcoin and has been for a number of weeks now. This matter in which the US Dollar's strength may impact corporate earnings is interesting, therefore the big publicly listed stocks are equally interesting to watch as the earnings reports are released.
TFEX:USD1!
by FXOpen
IS THIS THE START OF A BEARISH TREND AND REVERSAL FOR THE USD?In the past week, over the course of the last 7 trading days, the USD has played out perfectly following our previous articles analysis and the more in-depth analysis given to our members as we have successfully predicted every move the USD has made on each of the previous week. In the past week, we have seen a bit of everything from the USD, from a fake bullish run, liquidity being created and taken, and some manipulation, all before a bearish retracement which may be the start of a bearish reversal... Around NON-FARM PAYROLL, the main data to come from the US each month, there is almost always a play from the market that we can easily identify that manipulates the regular retail trader. This play is broken down in depth in our community and the psychology behind it which enables us to understand exactly what the market is doing and why. Following our last update, we explained we had two levels we would be watching out for, the 105.80 support for LONG trades to reach the 108.50 regions if we saw a bearish USD on the back of NFP or, 108.50 regions for SHORT trades, should NFP turn the USD bullish once more. Our technical analysis shows us that either level would have to be reached and we now just needed to wait, have patience, and allow price to come to us before placing the next trade on the USD. On Friday 8th July, the Daily candle closed as a shooting star following the NFP data release that day, after a push to the upside was quickly reversed, giving a bearish indication on the 4-hour timeframe, giving many retail traders the idea of shorting the USD. However, what was followed on Monday was easily predicted as price turned bullish once again, filling and taking out the Daily shooting star with a strong bullish close which liquidated short sellers in the market from Friday. On Tuesday and Wednesday, we saw price move sideways, accumulating more positions from early buyers and sellers and, giving any of the short sellers from Friday who were still in the market a glimmer of hope, as two Doji candles showed there could be some weakness for the market to fall. Then on Thursday, we saw the move the Innovators knew would come, with a strong bullish move to the upside to break the sideways range, wiping out and liquidating the short sellers that had been accumulated during the range and taking out the early sellers from the previous Friday that were holding on for dear life before suddenly .....the reversal came Early in your trading career or maybe even now, have you ever been stopped out of your position and then the market turns in your direction just as you got stopped out? Ever wonder why? This is due to the phycology of the market. The market is 80-90% dependent on psychology and as the participants of the market are human, human psychology, therefore, plays a huge role. Moving on, the price on the USD and our DXY chart has now reversed after rejecting not only the 108.50 region but also pushing through as expected so, where was price heading now? As explained, our technical analysis lets us know that two levels would need to be tested, one has now been hit (108.50) so, now we can expect our second level to be fulfilled, our lovely support sitting at 105.80. Firstly, as covered in our Forex Course Lesson 1 (Which is also available on YouTube) we know that if a Monthly resistance holds, price will go in search of the next support which on our chart was at 106.50. As this level is above the 108.50 support, this became our first target which has now been hit and where some profit has been taken on our short USD trades, with our second target now being 105.80 we are expecting price to reach next. Price is now sitting on the Weekly support of 106.50 and showing some support which is to be expected from a Weekly key level and why we took some profit on the USD shorts. Two daily Doji candles have shown indecision in the market, which on the 4-hour shows price is now in a range. A break and close below this level, and the range, would likely see our 105.80 easily reached and if reached with strong conviction, we will see the next Monthly key level come into play at 104.50. This is giving good downside scope for the USD to move lower and continue this bearish retracement further. The daily Doji candles / 4-hour range will be accumulating orders of both sides of the market bringing in buyers and sellers before the next move. Before the real move, there will likely be a fake-out, so watch out for this. We can expect a minor pullback from the current support before a move lower, as this will bring new retail buyers into the market, buying from this support level which is creating liquidation below the support where price will attack for the next move down. As buyers enter the market, price may push higher temporarily to liquidate the short trades that have entered the market / accumulated during this consolidation/range by taking out the highs from the top of the 4-hour range to use as a catalyst for the next move lower. A move higher will be aiming for the previous 4-hour lower high, which will create a great shorting opportunity with great risk/reward. Tomorrow will be an important day and will tell us a lot about the next move. If we can break below the monthly key level of 106.50 this will show the bears really are in control and a strong close on the Daily chart with close the Weekly candle as bearish. A daily close above, could open the door for INTRADAY long trades, to look for a quick move to capitalise on a small retracement to the upside on the lower time frames as price takes the liquidity from the accumulation of shorts just mentioned, before another leg lower. Though the market has printed a few bearish days, it is far from bearish and the bullish trend is still well intact. Any LONG USD trades are preferred as they are with the overall trend however as we are currently SHORT, Innovation members will be using any potential LONG trades as a hedge, to put us into a win-win situation whichever way the USD chooses to go. Potential INTRADAY long trades will be monitored in early Friday trading where if entered we will be profit taking as price takes out the high of the range and tests the 4-hour higher low. Now we once again wait for price to come to us before we strike. If price does not show any bullish momentum for an INTRADAY move higher, we will wait for price to reach our second target at 105.80 from our last article before entering the next trade. Remember, understand what the DXY is doing and you will know what 90% of the market is going to do.
TFEX:USD1!
by MaureenRovitaSwanston
9
Midterm USD Strength to returnLooking into the weekly chart for the USD, it appears that the USD weakness should be ending soon, and in the coming weeks, going into August, there should be a turnaround, and spike of the USD. Technically, this is a resumption of a larger bullish trend for the USD. Even as the weekly MACD is in the bearish territory, expect and watch as it returns to the bullish territory in the coming weeks. The USD futures should be attempting to break above the 55EMA, and once it does, the underlying bullish trend will continue, albeit stronger if so. IF the scenario plays out as expected, there will be consequences... For example, 1. Bonds yields should drop further as risk aversion starts again; 2. Equity markets should be selling off, possibly in another waterfall scenario; 3. Trigger is likely to be a biological induced financial event, as opposed to 1H2020 sole biological event trigger; 4. Extreme volatility thunderstorms arise... It is still early days, and dark clouds are forming now... currently, neutral on this, so let’s see how it develops...
TFEX:USD1!
by Auguraltrader