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US Dollar Drops Amidst Fed Rate Pivot and Inflation DeclineIn recent weeks, we have witnessed a significant drop in the value of the US dollar, primarily driven by the Federal Reserve's unexpected pivot towards lower interest rates and the simultaneous decline in inflation levels. This alarming trend has raised concerns among market participants and calls for a proactive response. The Federal Reserve's decision to lower interest rates indicates their growing concerns about the state of the US economy. While this move aims to stimulate economic growth, it inadvertently weakens the US dollar's position in the global market. As traders, it is crucial to stay informed and adapt our strategies accordingly to protect our portfolios and seize potential opportunities. Given the current scenario, I strongly urge you to consider shorting the US dollar. By taking a short position, you can potentially profit from the dollar's decline against other major currencies. However, it is crucial to exercise caution and conduct thorough research before implementing any trading strategy. Market dynamics can be unpredictable, and it is wise to consult with your financial advisor or analyst to ensure your decisions align with your risk appetite and investment objectives. Here are a few key factors to keep in mind while navigating this situation: 1. Stay updated: Continuously monitor news and economic indicators that impact the US dollar's value, such as Federal Reserve announcements, inflation reports, and global economic trends. This will help you make well-informed trading decisions. 2. Diversify your portfolio: Consider allocating a portion of your portfolio to currencies that are likely to strengthen against the US dollar. Diversification can help mitigate risks and optimize potential returns. 3. Risk management: As with any trading strategy, it is essential to implement appropriate risk management measures. Set stop-loss orders and determine your risk tolerance to protect your capital and minimize potential losses. 4. Seek professional advice: Engage with experienced financial advisors or analysts who can provide expert insights and guidance tailored to your specific needs and goals. Please note that the information provided here is for educational purposes only and should not be considered as financial advice. The decision to short the US dollar should be based on your individual analysis and risk assessment. In conclusion, the recent drop in the US dollar's value, combined with the Federal Reserve's shift towards lower interest rates and declining inflation, demands our utmost attention. By staying informed, diversifying our portfolios, managing risks effectively, and seeking professional advice, we can navigate these uncertain times with confidence. Remember, the key to success in trading lies in adaptability and seizing opportunities when they arise. Let us remain vigilant and proactive in our approach to safeguard our investments and capitalize on potential gains.
TVC:DXYLong
by bryandowningqln
How To Read Currency PairsHere's a quick and comprehensive guide on how you can read currency pairs as a forex trader! As usual my objective is to simplify all aspects of trading, so that even someone who has never seen a chart before, can make sense of the topic at hand. Let's get into it - Currency pairs are a combination of 2 different currencies and we can trade them based on how they are compared to each other in terms of price (weighted against each other). How can we use this to make money? 1. Understand the Exchange Rate Let's assume that the current exchange rate for EURUSD is 1.10, that means of €1 is valued at $1.10. 2. Buy Euros If you start with $1000 and you believe the exchange rate may increase in the future, it would be a good idea to convert your Dollars into Euros at the current rate. $1000 / 1.10 (exchange rate) = €909.09 3. Wait for Appreciation Now, let's assume the exchange rate increases to 1.15. This means that €1 is now worth $1.15. 4. Exchange Back to Dollars With your 909.09 Euros, you can convert them back into Dollars at the new exchange rate. €909.09 x 1.15 (new exchange rate) = $1045.45 So, in this example, you've potentially made a profit of $45.45 by anticipating and benefiting from a favorable change in the exchange rate. Major Currency pairs CAPITALCOM:EURUSD CAPITALCOM:GBPUSD FX:USDJPY OANDA:USDCHF OANDA:AUDUSD OANDA:NZDUSD FX:USDCAD Minor Currency Pairs FX:EURGBP OANDA:EURAUD FOREXCOM:GBPJPY OANDA:AUDJPY OANDA:NZDJPY FX:EURJPY OANDA:GBPAUD FX:AUDNZD OANDA:EURCAD FX:GBPCAD That's a mouthful to take in so I'll leave you there. Hope this post helps and as usual... Happy Hunting Predators 🦁🐯🦈
Education
by Apexfx_Alpha
DXY: Under the 1W MA50 indicates a long term selling opportunityThe U.S. Dollar Index closed last week under the 1W MA50 for the first time since August and that signals the bearish extension of the decline that started on the October High. Naturally, the 1W technical outlook has turned bearish (RSI = 42.067, MACD = 0.190, ADX = 46.054) but the 1D is oversold (RSI = 29.749) and calls for a rebound in order to harmonize this state near neutral numbers. That matches very accurately the behavior of DXY after every 1W MA50 bearish breach (circles on your chart) as after the break it always consolidated with a small rebound and then resumed the sell to extend to a new Low. In May 2016 that stopped on the S1 level but in the next two occassions, it made two new Lows on the LL trendline. Consequently our long term target is the S1 (TP1 = 99.550). Then as long as the price doesn't cross over the 1W MA50, we will resell on the bounce and target the LL trendline (TP2 = 96.450). See how our prior idea has worked: ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
TVC:DXYShort
by InvestingScope
$USDJPY Short (Short-Term)Technical Analysis Report: USDJPY Trading Opportunity Overview: At the current juncture, USDJPY is positioned at 149.450, showcasing discernible indications of a bearish reversal. Notably, a bearish RSI divergence signals a misalignment between price action and relative strength, suggesting potential vulnerability in the prevailing uptrend. Technical Indicators: Further substantiating the bearish sentiment, the MACD remains entrenched in negative territory, underscoring the prevailing bearish momentum. Additionally, insights derived from our proprietary probabilities indicator on w.aritas.io illuminate a notable surge in selling pressure. Trade Setup: The proposed strategy entails a prudent SHORT position initiation, contingent upon the confirmation of a breakdown at 150.690. This entry point is strategically chosen to align with the identified technical weaknesses in the current market structure. Risk Management: To mitigate potential downsides, a meticulous risk management strategy has been devised. The Take Profit (TP) objective is judiciously set at 145.450, offering a favorable risk-reward profile. Simultaneously, a well-calibrated stop-loss order is positioned 0.83% above the Yearly resistance, providing a defined exit strategy. Market Context: Contextualizing the trade within the broader economic landscape, the prevailing conditions suggest an advantageous environment for a resurgent greenback. This perspective is fortified by the observation of a gradual uptrend in the EURUSD, further reinforcing the anticipation of a prolonged USDJPY upswing. Future Outlook: In alignment with our comprehensive analysis, we posit that the current correction is a precursor to an imminent bullish resurgence in USDJPY. Our projections point towards a potential retest of yearly resistance levels in the first quarter of 2024. Conclusion: This meticulously curated analysis seeks to present a comprehensive view of the current USDJPY scenario, substantiating a compelling SHORT position opportunity. However, it is incumbent upon traders to exercise prudence, maintain vigilance, and adapt to evolving market dynamics. As always, thorough risk assessment and adherence to a disciplined trading strategy are paramount. Disclaimer: Trading involves inherent risks, and past performance is not indicative of future results. It is advised to consult with financial experts and undertake independent analysis before making trading decisions.
Short
by wikitrades
2
USDJPY: Thoughts and Analysis Today's focus: USDJPY Pattern – HL Continuation Support – 149 - 149.15 Resistance – 151.80 - 149.65 Hi, and thanks for checking out today's update. Today, we are looking at USDJPY on the daily chart. Today's video asks if USDJPY has further to fall or if we will see buyers continue to find some support from 149- 149.15. For now, price continues to trade below the last fast trend, but we haven't seen a new move back to the next trendline. Traders will watch this week's FOMC meeting minutes to see if it continues to guide the USD lower as previous data and Fed comments have done. Good trading.
by Eightcap
AUDJPY: Thoughts and Analysis Today's focus: AUDJPY Pattern – HL Continuation Support – 96.10 Resistance – 97.52 Hi, and thanks for checking out today's update. Today, we are looking at the AUDJPY on the daily chart. Today's video asks if the AUDJPY will continue its continuation pattern. We have run over the price action that drew us to this setup and what we want to see to give us confirmation. We have also run over warnings from price that could invalidate the setup. If we see buyer confirmation, we will then look for a test or break of 97.52 resistance. This could suggest that the current upleg is becoming a new short-term trend. Good trading.
Long
by Eightcap
Can The Dollar Push Higher? Hey traders, welcome back. The dollar is increasing heavily to the upside as I make this video. Now we don't know how price will close but it is important to watch how she closes today. If price continues this could affect the major currency pair market in a mighty way. All Base dollar pairs could continue to increase while Quote dollar pairs could continue to decrease. It's a patience game right now, but may be one to play if you have the right hand.
TVC:DXYLong
by ShaquanLopez
2
USDJPY: Thoughts and Analysis Today's focus: USDJPY Pattern – Ascending Triangle Break (BoJ Intervention?) Support – 149.28 - 148.43 Resistance – 149.90 - 150.16 Hi, and thanks for checking out today's update. Today, we are looking at the USDJPY on the daily chart. Speculation continues as to whether we will see intervention from the BoJ as the USDJPY continues to trade above 150. Currently, the breakout of an ascending triangle pattern yesterday continues to confirm today as buyers continue the run above 149.90 resistance and 150. Pricewise, things look firm on the buyer side, but will we see any surprises today with BoJ intervention? Last time price was above 150, we saw a 1.75% decline. Could another round be on the cards if prices contnue to push higher? Good trading.
by Eightcap
AUDUSD: Thoughts and AnalysisToday's focus: AUDUSD Pattern – Support hold Support – .6285 Resistance – .6425 Hi, and thanks for checking out today's update. Today, we are looking at the AUDUSD on the daily chart. Currently, we are watching price from 6285 support; if this level can hold and the USD continues to push lower, we will look for further upside from the AUDUSD. If buyers can get a mini run going, we see 6425 as the first resistance. If sellers can break today's rally and move below support, this could set up a new leg lower that could test lower 6200 areas if seller momentum can get going. Let's see if buyers can continue to hold 6285 support. Good trading.
by Eightcap
USDPLN Breakthrough: Rally Ahead or Resistance at Play?The rising USD against PLN has finally broken through its descending trendline. This strength in the dollar can be attributed to rising bond yields (amid an unmoved Federal Reserve) and the prevailing economic challenges in Poland and the European Union (recessions). On a technical note: The USDPLN pair has successfully broken out of a descending trendline on the daily timeframe that was evident since October 2022. Post breakout, a retest of this trendline occurred and the pair has since persisted in its upward journey. When zooming in to the 4-hour chart, the upward trend remains unblemished. However, a key observation here is our current position relative to the 'overbalance' level, which stems from February's bullish correction phase. Should the USDPLN manage to breach this overbalance threshold, we could be looking at potential resistance in the 4.27 - 4.33 region. This zone not only houses the 200-day moving average but also coincides with January's previous low and the 38.2% Fibonacci retracement level. #USDPLNAnalysis #ForexTrends #BondYieldImpact #TechnicalBreakout #FiboWatch #CurrencyTrading #EuropeanEconomyInsights
Long
by formaaaa
DXY with a brief consolidation. What is next?We witnessed DXY tap the weekly Volume Gap it had towards the downside. and immediately spring up with an internal market structure shift. is it enough? Price is consolidating here in this area and tho it might seem that further downside is in play we must tread carefully since there are looming wars and conflicts around the world. what does this mean for DXY? The US Dollar being the current International currency in times of turmoil, most flock towards its perceived safety. Do not be surprised if out of nowhere Dollar springs up. Just keep a close eye since this will affect currency pairs and equities alike.
CAPITALCOM:DXY
by JP_Tru
GBPAUD: Thoughts and AnalysisToday's focus: GBPAUD Pattern – LH Trend continuation Support – 1.8935 Resistance – 1.9185 Hi, and thanks for checking out today's analysis. The GBPAUD daily is today's focus. What has our attention is the possible continuation that's setting up. This looks to be a bearish continuation at this point, but we want to see price hit a new lower low for the week to show seller strength. The moving average is sloping down, and the RSI trading below 50 supports sellers, but we still need to see price confirm the move. If buyers can close the above 1.9185, this starts to cancel out this short idea. If sellers can get the move going, we will look to 1.8951 as a potential key resistance area (buyer support). Good trading.
Short
by Eightcap
USDCHF: The top isn't in most likely. 1D MA200 ahead.USDCHF has been rising non-stp since the July 18th bottom on 0.85555 (S1). The 1D outlook is on straight bullish technicals (RSI = 61.656, MACD = 0.005, ADX = 40.729) and as the 1D MA50 has been turned into Support, we expect the rally to peak within the 1D MA200 and the inside LH trendline. That would be as close to the top of the twelve month Channel Down as possible. We will wait until a LH trendline is formed on the 1D RSI, which preceded every sharp selling and was the ideal short signal. Target S1 (TP = 0.85555). Prior idea: ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
by InvestingScope
2