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Dollarstrength

US FED's New Policy Shift With Some Dollar StrengthUS FED's New Policy Shift & Medium-term Dollar Strength Wednesday's meeting by the FED has proved true that the FED is making a new monetary policy shift to normalize sooner than later, to reducing the size of the balance sheet ; and, this action that will send yields higher. This has brought strength into the USD. Thus, USD with strength being signaled, I a positive the USD in the medium-term for another quarter or two. This video summarizes a few trades that are being taken and that have been taken due to the highly anticipated event of a FED move, which happen sooner than expected.
by Rocketman
4 June: US30 bearish play is coming Technicals: Price is testing the resistance zone, which is also in line with the fibonacci confluence area found. In terms of market structure, prices broke below the market structure and we could see further downside here. Take profit target would be based off the -27% and -61.8% retracement that was taken from the last move. Fundamentals: Market risk sentiment leans towards a more risk off session on Friday's as investors await US NFP data due later today. A better than expected reading could see the Dollar edge higher, while putting downward pressure on US equities as investors anticipate a shift in the Fed's dovish stance and tapering of bond purchases ahead of expectations. Recent ADP report recorded the highest number of jobs added in the US in 11 months and record service-sector growth and the dollar strengthens after the Fed announced on Wednesday of plans to begin unwinding corporate bond holdings acquired last year through an emergency lending credit facility gradually to minimise any potential impact on the markets.
OANDA:US30USDShort
by T3-Consultancy
Short XAU/USD (swingtrade)Damnn guys! Are we going for over 90% success rate on this channel? :)) Intraday long on XAU/USD was off by a couple of pips, but if anybody followed the signal then nice profits should have been secured with trailing stop loss (1757>1755). Now we're back to the original short swing signal posted last week. Aiming for a TP somewhere in the 1600-1570 zone. Now, I would be lying if I said I caught the move. I may be good at technical analysis, but I still struggle with personal psychology. You would've been more likely to benefit from my signals than I did until this point (not trusting myself, pulling out too early, entering too late etc). Thought I'd be a little vulnerable so all my traders who ended up in loss this week feel a little better!
FOREXCOM:XAUUSDShort
by Katherineszew
4
A stronger Dollar isn't out of the questionThe Dollar index is something I've been grappling with for a while now. I bought into the narrative of a weaker dollar index particularly in light of the mass printing of money by the FED. Surely inflation must be a consequence of the monetary policies that we are seeing...? It just makes so much sense that we see a cheaper Dollar. But the macro people disagree and their arguments are plausible and so i pay attention. The biggest dilemma that i buy into with regards to a stronger Dollar index is the weaponisation of the US Dollar. Why would the US let their supremacy decline without a fight? Policy shock in the Dollar perhaps the biggest risk to countries around the world. My base case is for a weaker Dollar over the next 5 years, however, its not out of the question for the Dollar to strengthen should policy shift. The DeMarker indicator suggest that the Dollar Index should weaken over the short-term but lets see. Very tricky.... Please note, this idea is shared for educational and discussion purposes only and should not result in speculative investment decisions in any asset class.
INDEX:DXY
by JesseMorgans
🔰 DXY - Dollar Index — Two Weekly Targets , Follow for More✅🔰 We will try our best to be consistent with our Trading View Followers with more ideas and updates during the week 🔻 The Dollar Index Daily closed as another Doji Candle again but it has More Bullish Space to trade at — the intraday price has broken our Bearish structure and now trading Bullish to reach for our Weekly Target - For now e will wait until tomorrows London Session take our trade - we want to see a Higher High before London so we can take the perfect pullback 🔹 The next intraday Resistance is Our Weekly Target 🔹 Our Support Zone from here is 90.00 Then to 98.00 if we got any breakout Candle from there 🔔 Dollar Index will be effective this week with NFP events + Be aware of Fake Breakout ✅ DXY Bullishness will make all XXXUSD Pairs trade Lower 😉
TVC:DXYLong
by PipOfLife
2
A Historic Day for the Dollar 7/31/2020Dollar strength at the monthly view. Rest in piece, dollar strength. The dollar put up a fight. However, it failed to close the month above 93.60. As a result, today was the first month that the dollar closed below its 11-year-old channel. That same channel is what stabilized the dollar since the aftermath of the 2008 recession. What does this mean? Inflation is coming for us. From a trading view, equities, commodities, and cryptocurrencies will rise due to the inflation. In addition, traders would be less willing to sell their assets. After all, if equities, commodities, and crypto are rising, when why you would sell for a currency that is losing value? In the longer term, any profits made with those assets could be eaten away by inflation. If silver goes up by another 10%, you sell it for a 10% profit. However, if the dollar tanks about 8%, then the inflation devalued your profits. Also from a trading view, Japan and Germany would face some serious red days since that means their currency strengthens. Japan and Germany are mainly export economies. A stronger currency for them would make them less competitive with their exports. Currently, the Nikkei and DAX are in a state of panic from a weak dollar. From an economic view, this will destabilize the financial sector and slow down economic recovery. Think about it. People won't sell because their assets would be inflated. They would sell if they need immediate cash. If they need cash, they can get a loan at extremely low interest rates. Banks need that interest revenue to survive the next recession. Furthermore, due to inflation, the value of that loan would be eaten away. Even if a bank loans out, they would lose profits due to that inflation. Why is this important? How many developed economies don't have a financial sector (banks)? The dollar would need to pull a miracle by the end of August to have any hopes of a faster recovery from this recession. We are talking north of at least 93.80.
TVC:DXY
by Itsallsotiresome
Dollar Strength's Last Chance 7/30/2020The dollar strength at the monthly. The dollar is in trouble now. That green line was its 9-year uptrend support. The channel itself was 11-years old. The 10-year bonds are also sinking to severely low levels. What does this mean? In the short-term, commodities, crypto (to an extent), and equities will all increase due to inflation. Weaker dollar means more foreign investments and inflating the price. It also means people are less likely to sell. Why is that? Think about it. Why would you sell your commodities or equities that are appreciating over time for a currency that it depreciating over time? If people wanted cash, they can take a loan where the inflation would decrease the severity of that loan too - with extremely low interest rates. In the longer term, this is devastating to the economy in general. You cannot have a thriving economy if your financial sector is unstable. The 10-year bond is one of the centerpieces of the financial sector. Weaker currency and a tanking 10-year bond could destabilize the financial sector. It's not an immediate effect, but it takes weeks or possibly months to sink in. Asset valuations and profit cuts from loans will stress the financial sector. What matters is tomorrow at month's end. If the dollar cannot recover its former channel, then we may see a price increase due to inflation. However, this breakdown will cause may hasten the recessionary effects upon the public. The two most important pillars in almost every economy are the financial and transportation sectors. If the economy wishes to recover faster, it will need a stable financial sector. So, the dollar needs to bounce hard today or tomorrow for that to happen. From a trading perspective, the dollar bouncing may cause a big pullback which may increase volatility within the markets. That would encourage more people to sell. If the dollar bounces hard like that, this may provide much more opportunities for traders to plan their positions. Personally, I'm holding of all trading until I see where the month closes with the dollar strength. I may miss a good run on commodities, but I'm managing the risk for a last chance bounce on the dollar.
TVC:DXY
by Itsallsotiresome
CADUSD: New Channel - Key S/R Zone - Short!?Good Morning, After CAD/USD broke out of the descending trend line I had on my last chart it seems like now it could be forming a descending channel. Price is approaching a key S/R zone and also the top of the channel, it looks like currently price is bouncing downwards off this but we will have to wait for the 4hr close. Once we have confirmation this could be a good short as it seems dollar strength might be gaining pace - good NFP numbers will be driving the dollar potentially and on the other pairs I trade I am starting to get a sense of dollar strength. I will wait patiently to see what the next move is - if price does break up then there is always potential for a short term buy on the bounce off retracement back to channel or SR zone. Let me know what you think!
Short
by Simple_FX_
CADUSD: Potential short incoming! Good Afternoon!, I have been watching and waiting for the price to move back up to the descending trend line and it seems its on its way their now, above in the chart you can see the short term descending trend line and long term ascending trend line are lined up nicely and it seems price should move back down before either bouncing off the ascending trend line and continuing the uptrend or breaking out below it. - I will wait for bearish confirmation on the 4HR time frame before taking a position - My TP target will be around 0.7209 where there is a key support level which also lines up for potential bounce off the ascending trendline From looking across the range of Forex pairs I have published my ideas about there seems to be a general short term bias to relative dollar strength currently in my opinion, as EUR/USD seems to be shaping up for a potential short and USD/JPY is shaping up for a long position as well. Let me know what you think? is the dollar gaining strength currently or do you have a different outlook! Good Luck!
Short
by Simple_FX_
AUDUSD: FIBONACCI CLUSTERSA fibonacci cluster indicates potential reversal zones, on any chart, in any market. They are used to anticipate major support/resistance levels. In this chart the cluster is made up by 4 different levels, consisting of: 61.8% retracement (dark red) 78.6% retracement (red) 127.2% extension (golden) 0.618 projection (black) Bearish hidden divergence, in which price forms a lower high while the oscillator is showing higher highs, confirms the short bias. The blue levels show potential support levels. Looks like $ is gaining strength ?? Good luck to all trading AUDUSD
Short
by MikulovicFOREX
USDJPY small trade ideaI dont normally play USDJPY since it has burned me a lot in the past next to GBPJPY but I am determined to overcome this pair eventually lol. I had put a small buy order in for a USD pullback. Nothing much but I believe we are heading higher in the long term. I see price has made an INV head and shoulder, failed to break out, pulled back to 88% and failed the low and has made a 3rd wave inside this consolidation on the 4HR. I can see price heading back to 109.00 if this is so. Like this idea? Is there something im missing? Help a trader out! Thanks followers! Let me know what you think of USDJPY if you're a forex trader as well! I have attached an old idea I had on USDJPY since the last time I traded it. This shows me we possibly have made a new LOW high price and could be on our way to a higher HIGH on the 4HR chart.
Long
by AschraM
3