Dollarstrength
The Dollar is King This chart shows a relationship that every trader who is serious with the business has to keep in mind. The dollar is king, A STRONG DOLLAR ends up WEAKENING
EMERGING MARKETS . This causes a capital flow away from them into safer dollar assets.
Right now , my game plan for the foreseeable future is to look for a short with good risk reward in the EEM as a whole , or break it down into its constituents and look for specific shorts in its holdings.
This dollar strength will also affect commodities , Stocks tied to commodities , XLE , and a myriad of other assets
Exciting times.
USD/JPY- Investor Fears or Market Confusions? Shorts in PlayUSD/JPY has been the most confusing dollar cross as other have rapidly depreciated against the dollar whilst the Yen has done the inverse and actually Appreciated! All thing being equal, the global equities sell off and corrections could spell pure investor fear causing large funds sucking up lots of Yen in Anticipiation of a Market Drop.
The 106.50 Key weekly level is a critical Area for influx of orders in the pair. A break below would indicate a bearish sentiment while a break above the current wedge formation could also signal another Dollar Rally
Fear aside, Sushi is where its at!
XPDUSD- The Annual TradeHello Traders!
palladium (XPD) price is a " pip " away from all time High .
I am looking for a long term sell, which means that I will try to hold the trade until the end of 2018.
However, if we get to 700 I will close the trade with some mad profits.
Dollar is expected to get stronger until the end of 2018, so lets see how we do.
Wonder where is my SL?
Send me a private message and I will tell where and how I decide on my SL.
Trade with care!
Dollar Loosing value - The End Of Petrodollar -> SDR/Gold?Don't get hung up on the stock market, the bubbles. commodities are on sale!
EURUSD Wait for retracement and SHORT CONFLUENCEGood confluence between a head and shoulders forming, a counter trendline test and a fib retracement.
SHORT NZDUSDEntry: 0.73180
- Bearish breakout of previous bullish trend line
- Potential reversal from bullish to bearish below 0.74000, key resistance zone
- Retest of the trend line to go short
Stop: 0.74050
- Placed above previous high and 0.74000
Target: 0.69200 (+4.5R)
Dollar Index Intraday Forecast: move up to 100.75 - 101.0Expect DXY to gain some strength in the first part of the week (100.75 - 101.00). Midterm i think DXY has still some room to drop.
AUD/USD potential inverted head and shoulders - Short term sellAUD/USD did not play out how we predicted last week! Trump's press conference gave USD a chance to correct and give this pair a push higher to break support and this descending trendline. AUD/USD is currently sitting at key weekly support which price reacted off nicely recently. We will be looking for a pullback to the 50 fib/next support at 0.7350 to form a right shoulder of this potential inverted head and shoulders, then longs continue past the neckline at 0.7500 to hit the 61.8 extension at 0.7700 to complete the pattern. Due to such a strong bullish weekly candle the bulls could easily keep pushing and not give a pullback so we will watch this one closely
AUDUSD SHORTShort taken on Friday.
noticed the 3rd trend line touch, alongside the formation of a tweezer top at the 50% fib level.
The MA's have also just crossed indicating downside momentum when you go down to 2H time frame, which i entered off after a counter trend line break.
entry @ 0.7318
stop - 0.7370
tp1 -0.7165
tp2 - 0.0750
1:3 risk reward
peace !
EURUSD following Fibonacci perfectly, easy trade downFibonacci hit a D at 1.0350 almost to the pip, a new fib has formed.
Expecting a move up to 1.0460, where the dollar strength will resume and push down to new lows and to the 161.8% extension at 1.0150
