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AUD/USD - A Possible Short Term FallIn this 1 Hour chart we can see a good downtrend and a pair of major and minor resistance levels as well as two major support levels .It is more likely and possible to fall short after price touching the trend line and it will probably sell up to to the round number present there 0.78800 and the price is likely to reverse and retrace up to the round number level 0.79400 near the resistance level because there is a solid support level present near the round number 0.7800 .Anyway a short sell is possible but a buy around 0.78800 would be too early to predict. NOTE :- I am not a Pro Trader,just a beginner.Show my mistakes and help me to learn.Just an analysis. Thanks.
Short
by Isuru_M
Game is over | EURUSD should fallPolitically: After a long period of time, politicians battles are almost finished. Expectation is one of the reasons that a market moves. EURUSD strengthened just because people expected a better euro after French election and weak USD because of Trump-Russian, Trump-China and many other Trump issues. Now it is proved that Trump alone cannot change the world and other countries will respond to Trump plans. The market will be normal!! Fundamentally: It is it clear that US economy is much better than EUR zone. Most of European countries' unemployment rate is over 10%. There is innovation in EUR zone and more... Technically: on weekly chart we are in corrective wave and on daily chart we have a big movement upward containing five waves, which means at least a pullback is needed. Disclaimer: I don't about politics but noticed that politics matters Trade your own idea
Short
by UnknownUnicorn372507
DXY: Dollar Index: testing critical support at 97.43DXY: Dollar Index has come back down to retest the recent lows at 97.43 - support extends down to 97.33 - so some kind of a fight should be expected in this range. The pattern is bearish, still (so only a speccy buy for contrarians with a stop just below 97.30) but be aware that a fall below 97.30 will tip DXY into full-on bearish territory again, signalling the next phase of dollar weakness back to 95.93, then, once this fails, to 95.02 (about another 2.5% - same as the last decline). Minor support at 96.90 could trigger a weak rally attempt back up to 97.3 during the early stages of this decline. London's waiting to see if NY steps in here to defend $...if it doesn't ride to the rescue around the open it will show that right now the Dollar hasn't got a friend left in the world...it should start to fall away as quickly as it did on the last decline at that point (barring possibility of a minor bounce at 96.90, as above). Go long Euro on the other side if/when this trade gets triggered (see Euro comment)
TVC:DXYShort
by sumastardon
EUR/USD BEARISH DIVERGENCEPrice rallied up to 1.1180 making new HH, but Stoch failed to make a new high. BB moving horizontal and narrowing. Middle line is no longer supporting the instrument. Upper band is expected to be the closest resistance and lower at 1.1148 is the support. #Price broken down the lower border of the sideways channel and support line at 1.1185, which now has become new Resistance. Expect price to retest this level and watch if its gonna hold or rejected. If pullback, likely this level is a good entry for short. Pls comment below if you have any suggestions.
Short
by JaysMart