Interest
USD Index/DXY short idea (H1)Hello, All!
USD Index TVC:DXY is currently forming the slightly incorrect bearish Wolfe wave.
I would like to underline that this pattern is not a classic one as I'm ignoring extremely long lower shadow of the candle at point 4.
After August NFP/employment/wages data missed forecasts, the USD crashed badly in just 1 min, but returned back to the pattern's structure almost instantly. In this particular case as an exception, I consider this move to be more the market's emotional reaction rather than the real formation of point 4.
Other than that, this pattern looks solid and if the price makes a peak around point 5, this can become an interesting sell opportunity.
GL and profitable week!
Opportunity for SHORT Trades within this Lower High!!Recently we have seen FX:USDJPY reverse from the Major Resistance Level @ 114.000 with Sellers taking back over bringing price straight back down from the Bullish run we had experienced.
This pair has been creating some really nice structure in this current Downtrend with a series of Lower Low & Lower Highs. I believe there is now opportunity to start selling this pair to see if we can encounter some new lows.
I do believe if we carry on creating structure with sellers remaining dominant we could see the next major support level of 109.000 being achieved.
We do have Interest Rate decisions tomorrow from the Federal Reserve with Interest Rates Forecasted to remain the same @ 1.25%, so we will see how the markets will react to this data release.
CAP/JPY Daily SetupWatch out for the Head and Shoulders play on this pair.
Everyone has a different way of trading this formation, watch out for this pair when it moves closer to resistance (or the neckline.)
Follows, Comments, and Likes are appreciated!
AUDNZD Elliott Forecast & Flag Breakout TradeAt the moment, in the big picture we are forming an ABC zigzag correction pattern which will take us into the 1.07408 area in which price will continue upwards. For now we can short down to this level by taking flag breakouts in favor of the downside. We have just closed below an ascending triangle on the lower timeframes and this has lead me to go short taking conservative targets @1.08240.
I may, however, trail stops with structure if the AUD interest rate decision causes more bears to step in.
Dollar Index Daily ChartThe dollar index on the daily chart you can see that we are now in a key area where it is testing resistance from February and November 2015, due to recent results from the US raising interest rates this has caused concern for investors and we have seen a big sell off, I believe we may see a big sell off again after the pullback to 99.26 0.382 fib or even gain strength and break back through the 0.236 fib at 101.00 and then break resistance as shown in the chart.
Euro-Bund big correctionEuro-Bund starts to have more corrective moves.
The last week Euro-Bund correction add some strength to Euro against most of currencies.
If the price of Euro-Bund continue to fall, we may see more strength in the Euro.
Euro-Bund is challenging a major support levels.
A bigger drop or a massive correction of Euro-Bund, may even put pressure on ECB to revise the Interest Rate.
EURUSD UncertaintyCurrently, the sentiment of the pair seems to be clearly inclined to a down movement of the price. But we should rather wait until Friday to find out more about what will be the real direction of the pair.
Note that the US is strongly considering a hike in interest rate which can cause the USD to grow much stronger.
However, the France is currently on crosshead of most European traders. Le pen is one step ahead against his opponent. Her winning the presidential election will be crucial for the Euro and combined with the increase in the FED Interest rate we can almost definitely conclude that the EURUSD pair will undergo a downfall.
AUDUSD pivotFREE FOOD
"Fed on course to raise interest rates at an upcoming meeting: Yellen" -Reuters
This means that the US dollar will appreciate again by around 300 points after the decision.Now seems to be the good time to go long usd. Personally i believe that the AUDUSD is overvalued and should be in the range of 0.65 and 0.7 in the years of 2017/2018 ,but thanks to the rising commodity prices and Donald Trumps fear mongering protectionist policies the aussie dollar stayed clear on the course and has appreciated from falling to 0.72 from 0.75 from the December FED interest rate rate.
SSI Long: Low floater with high short interestSSI
Very low active float due to high tute ownership (0.1% of 30,560,280 = 30,560)
High short interest - 21.6% (6,600,489 @ 13 days to cover)
TTM P/E of 9.17 vs. industry average of 21.04
7.98% dividend yield, ex-div 2/26/2016
No one on StockTwits cares about it... yet
Friendly Unique Forex Reminder to NOT Trade TodayHi there fellow traders, I hope you are all having a great day and a profitable week thus far. This week has been a rough week to trade with all the major economic news events. Last nights the BOJ announced their interest rate decision which they left unchanged and now today we have the interest rate decision from the FED. It is expected that they will leave rates unchanged and therefore the statement will be key. Depending on the view of the FED, hawkish or dovish, will ultimately push the markets. That all being said, it is a complete crap shoot. It is likely that the FED will remain hawkish, but we just never know. As traders it is our goal to facilitate an edge in the markets where the odds sway in our favor. By attempting to trade the FED interest rate decision you are attempting to trade during market conditions where the odds are overwhelmingly against you; that is gambling. Don't be a gambler... be a trader..
We suggest you turn off the computer and get outside. Enjoy the day!
USDCHF triangle breakout weeklya triangle was made on the USDCHF, W. among the possibilities we have an early breakout towards a strong resistance (red arrow), or a break for an hourly short throw the yellow trend line. Next to this the triangle could breakout at any direction. Lets see whats happens with the interest rates on thursday, if they stay the same this probably would be a good long position.
Un triangulo se formo en USDCHF, W. entre las posibilidades existe una posible rotura temprana siguiendo la linea roja hasta la proxima resistencia, o podria romper la linea de tendencia amarilla lo que daría una posición en venta en 1H o 4H hasta el soporte del triangulo. luego de esto el precio podría romper en cualquier dirección. Estemos pendientes el jueves de la decision de tipos de interes del banco de Suiza, si se mantiene igual y los fundamentalistas empujan al dolar tendremos una posición larga muy buena
