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Dollar Index (DXY) From an educational point of view, time cycle theory shows that the price of the dollar in January is interested in reaching its lowest level. In fundamental terms, the dollar usually weakens slightly towards the end of the presidency. Especially if a Republican like Trump is president. The value of the dollar weakens, especially during the Republican era, and grows during the Democratic era. (Just look at the chart) There are two lines of support here that mark the end of the flat correction pattern. Wave support line (4) and correction wave support line (a) I estimate the probability of a price return from wave support (4) as 30%. And I estimate the probability of a price return from wave (a) support at 80%. I wish you good deals Please like the post and leave a comment so that we can get energy and provide more analysis, thank you
TVC:DXYEducation
by UnknownUnicorn13531177
EURUSD Technical and fundamental analysisFUNDAMENTALS: As relations between London and Washington improve, the situation for Europe over the Brexit agreement has become more difficult. The head of the European Central Bank expressed his concern about the current state of the economy, saying that the central bank had not achieved its goals and that fiscal and monetary policies should continue. An increase in expansionary monetary and fiscal policies will increase the circulation of the euro and thus reduce the value of the currency. And in the current situation, the dollar is strengthening.
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by mr_index
XAUUSD-GOLDThe dollar is strengthening. Commodity price index fell. And bonds rose at the same time. Most foreign currencies (except the US dollar) are depreciating. Market sentiment for the dollar is positive The usual target for gold is a minimum of 1800 and a maximum of 1700, but this depends on market conditions. An increase in the dollar index lowers the commodity price index and, as a guide, reduces inflation Reducing inflation will increase bond prices and consequently increase stocks
OANDA:XAUUSDShort
by mr_index
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GBPUSD technical and fundamental analysisFUNDAMENTAL: United Kingdom: The Bank of England has said it is looking more closely at sub-zero interest rates. With the tripling of the number of coronavirus cases, the UK economy is facing unemployment and problems with the Brexit agreement. Lower interest rates increase liquidity and increase commodity prices, thus reducing the value of the currency. There is a principle in capital markets, which says, "Buy in the time of gossip, sell in the time of reality." United States : The US commodity price index has reached a strong resistance. Treasury bonds are likely to rise. As a result, the dollar strengthens. US economic indicators have weakened in the past week, and that will raise concerns. US economic indicators for next week should be carefully examined. TECHNICAL: In the diagram you see, I used the (SPEEDLINE) technique. I use this technique to determine the speed of the process. If you are not familiar with this technique, let me give you another diagram: You can see the price channel trend in this chart. This price channel has been broken by a powerful candlestick . The price has returned, the main trend line of the channel has become a resistance for the price. I used another technique to confirm that everything is ready for sale. I used the "hand fan" technique Points 1, 2 and 3 are the points of my technique. Breaking the trend line of zone 3 is another confirmation of this pattern for price reduction. Check the news and economic factors carefully. Good luck
Short
by mr_index