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Don't Short Euro - Upside To GoEuro is going to make one more down leg and it will see extreme volatility to the upside as Dollar is likely to see continued weakness to the downside. Many, many of you are anticipating downside projections but something is telling me to disregard that thought. We will go higher, and trade above 1.19202 significantly. Ideal buy entries can be anywhere from 1.17702 to 1.17444 about a 25.8 pip range to go long. Price should NOT go below 1.17276. GLGT - Thoughts and Feedback are always appreciated, Thank you
Long
by CurranSotomayor
2
AudUsd: Presenting Another OpportunityHello everyone, If you paid attention to my analysis from yesterday and the updates I put out you should be in profit... I am currently up 50 points on Audusd. Looking for more upside momentum, still aiming for the 0.70950 - 0.70980 level. There's a buy opportunity presented within the price range from for a good 50 points with a stop loss suggested to be at 0.70362. That level 0.70362 is not likely to be broken, we're more so likely to drift towards the upside and act like a magnet up until 0.70950 - 0.70980 is hit successfully. Thoughts, feedback, comments, appreciation are always appreciated. GLGT
Long
by CurranSotomayor
7
$Aapl, How about them apples?Smash the like button and the follow button! This is a follow up to the previous chart posted, also containing a previous days disclaimer as the information still applies(110-112 zone note). Apple had a huge day today, but many analyst are calling for the market as whole to be heading back downwards, can Apple keep the steam? Breaking out towards the upside out from a falling wedge, Apple had a CRITICAL day that was necessary for any hope of a recovery soon. Apple needs to hold this zone and break over 112-113 to confirm a trend change and breakout towards the upside. RSI has space to run, which is a good thing, but it needs to take advantage this week to get out of these middle/danger zones. Youll also see there was a partial gap fill that has recently occured (purple zone) A close directly in the vicinity of the 50 day moving average gives the hint that this one could be ready to head back up, we just need a couple more confirmations via price action, and Apple could be back into a bullish mode.
NASDAQ:AAPL
by king806
The Big Scoop! Gold v US DollarFollowing up from my previous video on price of Gold, I show an startling inverse correlation between Gold and strength of the US Dollar (DXY). Before February 2020, Dollar strength basically followed Gold. But after February - the world changed. Keep in mind this was when COVID struck, and the FED flooded the economy with basically 'air money'. COVID popped the baloon that was expanded recklessly for about 11 years. The FED then put 'sellotape' on the balloond and did a fair job of reinflating it, with more 'air' of course. The effect of panic-striken money printing was to cause a loss of strength in the US Dollar against other currencies. Other factors like trade and price of Oil also account for Dollar strength in part. So post-COVID,around April to end of May 2020, the Dollar took on a decompensation pattern and crashed. It could get even worse, as today the FED re-affirmed it's commitment to doing 'whatever it takes'. This is probably not good news for the Dollar, but it's good news for those seeking upside on Gold. Disclaimers : This is not advice or encouragement to trade securities. No predictions and no guarantees supplied or implied. Heavy losses can be expected. Any previous advantageous performance shown in other scenarios, is not indicative of future performance. If you make decisions based on opinion expressed here or on my profile and you lose your money, or miss opportunity, kindly sue yourself.
TVC:DXY
by Captain_Walker
1
CHF/JPY - double breakout to the upside - exceptionally bullishCHF/JPY looks like it could be providing a decent opportunity to enter long based on the current technical analysis and price action. Price broke out from a weekly descending trend channel in Late-July suggesting that the downwards trend is coming to an end, at least in the short term. With our overall bullish bias, price has also now broken from a daily ascending trend channel to the upside. We have waited for a pullback and retest of the daily ascending trend zone before taking a long position, with an initial TP1 of 117.56. If price closes back below the trend zone we will look to close the position.
Long
by TheForexFellows