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US-DOLLAR

Former Support Channel as Resistance?This is such an interesting technical channel that we saw stemming back from December 2018. While, it failed to continue and broke through, it seems like now price action wants to use that former lower section of the channel that was support as resistance. However, this one is not as perfect as the channel that had formed as price action is creeping back into the channel. Either way, this one is still a fun one to watch considering how technically perfect it was acting for quite a while.
TVC:CAC40
by WhiskeyTangoFoxtrot3
BATUSD Massive Breakout Spike Coming?BATUSD Has been following an interesting pattern since it is available to the market, showing huge spikes in the daily and weekly timeframe time and time again. After taking a closer look in the beginning of the year i knew it found its Support at the 0.10 region and had be quietly watching this pair ever since. So, now we have came near a Critical Resistance level and a downtrend Trendline and it could very possibly break and retest these regions and give us another famous spike into the regions highlighted to fullfill its patterns. NOTE: The regions that are now highlighted are only levels where we have had solid candles bodys. Ofcourse our students had been given this all of this insight before in all depth to be able to anticipate this pair its movement's.
BLong
by ARFinancials
DXY Approaching Resistance, Prepare For A ReversalDXY is approaching its resistance at 97.33 (78.6% Fibonacci retracement , horizontal swing high resistance, Elliott Wave ) where it could reverse down to its support at 96.74 (38.2% Fibonacci retracement , horizontal pullback support). Stochastic (89, 5, 3) is approaching its resistance at 96% where a corresponding reversal is expected. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
TVC:DXYShort
by Klimex
EUR/USD forecast It was a nice week, yeah. Congrats to all who followed my previous EUR/USD forecast. Recently all are talking about coming recession. But is it really coming? – I don’t think so. And I want to give you a few arguments and charts I have taken from Fed website. Many refer to jobless claims in their recession prediction. But the thing is there is a lot of noise in this weekly data. It is just an indicator of changes in employment and unemployment. So, better focus on these two main factors directly and you will not get lost. As you see even ‘noisy’ jobless claims are in the strong downtrend. Consumer and business sentiment used to be considered as important recession indicators too. Few months before the last two recession both data declined. But learn from history. Both sentiments gave lots of false signals. So, we can’t rely on this data. What really matters is auto sales and housing permits. But both are in the strong uptrend, despite some small declines in from time to time. So, we may conclude that US economy is still strong. The credit-to-GDP ratio doesn’t show danger too. I have to agree cycles will change soon. Besides, it’s a fact that recession is the logical end of all strong bull runs. But it’s not time yet. There is no reason to talk about the recession this year. But let’s come back to EUR/USD. Last week pair was under very strong pressure. Traders didn’t get any pullback. I believe it made you happy Anyway I don’t think we will reach our target 1.11200 without a corrective wave. So, watch 1.12650 and 1.13600 as potential sell zones. As I previously mentioned I see an extension of this downtrend to 1.1070. I have to admit that price action doesn’t show yet how the trend will develop. Happy trading!
by UnknownUnicorn1156963
GNTUSD Bullish , never returning to 0.06$.As i saw the Community liking my XRP Chart, i wanted to give everyone another very lovely scenario in the Crypto Economy. This is another Cryptocurrency that has broken loose of the chains of bitcoin's bear market as well as XRP wich i forgot to mention in my last post. Golem , better known as GNT, has been sitting on its bottoms for quite a while in the BUY-IN region of 0.06$ and is now heading to its first region of 0.30$ . if we break and retest this level we are in for more appreciation in value for GNT. PS; I am just showing the basics here to not confuse people , and give everyone a clear view. Deeper insight, levels & analysis are only given to students of AR Financials.
GLong
by ARFinancials
3
USD/CAD Technical AnalysisUSD/CAD eases from 2-week tops. But This pair still struggling around 1.3420, below is support line 1.3390 and then to the March 13 and 15 high near 1.3370. Weakness below the 1.3400 mark could get easily extended towards the 1.3370-65 intermediate support en-route the 1.3335-30 region. Also we are expecting Dxy to go short. But wait for further confirmation during from begining of ny session. Good luck!! Enjoy the lovely weather Londoners ...) uk.tradingview.com
Short
by Shourov_kk
EUR/USD forecast What a hot week it was for forex traders! Federal Reserve doesn’t expect to raise interest rates this year. As you know all were expecting one hike in 2019. So, the news was surprising and pushed EUR/USD up. But it was only jerk-reaction and washing out of weak sellers. As I mentioned many times – trade through the noise. Always try to focus on the bigger picture and keep calm if you see such reactions on news. ECB doesn’t plan to hike rates too. Besides economy slowdown is more significant in Europe. Last week price got strongly rejected from the main resistance. Terrible PMI data was one more factor for EUR currency to drop. Besides, the UK received a short unsatisfying extension to Article 50. As you see all fundamentals are still bearish for EUR/USD and there is no reason for changes in money flow. As EU currency is weaker and has more pressure than US dollar. Technical analysis confirmed our middle term target 1.11200 and I can even see an extension to 1.10500. As fall was sharp we may see a test of 1.12600 – 1.12700 on Monday. But anyway, we have to wait for a pullback to open new sells. So, watch 1.13600 – 1.13700 for targets 1.11500 and 1.11100. Have a profitable week!
by UnknownUnicorn1156963
DXY: Weekly OUTLOOK and LONG-TERM-FORECAST!#FundamentalsHey tradomaniacs, welcome to another OUTLOOK for DXY! Fundamentals: -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- 1. FED began to increase the interest rate too early. Economy not as stable as expected! The current interest rate is at the "neutral point" and does not support or damage the economy. 2. Cool down is noticeable but still "ignored " by the market! Important data such as PMI, CPI and so on are showing worse and worse results. First real reaction was last friday after GERMANYS PMI with the worst result since 2012! 3. Market sees the tradewar as "guiltier". Still hoping a deal between USA and CHINA would safe the markets and push the economy! 4. Yield-Curves about to invert! If low-term-credits are more expensive than long-term-credits banks won`t have any reasons for lending! They would make no profit with this business anymore. This would cause less liquidity! 5. Bonds going up! Safe haven? There are way more fundamentals but I think these points will be enough to show you the circumstances.. The previous FED`s statement was a FULL PACKAGE of doves. -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- The FED`s statement was a big package of DOVISH messages saying that they won`t increase the interest rate this year anymore amid signs of an economic slowdown, and said it would halt the steady decline of its balance sheet in September. Call it the neutral rate.. or just a try to admit not too many failures. I bet POWELL would like to decrease the interest rate but can`t! "What the Fed is doing is trying to engineer a soft landing. What the market is hearing though is things have gotten so weak so quickly ... and the earnings outlook is so dire that real money managers don't want to chase this rally." -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- Technical Aspects: 1. Time-Cycles: Looking at the different Sin-Waves you`ll notice that the previous cycle has been bullish but not able to create a noticable impulse or a new high! This is a strong evidence for weakness attributable to the recent change of the FED`s mind from hawkish to dovish! 2.Price-Action: The market still rotates inside of the marked up trading-range between the significant support and resistance! We are currently at the high important resistance-level (97,29) and are probably creating a double-top-patterm! The BREAK through the current trendline and the subsequent PULLBACk is a typical behaivor and another evidence for a sell-off! If we trigger the neck-line of the Double-TOP we could see another attempt to create a lower low! 3. Fibonacci Ratios: The previous umpulse up to 104,- has ended @ the 161% extension, which is excactly at the 61,& retracement-level in the higher timeframe of the downtrend! The taken profit has caused a sell-off down to the 50% retracement-level which is exactly at the Trendline of the current primary trend! The current diagonal Support is q the 2/1 GANN-FANN! Moving Average: ALL MA/s including 200,100,50 has crossed and are currently retesting the 200 ma! This is the "death-cross" and should be another evidence for a downtrend! The 200 M/A is our current support! Conclusion: If we trigger the DT-Pattern I expect the market to retest 90$! --------------------------------------------------------- LEAVE A LIKE AND A COMMENT - I appreciate every support! .-) Peace and good trades Irasor Wanna see more? Don`t forget to follow me. Any questions? PM me. :-)
TVC:DXYShort
by Trading2ez
EUR/USD forecast EUR/USD made a corrective move up last week as per my previous analysis and trading forecast. I don’t see any big fundamental changes that could influence the money flow and trend. Yes, US economy has many problems. But who doesn’t? Look at the EU. Besides, even economic growth in China is slowing. All this can support dollar. However, we have to be more cautious now, as the trend will change. For now I don’t see any signs of reversal yet. So, look for good entry to short EUR/USD. On smaller TF we have a possible double top formation (not confirmed yet!!) and divergence. But price action seems to be not completed yet. So, I can’t exclude higher range before the next leg down. Our swing targets are still 1.11600 and 1.11200. I think for now it’s better to stick to smaller time frames with targets 1.12800 and 1.12000.
by UnknownUnicorn1156963
EUR/USD forecastLast week EUR/USD fell like a stone. So, congratulation to all who listened to my previous analysis and trading forecast. As you already know ECB is not going to hike interest rates this year. Well, it was a bit surprising, as most of traders expected to see hike till end of 2019. Also, ECB announced refinancing program. But the most discussing topic was NFP data. The numbers were so low. And I know it makes to worry many traders. Well, guys, come down. All is fine – economy is still doing good, nothing bad happened. Really, what numbers could we expect after such long shutdown? I told you many times traders have to know how to read and understand the data. The only reason NFP showed 20k was shutdown. Now lets see what charts are saying. We still have one more chance to short EUR/USD. But don’t be greedy. We took good profits and now have to be more careful as soon reversal will happen. Watch 1.12700 – 1.12400 for rejection, second sellers zone – 1.1300- 1.13300. Then I expect to see reversal from 1.11400 – 1.11000 range. So, don’t miss to book profits. Besides, many other markets will give nice trading opportunities in March.
by UnknownUnicorn1156963
AUD/USD high conviction opportunityOvernight we saw the Aussie take a a hammer blow. With below-forecast Australian Q4 GDP signalling that the country officially entered a “per capita” recession for the first time since 2006. The Aussie was originally pressured by Governor Lowes reiteration of his neutral stance whilst he also noted that is hard to see an RBA rate hike this year. This is what he actually said. "RBA has flexibility to adjust monetary policy in either direction, probabilities of a rate hike or cut are evenly balanced. He also stated it is hard to imagine a rate hike this year, and it is unlikely inflation will be a problem anytime soon. Lowe added that he is confident inflation will get back to the middle of 2-3% target range, Q3 and Q4 GDP likely to be significantly below trend."This coupled with the disappointed GDP caused AUD/USD to plummet before testing 0.7050 to the downside. Another hit was dealt after JP Morgan downgraded their RBA rate forecast to two 25bps rate cuts in July and August 2019, in-line with Nomura’s forecast. On the USD side of the equation we have the DXY initially easing from post-ISM highs wherein the index tested 97.000 to the upside and straddled around 2-week highs. The AUD weakness has spurred the USD on. I see the Aussie slipping throughout the day. Either looking to 70.50 - 60 on a pullback or a break and re-test of the lows.
Short
by FX_Trade_Plan