DXY - USD Dollar Short Idea!The USD dollar is in very difficult times, with interest rates and trade tariffs.
US-DOLLAR
HAPPINESS WON'T LAST FOREVERMore banks are updating there forecast on gold and silver prices, however, most of them are “cautiously bullish” on gold prices, As of midnight on Friday gold is trading around $1234 while silver underperformance could be noticed by investors, trading at $14.700.Gold has broken above the psychological resistance $1200 from the last two weeks.
Bhar pointed out-The rally came amid inflows into gold-backed exchange-traded funds, Furthermore, he continued, there has been a pickup in gold purchases by central banks, including Hungary, Poland, India, Turkey, and Mongolia, in addition to regular gold buyers Russia and Kazakhstan.
most fund managers, investors, and traders including me are cautiously bullish(although I am still very bearish not because we have bias towards our short existing position but because of numerous evidence that suggests us that precious metals still has a lot more downside potential before it will start a significant rally), Money managers still hold a large net bearish position in gold futures. our upcoming analysis will list the factors that could limit the upside in near term-
we understand that the rising US dollar will be negative for precious metals sector and did you noticed USD index moved and closed above the neckline of its inverse head and shoulder pattern-This could be important as we could witness a breakout very soon which will eventually drag precious metals prices down
To prepare for an epic buying opportunity in gold and silver in 2019, consider learning more about our premium service as we believe The upcoming move in PM sector seems to be extremely bullish but before that happens it's very critical to understand that gold 0.07% and silver -0.20% didn't reach their potential bottom yet, those who will miss it will regret it for coming months and years so I hope you guys have positioned yourself and risked enough from which you'll be able to generate substantial profits
USD/JPY daily overviewThe US Dollar appreciated 0.37% against the Japanese Yen since Friday’s session. During the previous trading session, the rate was supported by the 55-hour SMA to stop the trade at 112.35. On Monday, the US Dollar broke the resistances of the monthly PP at 112.60 and the 61.80% Fibo to trade at the 112.72 mark.
In regards to the near-term future, most likely, the US Dollar will be supported by the 61.80% Fibo to trade at 112.80 level on Monday. However, the surge will not be significant due to a lack of any fundamental news during the trading session.
On the other side, the rate might get resisted by the 61.80% Fibo to trade at 112.50 level during the day.
The End is near! US DOLLAR Collapse!US Dollar Collapse!
3 important date to look for in 2018
August 15 (US Dollar Top at 96.94)
October 10 US Stock Market collapse
Upcoming November 11? what will happen
$TYX YIELDS 30yr $USDJPY I will not be surprised if yields were creeping on 5% in the next 6 months.
Trigger should be obvious.
Please check out attached link
XCU/USD - Copper - Looking good for a push higher upXCU/USD is looking good for a push higher up.
It has broken the 50 and 200 EMA on the 8H chart and is looking strong. Put your SL under the 50 EMA.
As long as the 50 EMA on the 8H chart acts strong as support, the long move is active.
We can expect Copper to continue its bullish trend higher up.
Trade safe.
USD/JPY has no resistance on TuesdayThe US Dollar found support against the Japanese Yen on Tuesday morning. Namely, the lower trend line of a medium term channel up pattern provided the needed support to stop the recent short lived decline.
Moreover, during the morning hours the currency rate passed the 55-hour simple moving average’s resistance at 111.20. The SMA began to provide support shortly afterwards.
Meanwhile, the pair faces no notable resistance as far as the 111.80 level, where close by a monthly pivot point is located at.
Due to these factors combined, a surge in the upcoming trading sessions could be expected, during which the pair might gain 60 base points.
GBP/USD daily overviewThe Pound has broken the resistance of a medium term descending pattern against the US Dollar. However, the resulting surge was stopped by a dominant descending pattern’s resistance line together with the 61.80% Fibonacci retracement level at the 1.29 mark.
On Tuesday morning the rate had bounced off the resistance line and retreated already down to the first support level that paused its decline. Namely, the 100-hour simple moving average stopped the decline.
In regards to the future, watch the SMAs for guidance. If they get passed, the weekly PP will be aimed at. On the other hand SMAs might push the rate higher.
EUR/USD daily overviewThe previously observable dominant descending patterns on the EUR/USD chart were removed on Tuesday, as the surging momentum of the rate has managed to break both of them.
Meanwhile, the rate continues to surge in the borders of a medium scale ascending pattern, which, together with the 55 and 100-hour simple moving averages, has provided the rate with the needed support. Namely, the rate has surged up to the resistance of a monthly pivot point near the 1.1690 level.
On Tuesday, the rate was consolidating its previous gains and waiting for the 55 and 100-hour SMAs to catch up before continuing the surge.
USD/CAD after reaching our target, look for new entryWe have 2 trading ranges, where sellers can step in. So, look for rejections as per chart
US SHORTI posted this exact chart probably 2 weeks ago. I mean we are almost closing the month and we get this candle. Do i think this can go back up....nahhhh. Watching this very closely.
GOLD What the hell just happend????This was a really exiting week for those of us who trade Gold. Gold was coming from a long bearish market but on the 15th of august things took a turn, the possibility of an impeachment looms over the US president and Powell announcing the need for gradual hikes in the interest rates, in my opinion were the main drivers of the change in a bullish USD and thus a bearish Gold. Of course, for someone like me it was impossible to know this until now, but the markets did, and I think they showed some signs during the week. On my part I now think we are in a small bearish market for gold, so I’m only planning on taking long positions along the way.
I see a possible retracement to 1203 – 1200 for me that when I will buy again and I’m going to venture to say that I don’t think it will be trade below 1200, why?? Because of the volume traded through todays breakout this was some big institutional. BUT DON’T QUOT ME ON THAT I COULD BE WRONG
Have a nice weekend all
Sell of on BTCUSDHere i have broken down my projection for the BTCUSD based on pure price action. I am going for a short position down to the $5800 level for this Crypto currency. Happy trading and use your risk management strategies. On this particular chart I have identified a swing high as well as a key resistance level on the 1 Hr charts.
EURUSD - Short Idea / Daily View
A re-test of our broken structure is in play. This week we will monitor EURUSD for a break down towards the 1.11610 level
A bullish DXY will take us down towards the 1.095 range.
Looking for shorts at a proper rejection candle at our Supply level.
An invalidation of this count will be a break and print above 1.16
USD/THB 1H Chart: Reveal of dominant patternThe previous review of the USD/THB currency exchange rate concentrated on the newly formed less steep bullish pattern. On Tuesday, the pattern was still in force, as the currency exchange rate was declining in the borders of it.
However, something else attracted the attention of Dukascopy Analytics. Namely, a long term, large scale channel up pattern was spotted on the larger time frame charts. It might be possible that in the near future the bounce off from this trend line forces the rate lower and gives it enough strength to break the medium scale ascending pattern.
However, in the short term watch the support of the 55-hour simple moving average, which clearly provided support on Tuesday.
