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US-DOLLAR

US outperforms EU in absolute terms when $ rises against €Thesis: US markets outperform EU markets in absolute terms when $ rises against €. EWG/SPY (Germany ETF/SPY both in $) vs EURUSD (red line) I've read many opinions on what happens to US stocks (versus EU stocks) when the dollar rises. Usually people say a strong dollar is bad for US exporters as their revenues will fall and labour costs will rise. Similarly they say a weak euro is good for EU exporters as their foreign revenues rise and labour costs fall. And comparisons are often made between national indexes, which take no account of currency, and are thus pointless IMHO. So this chart shows that the common sense view is completely wrong. It compares EWG (Germany ETF in US$) divided by SPY - which I'm using as a proxy for EU outperformance over US - and EURUSD. As you can see, they are very strongly correlated. In other words when the $ started strengthening in 2008, the US indices started outperforming the EU indices. And in the previous cycle, when the dollar started weakening around 2002, and the euro strengthened, the EWG outperformed the SPY. And in the cycle before that, which ended around 2001/2003, € weakness again correlated very well with EWG weakness.
AMEX:EWG
by gwcharts
3
USD/RUB 4H Chart: Continued to declined The US Dollar has continued to decline against the Russian ruble, as expected. The currency exchange rate has reached the previously set target of 56.13. The target was chosen as it represents the low level of August 2017. Moreover, it consists of various other levels of significance. For example, an inverse Fibonacci retracement level of past high and low levels would be located at that level. Meanwhile, regarding the long term, the movement is likely to continue south until it breached the monthly pivot point's support at 54.88.
Short
by UnknownUnicorn890690
USDCHF testing major support, prepare for a bounceBuy above 0.9569. Stop loss at 0.9501. Take profit at 0.9699. Reason for the trading strategy (technically): Price is testing major support at 0.9569 (ABC Fibonacci extension, 76.4% Fibonacci extension, horizontal swing low support) and we expect price to make a nice bounce above this level to push it up to at least 0.9699 resistance (Fibonacci retracement, horizontal pullback resistance). Stochastic (34,5,3) is seeing major support above 5.8% where a corresponding bounce is expected.
Long
by MEX_Exchange
USD - Double bottom Hi folks, The USD posted a double bottom on the Daily Currency Barometer. This DOES NOT mean a reversal for the USD pairs. Not unless key price levels are breached. Look for consolidation patterns before the next push (USD sell-off). However, if key price levels fail, the USD Bulls could have their day for a bit. The only thing we know for sure at this moment: The USD needs to consolidate before another sell-off. Remember, consolidation does not mean 'pull-back'. Don't bet on another long term USD sell-off until the currency has had time to consolidate.
by riffster21
2
NZD/USD daily reviewsAfter the plunging of the New Zealand Dollar against the US Dollar, which took place on Friday, the currency exchange rate suddenly recovered. Moreover, by the middle of Monday’s trading session the currency pair had even surged to new high levels. At 12:00 GMT on Monday the pair had already almost touched the 0.73 mark. In addition, the recent surge of the Kiwi against the Buck can be observed to have occurred in a narrow range short term ascending channel pattern. The pattern is likely going to guide the pair up to the resistance of the weekly R1, which is located at the 0.73 mark.
Long
by UnknownUnicorn890690
USD/CAD daily reviewsThe US Dollar stopped its depreciation against the Canadian Dollar on Monday. The reason for the stop of the surge and a resulted short term surge was the encountering of a combined support level at the 1.24 mark. Namely, the currency exchange rate found support in the lower trend line of the drawn junior channel down pattern and the first weekly support at the already mentioned 1.24 level. Due to that reason it is expected that the pair might surge until it meets the upper trend line of the channel down pattern. Afterwards the pair should continue the decline. Or the rebound might not even continue.
Short
by UnknownUnicorn890690
USD/CNH Long term The US Dollar has continued to lose ground against the rest of the currencies. The USD/CNH pair is no exception to this event. However, there is one interesting aspect to the decline of the Buck against the Chinese Yuan. The currency pair recently stopped its decline and began to trade sideways. The move was initiated by a combined support of the lower trend line of junior channel down pattern, weekly S1 and monthly S2. All of these support levels are located in a range from 6.4200 to 6.4290. Meanwhile, resistance is provided by the 61.80% Fibonacci retracement level at the 6.4480 mark. The pair is likely to trade sideways until it reaches the resistance of the channel. Afterwards, the decline should resume.
Short
by UnknownUnicorn890690
GOLD ForecastGold has done well closing at the key support level, however there is some strong resistance ahead which it needs to take out clean for a long bullish signal. I am long on Gold since 1260 due to its technical pattern and commodity itself. It has been very much under pressure the last couple of years but has done well in 2017. 2018 looks bullish for gold if it takes out the strong resistance levels of 1348/1375 than we can clearly see 1425/1472 Insight. Gold has been creeping up for the last couple of months due to increasing risk factors of US economy as well as global stock market. Crypto and Gold can have a long bullish run side by side in the coming years once the Stock market is set for a major correction. I would recommend buying gold as a hedge against stock and Crypto market volatility. As long as gold stays above 1290/1300 We can expect a bullish sign for this commodity.
FX_IDC:XAUUSDLong
by shaxrashid
USD/RUB 4H Chart: Approaching historical lowAs the US Dollar continued to lose ground against the Russian Ruble a major development occurred. The currency exchange rate passed a very significant support level near the 57.60 level. At that mark a 61.80% Fibonacci retracement level met with the support of the most dominant ascending channel pattern. However, that is no longer the situation. Instead the medium term channel down pattern has set its way to guide the currency exchange rate down to the 56.80 mark. That level is also consisted with a much larger scale Fibonacci retracement level. Moreover, close by a monthly support level is located close by.
Short
by UnknownUnicorn890690
Santiment vs USD Trade Setup 1-9-18In this opportunity we are looking at the Santiment vs USD as price has been in a nice rally basically since November 16, 2017. Price is now in a correction and has pulled back to the Tenkan level. There have been many discussions about traders changing the settings due to various reasons when trading cryptocurrencies, but I am using the default settings for the indicator and will continue to use these settings. When we are trading Ichimoku we have built in levels of support and resistance and therefore we can use these levels for trading opportunities. When price is in a strong trend you will see price follow Tenkan or should I say Tenkan will follow price and normally price will not enter the TK Zone unless the trend begins to weaken! It's still a little early to get into a trade or discuss the trade as we have not come to the point where the correction has ended but we will discuss what we see as is. The previous candle is an indecision candle which is showing that the participants atr indecisive and pretty much split at that time. It's a matter of when does the buying pressure increase. I am looking at price holding at the Tenkan and then possibly entering a long opportunity at the top of the indecision level at about 7.48. Our SL currently is not set in stone due to the fact that we have not completed our bottom yet so we have to wait to see if we hold for the true level. Our current trade opportunity is as shown but always remember, Trees that are slow to grow, bare the best fruit! God bless!
SLong
by ChaosTrader63
1