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US-DOLLAR

Bearish Divergence on DXY could be good for Bitcoin and CryptoThe daily chart of the US dollar (DXY) shows bearish divergence. This occurs when there is a higher high in the price and a lower high on the RSI over the same time period. The blue MACD line also crossed below the red signal line, indicating a change in trend to negative for the dollar. This set up indicates that the price of the dollar could fall further to an oversold condition. A fall in the dollar would likely drive a rise in Bitcoin, Ethereum and other crypto as they tend to have an inverse relationship. It is important to note that crypto has been trading closely with the stock market. I recently posted about how the SPY has a bullish divergence on the daily chart with RSI. This could lead to a stock market rally in the near term, which would mostly likely result in a Bitcoin and crypto rally. Let me know your thoughts in the comment section. David Zanoni
TVC:DXY
by Zman1175
US dollar and DXYThe US dollar still maintains some strength after the DXY recorded the last peak at 103.78, before the results of the Job Openings and Labor Turnover Survey (JOLTS) were released today. Also this week, the US dollar is awaiting many important indicators that affect its trading, starting from tomorrow, Wednesday The 1.4% decline in first-quarter GDP released last week may catch the eye of the FOMC with high inflation readings and waning positivity labor market data support prospects for a follow-up rate hike 104 to 104.70 a very possible target in the coming period and we may see more
CAPITALCOM:DXY
by Walid_Aboeldahab
USDCAD TO CLOSE OUT APRILHello Traders, Happy Easter to those who celebrate worldwide! As we enter the final trading days in April, we have FOMC, inflation report due this week which can highly impact the markets. With long term views, we see possible bullish continuation in usd and a correction in CAD, high oil prices, rates up, they have to curb it or the Canadian population will really get squeezed. Views - above 1.25800/1.26000 buys.... below that, we are undecided. OANDA:USDCAD As always, only trade what you're willing to lose! The trading regime.
Long
by EvaultFinancialGroup
Rubble's reaction to Russian InvasionsIn 2008, Russia invaded the sovereign nation of Georgia. This invasion and resulting sanctions resulted in a 37.1% drop in the value of the Rubble vs. the U.S. Dollar. In 2014, Russia invaded the sovereign nation of Ukraine. The resulting international sanctions resulted in a 60.55% reduction in the value of the Rubble against the U.S. Dollar. This is likely just the beginning of the pain instore for the Rubble over the latest Russian invasion of the sovereign nation of Ukraine.
Short
by ScorpioDragon94
4
(XAU) Gold Long ideaSince Gold was able to restest the 1834 level the shiny yellow metal has failed to surpass this area. There was a second rally to this level however the price was only able to reach the 1830 area before correcting. This near 2% correction could lead to lower levels, however due to the volitlyy that Gold has shown in the past, a retest of the $1810 area seems likely. The RSI levels on the 15m, 1hr, and 4hr time frame are all oversold which shows that there is room for XAU to rise from here. The stop-loss area for this trade is located just below the 1787 level, if this break then a short positon is advised.
OANDA:XAUUSDLong
by Orion-Markets