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US-DOLLAR

USDJPY approaching profit target perfectly, prepare to sellSell below 112.53. Stop loss at 113.41. Take profit at 110.98. Reason for the trading strategy (technically): Price has bounced up perfectly and is fast approaching our profit target as expected. We look to sell below major resistance at 112.53 (Fibonacci retracement, horizontal overlap resistance) for a push down to at least 110.98 support (Fibonacci retracement, horizontal overlap support, Fibonacci extension). Stochastic (34,3,1) is seeing major resistance below 97% and we expect a strong reaction off that level soon.
Short
by MEX_Exchange
6
THE FUTURE OF US DOLLARS -NO THEORY US DOLLAR NEWS-TradingViewIt is so easy to come up with profligacy or a bogus theories of what triggers dollars up moves : Hurricane Harvey = equals compassion, N. Korea's missiles launching gimmicks = weakness... oil plants evacuations influence = equals oil down - dollar up, Arabs on Holiday = equals oil weakness etc BUT! I wont discuss any theory to back up my chart - my apologies! I am giving you an assignment to figure out my chart, and if you trade it? you will thank me later. Enjoy!
Long
by DR.
3
Bitcoin to "correct" to 4300 USD or even to 3700 USD ->Then UP !Bitcoin / US Dollar: 1) From July 16 to August 22, 2017: Rally from 1830 USD to 4480 USD, with a final correction at 3753 USD. Trend reversal (up->down) happened at about August 17, 2017. 2) From August 23 to September 15, 2017: New Rally to 4964 USD (so, JUST below 5000), with a final correction at 2972 USD. Trend reversal (up->down) happened at about September 1st, 2017. 3) From September 16 to October 15, 2017: New Rally to 5830 USD (so, JUST below 6000), with some signs of an actual correction (October 16, 2017). I believe that the third rally is already finished and that we are entering a downtrend. So, I think that NOW is a good time to SELL Bitcoin. What will give the actual correction? I believe that the price will go down to 4300 USD, which is the previous resistance level and also a whole number in the graph (upper red line). It corresponds also to Fibonacci's level 38.2%. It is possible that it will go even lower to 3700 USD, which was the older resistance level. It is also a whole number in the graph (lower red line). SO: NOW, WAIT FOR BITCOIN TO GO DOWN TO 4300 USD OR EVEN TO 3700 USD. I DO NOT THINK IT WILL GO LOWER. THEN, WHEN THE TREND GOES UP AGAIN, BUY (AGAIN) BITCOIN. IF THE PATTERN IS RESPECTED, THEN BITCOIN WILL GO UP AND TOUCH A LITTLE BIT LOWER THAN 7000 USD OR A LITTLE BIT LOWER THAN 8000 USD. THEN, IT WILL GO DOWN TO A REGION BETWEEN THE LAST ACTUAL HIGHS (5000-6000 USD = RED ZONE IN FIBONACCI IN CHART). One observation: Trend reversals of BTC/USD seem mostly to happen in the middle of the month (except the downtrend that started on September 1st, 2017). I do not know if it is pure coincidence and I do not know neither the explanation of why this is happening. We should check in next months to verify if this a pattern. For the moment, I propose to keep an eye for trend reversals when we are approaching in the middle of a month! Feel free to add here your comments and ideas! Nick
BITSTAMP:BTCUSDShort
by NickTsili
3
Index Trading: USDollar Is Still a Buy on the Daily ChartThe US Dollar is still a buy against the EUR, GBP, AUD, and JPY, based on daily trend analysis of the FXCM US Dollar index. Ichimoku paints a very bullish picture, with daily price candles on the USDOLLAR index closing above the trigger line and above the baseline. Additionally, the lagging line is flying in the open air, above the cloud and price. Retail traders are still holding net short US Dollar positions on average across the majors, and they are still buying gold and selling the S&P 500. Technical analysis combined with sentiment analysis supports maintaining a long US Dollar bias on the Daily time frame.
FX:USDOLLARLong
by mbauerfx