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US-DOLLAR

ANALYSIS ON NASDAQ 100 - 1H CHARTToday my partner (www.tradingview.com) discussed in his webinar, the possibility of a continued uptrend of the NASDAQ Index. I agreed and thought it was an interesting analysis so I'm sharing it. I've outlaid a 12345 Elliot Wave Impulse. Waves 1 and 3 appear nearly identical in distance with an extended 5th Wave. (0.618 of Wave 1) The formation of a mini impulse is quite likely in progress. Plan A - Look for a new flag and wait for the confirmation. Plan B - it continues correction, may even breakout outside of trend, therefore look for new impulse... wait for confirmation and enter a long. Please share your thoughts and get in touch with him! Thanks.
TVC:NDQLong
by Joshua_nate
1
XAU/USD in preparation for Jackson HoleGold’s technical charts show how the financial markets are preparing for the Friday’s fundamental events. The picture is even considered by the Dukascopy analysts a proper example of educational material for the books. The rate recently reached the upper trend line of a massive long term ascending channel, where it was guided by a medium term ascending channel. That occurred at the end of last week. This week market participants saw the scheduled speech of Janet Yellen at 16:00 GMT on Friday. Pressure began building up, which can be observed in the descending triangle pattern. Moreover, the triangle lines meet exactly at the support of the medium term pattern. Depending on the text of the speech the rate will jump upwards or plummet downwards.
FX_IDC:XAUUSD
by UnknownUnicorn890690
USDJPY on the up again - Inverted Head and Shoulders Pattern?Few key areas marked out here on this pair. Possible Inverted Head and Shoulders pattern here with just the rest of the right shoulder to form. Stops relatively tight if we get in on this soon. I would wait for a break out of the consolidation red box I have marked as there seems to be some indecision. First target would be between the 0.50 and 61.8 fib levels and then look for a pull back and possibly re enter on the push back up to the 114.00 level?
Long
by AshleyB95
XAG/USD Channel DownThe decision to review the situation on the Silver charts was made due to the alternative it possesses to the safe investment of Japanese Yen, Swiss Franc and Gold. The metal trades simultaneously in three various channels. On a large and medium scale patterns the metal is trading in ascending channel patterns. However, it might be more relative to day traders that the commodity price is descending in channel down pattern in the short term. By the end of the week the metal’s price should reach the lower trend line of the most dominant channel near the 16.80 level. However, it faces the support of the 100-period SMA before reaching that level.
FX_IDC:XAGUSD
by UnknownUnicorn890690
USD/CAD in consolidation on MondayAfter the huge fundamental drop on Friday the USD/CAD currency pair began a short term period of surge. However, the ascent of the Greenback against the Canadian Dollar is highly unlikely. The pair is set to face the resistance of a descending channel pattern and the 55-hour simple moving average at the 1.2620 mark. Afterwards, the decline of the US Dollar against the Loonie is most likely going to continue. In that scenario the currency exchange rate would reach for the next closest support level, which already on Monday was located at the 1.25 mark. At that level the support of the channel and the weekly S1 were located at. However, the pair faces a long term support line, which might stop the decline.
by UnknownUnicorn890690
USD/CHF 1H Chart: Channel UpUSD/CHF 1H Chart: Channel Up The American Dollar is trading against the Swiss Franc simultaneously in descending and ascending channels. The latter pattern consists of four confirmation points, where the last one represents a rebound of the exchange rate from the monthly PP at 0.9613. In the upcoming hours it will become clear, which formation is going to guide further movement of the currency pair. Most probably, strength of the older channel is going to prevail. This a assumption is on the fact that the northern passage is protected by combined resistance level set up by the 100- and 200-hour SMAs in conjunction with the weekly PP at 0.9668. Moreover, the subsequent downfall will enable the pair to finally reach the lower edge of the third, dominant channel down.
by UnknownUnicorn890690
Long DXY (DX Future)Tight Stop Loss for Long Term Trade 1:96 Risk Reward Ratio Technical Speaking: 1. DXY reversed on long term support around 92-93 2. 36 Year Seasonality Chart suggests reversal usually happens on Aug. 2nd. 3. COT reports showing highly concentrated short positions from Speculators. Fundamentally speaking: 1. There have been two dollar-bull-markets since 1960s. One took place from 1980 to 1985 with DXY moved from $84 to $159, and the other took place from 1994 to 2002 with DXY shot up from $84 to $119. Both bullish moves, in percentage terms, were 89% and 42% respectively. The current dollar trend has only moved 25%, from the low of $80 in 2011 to the recent high of $100. The magnitude is not at par with the past two bull markets, which indicates the next phase of DXY will be an accelerating hawkish move in the magnitude of at least another 20%. Now with DXY reversing at long term key resistance level, risk reward ratio is highly favorable. 2. Trump's policies are very protectionist friendly, whether it's the breakup of The Trans-Pacific Partnership (TPP) or some renegotiation of other trade deals. Trump’s protectionist policies also include – exiting the North American Free Trade Agreement, if it isn’t re-negotiated and labelling China a currency manipulator. The world is dollar starved. There's a shortage of offshore dollar funding and the euro dollar market. With Trump starting his protectionist policies, it means less dollars flow into the global system because they're doing less trade with the U.S. and not enough dollars to circulate for all the dollar borrowers. The dollar is rising because there's a perceived lack of dollars in the outside system. It is seen in the London Bank Interbank Offered Rate (LIBOR) market, which has been rising along with the risk of U.S. interest rates rising. But the other reason it's been rising is because monies keep getting taken out of the offshore funding market and being put onshore in the U.S. 3. The Bank for International Settlements (BIS) have been talking about this $10 trillion shortfall of dollars (BIS Quarterly Review, September 2016) out there where people have borrowed dollars, and as the dollar rises they're scrambling to pay it back or secure new funding. But the funding costs are going up as well, creating a real problem for people having to pile into dollars.
TVC:DXYLong
by Wall_Street_Capital_Management
XAU/USD moves exactly as expectedThe yellow metal’s price movements in the past trading session have become increasingly easy to forecast. Moreover, the future also seems clear. First of all, the bullion has revealed the medium term ascending channel’s borders, which help to predict when the metal will reach above the 1,300 mark. Secondly, the commodity price has reached above the 1,290 mark and touched the 1,295 level on Friday. In the near future it can be expected that the metal’s price will surge above the 1,300 mark. However, that can be hindered, if the new weekly pivot points on Monday obstruct the surge.
FOREXCOM:XAUUSDLong
by UnknownUnicorn890690
EUR/USD breaks patternThe common European currency for the first time during the week did not follow in accordance with the forecast against the US Dollar on Thursday. As a result the short term situation was reviewed. During the last 24 hours the pair declined to once more reconfirm the lower trend line of the medium term descending channel pattern. Moreover, it reached the long term target of 1.1670. Afterwards, the pair rebounded and began and surged above the weekly S1 at 1.1725. It is most likely that the pair will continue to surge on Friday until it reaches the various resistance levels near the 1.1750 mark.
by UnknownUnicorn890690
2020 year,1BTC=60.000$ ?!Hello, everyone! I'm Nika. Forex technical and fundamental trader. (2 years and bit more.) I'm trading crypto to and I learn absolutely everything about BITCOIN. (Born, The Past and future to...) I trust if "global financial sector" will not be enemy of BTC, the 2020 year price for 1 bitcoin will be 60.000$ (or more) Yes, Just after 3 years, per Bitcoin price will be 60k! So make react for this CHART and say something about my idea. Thank you and good luck with your trades ;)
COINBASE:BTCUSDLong
by fxCROWN
3
USD/CHF 4H Chart: Channel UpRecently the US Dollar encountered a support combination of two notable levels of significance against the Swiss Franc. The support consists of the 2016 low level and the lower trend line of the dominant channel down pattern. As a result of the rebound a medium term ascending channel has formed itself. However, its lower trend line has not been fully confirmed. Although, on Friday the proposed support line of the pattern was located exactly at the monthly S1 at 0.95, which gives it some credibility. Due to these factors combined, it can be assumed that the pair will pass the support of the monthly PP at the 0.9613 level, and decline to the just mentioned combination of support at 0.95.
Short
by UnknownUnicorn890690