dxy strong move down confirms count 9 Aug 17this should be wave I, if we see a strong move down, it will probably be wave iii
lets see how this play out in the next couple of days
US-DOLLAR
dxy aka usd 9 Aug 17this is the dxy chart that was supposed to be posted yesterday, which was posted with the not updated eurusd
the bigger picture suggest it is still missing a leg down to complete the move
Short USOILUSOIL the pair have huge volatility expecting this month, as OPEC have The two-day gathering in Abu Dhabi, United Arab Emirates, will focus on members’ compliance with the output pact the cartel signed with 10 other oil suppliers, including Russia, in late 2016. The deal so far hasn’t produced meaningful effect in tamping down global output or inventories.One major development the market will be watching for from the OPEC meeting is whether Libya will join the agreement to cap production.As technically the pair trading below strong resistance around 49.70, if it break the immediate target around 50.30/50.80, below the strong resistance we can see one more leg towards 48.55/47.80.
Short term trading.
Sell USOIL @49.30/50
Target: 48.40/47.90
Stop loss: 49.90
gud luck !
#forextuitions
US Dollar DXY TradeSince Donald Trump entered office and said that the USD was too strong, the DXY continues lower. It is a good time to be in commodities. I added to my PM miners today NAK and JNUG. I hold WTIC with ERX, Go Long commodity, pick anyone you want. I see US Dollar at least to 92.22 before any bounce.
BTC USD - levels trading ideaBTCUSD
Waiting for MY Support and Resistance levels.
If trend breaks up or down, follow them!
www.tradingview.com
DXY ShortDollar continue to fall
broke wedge support, MA cross, Trump tax reform concerns lead dollar lower
USD/CAD breaks long term patternThe previous forecast for the USD/CAD pair has not come into reality. The pair has broken the upper trend line of the long term ascending channel pattern during the early hours of Thursday’s trading session. However, by the middle of the day’s trading session the pair had changed direction and retreated to find support in the previously active resistance line.
As a result of the observation and some drawing, the Dukascopy Research tem discovered that that point was crossed by a medium term ascending channel pattern’s upper trend line. The trend line can be also used to set a parallel line for the purpose of observing the ascending medium term trend. In the near future, if the support is provided to the rate, and the 55-hour SMA approaches from the downside, a surge up to the 1.2635 mark will occur.
CTSO Pre Earnings STOCK SETUPCTSO is set to report earnings early next week,
given that this was a requested chart, I have not had time to dig in to the company's fundamental financials and create a good estimate of what to expect from its earnings.
GIVEN THE TECHNICAL ANALYSIS ALONE:
WE are currently hovering a buy zone, and have broken in to it once. At its current level, we are ready to buy PROTECTING at the red horizontal. This is the bottom of a weekly range and, with a bad earnings report, the place where our stock will find its first resistance.
HOWEVER, from our buy level we are currently at I have set 2 key price target levels to reach, of course which you are shooting for is up to you, but both targets would be where I take my profits as a trader.
Remember, earnings early next week that can explode a chart in front of you eyes- so be careful.
USD/CHF 4H Chart: Channel UpThe US Dollar is regaining ground against the Swiss Franc in a channel up pattern. Most recently the currency pair bounced off the resistance of the ascending channel. That event was also the cause of the discovery of the pattern. Most likely the currency exchange rate will decline until it meets with the lower trend line of the ascending channel.
Coincidentally that might occur at the 23.60% Fibonacci retracement level of the 2016 low and 2017 high levels at the 0.9657 level. Afterwards the currency pair is highly likely going to continue the surge. In that case it will go upwards to the strong resistance cluster, which lasts from 0.9780 to 0.9791.
Buy to 111.80 USD/JPYI would probs buy this up. There is some strong resistance at 111.80 which has proven to be strong support and res. in the past. Will have to see how the data goes this week!
NZD/USD breaks ascending patternThe New Zealand Dollar suffered losses against the US Dollar during the first half of Tuesday’s trading session. The currency pair even broke out of the ascending channel pattern to the downside. As a result of the break out, the pair fell down until it found support in the 200-hour SMA, which was located at the 0.7460 mark.
It is highly possible that until the end of the day’s trading the pair will approach the resistance of the weekly PP, which is located at the 0.7492 level.
Moreover, the weekly pivot point is strengthened by the 55 and 100-hour simple moving averages at 0.7498 level. Most likely after encountering the resistance cluster the currency pair will continue the decline. In addition, it can be expected that the rate will soon reveal a new descending pattern.
Found support at May's Low 2016! I can see this heading up.... This pair has been on a downtrend since May 2017, it's about time we see a big push upwards. Looking at 1.27 initially....
Buy to 111.80 USD JPYI would probs buy this up. There is some strong resistance at 111.80 which has proven to be strong support and res. in the past. Will have to see how the data goes this week!
If it breaks 1275$ Buy it! Otherwise....Sell down short term.I posted previous prediction on Gold, looks about right. We had a bounce from the 50% Fib. Even though EVERYONE on trading view said OH NO! We are going to 1125.....yeah ok. I personally think we will see 1300$ very soon, as the US dollar weakens further. I also think we could see 17-18 on Silver!
EUR/USD Short term Short Long term LongLooks like a nice elliot wave on the daily. Wave 4 is supposed to retrace back down to 109.7ish. Wave 5 looks like it's heading towards horizontal resistance. Inside the 4th wave there is another wave where the final leg also reaches down to 109.7ish. It also looks like a break and retest of the resistance at around 109.7ish Looking for a short term sell and hard buy at 109.7ish. In case I haven't mentioned 109.7ish, let me explain that it seems important. Short term bearish! Long term Bullish
Potential Dollar Strength Over The Coming DaysHi Traders,
The US Dollar index approached the 11850 phycological zone and has since retraced higher. This implies that the Dollar will continue to rise against other pairs until the 11920 level where it meets a 61.8% fib + prior price structure resistance.
Take this into consideration when buying the Dollar vs other pairs. Our current plan is to wait for the Dollar index move higher to grind to a halt and to then begin to seek out short positions on USD pairs.
Good luck!
USD/TRY 1H Chart: Channel DownUSD/TRY 1H Chart: Channel Down
The American Dollar is losing value against the Turkish Lira simultaneously in short-term and medium-term descending channels.
Formation of the channel started after the currency exchange rate bounced off from a combined resistance level formed by the 55- and 200-hour SMAs.
At the moment, the pair is gradually slipping towards the weekly S1 at 3.5067, while path to the north is secured by the 55- and 100-hour SMAs.
In theory , the pattern should remain active at least until the rate reaches the above support level.
But in practice , it will be broken, most probably, already in the second half of the day amid announcement of information on the US ISM Manufacturing PMI.
If the released figures will justify analysts’ expectations, the pair might even fall below the weekly S1.
DXY Will the dollar rally a bit?So on Thursday the DXY tested the June 2016 lows without closing below. On Friday we failed to close lower. Looking at the rsi we are seeing some hidden divergence. We also have a busy news week with NFP on Friday. With the current level of the DXY I am on the look out of a USD rally this week. I am not saying it will happen but I am watching for it. If we get a rally of the DXY we could see a move up to the 97.00 level which would be the 382 retracement of the last move down that started back at 104 level.
Just something to think about if you are currently short the $.
