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US-DOLLAR

EURUSD: Where are We Going? Price Action Analysis EURUSD is currently stuck within an expanding triangle formation on 4H. Its lower boundary is based on a major horizontal daily/4h support. Its upper boundary is based on a strong 4H rising trend line. The breakout of its boundaries will clarify the future long term direction of the market. If we see a bear breakout of horizontal support, it will most likely lead to a start of a long term bearish trend on a pair. If we see a bullish breakout of its trend line, bullish continuation will most likely follow. For intraday trading, both boundaries can be considered. Please, support this idea with like and comment. Thank you
Long
by VasilyTrader
12
What about the DXY? Potential Retracement + ImpulseGood morning traders, today we bring you our analysis on the DXY index, along with an analysis of the potential behavior based on the short and long term zones. 🔸For most of 2020, the price was in a downtrend after bouncing off the Resistance Zone. 🔸The movement was so strong that it managed to penetrate the Bullish Channel that had been active for almost 10 years to the downside. 🔸At this time, the price is approaching the Support Zone, where we will most likely see a reaction/consolidation for a few days/weeks. 🔸If the price does not make a strong reversal, we may see a breakout to the downside of this correction. 🔸In case this happens, the next support area is around $80, which would imply an interesting price drop.
TVC:DXYShort
by ThinkingAntsOk
1
EURUSD: Bullish Wave Continues! Where is the STOP?! EURUSD remains sharply bullish. The price keeps growing setting new structure highs. On a weekly we can see where bulls are aiming at: during the last 5 years, the price is trading within a gigantic horizontal trading range. 1.04 is the support of this range and 1.25 is its resistance. Right now the price is very close to the upper boundary of the range. It looks like bulls are willing to reach that soon. Only then we can expect a strong pullback and potential reversal, but for now, let it run.
Short
by VasilyTrader
10
AUDUSD: Key Levels AUDUSD is trading in a sharp bullish trend. I know that many traders are looking for a pullback because the pair is way overbought. However, be very careful. Here are the closest key levels that I identified on a weekly chart: Support 1 - 0.73 - 0.745 (based on a local year's daily high and 2015th - 2018th price action) Resistance 1 - 0.77 - 0.78 (based on 2016th-2017th price action) Resistance 2 - 0.81 (based on 2015th - 2018th price action) As you can see current spot prices are way too far from identified key levels. I would recommend to stay away from trading AUDUSD until the underlined key levels are reached.
Long
by VasilyTrader
16
EURUSD: Important Structure Ahead!!! With DXY weakness EURUSD keeps growing. We saw a nice expansion this week and it's time to look for the next strong supply area. I am paying close attention to the confluence area between: 1.2 horizontal resistance (current structure high); Rising trend line ; 1.272 extension of the last bullish leg. I won't expect a major reversal from the identified area, rather a pullback to 1.195 at least. I will be looking for a confirmation on lower time frames before I short. Good luck!
Short
by VasilyTrader
3
EURUSD: Important Structure Ahead!!! With DXY weakness EURUSD keeps growing. We saw a nice expansion this week and it's time to look for the next strong supply area. I am paying close attention to the confluence area between: 1.2 horizontal resistance (current structure high); Rising trend line; 1.272 extension of the last bullish leg. I won't expect a major reversal from the identified area, rather a pullback to 1.195 at least. I will be looking for a confirmation on lower time frames before I short. Good luck!
Short
by VasilyTrader
17
USDJPY: Potential Bearish Scenario USDJPY is trading within an ascending triangle on the hourly chart. Taking into consideration that the trend is globally and locally bearish, I remain bearish biased and expect a trend continuation. In order to catch the next wave, I would suggest being focused on 103.67 - 103.73 hourly demand area. If we see a 1H candle close below that, it will be a strong selling signal and bear run will most likely start. Next goal will be - 103.4 (in contrast, if we close above 103.9 level, the setup will be invalid)
Short
by VasilyTrader
15