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USD (US Dollar)

Bullish rise off pullback support?The Swissie (USD/CHF) has reacted off the pivot which acts as a pullback support and could rise to the 1st resistance which has been identified as an overlap resistance. Pivot: 0.8702 1st Support: 0.8604 1st Resistance: 0.8890 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary. Disclaimer: The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
Long
by ICmarkets
Potential bullish bounce?The Fiber (EUR/USD) is falling towards the pivot which acts as a pullback support and could bounce to the 1st resistance which is a pullback resistance. Pivot: 1.0677 1st Support: 1.0615 1st Resistance: 1.0802 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary. Disclaimer: The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
Long
by ICmarkets
EURUSD The sell-off isn't over yet.The EURUSD pair is extending the sharp sell-off after the most recent bearish signal upon the 1D MA100 (green trend-line) rejection. This is practically the same sideways Zones we talked about almost a month ago (October 14, see chart below): The price broke below the 1-year Higher Lows trend-line that was the last 'hope' for a bullish reversal and should now extend the bearish trend even lower. The 1D MA100 rejection was also a rejection on the 0.5 Fibonacci retracement level and as you can see this is identical to the August 31 2023 rejection. That was half-way through a Channel Down (also starting from the Resistance Zone) that eventually targeted the 1.236 Fibonacci extension. As a result, we remain bearish on this pair, targeting 1.05300 (Fib 1.236 extension), unless the 1D RSI hits 25.00 (oversold), in which case take profit regardless, as this RSI reading preceded the October 03 2023 bottom. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
Short
by TradingShot
Waiting for US data later on this week.Waiting for a clearance of one of the key areas discussed in the video. Take a look and let me know what you think. EASYMARKETS:USDCAD Disclaimer: easyMarkets Account on TradingView allows you to combine easyMarkets industry leading conditions, regulated trading and tight fixed spreads with TradingView's powerful social network for traders, advanced charting and analytics. Access no slippage on limit orders, tight fixed spreads, negative balance protection, no hidden fees or commission, and seamless integration. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. easyMarkets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
by easyMarkets
EURUSD: Showing no signs of stopping before 1.04000.EURUSD is almost oversold on its 1D technical outlook (RSI = 32.891, MACD = -0.007, ADX = 29.222), which is a sign of a potential slowdown on the October sell-off but not of stopping. We believe that as the price is approaching the bottom LL of the Channel Down, it will slow down in an attempt to form sideways a bottom as during the weeks of September 25th - October 16th 2023. The ideal entry will be with the 1W RSI as close to being oversold (30.000) as possible and symmetric 1W MACD shows it can happen by December 9th. That means that we can continue shorting the pair, targeting the 1.1 Fibonacci extension (TP = 1.04000), which is where the bottom was priced on October 2nd 2023. ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
Short
by InvestingScope
NZDUSD forming a bottom?NZDUSD - 24h expiry Indecisive price action has resulted in sideways congestion on the intraday chart. Pivot support is at 0.5925. We expect a reversal in this move. A move through 0.5950 will confirm the bullish momentum. The measured move target is 0.6050. We look to Buy at 0.5925 (stop at 0.5885) Our profit targets will be 0.6025 and 0.6050 Resistance: 0.5950 / 0.6000 / 0.6050 Support: 0.5925 / 0.5900 / 0.5875 Risk Disclaimer The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit. You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy. Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
Long
by OANDA
USD/MXN: Trump fears meet Banxico decision The USD/MXN should be an interesting pair to watch in the coming days. October’s headline inflation in Mexico ticked up after two months of declines, yet analysts expect Banxico to proceed with a 25-basis-point rate cut this week regardless. Last week’s volatile trading saw USD/MXN reach 20.80, as markets reacted to concerns over a second Trump presidency. His protectionist and immigration policies would place pressure on the peso. However, for now, the pair’s uptrend may face hurdles. USD/MXN climbed to an intraday high of 20.57, but bullish momentum failed to break the year-to-date peak of 20.80, signaling possible resistance ahead.
by BlackBull_Markets
Is Russia's Financial Fortress Built on Shifting Sands?The transformation of Russia's financial system has been nothing short of seismic. Once deeply integrated with global markets, Moscow's monetary landscape now finds itself in a state of radical reconfiguration, navigating the turbulent waters of international isolation. This shift carries profound implications, not just for Russia, but for the very foundations of the global financial order. At the heart of this evolution lies the Russian Central Bank, whose Governor, Elvira Nabiullina, has found herself at the center of an unprecedented storm. Tasked with controlling inflation amid soaring interest rates, Nabiullina faces a growing chorus of dissent from Russia's business elite - a rare and significant development in a country where corporate voices have long remained muted. This internal conflict underscores the delicate balance the Central Bank must strike, as it seeks to stabilize the ruble and safeguard economic growth in the face of crippling Western sanctions. Russia's financial system has demonstrated remarkable adaptability, forging new international partnerships and developing alternative payment mechanisms. Yet, these adaptations come at a cost, as increased transaction costs, reduced transparency, and limited access to global markets reshape the country's economic landscape. Consumer behavior, too, has evolved, with Russians increasingly turning to cash transactions and yuan-denominated assets, further signaling the shift away from traditional Western financial systems. As Russia navigates this uncharted territory, the implications extend far beyond its borders. The reconfiguration of its financial architecture is shaping new models for sanctions resistance, the emergence of parallel banking networks, and a potential realignment of global currency trading patterns. The lessons learned from Russia's experience may well influence the future of international economic relationships, challenging long-held assumptions about the resilience of the global financial order.
Long
by signalmastermind
EURUSD 10/11/24Last week’s shift in the EU bias changed our view from short to long. However, as we always say, high-impact fundamentals can move the market, sometimes in line with our bias and sometimes against it. In the case of the U.S. election, the result pushed prices lower. This happened because the USD gained significant strength when the new president was elected. Now, we're back to our more favorable sell bias. With the recent shift lower, the higher timeframe aligns with this bias again, allowing us to target last week’s lows. We have several points to watch for a bearish shift: the supply area in the middle of our current range and the two highs at the top of the range from Friday’s 4:00 AM move. If these highs are taken, we expect price to sell off and continue down to our target lows. There's a possibility of price moving up to the major high we’ve marked, but this is unlikely given our bearish bias. If this happens, we’ll still aim for the target low. A pullback would give us an even better position to sell into that low. As it stands, we have a relatively large fundamental range, so price may fluctuate within this range for some time. Follow your plan and stick to your risk!
by rosshayes
USDT/THB 1D and 1H analysis$USD/THB Analysis on 1H and 1D Timeframes 1H: It appears that we’ve hit a bottom at $32/THB and have seen a solid bounce. The uptrend is likely to continue after a brief correction. The MACD is resetting lower and needs some time to reach a bottom. The RSI is very low, which indicates a potential short-term bounce. Conclusion: We should stabilize above $33/THB in the short term. 1D: The daily chart presents a more mixed outlook. While it seems we’ve bottomed at $32/THB, the MACD still needs to reset, suggesting the current bounce is temporary. Additionally, the RSI is overbought, which points to a likely correction until November, when a downtrend reversal could be confirmed with a lower low. Invalidation: If THB/USD falls below $32/THB, it means the bottom is not yet in, and the bounce was a bull trap or fakeout.
by CryptoNikkoid
1
BITCOIN BULLISH TO $77,000 (UPDATE)Bitcoin has finally smashed our $77,000 (Wave 5 Major) target like I said would happen back in September & created a new all-time-high🦾 Well done to everyone here who got into this move from my free analysis! Unfortunately my buy position got stopped out at breakeven as you all saw, then price went back up again. But that's fine because the main thing is Bitcoin analysis was correct & played out accordingly to my Elliott Wave Theory strategy🙌
BITSTAMP:BTCUSDLong
by BA_Investments
EURUSD giving a buy signal on amazing symmetry.EURUSD is under heavy selling pressure since the elections result. Still, today's 1day candle is the 3rd in a row that doesn't cross Support A. As you can see the pair displays an uncanny symmetry, having respected all symmetrical Resistance and Support levels since the Double Top of September 25th. This is a buy signal that is aiming at 1.09000 (June 4th High). Previous chart: Follow us, like the idea and leave a comment below!!
Short
by TheCryptagon
1