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US DOLLAR INDEX - SUPPLY & DEMAND ZONE ANALYSISHi Traders, Is it time to short the dollar at the supply zone? well, from a fundamental perspective, the dollar is still king. The fed still looking likely to hike interest rates and the economy is still on track. Compare the US economy with recent Japan GDP figures, uncertainty around Brexit and Italian budget worries and you'll see that it's not a wise move to short the dollar at the moment. From a technical perspective, the level of supply that price has reached has been touched a couple of times so is likely to break. support and resistance traders (purple zone) believe that the more a level is touched the stronger a level becomes, which is false. price can reverse at this level but the question you have to ask is shorting the usdollar (on other usd crosses) is the right trade opportunity?
FX:USDOLLAREducation
by leonrowe
USDOLLAR INDEX - SUPPLY & DEMAND ZONE ANALYSISHi traders. Whenever you are looking at a technical level, always ask yourself the following: - Am I buying at a potential bargain/wholesale/discount price? (supply or demand zones) - Why is there more likely to be more supply/demand orders at that area? (new traders entering/traders taking profit) - What are the underlying fundamental/sentiment drivers that should push price in my favour? (interest rates, business cycle, risk on/risk off) If all 3 are in your favour, take the trade, manage your risk and go for more than you've risked. Always remember this trade is only 1 trade in the next thousand you're going to take. Process over outcome!
FX:USDOLLAREducation
by leonrowe
AUDUSD - SUPPLY & DEMAND ZONE ANALYSISHi traders. Whenever you are looking at a technical level, always ask yourself the following: - Am I buying at a potential bargain/wholesale/discount price? (supply or demand zones) - Why is there more likely to be more supply/demand orders at that area? (new traders entering/traders taking profit) - What are the underlying fundamental/sentiment drivers that should push price in my favour? (interest rates, business cycle, risk on/risk off) If all 3 are in your favour, take the trade, manage your risk and go for more than you've risked. Always remember this trade is only 1 trade in the next thousand you're going to take. Process over outcome!
Education
by leonrowe
GBPUSD - SUPPLY & DEMAND ZONE ANALYSISHi traders. Whenever you are looking at a technical level, always ask yourself the following: - Am I buying at a potential bargain/wholesale/discount price? (supply or demand zones) - Why is there more likely to be more supply/demand orders at that area? (new traders entering/traders taking profit) - What are the underlying fundamental/sentiment drivers that should push price in my favour? (interest rates, business cycle, risk on/risk off) If all 3 are in your favour, take the trade, manage your risk and go for more than you've risked. Always remember this trade is only 1 trade in the next thousand you're going to take. Process over outcome!
Education
by leonrowe
USDJPY - SUPPLY & DEMAND ANALYSISHi traders. Whenever you are looking at a technical level, always ask yourself the following: - Am I buying at a potential bargain/wholesale/discount price? (supply or demand zones) - Why is there more likely to be more supply/demand orders at that area? (new traders entering/traders taking profit) - What are the underlying fundamental/sentiment drivers that should push price in my favour? (interest rates, business cycle, risk on/risk off) If all 3 are in your favour, take the trade, manage your risk and go for more than you've risked. Always remember this trade is only 1 trade in the next thousand you're going to take. Process over outcome!
Education
by leonrowe
1
EURUSD - SUPPLY & DEMAND ZONE ANALYSISHi traders. Whenever you are looking at a technical level, always ask yourself the following: - Am I buying at a potential bargain/wholesale/discount price? (supply or demand zones) - Why is there more likely to be more supply/demand orders at that area? (new traders entering/traders taking profit) - What are the underlying fundamental/sentiment drivers that should push price in my favour? (interest rates, business cycle, risk on/risk off) If all 3 are in your favour, take the trade, manage your risk and go for more than you've risked. Always remember this trade is only 1 trade in the next thousand you're going to take. Process over outcome!
Education
by leonrowe
USDCHF - SUPPLY & DEMAND ZONE ANALYSISHi traders. Whenever you are looking at a technical level, always ask yourself the following: - Am I buying at a potential bargain/wholesale/discount price? (supply or demand zones) - Why is there more likely to be more supply/demand orders at that area? (new traders entering/traders taking profit) - What are the underlying fundamental/sentiment drivers that should push price in my favour? (interest rates, business cycle, risk on/risk off) If all 3 are in your favour, take the trade, manage your risk and go for more than you've risked. Always remember this trade is only 1 trade in the next thousand you're going to take. Process over outcome!
Education
by leonrowe
SEISMIC: Solid Gold becomes easily electronically transferable. Yes - of course some will know about credit transfers of solid Gold. But the latest stuff is bigger! Some very clever people have found a way to transfer solid gold in more than just 'credit', by very robust electronic means. In other words wherever you are in the world you can ask for your solid gold and it will be sent to your hands! Ain't that crazy!? You can now buy stuff and pay in real Gold, using plastic! Ok so that part is like credit but it isn't. No longer is that totally linked to the US-Dollar value. So this is just like cryptocurrencies - but slightly better. In other words private individuals and some corporations are re-creating the 'Gold Standard' independently of governments and central banks. What does that mean? It means that the 'big boys' with the smart money have been ahead of the race. They spotted some time ago, to their minds that the US financial situation - which has been labelled as bankrupt (not by me), with an unprecedented Debt to GDP ratio of 105.4, and a total debt of $16 Trillion - is frankly dangerous. People have become drunk on credit. Personal credit allowances are all adding up into one massive tsunami - which nobody is really looking at.(Well except the big boys of course). Gold is has been connected to the US Dollar as we know it today. However, strangely currencies are no longer backed by Gold (since the 1970s). This has allowed the widespread printing of national currencies backed by thin air - and confidence in trade agreements etc. On top of all that, interest rates had been held near to zero in the USA for the last 10 years, and that's why there is such tension about The Federal Reserve (which is factually a bunch of private bankers), deciding to raise interest rates. They know a bubble has been created. In other words, the crisis of 2008 was not solved at all. It was papered over and made worse. Yes - it's taking time to pop. Sometimes real bubbles made of soapy water will touch a surface several times and not pop. But when they pop and when Ponzi schemes crash, it happens in the blink of an eye. If/when the financial bubble pops Gold will rule again. But it will be too late for the average investor to get on board. I'm not saying that everybody should rush out and buy Gold. What I'm saying is that sensible investors and traders need to get prepared now. In fact 'now' is a bit too late.
FX_IDC:XAUUSDEducation
by Captain_Walker
2
#EURNOK and #UKBRENT #UKOIL CorrelationWhen we look at correlations in charting, we sometimes see certain #FX pairs are correlated to a #commodity or #index, in this instance I am giving you an example of #EURNOK vs #UKOIL #BRENT. These charts can help you make distinctions in the trend of the commodity, so when we see a #bullish EURNOK, you want to be looking a trades that are bearish Brent/UKOil, again this is not tick for tick, so, you will use confirmation like trendlines, underlying fundamentals etc. But you can clearly see the correlations. I suggest you try this with other markets, like #USDNOK #WTI #USDJPY #NIKKEI #SPX #10YR
Education
by B15H
1
3 trading methods with my indicator. :)it's mainly for swing trading, i use the 3 day / 15 day / monthly charts with it and it works perfectly, it works good for stocks and cryptocurrency. you will use heiken ashi chart style and turn on the EMA DOTS indicator. once the indicator is on you will hide the heiken ashi so you only see the dots. when a green dot -0.57% -7.44% appears you buy, if a green dot -0.57% -7.44% appears after that green dot -0.57% -7.44% you hold your investment. if a red dot appears you sell your position. easy as that. the standard dots setting will be set to 10 - use this for any chart above 3 days change the dots setting to 6 for 3day charts and below shorter time frames will be choppy. larger time frames will be smooth. *Daytrading smaller timeframes is possible but not recommended.
NASDAQ:AMZNEducation
by UnknownUnicorn2319099
3
USD SHOULD FALL IN LINE WITH 30YR GOVERNMENT BONDSThe bond market is a place where traders can gauge the strength or weakness of a currency. Typically when looking at the US 30YR Government Bonds, if the price of the bonds increases it tells us that traders are willing to invest into the US economy for the long term. This then should show that the USD is likely to increase in price. If the price of the bonds decrease it tells us that traders are unwilling to invest in the US economy for the long-term and that we should expect the price of the USD to fall. Currently, the 30YR Bonds are struggling to increase any higher and we could likely see a fall in price back to the highs in May. This tells us that the USD could fall lower in the coming weeks. Keep an eye out for this correlation and try looking at the past history using the compare tool here on TradingView.
TVC:US30YEducation
by BlueberryMarkets
Elements of a Successful Trading Plan 105SELF DEVELOPMENT/METHODOLGY/PSCHYOLGOY Elements of a Successful Trading Plan 105 5. Record Keeping Record keeping in Forex exchanging is similarly as critical as the exchanging plan and can incredibly expand the odds of achievement. In a perfect world, a person should keep some type of journal or diary to record every one of the exchanges he or she makes and their outcomes. By breaking down the records after some time, one can search for approaches to refine and enhance the exchanging plan for better outcomes. The diary, which is maintaining by the person, ought to become a precise record of each exchange he or she makes and needs to incorporate the accompanying data Recording the significant data at the season of entering an exchange encourages a person to adopt a deliberate strategy and guarantee that he is making the exchange for legitimate reasons – which is aligned as per the exchanging plan. After some time, he will develop a scope of information with reference to what prompts him to influence an exchange and this can be contrasted with the outcomes to see which techniques are working for individuals and which systems can be enhanced. A person can likewise utilise the data from the records to create certain insights about the exchanging, which can be useful while dissecting the exchanging history and searching for approaches to make strides. The accompanying insights, which are for the most part and are valuable to know: • Win Rate – The quantity of effective exchanges communicated as a level of all exchanges • Average Profits – The normal benefit of every single fruitful exchange • Average Losses – The normal loss of all losing exchanges • Net Profit – The aggregate benefits less any costs that are brought about • Top Currencies – The cash matches that give the best win/misfortune proportion and additionally the most benefit • Top Indicators – The signs used to settle on choices that have the best achievement rate Listed above is just covering a small handful of suggestions and somewhere to start:) Follow your Trading plan, remained disciplined and keep learning !! Please Follow, Like,Comment & Follow Thank you for your support :) This information is not a recommendation to buy or sell. It is to be used for educational purposes only!
Education
by SMPTrader
How to use my Indicator/MethodBuy Green Sell Red // it's mainly for swing trading, i use the 3 day / 15 day / monthly charts with it and it works perfectly, // it works good for stocks and cryptocurrency. // you will use heiken ashi chart style and turn on the EMA DOTS indicator. once the indicator is on you will hide the heiken ashi so you only see the dots. // when a green dot appears you buy, if a green dot appears after that green dot you hold your investment. if a red dot appears you sell your position. easy as that. // the standard dots setting will be set to 10 - use this for any chart above 3 days change the dots setting to 6 for 3day charts and below // shorter time frames will be choppy. // larger time frames will be smooth. // *Daytrading smaller timeframes is possible but not recommended.
BITSTAMP:BTCUSDEducation
by UnknownUnicorn2319099
1
The phenomenal Successful Trading Plan 103 & 104SELF DEVELOPMENT/METHODOLGY/PSCHYOLGOY The phenomenal Successful Trading Plan 103/04 3. Trade Preparation By concentrating on getting ready, the exchanging plans for the higher time allotments, the cash administration will dependably keep the proportion altogether. Trade proportion is the quantity of pips one may make versus the quantity for which one has a chance. Trade proportions for swing exchanging the H4 time span can be around +3 to +5 to +1 positive, which is incredible. However, on the D1 and W1 time periods, it can be +5 to as high as +50 to 1 positive. 4. Trading Rules As with any business, money management, or in the case of trading, trade management, is a crucial element that needs to be addressed in your trading plan. Having a robust trading plan with predetermined trading rules will allow you to act subjectively in response to market changes. Trading is not about winning all the time; it is about effectively managing your trades, whether they are winners or losers. Unfortunately, many come to trading with a gambling mentality and do not exploit the advantages available when managing trades. Do not risk one cent on the market until you have clearly defined each of your trade management rules. Following are seven trading rules, which you must determine for each and every trade you make and some potential considerations for each: 1. Entry 2. Initial Stop Loss 3. Position Size 4. Re-entry 5. Trailing Stop Loss 6. Adding (Position Building) 7. Profit Taking Exit Strategies For each one of these rules, you must have a pre-defined trading plan. You must know when you will enter the trade and execute your entry when the criteria are met. You must know your initial risk for each trade as determined by your initial stop loss before you risk any money on the market. You must plan when you will add to your winning positions and how you plan to exit your winning trades. It is not effective to determine your trading plan while in the trade. Emotional and psychological factors will influence your judgement and affect your decisions FOLLOW YOUR TRADING PLAN, REMAIN DISCIPLINED AND KEEP LEARNING :) More elements will follow... Like, share, Comment and follow us to keep updated on our professional trading ideas and education :)
NASDAQ:AAPLEducation
by SMPTrader
USDJPY: Election Day Is Here! Are You Buying? Or Selling? Are you about to answer yes or no? Well, the proper answer should be NEITHER! Why? If you paid attention to my previous posts on USDJPY, then you should know that I had already warned against doing any trading on this pair until the correction is over. I had posted about this before not because I was offering a free trading signal. No, I posted because I wanted to teach the value of PATIENCE! Patience is one the traits of all successful traders and learning to "sit on your hands" is just as valuable as knowing when to trade. Preserving your money is just as important as making money after all. So again, because I'm trying to hammer into you the importance of being PATIENT, I am posting this again with an update on this election day in the USA. I wrote on my chart update that I sent out that today was probably not going to see much action in the USD-crossed markets because the market is likely going to wait until it gets a clearer picture of the results of the elections. And don't forget that there is also the FOMC this week as well. Taken together, it would not be surprising to just see most markets just swinging up and down and move sideways. So how does that tie into my wave count that I have been following for awhile now. That wave count indicates to me that prices are currently in a corrective wave which I labeled a wave b. To remind you of what I said and posted a few weeks ago, this is what I said back then: "BE PATIENT and WAIT for the wave B to finish and then look to trade the wave C down! Can you do that? BE PATIENT? Remember, NOT trading is also an action! Preserving your money is just as important as making money!" Here's the link to my original post from a few weeks ago: So if you see my updated main chart above, you will notice that I still have prices working in the wave b. So what does that mean? It means to "BE PATIENT" and just wait! My chart and that wave count that I been following for weeks agree with what I said above about today's election day and this week's FOMC......that there is NOTHING TO DO HERE except to sit on your hands and wait! Want more information on this idea and others? See my links below.....
Education
by EverythingForex
7
Is a Trade Deficit Good or Bad?One of the ongoing debates in the US economy, still looming over the election date, is whether a trade deficit is bad or good. Donald Trump suggests that the trade deficit is bad as it means that the US is producing less than it could and hence people are left without jobs. Most economists, on the other hand (here are examples A, B, and C) do not agree with this point, their arguments being that trade is beneficial to all countries, regardless of whether a particular country registers a surplus or a deficit. To begin with, it is easy to see the validity of the economists’ arguments: how many countries would have access to technological goods they had not developed themselves if no trade existed? You would probably not have been able to read this post on your PC or your smartphone and I would have no way to communicate these views if it wasn’t for imported technology. Then comes what economists have dubbed as comparative advantage, i.e. someone’s ability to do something much more efficiently than ourselves. This can be due to a number of reasons: not all countries can cultivate coffee beans, while not all countries can become financial or shipping hubs or have huge factories all over their territories. Consequently, geographical restrictions and benefits, as well as weather and country size can play an important role as to what goods and services a country can offer. This was well understood centuries ago (90 millenia according to this guy), as Egyptians travelled to India to obtain spices. In recent years, this was just rephrased to mean outsourcing: instead of purchasing goods and services from abroad to transform them into different products in our own country (e.g. silicon to create computer chips), businesses have found that it is more profitable to actually construct most of the products they need abroad and then assemble them back home. This makes the whole production more efficient and thus allows firms to be more competitive across the world. Naturally, business tactics are not the only reason for a trade deficit. Another, more important role for a trade deficit is because a country is rich and can afford to consume more than it produces. I guess the same would hold for the ancient Kingdom of Egypt and for the US: they consume because they like to and, most importantly, because they can. In fact, trade also has some interesting geopolitical implications: if country X is importing heavily from country Y then the latter is dependent on the former, thus giving country X more power. Moving from trade to trade deficits, a usual argument in favour of trade deficits is the following: if someone is willing to give you goods in exchange for pieces of paper (which is what money really is) then wouldn’t you be very happy in that scenario? It costs nothing to print pieces of paper and, so long you are prudent in printing, the pieces will more or less maintain their value. In this case, it should not matter if your deficit is 2% or 15% of GDP. In real life though, it does. A higher trade deficit would usually mean a depreciation of the currency, while, at the same time, it would mean an improvement in domestic consumption. The question which matters is how this trade deficit is supported. Despite the apparent complexity in the economy, there are really not many reasons on why this could happen: government spending, bank lending, central banks issuing money and less savings. Usually, the first three are the “culprits” for the increase in spending, all of which can lead to unsustainable trade deficits. For example, rapid credit expansion, uncontrollable increases in government deficit and debt, as well as excessive money printing, can all be blamed for trade deficits going bad. Still, this is not absolute: a large trade deficit can also be indicative of a growing economy, as consumption and investment are increasing. A stable, but not excessive, credit expansion, a government deficit which is not in greater than GDP growth, and money printing in regular quantities can be viewed as contributors to higher growth than warning signals. What’s the conclusion: a trade balance is not bad on its own, unless it is associated with credit booms, unsustainable government policies, or reductions in the savings rate. While in developed countries these events are less frequent than in developing ones, they can still occur. Still, it’s far more often the case that a banking or a sovereign debt crisis will erupt rather than to experience trade balance problems. Nektarios Michail, Ph.D Market Analyst HotForex Disclaimer: This material is provided as a general marketing communication for information purposes only and does not constitute an independent investment research. Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of buying or selling of any financial instrument. All information provided is gathered from reputable sources and any information containing an indication of past performance is not a guarantee or reliable indicator of future performance. Users acknowledge that any investment in FX and CFDs products is characterized by a certain degree of uncertainty and that any investment of this nature involves a high level of risk for which the users are solely responsible and liable. We assume no liability for any loss arising from any investment made based on the information provided in this communication. This communication must not be reproduced or further distributed without our prior written permission.
INDEX:DXYEducation
by HotForex
US MIDTERM ELECTION IN THE SPOTLIGHTNovember 5, 2018 ·Andria Pichidi On Tuesday 6 November, US will proceed with the off-year elections, occurring every 4 years, before the presidential elections. The particular mid elections are expected to affect the markets as the outcome of the election will be important for the future of the President and for the control of the Congress. As the Republicans control the 54.4% of the House and 51 out of 98 seats in the Senate, it will be interesting to see whether Republicans manage to keep the control of the Congress. The control of Congress will certainly have a significant impact to any future fiscal policy judgements, as each of the parties could have the power to pass their legislation proposals or to vote against opposing legislation agendas. Therefore, Tuesday's voting will have without a doubt an impact on equity markets. Based on the history of US Presidency, we rarely saw so far the Republicans holding the control of the House and Senate, and even more rarely to remain in charge after the mid elections. The most of the surveys in the last few months suggest that there is a high risk for Republicans to be deposed, while FiveThirtyEight website gave 80.7% to the Democrats holding the House, and 69% to Republicans of holding the Senate control. From the markets perspective, the US Equity market has been reacting on any outcome of mid elections positively. More precisely, as Rathbones Brothers state, "US equities tend to be rather directionless in the six months before a midterm election, with a little extra volatility. Over the subsequent six, equities tend to rise steadily". In the past three midterm elections, where Congress' control changed hands either overall or part of it, the US equities remained on the upside movement. This can be confirmed also in the USA500 diagram Therefore, it seems that in general mid elections results, i.e. which party losses/gains/keeps the control of the Congress, are not directly correlated to the US Equities or the global market. Taking as an example the 2006 elections where Democrats took the full control of the Congress with a Republican President, and US remaining in an upside trend. Similarly to USA500, the US Dollar has not been affected from its prior-election direction. However, despite the historical performance of US equities and the US dollar, if we turn back in politics and the current US economic performance, it is not unlikely to see any extraordinary movements in the market in case that Democrats retake the control of the house. Based on the fact that US economic growth is doing extremely well in the past year, a democratic sweep of Congress could have a negative impact on US equities. Meanwhile, if Democrats manage to gain the control of both house and Senate, then it is likely to see US equities facing an even stronger negative momentum. In this case, the hopes of a democratic member to win the 2020 elections will rise, while there are risks of legislation changes from Democrats ( i.e. reduction in corporate tax, changes in budget balance) or block of presidential appointments. Hence this could have a direct impact on US economy and of course US stocks, which have been boosted from Pres. Trump’s tax plan. On the fiscal policy perspective, Democrats as they already mention in the past, they believe on the spending on infrastructure programme. This could help the industrial and material sectors to be boosted.  That could be good news for the industrials and materials sectors of the equity market—and possibly good for bond yields if Congress raises taxes to pay for it. In conclusion, there are 3 scenarios for Tuesday's Congressional election -- a GOP sweep, a Democrat sweep, or a split with Democrats taking back the House and Republicans maintaining their Senate majority. As mentioned, with history and poll on their side, the markets' base case is the split. Meanwhile, the big risk seems to be a potential Democrat victory – in either the House or the Senate, which would severely crimp President Trump's agenda, including fiscal and regulatory issues. President Trump would be unable to enact the remaining policies on his to do list, and hence he may focus all of his attention on the one thing for which he does not require Congressional approval: stoking the trade war. The potential for gridlock in Washington might be taken relatively bullishly by the bond market as increased fiscal stimulus would be in doubt, Wall Street may not like the headwinds to further economic growth. If the Republicans were to maintain control of the legislature, the president would have virtually all policy options open to pursue his domestic and international agendas. That would likely be a more bullish outcome for equities, and further pressure Treasury rates higher, both on beliefs of stronger growth, and a potentially more hawkish FOMC. Andria Pichidi Market Analyst HotForex Disclaimer:  This material is provided as a general marketing communication for information purposes only and does not constitute an independent investment research. Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of buying or selling of any financial instrument. All information provided is gathered from reputable sources and any information containing an indication of past performance is not a guarantee or reliable indicator of future performance. Users acknowledge that any investment in FX and CFDs products is characterized by a certain degree of uncertainty and that any investment of this nature involves a high level of risk for which the users are solely responsible and liable. We assume no liability for any loss arising from any investment made based on the information provided in this communication. This communication must not be reproduced or further distributed without our prior written permission.
TVC:DXYEducation
by HotForex
US Dollar under potential threat as de-dollarization sets in.In this screencast, I'm looking ahead for potential moves, possibly south in the US-Dollar. This is about preparedness. In the video I explore emerging geopolitical and macroeconomic issues that are taking place. The US-Dollar strength has big influence at this time on: 1. Commodities 2. Metals - especially Gold and Silver 3. Oil 4. Stock markets in the US and elsewhere. 5. US-Dollar currency pairs. - and more. This thing is big! There is reliable information about a silent forex war happening largely unseen as China, Russia and Japan are giving up US debt, and moving into Gold and Crytocurrencies. I don't do predictions, so I'm unable to say what this would mean for the future. Do not take my word for it - check out this stuff on reliable information channels (unable to give further information here - but PM me if you wish).
FX:USDOLLAREducation
by Captain_Walker
Triple TOP/BOTTOM Reversal PatternTriple Top is a Bearish Reversal Pattern which means the long term uptrend will be switched into long term bearish trend Triple Top chart Pattern means the price with base candles or wicks must touch 3 times in row same level in form of peaks Peak, correction/re-fuel,peak and so on for three times in row These TOPS will become a strong strong resistance line, if after third peak the resistance line can t broke we will have a nice short oportunity First, we need a confirmation about this Triple Top Pattern so we can entry ONLY when we broke the neckline and the target will be the distance of the neckline and TOP Triple Bottom is a Bullish Reversal Pattern which means after a long downtrend the coin will change their trend to LONG TERM BULLISH We can see in this picture 3 times tried to break the huge support but they can t and after this we can say that was the BOTTOM The price of coin will increase but we can enter into this trade ONLY when we are about the neckline which is a strong resistance If we are closing above neckline(resistance will be transformed into support) and also we can continue to grow Target is the distance from BOTTOM(support) and Neckline
Education
by CryptoRomaniaTD
USDCAD - 20-30% Cyclical Long Trade? 2 Year PlanUSD fundamentals have become interesting with the Fed taking an increasingly hawkish stance with interest rates, unwinding QE, and speaking highly of US economic growth. The US govt's stimulus plans also likely means US debt will increase through sale of more US treasuries, and holding this debt will become more interesting to market participants as wealth preservation suddenly becomes a thing again with the end of NIRP. Other currencies will likely fail to keep up with a strengthening USD, and non-US central banks may even try to cheapen their currencies to favour their trade surpluses. In terms of the technicals, since the beginning of 2016, the USD has been consolidating against CAD, forming a large flag consolidation pattern on the weekly. On the monthly we have a rising wedge pattern, but this pattern is likely to play out further before playing out as a reversal. The trend is clearly in favour of the USD bulls with prices currently trading above the EMA50, with the indicator trading comfortably above the EMA200. The cyclical trade is to the upside. Combined, the fundamental and technical picture points in favour of the USD. The recent US-Canada trade deal also points toward potential weakness for the CAD, as the US has now gained increasing control over Canadian trade and monetary policy (see recent discussions on NAFTA renego and the new terms of the deal). Monthly snapshot: ***This is not investment advice and is simply an educational analysis of the market and/or pair. By reading this post you acknowledge that you will use the information here at YOUR OWN RISK
Education
by Trader6127
EURUSD / H4 / Cypher PatternAs many of You are familiar with the Cypher Pattern.In this Scanerio We have Cypher Last Leg in formation which will complete the Pattern and from where we can place our Long position Typical Cypher has these Fib Levels 1- Cypher pattern starts with the X and A points 2- Point B retraces to 0.382 – 0.618 Fibonacci level of the leg XA 3- Point C is formed when prices extend the XA leg by at least 1.272 or within 1.130 – 1.414 Fibonacci extension 4- Point D is formed when it retraces 0.782 Fibonacci level of XC. How I trade this Pattern ? First of all at the Completion of D , I personally Dont place orders ,What i do is 1- wait for market to go close to X to get a Good R/R 2- wait for double bottom on H1 or H4 3- Candlestic formation ( Bullish Hammer or Bullish Engulfing Candle) Targets : First TP is 0.382 Fiv retracement from C to D TP2 can be varied Depending on Structure levels SL : Below the X If you like Our work, Please Appreciate with a Thumbs Up . Good Luck Trade Green
Education
by FxTicks
3