Technical analysis of the USDCHF currency pairIn the daily time frame, we see the formation of an idol pattern and divergence in the RSI indicator. The price is expected to experience growth up to the 0.8700 range.
Usdanalysis
Weaker DollarAs The Employment Data This Month was Really Bad, and The Fed is Likely to Cut Interest Rates in September. its Looking Bearish for the Dollar,
Could we see a bounce off major support?Price is in a large ascending channel suggesting there might be bullish momentum pushing prices up. Our pivot is at 0.8822 which is a pullback support level - if price were to bounce from this level, we could see it rise towards the 1st resistance at 0.8877 which is a recent major swing high resistance.
If price were to break the pivot, we could see it drop towards the 0.8777 support level which has seen prices bounce off multiple times in the past.
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GBPNZD LONGhello traders.as you see in 4hr we can see the change of direction and this demand area.now after pullback to this zone, in smaller time we wait for confirmation to open our long position.
R:R 3.42
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DOLLAR / DXY - Day-Trading Market Idea Price Action - Smart Money Concepts - Institutional Trading.. My Trading Analysis
4H: Price has not created new high, possible retracement to see IF price will continue uptrend at previous Higher Low or Break Structure.
1H: Price FAILED to create new high as well. We see a BOS on the line chart... indicating a possible reversal / retracement.
15M: (Entry Confirmation):
Would like to see price Break structure here while taking out the lows and continue down to next POI.
Will go over this on stream today.
2023.7.14 USD has fallen below the 100 integer mark2023.7.14 USD has fallen below the 100 integer mark
Hello, I'm Older Duan. Today is Friday, July 14th 2023.
Now it's 17pm Beijing time.
Let me give you a quick comment on the technical forms of the current international mainstream varieties!
First, what we see is the daily graph of the dollar index.
As shown in the figure, the U.S. Dollar Index has fallen below the 100.00 integer level, coming near the daily level of 610MA!
Now, let's look at gold.
Now you can see the daily chart of gold.
The figure superimposes the combination of gold's recent bottom-up golden section and Fibonacci parameter mean square!
As shown in the figure, gold has been trading at the bottom against the 2.000 level of the gold split in the past two trading days, and it is also the highest point on February 2, 2023 ($1959.69), engaging in long short competition! Then, we can continue to use this position as an important Bitwise operation in the day later today! Above this position, bulls dominate; Below this position, bears dominate!
Let's take a look at American crude oil.
What you are now seeing is daily level candle chart of US crude oil. The graph superimposes the recent bottom-up golden section of US crude oil and the Fibonacci parameter mean square combination!
As shown in the figure, US crude oil yesterday broke through the bottom of the bullish 1.618 and daily level 233MA, and today's low hit the daily level 233MA ($76.35)! Then, in the following time today, just use this position as an important point in the day for Bitwise operation! Above this point, bulls dominate; Below this point, bears dominate!
Let's look at EURUSD.
What you can see now is the daily chart of EURUSD.
The figure superimposes the combination of European and American currencies against the recent bottom of the golden section and Fibonacci parameter mean square!
As shown in the figure, the euro rose sharply against the US dollar again yesterday, with the next strong pressure at 1.12800! Then, in the future, we can use today's opening price (1.12228) as the Bitwise operation of the day's important point! Above this position, bulls dominate; Under this position, bears dominate!
Finally, let's take a look at GBPUSD.
Now you can see the daily chart of GBPUSD.
The figure superimposes the combination of the recent bottom of the GBPUSD against the golden section and the Fibonacci parameter mean square!
As shown in the figure, the pound has reached a strong pressure level against the US dollar: the bottom is at 2.382 (around 1.31300) above the golden section! Then this position will be used as the Bitwise operation operation of the important point in the day in the future! Above this position, bulls dominate; Under this position, bears dominate!
Well, the above is a quick inventory of the technical forms of the international mainstream varieties in today's European period!
Special reminder, Today is Friday, and all important data for this week has been released. The weekly line will close tonight, and it is likely that there will be a pullback trend. Please pay attention to the risks!
Im Older Duan. Wish you happy win . Goodbye!
#USDCAD 4H Sell☑️Broke the structure on the 4 hour timeframe
☑️Broke the structure on the 1 hour timeframe
☑️Lots of liquidity at the bottom
If we break the red level on the 4H timeframe, the analysis becomes invalid🙅♂️
Is this the End of US Dollar Dominance? The US dollar's position as the primary global reserve currency is being challenged as countries become eager to insulate themselves from Washington’s influence.
For decades, the dollar has dominated the global monetary system. Currently, about 60 percent of foreign exchange reserves held by central banks are in US dollars, and nearly 90 percent of all currency transactions involve the use of the dollar.
However, the dollar's reserve status began to decline in 2014 when some major global powers began to de-dollarize their business dealings. The War in Ukraine, and the subsequent sanctions that it inspired have accelerated the de-dollarization process. For one, Chinese authorities were surprised by the seizure of the Russian central bank's foreign exchange reserves following the Ukraine invasion. In the event of a conflict between the US and China, Chinese assets could also be at risk.
Recent de-dollarization events include:
During a press briefing at the Davos forum in January, Saudi Arabia's Finance Minister Mohammed Al-Jadaan surprised journalists by stating that the oil-rich nation was willing to consider trading in currencies other than the US dollar for the first time in 48 years.
Last week, Chinese and French energy companies completed the first-ever deal on liquefied natural gas (LNG) in China using the renminbi yuan currency. The trade involved the import of 65,000 tons of LNG from the United Arab Emirates and represents a significant milestone in Beijing's efforts to challenge the US dollar's position as the universal "petrodollar" for gas and oil trade.
Brazil has also recently announced an agreement with China to trade directly in their own currencies, bypassing the US dollar as an intermediary.
India is also making efforts to reduce the US dollar's dominance in international trade by launching separate programs to settle transactions in their own currencies. The Reserve Bank of India recently allowed central banks from 18 countries to open special Vostro Rupee Accounts (SVRAs) to settle payments in Indian rupees.
Overall, the US dollar's share of the global market has decreased from 71 percent to 59 percent over the last two decades and could shrink even further in the future. The primary victim in this scenario is the United States, as currency usage in global trade is a zero-sum game. Each time a yuan, real, or rupee is exchanged on the global market, a dollar is not. If credible alternatives gain steam, the dominance of America in the global market will be compromised.
DXYThe price had double bottom and I think it can touch top red line, it can be number 4 or can break up the line. It can affect most of charts.
DXY - An interesting neutral pictureWe have run across a situation on DXY where we must have one of the two confirmations to side either with bulls or bears. There are two possibilities at the moment:
1- The Bull Flag confirms breaking out of this 112.xx zone we shall have a full on signal to go long to the targets as described in the chart
2- If we break lower than 108.8x zone, we shall then have a confirmation of the triple tops pattern which is a signal to go short to the target zone described in the chart.
You can relate your entries on precious metals as well with this analysis. Since, DXY is inversely proportional to silver and gold.
Best of luck, happy trading and happier profits :-)
US DOLLAR GAINING?DXY has been making beautiful moves on the chart as you see, so after observing these moves i concluded that it is gaining, and really from here on out we can buy the currency maybe till Friday, on Monday, but only provided we get a clear confirmation of the buy
Conditions: if we hold prices above the current support(previously a resistance), and the go up a bit till it comes back a bit to retest current support.
i trade supply and demand and trendlines, this is not a financial advice, only an analysis so if you could confirm your signals before taking stranger's signals, that'd be awesome
i hope you like the idea, and comment any questions.
Thank You for viewing
US-DOLLAR falls with rising YIelds? NonSense!Hey tradomaniacs,
we currently see weird correlations as YIELDS are going up (especially shorter-term-yields which are likely to move up faster when facing a recession) while the US-Dollar falls.
As you might know, this makes less sense and we should soon see who one of those is lying.
The mixed NFP-Result which was actually bearish for stocks (not in detail due to poor jobs) is causing a little bit of confusion.
Technically we could see a bounce in USD... or a breakout soon? Will YIELDS go down and stocks pump? Since market bets against FED its getting tricky again!
We might see again correlations with sense and more moves after CPis on thursday.
What do you think?
DXY (US-DOLLAR) at a very important Zone!Hey tradomaniacs,
so far EURO has been very strong since the market has recieved dovish tones from the FED as they are concerend about the current slowdown in the economy.
Thoughts explained in the chart. Both scenarios can happen tomorrow!
Bearish run expected on USDCHFPivot: 1.0080
Our Preference:
Short Positions below 1.0080 with target at 0.9930 and 0.9790 in extension.
Alternate Scenario:
Above 1.0080 look for upside with 1.0150 as targets
Comment:
As long as the resistance zone at 1.0080 is not broken , the risk of the break below 0.9930 remains high.
You Can send me a private message if you want
💰BUY NZDUSD at the best price and place🧨🔰You can see the analysis of the New Zealand dollar to US dollar currency pair in a 15-minute time frame (NZDUSD_ 15min) 🔍🧨
💥If the price breaks the Down trend line🖤, if the price returns to the DEMAND zone, it can rise to the SUPPLY zone🚀🔺
Do you think this analysis can be profitable❓
I hope the analysis was useful for you🤍🌹
_______📈TRADER STREET📉______
💢Best price and place for BUY EURUSD💰🧨🔰You can see the analysis of the Euro-US dollar currency pair in the 30-minute time frame(EURUSD_ 30min) 🔍🧨
💥The price has fallen from the specified SUPPLY zone and is currently in the support zone caused by the DEMAND zone and is moving in a Bearish parallel channel🖤 If the price can reach the overlap area and the intersection area of the DEMAND zone and the lower line of the Bearish parallel channel🖤 (dynamic support), it can experience an upward trend up to Resistance 1 🧡, and if it can break Resistance 1 upwards and stabilize❗️ above it , can have another climb up to Resistance 2🧡🚀🔺
Do you think this analysis can be profitable❓
I hope the analysis was useful for you🤍🌹
📌Please introduce the channel to your friends 🙏🏻
_______📈TRADER STREET📉______
🌟SELL GBPUSD at the best price and place🧨🧨🔰You can see the analysis of the British pound to the US dollar currency pair in a 15-minute time frame (GBPUSD_ 15min)💣🔍
💥Considering the breakout of the Up trend line🖤, in case of a pullback❗ of the price to the trend line and the SUPPLY zone, the price can experience a fall to the DEMAND zone🔻🔻
Do you think this analysis can be profitable❓
I hope the analysis was useful for you🤍🌹
📌Please introduce the channel to your friends 🙏🏻
______📈TRADER STREET📉______
⭕️SELL EURUSD at the best price and place🔥🔥🔰You can see the analysis of the EUR to US dollar pairs in the 15-minute time frame (EURUSD_ 15min)🧐💣
💥Due to the presence of the price in the SUPPLY zone, if the price can break the uptrend line🖤 downwards and stabilize❗ below it, then it can experience a fall to the DEMAND zone🔻🔻
Do you think this analysis can be profitable❓
I hope the analysis was useful for you🤍🌹
📌Please introduce the channel to your friends 🙏🏻
______📈TRADER STREET📉______
⭕️BUY AUDUSD ; It's time to buy🚀🔰You can see the analysis of the Australian dollar to the US dollar currency pair in the one-hour time frame (AUDUSD_ 1H)💣🔍
💥Due to the fact that the price was able to break the Down trend line🖤 and then pullback💜 to it, the price can have upward🔺 Resistance🧡
SUPPLY and DEMAND zones are indicated in the picture👌
Do you think this analysis can be profitable❓
I hope the analysis was useful for you🤍🌹
📌Please introduce the channel to your friends 🙏🏻
______📈TRADER STREET📉______
📢EURUSD analysis in Daily time frame🤨💰🔰You can see the analysis of the euro to the US dollar in the daily time frame (EURUSD_ 1D) 🔍🧨
💥As it is clear from the picture, the price is moving in a Bearish parallel channel🖤🧐 Due to the presence of the price in the dynamic support area (the lower line of the Bearish parallel channel🖤), there is a possibility that the price will rise to the specified area🚀🔺
Do you think this analysis can be profitable❓
I hope the analysis was useful for you🤍🌹
📌Please introduce the channel to your friends 🙏🏻
__________📈TRADER STREET📉___________
⭕️SELL USDJPY ; Its time to sell❗️🔰You can see the analysis of US dollar to Japanese yen in one hour time frame (USDJPY_ 1H)🔍💣
💥As it is clear from the picture, the price is moving in a Bullish parallel channel💜❗ Due to the presence of the price in the SUPPLY zone and the Resistance area (the upper line of the Bullish parallel channel💜), we can expect the price to fall🔻 to the overlapping area of the Up trend line🖤 and Support🧡🧐
Do you think this analysis can be profitable❓
I hope the analysis was useful for you🤍🌹
📌Please introduce the channel to your friends 🙏🏻
__________📈TRADER STREET📉___________
⭕️BUY USDJPY at the best place and time 😉 ❗️🔰You can see the analysis of the US dollar in Japanese yen in a four-hour time frame(USDJPY _ 4H)💣🔍
⚪Due to the overall price uptrend, the best area to buy overlapping❗ area is the black🖤 uptrend line and the broken downtrend line is orange🧡 and DEMAND zone❗❗ If the price reaches this overlapping area, it can have an upside to the SUPPLY zone🚀🔺
Do you think this analysis can be profitable❓❓
I hope the analysis was useful for you🤍🌹
📌Please introduce the channel to your friends 🙏🏻
__________📈TRADER STREET📉___________
DXY correction has started
DXY still pumping along with weakening momentum.
Is now breaking out diagonal support as a sign of correction.
We will see some short-term relief bounce on other asset, stock, crypto, gold IMO.
Take a closer look at 107.9 - 106 area, DXY could start pump again when touching this area.
Note : Fed % rate catalyst is still strong that could make this plan invalid.
