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Usddollar

USDTRY In A Bullish Move! - Elliott wave analysisHello traders, USDTRY is bullish, clearly in a five-wave move, up from 5.64 level. We can see waves (I), (II), (III) and (IV) as completed, so recovery from 6.68 can be part of a final wave (V). Wave (V) is an impulse itself, therefore five legs within is must be seen, before resistance, and a reversal in three legs may show up. Now there are only three legs seen, within a wave (V). Possible resistance for wave (V) is at 7.5/7.8 level.
by ew-forecast
USDCAD Targeting 1.385 Level - Elliott wave analysisHello traders, USDCAD started rallying from the 1.3318 low, indicating that wave C) of a higher degree is completed, and that a minimum three-wave turn is underway. We labelled a completed leg A/1 and B/2 as part of a reversal, so current rally from 1.348 swing low can be part of wave C or 3. In case of wave C price can target area at Fib. ratio of 100.0 (1.385 level), where wave A would equal wave C in length, and price would turn lower. However, in case of wave 3, price can reach area at Fib. ratio of 161.8 (1.40 level), and turn lower only for a temporary setback as part of a bullish reversal. Trade well, The EW-forecast team
by ew-forecast
DXYHope all of you survived March 2020... So we have a quite interesting scenarios with DXY which is showing us several possible down movements. What is important to know, we are about to enter "the post-virus economy" which already started with huge stimulus from FED and other CBs worldwide. BUT why don't we get a USD falling into hyperinflation after the enlarged QE and agreed to add up to 2 trl? The answer is in money multipliers but anyway we will see some effect. Let's back to TA, so we have 3 base scenarios: 1. Yellow: we wait for the continuation of down movement after the recent correction; 2. Green: similar to the Yellow but more extended in time; 3. Purple: in this case, we wait for much deeper down movement; P.S. First of all I'm looking at the shape of the movement, not at the price, please don't consider levels and line as a target or as a signal.
TVC:DXYShort
by EmilShakaryan
EURUSD Entering Strong Resistance! EURUSD keeps rising. so many traders are struggling with the identification of the next pivot point for the pair. and indeed: just during the last two weeks, at least 4 key levels were easily broken to the upside without any hesitation. on Friday the pair has reached an important historical area of resistance and the market closed with a strong rejection confirming the significance of the underlined area. based on that, next week EURUSD may retrace lower at least to 1.122 - first strong support. take this into consideration and adjust your trading plan accordingly! have a great weekend! please, support the idea with like and comment! thank you!
Short
by VasilyTrader
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