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Usddollar

USD/JPY, DAY CHART, SHORT (15-JAN-2017)Note: USD/JPY tested the resistance zone at 118.5 level 2 times and the bullishness was rejected. Here, are 2 trading plans for this pair: 1. If USD/JPY managed to break the support zone at 114.5 level strongly, wait for pullback and bearish signal to short. 2. If the price unable to break the support zone, buying power might come in. In this case, wait the price move back to resistance level near 114.5 and waiting bearish signal to short!
Short
by YongLiang
AUD/USD, DAY CHART, SHORT (8-JAN-2017)Note: From the big picture, we remain bearish on this AUD/USD. There are 3 possible trading plans for this: 1. If the price break the support line at 0.729x level significantly, wait for pullback to short with right risk. 2. If the price continue pullback back. 0.742x level will be next shorting opportunity. 3. if the price correction is way too strong, it might restest the strong support line at 0.753x level. Another better short area.
Short
by YongLiang
2
EUR/USD, DAY CHART, SHORT (2-JAN-2017)Note: EUR/USD follows our prediction last week, a price correction to the resistance zone is high likely to happen. Overall, we remain bearish on this pair. Now, there are 2 ways to trade this pair: 1. Wait for a bullish signal now near the 20-EMA and resistance zone to short with right risk amount. 2. The price might further pullback to the next resistance at 1.075x level. In this case, we also need to wait for bearish signal to short.
Short
by YongLiang
NZD/USD, DAY CHART, SHORT (2-JAN-2017)Note: Congratulations to those who follows our winning trades on this pair last few weeks. Again, the price having correction as per our prediction previously. Now, we have 2 trading plans for this: 1. The price pullback to both the resistance zone and 20-EMA, followed by a bearish signal. A good signal to short with right risk amount. But caution on the 1st opening week on forex market behaviours. 2. When the price breaks the immediate support line, we can look for opportunity to short again.
Short
by YongLiang
USD/JPY, DAY CHART, LONG (2-JAN-2017)Note: Overall, we remain bullish on USD/JPY pair. Now, price having correction to 20-EMA, followed by a bullish signal. It is a Swing Setup, but aware of the immediate strong resistance zone. There are 3 trading plans for this trade: 1. Long now with little risk amount as it is a good swing setup. 2. Wait the price having more correction to the strong support zone, it is a good time to accumulate long positions. 3. If the price managed to break the strong resistance zone, wait for Pullback and bullish signal to long!
Long
by YongLiang
NZDUSD : Get inside both short and mid term bullish trendThe NZDUSD pair is fluctuating inside both short term and mid term upside trends , with the easily recognizable tops and bottoms that are oriented upside. After a constructed drop in september and early october, NZDUSD has made a bounce at a great support point : - The ascending trendline support that shows the pace of the mid term trend - The 150 days moving average, which constitutes a dynamic support since March of this year. Since that bounce, the short term construction is also bullish. The current drop makes a great opportunity to enter long on this pair, with the following simple strategy : - Open long under 0.7200 - Stop @ 0.7085 (below the previous bottom) - Target @ 0.7380 (just bellow the previous top to make sure you get executed if the scenario is favorable) Reward/Risk ratio = 1.56 This scenario is short term ; if the stop had to be reached then we would seek to enter later, for example near the major support.
Long
by AlexandreNygal
Dixieland. Issue #2 from 11.09.2016Expectations Last week we could perfectly see how "Sell rumours, buy facts" work. Well, for now we´ve only seen the "Sell rumours" part... US Dollar index climbed from the lows of the week after testing the uptrend line and, after the verbal intervention of one of the FED voting members, SPX500 index plunged. Obviously, many people talked about the intervention and few noticed that there was another news from the FED behind: the Countercyclical Capital Buffer or CCyB. The details can be found on one of the links below. When this is implemented, the basic outcome is that the banks will may find difficulties on buying bonds at the emerging markets and junk bonds. In search of profitability, emerging markets and junks experiencing an impotant bounce this year, so CCyB will basically drop the risk/reward level below the reasonable limits. The reaction to this was a clearly risk-off: indexes dropped and I expect oil, gold, Euro and GBP to follow next week. Many will run into the US Dollar before the next FED meeting. bankingjournal.aba.com www.federalreserve.gov
TVC:DXY
by captain_smollett
1