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DJ FXCM Index

USDCHF Be ready for these trades based on the 1D MA50.The USDCHF pair has been trading within a Channel Up pattern since the September 06 2024 bottom. This is inside a larger Rectangle in which the pair is consolidating for the past 1.5 year. The bottom of the Channel Up is being tested again today for the 2nd time since January 27, which was a 1D MA50 (blue trend-line) test. This is the key of the pair's trend technically in our opinion. The current level being so close to the 1D MA50, is the ideal short-term buy entry to target Resistance 1 at 0.92265 on the lowest risk. If the price breaks below the 1D MA50 however, we will quickly take the minimal loss and reverse to selling the bounce near 0.9100, as this bearish break-out took place on both previous Channel Up patterns on May 15 2024 and October 19 2023. In that case the trade will be long-term, targeting just above Support 1 at 0.84000. ------------------------------------------------------------------------------- ** 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. ** ------------------------------------------------------------------------------- Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis. 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
by TradingShot
1
The Stablecoin Revolution: Is the Dollar's Reign Over? The Future of the Global Cryptocurrency Market: Navigating the Rise of Stablecoins and the Shifting Sands of Global Finance The cryptocurrency market has exploded in popularity over the past decade, evolving from a niche interest to a global phenomenon. While Bitcoin remains the dominant player, the landscape is rapidly diversifying, with stablecoins like USDC and Tether playing an increasingly crucial role. This article explores the future of the global cryptocurrency market, examining the growing influence of stablecoins and their potential impact on the traditional financial system, particularly in relation to the US dollar and the DXY index. The Rise of Stablecoins: Bridging the Gap Between Crypto and Fiat Stablecoins are cryptocurrencies designed to maintain a stable value, typically pegged to a fiat currency like the US dollar. This stability makes them attractive for everyday transactions and as a safe haven within the volatile crypto market. USDC and Tether are the two largest stablecoins, with market capitalizations in the tens of billions of dollars. The appeal of stablecoins lies in their ability to combine the benefits of cryptocurrencies – such as speed, low transaction costs, and 24/7 availability – with the stability of traditional currencies. This makes them ideal for a variety of use cases, including: • Remittances: Sending money across borders using stablecoins can be faster and cheaper than traditional methods. • Payments: Stablecoins can be used for everyday purchases, both online and in physical stores. • Trading: Stablecoins provide a stable asset for traders to use when navigating the volatile cryptocurrency market. • Decentralized Finance (DeFi): Stablecoins are a key component of DeFi protocols, where they are used for lending, borrowing, and trading. The Impact on the US Dollar and the DXY Index The growing adoption of stablecoins has raised questions about their potential impact on the US dollar and the DXY index, which measures the dollar's strength against a basket of other major currencies. Some analysts believe that the widespread use of stablecoins could weaken the dollar's dominance in global trade and finance. However, it's important to note that most stablecoins are currently pegged to the US dollar. This means that their value is directly tied to the dollar's performance. As a result, the rise of stablecoins could actually strengthen the dollar's position in the short term. In the long run, the impact of stablecoins on the dollar will depend on several factors, including: • Regulation: Governments around the world are beginning to pay close attention to stablecoins. The regulatory frameworks that are developed will play a significant role in shaping the future of these digital assets. • Adoption: The widespread adoption of stablecoins will be a key factor in determining their impact on the dollar. If stablecoins become a major force in global finance, they could challenge the dollar's dominance. • Competition: The emergence of other stablecoins pegged to different currencies, or even central bank digital currencies (CBDCs), could reduce the reliance on dollar-pegged stablecoins. Opportunities and Challenges in the Cryptocurrency Market The future of the cryptocurrency market is full of opportunities and challenges. The continued growth of stablecoins is likely to play a significant role in shaping this future. Other key trends to watch include: • Institutional adoption: More and more institutional investors are entering the cryptocurrency market. This is bringing increased legitimacy and liquidity to the market. • Technological innovation: The cryptocurrency market is constantly evolving, with new technologies and applications being developed all the time. This innovation is driving the growth of the market. • Regulatory clarity: As governments around the world develop clearer regulatory frameworks for cryptocurrencies, this will help to reduce uncertainty and encourage further adoption. However, there are also challenges that the cryptocurrency market must overcome, including: • Volatility: The cryptocurrency market remains highly volatile, which can make it risky for investors. • Security: There have been a number of high-profile hacks and scams in the cryptocurrency market, which have raised concerns about security. • Environmental concerns: The energy consumption of some cryptocurrencies, such as Bitcoin, has raised concerns about their environmental impact. Conclusion The future of the global cryptocurrency market is bright, with stablecoins playing an increasingly important role. While the impact on the US dollar and the DXY index remains to be seen, it's clear that stablecoins are changing the landscape of global finance. As the market continues to evolve, it will be important to keep an eye on the latest developments and to be aware of the opportunities and challenges that lie ahead.
TVC:DXY
by bryandowningqln
Bullish bounce?US Dollar Index (DXY) is falling towards the pivot which has been identified as a pullback support and could bounce to the 1st resistance. Pivot: 107.57 1st Support: 106.51 1st Resistance: 108.79 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.
TVC:DXYLong
by ICmarkets
EURUSD: 4H Bullish Cross not so bullish historically.EURUSD is neutral on its 1D technical outlook (RSI = 49.247, MACD = -0.001, ADX = 21.205) and just formed a 4H Bullish Cross between the 1D MA100 and 1D MA200. This hasn't had a bullish effect in the past 12 months as the two times we saw it in 2024, it immediatelly market the top of the short term trend and caused pull backs to at least the 0.618 Fibonacci level. Consequently we will use it as an instant sell signal (TP = 1.02625). ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
Short
by InvestingScope
Is the Dollar Index (DXY) Rolling Over?Chart Analysis: The U.S. Dollar Index (DXY) has pulled back from its recent highs after testing the 110.00 resistance level. The index remains within an established upward channel, but the latest price action suggests a short-term loss of momentum. 1️⃣ Uptrend Intact but Testing Support: The index has been trading within a rising channel (highlighted in green). Recent price action shows a rejection near 110.00, with a sharp pullback testing the lower boundary of the channel. 2️⃣ Moving Averages as Key Support: 50-day SMA (blue): Currently at 107.76, acting as dynamic support. 200-day SMA (red): Trending at 104.80, confirming a longer-term bullish structure. 3️⃣ Momentum Indicators Show Weakness: RSI: At 47.53, below the neutral 50 level, indicating fading bullish momentum. MACD: Slightly positive but showing signs of flattening, suggesting a potential slowdown in upside momentum. What to Watch: A break below 107.50 could accelerate selling pressure, leading to a deeper retracement. Holding above the 50-day SMA may support a rebound attempt toward 110.00 resistance. A confirmed breakout above 110.00 would reinforce bullish continuation, while failure to reclaim the highs may lead to further downside testing. The U.S. Dollar Index remains within a bullish structure, but the recent rejection at resistance calls for caution. Traders should monitor price action around key support levels to gauge the next move. -MW
TVC:DXY
by FOREXcom
Gold Price Analysis: Bearish Breakdown with Potential RecoveryThis chart is a 1-hour time frame of Gold CFDs (US$/OZ) Key Observations: 1. Current Price: The market is trading at $2,779.935, showing a -0.63% decline. 2. Resistance & Support Levels: Resistance Zone (Green Box at the top): Around $2,795 - $2,801. Support Zone (Green Box at the bottom): Around $2,728 - $2,740. 3. Trendlines & Patterns: ABC Pattern: A corrective wave structure is visible: (A) - Initial Uptrend (B) - Continuation Higher (C) - Market Reversal Downward Bearish Breakdown: After reaching the peak at (C), the price broke below an upward trendline (blue). 4. Potential Price Movements (Forecasted Scenarios): Bearish Move (Red Arrow & Box): A downward move is expected, targeting the lower support zone (~$2,740). Bullish Recovery (Upward Arrow): If support holds, a possible recovery towards $2,795 - $2,801 could occur. Conclusion & Trading Strategy: Bearish Bias: If price stays below $2,784, a further decline towards $2,740 is likely. Bullish Recovery: A strong rejection from $2,740 could push the price back up to $2,795+. Key Levels to Watch: $2,784 (minor resistance) and $2,740 (major support).
TVC:GOLDShort
by FOREX_QUEEN_10
Market Analysis: Bullish Harmonic Bat Pattern on GBP/USDOverview of the Setup : This chart highlights a **Bullish Harmonic Bat Pattern** on the GBP/USD pair, with the potential for a reversal to the upside after completing the pattern near the critical support zone. --- ** Key Observations: 1. Harmonic Pattern : - The **Bullish Bat Pattern** completes at point X (around 1.22628), which aligns with the 0.886 Fibonacci retracement level of the XA leg. This level represents a strong confluence of support and potential reversal. - The reaction at this zone suggests that buyers may be stepping in. 2. Price Action : - The recent downtrend has reached exhaustion at point X, with the price consolidating and showing signs of a potential reversal. - The price has formed a **lower wick**, indicating rejection of lower levels and possible bullish momentum building. 3. Fibonacci and Take-Profit Targets : - **Take-Profit Levels (TP):** - **T1:** 1.23541 (50% retracement of the XA leg). - **T2:** 1.24187 (0.618 retracement of the XA leg). - The harmonic structure suggests these levels as the most probable targets for a bullish reversal. 4. Indicators : - **Stochastic Oscillator:** In the oversold territory, signaling the likelihood of upward price movement as selling pressure weakens. - **RSI:** Approaching oversold levels, further supporting the bullish reversal hypothesis. 5. Key Levels : - **Support Zone:** Point X near 1.2260 is the critical level for the pattern’s validity. - **Resistance Zones:** MHQP at 1.2500 is a longer-term resistance, while intermediate resistance levels are 1.2350 and 1.2418. --- Outlook and Strategy : - **Bullish Bias:** The completion of the Bullish Bat Pattern and confluence of support suggest an opportunity for long positions targeting the Fibonacci take-profit levels (T1 and T2). - **Entry Zone:** Enter long positions near 1.2260 if price action shows sustained bullish rejection. - **Stop-Loss:** Place stops below 1.2220 to account for false breakouts. - **Targets:** - **T1:** 1.2350 - **T2:** 1.2418 Risk Factors : - A sustained break below 1.2260 would invalidate the pattern and could lead to continued bearish momentum toward 1.2200. --- This analysis highlights a bullish opportunity driven by the completion of the harmonic pattern, with clearly defined entry, exit, and risk parameters.
Long
by BeaucoupPips
BTC/USD Short-Term Rebound: Testing Key Resistance AheadThis BTC/USD chart (2-hour timeframe) shows a descending triangle pattern with a strong resistance trendline. Key Observations: 1. Price Rejection & Support: - BTC recently bounced from a support level around 93,747 and surged back above 97,952. - This suggests a potential short-term recovery. 2. Potential Upside Target: - The chart highlights a **resistance zone around 102,500–104,049, which aligns with the descending trendline. - A move toward this level is likely if the current momentum continues. 3. Breakout or Rejection? - If BTC breaks 104,049 with strong volume, it could challenge 108,411. - Failure to break resistance could lead to another drop toward 93,747 or lower. Strategy Consideration - Short-term traders: Watch for a retest of 102,500–104,049 before deciding on a breakout trade or shorting the rejection. - Long-term perspective: If BTC holds above 93,747, bullish momentum might strengthen.
BITSTAMP:BTCUSDLong
by TRADE_CENTER_1
GBPUSD Channel Down top rejection calls for selling.GBPUSD is trading inside a Channel Down and the price is testing its top again for the 4th time in 1 week. This looks to us like December 17th, a rejection on the 0.5 Fib and MA200 (4h) that initiated a drop to the 1.5 Fib extension. Trading Plan: 1. Sell on the current market price. Targets: 1. 1.2110 (the 1.5 Fibonacci extension). Tips: 1. The RSI (4h) of the rejection series is also identical to December's. Please like, follow and comment!! Notes: Past trading plan:
Short
by TradingBrokersView
Crypto Hedge against Trumpism chaos, destruction and tariffsTrump is going to wreck havoc on the US economy which is why many are hedging against USD with crypto. Inflation, shortages and recession are coming in a few years. For awhile, Biden policy will prop up USD but once Trump policy kicks in and effects the government, expect food shortages from deportations, recession from tariffs and draconian policy and more wars with Putin unchecked. Chaos is coming in about year 2 into Trump presidency. Until then I expect positive Biden policies to continue to strengthen US dollar while smart hedgers long crypto the hedge against the chaos that is coming. When not if.
EIGHTCAP:ETHUSDLong
by ghosttrees
1
Gold (XAU/USD) Near Key Resistance – Watching for Bearish ReversThis chart shows XAU/USD (Gold) on the 1-hour timeframe, highlighting a potential sell opportunity around the weak high zone near $2,810-$2,820. Key Observations: 1. Bearish Confirmation Needed : - The price is approaching a resistance zone within an ascending channel. - A rejection or bearish confirmation (e.g., candle reversal, strong wick, or BOS downward) is needed before entering a short position. 2. Structure & Key Levels: - Break of Structure (BOS) signals previous bullish momentum. - Change of Character (ChOCH)** suggests a possible shift in trend. - The weak high at the upper channel trendline indicates a potential reversal. 3. Potential Downside Targets: - $2,797 – First key level of support. - $2,770-$2,750 – Stronger demand zones. - $2,741-$2,720 – Final deeper support area. Trading Plan: - Wait for bearish confirmation** before entering a sell. - A breakdown of intraday support near **$2,797** would strengthen the bearish case. - If price breaks above $2,820-$2,828, the bearish bias is invalidated.
OANDA:XAUUSDShort
by TRADE_CENTER_1
DXY Analysis & ConsiderationsOverall Trend & Context: Long-Term Uptrend: The DXY exhibits a clear uptrend from late 2023, indicating persistent USD strength. Key Levels: Resistance Zone (109.50 - 110.00): This zone has proven a challenge for the DXY to break decisively. A sustained break above this level is crucial for further upside. Support Zone (107.00 - 108.00): This zone has provided support during pullbacks. EMAs (25, 50, 100, 200 - 4-Hour Chart): The DXY is trading above all EMAs, a bullish sign. The 25 EMA is acting as dynamic support, and a bullish crossover (25 above 50) has occurred. Potential Scenarios & Probabilities: Bullish Breakout (High Probability) : The bullish EMA alignment favor an upside breakout above 110.00. Increased volume would confirm this scenario. Pullback to Support/EMAs (Medium Probability) : A pullback towards the support line or the 25 EMA (around 108.80 - 109.00) is plausible, especially given the overbought RSI. This could offer a good long entry opportunity. Breakdown Below Support (Low - Medium Probability) : A break below the support line and the EMAs would weaken the bullish outlook and could lead to a deeper correction. Trading Considerations: xxxUSD pairs - If the dollar goes up we should look for short positions. USDxxx pairs - If Dollar goes up we can look for long positions. A pullback to the support zones or the 25 EMA could offer a lower-risk long entry, provided these levels hold and there is sufficient demand on the USDxxx pair you're trading. (technicals should always be prioritized) Consider placing stop-loss orders below key support/demand levels to manage risk. Look for increased volume during breakouts or bounces off support to strengthen signals. Watch for bearish divergence on the RSI as a potential bearish warning sign on the DXY. Geopolitical Factors: De-dollarization Efforts: Some countries are exploring alternatives to the US dollar for trade and reserves. While this is a long-term trend, any significant announcements or actions could impact the dollar's value.   Sanctions and Trade Policies: US sanctions and trade policies can influence the dollar's strength, particularly against the currencies of targeted countries. The US imposed tariffs are creating ripples right now. Let's quickly look at what 'tariffs' are - By now you should all know about the US imposed tariffs on several major trading partners including China, Canada and Mexico (and that they've retaliated with their own tariffs on US goods). What does this all mean? In the US any goods that are imported from Canada for example, will now cost more to the general public. To put it simply, the US is now charging a "handlers fee" and that will increase the overall price. These tariffs are intended to encourage these countries to change their trade practices. The tariffs have disrupted global supply chains, increased costs for businesses, and created uncertainty. Make no mistake, this is without a doubt, a trade war. Potential Impacts on the US Dollar: Positive Impact: Safe-haven demand: Increased global economic uncertainty due to the trade war could drive investors towards the US dollar as a safe-haven asset, increasing demand and its value. People will flock to the take no s#it protocols implemented by the Trump administration. Reduced imports: If tariffs lead to a significant decrease in US imports, there could be less demand for foreign currencies to purchase those imports, indirectly increasing demand for USD. This means that trade conducted by the US will increase the overall Dollar output - thus making it seem more valuable. (If we assume the Trump administration is playing petty games, we're badly misinformed, we should assume that these are well calculated risks) Negative Impact: Reduced US exports: Tariffs can make US goods less competitive, leading to a decrease in exports. This can reduce foreign demand for USD, as fewer foreign buyers need dollars to purchase US goods. Economic slowdown: The trade war could negatively impact economic growth in the US and globally. A slowdown in the US economy could make the dollar less attractive to investors. Retaliatory tariffs: If other countries retaliate with their own tariffs on US goods, it can further dampen US exports and reduce demand for the dollar. Trade Wars and Uncertainty: The uncertainty and potential for escalation associated with trade wars can negatively impact investor confidence and lead to a flight to safety. While the USD is often seen as a safe haven, extreme uncertainty could lead investors to seek other safe-haven assets or reduce their overall exposure to USD (Right now Gold is something you should be looking into as a trader and investor). Final Notes: The technical picture is strong and does favour a breakout. But the geopolitical risks reduce the probability. Be prepared for fundamentals to override technicals in the short term. Given the heightened risks, traders should be cautious and wait for clear confirmation signals before taking positions. Closely follow news related to the debt ceiling, economic data, and geopolitical events. Disclaimer: This analysis is for informational purposes only and does not constitute financial advice. Trading involves substantial risk and may not be suitable for all investors. Conduct your own research and consult with a financial advisor before making any investment decisions.
TVC:DXYLong
by Apexfx_Alpha
EURUSD Trade War pushing it to parity. 0.9900 Target possible.The EURUSD pair opened with a significant gap downwards in the aftermath of the first Tariff announcements between the U.S. and their strongest trade partners. This is a natural news reaction fundamentally but even from a technical standpoint, it is backed up. The reason is the massive 11-year Falling Wedge pattern that the pair has been trading in since May 2014. This pattern shows that after last September's Lower High and rejection below both the 1W MA200 (orange trend-line) and 1W MA50 (blue trend-line), we have started the new Bearish Leg. With the 1W RSI making a somewhat Double Bottom on oversold territory (below 30.00), we see a similar pattern with the January 2022 and August 2018 fractals. Those sequences served as bearish continuation patterns following a consolidation phase. The pair has consolidated through January and now this is the technical signal to resume the bearish trend potentially. The 2018 sequence declined to at least its 0.786 Fibonacci level before hitting the Internal Higher Lows trend-line. This gives us a new bearish Target below parity at 0.99000, which is also contained above a potentially similar Higher Lows trend-line. ------------------------------------------------------------------------------- ** 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
Potential bullish rise?US Dollar Index (DXY) has reacted off the pivot and could bounce to the 1st resistance. Pivot: 107.49 1st Support 106.47 1st Resistance: 109.64 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.
TVC:DXYLong
by ICmarkets