Get started

Usdpairs

USDCHF 1H Chart: Rebound might halt as Downtrend Trendline near.Current Situation: The USDCHF is exhibiting a downtrend on the hourly chart. Recently, the pair has rebounded and is now approaching a critical area where the downtrend trendline intersects with the resistance level at 0.88800. This confluence of resistance factors could present a strong selling force, potentially halting the current rebound. Technical Analysis: 1. Downtrend Trendline 2. Resistance Level 0.88800 Fundamental Analysis: 1. Upcoming US FOMC Meeting: The US Federal Open Market Committee (FOMC) meeting is imminent. While a rate cut is not widely expected, the tone of the speech—whether dovish or hawkish—could significantly impact the USDCHF pair. 2. Market Concerns: - Dovish Tone: If the FOMC's communication suggests a dovish stance, indicating potential rate cuts in the future, the USD could weaken & cause USDCHF to drop. - Hawkish Tone: Conversely, if the FOMC adopts a hawkish tone, indicating a preference for maintaining rates, the USD could strengthen. Conclusion: Traders should closely monitor the USDCHF as it approaches the critical resistance zone around 0.88800. The combination of the downtrend trendline and the horizontal resistance level presents a significant hurdle for the pair. Additionally, the upcoming FOMC meeting adds an element of uncertainty, with the potential for market-moving announcements. The prudent approach would be to look for signs of rejection at the resistance zone for potential short positions, while also being prepared for a breakout scenario should the FOMC deliver unexpected news.
Short
by ThinkMarkets
USD Dollar is Performing a Retracement back to $104.5! 💵The recent movements in the USD Dollar have caught the attention of investors and forex traders alike. As the USD Dollar retraces back to $104.5, there are several advantages for both stock investment and forex trading that can be capitalized upon. Let's explore them in point form with emojis: Advantages of Stock Investment: 1. 💼 Diversification: Investing in stocks denominated in USD allows you to diversify your investment portfolio. By allocating a portion of your investment in stocks, you can potentially reduce risk and increase the potential for higher returns. 2. 💸 Dividend Income: Many stocks, especially those listed on reputable exchanges, offer dividends. Dividend income can provide a steady stream of passive income, which can be reinvested or used to cover expenses. 3. 📈 Capital Appreciation: A retracement in the USD Dollar can positively impact the performance of US-based companies. As the value of the USD Dollar declines, it can boost the competitiveness of American exports, leading to higher revenues and potentially driving up stock prices. 4. 🌍 Global Exposure: Investing in stocks allows you to gain exposure to international markets. If the USD Dollar retracement is accompanied by a strengthening of other currencies, it can create favorable conditions for multinational companies, potentially leading to increased profits. Advantages of Forex Trading: 1. 💰 Profit from Exchange Rate Fluctuations: Forex trading provides an opportunity to profit from fluctuations in exchange rates. As the USD Dollar retraces, traders can take advantage of this movement by selling USD against other currencies, potentially earning profits from the price difference. 2. ⏱ Liquidity and Flexibility: The forex market is the most liquid financial market globally, meaning that traders can enter and exit positions quickly. This liquidity allows for greater flexibility in trading strategies, enabling traders to respond promptly to market developments. 3. 🌎 Global Market Access: Forex trading offers access to a vast array of currency pairs, allowing traders to participate in global economic trends. The retracement in the USD Dollar presents opportunities not only in major currency pairs but also in cross-currency pairs, opening up a wide range of trading possibilities. 4. ⚡️ Leveraged Trading: Forex trading allows for leveraged positions, meaning traders can control larger positions with a smaller amount of capital. This leverage amplifies potential profits, but it's important to note that it also increases the risk. Traders should exercise caution and use risk management strategies when utilizing leverage. In conclusion, the retracement of the USD Dollar back to $104.5 presents advantages for both stock investment and forex trading. Stock investment offers diversification, dividend income, capital appreciation, and global exposure, while forex trading provides opportunities to profit from exchange rate fluctuations, liquidity, global market access, and leveraged trading. As with any investment or trading activity, it's crucial to conduct thorough research, implement risk management strategies, and stay updated with market trends to make informed decisions. Disclaimer: This information is for educational purposes only and should not be considered as financial advice. It is important to consult with a qualified financial professional before making any investment or trading decisions. The financial markets, including stocks and forex, are complex and volatile. Predicting the performance of the USD Dollar, or any other investment, is challenging. While the advantages of stock investment and forex trading during a USD Dollar retracement were mentioned earlier, it is crucial to understand the associated risks. Market conditions can change rapidly, and past performance does not guarantee future results. Leverage in forex trading can amplify profits but also magnify losses. Traders should exercise caution and understand risk management techniques. In conclusion, the information provided is a general overview. Investing and trading carry risks, and no strategy ensures success. Seek guidance from a qualified financial advisor before making any investment or trading decisions.
TVC:DXYShort
by ICT_Trader_SB
USD MASSIVE RALLY UPCOMINGThe FX:USDOLLAR has entered a strong daily demand zone and as you can see as marked on my chart, I have marked a buy-side liquidity pool which the market is meant to sweep. Also, there is a weekly fair value gap (FVG) or liquidity void which just sits above the daily buy-side liquidity pool. This should attract price to reach for these key opportunities. This is why I am expecting the dollar(USD) to print strong bullish candles. What do you guys think, is it going to dip just below the daily demand zone or it will respect the zone and rally? I would be dropping USD pairs that I am monitoring... SO STAY TUNED!!! You can also check out my other trade ideas below. NZDCAD AUDJPY CADJPY Cheers, David
FX:USDOLLARLong
by jabariofafrica
2
AUDUSD - Buy This long position may not look very convincing, but there is a lot more context to this trade. Price was at a high of 0.76500 in April, and has been dropping ever since. Now, price is at 0.68730, which is our entry price in this trade. The pair has been trying to increase, but encountered a small downtrend in the lower timeframes. However, the higher highs and higher lows on the 1D chart are still intact. Today, US news was very positive. However, the pair did not allow price to go lower and had a massive rejection to keep price above the support level. That rejection is the main reason behind our entry point. Especially because it is at a major support level. In addition to that, Gov Lowe of Australia has a speech today. It is expected that he will be hawkish to help the AUD gain strength. Those are the reasons behind this trade.
Long
by emanabp
1
DXYHey Traders, in the coming week we are monitoring DXY for a buying opportunity around 96 zone respecting the daily supply and demand zone in combination with the bullish trend. Once we will receive any bullish confirmation the trade will be executed. i highly recommend doing US DOLLAR INDEX analysis at the entrance of every trading week if not everyday to trade USD pairs in more professional way. a bullish DXY can result a xxxUSD drop and a bearish DXY can result a xxxUSD Pump Trade Safe, Joe.
TVC:DXYLong
by JoeChampion
2
Major Pairs Key Levels (Nov.8 - Nov.12)Hi everyone, Hope you have enjoyed the weekend. Every week, I mark weekly levels for each currency pair to see how price reacts to them. As you see in the charts, I have marked the last Week's and Last Month’s Highs and Lows for the 6 major pairs (actually they are 7 but there was no room for NZADUSD, but you can do that one by yourself as a practice) Why are these levels important to us? Because they are kind of support and resistance levels and when price approaches to them, any breakout or rejection on these levels is very important: (Lows act like support and Highs act like resistance). So, take a note for yourself and apply them on your chart to have an efficient setup for key levels. Mn : Monthly (Red Lines) , W: Weekly (Yellow Lines)
by Mahtab_Tradia
22
Major Pairs Key Levels (Oct11th - Oct15th)Hi everyone, Hope you have enjoyed the weekend. Every week, I mark weekly levels for each currency pair to see how price reacts to them. As you see in the charts, I have marked the last Week's and Last Month’s Highs and Lows for the 6 major pairs (actually they are 7 but there was no room for NZADUSD, but you can do that one by yourself as a practice) Why are these levels important to us? Because they are kind of support and resistance levels and when price approaches to them, any breakout or rejection on these levels is very important: (Lows act like support and Highs act like resistance). So, take a note for yourself and apply them on your chart to have an efficient setup for key levels. Mn : Monthly (Red Lines) , W: Weekly (Yellow Lines)
by Mahtab_Tradia
6