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XAGUSD - USD Continues To Get Weaker?Analysis: Upwards trend (bullish confluence factor) Break & retest of previous area of resistance for support (bullish confluence factor) 38.2% fib retracement level touch (bullish confluence factor) Upwards trendline close by (bullish confluence factor) 6K long position decrease for the USD (bullish confluence factor) Stay Safe - The JPI Team Please feel free to leave any comments you have and like this idea if you agree with us. Any feedback or comments will be read and responded to. We any comments at all so thank you! Disclaimer: This does not constitute as financial advise. We are not responsible for any monetary loss that you endure. Trading is hard to be profitable with and we take losses just like everyone else does too. Our ideas won't always be correct which is why we urge you to always do your own analysis first before entering into the market but please feel free to use our analysis to assist you with yours.
OANDA:XAGUSDLong
by jpeacockfx
12
NZDUSD - The USD Will Continue To Fall!Analysis: Upwards trend (bullish confluence factor) Retest of an old support level (bullish confluence factor) 61.8% fib retracement level (bullish confluence factor) Upwards trendline touch (bullish confluence factor) NZD is the 5th strongest major currency whereas the USD is the 3rd strongest major currency (bearish confluence factor) 2K short position increase for the NZD (bearish confluence factor) 8K short position increase for the USD (bullish confluence factor) Comments: Despite the strength of the US, the USD has been pretty bearish for a while now and it looks as if this could continue. We're pulling back into a strong area which we expect to hold as resistance for the DXY, meaning that we could then see a continuation to the downside which in turn would favour our idea on NZDUSD. Whilst we don't have all of the confluences pointing to bullishness, we still have the majority showing bullish signs. With the confluences we have on NZDUSD along with the technicals we have on the DXY we expect to see the USD continue its bearish move to the downside, pushing price higher on NZDUSD. This is what gives us our bullish bias. Stay Safe - The JPI Team Please feel free to leave any comments you have and like this idea if you agree with us. Any feedback or comments will be read and responded to. We any comments at all so thank you! Disclaimer: This does not constitute as financial advise. We are not responsible for any monetary loss that you endure. Trading is hard to be profitable with and we take losses just like everyone else does too. Our ideas won't always be correct which is why we urge you to always do your own analysis first before entering into the market but please feel free to use our analysis to assist you with yours.
Long
by jpeacockfx
16
AUDUSD - Are The Bulls Getting Ready To Push Price Higher?Analysis: When we look at price action we've recently seen a strong rejection off of an area and price is making a move back down however we see this as a buying opportunity. If we look at price action before this rejection we can see that price did indeed form a higher high and a higher low showing us that we're in an upwards trend. This higher low hasn't yet been broken so we're still in that upwards trend. At the start of June there was some real strong momentum on the AUDUSD for the bulls and it looks as if they are currently taking a break before we see a continuation higher. This position will also hedge our other USD long positions so if we are incorrect about the USD strength we expect then we will still be able to profit. As a professional trader you need to remember that your job isn't to make a million percent in a year. It's to make a consistent profit whilst managing your risk. If you can't manage risk then you won't make it as a trader and that's the harsh truth. Hedging allows you to diversify your risk which is why we like to do it here at JPI. Were price is currently is an interesting area to us because if we look left on the chart we can see price has held this zone multiple times as support previously and we expect that this will happen again as very often we see this. For more confluence we saw slowing down momentum for the bears at the start of the week as the candles were very small and were indicating a possible reversal. This was also where the 50% fib retracement level was so there was even more confluence that price was going to reverse there, however we were more interested in level slightly below. Early this morning we had some worse then expected news for the AUD so we saw price push down and tag the 61.8% fib retracement level which is often classed as the strongest fib level and we expect that this is were buyers will be sat at wanting to push price higher. With the slowing bearish momentum that we saw this week around the 50% fib retracement level and with the 61.8% fib retracement level being tagged this "golden zone" which is just the area between the 50% fib retracement level and the 61.8% fib retracement level looks like a great place to enter long from especially from our area which is also in this "golden zone". For more confluence we also have an upwards trendline. This trendline is better seen on the weekly timeframe. When this level has been touched before we've seen bulls step in and push the market higher so we'd expect this to happen again. This trendline is below our entry but above our stop loss so if we we're to go into drawdown then there would be a strong level where we'd expect buyers to step in so this gives us more confidence in our setup. Why don't we enter at this trendline then? Well where price is at currently looks like a stronger area for possible reversals and we don't want to miss this trade as it's a good setup. The upwards trendline is just another confluence to add to our bullish thesis. Fundamentally as of the most recent report on institutional positioning the USD is the strongest major currency whereas the AUD is the 6th strongest major currency so this doesn't go in our favour. However if we dig a little deeper you can see why we currently prefer the AUD over the USD. As of the most recent report on institutional positioning we saw a decrease in both short and long positions on the USD so this is pretty neutral but on the AUD in regards to the most recent report for institutional positioning we actually saw an increase in long positions and a decrease in short positions which is very bullish. This could be early signs that we could see some bullishness for the AUD in coming weeks. Although the AUD news this morning wasn't positive we still have loads of confluence factors pointing to bullishness on the AUD which is why we have an overall bullish view on AUDUSD. Please feel free to leave any comments you have and like this idea if you agree with us. Any feedback or comments will be read and responded to. We any comments at all so thank you! Stay Safe - The JPI Team Disclaimer: This does not constitute as financial advise. We are not responsible for any monetary loss that you endure. Trading is hard to be profitable with and we take losses just like everyone else does too. Our ideas won't always be correct which is why we urge you to always do your own analysis first before entering into the market but please feel free to use our analysis to assist you with yours.
Long
by jpeacockfx
16
EURUSD BULLISH OUTLOOKThe EURUSD currency pair was trading in downtrend channels on the daily graph from middle of June, but yesterday it broke the resistance barrier of the channel, which is a signal for a bullish turn of the currency pair. Technical indicators like MACD and RSI are confirming the bullish trend as well. If this trend continues we might see the price of the instrument moving above par levels and heading towards 1.02 levels. In the opposite scenario the price might revert and try to test support levels of 0.985 Risk Disclosure: Trading Foreign Exchange (Forex) and Contracts of Difference (CFD's) carries a high level of risk. By registering and signing up, any client affirms their understanding of their own personal accountability for all transactions performed within their account and recognizes the risks associated with trading on such markets and on such sites. Furthermore, one understands that the company carries zero influence over transactions, markets, and trading signals, therefore, cannot be held liable nor guarantee any profits or losses.
Long
by legacyFXofficial
[DXY W1 Sept 2021]DXY // USDINDEX // USD // DOLLAR Sell Setup Continuation trade: 📰 We have seen a fakeout above 93.400, which has trapped MANY traders last week. I have emphasised many times that fundamentally this won't be long when the dollar resumes its bearishness due to the FED and tapering news. And clearly was brought to light on Friday. 👉🏻 As mentioned that 93.000 was a retest area before a selloff. Possible continuation to at least 91.500. Daily Markups
TVC:DXYShort
by SuperMonkey0
DXY - SELL Update Trade update for a short sell recommendation on the DXY (U.S Dollar Index) The Dollar is structurally weaker across the markets based on the following fundamentals. 1.) Lower interest rates in the U.S no longer makes the U.S Dollar an attractive high yielding currency. 2.) Negative $1trillion current account balance. 3.) $2 Trillion Fiscal stimulus package in 2021 will put further downside weakness on the U.S dollar. We have a downside target of $88.00
TVC:DXYShort
by KayansMarkets
1
Sell USD & BUY High Interest Rate Currencies (RUB, BRL, MXN, ZARWe take a look at why the U.S Dollar is structurally on a bear trend against the High Yielding Emerging Market currencies. Two factors are going against the U.S Dollar. 1.) Low-interest rate differentials 2.) Negative Current Account Balance + Increased Fiscal spending increasing this problem for USD. These four setups are popular trades across investment bank trade recommendations, due to the carry trade attractiveness using the U.S Dollar and a funding currency to purchase and profit from these high yielding currencies. Video cut out due to Tradingview's limit but you will fully understand the fundamentals driving these trades and then using technicals to time our entries.
Short
by KayansMarkets
1