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Usdsell

George Floyd and USD dollar CRASH ?We're witnessing a painfull moment in America, because of the tragedic incident of George Floyd. What could happen to the USD dollar ? Could it stand firm or lose it. When I was drawing all the trendlines , fibonacci, seeing an insdie bar, left right shoulder inverse, indescison candlestick, bullish shaved bar to reach my target around 135.000, but all those protest in the United States make it worse. What do you think what it will happen sunday night ? I am sure we will see a huge gap to the USD dollar and from there it could lose it volume buying because of the unstability in America. like and react what you think guys ? Have a nice day and enjoy it
by price_action_bars
Usd/Cad shortThis morning i sold USDCAD as it had recently bounced off my key resistance level @ 1.3333. I've got two seperate positions open on this trade with two different take profits, one being a quick 30 pips just around my previous support but if it breaks through, and the other being 250 pips which may take 2-3 days or even into the next week. Once we've broken through the support at 1.32658 i'll keep a trailing Stop loss on my second position, so it'll hopefully be a risk free trade. Please let me know what you think and if you have any questions feel free to comment or dm me on instagram @zenvestments..
Short
by Zenvestments
1
A few words about the abnormality of the current dollar valueThe current dollar value (the highest value since the spring, 2017) cannot be called abnormal otherwise. We will try to explain why this is so and show why the scale of illogicality has reached a critical point, and the dollar is simply doomed to decline. To begin with, the Fed has already lowered interest rates twice in 2019. For the national currency, this is usually more than enough to begin to form a downtrend. That the dollar has not begun to decline is an anomaly. But it cannot go on like this for a long time, especially since, according to traders, already at the next meeting in late October with a probability of over 75%, the interest rate will be lowered again. As for the Fed, one cannot but note the chaos taking place in the US repo market. A sharp increase in rates in this market has led the Fed to flood the market with money. They started with $ 75 billion per day but very quickly switched to injections of $ 100 per day. The money market is flooded with money (in fact, we are talking about an increase in supply on the market), but dollar prices are rising. Another inconsistency. We cannot but note the general deterioration of the US economy. This is the GDP growth rate (in the second quarter 2% but the first quarter 3.1%, that is, the growth rate decreased by a third), this is the state of the labour market (the number of new jobs created in the USA has been steadily declining recently ), this is the latest data on the ISM index in the US industrial sector. The index fell to the lowest level since June 2009 - 47.8 points. Recall that an index exit below 50 means decrease inactivity. Under normal conditions, this would provoke a decrease in the national currency. But the dollar has been growing recently. But the economy is far from the only component that affects the dollar value. Impeachment proceedings against President Donald Trump began last week in the United States. The scandal flared up. That is, we have a serious domestic political crisis. This has not happened for several decades. How must the US dollar react against this background? Strengthens. Illogical. As you can see, everything that is happening is illogical and anomalous. One of the features of the anomalies is their relative fragility. That is, they are short-lived. Therefore, the current price of the dollar is, in our opinion, one of the last opportunities to sell it more expensive. If on Friday the NFP data is weak enough for the markets to confirm their concerns, the dollar will begin to form a full-fledged correctional movement, which will have a great chance of developing into a full-fledged downtrend. So sell the dollar before it is too late. The window of opportunity closes.
INDEX:DXYShort
by Trade24Fx
USDNOK - BEARISH CONTINUATION PATTERNHi traders, The USDNOK reversed from a resistance zone and breakout below the ascending trend line and support level. . Price seems to be building a bullish retracement which is probably part of a wave 4 of a larger wave A. . Price has the potential to make a bearish bounce at our confluence level as planned on the chart which could indicate the continuation of the downtrend to the support zone. . We will wait for the completion of the corrective structure and look for a breakout of the blue counter trend line to take advantage of the pending bearish move. . Thanks for reading!
Short
by Veejahbee