Guys, one of the companies that does well from a weakening USD is Qualcomm (ticker - QCOM). Qualcomm is a company that will do well with a weakening USD because a lot of its operations are offshore USA. From statista.com: "Qualcomm revenue worldwide 2018-2023, by region Published by Thomas Alsop , Jan 5, 2024 Qualcomm's revenue was a total of...
AUDUSD has exploded to the upside because of weak US data. The daily+4H structure is clearly bullish. The resistances has been broken. In bullish trend we buy. But we buy in favorable and discount price which can be a retest of former reistance as support with confluence to some Fib retracement level.
Hey traders, in this week we are monitoring DXY for a selling opportunity around 104 zone, once we will receive any bearish confirmation the trade will be executed.u we highly recommend to take a look at DXY at the beginning of every trading week if not everyday, that will help you to trade USD pairs more professionally and spot their direction! Trade safe, Joe.
TSX:U.U is showing an ascending triangle on the hourly that spans the past eight trading days. This is a simple trade with the stop loss below the swing low and the target at the height of the triangle. Gives us a 6.83% potential profit to 3.1% potential loss, a reward-risk ratio of 2.22. Of course that depends on whether the triangle breaks upwards in the first...
tight correction means high quality movements ! another correction that won't overlap with 0.7318 is a good signal for more long
Hi all, just a very quick update: for GBP USD - this is what we are seeing over the 4 hour chart within the next week and weekly close. Price has held nicely at 0.618 retracement from the high, now we expect the "0" zone to be removed and extension targets to be met. See our other ideas below; Many thanks and enjoy this one. Team Lupa
In this video update to a previous video I posted on selling USD/RUB, we look the Dollar getting weaken against the Ruble and a perfect time to enter a short sell-set up. The Ruble has a number of factors supporting it's strength agaisnt the Dollar. 1.) Higher interest rates mean selling the currency pair gives you a positive overnight carry trade...
We continue to see the U.S Dollar weaken against the Mexican peso. The interest rate differential makes the Mexican peso an attractive buy and we look at this in more detail. We use one-month ATR to set our stop loss and take profit targets.
I am spotting an inverse H&S on the 1hr. currently testing/ forming a flag breaking out of that neckline. price POSSIBLY forming a reversal H&S at the purple line for a retracement to 1.15xx. R/R I see is a 1/5 on this one I am have my TP at 1.1930.
hardly predict for gold sometimes. At this moment, i still seeing is downtrend. But negative news for trade war. If day TF break 1480 level, i think it will continue up to next level. temporary i will shorting it first, SL 1482-1485. TP 1475 TP 1463 TP 1453
Need to wait and see how this 1h and 4h candle close but so far looks like, dollar is making a nice rising wedge and if it breaks below, USD downfall will continue My telegarm group: t.me
Techincal analysis is always my first port of call and as you can see I have highlighted a Invese Head and Shoulder pattern which looks to be forming which essentially is a trend reversal pattern. Fib has also help me uncover support regions in which to trade from for entry and taking profit, this along side support and resistance from top level analysis will also...
H4: pass 200 Ma Daily: Upward most of chart tell me that will push upward thru this level and gonna reject from next resistance
The USD has had its fair share of weakness this year., the exact opposite of the US Stock Market. Statistically, Republicans have a weak US and Trump, being a Republican, is of the same belief. Since he was elected I waited for every good opportunity to sell the USD and today is that time again. The above screen-shot of AUDUSD is but one example of the...