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Dollarweakness

USDJPY set up to fall to VWAP support SHORTUSDJPY has been in a narrow range consolidation since a one week trend up from March 14-20. The dual time RSI indicator shows the faster green RSI line under the stable slower RSI line showing some bearish divergence. The predictive also's blue line forecasts a slow downturn. I am taking a short forex trade on USDJPY expecting price to fall into the support of the mean VWAP at 150.638. This is about a 0.67% move to be leveraged for a modest profit considering the risk taken. The stop loss is 151.9 just above the higher first upper VWAP line.
Short
by AwesomeAvani
2
Gold Has Broken and Is Staying Above US$2,000Why has gold broken above the $2,000 level? And why is it likely to stay this way for a long time? This is because the USD has been weakening since October, and we can observe an inverse relationship between them during this period, as well as in previous periods. Micro Gold Futures & Its Minimum Fluctuation 0.10 per troy ounce = $1.00 Code: MGC Disclaimer: • What presented here is not a recommendation, please consult your licensed broker. • Our mission is to create lateral thinking skills for every investor and trader, knowing when to take a calculated risk with market uncertainty and a bolder risk when opportunity arises. CME Real-time Market Data help identify trading set-ups in real-time and express my market views. If you have futures in your trading portfolio, you can check out on CME Group data plans available that suit your trading needs www.tradingview.com
ICEUS:DX1!
by konhow
2
Until DXY beats this price, this is just a bear flag!Traders, The dollar continues its journey down. So, is my H&S pattern still intact? Well, on the weekly it is. Does that count? I think so. It's not like the dollar has turned the corner here and growing stronger. We are still very much in a downtrend. Even that right shoulder is still valid. And, like I said, on a weekly chart that neckline still holds. Once broken, the dollar is in trouble. What would invalidate my H&S pattern? Well, if the dollar beats that 50 day moving average and then proceeds to move up and above that 103.53 level with confirmation, I might be wrong and would have to re-evaluate at that point. Until this time, the DXY has formed a classic bear flag and I expect weakness to continue. The weaker the dollar, the more dollars it takes to buy a thing. The more dollars it takes to buy a thing, the higher the prices will go to reflect what is needed. This includes stocks. Stay tuned as we keep our eyes on this unfolding event. Stew
TVC:DXYShort
by stewdamus
Difference - China Yuan and Offshore Yuan The Chinese yuan, also known as RMB, is the official currency of China. It is used both onshore in mainland China and offshore in international markets. The offshore yuan, also known as the CNH (Chinese yuan - Hong Kong), is the version of the yuan that is traded outside of mainland China. It is traded in offshore financial centers, such as Hong Kong, Singapore, and London. The offshore yuan is not subject to the same restrictions and regulations as the onshore yuan. The main difference between the onshore and offshore yuan is that the onshore yuan is subject to capital controls imposed by the Chinese government, while the offshore yuan is not subject to these same restrictions. This means that the offshore yuan is more freely tradable and can be used for a wider range of international transactions, such as international trade and investment, while the onshore yuan is more restricted in its use. Offshore Yuan - Standard-Size USD/Offshore RMB (CNH) Outright: 0.0001 per USD increment = 10 CNH MICRO USD/CNH FUTURES 0.0001 offshore Chinese renminbi per USD CNH Option Google search: USD/CNH Monthly Options Contract Specs - CME Group Google search Frequently Asked Questions: USD/CNH options - CME Group Disclaimer: • What presented here is not a recommendation, please consult your licensed broker. • Our mission is to create lateral thinking skills for every investor and trader, knowing when to take a calculated risk with market uncertainty and a bolder risk when opportunity arises. CME Real-time Market Data help identify trading set-ups in real-time and express my market views. If you have futures in your trading portfolio, you can check out on CME Group data plans available that suit your trading needs www.tradingview.com
Short
by konhow
Might Dollar Rallied And Reached Supply ZoneWhen the mighty dollar weakens, what is to follow for the markets? hmm, hmm, hmm. Daily Chart clearly shows a rally into the supply zone . I'd say 1-2 more daily candlesticks before a retracement happens but first it may attempt to reach another high before getting rejected below the supply zone . I wont doubt that supply zone will break the next attempt at it but that wont be for awhile. let's worry about right now before the dollar strengthens again. We use this analysis and it allows us to have a foresight into the trend of other market instruments. ALWAYS DUE DILIGENCE!
TVC:DXYShort
by imonmyrise
XAUUD / DXY RATIO UPTRENDOANDA:XAUUSD The chart shows a reversal in SPOT GOLD since July 13th and the latest round of CPI/PPI data showing the continued onslaught of inflation. Gold is rising while the dollar strength is dropping as per the DXY index. This all makes sense at least to your average person who is not an economist. That said, XAUUSD has a bullish bias as a hedge against inflation and flight to financial safety. I put up another idea with the ratio of the SPX to Spot Gold suggesting now is the time to sell stocks and buy gold instead potentially consistent with a stock market bear rally instead of a new bull run. Time will tell..........................
OANDA:XAUUSDLong
by AwesomeAvani
Dollar Weakening Through The Ninja| Greeting 110.00 AgainIs it good time to sell the ninja now. USDJPY is welcoming 110.00. After has gone so far towards the upper world, now the ninja felt unmotivated to get more higher. The sign was there. This will be the last time for the ninja greeting the 110.00 back before the price going to the upper side. The uptrend is now and this will be the turning point for USDJPY. Tips for the day: Now around 1:53pm GMT+8 Malaysia Time, is the perfect to sell the ninja 1. Hold Short until touch 110.00 2. Continue to Long above 110.00 Friday 21st February 2020 The question: Will the FOMC Member Kaplan Speaks today going to hawkish? I dont think so. Highlighted major impact for the PMI tonight is good but not lasted long. By Zezu Zaza
Short
by Zezu_Zaza
COMPLETED 5-3 CYCLE SET UP EURUSD FOR MAJOR RALLY$EURUSD is setting up for a massive rally in wave 3. Wave 3 should exceed the high of wave 1 and might advance 1x or 1.618x wave 1. Price is sitting at a critical confluence level comprising of 61.8% Fibonacci retracement of the advance, and wave (c) equal 0.618 x Wave (a). I took a loss on last week because I was initially labeled the correction as a regular flat pattern. I had to re-evaluate before the market close on Friday, and I already open a new buy position. All these are in line with bullish activity on Gold, and BTCUSD. While the US economy will suffer. Expecting Dollar weakness!
Long
by Veejahbee
3
USDCAD: NFP price action determines key levelsEveryone involved in FX trading has their eyes peeled on price charts and fundamental data that comes out every first Friday of each month, when Non-Farm Payrolls data is made public for the month before. This creates volatility during the day, and also a very significant price level where the market reacts, either being attracted to or rejected from the level. I've plotted these key levels on chart, with a vertical line showing the date of the NFP report. You can clearly see that when the market deviates far enough from the last key level, it will be drawn back to it over time...and that when retesting a level after moving away from it for a while, it will react when hitting it most of the time, helping us map how far and in which direction prices can move. Right now the last short term signal in $USDCAD failed, hitting my stop loss at break even after buying the breakout at 1.31634, and briefly seeing some profit following the NFP data. The dollar is acting weak accross the board which is an anomaly, and oil regaining strength. We should focus on currencies to determine if we need to hedge our dollar exposure in the equities portfolio, since although earnings in foreign currencies would increase if the dollar devaluates it could hurt stocks' performance even during a rally. Cheers, Ivan Labrie.
Short
by IvanLabrie
1