We finally saw the USD rebound I was beating the drum about back in September. But now it's hit a decent resistance zone, I weigh up its potential to hold its ground or producer a deeper pullback. Markets covered include the USD index, EUR/USD and gold.
MS.
This is Part 2 of the Weekly Forex Forecast for SEPT 23-27th.
In this video, we will cover:
USD Index, EURUSD, GBPUSD, AUDUSD, NZDUSD, USDCAD, USDCHF, USDJPY
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May profits be upon you.
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The USD saw a sharp reversal higher despite a 50bp cut, simply because the markets were positioned for a more dovish dot plot. I have argued in prior analysis the USD exposure is a bit stretched over the near-term, so perhaps shorting the USD is getting a bit stale. We also have several key markets at inflection points after a risk event. Matt Simpson takes a...
This is Part 2 of the Weekly Forex Forecast for SEPT 16-20th.
In this video, we will cover:
USD Index, EURUSD, GBPUSD, AUDUSD, NZDUSD, USDCAD, USDCHF, USDJPY
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May profits be upon you.
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Thank you so...
This is Part 1 of the Weekly Forex Forecast for SEPT 9-13th.
In this video, we will cover:
USD Index, EURUSD, GBPUSD, AUDUSD, NZDUSD, USDCAD, USDCHF, USDJPY
Enjoy!
May profits be upon you.
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Thank you so...
In my previous DXY analysis I said that, although the index reversed from the beginning of the year support, bulls should not get too excited as long as the index is under 102.30 zone.
In the next days, the index resumed its fall and now is trading back towards recent lows.
Today's NFP data could bring clarification and if the index falls below the recent lows,...
This is Part 1 of the Weekly Forex Forecast for SEPT 2-6th.
In this video, we will cover:
USD Index, EURUSD, GBPUSD, AUDUSD, NZDUSD, USDCAD, USDCHF, USDJPY
Enjoy!
May profits be upon you.
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Thank you so...
We stand back to admire the long-term chart of the US dollar index, and yes there could be further downside over the coming weeks. But a quick check on the daily timeframe makes us wary of jumping into an already well-established short, given potential support levels nearby and the fact everyone and their dogs seem to be bearish the dollar.
This is Part 2 of the Weekly Forex Forecast for AUG 26-30th.
In this video, we will cover:
USD Index, EURUSD, GBPUSD, AUDUSD, NZDUSD, USDCAD, USDCHF, USDJPY
Enjoy!
May profits be upon you.
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Thank you so...
Traders continue to sell the US dollar in anticipation of a dovish speech from Jerome Powell on Friday. To the point where we wonder if this could be a case off "sell the rumour, buy the fact". Matt Simpson takes a quick look at the USD dollar index and bond yields.
US CPI data may not have been as soft as some would have liked, but it retains the view that the Fed will cut rates and achieve a soft landing.
The US dollar index reversed earlier CPI-induced losses to close the day flat on Wednesday and form a small bullish pinbar. Its low almost perfectly respected trend support from the July 2023 low, and shows that demand...
This is Part 2 of the Weekly Forex Forecast for July 22-26th.
In this video, we will cover:
USD Index, EURUSD, GBPUSD, AUDUSD, NZDUSD, USDCAD, USDCHF, USDJPY
Enjoy!
May profits be upon you.
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Thank you so...
Last week, the DXY broke below important horizontal support.
However, the next day, the index reversed its losses, followed by a bullish candle on Friday.
This created a strong reversal candle on our weekly chart, making us wonder if the initial break was false.
Now, the index is consolidating above this important horizontal support.
A break above the current...
This is Part 1 of the Weekly Forex Forecast JuLY 15 - 19th
In this video, we will cover:
USD Index, S&P500 NASDAQ GOLD SILVER US OIL
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May profits be upon you.
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Thank you so much!
Disclaimer:
I...
Hi there,
As you are watching we expect to support DXY price to go up and after that we will take sell position until 104 and below with triger in H1 timeframe.
So:
Sell it at105.3
TP 104.5 - 104
SL 106.1
Be careful this position has low risk but we should risk free it immediately.
Be success guys:-)
This is Part 1 of the Weekly Forex Forecast.
In this video, we will cover:
USD Index, S&P500 NASDAQ DOW JONES DAX GOLD SILVER US & UK OIL
Enjoy!
May profits be upon you.
Leave any questions or comments in the comment section.
I appreciate any feedback from my viewers!
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Thank you so...
#dollar index #dxy chart has made a bearish divergence and a minor dump occured after divergence. And chart has additional bearish patterns thus , a correction will likely be necessary. Not financial advice.
Hi there,
In EURUSD we are in a range movement and probably the decreation movement has been finished. but we have two pending position this week:
Buy it at 1.072 level
TP 1.085
SL is lowest price of previous week
Sell it at 1.085-1.086
TP 1.072
SL 1.089
These positions are just for this week.
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