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USDCHF: Stubborn Franc Likely To Depreciate Vs The GreenbackNot a single major currency has been spared by the wrath of USD caused by the FED tightening. The franc being a safehaven currency has depreciated gradually against a super strong greenback. Looking at the all time monthly chart for USDCHF, it can be observed clearly that the swiss franc seems to be higher in value against the USD as the price remains at all time channel low. However with the FED being hawkish, the 1.0000 supply level/resistance was broken 2 weeks ago on weekly charts and now the price seems to aim for the upcoming supply zone located at 1.02000 area. Here both fundamental and technical picture point towards LONGING this pair. However before doing so, we require this pair to retrace slightly so as we can attain 1:1 RR. Have a look at the main chart for full details. Note: Trade is invalidated shall the take profit HIT first. Trade Cautiously & Safely. Cheers
Long
by FX618Analysis
USDJPY: Japan intervention is not enough to change major trend.Hey traders, as the monetary policy in the US remains aggressive we still see a possibility of continuation to the upsides on USDJPY unless fed becomes Dovish but it's still not going to happen as inflation in the US is still an issue and the main focus for the US is to control inflation, so what we can expect? more rate hikes, more USD bulls and potentially a continuation of USDJPY uptrend. hence in the coming week we will be monitoring USDJPY for a long term buying opportunity around 146 zone, remember to avoid using tight Stop losses in this type of environments since USDJPY movements will be more volatile and violent and respecting a proper risk management is always recommended so you avoid blowing your accounts, sticking to 1% risk with proper reward ratio will not allow allow the market to you knock you off. if you have any question don't hesitate to ask in the comment section.
Long
by JoeChampion
40
$BTC NEW Week Analysis : 10.17.22 Well, according to the previous analysis, the price finally started to fall from the range of $19,900 and showed a positive reaction when it reached $19,100. The reason for this reaction was the existence of Institutional Support in the range of $19,100 to $18,600! Now again, there's 2 important supply zones ahead the price ! $19,800 to $20,000 and $20,170 to $20,470 respectively! Follow me for more analysis & Feel free to ask any questions you have, I'm here to help. ⚠️ This Analysis will be updated ... 👤 Arman Shaban : @ArmanShabanTrading 📅 10.17.2022 ⚠️(DYOR) ❤️ If you apperciate my work , Please like and comment , It Keeps me motivated to do better ❤️
COINBASE:BTCUSD
by ArmanShabanTrading
17
ETH back in the news with Double Top 📈📉After a failed lower time frame Head and Shoulders, ETH is forming a possible Adam & Even Double Top. Although, the V shape (Adam part) is a bit lower than standard. Typically found at market bottoms this pattern can also be found at market tops. It's made up of a rounded left peak, V shape right peak and neckline (support line). Look for a breakdown of the neckline with a possible retest/rejection. When trading patterns, always wait for confirmation of the break out for less risk. Its possible ETH bounces up more before breaking down if this pattern plays out. It feels like Alt & Bitcoin are teetering on the edge of "Bottoms in" or "50% downside inbound!" FOMC Meeting Sept 20-21 could be the catalyst. If your time horizon is not at least 3 years this is a very dangerous area to be in HODL mode IMO. If you are looking for other swing trade set ups, check out my DOT and ALICE set ups linked in recent ideas. 👇🏻👇🏻👇🏻
FTX:ETHUSD
by jlouvierobv
5
DXY: FED Gives $ Wings! 120.000 The Ideal TargetWith DXY having broken a crucial supply zone/resistance @ 110.000, the road to 120.000 seems obstacle free speaking technically. On the other hand, looking at the fundamental picture, we can expect the FED to keep raising rates to tame the inflation. This would in turn as expected give value to the DXY and make it appreciate further thus sending other currencies tumbling. Since the start of FED aggressive tightening cycle, the inflation is yet to come under complete control or plateau. Still running at a record high, it would take some time to bring it back under to the target of 2.4% per year. So as you can imagine during this time the FED would keep raising the rates or do it cautiously not at every meeting, as a result this would give more boost to the USD. So taking both fundamental factors and technical ones into account we can expect a gradual rise in value of the DXY towards the next supply zone/ resistance located at 120.000. Look at the main chart for the trade entry details in order to achieve 1:1 RR. This trade is POSITION trading and will likely take a long time to develop its trend, however both fundamental and technical factors are strongly in favor of the DXY appreciation. Kindly avoid the trade if the target is HIT first as the trade would be invalidated. Trade Cautiously & Safely. Cheers
TVC:DXYLong
by FX618Analysis
5
5 Companies that will be negatively impacted by a strong USDRecently I read a report about some of the serious problems related to a strong USD (represented by DXY). This includes multiple "sovereign debt crisis" (SDC) across multiple currencies whether it is the Yuan, russian ruble (and their default) and in this case the USD. More specifically, USD SDC will likely greatly impact the exports of US-based company as the relative prices of their goods will be increasing. Naturally, some of the questions we should be asking are: 1. "which US company's rely export the most amount of goods?", 2. "out of the top 100, which company have the worst debt ratios?" 3. "out of the top 100, which companies are most like to survive this or face insolvency issues?" With these questions in mind, I decided to start with a simple comparison between DXY and the 5 top US companies that rely on exports for their profits. As you can see, immediately there is some correlation between DXY and the top 5 US exporters and it's a bearish correlation... So now its a matter of due diligence, financial reports, marketing the dates of FOMC minutes and meetings to take advantage of high volatility (represented with the $ symbol) and the inevitable rabbit hole comparing supply/relative cost goods from competitors and doing asymmetric risk/reward profiles based on the all this... That kinda stuff unfortunately I'm not qualified or certified to discuss so DYOR and leave a comment if this made you think at all.
TVC:DXYShort
by livingdracula
Gold PivotsGold caught a massive bid off Bonds and the selloff in the US dollar. We broke several levels above to finally run out of steam exactly at our level of 1670. Although the Kovach OBV picked up, resistance kicked in and we appear to be taking a breather. It is likely that the rally is transient and we will retrace soon. The first level to provide support will be 1658, then after that we have a vacuum zone back to 1640. If we continue to rally, 1683, the base of our levels before using inverse Fibonacci extensions to predict lower levels, will be the next target.
COMEX:GC1!Short
by quantguy
NZDJPY - DAILY TECHNICAL BIAS WITH FUNDAMENTAL BIAS#NZDJPY NZDJPY should be slightly SELL because the MARKET RISK is off now. Also, since NZD RATES are high, we expect NZDJPY to go UP again. We look forward to the future behavior of NZDJPY. The reason is because the interest rate of NZD is higher compared to JPY. Either way, NZDJPY should be a LONG TERM BUY. Anyway, the PRICE can go down again on the NZDJPY MAIN SUPPORT, if the MARKET RISK remains in the OFF state, to the 80.50 LEVEL. Earlier NZDJPY was SELL due to strong JPY and MARKET SENTIMENT is RISK OFF. After that, you can definitely BUY at 86.86 LEVEL. For that, MARKET RISK should be ON. STOCK UP, VIX DOWN, JPY WEAK. Besides, the USD should be WEAK.
by benny_marshall