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USDJPY: Potential Bearish Scenario USDJPY is trading within an ascending triangle on the hourly chart. Taking into consideration that the trend is globally and locally bearish, I remain bearish biased and expect a trend continuation. In order to catch the next wave, I would suggest being focused on 103.67 - 103.73 hourly demand area. If we see a 1H candle close below that, it will be a strong selling signal and bear run will most likely start. Next goal will be - 103.4 (in contrast, if we close above 103.9 level, the setup will be invalid)
Short
by VasilyTrader
15
NZDUSD close to breakout for ascending triangleHello, my fellow traders hope you all are making some profits. We are here with our new analysis so that we can increase those profits for you. Let’s get into it. As we can see, the price is inside Ascending Triangle and is now close to breakout. One should wait for confirmation. Let us know your views on this in the comment section. Thank you all. There is good news for our followers. We will be analyzing on-demand. So, let us know which pair you want our analysis on, and we will get it for you. Do like and follow us.
by Ryan_lopes
NZDUSD: Short Trade Explained NZDUSD is approaching a local structure high that was previously reached 12th of November. the price has violated the support line of a rising wedge pattern once it reached the underline structure and currently it is trading within a narrow horizontal decision range. 0.6896 - 0.6915 are the boundaries of that range. an hourly candle close below that will be a strong bearish signal and will most likely trigger a selling reaction. wait for a confirmed violation and sell aggressively or on a retest. goals: 0.68715 0.685 0.682 in case of an hourly candle close above the range, the setup will be invalid.
Short
by VasilyTrader
13
USDJPY May Drop! Here is Why: USDJPY is still trading below a major falling trend line that we can identify on 3 days/daily charts. While the price is below that we remain bearish biased. On a daily after a strong bullish wave from 103.2 level the price has perfectly stopped on that trend line. In the next two days we saw a clear indecision with a sequence of two weak candles. Yesterday's daily candle closed engulfing the range of the previous two candles. It is a very strong bearish signal and based on that I expect a bearish continuation. Next goal - 104.2
Short
by VasilyTrader
16
US DOLLAR CURRENCY INDEXWill the US Dollar Collapse? How, When, and What to Do If That Did Occur A dollar collapse is when the value of the U.S. dollar plummets. In that scenario, anyone who holds dollar-denominated assets will sell them at any cost. That includes foreign governments that own U.S. Treasurys. It also affects foreign exchange futures traders. Last but not least, it will hit individual investors. When the crash occurs, these parties will demand assets denominated in anything other than dollars. The collapse of the dollar means that everyone is trying to sell their dollar-denominated assets, and no one wants to buy them . This will drive the value of the dollar down to near zero. It would make hyperinflation look like a day in the park. Two Conditions That Could Lead to a Collapse Two conditions must be in place before the dollar could collapse. There must be an underlying weakness in the value of the U.S. dollar, and there must be a viable alternative. In other words, there must be a reason people are fleeing the dollar and there must be somewhere for them to go . Otherwise, the dollar will remain the world's global currency. The majority of international contracts demand a dollar payment, so that also adds to its stability. Underlying Weakness The dollar is not exhibiting an underlying weakness. Between January 2008 and 2020, the dollar has strengthened by 30%, from 89.2 to 115. The coronavirus pandemic strengthened it a further 10%, rising as high as 126.4 on March 23, 2020. Why? The U.S. economy is still seen as the strongest in the world. Investors trust the U.S. government will back its currency . The dollar's strength is based on its use as the world's reserve currency. The dollar became the reserve currency in 1971 when President Richard Nixon abandoned the gold standard. As a global currency, the dollar is used for half of all cross-border transactions. That requires central banks to hold the dollar in their reserves to pay for these transactions . As a result, 61% of these foreign currency reserves are in dollars. Viable Currency Alternative There is no viable currency alternative for everyone to buy. The next most popular currency after the dollar is the euro. But it comprises only 21% of central bank reserves. China and others argue that a new currency should be created and used as a global currency. China would like it to be its currency, the yuan. That would boost China's economic growth. China has not taken enough steps to make its currency widely traded. It's only 2% of central bank foreign currency reserves. Bitcoin's value is highly volatile because there's no central bank to manage it . It's also become the coin of choice for the black economy . Economic Event that Could Trigger a Collapse A collapse couldn't occur without a triggering event that destroys confidence in the dollar . Altogether, foreign countries own more than $6 trillion in U.S. debt. The two largest are China and Japan. If they dump their holdings of Treasury notes, they could cause a panic leading to collapse. China owns nearly $1 trillion in U.S. Treasurys. Japan, in turn, owns more than $1.2 trillion in Treasurys. It also wants to keep the yen low to stimulate exports to the United States. Japan is moving out of a 15-year deflationary cycle. The 2011 earthquake and nuclear disaster didn't help. The economies of Japan and China are dependent on U.S. consumers. They know that if they sell their dollars, their action would further depress the value of the dollar. So their products, still priced in yuan and yen, would cost relatively more in the United States . Their economies would suffer. Right now, it's still in their best interest to hold on to their dollar reserves. China and Japan are aware of their vulnerability. They are selling more to other Asian countries that are gradually becoming wealthier. But the United States is still the best market in the world . These articles are coming from various sources.
TVC:DXYLong
by RyodaBrainless
DXY US political developmentsUS political developments and their impact on the dollar : Here is a principle for you to remember: The value of the dollar decreases during the Republican era and increases during the Democratic era. Of course, this is done with a certain time priority after the elections. This is a long-term priority for the transition from Republicans to Democrats. That is, prices will last until they form a reversal. As I publish my analysis of the dollar index, Joe Biden has been declared the winner of the US presidential election with 290 electoral votes. Do not forget that it will take time for the dollar to appreciate after the Democrats came to power! And the price continues to decline for some time. This means that the scenario you see in the chart is possible. And the target can be touched. Of course, note that this is just an analysis and probability and a hypothesis! But it can give us a good perspective on doing the right thing.
TVC:DXYShort
by mr_index
USDJPY: Important Breakout & Bearish Continuation USDJPY finally broke and closed below 104.0 major structure support on 3d/d timeframes. now this structure turned to resistance. In my view this breakout defines midterm/long-term sentiment on the pair and sellers will push lower. we can not define the exact time horizon for now, but the next goals for sellers are: 103.1 101.2 (it is not a trading recommendation, I will be looking for a retest of the broken level first to join this short rally)
Short
by VasilyTrader
12
EURUSD: Daily Time Frame Analysis & Key Levels hey traders, due to uncertainty with elections, it is quite hard to find a decent trading opportunity. the instruments are quite volatile and chaotic at the moment so I am waiting until it settles. On eurusd after a bounce from the current structure low, the price is currently attempting to break above a major falling trend line that served as the resistance. depending on the reaction of the market on that, here are the key daily levels to consider: Support 1 - 1.16 - 1.162 current daily structure low Resistance 1 - 1.185 - 1.187 last daily lower high Resistance 2 - 1.195 - 1.20 remember that if daily candle closes above the trend line, if it serve us support. key levels are used as goals for our trades and as points from where we open them!
by VasilyTrader
13