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USD (US Dollar)

Potential bullish rise?AUD/USD has reacting off the support level which is a pullback support that aligns with the 50% Fibonacci retracement and could rise from this level to our take profit. Entry: 0.6582 Why we like it: There is a pullback support level that aligns with the 50% Fibonacci retracement. Stop loss: 0.6535 Why we like it: There is a pullback support level. Take profit: 0.6649 Why we like it: There is an overlap resistance level that aligns with the 61.8% Fibonacci retracement. Enjoying your TradingView experience? Review us! Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
Long
by VantageMarkets
Could the price reverse from here?WTI oil (XTI/USD) is rising towards the pivot which has been identified as an overlap resistance and could reverse to the 38.2% Fibonacci support. Pivot: 72.44 1st Support: 70.26 1st Resistance: 75.15 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary. Disclaimer: The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
ICMARKETS:XTIUSDShort
by ICmarkets
Could the Gold bounce from here?The price is falling towards the pivot and could bounce to the pullback resistance level. Pivot: 2,722.29 1st Support: 2,685.29 1st Resistance: 2,758.83 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary. Disclaimer: The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
ICMARKETS:XAUUSDLong
by ICmarkets
EURUSD Flat To Start November Elections Ahead The EURUSD has been quite flat to start the month of November. The current market price is hovering around 1.08730, which is within about 10 pips of the November month open price. Today the Bank of Australia will be releasing new data regarding interest rates, this could possibly give some volatility to the market for US pairs. Don't forget that the US Federal Election will be held tomorrow. Traders will be looking for a spike, for now we will be waiting for the news.
by ilyaskhan1994
GPBUSD Bearish Megaphone starting new wave.GBPUSD is trading inside a Bearish Megaphone for the past 30 trading days. The price may now be supported by the 1hour MA50 but has formed the bearish formation it had on all prior tops under the Falling Resistance. The 1hour RSI has formed a similar topping pattern. As a result, this is a standard sell signal for the Bearish Megaphone. All declines reached the 1.5 Fibonacci extension, so we can target at least the previous Low at 1.2850. Follow us, like the idea and leave a comment below!!
Short
by TheCryptagon
EURUSD: Potential USD Strength On Trump Election MomentumHey Traders, in today's trading session we are monitoring EURUSD for a selling opportunity around 1.09000 zone, EURUSD is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 1.09000 support and resistance area. I would also consider the ongoing Elections in the US, if Trump wins as he is bullish the Dollar we should see a significant downsides in the Dollar. Trade safe, Joe.
Short
by JoeChampion
5
EURUSD targeting 1.0500 after the 1W MA100 rejection.Late August (Aug 26, see chart below) saw us emphasizing the critical role of the Lower Highs trend-line, being the top of a multi-year Falling Wedge pattern that started at the peak of the 2008 Housing Crisis, and its important on the long-term trend, with a break-out being bullish while a rejection being bearish: The price was eventually rejected exactly at the top and at the same time the 1W MA100 (green trend-line), which did the July 2023 rejection. That rejection initiated a correction back to the Symmetrical Support Zone of 2015. As a result, we expect EURUSD to gradually descend towards that Zone and by mid 2025, hit 1.0500. Notice also that the 1W RSI also got very close to its 15-year Resistance Zone. This has triggered in the past more brutal sell-offs. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
Short
by TradingShot
DXY Under Pressure: Analyzing Economic Signals Ahead U.S. Elect.The U.S. Dollar Index (DXY) is currently showing intriguing movements as it deals with a mix of economic data and looming political changes. After a Friday marked by disappointing economic indicators—such as the ISM Manufacturing PMI and the Non-Farm Employment Change—the DXY appears to be entering a potential reversal phase. This was further reflected in its negative opening on Monday, which had a noticeable impact on trading in London. Economic Backdrop and Market Sentiment The DXY's recent performance has been influenced by a combination of economic releases and trader sentiment. The mixed results from significant economic indicators have created a sense of cautious uncertainty among investors. The less-than-ideal ISM Manufacturing PMI and Non-Farm Employment Change figures have raised concerns about the strength of the U.S. economy, prompting traders to reassess their positions. As market participants analyze these economic signals, it’s evident that the DXY is acting in response to established price levels and supply zones. Recent price actions suggest a critical juncture; the dollar seems to be encountering resistance as it approaches these key areas. Insights from the COT Report A deeper look at the market dynamics through the latest Commitment of Traders (COT) report reveals a noteworthy divergence. Retail traders continue to maintain long positions, likely influenced by previous bullish sentiment surrounding the dollar. Meanwhile, institutional investors, often referred to as the "smart money," are taking a more bearish stance, gradually shifting their positions lower. This unsettling divergence raises important questions: Will the enthusiasm of retail traders sway the market, or will the more cautious strategies of institutional investors prevail? This situation highlights the potential for volatility that characterizes these transitional phases in the market. Retail traders may find themselves at risk if the smart money's strategies prove to be more prescient. Seasonal Trends Indicate a Bearish Outlook Adding another layer of complexity, seasonal patterns historically suggest that a bearish trend may be on the horizon during this time of year. Price movements often align with established seasonal patterns, prompting traders to consider the implications for future market performance. The Impending U.S. Elections: A Prelude to Volatility With U.S. elections fast approaching, market volatility is expected to rise significantly. History shows that political events can greatly influence currency and asset prices, leading traders to adjust their positions in anticipation of results. This environment is likely to see retracements across various indices and currencies, creating turmoil across the financial landscape. As market participants prepare for the immediate aftermath of the elections, substantial fluctuations are anticipated. The uncertainty surrounding the potential outcomes and the resulting policy shifts will drive considerable movement across asset classes. Conclusion The DXY’s trajectory is complex as it navigates a potential reversal amidst mixed economic signals, diverging trader positions, and impending political changes. With the elections on the horizon, traders should brace for increased volatility and be ready to adapt to rapid shifts in momentum. Staying informed about economic indicators, seasonal trends, and overall market sentiment will be crucial for navigating this challenging landscape. Ultimately, success in these uncertain times will hinge on understanding market psychology while remaining agile in response to both data releases and geopolitical developments. Initial Idea: ✅ Please share your thoughts about DXY in the comments section below and HIT LIKE if you appreciate my analysis. Don't forget to FOLLOW ME; you will help us a lot with this small contribution.
TVC:DXYShort
by FOREXN1
1
Potential bullish rise?The kiwi (NZD/USD) is reacting off the pivot and could rise from this level to the 61.8% Fibonacci resistance. Pivot: 0.5991 1st Support: 0.5939 1st Resistance: 0.6048 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary. Disclaimer: The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
Long
by ICmarkets
2
Falling towards 38.2% Fibonacci support?The Aussie (AUD/USD) is falling towards the pivot which acts as a pullback support and could bounce to the 1st resistance which is an overlap resistance. Pivot: 0.6585 1st Support: 0.6538 1st Resistance: 0.6649 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary. Disclaimer: The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
Long
by ICmarkets
2
Bullish bounce?USD/JPY is falling towards the pivot which has been identified as a pullback support and could bounce to the 1st resistance level which acts as an overlap resistance. Pivot: 150.91 1st Support: 149.02 1st Resistance: 152.91 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary. Disclaimer: The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
Short
by ICmarkets
Bearish reversal off pullback resistance?The Cable (GBP/USD) is rising towards the pivot which has been identified as a pullback resistance and could reverse to the 1st support level which is a pullback support. Pivot: 1.3022 1st Support: 1.2909 1st Resistance: 1.3105 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary. Disclaimer: The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
Short
by ICmarkets
1
Weekly FOREX Forecast: USD is STRONG Vs CAD, CHF, & JPYThis is an outlook for the week of Nov 4 - 8th. In this video, we will analyze the following FX markets: CAD, CHF, & JPY future, and USDCAD, USDCHF, and USDJPY. Enjoy! May profits be upon you. Leave any questions or comments in the comment section. I appreciate any feedback from my viewers! Like and/or subscribe if you want more accurate analysis. Thank you so much! Disclaimer: I do not provide personal investment advice and I am not a qualified licensed investment advisor. All information found here, including any ideas, opinions, views, predictions, forecasts, commentaries, suggestions, expressed or implied herein, are for informational, entertainment or educational purposes only and should not be construed as personal investment advice. While the information provided is believed to be accurate, it may include errors or inaccuracies. I will not and cannot be held liable for any actions you take as a result of anything you read here. Conduct your own due diligence, or consult a licensed financial advisor or broker before making any and all investment decisions. Any investments, trades, speculations, or decisions made on the basis of any information found on this channel, expressed or implied herein, are committed at your own risk, financial or otherwise.
by RT_Money
Trump or Harris? Markets Awaits Outcome Trump or Harris? Markets Awaits Outcome This week, the U.S. presidential election will command everyone's attention. Market watchers will be focused on a handful of pivotal swing states, including Arizona, Georgia, Michigan, Nevada, North Carolina, Pennsylvania, and Wisconsin. Pennsylvania is potentially the most critical. Yet, the results may not be immediate. In 2020, for instance, the Associated Press declared Biden the official winner about three and a half days after polls closed. This time around, a win by Trump could strengthen the dollar, driven by the possibility of heightened tariffs that may also weigh on currencies closely linked to China, such as the Australian dollar. With daily MACD in negative territory, AUD/USD appears on track to test the next support at 0.6490, aligned with a trend line since October 2023 In contrast, Newsquawk suggests that a Harris victory could pressure the dollar, with potential gains in commodities and the euro.
by BlackBull_Markets
XAUUSD 3/11/24We have a short bias on gold this week, mainly to establish a better price level in case the market decides to move higher again, based on the daily timeframe gap. This is the first bearish gap in over a month, which indicates a strong chance for a possible sell-off. We’ve marked the lows, and currently, there are no unmitigated areas of demand. Given our bearish bias, this is expected, as previous areas of demand or support are likely to be broken, allowing the price to reach a more favorable level for future buying opportunities. There’s also an area of supply marked above, which could push the price lower. However, we're primarily looking for a short-term sell-off, with a longer-term expectation of reaching all-time highs again, driven by strong fundamentals supporting gold. This pullback is likely a temporary correction in the overall uptrend. Since we haven’t seen a pullback in a while, a correction is ultimately inevitable. Where it will end and turn bullish again is uncertain. This week, our focus is on the liquidity levels marked for potential reactions. Trade based on current price action and follow your plan. Stick to your strategy, manage your risk, and consider the supply area as a possible point for selling into the lows. Follow your plan and stick to your risk.
OANDA:XAUUSD
by PipSurfingSociety
2
EURUSD 3/11/24This week, our bias on the Euro has shifted from short to long. This change is based on observing a shift in the higher time frame structure, as institutions appear to be showing interest in buying. Whether this move will be short-term or long-term remains to be seen. We’ll watch the price action in the first sessions of the week to get a clearer idea. Please note, this analysis follows the same principles and bias approach as always. Currently, there are no unmitigated demand areas on the 4-hour chart, and only a short-term supply area has formed. The area of demand we’ve highlighted is present only on the 1-hour chart, making it more of a smaller time frame reference than a higher one. We’ve marked key liquidity levels, which will serve as our reference points for potential upward movement this week. If the price interacts with the 1-hour demand area, we’ll aim for the high at the top of the current range. While I’m ultimately looking for a longer-term upward move, a pullback beforehand is possible. Stick to your plan and manage your risk.
by PipSurfingSociety
Euro can fall to support level and then start to move upHello traders, I want share with you my opinion about Euro. Looking at the chart, we can see how the price fell to the seller zone, which coincided with the resistance level and at once rebounded up. Price in a short time rose to 1.1210 points and then turned around and started to decline inside the downward channel. In the channel, the price soon broke the 1.1085 level and then fell almost the support line of the channel, after which EUR bounced and continued to decline. Later Euro fell to the support level, which coincided with the support line of the downward channel with the buyer zone. After this, the price continued to decline and soon, broke the 1.0810 level and entered to buyer zone, after which turned around, and some time traded between support level. Last time, the price fell to the buyer zone and then rebounded up, thereby breaking the 1.0810 level again, and then exited from the channel too. At the moment, I think that Euro can correct to a support level and then start to grow. For this case, I set my TP at 1.0980 points. Please share this idea with your friends and click Boost 🚀
Long
by LegionQ8
7