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Dollar

🇺🇸 President Joe Biden’s Bearish Remarks on the USD vs. CNY 🇨 Ladies and gentlemen, my fellow Americans, and all you Zoomers out there, gather 'round! Uncle Joe’s got some thoughts about our greenbacks and those sneaky Chinese Yuan. Buckle up, because we’re diving into the financial rabbit hole. 🐇 1. “The Dollar’s Got Swagger” You know, folks, the U.S. dollar has been strutting its stuff for centuries. It’s like that cool kid in high school who always had the latest sneakers and a killer mixtape. Well, guess what? The dollar’s still got swagger. 💸 2. “Yuan? More Like Yawn!” Now, let’s talk about the Chinese Yuan. Sure, it’s got pandas on its bills, but pandas don’t pay the rent, my friends. The Yuan’s like that kid who shows up to the party with a veggie platter. Nice try, but we’re here for the pizza. 🍕 3. “Quantitative Easing? Nah, We’re on a Diet!” Our Federal Reserve’s been flexing its muscles, printing money like it’s going out of style. But guess what? We’re not on a doughnut binge. We’re on a financial diet. No more QE buffets. 🍩 4. “Trade Wars? More Like Pillow Fights!” China and the U.S. have been duking it out in trade wars. But honestly, it’s like watching two toddlers in superhero costumes pillow-fighting. Cute, but not exactly world-changing. 🛌 5. “0.11 CNY/USD? That’s a Bargain!” So, rumor has it the yuan’s gonna dump to 0.11 CNY/USD. Well, let me tell you, that’s practically a yard sale price. Sell one, get one free! 🛒 6. “Zoomers, HODL Your Avocado Toast!” To my Zoomer pals: Forget avocado toast for a sec. HODL those dollars like they’re vintage Pokémon cards. Trust me, when the Yuan’s doing the cha-cha, you’ll thank me. 🥑💰 7. “Crypto? Nah, I Prefer Monopoly Money!” And don’t get me started on crypto. It’s like playing Monopoly with invisible cash. Pass Go, collect Bitcoin. But give me that real green paper any day. 💵 In conclusion, my fellow Americans, let’s keep our eyes on the prize. The dollar’s been through wars, recessions, and disco fever. It ain’t backing down. As for the Yuan, well, pandas are cute, but they won’t save your retirement fund. Stay woke, stay dollar-wise, and remember: In Joe we trust (and a little bit of Ben Franklin). 🇺🇸💪 Disclaimer: This post is purely fictional and for entertainment purposes. No actual financial advice here, folks. Consult your financial advisor, not Uncle Joe. 🎩🤝
Short
by TheTraderrr
EurUsd Buyers battle @ 1.086 4Hr Zone ⚔️Hello traders welcome back to another Analysis. //// 0:0 Monthly/Introduction 1:06 Weekly Timeframe 2:24 Daily timeframe 2:58 4Hr timeframe 4:15 1Hr timeframe //// We have upcoming (USD) PMI manufacturing data during the next NY session to look out for. It is expected to expand overall but decrease slightly from the last data point. Coming out of last Friday and during Monday's price action we observed Risk on sentiment with the Eur being favored. Maybe this will come to a halt, and during today's price action we will see a retracement back down with the positive expected USD data. If Risk-On sentiment continues, a candle closure above 1.086 on the 1hr and especially the 4hr may confirm solid long orders up to the next daily level (1.0888).
by ShrewdCatfx
XAUUSD Technical Analysis 5th March 2024 1h chart– Monday Daily candle closed extremely Bullish tapping into 2120.000 level as the Friday Bullish momentum continues. I’ll be looking for potential Buys above 2120.000 targeting 2130.000 and 2140.000 as strong Key Levels to be tapped in the anticipation for price to fill parts of the Rejection Wick on the Monthly timeframe. I’ll be looking for potential Sells below 2107.600 targeting 15min Support around 2099.000 and 1h previous Resistance around 2088.700. Ideally is to allow price to range during Asian session and wait for Pre London session to either continue the Bullish momentum or correct the recent Bullish move.
OANDA:XAUUSD
by SalimFX20
USDJPY: Your Trading Plan For This Week 🇺🇸🇯🇵 USDJPY is trading in a bullish trend. After the price set a new higher high, we see quite an extended consolidation within a horizontal range. 150.9 is the resistance of the range. If the market breaks and closes above that on a daily, we can anticipate a trend-following movement. Next resistance will be 151.6 Alternatively, a bearish breakout of the support of the range may trigger a bearish continuation. ❤️Please, support my work with like, thank you!❤️
Long
by VasilyTrader
1
XAUUSD Technical Analysis 4th March 2024 1h chart– Previous Weekly candle closed extremely Bullish above recent Weekly Resistances, Friday Daily candle also closed strong Bullish around 2082.900. I’ll be looking for potential Buys above 2088.500 targeting Asian session open formed back on 4th December 2023 around 2096.000 and the Pre Asian session formed on 4th December 2023 aswell around 2110.000. I’ll be looking for potential Sells below 2080.000 targeting previous Weekly Resistance formed on 4th December 2023 around 2072.000 and previous Monthly Resistance formed in January 2024 around 2063.000. As the Friday Daily candle has been extremely Bullish there is a higher probability for price to correct The breakout.
OANDA:XAUUSD
by SalimFX20
Crude Oil WTI - Analysis (ICT)Simple analysis on the Monthly timeframes. There is trendline liquidity residing above, which I believe is the next draw on price. With that in mind, I noticed price react nicely off of a 5-Month FVG and Orderblock. With that in mind, I'm anticipating price using the current Sibi that it is in to become an iFVG. I would like to see a Monthly candle close above it and then use it or a created Bisi as support to trade higher. Life is simple, don't complicate it. - R2F
NYMEX:CL1!Long
by Road_2_Funded
GBPUSD - Analysis (ICT)This is a possible scenario for GBPUSD, annotated on the 1h timeframe. Price just took out sellside liquidity and reversed back up rapidly during news on the 1st March 2024. There is much trendline liquidity residing above, but there is also a 3-week and monthly FVG below (off screen). The narrative I have in mind is for price to at least either make one more high near the C.E of the NDOG or slightly piercing the trendline, then heading to the downside. Or, for a bullish scenario, price breaks convincingly above the trendline, then finds support to move higher. Let's see what unfolds. - R2F
by Road_2_Funded
Dollar Index (DXY): Trading Plan For Next Week Explained 💲 Dollar Index is coiling around a solid rising trend line. We can see a nice consolidation on a 4H time frame. To buy the market with a confirmation, look for a bulilsh breakout of 104.3 resistance. 4H candle close above that will confirm a violation. A bullish continuation will be anticipated then at least to 104.65 Alternatively, a bearish breakout of a trend line may trigger a bearish continuation. ❤️Please, support my work with like, thank you!❤️
TVC:DXYLong
by VasilyTrader
7
Dollar Surges as German PMI Data Triggers Reversal SignalsThe dollar index has surged strongly following today's release of the German Flash Manufacturing PMI, revealing a contraction in industry expansion with a reading of 42.3. This unexpected downturn not only affects the Euro but also casts implications on GBP pairs. The disappointing figures have sparked concerns among investors, potentially exerting downward pressure on both cross pairs against the USD and paving the way for a correction that could boost the Dollar's value. From a technical standpoint, the USD appears to be rebounding, finding support at the dynamic trendline of the uptrend. This coincides with the convergence of the 200 Moving Average and the 50% Fibonacci retracement level from the previous swing low, suggesting a significant level of support for the currency. Additionally, the Relative Strength Index (RSI) has dipped into oversold territory, indicating a potential reversal in price direction. Traders are closely watching for signs of a correction and subsequent increase in the Dollar's strength. In light of these technical indicators, attention is turning to the possibility of employing a cross Moving RSI average strategy with a 70-30 trigger as confirmation. This strategy, which is detailed in an educational post linked below, could provide further insight into market movements and assist traders in navigating the current landscape of uncertainty. As market participants analyze the implications of the German PMI data and monitor technical signals, the trajectory of the Dollar index remains uncertain. However, with the potential for a correction in the cross pairs against the USD and the technical indicators suggesting a rebound, traders are advised to stay vigilant and adapt their strategies accordingly to capitalize on emerging opportunities in the forex market.
ICEUS:DXYLong
by FOREXN1
3
XAUUSD Technical Analysis 1st March 2024 1h chart– Thursday Daily candle closed extremely Bullish around 2044.500 breaking above recent Daily Resistance. I’ll be looking for potential Buys above 2050.800 targeting 4h Resistance around 2056.900 and Weekly Resistance around 2062.900. I’ll be looking for potential Sells below 2041.500 targeting 4h Support around 2034.500 and 30min Support around 2028.200. High Impact News ahead of the New York session for the US Dollar which may create volatility in the market.
OANDA:XAUUSD
by SalimFX20
XAUUSD Technical Analysis 29th February 2024 1h chart– Wednesday Daily candle closed Bullish within recent Daily Range as price continue to consolidate. I’ll be looking for potential Buys above 2038.100 targeting previous Weekly Support formed on 8th January 2024 around 2045.400 and 1h previous Support formed on 2nd February 2024 around 2052.500. I’ll be looking for potential Sells below 2030.300 targeting Daily Support formed around 2024.300 and 4h Support around 2017.000. The High Impact News ahead of the New York session for Thursday might be the token for price to break out of the current Daily / 4h range.
OANDA:XAUUSD
by SalimFX20
DXY Head and Shoulder Pattern 4HDXY Head and Shoulder Pattern 4H Possible formation of a head and shoulders pattern on the 4H timeframe. Pattern is a reversal pattern, could possibly break the 4H trendline to continue the daily timeframe downtrend. Would be looking for shorts from the 50% to 61.8% Fib levels. Further confluence is the RSI showing now entering overbought levels on the 4H timeframe. If price breaks past the previous lower high on the 4H timeframe, trade will become invalid. Like and comment if you agree.
TVC:DXYShort
by Ryan-L
GBPUSD: Expecting a drop from hereEven though sterling has found recent resilience, we are in a long-term down trend. I believe the recent rally must end, fundamentally the pound is much weaker than the dollar, the UK is in recession and the US looks likely to avoid one. The FED will start cutting rates, but I believe the BoE will act sooner (or at the same time) because it doesn't have the grace of a strong economy. On the LTF's we're at the top of this current dynamic rising range, but I think we may see a break of the lower boundary, and if we do this will be the resumption of the downtrend.
Short
by Finchcliffe