DXY - Weakness but until how long? Please plot these key levels on your Dollar Index Chart. See them here: https://www.tradingview.com/chart/DXY/5pgZstqg-DXY-WEAKNESS-BUT-UNTIL-HOW-LONG/
TradingView
DXY - WEAKNESS, BUT UNTIL HOW LONG? for INDEX:DXY by forexlens
Fundamentals are gauging a bearish USD for Q3 which could all go out the window if a trade deal is met with China and sanctions are removed against Iran. Technicals pointing to near term weakness as DXY is on its way to 97.6xx region.
Expect a decent gap down on EURUSD and a minor one for GBPUSD.
I will be sending in chart in a few, be sure to follow our TradingView to keep up with my ideas.
Until I send those over, please check out my latest article breaking down the US DOLLAR (DXY). I did a fundamental and technical break of the index. It is a must read, in my opinion.
Read it, here:
https://www.forexlens.com/forex-trading-blog/technical-and-fundamental-breakdown-of-the-us-dollar/
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Read it, here:
https://www.forexlens.com/forex-trading-blog/technical-and-fundamental-breakdown-of-the-us-dollar/
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Forex Lens
Technical and Fundamental Breakdown of the US Dollar - Forex Lens
If you have been keeping up with global news then you’d know that the United States of American are in a few global conflicts which has proximal and distal implications...
For those that are in GBPUSD, you may elect to move your stop to 1.26000. This is a swing trade, check out the weekly time frame to see why.
EURCHF - SWING LONG OPPORTUNITY. Personally have entered this long, CHF pairs in general love to respect key levels and abide by technicals beautifully.
See the analysis, here:
https://www.tradingview.com/chart/EURCHF/bJtS4m8q-EURCHF-LONG-OFF-WEEKLY/
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See the analysis, here:
https://www.tradingview.com/chart/EURCHF/bJtS4m8q-EURCHF-LONG-OFF-WEEKLY/
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TradingView
EURCHF - LONG OFF WEEKLY for FX:EURCHF by forexlens
I have entered this as a swing opportunity, key levels and execution order details are on the chart.
Based on this next hour closure, I may elect to close GBPUSD. Stay tuned.
Close out of GBPUSD, creating a tear drop candle, high probability to fill out the range. We will revisit the DXY during tomorrow’s live session to see what is next.
NZDCAD - Keeping it simple, great to pair with our AUDCAD shorts. See the analysis, here:
https://www.tradingview.com/chart/NZDCAD/7fmNy9R7-NZDCAD-BEARISH-FLAG-FIB-CONFLUENCE/
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https://www.tradingview.com/chart/NZDCAD/7fmNy9R7-NZDCAD-BEARISH-FLAG-FIB-CONFLUENCE/
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TradingView
NZDCAD - BEARISH FLAG + FIB CONFLUENCE for FX:NZDCAD by forexlens
Decent setup that could be considered intraday.
Morning traders, GBPUSD is melting (had a trader’s hunch to get out). NZDCAD is also falling nicely, hope that offsets some of the GBPUSD loses. Today we will have the YouTube live chat so you may shoot your questions and choice of pairs there. See you then, at 11:00 AM EST.
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USDJPY buys in them right now, will cover during our live session.
EURCHF AND USDJPY are right where they need to be. Let the trades be, half of this is trader psychology.
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Morning traders. NZDCAD intraday shorts has hit our final take profit @ 0.877230. 90 pips done and dusted. EURCHF is around 30 pips in profit, and USDJPY is just getting started. I will see you all at today’s live session. Also gold shorts to 1322 region, as discussed on yesterday’s live.
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Today’s live session will be pushed to 12:00 PM EST, I apologize if this causes any inconvenience. See you then!
AUDUSD 👀 for those that tuned into the live session, keep an eye out.
Here’s a great read from Bloomberg on Australia’s rate cut.
https://www.bloomberg.com/news/articles/2019-06-12/australia-s-interest-rate-cut-fails-to-lift-gloom-about-economy
Technicals + Fundamentals is the way to go.
https://www.bloomberg.com/news/articles/2019-06-12/australia-s-interest-rate-cut-fails-to-lift-gloom-about-economy
Technicals + Fundamentals is the way to go.