U.S. Dollar Index is uptrend in the short-term.
U.S. Dollar Index is uptrend in the short-term, there’s many resistance from above.
After the US dollar index rebounded from the low point of 89.2 on January 6th, it showed a short-term upward trend channel (as shown in the dotted channel). The main reason was that the US 10-year bond yield rose to 1.11% (the closing price on January 29), which made the US dollar once again become The reason for the return of funds, so the recent decline in non-US currencies.
The US Dollar Index is expected to show a slow rise in the next 1-2 weeks, but there are still many resistances at high levels.
Range forecast: 89.30-91.55
Pay attention to changes in U.S. ten-year bond yields
Update: Feb.1th 2021
Reliability：10-20 Market Days
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Detail and Tracking:
U.S. Dollar Index is uptrend in the short-term, there’s many resistance from above.
After the US dollar index rebounded from the low point of 89.2 on January 6th, it showed a short-term upward trend channel (as shown in the dotted channel). The main reason was that the US 10-year bond yield rose to 1.11% (the closing price on January 29), which made the US dollar once again become The reason for the return of funds, so the recent decline in non-US currencies.
The US Dollar Index is expected to show a slow rise in the next 1-2 weeks, but there are still many resistances at high levels.
Range forecast: 89.30-91.55
Pay attention to changes in U.S. ten-year bond yields
Update: Feb.1th 2021
Reliability：10-20 Market Days
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Detail and Tracking:
ETH is in an ascending triangle state.
Recently, ETHUSD is in an ascending triangle state, as shown in the yellow block, with a high chance of rising.
The top is currently facing resistance at 1140, waiting for an upward breakthrough.
From the yellow ascending triangle as shown in the figure, the opportunity for ETH to rise is very high. It is recommended to do Long Position near the lower edge of the triangle. The stop loss can be set at a price range of about 1-3% below the lower edge of the triangle.
Activists can even do a Buy Stop chasing strategy when the price breaks above 1440.
Update: Feb.1th 2021
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Detail and Tracking:
https://www.tradingview.com/chart/ETHUSD/doA4MGeK-ETH-is-in-an-ascending-triangle-state/
Recently, ETHUSD is in an ascending triangle state, as shown in the yellow block, with a high chance of rising.
The top is currently facing resistance at 1140, waiting for an upward breakthrough.
From the yellow ascending triangle as shown in the figure, the opportunity for ETH to rise is very high. It is recommended to do Long Position near the lower edge of the triangle. The stop loss can be set at a price range of about 1-3% below the lower edge of the triangle.
Activists can even do a Buy Stop chasing strategy when the price breaks above 1440.
Update: Feb.1th 2021
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Detail and Tracking:
https://www.tradingview.com/chart/ETHUSD/doA4MGeK-ETH-is-in-an-ascending-triangle-state/
Silver (XAGUSD) breaks above the resistance trend line and falls again.
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Detail and Tracking:
https://www.tradingview.com/chart/XAGUSD/6saIPIoV-Silver-XAGUSD-breaks-the-resistance-and-falls-again/
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Detail and Tracking:
https://www.tradingview.com/chart/XAGUSD/6saIPIoV-Silver-XAGUSD-breaks-the-resistance-and-falls-again/
AUDUSD H4 drops from high
After falling back from the high of 0.7820 on January 6, the AUDUSD rebounded after reaching low 0.7563 yesterday (February 3). The current price is still above the 0.7600 integer.
Since the mid-term ascending channel (dotted line) has been broken, and the MA60 is about to “death cross” the MA200, the chance of rising in the short and medium term has been reduced, and there are already multiple resistance prices above. The larger chance in the future is sideways shocks.
It is recommended to do a trading strategy of buying low and selling high within the interval shown in the box.
Shock Range: 0.7570-0.7750
Update: Feb.4th 2021
Reliability: 5-10 Market Days
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Detail and Tracking:
https://www.tradingview.com/chart/AUDUSD/BtG7KfFN-AUDUSD-H4-sideways-shocks/
After falling back from the high of 0.7820 on January 6, the AUDUSD rebounded after reaching low 0.7563 yesterday (February 3). The current price is still above the 0.7600 integer.
Since the mid-term ascending channel (dotted line) has been broken, and the MA60 is about to “death cross” the MA200, the chance of rising in the short and medium term has been reduced, and there are already multiple resistance prices above. The larger chance in the future is sideways shocks.
It is recommended to do a trading strategy of buying low and selling high within the interval shown in the box.
Shock Range: 0.7570-0.7750
Update: Feb.4th 2021
Reliability: 5-10 Market Days
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Detail and Tracking:
https://www.tradingview.com/chart/AUDUSD/BtG7KfFN-AUDUSD-H4-sideways-shocks/
EURUSD still in the mid-term downward channel.
As shown in the figure, the EURUSD fell from a high of 1.2349 on January 6 to a low of 1.1704 on March 31, and rebounded sharply to around 1.2150 in April. The entire graph can form a "mid-term downtrend channel". The current price Around 1.20 integers.
The EURUSD price must rise above the April 29 high of 1.2150 in the short term for the April upward trend to continue.
Otherwise, the higher probability that the EURUSD will continue to trend downward in the "mid-term downward trend channel" in the future.
Update: May.6th 2021
Forecast validity: 5 - 15 Market Days.
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Detail and Tracking:
https://www.tradingview.com/chart/EURUSD/o1NkxgYT-EURUSD/
As shown in the figure, the EURUSD fell from a high of 1.2349 on January 6 to a low of 1.1704 on March 31, and rebounded sharply to around 1.2150 in April. The entire graph can form a "mid-term downtrend channel". The current price Around 1.20 integers.
The EURUSD price must rise above the April 29 high of 1.2150 in the short term for the April upward trend to continue.
Otherwise, the higher probability that the EURUSD will continue to trend downward in the "mid-term downward trend channel" in the future.
Update: May.6th 2021
Forecast validity: 5 - 15 Market Days.
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Detail and Tracking:
https://www.tradingview.com/chart/EURUSD/o1NkxgYT-EURUSD/
Gold (XAUUAS) Short-term rise, but long-term bearish.
The gold price is $ 2075 / oz from August 2020 falling to the low $ 1676 / oz in March 2021, and the chart pattern presents a downtrend.
March-April gold prices rose mainly due to
1. U.S. Dollar Index fell.
2. The U.S. Treasury Yield Curve Rates at a range of 1.6-1.7%, stay in the range and no longer rise.
3. The World's Macroeconomy has inflation doubts in the future.
By the technical analysis:
Daily Chart, the Moving Average System: MA60 has "Death Cross" MA200 on February 10th, so it is recommended to sell at a high position.
Although the price may continue to rise in the short term, it is still recommended to go short below the moving average (MA200).
Recent range: 1765 - 1860
Update: May 07. 2021
Forecast validity: 10 - 20 Market Days.
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Detail and Tracking:
https://www.tradingview.com/chart/XAUUSD/Tx3oHDc4
The gold price is $ 2075 / oz from August 2020 falling to the low $ 1676 / oz in March 2021, and the chart pattern presents a downtrend.
March-April gold prices rose mainly due to
1. U.S. Dollar Index fell.
2. The U.S. Treasury Yield Curve Rates at a range of 1.6-1.7%, stay in the range and no longer rise.
3. The World's Macroeconomy has inflation doubts in the future.
By the technical analysis:
Daily Chart, the Moving Average System: MA60 has "Death Cross" MA200 on February 10th, so it is recommended to sell at a high position.
Although the price may continue to rise in the short term, it is still recommended to go short below the moving average (MA200).
Recent range: 1765 - 1860
Update: May 07. 2021
Forecast validity: 10 - 20 Market Days.
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Detail and Tracking:
https://www.tradingview.com/chart/XAUUSD/Tx3oHDc4
BitCoin is still bullish in the Long-term.
Recently, most of the funds in the crypto market have been transferred to Dogecoin(DOGEUSDT).
The price of Bitcoin has been in a consolidation pattern since it reached a high of USD.64895 on April 14th, and it is still in a sideways order at USD.52000-5900 (as shown in the yellow box).
BitCoin is still bullish in the Long-term:
1. Buy at low price level. (support)
2. Break through the upper resistance of the "Uptrend Channel" to chase long.
Recent range: USD.50000 - 65000
Update: May 10. 2021
Forecast validity: 20 - 60 Market Days.
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Detail and Tracking:
https://www.tradingview.com/chart/BTCUSD/qbBrAsxd
Recently, most of the funds in the crypto market have been transferred to Dogecoin(DOGEUSDT).
The price of Bitcoin has been in a consolidation pattern since it reached a high of USD.64895 on April 14th, and it is still in a sideways order at USD.52000-5900 (as shown in the yellow box).
BitCoin is still bullish in the Long-term:
1. Buy at low price level. (support)
2. Break through the upper resistance of the "Uptrend Channel" to chase long.
Recent range: USD.50000 - 65000
Update: May 10. 2021
Forecast validity: 20 - 60 Market Days.
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Detail and Tracking:
https://www.tradingview.com/chart/BTCUSD/qbBrAsxd