A1 Trading Company

Ticker tape by TradingView

April 1, 2022

USD Pairs To Watch For Next Week

Frank Cabibi

Amidst global uncertainty in stock markets and commodities, investors might stop trying to guess which direction to trade. Instead, they might try to just stick to the safe havens like the dollar. That being said, here are some USD pairs to watch and potentially trade for next week as we see tighter monetary policy and mixed indices.

Dollar Forecast For Next Week

Fundamentally, we can put a few things into perspective. One, is that a driving factor towards global uncertainty is the Russian invasion on Ukraine. If peace talks remain stalled, we will have a hard time picking direction on the indices and risk-on plays.

Another factor is US's miss in NFP today. That's been a major driver in the market and the USD. Jobless claims also saw a rise this week, so temporary bearishness on stocks and bullishness on USD looks probable.

COT is also playing a big role in institutional sentiment as big money is upping their stakes in this safe haven currency. Long contracts have increased by 3.7 million in the last week while shorts have only risen by 2.5 million.

USD Pairs To Watch

USD/CHF

usd pairs

USD is up after a mixed jobs report where the US missed on NFP but beat unemployment rate. USDCHF bounced up from the 200 DMA which would have been a very clean entry on the 1D, and price is up against resistance in the .92700s.

GBP/USD

usd pairs

GU closely follows the performance of the US stock market. The pair is struggling to break above this resistance level as US equities struggle for the third day in a row. If GU can't break above this level on the 1D, we could probably see further downside towards the low of 1.30031.

A1 Edgefinder

Smart Money Tracker
See where big money is flowing with the A1 Edgefinder's smart money tracker! With one click, see where the biggest money flows are entering and exiting through COT data.

10% off code: 'READER'

GET ACCESS NOW

VIP discord

Trade Alerts, Strategies, Chatrooms & more!

10% off code: 'READER'

LEARN MORE
What To Take Away From Powell's Remarks

Today, Fed chairman Jerome Powell spoke on the labor market and inflation. While we don't know what the future holds for the equities and currency market, we can derive certain conclusions from investors' interpretations. Here are some powerful takeaways from Powell's remarks this afternoon. Key takeaways Market Impact This caused the dollar and equities to […]

Read More
What To Expect From Today's FOMC

Today at 2:00 pm EST, the Fed will announce their latest interest rate decision. Estimates suggest a smaller hike of 25 basis points this time around. Here are some things to consider before the FOMC decision later today: The Fed has struggled to tighten their grip on inflation without causing too much disturbance in the […]

Read More
The Art of Not Trading

With the holiday season lingering on and a new year on the cusp of arrival, traders may glance at the calendar and notice there is not much economic news to anticipate on Friday to cap off a light week. In situations like these where there can be lulls in bullish and bearish momentum due to […]

Read More
DISCLAIMER: All comments made by TraderNick’s Forex Group, LLC are for educational and informational purposes only. All comments should not be construed as investment advice regarding the purchase or sale of any securities or financial instrument of any kind. Please consult with your financial adviser before making an investment decision regarding any securities or financial instruments mentioned by TraderNick’s Forex Group, LLC. TraderNick’s Forex Group, LLC assumes no responsibility for your trading and investment results. All information on any of the platforms utilized by TraderNick’s Forex Group, LLC was obtained from sources believed to be reliable, but we do not warrant its completeness or accuracy, or warrant any results from the use of the information. TraderNick’s Forex Group, LLC, its employees, representatives, and affiliated individuals may have a position or effect transactions in the securities and financial instruments herein and or otherwise employ trading strategies that may be consistent or inconsistent with the provided strategies. Trading of any type involves very high risk and may not be suitable for all investors. TraderNick’s Forex Group, LLC, its subsidiaries and all affiliated individuals assume no responsibility for your trading and investment result. Read our full disclaimer here
Home
Edgefinder
VIP
Menu
homesmartphonelaptopmenu linkedin facebook pinterest youtube rss twitter instagram facebook-blank rss-blank linkedin-blank pinterest youtube twitter instagram