Ticker tape by TradingView

Want Trade Alerts?

See all of our entries, exits, and analysis. 
Use code READER for 25% OFF!
Join VIP

USD Takes Off- Do This Now

9/29/2021

Bond yields jumped the highest point in the past 3 months at 1.51% as the dollar rose across the board yesterday and today. Equities markets in the US took a dip yesterday after looking like it had a promising recovery. The DXY is up over half a percent this morning and the stock market is up .6%.

Our outlook

The prolonged wait on tapering and raising interest rates has the market and USD in a frenzy and will continue to be volatile until a decision is made. The more investors try to figure out what's going on, the worse this will get, and we may some more heavy market swings. I think that the dollar is going to be the thing investors will flock to in this time of great uncertainty, as we have already seen so far. But, I think that the dollar has the potential to see more highs as investors try to price in a raise in interest rates while stocks struggle. Now, it seems best to start looking for risk-off trade setups and longing USD.

Trade Setups

USDJPY

USDJPY just broke every level of resistance in the way this year and is currently at its highest point in 2021. A close above this level would be another bullish sign for the pair which suggests that price will use this level as new support.

USDCHF

USDCHF on the 1D chart up nearly half a percent and testing the recent highs of .93329. Testing resistance at .93547 seems likely for the pair within the next few days. If price comes back down, there is clean support around .92368.

USDCAD

USDCAD catches support on the 50 DMA on the 1D chart and looks to be coming up to resistance at the rising long term trend line. A series of higher lows suggest a continued move higher regardless of the potential head and shoulders pattern that formed on this timeframe. Support at 1.26697.

want trade alerts sent to you?

Join The VIP Community!

Our entries, exits, & analysis
Live webinar coaching calls
Trading chatrooms
Strategy library
Use Code "READER" for $5 OFF!
Join Now

Need a Better Broker?

Need Trading Help? (FREE!)

Headlines That Will Make You Want To Invest In Crypto Right Now

10/26/2021 A string of articles have come out recently that will make you consider crypto and the potential around the emerging industry. Here are a few article headlines that I will summarize and explain why this is really important to the market as a whole. Tesla May Restart Crypto Transactions Again Several months ago, Tesla […]

Read More
Inflation: Why Now and Will it Increase?

Today I'll share some economic analysis on the CPI report and what to look for in order to tell if inflation will get worse. Lastly, I'll cover some ways that you can make an investment play on inflation. September CPI Report The Consumer Price Index report for September 2021 was published on October 12, 2021. […]

Read More
What Could Make Gold Shoot To $1830 This Week?

10/25/2021 Gold and crypto pairs have been on a tear recently due to several factors and one of them being inflation. Some analysts are calling for a prolonged run in demand for the precious metal and a $3000 per oz price in under a year. Our outlook I think that gold has been due for […]

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

A1 Trading Company

A1 Trading Company is a financial services and media business founded in Atlanta, USA.
linkedin facebook pinterest youtube rss twitter instagram facebook-blank rss-blank linkedin-blank pinterest youtube twitter instagram