{"id":24324,"date":"2022-12-19T12:54:38","date_gmt":"2022-12-19T12:54:38","guid":{"rendered":"https:\/\/fxglobe.wpenginepowered.com\/u-s-dollar-to-make-a-comeback\/"},"modified":"2026-03-18T11:22:22","modified_gmt":"2026-03-18T11:22:22","slug":"u-s-dollar-to-make-a-comeback","status":"publish","type":"post","link":"https:\/\/www.fxglobe.com\/zh-hans\/u-s-dollar-to-make-a-comeback\/","title":{"rendered":"U.S. Dollar to make a comeback?"},"content":{"rendered":"\n<p>Good morning, Traders!<\/p>\n\n\n\n<p>Last week was a volatile week in terms of swings in all directions. As we edge closer to the holiday season, the markets may become sleepy if trading volumes drop temporarily.<\/p>\n\n\n\n<p>The weekly candle on several charts closed very bearishly, implying that further lows could be tested in equities, <a href=\"https:\/\/www.fxglobe.com\/soft-commodities-on-the-move\/\" data-type=\"post\" data-id=\"24314\">commodities<\/a>, cryptos and even currencies if the USD strengthens as signalled.<\/p>\n\n\n\n<p>Extra caution in trade and risk management should be applied here for all of the reasons above. That could mean lower risk percentage per trade, taking partial-profits along the way, or even closing out trades earlier than usual.<\/p>\n\n\n\n<p>Most of all, do not take it personally if the markets become uncertain and begin to range more.<\/p>\n\n\n\n<p>Here are my market picks for today:<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">EURUSD, Daily, bullish<\/h2>\n\n\n\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" src=\"https:\/\/www.fxglobe.com\/wp-content\/uploads\/2023\/05\/FXG_DP_APH_19Dec2022EURUSDDaily-1024x683.png\" alt=\"\" class=\"wp-image-7175\"\/><\/figure>\n\n\n\n<p>The current <a href=\"https:\/\/www.fxglobe.com\/mondays-can-be-funny-days\/\" data-type=\"post\" data-id=\"24312\">Daily candle<\/a> is bullish. As long as it closes nice and green today, this could provide a buy entry opportunity should the trend continue.<\/p>\n\n\n\n<p>I will place my entry 2 pips above the high of this bullish candle, with my stoploss 2 pips below the low.<\/p>\n\n\n\n<p>I plan to take partial profits at 1:1 and target 3:1 or the next major resistance level on the weekly timeframe.<\/p>\n\n\n\n<p>Should the candle close red and bearishly, then this trade idea is invalidated.<\/p>\n\n\n\n<p>As there is a lot of economic calendar news, I will reduce my risk for this trade to 0.5% or less.<\/p>\n\n\n\n<p>Traders who take partial profits when price reaches 1:1 often enjoy fewer losses.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">US100 (NSDQ), 4-hour, bearish<\/h2>\n\n\n\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" src=\"https:\/\/www.fxglobe.com\/wp-content\/uploads\/2023\/05\/FXG_DP_APH_19Dec2022_US100CashH4-1024x683.png\" alt=\"\" class=\"wp-image-7185\"\/><\/figure>\n\n\n\n<p>Should price action follow through on the heavily bearish weekly candle, then price will likely find resistance in this area today.<\/p>\n\n\n\n<p>It has now retraced back up into that same level and is testing it for resistance.<\/p>\n\n\n\n<p>I\u2019m waiting for a bearish rejection candle in the moving averages and\/or <a href=\"https:\/\/markets.businessinsider.com\/news\/currencies\/dollar-dominance-dxy-comeback-federal-reserve-interest-rates-inflation-currencies-2023-2\">resistance levels<\/a>.<\/p>\n\n\n\n<p>Should a bearish candle be produced in this area, then my entry will be placed around the closed candle, 2 pips below the low, with my stoploss 2 pips above the high.<\/p>\n\n\n\n<p>Again, with all of the high-impact news expected this week, my risk for this trade will be 0.5% or less, but not more.<\/p>\n\n\n\n<p>Taking partial-profits at 1:1 is a great way to mitigate risk, as well as targeting a realistic price point, such as a major resistance level, or 1:3 risk-to-reward point.<\/p>\n\n\n\n<p>Should no bearish candle form in this area, or should the daily close very bullishly, then this trade idea is invalidated.<\/p>\n\n\n\n<p>Happy Trading!<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Good morning, Traders! Last week was a volatile week in [&hellip;]<\/p>\n","protected":false},"author":20,"featured_media":14231,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_seopress_robots_primary_cat":"none","_seopress_titles_title":"USDCAD: Price Break at 1.3700? | %%sitetitle%%","_seopress_titles_desc":"Explore the potential of USDCAD breaking the crucial 1.3700 level. Analyze market trends and make informed trading decisions in the forex market.","_seopress_robots_index":"","footnotes":"","_links_to":"","_links_to_target":""},"categories":[1],"tags":[],"class_list":["post-24324","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-market-updates"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.fxglobe.com\/zh-hans\/wp-json\/wp\/v2\/posts\/24324","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.fxglobe.com\/zh-hans\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.fxglobe.com\/zh-hans\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.fxglobe.com\/zh-hans\/wp-json\/wp\/v2\/users\/20"}],"replies":[{"embeddable":true,"href":"https:\/\/www.fxglobe.com\/zh-hans\/wp-json\/wp\/v2\/comments?post=24324"}],"version-history":[{"count":0,"href":"https:\/\/www.fxglobe.com\/zh-hans\/wp-json\/wp\/v2\/posts\/24324\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.fxglobe.com\/zh-hans\/wp-json\/wp\/v2\/media\/14231"}],"wp:attachment":[{"href":"https:\/\/www.fxglobe.com\/zh-hans\/wp-json\/wp\/v2\/media?parent=24324"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.fxglobe.com\/zh-hans\/wp-json\/wp\/v2\/categories?post=24324"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.fxglobe.com\/zh-hans\/wp-json\/wp\/v2\/tags?post=24324"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}