Some clues about the reason for yesterday's decline in the U.S. dollar index can be found from the time node. Especially the data released at this time node, there is no doubt that there is a greater relationship. We can see that the number of initial claims for unemployment benefits and the number of continuous claims for unemployment benefits in the United...
The EURUSD is exhibiting a bearish sentiment on the weekly timeframe; nevertheless, there is a noticeable robust bullish trend observed on both the daily and the 4-hour timeframes. Notably, we witness a pronounced reaction at the weekly levels identified as resistance on the chart. Furthermore, we have identified a daily support level, marked as a potential target...
i am not planing to get involve in this trade, but let's see how it will preform!
Hi fellow traders, EURUSD is ready to make a move higher from the blue box after completing the correction. Target the 1.0857 level. Good luck and trade safe!
Usually i do not share ideas with timeframe lower than H1, but i want to try to share something different. This is how i usually plan my daily trades, and despite the main trend, i look for scalp in every direction. My main bias for EURUSD is short, but i think that today and tomorrow we could see a potential bounce. I drawed a possible reversal zone, that is a...
Starting to see some bearish confluences on GU ☝️Do not act based on my analysis, do your own research!! The main purpose of my resources is free, actionable education for anyone who wants to learn trading and improve mental and technical trading skills. Learn from hundreds of videos and the real story of a particular trader, with all the mistakes and pain on the...
Hello Traders, Hope you all are doing good!! I expect EURUSD to go Up after completing this correction. Look for your BUY setups around the marked zone. Please follow me and like if you agree or this idea helps you out in your trading plan. Disclaimer: This is just an idea. Please do your own analysis before opening a position. Always use SL & proper...
Validity : Thursday Afternoon 🚫 Manage Your Risk & Reward As Per Your Risk Management 🚫 🔥🔥 Levels Works Best on 4 Hours Time Frame 🔥🔥 ❤️❤️ MARKET SECRET ❤️❤️👇 1. TRADE WHAT YOU SEE NOT WHAT YOU ASSUME 2. FOLLOW THE TREND BECAUSE TREND IS YOUR ONLY FRIEND 3. CHART IS SUPREME 4. YOUR ASSUMPTION & EMOTIONS HAS NO VALUE IN THE MARKET Our motto is to help each...
Hello friends, Friday was a good opportunity to sell EURUSD as price spiked to the resistance level. From the daily chart, we can clearly see that the descending trend line resistance has stopped the price. In addition, there is bearish candlestick formation at the 100-day EMA level. A combination of these two factors plus the bearish price action indicates...
Hello Traders, I hope you doing great. for upcoming week, I think we'll probably see an Upward trend on EURUSD and a downward correction on DXY$. if this post was helpful to you, please like and share.
After continuously creating bearish signals on the daily frame, around the upper border of the falling channel, the price began to fall again in the past session, the downward momentum is still continuing to be maintained this morning. The short positions are profitable, you continue to hold the position, the target will be around the 1.06xx threshold, keeping the...
GBP/USD has formed a symmetrical triangle pattern on the 30-minute timeframe, and a breakout has already occurred. We are currently waiting for a retest to enter a SELL position, based on candlestick confirmation patterns at the retest level.
The U.S. dollar has also seen a sharp correction during this period, which I believe many traders have seen. The market has also put relatively much pressure on the US dollar. At the same time, it serves as the most valuable storage currency. There was also a sharp decline under the influence of geopolitical sentiment. TVC:DXY But I don't think the dollar...
After a correction from the supply zone and a correction based on the latest analysis, the price faced demand again and was able to rise to the target of 1.080. Currently, by examining the FX:EURUSD chart, as you can see, after rising to the desired target, the price is trading in a range of around 1.077. There is a possibility of further correction in the...
Hello, friends. Nice to meet you I hope you all have a good day The candle is located inside the Ascending Broadcasting pattern and can be dip once more towards the RED line. And if it get to the RED line, We expect to see a successful rebound and break through the Ascending Broadening pattern upper line.
The dollar index and dollar index futures both rose 0.1% in Asian trading after falling 0.8% last week. The greenback fell on weaker-than-expected non-farm payrolls data in April. The data reinforced expectations that a cooling labor market will give the Federal Reserve more incentive to start cutting interest rates. CME's Fed rate tracker shows traders are...
My analysis for EU aligns with that of GU in terms of directional bias. I expect price to turn bullish from either of my demand points of interest (POIs), aiming to eventually mitigate the major supply zone within two days. This anticipation stems from the expected substantial reaction at the supply zone. While pursuing the buys aligns with a pro-trend approach, I...
Pair : EURUSD ( Euro / U.S Dollar ) Description : Impulse Correction Falling Wedge as an Corrective Pattern in Short Time Frame RSI - Divergence Completed " 12345 " Impulsive Waves and " ABC " Correction Fibonacci Level - 78.60%