Hello traders, USDCAD started rallying from the 1.3318 low, indicating that wave C) of a higher degree is completed, and that a minimum three-wave turn is underway. We labelled a completed leg A/1 and B/2 as part of a reversal, so current rally from 1.348 swing low can be part of wave C or 3. In case of wave C price can target area at Fib. ratio of 100.0 (1.385...
That could be it for wave C . We have our first leg up form the lows expect PB and another leg up where bears will fade the 61.8 and THEN the reaction from there will be key
Will DXY find support at trend line and continue up?
Market structure suggest USD Dollar index poised for good rally towards 110 and 115 in coming months.
Hope all of you survived March 2020... So we have a quite interesting scenarios with DXY which is showing us several possible down movements. What is important to know, we are about to enter "the post-virus economy" which already started with huge stimulus from FED and other CBs worldwide. BUT why don't we get a USD falling into hyperinflation after the enlarged...
Gold has changed it's a trend and broken the trendline, wait for a retest and take a short position.
EURUSD keeps rising. so many traders are struggling with the identification of the next pivot point for the pair. and indeed: just during the last two weeks, at least 4 key levels were easily broken to the upside without any hesitation. on Friday the pair has reached an important historical area of resistance and the market closed with a strong rejection...
Hello followers, Get ready!! Drop Incoming USD/CAD reached a huge resistance, and CRUDE OIL is now ready for another jump. Double Top Formation is a confirmation. Down Trend Line following How do I know ? Technical Analysis Enjoy => it is free! M.W.
The Gold versus the US Dollar will most likely continue to edge lower. The 200- period simple moving average could provide resistance for the exchange rate in the short-term future,
The USD/CHF currency exchange rate will most likely continue to edge lower within the following trading sessions. The possible target for the exchange rate will be at the 0.9750 area.
Bullish to the shorter term structure of the 61.8%
Last night I said into this Telegram gold that when Gold goes up again by 1500, sell again. Look how market moves and when it moves outside of the box, it will follow the trend. As you can see here, the price push up up to 1502, and then goes down again. A recent break of price proves that this will continue. However place your Stop Loss at 1499 - 1498 when the...
US Dollar Index is forming a rising wedge on the daily timeframe. If the swing high at 99.37 is violated, then the index still have further upside potential to hit the upper wedge before it collapses to return to the lower part of the wedge. However, there is possibility of the index being rejected at the swing high also. Finally, if the index violated the lower...
SELL SETUP USD/CAD WE HAVE FUNDAMENTALS COMING THIS WEEK FOR THIS PAIR WHAT COULD HELP US PUSH LOWER. IM AIMING FOR THE FIRST TP, IF WE GET THERE WE COULD BE LOOKING AFTER THE BREAK AND RETEST FOR CONTINUATION. BUT LETS SEE HOW PRICE REACTS THERE. USE GOOD RISK MANAGEMENT AS MARKET WILL BE VERY VOLATILE WITH FUNDAMENTALS COMING.