EURUSD H8 We might not have highlighted this particular trade yesterday, as our attention was primarily on AUD/USD and GBP/USD. It's worth noting that EUR/USD tends to exhibit a pattern more closely aligned with GBP/USD than with AUD/USD. Despite this, we've observed a significant upward spike, and we've identified a promising setup for a new long order. Today's...
GBPUSD has experienced a substantial 2R decline. Stops, as previously noted, were on the larger side, presenting traders with the choice of adopting either an aggressive or conservative approach. The conservative option offered a lower risk-reward ratio but increased the likelihood of holding onto the trade, while the aggressive strategy involved tighter stops and...
Little shy here on US30, and slight adjustments to the zone here, but we are into our sell region, lets see if we can see a bit of a dollar relief rally here.
US30 - H8 The US30 demonstrated upward momentum, aligning with the movements of XAUUSD and US100, as anticipated earlier. This surge was prompted by the revelation of inflation figures lower than anticipated during yesterday's trading session. Notably, the index has maintained a robust stance at the significant psychological threshold of 35,000 since August...
DXY D1 XAUUSD experienced a substantial surge, mirroring the impressive ascent of US30, US100, and other ***USD-based instruments. This surge was prompted by a notable sell-off in the dollar, aligning with CPI figures that fell below expectations. The market displayed a strong, one-directional momentum, creating a powerful and widespread impact across various...
GBPUSD H8 Yesterday evening, we thoroughly analyzed this particular currency pair with one of our coaching members. We emphasized the evident confluences, including notable supply and resistance zones, along with the psychologically significant 1.25 price level. Today, we anticipate a slightly bullish trend for the USD, anticipating a relief rally after a...
AUDUSD H8 AUDUSD, a currency pair known for its dynamic movement during the eastern session, owing to its base in the eastern time zone. We observed a substantial decline of up to 1.1R in the previous eastern session, although it's worth noting that stop losses are set with a broad coverage, extending to encompass all previous wicks. Today, we'll be keenly...
DXY D1 This week, our perspective on the USD remains consistent with last week's analysis. The dollar demonstrated a bullish W1 close, while remaining firmly within the confines of the breakout and reversal structure on the lower timeframes (LTF). The 106 resistance level continues to stand its ground, and we maintain an optimistic outlook for USD pairs this...
GBPUSD D1 GBPUSD retraced to retest the key 1.22 support level and showed remarkable resilience, except for a minor 10-pip dip. It managed to stage a recovery of approximately 25-30 pips last Friday, just before the week's conclusion. As the markets kicked off today's trading sessions, the pair swiftly surged to new heights, reaching 1.22530, surpassing last...
XAUUSD D1 XAUUSD experienced a notable sell-off yesterday, even in the face of a 600-point correction in the DXY. As we recall from last week, we highlighted the market's mixed correlation and potentially misleading confirmations. Presently, this is precisely what we are witnessing: stock indices, the DXY, and XAUUSD all providing conflicting signals. However,...
US30 D1 The US30 could undergo another substantial selloff, and we've begun to decisively resist the 34,150 price level, as previously anticipated. Our response may not have been as swift as I'd prefer, but it's worth noting that we closed yesterday's D1 candle in the red, indicating a renewed bearish sentiment today. We remain optimistic about the possibility...
DXY D1 As previously noted, the DXY currently holds primary relevance within the FX markets, with its correlation not currently synchronizing with movements in US stocks or commodities. For instance, while US stocks are showing signs of decline, the DXY is also on a downward trajectory. In these conditions, we approach our trading endeavours with vigilance,...
NAS100 The NAS100 shares a strikingly similar outlook with the Dow Jones, also known as US30 for those acquainted with the terminology. In fact, the NAS trend appears even more pristine compared to US30. The lower lows (LL) and higher highs (LH) sequence exhibits greater consistency on NAS100, while US30 displays a minor fake-out, although still well-contained...
XAUUSD D1 As previously highlighted in our analysis posts, with the recent weakening of the US dollar, we anticipate upward momentum for ***USD. While a brief dollar relief rally is plausible, all signs currently point to an upward trajectory for XAUUSD. Our analysis combines both technical and fundamental/risk assessments. We are on the lookout for an...
AUDUSD D1 AUDUSD is currently perched at the crucial 0.65 handle, with the dollar index experiencing a pronounced decline. A potential respite rally for the dollar might lead to AUDUSD rebounding from the 0.65 level and preparing for its next potential bullish phase. We've not only identified this entry opportunity but also the breakout and retest entry...
DXY D1 We've successfully breached the lower boundary of the previously anticipated support zone, as forecasted last week. There's potential for a retracement to retest the indicated price level before a further decline, aligning with the bearish sentiment on the USD, really looking to see some more dollar weakness unfold this week.
US30 D1 The downtrend remains evident. We find ourselves perched at a critical supply level, which has historically served as both a support and resistance area. Notably, last week's move covered an impressive 1,700-point range. As highlighted in our recent IG video, we are keenly interested in exploring short positions, not only for potential corrective...
GBPUSD D1 We had this markup last week, we took a loss on the trending setup, but we bounced 1.5R from that 1.21 handle, which we are now sitting on again. Same as before, don't fix it unless it's broken, in the case DXY starts to reject that 106.500 (as per the analysis), we could expect 1.21 to hold and get off the ground again.