DXY has just broken resistance trendline spanning back from September 2022. The DXY broke trendline coinciding with a key level at 106.
If this break does not end up been a false break, DXY could swing to 109 within weeks and ultimately further grow to 114 in 2024.
More pain ahead for SnP500?
As SnP500 has been on enormous bullish trend and recently has formed reversal patter, Head and shoulder pattern.
And it has also break the neckline of reversal pattern. Which is suggesting the more pain ahead.
LINKUSDT is in strong bullish trend.
As the market is consistently printing new HHs and HLs.
currently the market is retracing a bit after last HH, which is also the 50% fib retracement level and the previous broken resistance might be turning as a support. if the market successfully sustain this bullish confluence the next leg high could be 7.5.
TRBUSDT is trading in fine bullish trend and maintaining well the bullish trendline.
Whenever the price retest the bullish trendline buyers are attacking aggressively, which can be seen from pointed arrows on the chart.
Currently the price is retracing to the inclining trendline and again it is being expected that the bulls are ready to attack.
if bulls take the...
USOIL is trading in descending channel and printing consistent LLs LHs. Recently the price is broken the important support zone and now retesting the broken level, which is also the 50% Fib retracement level.
If the sell momentum continues the next target could be 88 region.
What you guys think of this idea.
Is DXY exhausting at highs?
As the price is been on high bull run but now it seems like price is lacking bullish momentum after reaching at daily time frame resistance level, suggesting the sell pressure is about to start.
If the bears took control , the 1st target could be 105.20.
What you guys think of it ?
EURNZD is trading in more like of falling wedge pattern and recently it seems like the sellers are bit exhausted now and the pair is started to get support within the wedge.
Currently the price is forming a local support around 1.7725 region and a bullish divergence also indicating the buyers are getting ready for some serious move to upside.
Will the bulls take...
AUDCAD is trading in more like of descending channel pattern and recently it seems like the sellers are bit exhausted now and the pair is started to get support within the channel.
Currently the price is forming a local support around 0.86400 region and there are chances that a bullish divergence may form here.
Will the bulls take charge again continue for leg higher?
KEYUSDT is in very strong bullish trend and also formed the bullish flag pattern. Currently the price is forming a support zone with in the flag and if this support holds and price break the flag the next target could be 0.00700.
What you guys think of this idea?
NZDCAD was trading in descending parallel channel and recently it seems like the sellers are bit exhausted now and bulls took the charge and now has given the breakout from descending channel.
Currently the price is forming a local support around 0.8020 region.
Will the bulls take charge again continue for leg higher?
What you guys think of this idea?
The SPX 500USD is breaking unto a yearly trendline support from 20th April 2020.
The market is ready to retest the weekly EMA-50 and Daily EMA 200 on that same support at 4257 which coincides with the yearly upside trendline support.
My bias is that the trend will be upside from the liquidity zone and yearly trendline support.
I am also expecting a bearish wave...
CHFJPY Break it's Support and closed below this zone. Where after a correction a big down fall is expected. Pair hold a support for the long time now moving below this zone. If price hit the mentioned zone I am expecting support zone will act as a resistance and push the price more bearish.
The last week DXY movement fulfilled my idea which I predicted price to hit the key level at 105.8
For the past 13 -14 weeks, the DXY has been on an ascending trend from 99.23 to 105.756. The current resistance has been a key level since 1st December 2022.
Price is currently reacting on a resistance trendline of the main ascending channel since 26th September...
Gold is currently reacting on a key level (1925) which has the Daily EMA-50, 4Hr EMA 200/50/20 on clusted there.
The 4hr candle closing below these EMAs could spark a short to the next liquidity zone (1915).
The 4Hr candle closing above the EMA-200/50/20 could spark buys to 1952 potentially but before the market will buy, i will expect some liquidity drops to...
Hi Fellow Trader/Investor,
The Dow Jones 30 has exhibited a consistent downward movement since encountering significant resistance. Subsequently, the price has broken out of the bullish channel and the dynamic support area represented by the EMA 90 Line, signaling a continuation of the bearish trend. An in-depth analysis of price action suggests a potential...
