DXY with its deep retracement on previous movement has a lot of investors wondering where it might be headed next. Sound advice is to wait till Tuesday when Dollar will have by then given a clear signal on directional course. I will continue to update this post.
Today's focus: GBPAUD Pattern – LH Trend continuation Support – 1.8935 Resistance – 1.9185 Hi, and thanks for checking out today's analysis. The GBPAUD daily is today's focus. What has our attention is the possible continuation that's setting up. This looks to be a bearish continuation at this point, but we want to see price hit a new lower low for the week to...
FX_IDC:AUDUSD chart mapping/analysis for intraday & short-term swing trade strategies.
FX_IDC:AUDUSD chart mapping/analysis for med-long term swing trade strategies.
USDCHF has been rising non-stp since the July 18th bottom on 0.85555 (S1). The 1D outlook is on straight bullish technicals (RSI = 61.656, MACD = 0.005, ADX = 40.729) and as the 1D MA50 has been turned into Support, we expect the rally to peak within the 1D MA200 and the inside LH trendline. That would be as close to the top of the twelve month Channel Down as...
Not too long ago I had published an idea about the $FX:CADCHF. Go check it out! However, I never took my eyes off of it, and due to that it made me dig deeper from a higher perspective... I came to the conclusion that this particular pair recently experienced something that's more than likely going to shift it's momentum for some time. My reasoning.. Daily: 1....
Dollar index is providing us bullish patterns that gives clues that the trend will continue till we hit 106.00 strong key level aka three touch pattern completion of HTF, where we could expect some reaction to the downside, though it seems that the dollar is strong fundementaly and trend wiae that could lead to provide fresh ATH. anyways lets take advantage of the...
EURUSD reached the bottom of the six week Channel Down, completed a -2.70% decline such as the previous one and turned the 1H RSI extremly oversold (RSI = 17.487, MACD = -0.002, ADX = 31.778). This is a low risk chance to take a short term buy to the top of the Channel Down. Our target is, as with the previous rebound, the 0.618 Fibonacci level (TP = 1.08250). ...
Today's focus: GBPUSD Pattern – LH low test Support – 1.2456 Resistance – 1.2510 Thanks for checking out today’s update. Today, we have run over the GBPUSD, breaking down the overall price picture and levels and incorporating moving average and RSI into the analysis. The GBPUSD continues to push lower after yesterday’s session. Price created a new LH and has...
Today's focus: EURJPY Pattern – Range support test post LH trend break. Support – 157.05 – 155.85 Resistance – 158.40 – 159.40 (area) Thanks for checking out today’s update. Today, we have run over the EURJPY, breaking down the overall price picture and levels we are watching. The JPY has started the week on a strong note with solid gains so far to the EUR,...
Chart mapping/technical analysis of ICEUS:DX1! for developing long-term Swing Trade strategies. ICEUS:DX1! TVC:DXY AMEX:UUP AMEX:UDN
Update: same chart, same timeframe, wider view. Chart mapping/technical analysis of ICEUS:DX1! for developing long-term Swing Trade strategies. ICEUS:DX1! TVC:DXY AMEX:UUP AMEX:UDN
Chart mapping/technical analysis of ICEUS:DX1! for developing short-med term Intraday Trade strategies. ICEUS:DX1! TVC:DXY AMEX:UUP AMEX:UDN
USDCAD is trading inside a Channel Down pattern that has almost completed 11 months of trend. The technicals on the 1D time-frame are overbought (RSI = 70.266, MACD = 0.007, ADX = 57.395) and that enhances the sell sentiment as the price approaches the top of the Channel Down. The previous LH was priced a little over the 0.786 Fibonacci level. The formation of a...
GBPJPY hit the HH trendline of the two year Megaphone pattern and that has so far put a pause to the uptrend. The 1D timeframe has turned neutral (RSI = 52.182, MACD = 0.480, ADX = 25.579) and is supported by the 1D MA50. The MACD formation reveals that the pair could be ahead of a 0.382 - 0.236 Fibonacci correction as in June/July 2021. As a result there are...
Notice I said the word SOON. There has been a text book cup and handle formed on the CAD/JPY/ It's just about to complete the handle forming its brim (resistance). Now only once the price breaks out, closes above and opens above the brim - will it signal a decent long. Until then, I'm waiting. We have other bullish signs along the way. 7>21>200 RSI...
Technical Analysis and Outlook: The Eurodollar rebounded off to our Mean Res 1.090 and some more; however, as a solid ongoing pivotal move, sentiment mode is dictating the designated target of the Outer Currency Dip 1.070 is inevitable.
The price unfolds as previously forecasted. Currently we finished 5 subwaves in the upside that formed the corrective Wave A, as part of the Wave 4 from the bigger 5 Waves on the downside now. We will expect the corrective Wave 4 to continue to unfold, before we can say for sure that the Wave 5 impulse started on the downside! See the chart for a more clear...