Bearish Indications
1. Lower Highs and Lows
2. CXY is bearish & SXY is bullish in 2H TF
3. No Divergence
4. Shooting Star at LH
5. Trend line not broken
Bearish Indications
1. Trend is Mature Enough
2. On Larger TF it almost completes Bullish ABCD Pattern
Indices on 2H TF
DXY => Bearish
JXY => Bullish
ZXY => Bullish
AXY => Bullish
EXY => Bullish
CXY =>...
CXY weekly approaching resistance. We get a clear bounce it looks like EURCAD and AUCAD are great long term buys as both pairs are nearing support with potential bounce. Please share your thoughts and feedback on these scenarios that we could likely see play out this week
CXY is approaching our first resistance at 6.9990 (horizontal overlap resistance, 78.6% Fibonacci retracement, 100%, 61.8% Fibonacci extension) where a strong drop might occur below this level pushing price down to our major support at 6.9634 (38.2% Fibonacci retracement, 61.8% Fibonacci extension, horizontal swing low support).
Stochastic is also approaching...
CXY is approaching our first resistance at 7.0544 (horizontal overlap resistance, 61.8% Fibonacci retracement, 100% Fibonacci extension) where a strong drop might occur below this level pushing price down to our major support at 6.9899 (50% Fibonacci retracement, horizontal overlap support).
Stochastic is also approaching resistance where we might see a...
CXY is approaching our first resistance at 7.0544 (horizontal overlap resistance, 61.8% Fibonacci retracement, 100% Fibonacci extension) where a strong drop might occur below this level pushing price down to our major support at 6.9899 (50% Fibonacci retracement, horizontal overlap support).
Stochastic is also approaching resistance where we might see a...
