If this area holds, bouncing from the 200MA and Fibonacci level we could see see a second leg of strength for the dollar. As we know, during uncertain times, crisis' and recessions - the dollar rules king. If the Covid-19 panic selling continues it would support this analysis and strengthen the dollar. We are also seeing many correlations across the board for...
Hi there. Price is forming a continuation pattern to the upside. Wait for the price to complete the pattern and watch strong price action for buy.
Im just amazed at the speed and volume trading volumes have move in , over essentially the last month Please note 20 MA applies (Yellow). Its still too early to figure your getting a ferrari off this setup but lets watch and wait for this to play out ..
DAILY CHART EXPLANATION: 🔸 Price has been on a downtrend after bouncing at the Resistance Zone near the 100 level. . 🔸 It is now facing the Ascending Trendline. . 🔸 If this trendline is broken, then price has potential to reach the Support Zone at 96.00, and, if that Support Zone is broken, then the next target is the Support at 93.75. . 🔸 Will look for a lower...
4H CHART EXPLANATION: Price in on a clear uptrend, and now it has broken the top of the Ascending Channel. This is a clear bullish signal, so, we consider it has potential to reach the Resistance Zone. Will look for a lower timeframe bullish opportunity. DAILY CHART ANALYSIS:
looking to Short dollar at a daily supply during fomc press conference in 30 mins
The price bounced from the Support/Resistance Zone after the pullback and can fall down again. This is not strong zone but it there is some price reaction on lower timeframe. Push like if you think this is a useful idea! Before to trade my ideas make your own analyze. Write your comments and questions here! Thanks for your support!
4H CHART EXPLANATION: Price has been on a bullish trend for a few months. Right now is facing a confluence zone between the Daily Descending Trendline and the Resistance Zone, so, we consider that it could be a bearish movement here. Also, the Ascending Trendline has been broken, and if price consolidates below, it is a strong signal for the downside move. ...
4H CHART EXPLANATION: We observe that price is bouncing at the Support Zone that has been tested multiple times. If the Descending Trendline is broken, we wil consider it as the bullish confirmation and there will look for long setups. DAILY CHART EXPLANATION:
Hi there. Price is forming a continuation pattern to the downside. Wait for the price to complete the pattern and watch strong price action for sell.
Hi there. Price is forming a continuation pattern to the downside. Wait for the price to complete the pattern and watch strong price action for sell.
The US Dollar Index $DXY finds itself in a bullish channel similar to gold on the daily chart, watch for breakout(s) going into the weekend! All trading involves risk. Use proper MM when trading currency markets.
CHART EXPLANATION: We observe that price broke the Ascending Trendline and did a strong bearish movement towards the Support Zone. However, it could not break it and did a double bottom pattern, breaking the Descending Trendline. Now we are waiting a movement to the Resistance Zone at 98.30, and, if the zone is broken then it could go to the Resistance Zone at...
We are a moving motivational identify the we . and we process up trend evaluation too. God Bless U Our Telegram Channel : t.me Instagram Address: @TOPCHARTIR_FOREX Facebook page address : topchartir
DAILY CHART EXPLANATION: On this timeframe, we observe that the Dollar Index has been on a bullish movement since March '18. However, the last year, the bullish momentum started getting weaker forming a secondary wedge pattern below the Broken Main Wedge. It has bounced at the Top of the Wedge Pattern and at this moment price is breaking down the pattern. If it...
Dollar comes to demand, will be short opportunity for commodities and pair against dollar ________________________________________________________________________________________ Golden Trading Rules: Markets are never wrong – opinions often are ________________________________________________________________________________________ I'll be happy to read...
4H CHART EXPLANATION: The Ascending Trendline has been broken after the failed breakout of the Daily Triangle. As we explained on the Daily Chart below, the targets are the Bottom of the Triangle and the Support Zone at 12000, however, we need to be careful with the middle support zone at 13350. DAILY CHART: