🏛ETH_USD bounced off a strong support
And I am expecting a further move up soon
However, locally, the pair has reached a resistance cluster
And I think that we can expect a local move down
SHORT🔥
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🏛AUD_JPY broke a resistance level
And has retested it successfully
Now, I am expecting bullish continuation
With the target being the local resistance
LONG🔥
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The dollar was choppy today and started the day lower but remains sub 92.00, whilst holding above the 91.60 support level in wake of a weak initial jobless claims print yet again this week at 411k, a similar pace to last week. CAD was a underperformer despite a partial recovery in Canadian manufacturing sales and failed to benefit from a later recovery bid in oil...
🏛USD_CAD hit the falling resistance
And made a correction, that stopped at a key level
Now, the pair broke the local falling resistance
And is ready to go up, thus I am expecting it to retest
The resistance above
LONG🚀
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Hello, my fellow traders hope you all are making some profits. We are here with our new analysis so that we can increase those profits for you. Let’s get into it.
As we can see, the price given a breakout and done its retest.
Let us know your views on this in the comment section. Thank you all.
There is good news for our followers. We will be analyzing...
Hello traders, At 1 hour timeframe, the dollar index, as I said yesterday, started wave b, and now we are inside wave b of the main wave b, which probably comes back from this range.
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Morning guys,
XAUUSD has been consolidating around since the metal dropped on the 17th of June to around 1770 with lows of 1760. The metals bearish outlook stabilised since then and we've been patiently waiting for the bulls to push 1800. Whilst we've been waiting, opportunities to ride the consolidation up and down have opened and these have been pretty solid as...
Hello,Traders!
GBP-USD has reached a horizontal key level
And it is also trading in a bear narrowing wedge
These two factors make me bearish on the pair
And I am expecting a move down
Towards the potential pullback level
Buy!
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See other ideas below too!
Dollar Index
A third-wave decline might be at the early stages
It seems like a wave (2) might have been in place, so we could be at the beginning of wave (3). If correct, the market should break the low of wave (1) in the weeks to come. At the same time, we can’t rule out that wave (2) might be a little bit longer, possible as a flat pattern.
We will...
🏛GBP_USD is trading in an ascending narrowing wedge
Which is a bearish pattern
While having reached a horizontal resistance
Which means that IF we see a breakout of the wedge
A bearish move will follow
And thus we will be able to short on pullback
SHORT🔥
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🏛GBP_AUD fist hit the resistance confluence
Of the horizontal and rising resistance lines
Which made us bearish biased
And now the pair broke the local rising support
And is retesting it right now
I am expecting a correction and move down
With the first target being the local support blow
Although the pair might fall...
fibo 161% 88 is seller target , if dxy can break 2 trend,will see 88 ,so put sellstop in low with sl=high is good idea (break high mean new + up trend)
be inform these days eurusd move DXY
we belive dxy will see 80 soon or late (long term target)
Hello traders, As you can see in the chart, a diagonal triangle is formed in wave a, and now we have to wait for wave b, wave b must eventually move to Fibonacci 0.618, ie the price of 92.069.
If above this range, the counting price should return to the previous analysis scenario, but this scenario has a 90% probability.
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Wave 3 - Chapter I
Introduction and general comments
After clearing ECB & FED it is well known that hikes are cooking very creditably and the monetary side appears to be quite helpless in the endgame. The most well-handled analogy from poker is "checking the turn", both Powell and Lagarde showcased the ability to play this with skill. It may be in the nature...
Fundamental bias: Neutral
USD/CAD has witnessed a classic short squeeze. Like fellow commodity currencies, the toxic cocktail of Fed hawkishness and Chinese commodity intervention has taken its toll on heavily-backed trades. Yet it looks like the BoC will be well ahead of the Fed in tightening policy and now that the majority of the correction is over,...
We will talk a bit about an index that has existed for a long time, yet many traders do not know or use it. With this, we do not mean that it is 100% necessary, but it is good to consider certain situations. This post aims to give a theoretical development and then the technical vision of the graph in different temporalities.
🔸First of all, let's talk a little...
Hello Traders Investors And Community,
Welcome to this analysis about EURUSD, we are looking at the weekly timeframe perspectives. The pair recently already showed up with initial bearish volatility on the local perspective that should not be underestimated. Besides that as I discovered now EURUSD on the more global weekly timeframe perspectives has established...
