As we discussed on the yesterday's live stream, Dollar Index broke and closed below a key daily structure support after a consolidation Retesting the broken support, we see a positive bearish reaction to that. It makes me think that the market will drop lower. Next support - 105.2 ❤️Please, support my work with like, thank you!❤️
🏃♂️The DXY index is moving in the Ascending Channel and seems to have broken the 🔴 Heavy Resistance zone($105.88-$104.65) 🔴, and is currently moving in a small Descending Channel and making a pullback to this zone. 🌊According to the theory of Elliott waves , it seems that the DXY index has succeeded in completing the Zigzag correction(ABC/5-3-5) inside...
Technical analysis of EURUSD ahead of important US Fundamentals. Price action, key levels analysis. Potential scenarios. Trading recommendations. ❤️Please, support my work with like, thank you!❤️
] USDCHF is trading in a strong bullish trend on a daily. The price is currently testing a key horizontal resistance. I am waiting for its breakout - a daily candle close above, to buy. Bullish violation of the underlined blue are will give us a strong bullish signal that will push the prices at least to 0.92 level ❤️Please, support my work with like, thank you!❤️
Hello folks, I am generally bearish on EURUSD at the moment, and I am still waiting for lower prices, but we could see more bullish momentum first. The logic behind this is of course to lure more bullish traders into the market, but I also do not see any significantly high impact news yet. However, if you see my other analysis, I am looking for a monthly close...
The Dollar moving really nice! Price is very close to our $108 (Wave 2) target. Using this DXY long analysis, you'd know to short the XXXUSD markets.
Traders, As stated in my video on Sunday, all charts/indexes that we have been tracking and utilizing as leads for our crypto price predictions are still right on track. A quick review (left to right) shows: - The dollar has found support and, if my overall thesis is correct, could bounce here and travel up to that 107 target before dropping from our bearish...
In Dollar terms. We have analysed the FTSE100 #UKX the GBPUSD and UK Housing on a big time frame scale before. Here we have the FTSE 100 and the UK companies which have pricing power versus #Sterling which we know is heading to sub $1 As we have expectations of the #GBPUSD to target 0.71 in a head and shoulders target close to a 50% drop from current...
Hi Traders ! On Tuesday 16 April, The USDCAD Reached The Resistance Level (1.38088 - 1.38549). The Price Formed a Head and Shoulders Pattern. Currently, The Neckline is Broken ! So, I Predict a Bearish Move 📉 TARGET: 1.36300🎯
Top-down analysis for Dollar Index. Price action after US PMI report. Important key levels. Potential scenarios. ❤️Please, support my work with like, thank you!❤️
Hi Traders ! After a Huge Bearish Move, The GBPUSD Broke The Support Level (1.24150 - 1.23740). This Key Level Becomes a New Resistance Level ! So, I Predict a Bearish Move 📉 ------------ TARGET: 1.22310🎯
I was down in Mexico over the past week and most people were commenting about how weak the dollar was against the Peso. While I was there, the dollar made a move from the low SWB:16S to $18. Most people kept saying that if it gets to $18-$20, you should sell your dollars to buy more pesos, because the dollar will decline against the peso over the long term....
Massive inverted HS building up to break out the triangle. Aussie is correlated to Gold, and the US Dollar will suffer from the monetary policies of the FED. This trade is not for everyone. If you are a day trader probably it will be frustrating for you. It could take months to play out. Open a long position and add at every pull back. We will have a fight at the...
The financial markets of 2024 have witnessed a surprising resurgence: the unwavering strength of the US dollar. After predictions of a decline at the year's outset, the greenback has defied expectations, surging over 4% according to the Bloomberg dollar index. This unexpected power play by the dollar serves as a stark wake-up call for investors around the globe,...
I anticipate the Euro, Yuan and Yen all devaluing this summer against the dollar. I think it starts off with PBOC or BOJ devaluing which will start off a firestorm first by increasing the dollar to 140-160+. I anticipate that at a minimum we'll see .75-.80. Also, the TTM Squeeze indicator is almost on every TF except monthly which will hit by this summer. That...
hello dear trader I think the dollar will continue to fall after filling the gap... there is a strong resistance zone above it... harmonic pattern and resistance zone and fibos... on the other hand, due to the high bank interest rate and the possibility of a bank collapse Again.. the soft landing will begin soon i think the yello area is the best place for open...
there is a confluence of time and fib levels, the market will fall in 1-4 weeks. what will be the narrative ? idk , there is an Elliott wave count that says this is a major yearly high, but I don't want to believe it cause that would be catastrophic for the world, I hope it's just a pullback of 10-15%.
Daily timeframe We have broken the head and shoulder pattern and we estimate the downside will be the length of the head and we should wait for price to retrace at least to 31.8% or 50% fib level which come in confluence with the broken support which will act as resistance and trendline too. Follow and comment below for more break down analysis