DXY Downtrend The 6 month candle chart suggests we could be in for at least two red quarters which would suggesting positive markets..... which seems contradictory to the current sentiment BUT not the current charts (S&P, NASDAQ,etc). The weekly chart currently shows the critical resistance at $1.00 and we appear to be heading straight for it. I genuinely...
the Commission approved the listing and trading of a number of spot bitcoin exchange-traded product (ETP) shares. That will lead new traders to put their money longing btc , so that will create a good liquidity to whales to sell at 47k - 50k levels , and that's really what happened do not get suprised by seeing btc's price range between 20k - 30k
Here is my latest structure analysis for EURUSD. Support 1: 1.0876 - 1.0895 area Support 2: 1.0723 - 1.0760 area Resistance 1: 1.0974 - 1.1000 area Resistance 2: 1.1106 - 1.1140 area Consider these structures for pullback/breakout trading next week. ❤️Please, support my work with like, thank you!❤️
Hey everyone! Let's dive into what's going on with gold after the CPI news. We saw a spike, followed by a channel formation. But after losing channel support, I'm expecting gold to enter a trading range, starting with the first pullback post-spike. Notice how gold experienced three bearish pushes, each weaker and shallower than the last, barely breaking the...
The potential for a stronger dollar looms ahead, driven by the robustness of the US economy, which enables Federal Reserve officials to pursue a more gradual reduction in interest rates compared to other major central banks. Despite the Federal Reserve's assertive approach to raising interest rates, the US economy has demonstrated resilience, with inflation...
Buying Gold due to the failed close below 2016. I predicted 2012 last week, but to see this I'd anticipate good confirmation. This has not happened yet, CPI has dropped gold over 150 pips, now im expecting a clear push back to 2025+ area. Ive entered at 2016.54, targeting 2029.54 and my stop is set at 2013.54. Gives me a 1:4.33 R/R 1%Risk Entered at the low end...
We have an incomplete bullish flag pattern since the past 2 weeks, another flag pattern formed this week, showing bullish possibility. I expect price to test the support zone and the 50EMA and then move bullish to 1.27710 as our take profit zone.
– Previous Daily candle closed Bullish around 2029.000 forming Daily Support around 2024.300 within Daily recent range and leaving 110 pip Rejection wick to the downside. – Buys on close above 2036.000 targeting previous Daily Support formed on 4th January 2024 around 2041.400, Leaving Runners to the 4h Strong Resistance formed on 4th January aswell around...
In tomorrow's trading session, the spotlight is on XAUUSD as we consider a selling opportunity around the 2043 zone. To form a nuanced view, it's imperative to juxtapose the recent Consumer Price Index (CPI) data with preceding figures. The CPI figures from today—3.4% actual, 3.2% forecast, and 3.1% previous—demonstrate a slight uptick, indicating inflationary...
✅EUR_USD is trading along the rising support line And as the pair is going up now After the retest of the line I am expecting the price to keep growing To retest the supply levels above at 1.1021 LONG🚀 ✅Like and subscribe to never miss a new idea!✅
Hello ladies and gentlemen! I bring to your attention my very global view of the US dollar solely from the point of view of technical analysis, namely the Elliot wave theory. The graph shows the projection of the missing waves in the impulse of the supercycle - I-II-III-IV-V, the impulse is fully completed and ended back in 1985. In my opinion, from the point of...
In today's trading session, our attention is focused on EURUSD, with a keen eye on a potential selling opportunity around the 1.09700 zone. After breaking out of its uptrend, the pair is currently in a correction phase, edging closer to the retrace area at the 1.09700 support and resistance zone. Adding a fundamental layer to our analysis, the recent Consumer...
Looking for GU to Pop up during this session and make a high for the week. Taking out the old highs. This would be a great opportunity for a sell. Monitoring the Order Flow to see if price continues to support the idea.
Have you seen that major resistance on AUDNZD. After its test, the price formed a double top pattern and was strong rejected. We can anticipate a retracement from the underlined area at least to 1.073 level. ❤️Please, support my work with like, thank you!❤️
– Previous Daily candle closed Bearish around 2024.200 forming Daily Resistance around 2030.100 as price rejects previous Daily Support formed on Thursday last week (04.01.2024). – Buys on close above 2030.100 targeting 4h Resistance around 2036.000, Leaving Runners to the previous Daily Support formed on 4th January 2024 around 2041.300. – Sells on close below...
Hello,Traders! DXY is trading below The horizontal resistance Level of 102.916 and The index failed to break It so I will be expecting A local move down Sell! Like, comment and subscribe to help us grow! Check out other forecasts below too!
Hello friends, I hope you are doing well, let's go to the popular currency pair EURUSD. In EURUSD, the selling pressure seems to be more, we can understand this from the powerful candles, broken trends. For this reason, short positions have a higher winning percentage. By reaching the supply area (1.1015), we can enter a sell position with confirmation until the...
USDCAD is approaching an important confluence zone based on a daily horizontal resistance and a falling trend line. Testing the underlined area, the price was heavily rejected from that on a 4H and formed a doji candle then. I expect a bearish movement now. Goals: 1.3350 / 1.3325 ❤️Please, support my work with like, thank you!❤️