Same bearish pattern EURUSD formed last week is what is repeating itself this week, after a retest I am expecting a retrace to the 50EMA and the resistance zone and then sell to our 800EMA which is at 1.08330.
Hey Trader, Check this analysis out on USDCHF After the FOMC data that simply put Dollar in a more stable state, USDCHF has successfully retested the previously broken Resistance zone (supply) and is moving toward the upside. Keep a close tab on this one.
– Wednesday Daily candle closed small Bullish rejecting 2055 level where Daily Resistance has been formed on Tuesday 16th January 2024. Despite Daily candle closing weak Bullish there is still a probability for price to fill the rejection and retest Daily Resistance if new Daily candle holds support above 2030s. I’ll be looking for potential Buys above 2044.900...
Today, we are expecting FED interest rate decision and FED press conference. In this video, I share a detailed technical outlook and potential scenarios for Dollar Index. Watch carefully, because it will help you to prepare for the coming news. ❤️Please, support my work with like, thank you!❤️
HELLO TRADERS. As I can see DXY on smaller TF creating H & S pattern we are looking for it to test the downtrend line once in 2024 and then all the way down its just a trade idea has a look on our previous analysis share Ur thoughts with us, we appreciate Ur love and comments. Stay Tuned for more updates!
The DXY has demonstrated a notable rally on the 1-day (1D) time frame, exhibiting distinct range-bound price action as it operates within a previously established weekly distribution level. The absence of a discernible trend is evident, with the market remaining in a sideways movement for an extended period. With high-impact news events scheduled for later today,...
USDCAD have the weekly and daily timeframe showing on how bearish it is, I want price to retrace to where the 200 and 50 exponential moving averages are for more sells to the recent four hour low.
EURUSD may retrace from a key daily structure support. After its test, the price broke and closed above a resistance line of a falling wedge pattern on a 4H time frame. It feels like the price may bounce ahead of FED rate decision tonight. ❤️Please, support my work with like, thank you!❤️
I see multiple bearish clues on USDCAD. The pair is trading in a bearish trend, lower highs are respecting a falling trend line. After its last test, the price formed a double top formation, and violated both its neckline and a support line of a rising wedge. These bearish signals indicate that the market may return to a bearish trend. I expect a bearish...
– Tuesday Daily candle retested strong Key Level of 2050s exactly as mentioned on the previous analysis posted for Tuesday, Daily has rejected that level and closed small Bullish. I’ll be looking for potential Buys above 2039.500 targeting recent Hourly Resistance (2046.700) and Daily Resistance formed on 16th January 2024. I’ll be looking for potential Sells...
Hey traders, the FX Professor here, addressing the buzz: Why the silence on the dollar? Let's dive into the dollar index's sideways dance, a chart that speaks volumes! Our journey has been stellar, riding the long wave from the year 2020, then nailing the short with the iconic 'I scream, you scream, and Joe Biden short' in October 2022. Currently, we're in a...
This looks to be bearish structure. Wanted to check against the community to ask for other opinions. Trend lines are valid. Little more pump before the DXY drops off into the Low 80s? Rsi indicated another pump to the top of the wedge, but I could see it falling through after that. Comment! Not financial Advice. I am a hobbyist.
It's so obvious from what we have on the higher TF (H4 specifically) that we haven't had a change in the market structure being built up until now. We've been moving in a continuous downtrend characterized by the numerous lower lows and lower highs built... It is therefore only wise to look out for sell opportunities in the USDCAD market for the next 2 to 3 days...
– Previous Daily candle closed Bullish around 2032.600 above recent Daily Resistance, forming new Daily Support around 2018.600. – Buys on close above 2037.200 targeting 4h previous Support formed on 12th January 2024 around 2044.200, Leaving Runners to the 1h Resistance formed on 16th January 2024 around 2051.200. – Sells on close below 2024.800 targeting Daily...
A new week ahead with NFp economic data to wrap things up so excited for whats to come. 0:0 Monthly timeframe 2:40 Weekly timeframe 5:47 Daily timeframe 8:20 4Hr timeframe We can observe the bearish pressure on Eu across the past 3-4 weeks and the start of the new year 2024. The bearish momentum began with the weekly engulfing candle of the first week of the year.
On my view, its a bear turn at top and can make a major trend reversal at top. Risk reward is not so good, but probability is so nice. Trade safe. Good luck.
By examining the 4-hour chart, we can see the liquidity formed above the current price and below the bearish order block. So we can expect the price rise to collect the liquidity and start the bearish move from the order block to the liquidity void. 💡Wait for the update! 🗓️29/01/2024 🔎 DYOR 💌It is my honor to share your comments with me💌
– Previous Weekly candle closed small Bearish around 2018.600, Friday Daily candle closed weak Bearish forming Daily Resistance around 2021.100 as price ranging on the 4h and the Daily timeframe. – Buys on close above 2024.700 targeting Strong Daily Resistance formed on 24th January 2024 around 2029.800, Leaving Runners to the 4h Resistance formed around...