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!❤️
Another stop out. Inverse H&S so we were anticipating the uptrend. Watch and wait.
We got to 50% of our aim, with SL moved into profits we should have been stopped out earlier than when it went for our initial SL. Here we now wait and watch. 37500, important price level
– Previous Daily candle closed weak Bullish around 2030.000 forming weak Daily Support around 2027.900 as price still consolidating on the lower timeframe. – Buys on close above 2038.700 targeting Daily Resistance formed this Monday around 2045.900, Leaving Runners to the 4h previous Support formed on 25th December 2023 around 2053.000. – Sells on close below...
The U.S. data points of the week will be the December consumer price index report on Thursday and the December producer price index report on Friday. U.S. inflation has cooled in recent months, which has allowed the Federal Reserve to back off on its tighter monetary policy. The CPI report is seen up 3.3%, year-on-year versus a rise of 3.1% in the November report.
Even though GBPUSD is trading in a bullish trend since October, the pair is in a deep consolidation, the last 3 weeks. The pair is currently stuck within a horizontal range on a daily. Depending on the reaction of the price to its boundaries, I see 2 potential scenarios. Bullish Scenario If the price breaks and closes above 1.283, we can anticipate a movement...
Beautiful entry and the timing is perfect. Stay watching 144.00. - break and close above will see impulses up to test previous highs - bounce and close will see the melt continue
– Previous Daily candle closed Bearish around 2028 forming Daily Resistance around 2045.800. – Buys on close above 2034.500 targeting previous 4h Support formed around 2039.000, Leaving Runners to the Daily Resistance formed around 2045.800. – Sells on close below 2025.500 targeting 4h Support formed around 2019.000, Leaving Runners to the 15min Support formed on...
There is potential for a Bearish Gartley pattern. DXY Up, BTC Down. ..................................................................................................................... We are not registered or licensed in any jurisdiction whatsoever to provide investing advice or anything of an advisory or consultancy nature. and are therefore are unqualified to...
Dollar has shown a great volatility in terms of sharp and strong movements in the last few years, this instrument defiantly have a lot to prove to us before we change our long term view from Bearish to Bullish. Primary Count : Tracking the move from Jul 23 as an incomplete correction, missing one more leg higher towards the 108.28-110.36 area before the next...
In today's trading session, our attention is directed towards XAUUSD, where we're eyeing a buying opportunity around the 2008 zone. Gold, emblematic of a broader uptrend, currently finds itself in a correction phase, steadily approaching the key trend at the 2008 support and resistance area. This technical perspective serves as our initial guide. Diving into the...
EURUSD / 1D Hello Traders, welcome back to another market breakdown. EURUSD has been trading in a trading range, the price keeps making new highs, and lower highs which is a sign of a bullish trend for now. However, the price also rejected strongly the high of the range which is a first signal for the bulls to get out. The first reversal should be minor, so...
Following last week's release of stronger-than-expected economic data, investors are recalibrating their expectations concerning aggressive Federal Reserve (Fed) rate cuts. The market sentiment is shifting, with investors scaling back their anticipation of imminent rate cuts. This change in perception is amplified by the surge in bond yields, indicating a rising...
Is it possible for the stock market to repeat itself? After the stronger-than-expected NFP last week investors are repricing the aggressive FED rate cuts expected for 2024. This was immediately affected in the stock market as the main indexes dropped and the dollar managed to recover some ground. The month of January is generally weak for the index as the...
– Previous Weekly candle closed Bearish around 2045.700 forming Weekly Resistance around 2063.000, Friday Daily candle closed Doji Bullish forming huge Rejection to the Upside and the Downside – Buys on close above 2048.600 targeting 1h Resistance around 2055.000, Leaving Runners to the 15min Resistance around 2061.100. – Sells on close below 2037.700 targeting...
DXY / 1D Hello Traders, welcome back to another market breakdown. DXY has been trading in a trading range, the price keeps making new lows for now, and lower highs which is a signs of a bearish trend for now. The price is around the previous S/R level where bears might show up again. I'll be looking for some confirmation on lower time frame to the down...
Our focus pivots to the US Dollar Index (DXY), where we are actively evaluating a potential selling opportunity around the 105.900 zone.