TVC:DXY Completely Destroyed the Major Support Level. Not sure it will be so easy to recuperate like last time. This feels and looks different. Now, unless they are forced to raise rates again, time will tell. The US #Dollar will likely break the 100 level & test 99. Positive RSI Divergence is on the rocks and that is the only decent looking thing in this...
USD/CHF is falling towards a potential breakout level and could drop lower from here. Sell entry is at 0.85295 which is a potential breakout level. Stop loss is at 0.85950 which is a level that sits above the 23.6% Fibonacci retracement and a pullback resistance. Take profit is at 0.83752 which is a swing-low support. High Risk Investment Warning Trading...
– Previous Daily candle closed Bullish around 2077.300 above Daily Resistance formed on 4th December 2023. – Buys on close above 2083.000 targeting 4h Resistance around 2084.900, Leaving Runners to the 15min Resistance formed around 2092.400. – Sells on close below 2075.400 targeting 1h previous Resistance formed around 2069.200, Leaving Runners to the 4h Support...
EU has been bullish and via my analysis price could have a target of 1.108. On a 30m fib price is currently at -27. I am looking for a slight pullback for a long entry.
After a bullish spike, I look for the formation of a channel to gauge the market's next move. It's a strategy that often reveals whether the initial surge is sustainable or just a temporary blip. In this chart, we see Gold forming an ascending channel post-spike, suggesting the uptrend may continue.
The TVC:DXY is oh so quietly testing the 100-102 area, again. The US #Dollar on a daily & weekly chart show positive divergence forming. The Dollar made history by staying above the major support, orange line, so long. Max it had traded before this was 1 month. Now remember, the more something is touched the likelier it gives way and breaks. Only delayed the...
– Previous Daily candle closed Bullish around 2067.800 almost tapping a Daily Resistance formed on 4th December 2023. – Buys on close above 2072.000 targeting 1h Rejection formed on 4th December 2023 around 2076.500, Leaving Runners to the 15min previous Support formed also on the 4th December 2023 around 2083.000. – Sells on close below 2063.500 targeting 4h...
Gold OANDA:XAUUSD just breaks SMA and EMA lines on high timeframes , that means a big mouvement is coming . Scalpers be careful ! As It shown on weekly and monthly timeframes that the yellow metals breaks his highest resistance ever and retested those previous weeks . And for now he will be looking for a new high .
Aussie Dollar is at a level I see as potential reversal. There is a 4h fib in place and price is currently sitting around the -27. Price has also been rejecting the price of 0.682. The second rejection of the price a bearish engulfing was formed. There is also divergence with price. Price is making higher highs, while the RSI is making lower highs. I am looking...
Bigger timeframe has shown us LL and LH, therefore we are sinking. We should not be looking to fight the trend but follow and capitalize. So it to be clear and straight forward we will wait for one the rectangles to be hit, retested and candlestick confirmation in the area in order to decide what we are doing. With that gap we can guarantee that the gap will...
Welcome to one of my favourite pairs. I will apologise to it for not respecting it enough and caring enough to always give her time. I would like to change that and make it better and build and do better. High = 151.943 (Has been hit 3 times, area of sensitivity) - results in dramatic drop from this point, once in OCT 2022 and twice in NOV 2022 - This should...
USD/JPY is falling towards a pullback support and could potentially bounce off this level to rise higher towards our take profit target. Entry: 141.418 Why we like it: There is a pullback support that aligns with the 61.8% Fibonacci projection level Stop Loss:140.18 Why we like it: There is a pullback support that sts under the 100.0% Fibonacci projection...
✅DXY went up to retest The broken key level Of 103.000 which is now A resistance and as the Index is in the downtrend We will be expecting a Further move down SHORT🔥 ✅Like and subscribe to never miss a new idea!✅
Betting against the dollar is growing in popularity after the Federal Reserve upended markets by signaling the end of its monetary tightening campaign. Non-commercial traders — a group that includes hedge funds, asset managers and other speculative market players — boosted their bearish bets on the greenback in the week ended Tuesday. More than 39,000 contracts...
🏃♂️The DXY index has been moving in the Descending Channel for over two months . 🌊According to Elliott's wave theory , the DXY Index is near the end of the main wave 5 . 🌊If we want to look at the microwaves of the main wave 5 in the 1-hour time frame , we will find that the DXY index is on the way to completing the microwave 5 of the main wave 5...
We can spot a flag continuation pattern to the upside. The ray lines of 1.26923 and 1.27220 are my targets for the day, but in other for that to occur, I'm waiting on a retest t the 50EMA, there's news in some minutes time, so I expect the news to take it down for retest then we buy to our targets.
– Previous Daily candle closed Bullish around 2046.100 forming new Daily Support around 2031.700. – Buys on close above 2048.000 targeting Daily Rejection formed on 28th November 2023 around 2052.100, Leaving Runners to the 4h candle open formed on 4th December 2023 around 2057.600. – Sells on close below 2039.100 targeting 4h Support formed around 2035.100,...
After a release of the U.S Initial Jobless Claims data, we see a clear sign of strength of the buyers on GBPUSD. The price formed a double bottom formation on a horizontal key structure and violated its neckline with a strong bullish imbalance. We may expect a bullish continuation now. Goals: 1.2715 / 1.2742 ❤️Please, support my work with like, thank you!❤️