– Previous Daily candle closed Bearish around 1981.700 retesting Daily Support formed on 21st November 2023. – Buys on close above 1984.500 targeting previous Daily Support formed on 23rd November 2023 around 1989.700, Leaving Runners to the 4h Resistance formed around 1994.300. – Sells on close below 1976.000 targeting 4h previous Resistance formed on 15th...
#GOLD & #SILVER are still selling off since we made the call, very close to top. CRYPTOCAP:BTC is suffering its biggest drop since august of 2023. The US #Dollar really looks like it settled at the 102 area. Not a normal area to find support but it can happen. TVC:DXY seems as if it wants to conceivably push higher from here. AMEX:GLD AMEX:SLV CRYPTOCAP:BTC
I believe we've broken out of the 4HR descending retracement and showing clear bullish signals. We have general GBP strength, only thing capping this is DXY looking ok today too, however I think we'll get to the 104.3 ceiling area and am expecting a continuation back down. We have a breakout and currently retesting, so looking for a long. Initial target will be...
USDCHF reached an important confluence zone last week. We see a nice intersection between a daily horizontal support and a lower boundary of a falling parallel channel on a daily. Analyzing 12H time frame, we can spot an inverted head and shoulders formation. The neckline of the pattern was broken with a high momentum bullish candle on Friday. It confirms...
DXY D1 Riding the waves of the recent dollar sell-off with style!Currently, we're witnessing a sweet relief rally, flirting with the impressive 104.000 mark and teasing to go even further🚀 Mondays are notoriously chill on the economic data front, and today is no exception. Brace yourself for the excitement, though – tomorrow promises to be the real showstopper!...
DXY is struggling with resistance under middle line of the channel. 104.10-104.20 zone is heavy and seems no chance to goes above that at this time. Trade safe. Good luck.
✅USD_JPY fell down sharply But then the pair has hit a Horizontal support level of 144.400 From where I think we will see A local bullish correction because The pair is already oversold LONG🚀 ✅Like and subscribe to never miss a new idea!✅
– Previous Weekly candle closed strong Bearish around 2004.300 forming strong Weekly Resistance formed around 2072.000 leaving a Weekly Rejection around 2149.200, Friday Daily candle also closed Bearish forming new Daily Resistance around 2028.700. – Sells on close below 1995.000 targeting Daily Support formed on 23rd November 2023 around 1989.500, Leaving Runners...
Scaling into 1H timeframes for possible intra-day trades for Monday - Tuesday... We've been in a healthy uptrend creating Higher Highs and Higher Lows. No signs or breaks of structure to switch sides and look for sells. 2 areas i'm looking for potential entries on correlating pairs such as GBPUSD & EURUSD
There is some reasons that I think Nasdaq is going to experience a fall in near future: 1) The federal reserve still wants to keep interest rates higher for longer. 2) These prices for stocks it means the market think the fed is going to decline interest rates for 1.25% in December 2024! 3) Retail investors buy 7 billion Dollar of stocks, but Banks just buy...
The area between 22.20$ - 23.30$ is a great area for mid term buyers. Silver now is half price of its high peak (48$), so I will personally invest on it for long term. I recommend buy silver in these prices step by step and hold it for at least 3 mounths.
DXY have to breaks the 104.350 to secure its trend, unless it will drops to the first resistance area which is 103. So, wait till DXY show you its trend.
Value area for gold is between 1970$ - 1980$. We must wait until the price drops to that area. I recommend do not trade here and wait.
Here is my latest structure analysis & important key levels to watch on EURUSD. Resistance 1: 1.0824 - 1.0848 area Resistance 2: 1.1016 - 1.1065 area Resistance 3: 1.1130 - 1.1150 area Support 1: 1.0729 - 1.0761 area Support 2: 1.0656 - 1.0670 area Support 3: 1.0495 - 1.0536 area Support 4: 1.0447 - 1.0468 area Consider these structures for pullback/breakout...
✅DXY is going up now But a strong horizontal Resistance is ahead at 104.600 From where I will be expecting A local bearish correction SHORT🔥 ✅Like and subscribe to never miss a new idea!✅
So we have a bat that takes gold up to retest the trendline, then down to to 1930. This is what will happen, I'm very sure of it. There is a very large bat that takes us down to 1888 but we don't need to worry about that for now. Posted on 9 December 2023
USDCAD closed, testing a solid horizontal daily supply zone. Analyzing a 4H time frame, I spotted a potential head and shoulders pattern on that. To short the pair with a confirmation next week, pay close attention to the neckline of the pattern. If the price breaks and closes below 1.3548, we can anticipate a bearish movement to 1.35 Alternatively, a...
Hey Traders, in the coming week we are monitoring DXY for a buying opportunity around 103.800 zone, DXY is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 103.800 support and resistance area. Trade safe, Joe.