✅ USDCAD managed to form a Falling Wedge Pattern near the 🟢Support zone(1.37 CAD_1.363 CAD)🟢 . 🔨In the past hours, USDCAD managed to break the upper line of the Falling Wedge Pattern and is currently completing a pullback to this line. 🔔I expect USDCAD to rise to at least the Resistance line and 🔴Heavy Resistance zone(1.398 CAD_1.379 CAD)🔴 after...
The following are my Conclusions on DXY: Monthly Perspective - DXY is Bullish - DXY is retracing Lower to continue higher - Stops below $89.5 are Safe - Logical Targets upwards are $107.38, $114.778 Weekly Perspective - DXY is Bullish - DXY is retracing Lower to continue higher - Stops below $99.5 are Safe - Logical Targets upwards are $107.38,...
Here is my latest structure analysis & key levels for EURUSD. Resistance 1: 1.0940 - 1.0965 area Resistance 2: 1.1015 - 1.0946 area Support 1: 1.0736 - 1.0775 area Support 2: 1.0658 - 1.0684 area Support 3: 1.0495 - 1.0536 area Support 4: 1.0447 - 1.0468 area Consider these structures for pullback/breakout trading next week. ❤️Please, support my work with...
Hey Traders, in the coming week we are monitoring DXY for a selling opportunity around 103.600 zone, DXY was trading in an uptrend and successfully managed to break it out. Currently is in a correction phase in which it is approaching the retrace area at 103.600 support and resistance area. Trade safe, Joe.
OANDA:AUDUSD The previous week of Aussie Dollar was Bullish: 1. Aussie bought on Sunday, closed above the previous high. 2. Retested the previous high and began to buy higher. 3. Monday closing and Tuesday opening made a higher high. 4. Aussie began to make a series of lower lows and lower highs. 5. Wednesday completed the correction and with a few...
✅USD_CAD was trading in an Uptrend but now we are seeing A bearish breakout so I think that we will see A further move down SHORT🔥 ✅Like and subscribe to never miss a new idea!✅
Hello,Traders! EUR-USD is trading in an Uptrend and the pair Is retesting a local horizontal Support level of 1.08821 From where I will be Expecting a local rebound Buy! Like, comment and subscribe to help us grow! Check out other forecasts below too!
I n the ever-evolving realm of finance, artificial intelligence (AI) is emerging as a powerful tool for investors. By leveraging AI's analytical capabilities, investors can gain insights into complex market dynamics, identify subtle patterns, and make informed trading decisions. In this article, we will delve into the intricate stages of a downtrend, applying AI...
– Previous Daily candle closed weak Bullish around 1993.000 forming weak Daily Support around 1989.800. – Buys on close above 1996.500 targeting 1h Strong Resistance around 2002.000, Leaving Runners to the Daily Resistance formed on 30th October 2023 around 2006.100. – Sells on close below 1989.800 targeting 4h Support formed around 1985.200, Leaving Runners to...
Exactly 1 month ago we made a bearish call on the U.S. Dollar Index (DXY) after the 1D RSI printed a series of Lower Highs, showcasing a Bearish Divergence: Target 1 (103.650) has been hit as the price touched the Pivot trend-line of the 11 month Megaphone pattern. We are moving Target 2 higher at 102.500, which is still near the 3.0 Fibonacci extension (the...
Here is my latest structure analysis for USDCAD. Vertical Structures Vertical Support 1: Rising trend line Vertical Support 2: Rising trend line Horizontal Structures Support 1: 1.3630 - 1.3655 area Support 2: 1.3567 - 1.3610 area Resistance 1: 1.3808 - 1.3854 area Resistance 2: 1.3875 - 1.3900 area Consider these structures for pullback/breakout...
✅DXY has been falling for a While now but has almost Reached a horizontal support Level of 103.00 and as it is Oversold at the moment I will be expecting A local move up LONG🚀 ✅Like and subscribe to never miss a new idea!✅
– Previous Daily candle closed Bearish around 1989.900 forming Daily Resistance at 1998.600 as price failed to break above Weekly Resistance formed on 30th October 2023. – Buys on close above 1922.800 targeting Daily Resistance around 1998.600, Leaving Runners to the 1h Resistance formed around 2003.800. – Sells on close below 1985.400 targeting 4h previous...
The dollar index has been in a downward trend for a long time and has reached its important support. There are two important resistances ahead that, in my opinion, it can break through and go up to fill its GAP.
The dollar index has experienced a rebound, surpassing the 103.00 threshold. When examining currency pairs such as GBPUSD, AUDUSD, and EURUSD, it becomes evident that there is further potential for movement within the frameworks we are monitoring. This suggests the likelihood of DXY breaching the 103.000 support level, setting the stage for extended targets in the...
USDCHF violated a key daily horizontal demand zone. The market is trading below the broken structure for several days. Analysing key levels, the next strong support that I see is 0.878. It will most likely be the next goal for the sellers. ❤️Please, support my work with like, thank you!❤️
– Previous Daily candle closed strong Bullish around 1998.700 forming strong Daily Support around 1977.600. – Buys on close above 2005.500 targeting 4h Resistance formed on 16th May 2023 around 2012.300, Leaving Runners to the Weekly Resistance formed around 2017.300. – Sells on close below 1996.000 targeting 4h previous Resistance around 1991.900, Leaving Runners...
Expecting a pull back on this initial touch of 105.8 Ideal scenario is that DXY breaks 106 late in the year to peak around $110. This would support alternative market scenarios. B, HF