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!❤️
– Previous Daily candle closed Bearish around 2031.700 forming Daily Resistance around 2040.400. – Buys on close above 2038.100 targeting 1h Resistance formed around 2042.800, Leaving Runners to the 30min Resistance formed around 2050.300. – Sells on close below 2029.700 targeting 4h Support formed around 2024.100, Leaving Runners to the Daily Support formed...
GBPUSD formed an inverted head and shoulders pattern on a solid horizontal support. Its neckline breakout - hourly candle close above 1.2683 - will give us a strong bullish confirmation. A bullish continuation will be anticipated to 1.2714 / 1.274 ❤️Please, support my work with like, thank you!❤️
USD/CHF is rising towards a pullback resistance and could potentially reverse off this level to drop lower. Sell entry is at 0.87101 which is a pullback resistance. Stop loss is at 0.87920 which is a level that sits above a pullback resistance and the 78.6% Fibonacci retracement level. Take profit is at 0.86303 which is a pullback support level. High Risk...
USD/CHF is rising towards a pullback resistance and could potentially reverse off this level to drop lower towards our take profit target. Entry: 0.86380 Why we like it: There is a pullback resistance that aligns with the 23.6% Fibonacci retracement level Stop Loss: 0.87111 Why we like it: There is a pullback resistance that sits above the 50.0% Fibonacci...
AUDUSD is unstoppable. The market violated one more horizontal resistance. Next goal for buyers is 0.68 structure. ❤️Please, support my work with like, thank you!❤️
I see very much potential warning alert signal of 4 major currencies of the world. 4 major currencies that I am concerning are Dollar Japanese yen Euro & British Pound. I was seeing major upgrade of dollar index and stronger dollar but after I hearing Fed's seminar last week and analyzed quadrople charts of yen euro dollar gbp and my decision to made to short...
– Previous Daily candle closed strong Bullish around 2040.100 above Daily Resistance formed on Friday 15th December 2023. – Buys on close above 2044.500 targeting 30min Resistance formed on 4th December 2023 around 2050.500, Leaving Runners to the 1h previous Rejection formed on 4th December 2023 around 2057.800 – Sells on close below 2036.700 targeting 30min...
After the highest OANDA:XAUUSD breakout , the crisis, the wars right now and christmas those all factors will push gold's price up
Our attention is centered on XAUUSD, as we actively monitor a potential buying opportunity around the 2037 zone. Gold, represented by XAUUSD, recently broke free from a downtrend, signaling a significant shift in market dynamics. Presently in a correction phase, the precious metal is steadily approaching the retrace area at the critical 2037 support and resistance...
Price is failing the test of the broken support. It may try another test, that would an opportunity to add to my short position. SL triggers if daily candle break through the resistance and confirms the break. Otherwise I hold.
After a massive selloff, Dollar Index retraced to a key horizontal resistance. We can see that the market is currently consolidating within the underlined blue area. To short the market with a confirmation, let the price break the support of the range. 4H candle close below 102.37 will confirm the violation. A bearish continuation will be anticipated at least...
In recent weeks, we have witnessed a significant drop in the value of the US dollar, primarily driven by the Federal Reserve's unexpected pivot towards lower interest rates and the simultaneous decline in inflation levels. This alarming trend has raised concerns among market participants and calls for a proactive response. The Federal Reserve's decision to lower...
– Previous Daily candle closed Bullish around 2027.300, forming Daily Support around 2019.600 as price almost retest recent Daily Resistance formed on Friday last week. – Buys on close above 2033.800 targeting 4h Resistance formed around 2042.800, Leaving Runners to the 15min Resistance formed around 2048.000. – Sells on close below 2017.500 targeting previous 4h...