■Outlook for DXY on 1W chart. We are in sub-wave iii of the upper degree wave C. The sub-waves of wave iii will form a 5-wave impulse. If the assumptions of this scenario are correct, the sub-wave (3) of wave iii should start soon.
■Outlook for the EURUSD 1W chart. Currently, we are in sub-wave ⅱ of wave (ⅲ). Sub-wave ⅱ is expected to complete soon. After that, sub-wave ⅲ will start. It is anticipated that sub-wave ⅲ will form a five-wave impulse. If the assumptions of this scenario are correct, sub-wave ⅲ is likely to break through several channel lines and resistance lines, and I...
My view on the dollar is relevant to all major pairs I trade, including GOLD, GBPUSD (GU), and EURUSD (EU). This week, we are approaching a strong high point with a previous Wyckoff distribution on a higher timeframe, now entering a significant supply level on the 9-hour chart. I anticipate a reaction at this level followed by a temporary decline in the dollar. I...
To make them sound smart. So people watch and they sell advertising. But they are literally clueless teleprompter readers. We are suppose to believe that strong gold means weak dollar. ChART says otherwise. I myself got fooled by we should be on the gold standard "which we kind of are" if you understand what is going on behind the scenes... Gold and...
Using momentum indicators (keltner channel) I've been watching this weekly rally and recent correction. Using the close, and the last wave, oil price could climb to astronomical levels in USD. There is a momentum shift of the correction, and the bull market for oil appears to be underway. At this pace, 200 by june is not far fetched. I expect the Dollar to lose...
Within the next few quarters we're likely to see some impressive fireworks in the various markets around the world as we gear up for multiple black swan events IE negative oil prices. The storm isn't over, it's just begun. 3 Month Monthly Weekly Daily
That was quite a boring week for Dollar Index. The market was stuck within a narrow horizontal range on a daily. Next week, wait for a breakout of the range. Bullish breakout of its resistance will be a strong trend following signal, while a bearish violation of its support will initiate a correctional movement on the market. Next key resistance - 106.85 Next...
I think the dollar will move in this way against the Euro in the next 4 years. Tp fields are important and can be turn zones.
DAILY Break upwards and price has been fighting to go up, yet we were stopped out. Doesn't break the plan, it is part of business expenses. 4H 154.00 was our bouncing point, it is where we get support and push upwards. 1H 154.60, we are slowing down and looking left shows us that we are in an area of sensitivity.
SCENARIO 1: EVERYTHING hinges on the carry trade. If USDJPY goes down, so will yields - making inflation higher and commodities will boom. Of course this is a mistake and Japan (and the whole world) will feel the effects off inflation here since TVC:DXY will plummet also to 97. Then when everyone blows up in the summer sparking a u-turn and the FED realizes...
The FED is either: A. Going to be hawkish and provoke a mini-meltdown before another FED speaker comes out next week and hints at rate cuts in June for sure. B. Going to be dovish Either way, USDJPY will fall to 97 area, bringing a roar of inflation back into the limelight. People will think it's the death of the dollar, but what happens here is the opposite...
DAILY Not going to lie, there's no pattern I see. Just the assumption of the one I want to see, which is not a fact so it cannot be used as a confluence. Yet we broke 152.00 which if you zoom out will confirm that we are still in a very bullish trend. Impulse, Correction, Impulse : If you zoom in. 4H We formed a bear flag and broke it impulsively, breaking at...
US30 H4 Lets not over complicate things here on US30, we are struggling to break this 37600 support price, 38,000 remains intact. Sell limit replaced here with a tighter stop than yesterday, we have a clear range offering best part of 400 points.
USDJPY D1 A little way away here, but we have a nice confluence retest zone at 152.000. Strong area of previous resistance, now acting as support (hopefully). Alongside D1 demand which was formed upon the volume witnessed when we broke out upside. Alerts set, waiting patiently.
Hello Traders ! On The Daily Time Frame, The AUDUSD Formed a Rectangle Pattern. Yesterday, The Price Broke The Support Level. This Key Level Becomes a New Resistance Level ! So, I Predict a Bearish Move 📉 TARGET: 0.63620🎯
The Fed's Higher-for-Longer Strategy: A Strong Dollar Squeezes Markets The Federal Reserve's unwavering commitment to its "higher-for-longer" interest rate policy is pushing the U.S. dollar to its limits. Chair Jerome Powell's recent pronouncements leave little doubt: rate cuts won't be coming soon. This strong dollar is creating a ripple effect across global...
Gold traders, take note: Elliott Wave analysis on XAUUSD suggests a golden LONG opportunity ahead. After completing what appears to be a corrective wave (4), gold's price action is now poised for an impulsive wave (5), traditionally the final leg in a trend's direction. The move off the recent low shows a clear reversal pattern, indicating bullish momentum that...
As I predicted, NZDUSD dropped heavily after the release of Retail Sales data on Monday. Analysing a price action today, I see that the pair became heavily oversold. The price formed a falling wedge pattern and a narrow horizontal range within. Bullish violation of the resistances of the wedge and the range indicate a highly probable coming...