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...
📈 XAUUSD: Navigating the Golden Waves with Elliott Wave Precision! 🌊📉✨ Embark on a journey through the waves of gold as we delve into the intricate world of Elliott Wave Analysis. Unveiling the short-term tapestry of XAUUSD, we decipher the market's language to uncover potential bearish movements and strategic entry points. Explore the dance of patterns that...
As I delve into the intricacies of the EURUSD chart on the H4 timeframe, my Elliot Wave analysis reveals a potentially significant development in the wave structure. It appears that the currency pair has completed a notable impulsive upward movement, marking the termination of the fifth wave. This culmination is accompanied by a subtle yet discernible divergence...
Upon a detailed analysis of the GBPUSD chart on the 1-hour timeframe, a compelling opportunity for a buy position comes into view. The price action suggests the completion of a corrective wave, possibly marking the end of a downward movement within an Elliot Wave structure. Zooming in on the H1 chart, the emergence of what seems to be the beginning of an...
– 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!❤️
✅USD_CHF broke the key Horizontal level of 0.8906 Which is now a resistance And is going down again So we are bearish biased And we will be expecting A further move down SHORT🔥 ✅Like and subscribe to never miss a new idea!✅
– 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...