From our analysis of this pair in the previous weeks, we saw a good amount of bearishness. With the close of last week, this pair witnessed a bullish reversal on the 1 hour and 4 hour timeframes, invalidating our bearish zones and PBs and going all the way into the north. Today, we are beginning to see another round of bearishness. On the 1-hour, the market has...
– Previous Daily candle closed Bearish around 1978.000 breaking below Daily Support formed on Thursday 2nd November, forming a new Daily Resistance around 1992.600. – Buys on close above 1980.500 targeting 30min Resistance formed around 1984.500, Leaving Runners to the Monthly Resistance formed in May 2023 around 1989.500. – Sells on close below 1974.900 targeting...
As we can see from the chart this pair has been in a long-term downtrend, and we're now at the top of the falling channel. We've seen support hold around 0.797 so my target will be just above this for a short position this week, a break above 0.8215 will invalidate, breaking both the channel and creating a HH, so this would suggest a potential reversal. I'm...
On the 1 hour, we have seen how the market has danced back and forth in the past few days. In our last analysis from yesterday, we noticed a strong threat by the bulls to invalidate our zone. The zone was finally invalidated and the bulls took over without giving us a chance to take the trade to the downside. Following the bullish shift, we witnessed the market...
From our previous analysis of this pair, we have been able to keep track of a lot of the market and price movements. Analyzing the markets from a 1-hour perspective over the past few days, we have witnessed a lot of back and forths, though in all of those, the market found ways to take us to our targets at each of those instances before catapulting in several...
Looking at gold I think we're seeing a classic candlestick formation, signifying continued momentum. The significant rise of gold due to risk-off geo-political factors has created the pole, profit-taking and uncertainty at these higher levels has caused a slight retracement, however the bears can't take control, which is causing the pennant (LH's with...
AUDUSD D1 AUDUSD is currently perched at the crucial 0.65 handle, with the dollar index experiencing a pronounced decline. A potential respite rally for the dollar might lead to AUDUSD rebounding from the 0.65 level and preparing for its next potential bullish phase. We've not only identified this entry opportunity but also the breakout and retest entry...
DXY D1 We've successfully breached the lower boundary of the previously anticipated support zone, as forecasted last week. There's potential for a retracement to retest the indicated price level before a further decline, aligning with the bearish sentiment on the USD, really looking to see some more dollar weakness unfold this week.
Hello traders! Enter: 1.07550 Stop loss: 1.07800 Target: 1.05400 Be careful with the positions! War is unpredictable! Wait to enter the trade! Be careful! Don`t forget to look at the economic calendar! MAKE MONEY AND ENJOY LIFE 💰 THANK YOU! GOOD LUCK! 🙏🏻🙏🏻🙏🏻
Here is my latest structure analysis for EURUSD. Resistance 1: 1.0736 - 1.0775 area Resistance 2: 1.0920 - 1.0946 area Support 1: 1.0668 - 1.0695 area Support 2: 1.0495 - 1.0536 area Support 3: 1.0447 - 1.0468 area Consider these structures for pullback/breakout trading next week. ❤️Please, support my work with like, thank you!❤️
Following from last week hectic week of news events, we had a nice end on NFP friday giving us a clear indication on what price wants to do. As you can see the dollar has been ranging on the higher time frame, generating liquidity and testing new possible highs however failed to do so. Scenario (A) - We have a strong bearish candle breaching the low of the range,...
TVC:DXY Analysis, expecting to go after the IFVG so we bounce from that looking after the EQLs and Weekly Bisi, if we form a breaker on Daily that'd be nice since it would fuel our move straight to the Daily BPR & VI, i expect DXY to bottom there.
As you can see from US dollar chef you're probably starting to recognise that there is a clear pattern here we have a freshly established swing with a swing high and a swing low giving us the exact opposite of what we've seen with our usd secondary pairs which is of course a bullish range in this case we have a bearish range breaker structure has occurred at the...
Here's a look at DXY US DOLLAR INDEX on a 12 month chart. This year, it's the second time it signalled a big shift on the upper histogram, last time it did was 2021. Is this the start of the big fall for the USD. This may last for a few years -- worse a decade. Again it may or it may not happen, but the 12-month chart doesn't change mind often. I guess we'll see..
It turned out that we got very bad NFP release, yesterday. Dollar Index immediately reacted, and the market formed a huge bearish candle on a daily. With one single candle, the Index successful broken a support of a wide horizontal range. It is a sign of a confirmed bearish reversal. The index will most likely drop to 104.5 support soon. ❤️Please, support...
Dxy is going through a critical period, after several weeks in a row it lost a bit of its price, the ultimate test, that is, the neckline was finally broken and now it seems that it has room to go down. I have mentioned the important areas. The FED meeting in December can help DXY in a comeback if this will be a Hawkish meeting, but at the moment December is quite...
Check out the support line. Price keeps bouncing of it and at the same time forming a falling wedge. I'll keep an wye on this, I want a little more price action to jump in. But looks vert tempting.
Will the market get a taste of reality from today's loaded economic calendar for North America? US Dollar, DXY, is headed towards last month's lows. But, we are Day 3 in the 3-day cycle on a Friday down low in this week's template. If the NFPs and ISM/PMI cumulatively counter the dovish Fed narrative, fasten your seat belts and get ready for a surprise!