BTC/EUR vs BTC/USD present significant technical distinctions. Since May 2022, both BTC/EUR and BTC/USD appear to have formed an ascending wedge pattern on a linear scale, which typically breaks downward, signaling a bearish pattern. What's intriguing is that the asymmetry of this pattern for BTC/EUR is more intriguing than for BTC/USD. Over time, BTC/EUR has...
hi, first im sorry for mistake in my english grammer, its a forecast about dxy for 3 months and its base on fundamental and technical analysis, i expect that dollar index will continue to rise this week, and we may have conformation of beginning of the decline at the end of the week depending on movment. my expectation for this week in currency pairs: eurusd and...
Here is my latest structure analysis for EURUSD. Horizontal Key Levels Resistance 1: 1.0620 - 1.0640 area Resistance 2: 1.0690 - 1.0740 area Support 1: 1.0495 - 1.0510 area Support 2: 1.0450 - 1.0467 area Vertical Key Levels Vertical Resistance 1: Falling trend line Consider these structures for pullback/breakout trading next week. ❤️Please, support my...
PA is already in the DEMAND ZONE, however, it's possible that it has a little more to go to the downside. So I've decided to TAKE A CHANCE at shorting low on the curve. ‼️ THIS IS AN AGGRESSIVE SHORTING OPPORTUNITY ‼️ SSO @ 0.6415 ⏳ TP1 @ 0.6315 ⚠️ TREND — Momentum: Big Picture Uptrend — Price Action: Downtrend Retracement — CounterTrend: YES...
CAPITALCOM:DXY good dayAccording to the chart of the financial markets, the dollar index has the potential to grow up to the range of 104 At the same time, all stocks will fallWatch the news According to what I said, my prediction is the increase of interest rates and the strength of the dollar in the above time frame.
USDCHF is rising towards a pullback resistance and could potentially reverse to drop lower towards our take profit target. Entry: 0.89357 Why we like it: There is a pullback resistance level Stop Loss: 0.90264 Why we like it: There is a pullback resistance that aligns with the 38.2% Fibonacci retracement level Take Profit: 0.88302 Why we like it: There is a...
I expect a bearish reaction to a solid falling trend line on a daily. My confirmation - cup & handle pattern on an hourly time frame with a confirmed neckline breakout. The pair will most likely drop at least to 1.0545 ❤️Please, support my work with like, thank you!❤️
USD/CAD could fall towards a pullback support and potentially bounce off this level to climb higher. Buy entry is at 1.36898 which is an overlap support that aligns with the 38.2% Fibonacci retracement level. Stop loss is at 1.36638 which is a level that aligns with the 61.8% Fibonnaci retracement level and also sits 16 pips under the recent pullback early this...
I took short position yesterday and I will add more. I am waiting market structure shift and if it happens I am gonna short more. I am focusing Equal Lows and Sell side levels which is I draw on! Manage your risks and happy trading! Follow and like idea )
Been watching this pair closely and made some good pips in the past week, however I got spooked last night and closed my sells (albeit 50 pips too early), but my calculation seemed to be broadly right. To me it's looking like a fake out below my support line and back through this resistance which is being retested but I think we're going back up. USD not flying...
So,I mentioned before I am going long on dollar because of many economic indicators suggests long. We got CPI not easing and it is bullish for dxy We got NFP also showing strength of labor market Last FOMC minutes report also says high interest rates might be possible for longer time
USD/CHF has broken below a pullback support and the bearish momentum could potentially drive it lower. Sell entry is at 0.89866 which is a pullback support. Wait for the current 1-hr candle (14:00 UTC +8) to close prior to initiating a trade. Should the 1-hr candle at 15:00 (UTC+8) open underneath the Sell entry, open the short trade at market. Stop loss is at...
The data coming out of the US continues to support an additional hike this year, with all FED speakers continuing their hawkish stance to return inflation to the 2% target, so getting more likely there'll be a hike in November IMO. Seeing stagflation in the EUROZONE, also real bond yields are positive in the US which makes the USD mo5re attractive, this all makes...
Expecting another hike from the FED in November, supported by hawkish comments across the board to focus on reducing inflation to 2%, this is supported by positive data. Real yields (bond yield - inflation) are positive for the dollar, they're negative for GBP and EUR. We may still see another hike from BoE but the economy is in a mess. Need to watch for US...
Hello dear traders I think we are nearing the end of the rising wave... Is it time for correction? There are 2 scenarios to start price correction with tecnical and fibou extention and there are many reasons for fundamental : In a recent tweet, Kiyosaki sounded the alarm bells, pointing to a conversation he had during a podcast with journalist Dr. Nomi Prins, who...
On a short term scale, I see Gold heading higher towards $1,957 - $1,965 to complete its current bull move. We also have pending liquidity above the previous Wave 4 (X) high. Wait for a small sell dip lower & let price settle, before looking to enter any buy positions. If price don’t settle, then no move to enter.
As you can see, the market structure is bullish so we expect higher prices will be seen. Since the price collected liquidity below 105.5 and then had a bullish reaction we mentioned Order Flow and Order block as support that can cause the price to move higher for creating a higher high. 💡Wait for the update! 🗓18/10/2023 🔎 DYOR 💌It is my honor to share your...
We can see that USDCHF has followed a descending dynamic trendline and has now formed a triangle pattern. Most other Swiss crosses are near or at ATL's or ATH's except this one. We can see multiple rejections on the 4HR from my support line and we're nearing the squeeze point of the triangle, so if we break the descending line I'll be looking for a long...