To trade better in market is better to know and understand the 3 Phases of the market 1) The push phase or Impulse.... This phase is when price continues moving in the direction of a current trend 2) The exhaustion phase or Correction This phase is when price start pulling back in the opposite direction of current trend... 3) sideways moving This is when price...
We have seen a dollar index struggle to go up due to dovish decision, the marked zone is a decisive zone for US economy as we see more sideway moves around that zone There are some improvement in US economy but nit enough to push it up higher against other pairs. we may see some up moves this week due to decreasing covis19 cases.
EURGBP was Trading in Ascending Triangle Pattern , Which is bullish pattern at bottom of chart but it failed to breakout on upside. According to chart pattern analysis , EURGBP breakout on down side from Ascending Triangle Pattern . We might see more down side in EURGBP towards support level 1 and support level 2 (as shown in chart). Short trade can be taken on...
Hello, my fellow traders hope you all are making some profits. We are here with our new analysis so that we can increase those profits for you. Let’s get into it. As we can see, the price is inside DESCENDING CHANNEL and is close to its Resistance. One can SELL it. Let us know your views on this in the comment section. Thank you all. There is good news for our...
Hello, my fellow traders hope you all are making some profits. We are here with our new analysis so that we can increase those profits for you. Let’s get into it. As we can see, the price is inside ASCENDING CHANNEL . One can go long after it breaks its TRENDLINE RESISTANCE. Let us know your views on this in the comment section. Thank you all. There is good...
Hello, my fellow traders hope you all are making some profits. We are here with our new analysis so that we can increase those profits for you. Let’s get into it. As we can see, the price broke from its RESISTANCE and did a RETEST. Let us know your views on this in the comment section. Thank you all. There is good news for our followers. We will be analyzing...
I'm watching the solid blue downward trendline closely. DXY looks sick; if it breaks, lookout, commodities to the moon!
FUNDAMENTAL BIAS: WEAK BEARISH 1. Developments surrounding the global risk outlook. As a safe-haven, demand for the Dollar drastically diminished at the latter part of 2021 as the market’s attention shifted away from the pandemic and towards an expected global synchronized recovery and a reflation environment (both of which is usually Dollar negative). As...
FUNDAMENTAL BIAS: BEARISH 1. Safe-haven status and overall risk outlook As a safe-haven currency, the market's risk outlook is the primary driver of JPY. Economic data rarely proves market moving; and although monetary policy expectations can prove highly market-moving in the short-term, safe-haven flows are typically the more dominant factor, especially in...
FUNDAMENTAL BIAS: BEARISH 1. Developments surrounding the global risk outlook. As a safe-haven currency, the market's risk outlook is the primary driver of CHF. Swiss economic data rarely proves market moving; and although SNB intervention can have a substantial impact on CHF, its impact tends to be relatively short-lived. Additionally, the SNB are unlikely...
DXY (like the inverse of EURUSD) I'm looking for the one more down into the 89.500 level before we get a push up Because we swept that monthly low (red line), DXY can just move up from here. We'll have to wait for some development, but given the structure, upside is the more favoured move from these levels.
Hey Guys! Last week, we got what we expected with excellent price delivery; however, the way the week ended tells me that it's more likely that we're going to get a deep sweep of those monthly highs; likely up into the 1.23000 before the larger correction. Note that this doeesn't have to happen - if price drops down to 1.20300, I would be surprised as OUR MAIN...
The #digi #pog mall (#metaverse) is empty. NOMO shoppers. #gameover
My historical analogue is predicting a small move higher to 4250 before crashing all the way down to 3920. This drop is a 7/8% move so something significant is going to happen. The previous drop I predicted turned out to be a "cyber attack" and price dropped 5% so who knows what it could be this time. I will be shorting the reversal and the subsequent bounces...
Hi guys... EU have been Bullish for months now, and bearish haven't been much since the bull comes in, but seems if price could break below 1.21627 we might see price moving bearish..... Tp1 - 1.21271 Tp2 - 1.21041 Tp3 - 1.20524..... Have a great and wonderful week
🏛EUR_USD has been trading in a bullish trend for some time now But the move has visibly lost momentum lately And has stalled following the failure to break a horizontal resistance As you can see, the pair is trading in a local narrowing wedge Which is also a bearish sign, and thus I am bearish on EUR-USD mid-term I think that on the opening session we...
Hi there. Price is forming a continuation pattern to the upside. Wait for the price to complete the pattern and watch strong price action for buy.
🏛AUD_NZD has almost reached the horizontal resistance And I think that after hitting it properly The pair will brake the local rising support line And fall towards the nearest horizontal support SHORT🔥 ✅Like and subscribe to never miss a new idea!✅