S&P index is going to test 4170.75$ level this month, it’s now going down to this level. We will wait after testing this level to detect price moves.
After DXY reversed from the keyzone level of 105.774 last week and moved back to the upside, my expectation for this week is that the market will continue the uptrend with the target areas identified above. The ongoing conflict between Israel and Palestine has increased the demand for the Dollar as a safe-haven asset. However, it's important to note that other...
Hello,Traders! GBP-USD fell down sharply But will soon be retesting a Horizontal support of 1.2114 From where I think we will See a nice bullish rebound Buy! Like, comment and subscribe to help us grow! Check out other forecasts below too!
The index couldn't reach a new high at the last rising leg, furthermore, the sellers' pressure was considerable in May. And recently, It has had a long correction after a tiny bullish leg. All these signs show us the probability of a major fall.
Here is my latest structure analysis for EURUSD. Support 1: 1.0448 - 1.0468 area Resistance 1: 1.0618 - 1.0644 area Resistance 2: 1.0691 - 1.0738 area Resistance 3: 1.0755 - 1.0794 area I believe that probabilities will be high to see a bearish continuation to Support 1. Consider the underlined structures for pullback/breakout trading. ❤️Please, support...
The dollar index (DXY) is inversely correlated to the price of Bitcoin. To make it easier to read I've inversed the DXY. The direct correlation between the two assets has everything to do with risk. In a trading environment where investors are happy to take risks, they are willing to spend their dollars (downwards pressure) and buy risky assets (upward pressure)....
Hello,Traders! NZD-USD has been falling Recently and the pair is locally Oversold so I think that we Will see a bullish correction From the support of 0.5865 Buy! Like, comment and subscribe to help us grow! Check out other forecasts below too!
I think that retail traders in the main are expecting this pair to crash from 150, I have been, and it may well do (as per my related idea below)... Commentators and past experience suggests that the BoJ will intervene around 150 to 151.5 because they have to, due to the debt relationship with the USA, they're stuck between a rock and a hard place. We all know...
DXY Index is running near the Uptrend line and 🟡 Price Reversal Zone(PRZ) 🟡. According to the theory of Elliott waves , the DXY index has succeeded in completing its 5 ascending waves near the 🟡 Price Reversal Zone(PRZ) 🟡. 💡Also, we can see Regular Divergence(RD-) between two consecutive peaks. 🔔I expect the DXY Index to trend lower in the coming hours...
🏃 EURUSD is moving in the 🔴Resistance zone()🔴and near the Resistance line and 200_EMA (4-hour) and 🟣Monthly Pivot Point🟣 . 🌊According to the theory of Elliott waves , EURUSD has managed to complete a Zigzag correction(ABC/5-3-5) . 💡Also, we can see Regular Divergence(RD+) between two Consecutive Peaks . 🔔I expect EURUSD to move towards the 🎯...
We can see this pair respecting the channel and I think it will continue. Getting ready for the transition to bullish momentum with USD running out of steam and the aussie picking up.
TVC:DXY Dollar bears may come into control swiftly if we break down within this channel, reaching the red support zones. However, while we are still within the amber zone, patience. Whilst analysing the dollar, think of other currency pairs such as £. Ignoring the outside noise and concentrating on price action is key at this moment in time. Trade Journal |...
✅The DXY Index has completed a Falling Wedge Pattern in the 🟢Heavy Support zone($105.80_$104.530)🟢 and 🟡 Price Reversal Zone(PRZ) 🟡. 💡Also, we can see Regular Divergence(RD+) between two consecutive valleys . 🔔I expect the DXY Index will go UP after breaking the upper line of the Falling Wedge Pattern to the 🔴 Resistance zone 🔴. U.S.Dollar...
There is much noise about dollar losing its king status in the world. The drop in the yellow wave b within a correction could have spurred that speculation. You can see that it was a natural move to retest broken former barrier. It was successfully rejected as the price bounced up quickly. The target for the next move could be around $125 where yellow wave c...
Silver is going to test 21.650$ level by the end of the week. Follow To Get More Signals
A mini buy is supposed to happen on UJ according to my analysis
Stay prepared for the next downward leg. EURUSD recently experienced a significant pullback to the resistance zone, and it's quite possible for this currency pair to undergo a notable decline, driven by the prevailing selling pressure.
Traders, do not forget that in 30 minutes we are expecting US CPI Report. Here is your detailed trading plan for USDCHF ahead of the news. The market is currently approaching a key daily horizontal support. Your bullish confirmation will be a bullish breakout of a resistance line of a falling wedge pattern on a 4H time frame. 4H candle close above the trend...