Hello,Traders! DXY is trading in an Uptrend and broke the Key horizontal level of 105.592 And is now going down to Retest the new support From where a further Move up is to be expected Buy! Like, comment and subscribe to help us grow! Check out other forecasts below too!
Hey Traders, in the coming week we are monitoring DXY for a buying opportunity around 105.650 zone, DXY is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 105.650 support and resistance area. Trade safe, Joe.
It feels like Dollar Index will keep growing next week again. The price perfectly respected a horizontal intraday demand zone, forming a high momentum bullish candle and violating a resistance line of a falling wedge pattern. Growth will be anticipated to 106.5 / 106.7 ❤️Please, support my work with like, thank you!❤️
USDCHF is trading in a strong bullish trend. After the price set a new higher high on a daily, it retraced to a key horizontal support. Analyzing the reaction of the price to that, I have spotted a bullish breakout of a resistance line of a falling wedge pattern. It is an important sign of strength of the buyers. The market will most likely resume growth next...
hello guys... if you check dxy you can see the dxy touched the top line of the channel so we can expect every pair against the USD to go up!
After a test of a solid falling trend line on a daily, GBPUSD leaves bearish clues again. I see a high momentum bearish candle on an hourly with a confirmed breakout of a neckline of a h&S pattern. I believe that the pair will drop again. ❤️Please, support my work with like, thank you!❤️
I'm expecting USDJPY to carry on meandering towards the 150 mark, and it's at this level that we've previously seen BoJ step in to defend their currency, We saw the same in June / July 2022, and I think we'll see it again. BoJ has started hinting at a change to monetary policy for the first time in a long time, we saw a very small reaction in the past week to...
Hello community! Well, beyond to the strong Demand that we have had since end of June: - Adding EMA 50, you'll see a long shadow trying to cross the line, showing us price change. - Comparing to Silver Futures for December, the contract is also changing direction after going to a resistance, ths increasing its value. - Using the DXY as a comparison, the...
Gold though was heading for its worst week since February as the rise in Treasury yields drives investors out of the precious metal, which pays no yield. It nursed losses at $1,875 an ounce. My opinion about the yellow metal TVC:GOLD that he will keep falling to 1962 zone
USD/CAD Fundamental and Technical Analysis for 28 September 2023 Fundamental Analysis The Canadian dollar has been under pressure in recent weeks, falling to its lowest level against the US dollar in over two years. This is due to a number of factors, including: Higher US interest rates: The Federal Reserve has been raising interest rates aggressively in an...
USDCHF also looks overbought: the price formed a rising wedge pattern and a descending triangle within. Both the support on the wedge and the neckline of the triangle were broken. I expect a further decline to 0.9163 ❤️Please, support my work with like, thank you!❤️
As usdchf is on its previous high and over the time it has taken a rally upwards now its going to have a rally down it could be a retracment as we can see 200EMA show that USDCHF is bullish trend and will move upward but it could be a call for reversal so we will be waiting for a bearish Engulfing or bearish harami here and will be shorting this pair as we have...
✅EUR_USD is in a very Strong downtrend and the Pair has been falling for a while now So much so that it is now oversold Thus as the pair is retesting a Horizontal support level of 1.04833 I think that we might see A local bullish correction LONG🚀 ✅Like and subscribe to never miss a new idea!✅
With my last name being Adamantos, I must admit I have a thing for Adamantium. 😎 Let's dive into the US Dollar and its uncanny resemblance to Wolverine. Time to dive into the US Dollar and its uncanny resemblance to the yellow beast. Let's get into it!🤟 The Wolverine Dollar 🐺💵 Back in March 2021, I first dubbed the US Dollar as the Wolverine. Why? Because just...
The attractiveness of this idea is rather dependent on how prices act between current price (1900) and ~1885, the upper demand zone’s (green lines) “aggressive” entry. If new supply/resistance forms directly ahead of buy levels, the trade may be scrubbed because of dissatisfactory risk-reward. Something to keep in mind… That said, we are confident that gold will...
SLO @ 1.1235 ⏳ TP5 @ 1.1200 TP4 @ 1.1120 TP3 @ 1.0985 TP2 @ 1.0895 TP1 @ 1.0766 BLO1 @ 1.0635 📈 BLO2 @ 1.0550 ⏳ 1️⃣ PA is currently pulling back from our BLO1 2️⃣ PA is currently within a Resistance Range (3D) 3️⃣ If it respects the Resistance Range, I'm anticipating PA will continue the DT down to our BLO2 @ 1.0555
FX:NZDUSD forms a breakout of the descending channel resistance and forms a symmetrical triangle. Breaking the resistance of the pattern could give a strong impulse, but amid the strengthening of the TVC:DXY there is little chance for that. The dollar continues to strengthen towards 107.5, as I mentioned earlier in my ideas. Against this background, the...