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...
UDSJPY is rising towards a pullback resistance and could potentially reverse from here to drop lower towards our take profit target. Entry: 149.418 Why we like it: There is a pullback resistance level Stop Loss: 150.158 Why we like it: There is a swing-high resistance level Take Profit: 148.409 Why we like it: There is an overlap support level Please be...
USDJPY is going to test 150.500 level, Dollar is going to be stronger in next few days. After testing this level we will waiting price moves. Follow to see next signals
EURUSD is going to test 1.04250 after ending current uptrend, 1.06500 level is strong resistance, Probably price will reflect from this level to 1.04250. Watch photo to see possible moves. FOLLOW TO GET NEXT SIGNAL
Traders, As expected, SPY bounced off of that 200-day SMA and performed a classic retest of the underside of our previous support, the neckline of our H&S. Now, the only question that remains is do the bulls have enough in them to break back above or do we remain on the underside of this neckline and potentially drop back down ...maybe even breaking the bottom of...
After reaching to 1885$ as we said, gold is going to reflect his movement to down. Next target is 1845$ level. Follow to get next signals
Hey Traders, in today's trading session we are monitoring DXY for a selling opportunity around 106.400 zone, DXY is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 106.400 support and resistance area. Trade safe, Joe.
📉 XAUUSD Analysis - Short Trade Opportunity 📈 Join us on an illuminating journey through the world of Elliott Wave Analysis as we unveil a compelling short trading opportunity on the XAUUSD (Gold) pair. 🌊 Wave patterns are suggesting potential downside, with Wave 5 gaining momentum and indicating a possible corrective move. Dive deep into an extensive analysis...
EURUSD multiple time frame analysis. Important key levels. Price action analysis. Trading plan. ❤️Please, support my work with like, thank you!❤️
USD/JPY is rising towards a pullback resistance and could potentially reverse off this level to drop lower. Sell entry is at 149.414 which is a pullback resistance level. Stop loss is at 150.160 which is a swing-high resistance. Take profit is at 148.406 which is an overlap support that aligns close to the 38.2% Fibonacci retracement level. High Risk...
USD/CHF could rise towards a pullback resistance and potentially reverse off this level to drop lower. Sell entry is at 0.90910 which is a pullback resistance that aligns with the 23.6% Fibonacci retracement level. Stop loss is at 0.91330 which is a level that sits above the 38.2% Fibonacci retracement level and an overlap resistance. Take profit is between...
NZDUSD reached a solid horizontal resistance. Approaching that, the price formed a rising wedge and a double top patterns on an hourly time frame. Both the neckline and a support of the wedge were broken. It is an important sign of strength of the bears and a local change of a character. I anticipate a retracement to 0.600 / 0.599 ❤️Please, support my work...