Coming week will be interesting for DYX pairs, most of them are in bearish RSI divergence. EURUSD in the manner is in bearish divergence in addition to formed a potential double top in H4 time frame. Break of the up trendline will give a nice risk reward opportunity for coming week. If you dig more there might be much more promising dollar pairs with bearish RSI...
I know it is crazy, but it will come truth if the important supports break down. And it will has 2 different low target depends on the 2020 US presidential election results.
GBPUSD IDEA. LET ME KNOW WHAT YOU THINK. I WOULD LIKE TO KNOW YOUR OPINIONS.
USDJPY completed the bearish move as predicted in my newsletter this week. Now testing support.
DXY experienced such a roller coaster day yesterday, starting from a Draghi's hawkish speech which push Euro even higher to Trump's statement saying he is expecting a strong dollar, which helps DXY to gain temporary bullish momentum. If I see from the chart here, Trump's statement has helped pushing DXY to break over 78.6% fibo extension line (89.17 level),...
As I posted in November 7 the US Dollar was trying to go higher first to get a big drop, and well it didn't for long, so now is going straight to a bad level for US Dollar and we can see the index maybe smashing that 85.10 target. See the chart since November 7.
OLD resistance, new support? Don't like the way price approaching this area, otherwise would have been a no brainer long entry
Chart in combination of DXY. Possible D1 double low in DXY for trading long breakout for US-Dollar. Target: 1.198150
The DXY has found some support following a recent dramatic fall. This seems more like a retracement in a primary downtrend rather than a reversal and I wouldn't go long at this point unless: 1. it breaks through the major resistance line and stays above it AND 2. breaks through and stays above the supply zone
Gold's price respects the potential Sell Zone mentioned in my newsletter this week Daily Cypher and weekly structure in focus
This is my "personal views" please do not take my view as trading advice unless you are willing to lose it all. I usually consider myself finding contrarian trends right before they settle in. I am sensing EURUSD is testing the resistance line after the breakout back in October. Earlier this was tested in November but failed to go above. If we can stay below...
EURUSD is probably heading towards the weekly structure zone 1.24-1.25 this year. That's what my weekly chart's analysis shows But, before it'll reach there, it will have to face a weekly resistance zone that includes 2 harmonic trading patterns. 1.22-1.23 includes a Butterfly and an AB=CD pattern Read more about EURUSD, this pattern and other FX pairs in...
Hello Traders! Accurately suppose, that the "Flat" model and Bull's "Cumulation Balance", will be on US index the whole 2018 year. So... Based on intermarket correlation, it gives the opportunity for downtrend on EURUSD, GBPUSD, AUDUSD, NZDUSD and uptrend for USDJPY, USDCAD,USDCHF. Best regards, team traders ''Powerful Traders".
so looking forward to next week all the BUYS been squeezed out, giving longs big chance for big gains
A deviation in trend from the interest rate expectations pushed the index lower throughout 2017. The hawkish outlook of the fed & already high interest rate (compared to other major central banks) haven't stopped a push lower. Always good to keep a look at the dollar index before making trades involving it. Technicals The fairly recent break below the 200DMA...
Make your own conclusions! Have a great day.