Hello traders
First of all, let me say that with the possibility of a temporary ceasefire, we can have a price correction in gold
But in this position, we can get a long position in the short term by breaking the downward trend line
The loss limit is placed behind the formed pivot
The war is escalating and gold is increasing very strongly recently
Major common currencies are maintaining their current positions and rising momentum
However, now the energy crisis is gradually starting as most warring countries are cutting production and stopping supply to the whole of Europe.
For the above reasons, it is certain that the Fed will once again...
Federal Reserve Chairman Jerome Powell is scheduled to deliver a major policy speech on October 19th. The aim is to convince the market that the relevant central banks will continue to keep the inflation regime in check, but perhaps not, and that there will be some "easing" going forward.
The first monetary policy plan was submitted to the New York Economic...
Dollar looking Bullish again after taking out Previous Day's low and having a MSS for a potential run on Buyside Liquidity residing above. What this means Risk ON for Foreign Currency Pairs such as EURUSD, GBPUSD going lower attacking Sellside.
Economists said the Fed had completed its monetary tightening cycle, reducing the chances of the U.S. going into recession.
In the Wall Street Journal's latest quarterly survey, economists and business leaders lowered the odds of the U.S. going into recession next year from an average of 54% in July to a more optimistic 48%. This is the first time since the middle...
Dollar Index formed bullish continuation which we are now rejecting from its bottoms. let's have our attention and be prepared to take advantage if we have the entry criteria on shorting E/U and other pairs.
The last two analyzes that I will mark below showed that I was bearish below the weekly level. After that, a bullish divergence appeared and the shorts were manipulated.
Therefore, this zone was retested and if it is only 1 hour of the saint, we got a strong reaction. Zones that I watch, below the weekly level 106 - bearish, the last price for me.
Above closing...
Hello traders, Dollar index chart looks that we could see a reversal from this zone. We broke STF up trend and successfully retested the trend line. If we stay below this green supply zone I am expecting downside move to play out which could lead in drop in USD pair in FOREX.
Good luck.
Gold prices fell on Monday, but reversed after rising safe-haven demand led to a series of strong gains in the yellow metal as attention remained focused on the potential impact of the crisis. War between Israel and Hamas.
The yellow metal saw some profit-taking after rising more than 5% last week as the outbreak of the Israel-Hamas war sent investors to safe...
At least 30 US citizens died in the Israeli-Palestinian conflict
According to CNN, on October 15 local time, a US State Department official said at least 30 US citizens were killed in the conflict between Palestinians and Israel. The official said the United States is "cooperating with the Israeli government on all aspects of the hostage crisis, including sharing...
Pair : XAUUSD ( Gold / U.S Dollar )
Description :
Impulsive Waves " 12345 " and Corrective Wave " A " Completed. We have Break of Structure with the Retracement , It can Reject from Fibonacci Level - 50.00 / 61.80%. Bearish Channel in Short Time Frame it will Complete its Retracement and will Complete its " B " Corrective Wave
Entry Precautions :
Because of...
In the previous analysis of this currency pair, we expected the price to rise when the downward trend line was broken
that according to the conditions of the dollar index, this currency pair failed to fill the moving step to rise, so we updated the drawn downward trend line
And we specified two scenarios for the price movement, according to the movement of the...
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...
It seems that the dollar index is in a long-term ascending channel, which is believed to have taken a steeper slope due to the recent wars to reach its long-term target ($125).
- The important resistance ahead is $110 and $115 and the main target is $125 .
