Following this concept is very easy if you are a WAVES TRADER. DXY is at the final correction of AB. What we should be waiting and looking for is WAVE C to start building up in order to continue the bearish movement for EUR/USD to move in the opposite direction. Good luck
Yesterday, the USD/JPY pair experienced a decline to around 139.00 but has since shown signs of recovery. Investors anticipate that the Federal Reserve (Fed) will raise interest rates further in order to combat persistent inflation in the United States. As a result, there is optimism that the asset will surpass the significant resistance level of 140.00....
Multiple time frame analysis for EURUSD. Price action & key levels. Directional bias. Potential scenarios. ❤️Please, support this video with like and comment!❤️
Today the unemployment figures of the US have come out. These were the same as last month and the market was not counting on that. The Dollar slipped on this news. The ECB countered with an interest rate adjustment. Unlike the FED, the ECB will continue to raise interest rates to combat inflation. The interest rate was 4.00%. 0.25% higher than last month. After...
On Tuesday, the AUD/USD pair reached its highest level in a month at 0.6807 following the release of US economic data. However, it later retreated, reducing its daily gains. The Australian dollar struggled to stay above 0.6800. Although the upward trend remains intact after rising in eight of the last nine trading days, it appears that some consolidation or...
In May, the Annual Consumer Price Index (CPI) in the US is projected to show a 4.2% increase, marking a slowdown compared to April's 4.9% rise. The Core CPI inflation, which excludes volatile food and energy prices, is anticipated to grow at a slightly faster pace of 5.6% year on year, surpassing April's 5.5% growth. The forthcoming release of US CPI inflation...
The GBP/CAD pair is currently experiencing a pullback phase following a notable reversal at the 50% and 61.8% Fibonacci levels. This retracement suggests a temporary correction in the price movement. However, there is potential for a new bullish impulse to emerge, which could propel the price towards the 1.6900 level. If this bullish momentum continues, the pair...
For the second consecutive day, EUR/JPY has scaled higher, reaching a two-week high on Tuesday. The ongoing upward move is supported by the policy divergence between the European Central Bank (ECB) and the Bank of Japan (BoJ), favoring bullish sentiment. Traders are now eagerly awaiting the upcoming ECB decision and BoJ meeting before making fresh directional...
On Monday, GBP/USD capitalized on the overall weakness of the US Dollar (USD) and surged to its highest level in a month, surpassing 1.2590. However, the pair now faces resistance at 1.2600, and the short-term technical outlook suggests the possibility of a downward correction before the next upward move. The positive market sentiment at the start of the week has...
The Euro has seen significant demand as market participants anticipate a decrease in the policy divergence between the Federal Reserve (Fed) and the European Central Bank (ECB). Despite concerns of a recession in Europe, an ECB interest rate hike is anticipated. Expectations of a softer US headline inflation due to a decrease in energy prices, while core...
The USD/CHF pair is struggling to take full advantage of its recent strong gains. Uncertainty surrounding the Fed's interest rate hike is keeping USD bulls on the defensive and limiting the upside. Traders are also hesitant to take aggressive positions ahead of the crucial US CPI report. During the Asian session on Tuesday, the USD/CHF pair is trading within a...
The EUR/USD faced downward pressure, remaining below the 1.0800 level. However, it experienced a notable upswing on Thursday, delivering its strongest performance in weeks, primarily driven by a weakened US Dollar. The Greenback faltered across the board as softer employment data from the US emerged ahead of the upcoming FOMC meeting next week. This favorable...
MY GOAL Targer 1:1953 Target 2:1938 Have a gooood profiiiit and enjoyed
EUR/USD is maintaining a steady position near 1.0750 as it consolidates its pullback from Friday's movement in the early hours of Monday. The main currency pair is treading cautiously, influenced by a generally stronger US Dollar and US Treasury bond yields. Market activity remains subdued as investors brace themselves for upcoming events from the Federal Reserve...
like my idea, follow my account, leave a comment Let us all hold on for EUR/USD correction to complete WAVE 4, after completion then we should follow the bear market down a bit to complete the bigger wave of the current sequence. Goodluck
The AUD/USD is currently experiencing bullish momentum, and we are looking to capitalize on the next upward movement using a trend-following setup. However, in terms of fundamental analysis, the AUD/USD pair is facing difficulties in sustaining its current rally above 0.6680. This rally was initially sparked by the unexpected announcement of an interest rate hike...
In terms of technical analysis, yesterday the USD/JPY experienced a strong bearish impulse after reaching the 140.400 value. This indicates a downward price change and suggests a bearish setup. On the fundamental side, the US Dollar (USD) has been recovering from a one-week low since the release of the Non-Farm Payrolls (NFP) data. This recovery is seen as a...
From a technical perspective, the EUR/USD is currently trading within a bullish channel, and in the last hour, the price has been attempting to establish a new swing high. There is an identifiable ABCD pattern, with the D point serving as our target. The D leg corresponds to the 1.217% Fibonacci extension, located at the 1.0800 level. We are observing a potential...