With the New Year here with the Fed fighting aggressively to battle inflation i know there are a lot of rumors floating around the FED either lowering, maintaining, or increasing the FFR (federal funds rate). none of this matters in my opinion.
why?
price goes up and buyers slow down.
Because, the FED jacked up interest rates so fast that they did not allow...
Based on the technical picture, the AUDUSD has broken the demand zone & support on 4H timeframe which was also confirmed on the daily timeframe. Now the price seems likely to fall towards the upcoming demand zone / support. Have a look at the main chart for full details on this trade. If you wish to enter, make sure the RR is at least 1:1.
Trade Cautiously & Safely
In this chart we can see some pattern that fits to this strategy.
We saw a lot of liquidity in the path few months.
And sometimes the market can give u some bouncy bull trend for a couple of days or even week or two.
In this chart , u can see some pattern that give us some indication that may be some poll up , and then it going down to check the LL prices
And...
From the Higher Time frame We can see price reacting to strong levels of support and we see price rejection on the daily. We could likely see a push upwards in the coming week.
The DXY Index has seen a spectacular move since the start of its recent uptrend in May 2021 - >10% in under a year. The move has been aggressive, offering very little in the way of pullbacks. However - we are starting to see the first signs that the index may be due some consolidation, namely:
1) Large extension from 200-day SMA (yellow)
2) Overbought RSI
3)...
The 97.80 lateral support held, and the DXY Index is within a whisker of touching our target of 100 - highlighted by us earlier last month. The small bull flag break may give the dollar the legs it needs to keep running.
FX:USDCHF
greenback correction against swissy with the release of US business economic data.
ISM - Non Manufacturing PMI ( March 2022)
Actual : 58.3
Expected: 58.4
Pervious : 56.5
FX:GBPUSD
The pair's consolidation area is between 130.6 - 131.6
A few days ago, forecast of this pair's movement was sideways tending to be bearish. And that view has not changed, as there has been no significant economic progress between the two pairs.
GBPUSD is likely to move down when the Fed raises interest rates in May.
DXY has been trading in nice uptrend since beginning of June - Bouncing a number of times off its upward sloping support. Last week Friday saw the massive break through lateral resistance at 97.80 & successfully re-tested and held on Wednesday = bullish. As long as 97.80 holds, the next area of resistance is around the 100 handle. However, through 97.80 brings...
we can see the price has showed some resistance and felled off back to its bearish trend but yet we have a heavy Accumulation zone at 88-90to which market has already showed some reaction and it stood as a support area, we may have some retrace back up to the 38% or 50% of current bearish wave Fibonacci levels and then heads down to the -61.8 of the same wave...
Hello Traders
Here is a new SELL Scenario, Federal Reserve 'on track' for tapering asset purchases.
For a longer term, it can reach 1.15 and 1.14 for a quarter if you are patient.
💹EUR/USD SELL STOP
✅ Entry @1.16300 or below
✅TP-1# 1.16200
✅TP-2# 1.16000
✅TP-3# 1.15800
✅SL# 1.16800
Source : www.actionforex.com
JamdeJam will not accept any liability for...
DXY is currently sitting on important historical support - 93.806, starting Wednesday's Asian session.
Yesterday minor support at 93.470 hold good.
Leaving DXY back at the bottom of Septembers´ ascending trendline
This ascending line seems pretty strong still, if it holds, further gains to the upside are to be expected, having the top of the last 15 days range...
It seems a timely choice to update the dollar chart. Extending the characteristic positioning in the previous euro chart, seems to me to be more in accordance with the needs of 93.75 - 94.00 holding and acting as a reliable guardian for the remainder of August and September, but the threat to an attack higher is real.
In the DXY chart, buyers will need to...
A quick round of illustrations to review the swings in euro...
The idea of the swing; we are mapping bids and offers, no more no less. Two battlefields, the wings are what we attack on and the centre is where we begin to clear (into thrusts and etc).
Lets start with the Yearly chart for our macro direction:
Very clear the base has been attacked previously...
![GBPUSD: POUND - DOLLAR LONG [GBPUSD]](https://s3.tradingview.com/h/HRrKwAnK_mid.png "POUND - DOLLAR LONG [GBPUSD]")
