DXY UPDATE, as you can see in the previous posts that I will link here. The DXY has been dropping for the past two weeks. Notice how the market shot up in the beginning of this week to then drop. This is a classic move that happens to begin the week with making investors believe we are in a bull market. When that is not the real sentiment of the market. Im not...
USDCHF rebounded from support level at 0.8980 MACD shows weakness in bearish momentum RSI rebounded after reaching oversold region It's expected to target resistance level at 0.9085
USDJPY broke downtrendline Pair is based above support level at 104.20 Price is based above HVN at level 104.25 which indicates that pair is in accumulation phase Above SMA 100 MACD shows bullish momentum It's expected to target resistance level at 105.10
Hi guys! 👋🏻 🔔 Japan has been showing a steady recovery from the pandemic today’s Trade Balance and Exports data testifies. Battered US Dollar Index also supports the downtrend of the USD/JPY. 🔔 Yesterday’s US Retail Sales, import and export price indexes data announced were below the forecasted, more importantly Core Retails sales (MoM) was 1 bp lower than the...
USDCHF rebounded from upper limit of price channel with bearish movement Pair is based below key level at 0.9195 Price is based below HVN at level 0.9150 which indicates that pair is in distribution phase MACD shows bearish momentum It's expected for coming correction to test lower limit of price channel near level 0.8925
GBPUSD rejected from upper limit of price channel Price rebounded from 78.6% Fibonacci level at 1.3309 MACD shows negative divergence RSI reached overbought region It's expected for coming correction to target lower edge of price channel near level 1.3000
EURUSD rebounded from demand zone at level 1.1620 with strong bullish movement Price broke downtrendline Pair is based above support level at 1.1770 Above HVN at level 1.1736 Above SMA 100 MACD shows bullish momentum It's expected the continuation of bullish momentum to target level 1.1900
Hello everyone! USDJPY continues to proceed downwards in a descending triangle, there should be one final drop before the trend reversal I believe. Wait for a breakout or short here, beware of the volatility of tomorrows Consumer confidence stats. DXY looks very bearish.
AUDUSD rejected from downtrendline with bearish movement forming Elliot wave 4 Price is based below resistance level at 0.7200 RSI is below level 50 Price is based on HVN at level 0.7167 we r waiting price to break support level at 0.7150 and break lower edge of rising wedge pattern to open short trade It's expected for coming Elliot wave 5 to target level 0.6925
USDJPY rebounded with bearish movement after retesting broken uptrendline Pair is based below key level at 105.20 Below SMA 100 MACD shows bearish momentum It's expected the continuation of bears power to target support level at 103.00
USDCAD on the inverse scale, broke out an upside continuation structure and will make new higher high to complete wave 5. Share your thoughts on the comment section. Like and follow for more content like this Good luck!!!
Waiting for the breakout of the EURUSD in channel, if no breakout its safer to stay away. Share your thoughts in the comment section below. Like and follow for more content Good luck!!!
AUDUSD completed a 5 wave structure, will most probably breakout on the bear side and fall. Share your thoughts in the comment section below. Like and follow for more content.
After nice uptrend was created 5 significant volume clusters.... Here i marked reaction on them... For now 4 profits from 4 Volume clusters... This is why i strongly recommend use this volume clusters in your trading strategy... We will see how the last volume cluster will be work... What is your TIP? Happy trading Dale
Today, I am going to do a day trading analysis of the AUD/CHF. What I like about this pair is that there is a clear and strong uptrend (starting from 26th August). When there is an uptrend like this, I like to look for areas where heavy volumes were traded. I do this with my Flexible Volume Profile. The most recent heavy volume area got formed yesterday. There...
AUD/CHF continue with uptrend was formed NEW Volume cluster near price level 0,661. I hope so that strong buyers which push the marker up.. Will be defend their buying position and on price level 0.661 we will see nice long reaction... Happy trading Dale