The highlighted red area above price indicates that the market is currently in a bearish structure. The oscillator at the bottom shows both the AUD and the USD index's and as you can see, the USD is increasing upwards and is about to cross the mid line, which shows bearish pressure coming in to play for the AUD/USD pair. I also have a second market structure...
My preference: Bullish so long as 970 is support. My pivot point is 970. Alternative scenario: the downside breakout of 970 would call for 827 and 743. Comment: The RSI is above its neutrality area at 50. The MACD is positive and above its signal line. The configuration is positive. The stock is trading above both its 20 and 50 day moving average, Stay...
Hello Traders, The Dollar Index (DXY) is currently in a downtrend with the price unable to break above the Resistance Zone (97.00). Price is currently at a Daily Support Zone which has been tested multiple times in the past, making it a great counter-trend area to look for buying opportunities. If the price breaks below 95.380 (Support Zone) then I'll be...
Happy Sunday Traders! Fundamental Analysis: On Thursday, European Central Bank Governing Council member Klaas Knot noted that the ECB could end its bond-buying program earlier than planned if inflation continues to surprise the upside. Knot further argued that it was appropriate for the ECB to prepare for gradual monetary policy normalization. Although these...
May thought process and reasoning for buying and when I plan to close and then sell AUDCAD. My students are banking right now. I want to continue and also bring this strategy more to light and empower average traders to become phenomenal traders. Contact me if any questions.
The price is currently at @149.155. This is a significant H4 Support area (149.00 - 149.640) which has been tested multiple times in the past making it a great area to look for buying opportunities.
Happy Sunday Traders! Fundamental News: Initial fears of the Omicron variant on Friday the 26th boosted the value of the yellow metal due to its inverse relationship with treasury yields, with the 10-year yield dropping around 23 basis points from Monday to Wednesday. Likewise, the US dollar traded lower over the same period which further elevated gold prices due...
In 1hr Chart Btc Is In Acendinging Triangle And Also At Strong Resistance But A Breakout Can Get Us To 65k Easily Also If It Got Rejected By This Resistance So 58k Level Is Also Maycome We Should Wait For Price To React...
As You Can See In This Chart Bnb Is Just Brokeout A Triangle And Also Bnb Is On A Channel Continuation Pattern As Well In Shorter Timeframe Wait For Retest The 451 Price Is Good For Accumulation Remember Always Do Dca (dollarcostaverage). Stay Blessed Happytrading
link is looking good in 4hr chart for a shorttrade also you accumulate link for longterm aswell. always do dollarcostaverage. stay blessed happy trading.
Key Levels to look out for on AUDCHF this week, Especially during the Asian and London trading sessions!
Fundermental Overview- Gold price is reversing from monthly highs just ahead of the $1800 mark, as the US dollar rebounds in tandem with Treasury yields amid the upbeat market mood. Robust US corporate earnings douse fears over growing inflation risks, boosting the investors’ sentiment at the expense of the safe-haven gold. Meanwhile, failure to find a hold...
Important Key Levels For GBPJPY. Levels that I'll be looking during the London Session!
Key levels for CHFJPY . Price is currently @119.705 and we are approaching H4 Support Zone (119.560 - 119.330). This level has been tested multiple times in the past and this is where I'll be looking for possible counter-trend opportunities on lower timeframes.
Key levels for AUDUSD. Price is currently @0.73490 and price is in the H4 Support Zone (0.73320- 0.73520). This level has been tested multiple times in the past and this is where I'll be looking for possible counter-trend opportunities on lower timeframes during the London & US sessions.
On my analysis released yesterday I gave my overview on GBPUSD and where I believed price would be moving towards during London Session. GBPUSD is currently in an downtrend alongside was @Daily Support Zone which has been tested multipe times in the past, making it a great area for counter-trend opportunities. Daily Support Zone (1.35640 - 1.36220) During...
Price is currently in an downtrend alongside @Daily Support Zone which has been tested multipe times in the past, making it a great area for counter-trend opportunities. Daily Support Zone (1.35640 - 1.36220) I'll be looking for counter-trend opportunities during the London session!
Key levels to look out for US30. Price approaching H4 Resistance Zone (35340 - 35430) and this is the area I'll be looking for counter-trend opportunities on the lower timeframes!