Hey Everyone, Great finish to the week with our chart idea playing out with all the activations with weighted level breaks opening and hitting the open targets and the failed crosses activating the rejections also played out. We started the week with the 2051 Bullish target at weighted level. We then had no cross and lock above 2051 and therefore rejection into...
The dollar has trended higher for the second consecutive week, supported by a strong domestic economy and the central bank's cautious stance on interest rate cuts. The dollar index, which measures the currency against a basket of six major rivals, rose 0.9% this week to 103.4. The dollar has appreciated about 5% against the yen this year, and the exchange rate...
The dollar remains generally in good shape. EUR/USD tested the 200-day moving average during yesterday's trading session before rising to the 1.0890 level. Looking at the short-term trend, sellers are in control with prices still not coming close to testing the 100 hour moving average at 1.0916. The downtrend will still be maintained for now. As rising Treasury...
Hey Everyone, Piptistic finish to the day for us with our swing range doing exactly what it says on the tin. Yesterday we had Ema5 cross and lock below 2036 retracement range, which opened the swing range 2020 and 2005. - Both of these levels were hit We then advised that we would need to see ema5 cross and lock below 2005 to open the support structure or a...
The US dollar rose to a one-month high on Wednesday on shifting market expectations for interest rate cuts and weak economic data from China. The dollar index, which measures the dollar's value against a basket of currencies, rose to 103.58, its highest since December 13th. This increase follows Tuesday's 0.67% rise. The dollar's rise was fueled in part by...
Hey Everyone, Update on our 1H chart idea from yesterday. Ema5 cross and lock below 2036 retracement range opened the swing range 2020 and 2005. Both of these levels were hit, as analysed and both provided the expected reactional bounces for 40 pips, as stated throughout. We will now need to see ema5 cross and lock below 2005 to open the support structure or a...
Most Asian currencies fell on Tuesday, while the dollar rose as traders largely remained risk-averse ahead of further signals on when the Federal Reserve may begin cutting interest rates. The dollar index and dollar index futures rose 0.5% and 0.3%, respectively, during the Asian session on Tuesday. The dollar index is also trading at a small premium to futures,...
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Hey Everyone, Today we saw 2051 cross and lock below opening the retracement range, which was HIT. The retracement range then gave the 30 to 40 pip bounce, as part of our plans to buy dips from weighted levels. Ema5 has now also crossed and locked below 2036 retracement range opening the swing range levels 2020 and 2005. A cross and lock below each level will...
The dollar was weak in early European trading on Monday as traders weighed the possibility of an early interest rate cut by the Federal Reserve and a U.S. holiday slowed trading volume. At 4:35 p.m. ET (9:35 p.m. Japan time), the dollar index, which tracks the U.S. dollar against a basket of six other currencies, was trading 0.1% higher at 102.242 as the holiday...
The dollar steadied in early European trade on Friday as investors focused on mixed U.S. consumer inflation data and the potential impact of the FBI's interest rate cut. Future Federal Reserve System. As of 4:25 p.m. ET (9:25 p.m. Japan time), the dollar index against a basket of six other currencies was trading steady at 102.022, down from Thursday's high of...
Hey Everyone, Great start to the week with our first bullish target hit on market open at 2051. We were able to take 30 pips from the retest for a easy catch. Ema5 has now also crossed and locked above 2051 leaving a gap open to 2063. We will need to see price and ema5 maintain position above 2051 for this continuation into 2061. However, if we see a retest at...
Discover an enticing Selling opportunity in GOLD as it undergoes a critical retest of a key Resistance area. With market analysis, technical indicators, and price action as your allies, evaluate the potential downside move. Stay vigilant and informed to capitalize on this precious metal's market dynamics.
There wasn't much news of note on the day, except for some news regarding the energy market. Qatar has reportedly suspended LNG transport through the Bab el-Mandeb Strait (Suez Canal). Houthis fire cruise missile at US Navy ship Oil prices have risen, but not by a large amount Political news: William Lai was elected president of Taiwan in Saturday's...
The Australian dollar was among the few exceptions on the day, rising 0.3% as data showed CPI inflation eased in November, but remained well above the Reserve Bank's 3% target of 2%. annual. Core inflation also remains high amid high food and service prices. The dollar index and dollar index futures were mildly mixed during the Asian session on Wednesday, after...
Hey Everyone, Please see our updated 1h chart levels and targets for the coming week. We are seeing price play between support and resistance between two weighted levels for a test and break on either Goldturn to confirm the next level. We have resistance at 2051 for a immediate bullish target and 2036, as our bearish retracement target. We will see price...
Hey Everyone, Please see our updated 4h chart levels and targets for the coming week. We are seeing price play between support and resistance between two weighted levels for a test and break on either Goldturn to confirm the next level. We have resistance at 2061 for a immediate bullish target and 2042, as our bearish target. We will see price range between...
Hey Everyone, Quick update on our daily chart idea, which is playing out and respecting the channel dynamics. As stated last week we were seeing price test the central zone of the channel, which we highlighted to show the flow of the historical challenges in the channel. We were expecting a likely bounce from this support zone inline with historical patters,...