EURUSD is up almost +1.80% since the October 3rd low and the 1D technical outlook switched back to a neutral state (RSI = 48.454, MACD = -0.004, ADX = 28.741). The 1D MACD is after a Bullish Cross and that's typical of the last two market Lows turned into bullish reversals. To be more precise, both of those patterns formed W-reversals before testing the 1D MA50....
USDCNY is extending the strong bullish pattern inside the nine month Channel Up. The neutral 1D technical outlook (RSI = 53.450, MACD = 0.011, ADX = 34.492) indicates that the current level is a good buy opportunity, especially since the 1D MA50 holds. A crossing under the 1D MA100 however invalidates the bullish trend. Until then, we are long aiming at the 2.5...
The USDNOK pair is trading within a 1 year Channel Up with the price above both the 1D MA50 (blue trend-line) and 1D MA200 (orange trend-line). Last week's rejection on the 0.786 Fibonacci retracement level is similar with the one in March 16 2023, which after pulling back to the 1D MA50 and was contained above the 0.382 Fibonacci, it reversed upwards to a new...
EUR/USD - H1 Chart - Channel Breakout Pattern Its good chance to buy at Support Zone. If you found my post helpful or informative, could you please leave a comment ๐ฌ๐ and hitting that like button๐๐ โMarkets are never wrong, but opinions often are.โ-Jesse Livermore Good Luck๐๐
In early European trading, the US dollar is holding steady ahead of the release of key inflation data and the Federal Reserve meeting minutes. The Dollar Index is near a two-week low at 105.557, reflecting recent dollar weakness. Dovish comments from Fed officials have contributed to this weakness, suggesting the end of interest rate hikes. Atlanta Fed President...
i will buy from there, its perfect zone for buyers .. lest see . what will happen Note Trade at your own Risk!
EURUSD has been quite profitable for us as of late (see chart at the bottom) as it delivered both the sell and bottom buy we wanted. The price hit the top today and logically got rejected. There is a Rising Resistance involved on the 0.618 Fibonacci level like on the August 30 Lower High. As long as it doesn't close a 1day candle over the 0.618 Fibonacci, sell...
GBPJPY still up 700 PIPS in profit so far from our Wave V POI. Very similar to our USDJPY long term bias; one final leg up before the long term downtrend starts. These sell's will be the start of MULTI-YEAR downtrend. Getting ready to enter sells๐ช
Still waiting for a strong impulse move down from 1 of our 2 zones. Right now it's a waiting game & being patient in the markets. As soon as the sell off happens our entry zone will become more clear, as we'll wait for a retest from a MINOR supply zone.
USDINR is trading inside an Ascending Triangle on the 1W timeframe, with the 1W technical outlook constantly bullish (RSI = 59.515, MACD = 0.267, ADX = 38.795). This is despite 8 failed attempts in the last 9 weeks to close a 1W candle over the top of the Ascending Triangle, which on any other occasion would be considered a sign of weakness. With the 1W MACD on a...
I Believe will we see a new era of economic Collapse in up coming Years. I don't know what will happen geopolitically, But you can see it has already started and happening all around the world. The Chart tells me USD Willing to go see the last 2 decades High. if you check COT Data, The commercials already accepted that this is a solid Low for USD Index. it's a...
According to Matthew Dixon (@mdtrade), the CEO of Evai, an AI crypto rating platform, XRP could be in for some turbulent times. Dixon is an investment trader and financial expert, and his analysis suggests that XRPโs future could be a mix of highs and lows closely tied to the performance of Bitcoin. Dixon presented his prediction using a daily XRP chart,...
Hey Traders, in today's trading session we are monitoring DXY for a selling opportunity around 106.400 zone, DXY is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 106.400 support and resistance area. Trade safe, Joe.
Hey Traders, in today's trading session we are monitoring USDJPY for a selling opportunity around 145 zone, USDJPY is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 145 support and resistance area. Trade safe, Joe.
Today we saw the Mexican inflation come out lower than expected but it is not where the Mexican central bank wants it to be yet. For that reason, the work to slow inflation down is not done yet and they will have to at least keep the rates high... On the technical side, we see price failing to create a new higher high and we just broke below the structure for a...
Hey Traders, in today's trading session we are monitoring USDCHF for a selling opportunity around 0.90600 zone, USDCHF is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 0.90600 support and resistance area. Trade safe, Joe.
EURUSD multiple time frame analysis. Important key levels. Price action analysis. Trading plan. โค๏ธPlease, support my work with like, thank you!โค๏ธ
NZDUSD reached a solid horizontal resistance. Approaching that, the price formed a rising wedge and a double top patterns on an hourly time frame. Both the neckline and a support of the wedge were broken. It is an important sign of strength of the bears and a local change of a character. I anticipate a retracement to 0.600 / 0.599 โค๏ธPlease, support my work...