We have a busy claendar today for forex traders, with US producer prices data, FOMC minutes and several Fed members set to speak. Clearly this lineup has the potential for some larger moves on the US dollar, and that helps explain why the 1-day implied volatilty level for EUR/USD is nearly 200% of its 20-day average. What’s grabed our attention is that DXY has...
Buy USDCHF Wedge Breakout Price breaks the wedge pattern in M30 chart, its good chance to Buy today as intraday entry. Thank you
EURUSD 11 Oct 2023 Intraday Analysis This is an intraday analysis for EURUSD on 15m chart based on Smart Money Concept (SMC) Daily: 4H: 15m:
EURUSD 9-13 Oct 2023 - Daily This is a high level analysis for EURUSD on Daily chart based on Smart Money Concept (SMC)
USDSGD has recent topped with a beautiful rejection! We had the 50 fibonacci, channel AND an ending diagonal, all indicating a reversal! Now that we've topped, we can look for any pullbacks to add a position for the massive drop. Trade idea: - Watch for pullback - once pullback appears, look for a trendline break or structure rejection - Enter with stops above...
The Dollar Index has just about missed our $108 target, shy of 50 PIPS. However, I still think the DXY will make its way back up. USD markets like USDJPY haven't topped yet & neither has negative correlating markets like Gold bottomed either. I expect the Dollar to to find its top in the coming weeks, with Gold also bottoming soon. Then we'll witness major reversals📈
Now that our short term buy's have been closed out in profit, we can go back to focusing on Gold's mid term view. Option 1; expecting Gold to range within this zone, which'll be used as a chance by sellers to accumulate more positions. Waiting for a strong impulse move down, followed by a retest of the grey zone (Wave 4) so we can enter the next sell...
Hey Traders, in today's trading session we are monitoring EURUSD for a buying opportunity around 1.05200 zone, EURUSD is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 1.05200 support and resistance area. Trade safe, Joe.
Hey Traders, in today's trading session we are monitoring NZDUSD for a buying opportunity around 0.59700 zone, NZDUSD is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 0.59700 support and resistance area. Trade safe, Joe.
We saw gold gap up which I believe needs to be closed, with a drop down to support around 1834, but may go further. The Israel Palestine conflict caused the buying of gold, however as a non-yield bearing asset it's less attractive than USD, and a strong USD is bad for gold, so I think we may even see a fall back down to the bottom of the channel at 1800. If it...
The EURUSD pair is emphatically breaking above the 4H MA100 (green trend-line) with the only time it has done so since this July Channel Down started being on August 30. The signal to sell has always been a 4H MACD Bearish Cross, so this is what we will wait for in order to lower the risk. If successful, we will target 1.0400 (-2.33% decline as the previous...
As the DXY weakens, this has led the GBPUSD to climb steadily to the upside testing the resistance level of 1.2280, which also coincides with the 61.80% Fibonacci retracement level from the longer term. However, the UK FPC is due to release its statement and minutes which could see a sharp reversal if the sentiment is dovish. A break of the resistance level...
The EURUSD approaches the 50% fib retracement level from the longer term and the resistance level of 1.0620 This move has been driven by the weakness of the DXY as markets consider the increased possibility that the Federal Reserve could continue to keep interest rates at the current level. Look for the EURUSD to break above the immediate resistance level and...
As crude oil prices climb due to the geopolitical conflict, has resulted in the Canadian Dollar gaining strength. With the prices testing the 1.36 price level, the idea was a bounce above the 23.60% fib retracement level could see a continuation to the upside. However, with the DXY weakening, look for the USDCAD to break below the longer term fib retracement...
EURUSD / 4H Hello Traders, welcome back to another market breakdown. EURUSD has been trading in a down trend, the price has deviated above old highs forming a wedge pattern with 3 touches, which is a reversal pattern. Safe play would be to wait for the pull-back to previous S/R level showen on the chart. Trade safely, Trader Leo.
YOY inflation for Denmark released at 0.90%! What does this mean for the DKK... A possible rate cut. In other words, the potential end of the DDK selling. its We may now see USDDKK end its current uptrend. Price could become indecisive or even move off key resistance at 7.1000. I can't wait to see what happens!
EURUSD 10 Oct 2023 Intraday Analysis 15m This is an intraday analysis for EURUSD on 15m chart based on Smart Money Concept (SMC)
EURUSD 10 Oct 2023 Intraday Analysis 4H This is a high level analysis for EURUSD on 4H chart based on Smart Money Concept (SMC)