The GBPUSD bounced off the 1.1950 price area to approach the 1.2050 price level. Speculation that a deal regarding the Northern Ireland border (arising from Brexit) is close to being reached has brought some renewed upside on the GBPUSD. However, the downward pressure on the GBPUSD maintains due to the bearish trendline providing resistance to any upside...
The U.S. Dollar Index (DXY) came close o the 105.650 Resistance of the January 06 High and currently has been rejected. This was a level that failed to break above the 1D MA200 (orange trend-line), which is holding as Resistance since December and is also inside the Pivot Zone that formed three rejections and one rebound since May 13 2022. With the RSI almost...
EURUSD / 4H Hello traders, welcome back to another market breakdown. EURUSD is probably targeting the lows for now. I'll wait for a pull-back to get a position on this pair. Checkout the chart for what can be a good setup for the bears. Tarde safely, Trader Leo.
Euro is getting weaker and for now, i have a bearish bias on HTF LTF looks bullish and we can see some up moves where to can profit from B stands for balanced price we can use this for where price needs to come, to continue the trend in this case, it balanced price but I can go for a second round!
Welcome to Team Decrypters We think GOLD can go more down side base on BPS AND DXY High Chances of it Because of 15th march interest Rate 50 BPS , A bounce from support little bit and than Drop to ASHES
A likely probable trade. Bare in mind, Gold is nearing towards the end of its correction now, so price will move real slow around current prices. After 1 final swipe around $1,750 - $1,730 I expect the bull run to resume and target new ATH'S.
The US 10 Year Yield is getting ready for another move to the upside, which shows us that the current falling wedge pattern it is correcting inside of, is considered Wave 4 of the Elliot Wave theory. I am expecting this to rocket up for the time being, alongside the Dollar Index. US10Y - DXY = Positive Correlation US10Y - XAUUSD = Negative Correlation
Hey traders, in today's trading session we are monitoring USDCAD for a buying opportunity around 1.35 zone, once we will receive any bullish confirmation the trade will be executed. Trade safe, Joe.
Hello Traders! 🔻Potential BUY setup for: USDCAD 👨💻 Technical: Trending up nicely on all timeframes, currently on a bullish channel if the news does not affect USD too much I expect a continuation to re-test previous higher timeframe resistance levels. 🎯 For an ideal entry: Best scenario if it manages to pullback to the ma's nicely and start showing bulls...
Hello Traders! 🔻Potential SELL setup for: EURUSD 👨💻 Technical: Okay so a pullback is definitely happening, however it could bounce off the 20 moving average rather then top of the channel, so it touches MA you could look for entry if you get a candlestick confirmation. 🎯 For an ideal entry: I still believe the ideal entry would be somewhere in between two...
hi guys i can see a doblle top and break the resistance it can drop equal
Hello guys, Everything is explained on the chart for you like always. The price entered our target area and sell positions closed and buy position was activated at 1.0537. Now you can manage your positions until reach the target. Good luck. If you like the idea, do not forget to support with a like and follow me for next analysis :)
Details on chart - looking to continue the Dollar Domination sentiment ahead of more USD data
As described in our last idea, AUD/USD, after the breakout of the dynamic trendline and the SELL signal appearing in our chart, is falling with a new direction of 0.65500 as the target. More downside in the Aussie asset looks favored as investors are channeling their funds into the US Dollar Index (DXY).
The NZDUSD found the 0.6190 price area on Friday and as the price rebounded from the support level, this formed a Bullish Divergence (the price formed a lower low, while the MACD formed a higher low). Looking at the 0.64 price area as a possible target level for the reversal. With the RBNZ interest rate decision due in the week ahead, this could provide an...
I've been very bullish on the USDJPY (sustained yen weakness combined with US dollar strength) A couple of conditions have led to this bullishness 1) Got interested; price broke above the downward trendline 2) First confirmation; price broke above the 23.60% Fibonacci level (133 price level) Now I'll be additionally bullish if the price breaks above the 38.2%...
Trade Idea: Selling NZDUSD Reasoning: Double top confirmed on the Daily. Bearish flag on the 60min. Entry Level: 0.6153 Take Profit Level: 0.6022 Stop Loss: 0.6177 Risk/Reward: 5.56:1 Disclaimer – Signal Centre. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in...
As the DXY strengthened, Gold broke the 1819 support level to trade lower, also resisted by the downward trendline. Currently consolidating along the 1812 level, Gold is likely to continue sliding lower to test the round number level of 1800. If the price breaks below 1800, the next key support level is at 1785. Overall, it is hard to anticipate sustained...