Hey Traders, the last week USD data were all positive including NFP, Retails sales and other news as well which signal more pressure of rate hikes... we've noticed the last week that USD was outperforming major currencies but in Friday we had sort of a correction. how can we explain that? Simply just traders taking profits from their USD longs before market close...
The pair is trading inside the MA50 1D and MA200 1D for the past 2 weeks. If the RSI 1D crosses above its MA (white line) it is a bullish signal, which has worked 4 times since July 2022. If the price crosses under Support Zone (1), it is a bearish signal. Trading Plan: 1. Buy if the RSI crosses above its MA. 2. Sell if the price crosses under Support Zone...
EURUSD is under both the MA50 4H and MA200 4H. Two Channel Down patterns spotted, price within both. Death Cross 4H formed at the start of the week. Trading Plan: 1. Sell as long as the price trades below the MA50 4H. 2. Sell extension if Support (1) at 1.04850 breaks. Targets: 1. 1.05000 (above Support 1). 2. 1.03350 (above Support 2). Tips: 1. The MA of the...
yesterday we created a CHoCH and now we came back up to our OB. In the NYC session we created a BOS and now we waiting for BTC to come up to 24'800 and then we can see the price moving down to 21'500 What do you guys think? Please leave a like and comment what you think! Thanks and have a great Weekend!
Spot the 4 patterns. With Dollar Index (DXY) plotted below for comparison. It's a shame the USD/CNY can't serve as a leading indicator for USD-pairs, but its analysis shows you WHEN to enter the USD-market, long or short, and catch the big waves. The most notable are the periods of sideways trading. Looking at USD/CNY, those are really calm and composed, while...
The USD/CAD pair appears to be forming a Daily Bias retracement to continue the rally that I expect to continue through the remainder of the week. There is important news at 8:30 New York time, potentially at that time the entry of purchases breaking the lows of the Asian range and rising, a classic Judas Swing movement. The time of the news (UTC-6) appears in the...
#dxy: Yikes, the measured move from this potential head and shoulders is to around 87.s
This here is a sell to buy trade. We are catching the retracement on Gold (Wave 2), before re-entering more sell positions from the supply zone & targeting new high's around $2,160 - $2,240. Want to keep up to date with the analysis. Drop a like, follow and let me know what you think👇🏽
One of 2 ways we see that this NZD/USD trade can play out. High Risk Reward Ratio.
The EURUSD pair is under the 1D MA50 for the third straight day, turning oversold on the 1D time-frame (RSI = 40.326, MACD = -0.002, ADX = 27.225). This is adding extra sellig pressure on the price with S1 being the first support on its way to lower trading levels. The Fibonacci retracement levels are particularly useful on this price action and assuming the...
4H candle has big wick , possible for support to be found and GBP might make a pullback Trade safe guys, this is not advice, trade on your own, just my view
Hi guys, we are back on the charts again! Today I will be talking about GOLD and upon the recent fundamental backdrop that has taken place. Fundamental context 1. US data has came out very resilient and strong 2. Last month labour market and NFP data proves to be extremely resilient 3. CPI came out hot, signifying inflation has a longer runway for it to cool...
********************MEGAPHONE PATTERN******************** This is a personalized analysis based on trends, strength of drives and potential moves.
Gold now running 1,100 PIPS in profit for Gold Fund investors😍 Seeing some nice downside movements in the market, which is bad for the economy, but good for us🩸 CPI data came in higher once again showing the deteriorating economy. Last CPI was manipulated, in order to bring stability into the markets & now they re-released the real data, showing how bad inflation...
This is a personalized analysis based on trends, strength of drives and potential moves.
USDCHF on the 4h chart creates a series of lower low lower high inside a descending channel . After the test of the support level at the 0.91 zone the market create an impulse to the upside and is currently testing the previous higher low at a daily resistance zone. If the market is able to successfully break above the structure, it could signal that the upward...
As expected in recent days, the GBP/USD made a double top at the 1.2400 area, and a continuation of the bearish flag with today's breakout should push the currency to the bottom of the chart for a bearish continuation.