EURUSD is correcting. The price is approaching a peculiar confluence zone based on 382 / 50 retracements of the last 2 bearish impulses and a horizontal demand area. Probabilities will be high that a bullish move will initiate from that structure next week. Wait for a confirmation to buy on lower time frames. ❤️Please, support my work with like, thank you!❤️
Hey Traders, in tomorrow's trading session we are monitoring EURUSD for a buying opportunity around 1.06900 zone, EURUSD was trading in an uptrend but successfully managed to breakout the trend with USD weakness that got triggered by a dovish FOMC. EURUSD now seems to be in a correction phase in which is approaching the trend around 1.06900 support and resistance...
The EURUSD reversed strongly from the 1.0925 resistance level toward the end of last week, as the DXY strengthened. Breaking through the bullish trendline, the EURUSD traded down toward 1.07 (which coincides with the 50% Fibonacci retracement level) before consolidating along the current support level of 1.0765. With the EURUSD consolidating at the moment, look...
EURUSD has dropped to 1,0712 and confirmed our expectations. We’re continuing sales after the correction. A calm week is expected without big news. The goal is continuation of the downside move and heading towards 1,0500. 1,0930 is an important level that should not be crossed.
Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. GBPUSD is has been overall bearish trading inside the falling brown channel, and it is currently sitting around the upper brown trendline. So we will be looking for sell setups. Moreover, the blue zone is a strong resistance. 🏹 So the highlighted purple circle is a strong...
On the H4 timeframe, Gold forms a double top chart pattern (20th March & 24th March) as the 2000 level holds strong resisting further upside moves. On the H1 timeframe, a similar double-top formation is formed on the 24h of March. It is likely that the recent strength of the DXY and the formation of these chart patterns led to Gold trading lower, to the 1970...
Get ready for a week of exciting opportunities with the DXY! Our analysis shows that we have broken a major swing low, indicating a potential shift towards lower prices. However, we also broke a major high, signaling a bullish week ahead for the DXY. We've identified several demand zones below and a selection of supply areas above our current price action. Our...
Initial expectation was for the USDJPY to break below the 130 support level and trade significantly to the downside, with the next key support level at 128.13. However, on Friday, the DXY recovered in strength which saw the USDJPY bounce from the 130 support level to trade up toward the 131 interim resistance level. While the bearish trendline continues to apply...
On Friday, the DXY rebounded strongly from the 102 support level to trade up toward the 103.50 resistance level which coincides with the 50% Fibonacci retracement level from the longer term move and the 78.6% Fibonacci retracement from the week's downward move. This retracement higher was not driven by a news release and is likely a technical retracement. The...
At this level we saw a pin bar on daily... lets see how much it can pullback upwards. Generally uj is on the down on daily and h4 timeframe. Bias generally down Hello there! If you like my analysis and it helped you ,do give me a thumbs ups on tradingview! 🙏 And if you would like to show further support for me, you can gift me some coins on tradingview! 😁 Thank...
AUDUSD pair successfully broke below the wedge pattern as I mentioned in the previous analysis. However, it seems that more liquidity is needed to support the downward movement. It's likely that the price will undergo a corrective movement towards the level of 0.6680, which is a very important level where the broken trendline, Fibonacci level 23.60, and the moving...
SELL @ 1.22800 Sl @ 1.23550 Tp @ 1.20000 Expecting dollar strength
Here is my outlook on GU this week. Please comment below if you have any questions.
Hey Traders , Bitcoin has been leading the charge, with dominance over the rest of crypto increasing over the past week. Bitcoin climbed to hover around $27,000 Friday morning as cryptocurrencies in general continued to rally. Traditional markets were trading lower. Bitcoin on his bullish mode while bank crisis keeps falling , so he just breaks a new resistance...
Here is my latest structure analysis for USDJPY. Resistance 1: 132.46 - 133.25 area Resistance 2: 135.0 - 135.8 area Resistance 3: 137.36 - 137.9 area Support 1: 129.64 - 130.7 area Support 2: 128.09 - 128.7 area Support 3: 127.2 - 127.8 area Consider these structures for pullback / breakout trading. ❤️Please, support my work with like, thank you!❤️
The greenback could be relatively stable in the near term. There is some potential for safe-haven support for the U.S. dollar, but further Fed tightening should be modest, and global central bank actions to make dollars more readily available will likely provide an offset to potential dollar strength. Thus, we expect the U.S. currency to come under renewed...
The EURUSD broke through the 1.080 resistance level quickly, but was just as quickly rejected and closed below the level, returning to the channel it was previously moving in. I expect the price to retest the resistance at 1.080 before falling to the strong monthly support level at 1.067, where it coincides with the 61.8 Fibonacci and the 100 and 200 moving...
Looking at the history of this chart I can say with confidence that this is one of the worst charts I have ever seen. How the whales pumped and surpressed this coin to the ground is just mind-boggling. Technically Polkadot was in a bear market forever. Till now. It's actually about to break one of the hardest resistances since 1,5 years. After that it will create...