we should get continuing bear pressure after we get a full pull back. Price definitely wanting to go bearish so I will continue to monitor for the solid move down.
#DXY is preparing for next step of moving up and this bullishness will bring more volatility. Bad for #crypto #btc #commodities #stocks etc. Hard price declination will be the invalidation. Not financial advice.
Hello traders, I want share with you my opinion about British Pound. Looking at the chart, we can see how the price fell to the seller zone, which coincided with the resistance level and at once bounced up, but soon GBP turned around and made impulse down lower 1.2580 level, breaking it. After this movement, the price started to rise inside the upward channel,...
The US Dollar Index is showing a bearish chart pattern after having made a strong rally since the beginning of 2021. We are now seeing a correction that will most probably end in some kind of consolidation, which should take it down near the 100 mark. In the meantime, the EUR and GBP are booking some gains against the greenback!
Traders, In today's trading session, our focus is squarely on GBPUSD, where we're eyeing a potential selling opportunity around the 1.25100 zone. GBPUSD recently breached a significant support area and is currently in a correction phase, with the price approaching the retrace zone at 1.25100. Adding depth to our analysis, let's delve into the fundamental...
The EURUSD pair has been consistently making lower highs, indicating a loss of bullish momentum. This pattern suggests the potential for a breakdown below the current support, eyeing a move towards the major support zone. Traders should watch these levels closely for signs of continued bearish movement.
Traders, In today's trading session, our sights are set on USDJPY, where we anticipate a potential buying opportunity around the 153.500 zone. USDJPY remains entrenched in an uptrend, presently undergoing a correction phase as it nears the pivotal support and resistance area at 153.500. Diving deeper into our analysis, let's explore the fundamental landscape...
Greetings Traders, Key Levels Around 1.0700: Today's R1, Previous Day's S1, March S1, and a strong reversal point all converge around 1.0700, indicating significant levels to monitor. Yellow Bullish Channel: It's imperative to watch for any breaks below the yellow bullish channel, as this could invalidate our current analysis. Take Profit Targets: TPs are set...
This is just a "prediction" on what may occur on EURUSD. Price has reversed to the upside since bottoming out on the 2nd of April 2024. This coincides with the US Dollars seasonal tendency. However, I have been bullish dollar and expecting a continuation of lower prices on XXXUSD currencies. Currently, I am waiting for a reversal to occur, preceded by a final...
The GBPUSD pair has been trading within a Channel Down (dotted) since the March 08 2024 High, which can be considered a Lower High on a potentially emerging (dashed) Channel Down. At the same time, the downside on the long-term is limited by a Higher Lows trend-line that was initiated on the March 08 2023 Low. We will formulate our strategy accordingly. On the...
This is my Intraday analysis on EURUSD for 15 Apr 2024 W16 based on Smart Money Concept (SMC) which includes the following Time Frames: 4H 15m 4H Chart Analysis 1. Swing Bearish Internal Bearish Pullback Phase 2. Swing continuing bearish following the HTF Bearish Trend. Expectations is set for the Swing to stay bearish to fulfill the...
Yen weakness despite... BoJ Exited negative rates regime Increasing geopolitical uncertainty Gold at historic highs of 2430 In 2022 and 2023, when the USDJPY approached the 152 price level, open/discreet intervention was in place to strengthen the Japanese Yen. However, in 2024, the USDJPY has now surged past the 152 resistance level, with the Japanese...
Hello hello, guys! We have a new week ahead. Here is my analysis for my bias moving forward. For those who are lazy, I am basically bullish on the Dollar and bearish for XXXUSD pairs. But I suggest going through the video as I explain how I came to this bias as well as offer analysis for each of the major Forex pairs. We are in turbulent times, so trade safe out...
USD/CAD is falling towards a support level which is a pullback support that aligns with the 50% Fibonacci retracement and could bounce from this level to our take profit Entry: 1.37268 Why we like it: There is a pullback support level which aligns with the 50% Fibonacci retracement Stop loss: 1.36618 Why we like it: There is a pullback support level which aligns...
Price is rising towards a resistance level which is a pullback resistance that aligns with the 50% Fibonacci retracement and could reverse from this level to our take profit. Entry: 0.59686 Why we like it: There is a pullback resistance level which aligns with the 50% Fibonacci retracement Stop loss: 0.60084 Why we like it: There is a pullback resistance level...
XAG/USD is rising towards a resistance level at 28.515, which is a pullback resistance that aligns with the 38.2% Fibonacci retracement. A reversal from this level could lead the price to drop to our take profit target. Entry: 28.515 Why we like it: There is a pullback resistance level which aligns with the 38.2% Fibonacci retracement Stop loss: 29.621 Why we...
AUD/USD is rising into a resistance level which is a pullback resistance that aligns with the 38.2% Fibonacci retracement and could reverse from this level to our take profit. Entry: 0.64907 Why we like it: There is a pullback resistance level which aligns with the 38.2% Fibonacci retracement Stop loss: 0.65475 Why we like it: There is an overlap resistance...
EURUSD is bearish on the weekly timeframe and in a downtrend channel. The next target is 1.05 and with a break of 1.05 would lead to parity and below parity to the lower channel of the downtrend at major demand (support zone) at level 0.85.