DXY H4 A little more on the calendar today but not masses. We have seen DXY unfold perfectly so far this week, exactly as expected and the dollar is moving in line with recent headlines and fundamentals discussed over the last couple of weeks finally. Lets see if we can pullback to this 104.300 price as indicated with the arrow tool. This could be a great...
Hey Traders, in this week we are monitoring USDJPY for a buying opportunity around 145.500 zone, USDJPY is trading in an uptrend and correction phase in which it is approaching the trend at 145.500 support and resistance zone. Trade safe, Joe.
USDJPY is falling towards a pullback support and could potentially reverse from here to bounce higher towards our take profit target. Entry: 146.559 Why we like it: There is a pullback support that aligns with the 38.2% Fibonacci retracement level Stop Loss: 144.537 Why we like it: There is a pullback support level Take Profit: 149.178 Why we like it: There is...
USDCHF - 24h expiry Broken out of the channel formation to the upside. Short term bias has turned positive. A later dip lower was met with further buying interest and prices settled higher to post a positive day. A lower correction is expected. We look to buy dips. 20 4hour EMA is at 0.8862. We look to Buy at 0.8862 (stop at 0.8834) Our profit targets...
USDCAD is falling towards a pullback support and could potentially bounce off this level to climb higher. Buy entry is at 1.36034 which is a pullback support that aligns with the 38.2% Fibonacci retracement level. Stop loss is at 1.34850 which is a level that aligns under an overlap support level and a recent swing-low. Take profit is at 1.37331 which is a...
To understand the fundamentals at hand we can revert to the USD smile concept. Essentially, this portrays a model where the USD outperforms in times of ‘risk off’ (equity drawdown/higher volatility), and/or when global economic data slows, and the US economy looks 'exceptional'. In the past 24 hours, one could argue that both the left and right sides of the...
-SL @ 150.00 🚫 SLO @ 148.90 (conservative) ⏳ SSO @ 147.75 (moderate) ⏳ TP1 @ 142.66 (shaving 25%) TP2 @ 139.15 (shaving 25%) TP3 @ 136.60 (shaving 25%) TP4 @ 132.60 (closing ALL Sell Orders) BLO @ 129.33 (1D) ⏳ -SL @ 128.25 🚫 ADDITIONAL INFO: 📈 Price Action is nearing our SLO. Just a few more pips to the upside, our SLO will trigger, and it's off to the bank...
– Previous Daily candle closed strong Bearish around 1926.100 as price broke below the Friday Daily Low with clean traffic on the left. – Buys on close above 1929.100 targeting 4h Resistance formed around 1934.100, Leaving Runners to the next 4h Resistance formed around 1938.800. – Sells on close below 1821.200 targeting 4h Support formed around 1917.000, Leaving...
Good day, traders. We're going to focus on USDCAD.On the daily timescale, there is a bullish trend. I'm going to wait for a pullback from the 1.3700 zone to the 1.3300-1.3400 zone before I start watching for potential upward buys.
Hello Traders Our technical view has been shown in the chart. If you like it then Support us by Like, Following, and Sharing. Thanks For Reading Team Fortuna -RC (Disclaimer: Published ideas and other Contents on this page are for educational purposes and do not include a financial recommendation. Trading is Risky, so before any action do your research.)
Good day, Trader. We'll be keeping an eye on USDJPY. Even though the 4-hour timescale clearly shows a bullish continuation pattern, I like to be careful. Before going long, I will patiently wait for price to break out of and retest the 1.46.643 zone, and before considering selling USDJPY, I will be anticipating price to totally take out the 145.953 zone. Recall...
Good day, Trader. We will be keeping an eye on GU at the 1.2718 weekly resistance zone and the 61.8 fib level for a potential pullback to the 1.2557 zone to fill in the zone's existing imbalance. RR 1:2.17, use appropriate risk management, and kindly consider contributing to my work.
Hello Traders Our technical view has been shown in the chart. If you like it then Support us by Like, Following, and Sharing. Thanks For Reading Team Fortuna -RC (Disclaimer: Published ideas and other Contents on this page are for educational purposes and do not include a financial recommendation. Trading is Risky, so before any action do your research.)
Good day, Trader Once I get adequate confirmation at the 1.6488 resistance level and a take profit in the 0.64203 region, I will start shorting AUDUSD. In RR 1:2, effective risk management is used. Please like and follow me if you appreciate my work.
This is an ACTIVELY managed BLOG CONTRIBUTION, which will be UPDATED WEEKLY with comments and trade ideas. | This way, I generate a SERIES for you, where you, as a reader, can - ACTIVELY - learn from the analyses, decisions, & interactions | In the following analysis, I do NOT highlight any specific scenario but neutrally look at the higher timeframes in the...
It has been almost 2 months since we last looked into the GBPUSD pair (see chart below), taking as sell position after the price was rejected on the Channel Up pattern's top: That Channel Up broke downwards, and the last such pattern to remain valid is the one shown on the current chart. The price is below the 1D MA100 (green trend-line) and today hit the...
It appears that USDSGD may be setting up for a multi-day bull run. Last week USDSGD posted a green weekly Heiken Ashi candle and I suspect it may do it again. It is also the case that USDSGD posted a green daily Heiken Ashi candle after multiple red Heiken Ashi candles on the daily. This signals to me that we may be in for a bull run this week.
2023.9.5 USD has hit a new high in recent times Hello, I'm Older Duan. Today is Tuesday, September 5th 2023. Now it's 17pm Beijing time. Let me give you a quick comment on the technical forms of the current international mainstream varieties! First, what we see is the daily graph of the dollar index. As shown in the figure, the US dollar index, after stepping...