nice and strong breakout, now wait for the correction, then bullish
AUDUSD has just broke a horizontal support level to reach the lowest price since July 2020. On our currency meter indicator on 12H timeframe USD is the strongest of the 6 currencies at an average 71 RSI, with AUD the weakest of the 6 at an average 28.5 RSI. USD has strong headwinds with the recent Fed meeting and markets now expecting as many as 5 rate hikes in...
Daily Market structure is Bullish Weekly trend is Bullish Each session this week has provided an opportunity to join in on the Trend. Looking for pullback to 95.85$ for continuation of trend
Hey tradomaniacs, chaotic market huh? To be honest... I think the current move of US-DOLLAR doesn`t make any sense. I keep it simple and short, otherwise I`d have to break the mold. The data are mixed but do overall show a slowdown in the economy but at the same time rising inflation. Non-Farm-Payrolls: 199.000 less jobs than expected and the worst...
We all know I love triangles and all things related. The decending wedge is like a close cousin and getting back to 69 will be uncomfortable (see fan line levels) But as we all know the show goes on. Target date listed as Jan 31, 2022… This would make for a pleasant new year, and most importantly confirm that we are all positioned in what will lead into a...
FOREXCOM:XAUUSD The blue and red lines mean: I think prices can return in these areas. Green lines mean: I think the price can reach these areas. They are therefore known as transaction targets. If you want to use this deal, please risk only one percent of your account balance.
FX:USDMXN The blue and red lines mean: I think prices can return in these areas. Green lines mean: I think the price can reach these areas. They are therefore known as transaction targets. If you want to use this deal, please risk only one percent of your account balance.
Hey Traders, in the coming week we are monitoring DXY for a buying opportunity around 96 zone respecting the daily supply and demand zone in combination with the bullish trend. Once we will receive any bullish confirmation the trade will be executed. i highly recommend doing US DOLLAR INDEX analysis at the entrance of every trading week if not everyday to trade...
Hey Traders, above is an update about our audusd Trade, in current week i'm looking forwards adding more position around 0.707 Zone. Once any confirmation is noticed the trade will be executed. Trade Safe, Joe.
Hey Traders, above is DXY technical analysis, i always recommend DXY analysis prior to trading USD pairs. currently we are watching a couple of zone for a possible bounce. first one around 95.5 and the second one around 94.4. don't forget to be a bit careful especially after fed Chair Powell speech the last night and fears about the new variant, risk for economy...
OANDA:XAUUSD The blue and red lines mean: I think prices can return in these areas. Green lines mean: I think the price can reach these areas. They are therefore known as transaction targets. If you want to use this deal, please risk only one percent of your account balance.
Our fundamental bias is tilted to the upside for this pair as the FED is expected to hike rates earlier due to inflation fears in the US economy. The JPY is expected to be pressured due to the BOJ assuring the market that they are not planning to raise rates anytime soon. We structurally expect the pair to complete a WXY in a higher timeframe.
Expect to see volatility in the coming weeks followed by a crash BITSTAMP:BTCUSD COINBASE:BTCUSD BYBIT:BTCUSD BITFINEX:BTCUSD INDEX:BTCUSD BINANCE:BTCUSD BITBAY:BTCUSD BITBAY:BTCUSD PHEMEX:BTCUSD OANDA:BTCUSD BITTREX:BTCUSD FTX:BTCUSD BINANCEUS:BTCUSD FOREXCOM:BTCUSD FX:BTCUSD CAPITALCOM:BTCUSD CAPITALCOM:BTCUSD CURRENCYCOM:BTCUSD TRADESTATION:BTCUSD...
Ahead of this week's Federal Reserve interest rate decision. We look at why the markets are turning hawkish on their expectations for the U.S Central bank to raise rates to deal with the high inflation. We look at why this will cause EUR/USD to continue its downtrend when we look at U.S Bond Rates relative to European Bond Rates and how the differential drives...
Dollar index - H4 - I see further upside for dollar long as this h4 demand zone holds well. Main trend for dollar is bullish for weeks to come so only looking to buy dollar on dips or continuation setups.
After a bearish trend and breaking a trend of previous Lower Low It is expected that after a period of accumulation we may expect a bearish trend. Long entry would be advised with a rational stop loss.
The dollar index is approaching a resistance. At the same time, divergences can be seen in the indicators. In case of reacting to this resistance, this index can initially drop to around 93.5 and if it breaks its white support line, it may fall to 92. But if this resistance is broken by the good news, this analysis will be rejected. Technically, there is a high...
Technical-Wise: - The DXY has made a considerable bullish move last week thus creating a imbalance. - I am expecting for USD to weaken and retest any of the blue S&R lines I've plotted on the chart. Fundamental Wise - The FOMC meeting will be held tomorrow and would largely affect prices - The general sentiment is towards hawkish as most expect a tapering to be...