U.S. Dollar Index
After the previous detailed analysis on DXY, which we recognized the correction well, we have now reached an important order block in the 4-hour and daily time frame. If this important level is broken, the next level can bring the price back to the target.
Detailed trading plan for USDJPY. Price action analysis & key levels. Potential scenarios. Trading recommendations. ❤️Please, support this video with like and comment!❤️
The USD/CHF pair on the M30 timeframe presents a potential selling opportunity due to a recent downward breakout from a well-defined bearish channel pattern. This technical setup suggests a shift in momentum towards the downside and a higher likelihood of further declines in the coming minutes or hours. Key Points: Sell Entry: Consider entering a short position...
The XAU/USD pair (spot gold) on the M30 timeframe presents a potential buying opportunity due to a recent upward breakout from a well-defined bullish channel pattern. This suggests ongoing buying pressure and a higher likelihood of further advances in the coming minutes or hours. Key Points: Buy Entry: Consider entering a long position (buying) around the...
– Monday Daily candle closed weak Bullish around 2160.400 forming weak Daily Support around 2156.000. I’ll be looking for potential Buys above 2164.400 targeting 1h Resistance around 2172.000 and Weekly Resistance around 2179.200, I’ll be looking for potential Sells below 2154.400 targeting recent 4h Support around 2147.300 and next Hourly Strong Support around...
The USDCHF pair is on very critical crossroads as for the past 5 weeks it has been testing the 1W MA50 (blue trend-line) but has so far failed to close a 1W candle above it. Going back to late September 2023, we can see that the 1W MA50 has been again tested for successive weeks, but again failed to close a candle above it. In fact the last time it did was back on...
BUY ABOVE - 5124 SL - 5113 TARGETS - 5131,5140,5150 SELL BELOW - 5113 SL - 5124 TARGETS - 5104,5091,5083 NO TRADE ZONE - 5113 to 5124 Previous Day High - 5131 Previous Day Low - 5104 Based on price action major support & resistance's are here, the red lines acts as resistances, the green lines acts as supports. If the price breaks the support/resistance, it...
Currently, the price is still in the upward trend phase. Wednesday, March 20, is very important for the movement of gold. Because the Federal Funds Rate will be determined. Price is inside a classic corner pattern. And both up and down directions are possible. (This is just a personal opinion)
After the previous ultra detailed analysis, we have a strong resistance in this important zone. We have the possibility of correction to the specified zones and then growth to the initial target of 1.1 - 1.102.
TVC:DXY With the confirmation of rebound from the fibo retracement, 80% USD will break the downtrend line. The 20% is, it will do the fake continuous downtrend before it breaks the trendline.
Here is my latest structure analysis and important key levels to watch on EURUSD next week. Consider these structures for pullback/breakout trading. ❤️Please, support my work with like, thank you!❤️
– Previous Weekly candle closed Bearish around 2156.000 forming Daily Resistance around 2179.500, Friday Daily candle closed Bearish breaking below recent Daily Support formed on Wednesday last week. I’ll be looking for potential Buys above 2160.800 taregting 1h previous Support formed at 2166.800 and 1h Resistance around 2172.600. I’ll be looking for potential...
The AUDUSD pair is forming today a 1D Death Cross, as the 1D MA50 (blue trend-line) is crossing below the 1D MA200 (orange trend-line), for the first time in 11 months (since April 14 2023). Obviously it is a major technical sell signal and in fact the price action since the start of the year (Channel Down), is very similar to the one of early 2023. The 1D RSI...
Hello Traders ! On Friday 8 March, The EURUSD Reached a Resistance Level. The Price Formed a Bearish Double TOP Pattern. So, I Expect a Bearish Scenario: If The Market Breaks The Support Level and Closes Below That, We Will See a Bearish Move... TARGET: 1.08080🎯
USDJPY fluctuated insignificantly in the past session, still slowing down before the resistance area of 149.5. This may change today with the BoJ's new policy decision. You should patiently stay outside and observe, in case new notable bearish signals appear, especially on the daily frame. You may consider selling. This selling strategy only changes when the...
💵 DOLLAR_INDX, H4 💵 18 March 2024 The Dollar index strengthened against major currencies in anticipation of the Federal Open Market Committee's (FOMC) monetary policy decisions. Last week's higher-than-expected US producer and consumer price indexes raised hopes for a hawkish stance from the Federal Reserve. All eyes are on the Fed meeting for clues on the...
Daily is winding up to an inflection point, while the weekly is getting close as well. I'm favoring the bearish break; but there is a chance for a bullish reversal- so time will tell. What I can say is that we're approaching a conclusive point in time that will send price with signifcant momentum in either direction. When I look for an inflection point I watch for...
Monthly is winding up for a big drop or huge jump. Monthly: Weekly: Daily shows price winding up potentially the rest of the year. So I will look towards year end for the fireworks, that will decide if our pent up momentum will release upwards or downwards. My gut says inflation will send it upward in the near future.