Australian 🦘 dollar vs US dollar i am watching it closely as in the next week i see a flying in the pair as Australian dollar is getting stronger against US dollar index
Technically i am watching that the rally upwards will complete its 68% of Fibb retracement and after this i am expecting flying in AUD
Once price mitigates and retests the daily demand zone I’ve marked out, I’ll be looking for the dollar (DXY) to trigger another bullish move within this point of interest (POI), potentially leading to a rally that could take out another all-time high (ATH).
Upon reaching this daily demand, I’ll focus on finding a lower time frame entry. As price pushes up, taking...
US Jobless Claims Surge, EUR/USD Rebounds Amid Mixed Market Sentiment
The latest U.S. Initial Jobless Claims for the week ending October 4 unexpectedly rose, reaching 258,000—marking the highest level of new jobless benefit seekers since June 2023. This spike has captured the attention of market participants, as it hints at rising unemployment pressures in the...
The USDHKD pair just formed a 1W Death Cross this week but the current 1W candle is a green one. The reason is that it is rebounding after reaching last week the 2-year Support Zone. We believe that we will see an aggressive rise next that will approach the Lower Highs trend-line. Our target is just below it at...
The U.S. Dollar Index is heavily bullish on its 1D technical outlook (RSI = 65.833, MACD = 0.380, ADX = 45.822) as it has been rising strongly since the Sep 27th Low, not over its 1D MA50. The price action is identical to the rebound that was initiated on December 28th 2023 and reached the 0.618 Fibonacci level only to get rejected there back to the 0.5 Fib....
The US Dollar Index (DXY) experienced daily losses yesterday, following the release of softer-than-expected labor and inflation data. Despite these immediate setbacks, the broader outlook for the US economy remains positive, with recent indicators highlighting a level of growth that continues to exceed forecasts. The market’s reaction to the data, however, has...
The USDCAD pair has been rising since the September 25 Low, all inside a 2-year Rectangle pattern of a wide range. The 1D RSI is about to enter the 70.00 overbought zone and every time it has done so within this pattern, a little later it got rejected to at least the 1D MA50 (blue trend-line).
As a result, we will wait until 1.38500 and sell, targeting 1.36000...
Hello fellow traders , my regular and new friends!
Welcome and thanks for dropping by my post.
Last week, we mentioned that likely USD has more upside. It did climb higher and i did have some longs on Usdjpy and it was decent.
Current level put USD at last daily chart consolidation area,which also happen to be flip zone in the past (refer to chart).
Breaking up...
Hey Traders,
lets get ready to see the dollar index (DXY) take some step down
simple what are we waiting for on the XXXUSD we are anticipating a BUY from the bottom
price fixing below
EMA's
Conversion line
200ema
is a good sign to sell this and BUY ALL XXXUSD at a right point
thanks for reading,if you want more content like this drop a comment below...
USDJPY had a rally upwards and now it seems like it has completed its upward move now we are heading downstairs now i am expecting a downward move starting as it has reached its daily Resistance level and it seems like it will start a rally downards another situation is if it breaks above the resistance it will rally upwards
The US Dollar Index (DXY), a critical gauge of the dollar's performance against a basket of major currencies, recently encountered a significant demand area at 100.53. This pivotal point has historically acted as a fulcrum, influencing the currency's trajectory. Interestingly, this interaction coincides with a notable downturn in the commitment of traders (COT)...
The EUR/USD pair on the H1 timeframe presents a potential selling opportunity due to a recent downward breakout from a well-defined Bearish Flag pattern. This suggests a shift in momentum towards the downside in the coming Hours.
Key Points:
Sell Entry: Consider entering a short position around the current price of 1.0937, positioned close to the breakout level....
The GBP/USD pair on the M30 timeframe presents a potential selling opportunity due to a recent downward breakout from a well-defined Bearish Channel pattern. This suggests a shift in momentum towards the downside in the coming Hours.
Key Points:
Sell Entry: Consider entering a short position around the current price of 1.3060, positioned close to the breakout...
US Dollar Index (DXY) has reacted off the pivot which has been identified as an overlap resistance and could drop to the 1st support level which acts as a pullback support.
Pivot: 103.03
1st Support: 102.36
1st Resistance: 103.67
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can...
Introduction
The release of Consumer Price Index (CPI) data is a highly anticipated event in financial markets, often influencing investor sentiment, currency valuations, and risk appetite. A hotter-than-expected CPI print, indicating higher-than-anticipated inflation, has significant implications for monetary policy decisions, particularly interest rate cuts....
News CPI for USD tomorrow, more impact on currencies than US100
It has followed our large uptrend since 1rst of cotober now ;
it is now looking to push through the purple key level, which is pretty weak and ready to be broken ;
Some zig-zag expected tonight, as usual, before tomorrow big launch into space
EURUSD has turned completely bearish as after the Sep 25th rejection, it broke under the previous Channel Up and formed a Death Cross on the 4hour time frame.
It continues to be a similar sequence of events as the post December 28th 2023 High.
We expect a similar Channel Down to lead the price lower and every MA50 (4h) test will be a sell opportunity.
Sell and...
Hi Traders !
The GBPUSD failed to break the resistance level (1.32988 - 1.31804).
The price broke the support line !
So, I expect a bearish move📉
____________
TARGET: 1.30490🎯
