Hello Traders After the FED interest rate decision, USD markets faced some volatility, now it seems the DXY market has decided its direction. DYX had an upward momentum from "28 Dec 2023" until mid of "Feb 2024", we faced some correction after that until 8 March when NFP and Unemployment news were released. Since then DXY has been rising slowly but surely, We...
💵 DOLLAR_INDX, H4 💵 25 March 2024 The Dollar Index continued its upward trajectory for a second consecutive week, bolstered by the robust performance of the US economy and heightened expectations of interest rate hikes. The potential yield disparity between the US Dollar and other major currencies remained a significant driver, underpinning the greenback's...
Here is my latest structure analysis and important key levels to watch & trade on EURUSD next week. As always, consider these structures for pullback/breakout trading. ❤️Please, support my work with like, thank you!❤️
Hello Traders ! On The Daily Time Frame, The US Dollar Index Reached a Support Level. Currently, The Resistance Line is Broken! So, I Expect a Bullish Scenario: If The Price Breaks and Closes Above The Resistance Level ! We Will See a Bullish Move... TARGET: 104.810🎯
Dollar Index broke and closed above a key daily horizontal resistance, forming a strong bullish imbalance. The broken structure turned into a demand zone. I anticipate more growth. Next resistance - 104.85 ❤️Please, support my work with like, thank you!❤️
Multi-Timeframe Technical Analysis for USD/JPY 1. Monthly Time Frame: - Key Observation: Noticeable rejection of the USD/JPY price at a significant support level, indicating potential bullish sentiment or a reversal point. - Additional Note: High liquidity observed at price highs, marked by two equal highs, which could signify resistance zones. 2. Weekly...
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🎯
The NZDUSD pair easily broke above the former Channel Down on our last buy signal (October 27 2023, see chart below) and then went on a slow long-term retrace: The restructured pattern is close to forming a Death Cross on the 1D time-frame, which would be the first since July 06 2023, a formation that turned out to be a buy signal. As the 1D RSI broke below...
EURUSD has erased most of yesterday's "Fed fuelled" gains with a strong 1D red candle that turned the 1D timeframe neutral again (RSI = 48.908, MACD = 0.002, ADX = 36.543). Amidst this volatility a strong technical development is going unnoticed. The pair is about to form the first 1D Death Cross since September 28th 2023 and only second since July 22nd...
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...
As We Talked in The Previous Analysis: The GBPUSD Formed a Rectangle Pattern. Currently, The Resistance Level (1.27428 - 1.28280) is Broken. and Becomes a New Support Level ! So, I Predict a Bullish Move 📈 ---------- TARGET: 1.29380🎯
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.
As We Talked in The Previous Analysis: The Resistance Level (1.27428 - 1.28280) is Broken. Currently The Price Retreated To Support Line and Failed To Break it. The Resistance Line is Broken ! So, I Expect a Bullish Move 📈 ---------- TARGET: 1.28520🎯
💵 DOLLAR_INDX, H4 💵 20 March 2024 Following the yen's selloff, investors sought refuge in the safe-haven dollar, resulting in positive gains. With a flurry of central bank decisions dominating currency markets, particularly the Federal Reserve's upcoming announcement, market focus remains keenly on potential interest rate adjustments and monetary policy...
– Tuesday Daily candle closed weak Bearish around 2157.600 as price rejects the previous Daily Low, I’ll be looking for potential Buys above 2163.000 targeting 4h Resistance around 2169.500 and next 4h Resistance around 2175.000, I’ll be looking for potential Sells below 2151.300 targeting 1h Strong Support around 2144.300 and 30min Previous Strong Resistance...
Hello, traders here is an analysis of USDCAD as you can see the market has been neutral for the past weeks and months and now I am waiting for the market to decide on which direction it chooses. I have two decisions first, if the market decides to go up I will wait for It to break the resistance zone then retest it then I will look for buying opportunities, Second...
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...