If the price will cross the Zone I will open Buy. The trend is bullish. Bitcoin is in the same accumulation also. Dear followers, the best "Thank you" will be your likes and comments! Before to trade my ideas make your own analysis. Thanks for your support!
US Dollar Index might be preparing for a push lower towards 94.65 and further as Wave 3 unfolds. High probability remains that Wave 2 terminated as a triangle around 100.56 on May 14, 2020. The index had earlier dropped from 103.00 through 98.27 levels, Wave 1 on the chart. If the above counts are correct, prices should stay below 100.56 going forward and continue...
GBPUSD can continue to fall. The trend is bearish. The price is under the Support/Resistance Zone. Potential profit will be 3 times bigger than the risk. Push like if you think this is a useful idea! Before to trade my ideas make your own analysis. Write your comments and questions here! Thanks for your support!
We can open short term sell only if the high will be lower than the previous. I don't see an accurate entry now. Dear followers, the best "Thank you" will be your likes and comments! Before to trade my ideas make your own analysis. Thanks for your support!
The price was supported twice and USDJPY can start a long term up movement from this place. That's why we should look for the Buy trades at the younger timeframes. Thanks for your likes and comments under my previous ideas! Good luck with your trades!
US Dollar Index - DXY We continue to trade inside this 200-300 pip range on the DXY. Until we see a clear breakout of this range, we are conscious that the markets applied volatility is lower than usual. There are opportunities on intraday timeframes, but we must remain patient and focused to ensure we do not get caught up in the noise. TVC:DXY
I see the Triangle on the GOLD chart. It's a little bigger than I've painted before. But some of that touches are almost perfect. Push like if you think this is a useful idea! Before to trade my ideas make your own analysis. Write your comments and questions here! Thanks for your support!
The price bounced off the Global Support and can continue to rice in the Local Uptrend. We should look for sell only if the price will cross the support and the candle will close below. Push like if you think this is a useful idea! Before to trade my ideas make your own analysis. Write your comments and questions here! Thanks for your support!
Price has made a nice pullback today creating a new higher low. Price is now at support, where i will be watching for a break of 1736 to the upside to confirm the uptrend will resume, or if price will reach the ascending trendline along with the 61.8 fibonacci retracement once more.
The above chart is FXCM's USD index, USDOLLAR. Further to our previous article , the daily USDOLLAR chart's EMAs have now moved into a bullish stack. I.e. the green 5-day EMA is above the orange 10-day EMA, and the orange 10-day EMA is above the black 34-day EMA. If the EMAs develop angle and separation the greenback will be moving higher despite the unlimited QE...
USDCAD has just broken below a neckline of a tiny h&s pattern on 1H. based on that I think that the price may go lower. 1.4025 is the goal for today with potential extension to 1.3975
US Dollar Index is still looking to carve a lower high around 100.50/60 as Wave 2 termination. In case of a triangle unfolding, prices are expected to remain below 100.87 handle. Alternately, if US Dollar Index manages to reach 101.20, it could still be considered a corrective flat for Wave 2. Please also note that 101.20 is fibonacci 0.618 retracement of earlier...
Bitcoin shows us a Cup and Handle and it could mean that the price made a closer retest of the Key resistance Level $10000.00. So the previous scenario is more possible. The next target will be $10500.00. Dear followers, the best "Thank you" will be your likes and comments! Before to trade my ideas make your own analysis. Thanks for your support!
TVC:DXY 1-Hour Chart: On the 1-hour chart we can see price has been moving up pretty correctively to the upside. At this point, we really need to see what price does when it reaches the top of this pattern. The more likely scenario is for it to continue moving to the down side, but of course, it could break out and move higher. For either of these options,...
Could we see the Dow Jones break the key daily resistance zone and push on up to the weekly resistance area? Patience and time will tell us.