Exactly 1 month ago we made a bearish call on the U.S. Dollar Index (DXY) after the 1D RSI printed a series of Lower Highs, showcasing a Bearish Divergence: Target 1 (103.650) has been hit as the price touched the Pivot trend-line of the 11 month Megaphone pattern. We are moving Target 2 higher at 102.500, which is still near the 3.0 Fibonacci extension (the...
โ Previous Daily candle closed Bearish around 1989.900 forming Daily Resistance at 1998.600 as price failed to break above Weekly Resistance formed on 30th October 2023. โ Buys on close above 1922.800 targeting Daily Resistance around 1998.600, Leaving Runners to the 1h Resistance formed around 2003.800. โ Sells on close below 1985.400 targeting 4h previous...
USDCHF violated a key daily horizontal demand zone. The market is trading below the broken structure for several days. Analysing key levels, the next strong support that I see is 0.878. It will most likely be the next goal for the sellers. โค๏ธPlease, support my work with like, thank you!โค๏ธ
โ Previous Daily candle closed strong Bullish around 1998.700 forming strong Daily Support around 1977.600. โ Buys on close above 2005.500 targeting 4h Resistance formed on 16th May 2023 around 2012.300, Leaving Runners to the Weekly Resistance formed around 2017.300. โ Sells on close below 1996.000 targeting 4h previous Resistance around 1991.900, Leaving Runners...
#XAUUSD price have rised above 1993 which have a very strong decline pattern, now the next possible move will be below 1982.78 which another bullish confirmation to rise above 1996-1998 which will decline again, any possible price below 1978 in H4 price may continue bearish.
Hello Traders ! On The Daily Time Frame, The AUDUSD Price Reached a Strong Resistance Level (0.64532 - 0.65222). -The AUDUSD Formed a Bullish Falling Wedge Pattern. Currently, We have a Bullish Scenario : If The Market Breaks The Resistance Level and Closes Above That, We Will See a Bullish Move ๐ ----------- TARGET: 0.65710๐ฏ
The EURUSD pair is about to hit the 1.10000 target that we placed on our trading call (see chart below) earlier this month (Nov 06), and it might be a good idea to secure the majority of longs with at least an SL above 1.0900: The target will complete a +5.48% rise from the bottom, which is the typical length of the standard rallies that the pair has given us...
Dollar Index broke and closed below a key horizontal daily support this week. After the violation, the price was coiling for some time within a narrow horizontal range on a 4H time frame. The release of US housing data on Friday was very bearish for the Greenback. The price violated a support of the range, giving us a strong intraday confirmation. We may...
โ Previous Daily candle closed weak Bearish around 1977.800 as price respects the Daily Resistance formed on Friday last week. โ Buys on close above 1983.600 targeting Monthly Resistance formed in May 2023 around 1989.700, Leaving Runners to the 1h Resistance formed on 3rd November 2023 around 1995.200. โ Sells on close below 1973.700 targeting 4h Support formed...
I spotted a strong intraday bearish confirmation on USDCHF. After a breakout of a key daily support, the price retested that. The market started to consolidate on a 4H time frame within a narrow range. Bearish violation of the support of the range indicates the strength of the sellers. We may anticipate a bearish movement to 0.881 โค๏ธPlease, support my work...
Here is my latest structure analysis for EURUSD. Resistance 1: 1.0920 - 1.0650 area Resistance 2: 1.1015 - 1.0946 area Support 1: 1.0736 - 1.0775 area Support 2: 1.0658 - 1.0684 area Support 3: 1.0495 - 1.0536 area Support 4: 1.0447 - 1.0468 area Consider these structures for pullback/breakout trading next week. โค๏ธPlease, support my work with like, thank you!โค๏ธ
Hi Traders ! On The Weekly Time Frame The USDJPY Price Reached A Resistance Level (151.944 - 151.424) Currently We Have 2 Scenarios: Bullish Scenario๐ If The Price Breaks and Closes Above The Resistance Level ! We Will See a Bullish Move๐ TARGET: 154.500๐ฏ Bearish Scenario๐ If The Market Breaks Support Line and Closes Below That I Will Sell On Retest... ...
#XAUUSD price have declined again which have been trying to reform on sell below 1966 but the price still have more retesting and correction above 1990-2000, today we may expect bullish move on gold above 1990 but if the price touch below 1971 on H5 movement then price will drop below 1966 and more.
- Small pump then Dump. - Keep it simple. - Everything in graph. - Older analysis. ๐๐ Happy Tr4Ding !
โ Previous Weekly candle closed strong Bullish at 1980.700 forming strong Weekly Support around 1938.400, Friday Daily candle closed weak Bearish forming weak Daily Resistance around 1981.400. โ Buys on close above 1984.800 targeting 30min Resistance formed around 1990.200, Leaving Runners to the 1h Resistance formed on 3rd November 2023 around 1995.200. โ Sells...
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Here is my latest structure analysis for EURUSD. Resistance 1: 1.0736 - 1.0775 area Resistance 2: 1.0920 - 1.0946 area Support 1: 1.0658 - 1.0684 area Support 2: 1.0495 - 1.0536 area Support 3: 1.0447 - 1.0468 area Consider these structures for pullback/breakout trading next week. โค๏ธPlease, support my work with like, thank you!โค๏ธ
USDJPY started to fall rapidly. Here are the important key levels to watch. Vertical Structures Vertical Resistance 1: Broken rising trend line Horizontal Structures: Support 1: 148.75 - 149.21 area Support 2: 148.15 - 148.50 area Support 3: 147.41 - 147.56 area Resistance 1: 150.05 - 150.38 area Resistance 2: 151.71 - 151.94 area Consider these...