Daily and weekly bias is still bearish. Price has now mitigated a discounted area for me to take sells. This area is confirmed with previous bearish break of structure completed because of an order block which left in efficiency with in the market because of how large the volume was the break it. Hope this is insightful. 4HR Chart:
DXY D1 We've successfully breached the lower boundary of the previously anticipated support zone, as forecasted last week. There's potential for a retracement to retest the indicated price level before a further decline, aligning with the bearish sentiment on the USD, really looking to see some more dollar weakness unfold this week.
The EURUSD pair hit of the both targets (see chart below) we set on our recent idea (October 30): The price broke and closed above the 1D MA50 (blue trend-line) for the first time since August 10, which is a major medium-term bullish break-out signal. The 1D MA200 (orange trend-line) is right above but technically after breaking Resistance 1 (1.07375), it...
The Bank of Japan has expanded the scope for adjusting short-term interest rates and has increased its inflation target for fiscal year 2024 to 2.8%. This means Japan's inflation will exceed the 2% target for three consecutive years and is closer to achieving sustainable price stability. If the Bank of Japan (BOJ) wants to have a clearer view of wage increases...
Usdcad USDCAD 6/11/23 Prices moving in a two converging line; prices making a series of higher high, higher lows which indicates the trend as bullish trend. That could be wave « D » according to Elliott wave principle, wave « C » cannot be short rather the elongated wave, in regards we wait for the price action around that support level whether the prices breaks...
Here is my latest structure analysis for EURUSD. Resistance 1: 1.0736 - 1.0775 area Resistance 2: 1.0920 - 1.0946 area Support 1: 1.0668 - 1.0695 area Support 2: 1.0495 - 1.0536 area Support 3: 1.0447 - 1.0468 area Consider these structures for pullback/breakout trading next week. ❤️Please, support my work with like, thank you!❤️
#XAUUSD new week trading on gold, the price have dropped below 1982 which is still making more decline, gold movement seems to be very outstanding because price may possible reverse below 1975 to form bullish move, around 1975 it has two possibilitie to fall below 1965 also if the third pattern didn't break out. Expected target 1985-2000
Two men adventuring in the wild. They see a tiger racing towards them. They turn and start dashing away. Then, one of them stops to put on shoes. “What are you doing? The beast will outsprint you despite those” says the other. “I don’t have to run faster than the tiger” he retorts. “I just have to outrun you.” FX stories are not dissimilar. Relative strengths and...
WTI Oil is going down to test 78.23$ level. We will wait to reach target then take another look. Follow to get next signal.
– Previous Weekly candle closed small Bearish at 1992.500 forming Weekly Resistance around 2006.200, Friday Daily candle closed small Bullish forming a Rejection wick to the upside. – Buys on close above 1995.300 targeting 4h Resistance around 2000.500, Leaving Runners to the Daily Resistance formed on Tuesday 31st October 2023 around 2006.200. – Sells on close...
TVC:DXY chart mapping/analysis. US Dollar getting thrown out with US Treasuries as punters pile into "risk-on" trade. Downward momentum to continue until change in trend on lower timeframe &/or Markets flip back into "risk-off" sentiment.
Markets (stock, crypto, forex, precious metals) may be in big trouble if the weekly close tomorrow remains above this wedge, and we head north of the two targets posted above. TVC:DXY has broken above a falling wedge after testing the top of monthly support. On its attempt to test monthly support, over two weekly candles, both closed above it and wicks failed...
Here's a look at DXY US DOLLAR INDEX on a 12 month chart. This year, it's the second time it signalled a big shift on the upper histogram, last time it did was 2021. Is this the start of the big fall for the USD. This may last for a few years -- worse a decade. Again it may or it may not happen, but the 12-month chart doesn't change mind often. I guess we'll see..
With NFP on Friday 06/11/2023 Bears are starting to be in control of the market, already broke the support level of ABCD Pattern and retested it. With the sellers pushing the market down we looking for short seller before NFP announcement.
It turned out that we got very bad NFP release, yesterday. Dollar Index immediately reacted, and the market formed a huge bearish candle on a daily. With one single candle, the Index successful broken a support of a wide horizontal range. It is a sign of a confirmed bearish reversal. The index will most likely drop to 104.5 support soon. ❤️Please, support...
In my previous post on DXY ,i mentioned how i expected it to move up a tiny bit in wave c of Z before starting to tumble. Well, from the fresh piece of evidence available it seems like that the expected tiny bounce failed which in Elliot wave terms means that wave Z has truncated. That also means that the first leg to the expected downfall towards 93-94$ mark is...
Dxy is going through a critical period, after several weeks in a row it lost a bit of its price, the ultimate test, that is, the neckline was finally broken and now it seems that it has room to go down. I have mentioned the important areas. The FED meeting in December can help DXY in a comeback if this will be a Hawkish meeting, but at the moment December is quite...
DXY The price made a strong bearish breakdown of the support area, after a pullback If price stays below support/resistance structure I expect the price to move lower.. Trade Wisely *The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.