– Previous Daily candle closed Doji Bearish around 1971.000 forming a Rejection wick to the downside. – Buys on close above 1981.000 targeting 30min Resistance formed around 1986.800, Leaving Runners to the 1h Resistance formed around 1991.800. – Sells on close below 1969.000 targeting 30min strong Support formed around 1963.200, Leaving Runners to the 1h previous...
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EURUSD was rejection early today on the MA50 (1d) and the price pulled back aggressively. So far it is contained above the MA50 (4h), keeping the Channel Up since the bottom of the 3 month correction, intact. Trading Plan: 1. Buy on the current market price. Targets: 1. 1.07500 (top of the Channel Up). Tips: 1. The RSI (4h) hit its Rising Support and is...
Here is an important update regarding the current state of the dollar and its potential price action for the remainder of the year. It is crucial to approach the subject with caution and consider the implications for your investment decisions. Over the past few months, the dollar has exhibited signs of flat price movement, showing limited volatility and a lack...
USDSEK crossed over the LH trend-line as well as the 1D MA50, ending the 1 month pullback and turning the 1D timeframe bullish again (RSI = 57.915, MACD = -0.004, ADX = 28.535). According to two same fractals within 2023, we should be expecting at least a test of the Resistance, if not the 1.236 Fibonacci extension. As long as the 1D MA50 holds, we are short term...
Price action analysis for Dollar Index. Important key levels. Potential scenarios. Technical outlook. ❤️Please, support this video with like and comment!❤️
#XAUUSD price have been on double decline above 1976-1979, if possible retracment occur back 1978 it will form side movement which will possible hold between 1976-1978, today price is expected to fall below 1963-1958 to form bullish movement but possible price may decline and continues to sell if price break below 1956. Bullish target 1988
The AUDUSD pair has been trading within a Channel Down pattern since February 02. Yesterday it hit again Support 1 (0.62885) for the 3rd time in October and held it. The first hit was also on the Diverging Lower Lows trend-line of the Channel Down and even though there is still room before it hits the hard bottom of the pattern, the Bullish Divergence (Higher...
DXY confirmed a breakout on the trend line formed and yet after some consolidation we have seen the DXY created a head and shoulder pattern for a potential bearish perspective. Here we witnessed a breakout on the neckline after completing the right shoulder of the structure. Now we expect a potential downside momentum with the confirmation towards the 104.430 to...
Closing this morning's trading session, the DXY index is stuck in a narrow range between 105.97-106.67 last week. The current key support level for this index is 106. If the DXY Index can maintain well above the 106 mark, the short-term outlook will be bullish, possibly even reaching the 107-108 mark. On the other hand, if this index falls below the 106 mark, it...
– Previous Daily candle closed Bearish around 1972.700 forming Daily Resistance around 1981.000. – Buys on close above 1981.700 targeting 15min Resistance around 1986.800, Leaving Runners to the 1h Resistance formed around 1991.800. – Sells on close below 1970.300 targeting 4h Support formed around 1966.000, Leaving Runners to the previous 15min Resistance formed...
Gold is going to test 1943$ Level this week. Probably it will go down again after ending uptrend. We will wait to test this level then take another look.
EURUSD turned bullish on the 1D timeframe (RSI = 56.634, MACD = -0.002, ADX = 25.303) as it made a major breakout by crossing above the LH trendline that originated on the July 18th High. The current short term Channel Up is about to test the 1D MA50 for the first time since August 11th. If it closes the 1D candle over it, we will buy and target the 1D MA200 (TP =...
#XAUUSD price have create little space on D1 but now if the price continues to decline we may expect price to fall, firstly if the price fall below 1974.50 a sell confirmation have trigger to head below 1969.24 which will retrace on buy but if the price decline from 1969 and head 1966 the price won't head uptrend again we expect price to reach 1951, 1982 is buy...
The USDCHF pair is pulling back after making nearly a Lower High on the long-term Channel Down and hit last hit the 1D MA100 (green trend-line). Today it is testing the 1D MA50 (blue trend-line) as a Resistance, so the closing of the 1D candle either way will most likely decide the next trend. Above the 1D MA50, we will buy, targeting 0.94000 (Channel Up Higher...
NZDUSD is trading in a long-term bearish trend. After a strong selloff, the pair was consolidating since the middle of August within a horizontal range. The support of the range was successfully broken last week. The violation will most likely trigger a trend-following movement. Next support - 0.577 ❤️Please, support my work with like, thank you!❤️
The US Congress enacted a temporary budget law last weekend to prevent the risk of a Government shutdown. This act helps allocate funds to ensure the federal government can maintain operations until November 17. According to the US Constitution, Congress is responsible for allocating budget for the operations of 438 government agencies in each fiscal year (ending...
The DXY index turned down last week, in the context of US Treasury bond yields continuing to increase. The 10-year US Treasury bond interest rate hit 5% this week. In a recent speech, US Federal Reserve Chairman Jerome Powell reiterated that inflation in the US remains high. According to forecasts released by the central bank last month, the Fed is likely to raise...