After the NFP and unemployment data, The DXY TVC:DXY faced a big correction. In this week, we believe this week is going to be calm because USD has no game-changing data. there is a possibility that the DXY is going to make some retracements in an upward direction. Our technical view has been shown in the chart. If you like it then Support us by Like,...
USDCAD on daily TF shows large volume of bearish candles. The daily support is broken and it looks like it will test downward support and trend line. Will it work? What do you think?
After Covid-19 USD pumped like crazy now it is time to chill down and do some pullbacks. As you can see beautiful Double Top formed and neck is around 128. Here is my idea of how it will go and where I am gonna take profits.
Analysis: Upwards trend (bullish confluence factor) Break & retest of previous area of resistance for support (bullish confluence factor) 38.2% fib retracement level touch (bullish confluence factor) Upwards trendline close by (bullish confluence factor) 6K long position decrease for the USD (bullish confluence factor) Stay Safe - The JPI...
hello my friends.well in this setup we have CHOCH in daily and a bearish candle closed under the last low in 4hr,so we have CHOCH in 4 too. now we wait for reason in smaller time frame to open short position. just a point,i see this demand area(around 1.31300) and maybe we have reaction on it,but i think the power of high time frame for short is more. good...
Analysis: Upwards trend (bullish confluence factor) Retest of an old support level (bullish confluence factor) 61.8% fib retracement level (bullish confluence factor) Upwards trendline touch (bullish confluence factor) NZD is the 5th strongest major currency whereas the USD is the 3rd strongest major currency (bearish confluence factor) 2K short...
Sounds dramatic, I know. :-) We see where price got rejected near the Centerline (white). We see that price broke the little (blue) shelf which inflects with the orange Centerline. So, orange Centerline is broken too. According to the rules of the Medianlines, we can expect a pullback to it. And it would be a little Gift to enter Short, or load up the...
GBPUSD SELL Entry Point :- 1.28519 Stop Lose :- 1.29148 Target 1 :- 1.27890 Target 2 :- 1.27260 Target 3 :- 1.26630 Target 4 :- 1.26000
Analysis: Looking at the charts we're clearly able to see that price is in an upwards trend. We've been forming higher highs and higher lows which shows us the trend we're in so knowing this we're only looking for long setups on this pair. We also have a key level which we've marked out where we've previously seen a strong rejection from but we've since broken...
Analysis: When we look at price action we've recently seen a strong rejection off of an area and price is making a move back down however we see this as a buying opportunity. If we look at price action before this rejection we can see that price did indeed form a higher high and a higher low showing us that we're in an upwards trend. This higher low hasn't yet...
Shakeout Absorption Confirmative Comeback to the zone Stop loss below support area Take Profit on the other edge 3.63 r/r
Fair value Gap Intraday Bearish USD. waited for price to respect the Fair value gap left after a bearish run - short traders have now taken profits and are willing to short
After forming yesterdays highs with strength, UJ has shown some selling pressure. Ideally I’d like to see a sweep of todays high in Europes session into continued selling. This trade will likely run through the end of the week.
The US dollar's position as the primary global reserve currency is being challenged as countries become eager to insulate themselves from Washington’s influence. For decades, the dollar has dominated the global monetary system. Currently, about 60 percent of foreign exchange reserves held by central banks are in US dollars, and nearly 90 percent of all currency...
With the looming BRICS news I have turned my eyes to the Yuan/ dollar pair to ride the short for the exit of the Petro dollar. THIS IS A Q2 SWING MOVE This will not be a linear drop FYI! Very very choppy as US will attempt to pull out all the stops to avoid the collapse of the Dollar safe haven. Top Down Analysis: Using the Monthly I plotted out the High...
Hard to squeeze something sensible from this price action but this is the base count I have at the moment. IMHO the whole move down from 2008 peak is wave C of larger degree irregular flat where C shaped as diagonal. Waves circle 1 and 3 are complete and wave 4 is progress. Short term, expect to see a pb in b of 4 around 1.0, then up to 1.14 level to complete wave...
USD index has formed divergence. Looking at the daily chart, we can see a familiar pattern forming between price and the 10 CCI. This pattern is called regular divergence, which can tell us that a possible reversal could develop. In today’s analysis, we have run over the divergence pattern we are watching and Friday’s price action, which might give it more...
We have resistance on the pair, I expect a push down to marked lows for possible retest. SELL!