The dollar has ended January with a relatively small bullish candle, showing signs of support and an end to a 2-month falling trend. In the month of January, the dollar started the month with a slightly bearish tone, bringing the currency to a 33-month low. It then started to reverse and rebounded strongly until it faced strong resistance at strong supply...
Hello everyone, A quick update on XAUUSD. A weekly close below the 1880 level last week meant the bearish sentiment has continued. There is a possibility that we see a bullish move up towards that level today before market close. However, I think that will be less likely if price moves down lower and manages to break the 1820 price level first. This level...
Welcome back! Please support this idea with a LIKE if you find it useful. ** GBP/AUD will continue to rise to 1800 zone. We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met. Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your...
At the beginning of January, we saw that the gold price has broken above a 4-month falling channel. After which, the price pulled back strongly and continued to find support at 1820 which has lasted for the past 2 months. In the midst of it, an inverse HnS was formed last week and the market closed with a bullish weekly candle. If the price were to fulfil this...
Just like the dollar, EURUSD was rejected from an extreme high near the top of a 4-year range, also after completing the 5th Elliott wave. Last week, EURUSD found support and rebounded off from the current range bottom at 1.2050 which also caused a break above of a falling trendline. And again, just like early 2018, we expect the price to range further and thus...
Since the dollar has reached the bottom of a 4-year range while completing a full Elliott wave, the price has begun a sideways market. As seen in early 2018, it took about 3 months for the ranging market to be completed and broke out into a trend. As of now, the dollar seems to have confirmed its range top and bottom at 91 and 89 respectively. Last week, we saw...
I'll cut straight to the point as this is a super exciting development for Hbar. You will notice the debut week in September 2019 it plummeted down to just 3.8 cents. Since then it has tried multiple times to go higher only to find rejection at the $0.054 level. Wicks have gotten above it but no body candle. Well, for the first time ever the weekly close...
GBPUSD is still in the Uptrend. With the rebound of the US dollar index and the recent decline of non-US currencies, the British pound remains strong relative to other currencies, maintaining an upward trend. Currently, it faces the 1.37 integer mark and waits for a breakthrough. In Jan.18 idea on the US Dollar Index and the EURUSD: US Dollar Index is estimated...
EURUSD will Go Long in Mid-Term. EURUSD in downtrend begin Jan.06, because U.S.capitol riots let be global markets money entry U.S.Dollar (Index). EURUSD will Go Long in Mid-Term after Jan.20 U.S. presidential inauguration, and U.S.Dollar index will downtrend. Jan.18.2021 Reliability: 3-10 Markets Days
The U.S. Dollar Index (DXY) rise in the short-term, but will downtrend in the long term. Jan.06 2021, U.S.Capitol riots U.S.Dollar index rebounded, because capitol riots that be global markets money entry U.S.Dollar. U.S.Dollar index rebounded until Jan.20 presidential inauguration, and U.S.Dollar index will downtrend. Reliability: 3-10 Markets Days.
USDCAD has been on a steep descend recently breaking a long-term demand zone. However, price can be observed to be slowing down, while approaching the next demand zone. Should price be supported at this level, we could expect a larger pullback. Price is currently still being resisted by falling trendline, thus we could still sell USDCAD to the next demand zone.
Monthly is in clear downtrend and rejecting a clear key level. Weekly candles reject monthly resistance, followed by a a bearish confirmation.
Hello everyone, XAUUSD doesn't appear to be out of the woods just yet. The bearish outlook is taken from the daily price action since last week, with the impulsive moves down adding further weight to the bearish sentiment. I don’t think the correction is over as the price action upwards is still playing out in a corrective nature. 1880 is the key price level...
Hey Traders , what's up. From me to Humanity . I know that there is allot of data, i hate that as every one else does. But, if you want to keep it simple just study, analyze and write down the Red & Green boxes they should sum up most of the study. I have included all the data here . So feel free to redo, redistribute, reuse or shar it here or outside of...
The dollar has ended 2020 with a yearly loss of more than 7%, and more than 12% from last year March the highest near 103. Last week, the dollar continued to fall and break new low but managed to recover and close just next to the week's opening price. One fact for sure is that the dollar is too weak to perform another bearish trend that's significant enough. In...
Hi all, An update to the weekly forecast I shared last month (Nov 22, the idea is linked below). There was a pull back from around the 1.21800 level last week before moving back up and into 1.22000 yesterday. My next target is at the 1.240000 level. Expecting a pullback to retest the 1.21800 level before moving upwards. Follow for further updates, your...
USDCAD in the downtrend. The recent increase in oil prices has driven the Canadian dollar to appreciate. With the continuous news about the development of the new coronavirus vaccine, the global market has obvious risk on, so oil prices have the opportunity to continue to rise. So the Canadian dollar has the opportunity to continue to appreciate in the...