We have here 2 possible Scenarios:
1- The price to retrace to the Daily Demand Zone (1.14401 - 1.13677) / Weekly Demand Zone (1.13066 - 1.11831), then potential Longs.
Price confluence (Weekly Demand Zone & the Up-Trend). Expecting the price to rally from this Demand Zone up to the Monthly/Weekly Supply Zone (1.21474 - 1.25765)
2- No retrace - The price to rally...
DXY - No shorts allowed for the time being; because of the following reasons:
1- The price reached a strong Weekly and Daily Demand Zone
2- We are in a very low price in the daily and weekly ranges
3- More Over, we have 3 ERCs so we are expecting bigger retracement to the 100.00 range
4- Up Trend Confluence at the Monthly
Only Longs are allowed!
After such strong dropping price, expecting the price to rally high till the Monthly Supply Zone (340.42 - 375.80), In addition to the Bullish Engulfing at the Weekly, it is clear Sign for only Longs.
DXY; short for the following reasons
Supply Area in control
Supply in control, many pin candles, bearish engulfing
Very strong bearish impulses attaching the demand zone
Expecting the price to eliminate the current demand zone
Although the Weekly, Monthly, 3M are on a Downtrend, and the price still below the EMA20, however; the price on the daily had eliminated 3 Strong Supply Zones without any respect.
Supply zone (0.65467 - 0.64877)
Supply zone (0.64514 - 0.63834)
Supply zone (0.65765 - 0.65035)
No shorts are allowed until having a solid confirmation
In contrary, expecting the...
The 1.1000 area has once again proven to be a major barrier for EUR/USD
Nevertheless, EUR/USD had shown strong upward pressure (many Bullish Engulfing) still set to close the week in the green.
Possible Longs but the pair needs to hold above Daily EMA20 which is near to where the exchange rate is currently trading.
The support falls at 1.08837 as the level...
The price is keeps bouncing on the daily,
an unclear scenario with that ranging price (101.00 - 98.28), we need to get out of this range
to have a clear trading scenario.
However Supply area is in control on the Monthly (103.99 - 101.53) and 3 Months (103.93 - 100.57), "Potential Shorts"
My positive view:
1) AEO is well positioned as one of the most 'inclusive' brands to outperform peers
2) consistently solid comps (+2%, 20th consecutive quarter of growth) and healthy fundamentals (ample
liquidity and little debt), which underscores strength of leading brands and the company's ability to expand footprint (+70 in FY 21) and
capture share from...
EUR/USD short-term technical analysis
The EUR/USD is trading at 1.0930 price, and still has room to extend its advance to the Daily Supply zone (1.11087 – 1.12365), according to intraday charts. The 4-hour chart shows that the pair is comfortable well above all its moving averages, with the 20 EMA.
The risk could turn to the downside on a break below 1.0900, and...