TheDayzen

TheDayzen

Good Day traders !!! ON the DXY we have a very strong impulse move happening and we need to see some sort of correction !! On the monthly timeframe we have an overextended "M" formation and we just tested the Neckline which is in confluence with the 0.618 FIB level taken on the previous leg. Down to the weekly timeframe we have a bearish situation as well since we...

TheDayzen Updated 

Hello Traders !! On this pair we have an impulse corrective continuation pattern to the upside both in the weekly and daily timeframe.We have finished our correction as we can see in the descending channel on the daily timeframe also we rejected a strong level of resistance on the lower trendline. We expect the market to provide a continuation to the upside and...

TheDayzen Updated 

After two attempt USD failed to break the next dayli resistance and was smashed away to complete the W formation pattern and we are currently at the neckline level where we should see some bullish move and if we have the right volume we should be able to break the next level of resistance if we have a nice impulse to the upside. If you guys enjoyed this analysis...

TheDayzen

Good Day traders !! On this pair we have two scenarios !! Either we break the trend line and we head toward a strong level of demand zone and then we can look for a long opportunity. Second scenario if the trendline rejects the price we have to wait until we break above the next resistance and we can get an entry right during the retest of this resistance that...

TheDayzen Updated 

On this pair we have a strong daily impulse that is showing some signs of weakness and we expect the market to start its correction to the 0.618 Fib that aligns perfectly with a strong level of support. The Monthly and Weekly timeframes are also showing bearish prediction for the short term which aligns perfectly with our idea of the correction. We want to see on...

TheDayzen Updated 

Good Day Traders !!! On this pair we have a market correcting on the M timeframe as well as the W timeframe. On the daily we can clearly see an overextended "W" pattern being completed and we are ready for an impulse to the upside. The target is the 50% FIB retracement taken on the weekly impulse and that aligns perfectly with the next weekly resistance. From a...

TheDayzen Updated 

Good day Traders !! On this pair we can clearly see that we had a very strong impulse that we would like followed by a correction at least to the 0.5 Fib level. The price almost hit our 0.382 FIB level and we believe that the correction is not quite done. We are sitting on the 4H just above a support and we would like to see the market turn to a bearish...

TheDayzen

Good Day traders !!! On this pair from a monthly perspective we are exactly at the neckline of the previous H&S pattern and we expect a strong level of rejection. Going down to the weekly we are looking at a "W" pattern and we want to see the price retest the previous resistance which should be turned support. On the daylight timeframe we have an impulse that...

TheDayzen

Good Day traders !! On this pair we have a "W" formation on the daily timeframe and we are heading toward the neckline of this pattern in order to complete the pattern. Also we can realize a impulse correction impulse pattern and head to the upside after the retest of the neckline which is in confluence with the 0.618 FIB retracement. From an institutional...

TheDayzen

Good Day Traders !!! We just rejected for the third time this strong level of support around 1855-1853. We expect gold to start his impulse to the upside since we can clearly see that on the Daily we clearly tested almost all the level of the fib retracement during the correction and we expect to see a continuation to the upside. Also from an institutional...

TheDayzen

We have on gold a bullish movement. we just broke above the Dayli trend line and we are looking for a retest in order to get a good entry with a proper RR. The Monthly and Weekly timeframes are showing bullish pattern alongside with the COT data of the previous week that state that financial institutions opened more than 6000 new long positions on gold and closed...

TheDayzen

Good Day Traders !! On this pair we have a very strong impulse to the upside made during the past week as we expected, now the market started a nice correction to the 0.382 Fib level. for such a strong impulse we expect the market to retrace at least to the 0.5 Fib level which aligns perfectly with a strong support area and demand. We will be monitoring price...

TheDayzen

ON the Daily timeframe we have an M formation and we would like to see the price to retest the neckline before the continuation to the downside. Also On the monthly timeframe we can obviously see an overextended W formation which neckline aligns perfectly with the demand zone highlighted on the Chart. We want to catch that impulse to the downside with a good R/R...

TheDayzen

US30 we have a nice clean M formation on the daily timeframe , we broke below support and the uptrend line with a bearish impulse, after a impulse we would like to see a correction before the continuation to the downside, we want to reach the neckline of the M formation, if we get the retracement to the neckline, then we will be looking for the continuation to the...

TheDayzen

We have a daily downtrend and we are approaching a strong level of resistance. I believe that the price will bounce from the trendline to complete his way downward. Also from a monthly timeframe we just completed a W formation pattern and the price is almost at the 50% FIB retracement, from that price we expect a strong rejection because it perfectly aligns with...

TheDayzen Updated 

Here is my idea about Aussie , The environment on 4H is bearish and we just need more confirmation to place our entry at the previous support turned resistance. We have overall good news for the USD which support this idea. DXY is bullish as well which aligns perfectly with our trade for Aussie. If you enjoyed this analysis like and share, If you have any...

TheDayzen Updated 

This Is my adea about gold at the moment. I'm looking at gold going down to 1810 at least if not more. We've seen over the past two weeks the smart money take their profits and close their long positions which explain the weakness of gold at the moment. This is a 1/5 RR setup . If you enjoyed this analysis please like and share. If you have a different opinion...

TheDayzen Updated 

EUR/CAD retraced to the 0.312 fib level which is in confluence with the support of the neckline of the H&S formed on the trendline. This comes to confirm a bullish move to complete the pattern of the Impulse correction impulse. We expect this par to go even higher overtime. This is a 1/3.5 RR setup. MACds are showing bullish environment so this is also another...