It seems like XAU is forming a downtrend if DXY does not act very bullish at where it is now that will mean USD is not strong enough against XAU but if it does, Gold will go down because USD will be strong.
AUD is still showing more bullish signs against other pairs. We just broke a pattern and retested it as well as respecting our fair value gap. Check the 15m timeframe for bullish patterns.
DXY analysis is exposing the strength of the dollar compared to all currencies therefore we aim to short USD pairs until DXY shows us a bullish sign. Use small time frames to short USDs.
Seems like USD will be weak a little bit, as we noticed the drop on DXY. We now taking this advantage to long EUR.
USD weakened after testing the low. We noticed a bearish move moving very fast to the downside. The bears are in control now. Use a 15m timeframe to sell the retests.
News conformation on the bullish EUR this week as YEN shows bearish signs. Trade is running.
Two scenarios may occur concerning the Dollar Index. It might push up a little to take out most sellers before it moves down. Or breaks the current support and melts to the downside. Remember to use a 5-minute time frame to place your trades. we will keep you updated.
The Trade Balance (Feb) will give the push we need hopefully. Trade active.
AUD is still showing signs of bullishness, and USD did not receive good data. Used 15m timeframe to go long.
Targeting an early entry trade as we observe the weakness in AUD. Aiming to take the SLs below the consolidation. Use a 15m time frame to enter your trades.
Sellers failed to break the lows, which means there are no more sellers at this level and it is a discount level. We are waiting to see the highs getting broken and retested acting as support along with the previous lows. make sure to verify in the 15m time frame that buyers keep breaking the highs.
Long-term target, we shorting all retests on the 4-hour time frames.
Price holding the support area for some time. A break of these highs will signal the correct direction and long on the retest. Low must not be broken, Use a 15m timeframe for your entries and SLs.
Bullish trend exhausted, now buyers are taking profits. We are now waiting for a big fall that will take out all the stops and breakevens. use a 15m time frame for accurate sell entries.
This is the direction of the market. CAD looks bullish as we can see on the previous candles. If we break this X high we wait for the price to consolidate and take longs once the market stays bullish by breaking the highs of the 15m timeframe.
Our resistance turned into support and consolidated its way to the support after breaking the highs this means we are continuing with the trend. Use a 15m timeframe to buy the pullbacks, as long as we do not break the trend.