This could potentially play out... I am seeing some dollar weakness across the board...
In my humble opinion I think the DXY is about to turn around. The white line is my area to watch. Should we get a proper bearish candle below that line, it would be a confirmation to sell. But price has to first break the channel to the downside. Please share your views.
Price has gone up while NFP numbers were positive for the dollar. Could there have been another catalyst to that price jump? Is it time to buy again? From a technical point, the price has reacted at 50% retracement level from the move up that started in November 2022.
If you checked my previous posts, you would have noticed that the price has moved as anticipated. And I am still bullish.
Looks like WTI is setting up for a break of channel. Possibly time to buy soon. Please share your views.
I have been watching WTI for the past days and I am still maintaining my bullish bias. See my 30 min chart and kindly share your views.
Technically this is still a bear market, and in my humble opinion the trend will resume (short term view)
It looks like GBPUSD is about to drop hard... price broke support.
Signs of bulls looking to take control. Nice pin printed from 1916 which is looking to break out to the upside. Is it time to buy?
XAUUSD is possibly getting ready to break out after this correction. Please share your views.
BTC fell out of trendline (support) and now looks to correct. Please share your views.
From the daily TF perspective. Gold turned bearish when buyers lost 1940 (which was my invalidated ABC correction on 4H TF. Next big support is much lower around 1840 - 1800. I thing a big wave C is unfolding at the moment. You could also refer to my previous analysis. Please share your views as well.
This big wick can't be good for bulls. Gold has attempted many times to regain 1930 levels but each time there was rejection lower. Soon the door to 1900 and lower could be open. In my previous analysis, I expected an ABC correction before resuming upward, however this has not happened. The move down looks impulsive and has retraced all the way into my wave 1,...
This could well be a breakout to the upside or a further dip and break of 1900. Personally I am still bullish until 1900 is broken. Also check the DXY, which trading at resistance level. This 1900 is the last line of defense for gold in my opinion.
I am still learning the EWT but based on the little that I know, after a 5 wave impulse, we should get an ABC correction and if it plays out then gold should resume its uptrend. Let's see how it goes and please post your views.
I still maintain that he DXY will turn around after having broken the 100 level to the downside, it has now retraced up to the 0.764 fib, a good level for sellers to reenter their positions with a good risk/reward ratio. Let's see what happens. Please share your views.
Evening star on the 30m TF. Good opportunity to sell.
Just pointing out this divergence on the RSI... The correction could be over and the trend is about to resume its course.