Price has rejected area couple of times, signifying a strong resistance. We might see another rejection here with a momentum bearish H1 candle.
Breakout confirmed after multiple re-test. 3 targets to aim for as shown.
A clean break above resistance zone would send this pair higher. Let's wait and see how price reacts for now.
Price approaching resistance again. Might see a bounce here. Short-term sell opportunity where SL @ 20 pips, TP @ 30 pips roughly. Trading in between support/resistance.
I'll be looking to short this pair in the coming week. Price broke out of trendline and re-tested it. Presents a 100 pips to catch with stop loss above the previous high (around 30 pips). More than a 1:3 risk-to-reward ratio.
Horizontal and trendline support in play. Will we see a break or bounce off the zone from this pair? Let's wait for the weekly candle to close...
Counter-trend trade so be careful. Like I said in my DXY and USD pairs analysis, we might see an upwards correction in the Dollar this week. Price seem to have bounced off bottom of parallel channel. We might see it test broken weekly support before heading down more.
Price rejected area as highlighted. We might see further downside for the Greenback.
I guess many people are predicting the Dollar reversal/comeback. It might be time for a pullback which we can see Dollar strength but will it last? We don't know.. USDJPY broke crucial weekly support level and the Greenback has been heavily sold off recently. I'm going for a Dollar long (for now).
Still playing nicely to the Pitchfork (idea linked) resistance on Daily timeframe. We could potentially see strength in Dollar this week for either a correction or a reversal. I would be looking to short this pair on H1 or H4.
Potential sell opportunity in the coming week. Price rejected descending trendline resistance. We could see price head to horizontal support and test it before the next crucial move.
Two likely scenarios on this pair: 1) Re-test of resistance (once again) and head down 2) Head down directly Of course we cannot forget the other 2 possibilities which is sideways and bullish. However, this set-up currently shows a higher chance of bearish possibility from this pair, hence I'll only be looking to sell.
Double top as seen on H4 chart could potentially push Gold prices down for the time being.
Will be looking to short this pair in the coming week as well if price reaches the top of wedge or breaks below trendline.
Price seems to have bounced off support. We might see a pullback and some breather for the Greenback before another impulse move down. Anything can happen..