On the H4 chart, the overall bias for DJI is bullish . Furthermore, the price is above the Ichimoku cloud , indicating that the market is bullish . Price has tapped into my buy stop entry at 4031.44 , where the 61.8% Fibonacci line is. Stop loss will be placed at 3907.07, where the previous low and 50% Fibonacci line is. Take profit will be at 4177.51, slightly...
Looking at the H4 chart, my overall bias for AUDUSD is bullish due to the current price being above the Ichimoku cloud , indicating a bullish market. Looking for a buy entry at 0.67711, where the 61.8% Fibonacci line is. Stop loss will be at 0.66402, where the previous swing low and 50% Fibonacci line is. Take profit will be at 0.69161, where the previous swing...
Looking at the H4 chart, my overall bias for BTCUSD is bullish due to the current price being above the Ichimoku cloud , indicating a bullish market. Looking for a buy stop entry at 17246.66, slightly above where the 23.6% Fibonacci line is. Stop loss will be placed at 16004.00, where the previous swing low is. Take profit will be at 18595.60, where the 50%...
Looking at the H4 chart, my overall bias for EURUSD is bullish due to the current price being above the Ichimoku cloud , indicating a bullish market. Looking for a buy entry at 1.04818 where the previous high is to ride the strong bullish momentum. Stop loss will be placed at 1.02766, slightly below where the 61.8% Fibonacci line is. Take profit will be at...
This looks like a nice setup to the upside. We're seeing a weak dollar and expecting some bullish pressure after positive developments in China.
Gold Neutral idea Weekly Trend: Bullish Daily Trend: Bullish 4Hour Trend: Bullish Trade scenario 1: We are very clearly bullish on gold but we are currently resting at 1800.00 resistance waiting on some reactions to better understand where gold will go next. We know we want to ride the overall bullish trend so ideally, we are looking for a retest of 1735.00...
USDJPY Bearish Idea Weekly Trend: Bearish Daily Trend: Bearish 4hour Trend: Bearish Trade scenario 1: We are looking super bearish on UJ as it continues to plummet. Going into this week we’re looking for clear structure in the form of a lower high as close to 137.000 as possible. Look to target lower toward 131.000 if this happens. Trade scenario 2: For us to...
AUDUSD Bullish Idea Weekly Trend: Bearish Daily Trend: Bullish 4Hour Trend: Bullish Trade scenario 1: We are looking very bullish on AU and we can see a wedge pattern forming at this recent high. Going into this week we’re looking for the bullish trend and pattern to continue. Ideally we see some good rejection off 0.67000 support and can target higher...
DXY Bearish Idea Weekly Trend: Bearish Daily Trend: Bearish 4Hour Trend: Bearish Trade scenario 1: We are still looking overall bearish on DXY since the trend change that occurred around november 10th, 2022. We ideally want to see this trend maintain and identify a clear downtrend we can use to our advantage on tradeable pairs. Look for DXY to show signs of...
After USDSGD has escaped the ascending channel and the head and shoulders pattern, it is now touching an ascending trend line starting back from Sept 21 and touched again on Feb 22, also touching a 23.6 fib level, currently looking to retest the previous support (neckline) and a 61.8 fib, which is now resistance @1.366, and also the lower channel line. Which was...
If gold breaks the neckline of the inverse head and shoulder pattern @1803 with momentum and stays there, it will probably target 1832 and then come back to retest the neckline and do some liquidity fishing to head up again towards 1895. There is a possibility of changing the hole direction down to 1703, but I am still biased long on gold ; my reasons for that is...
The EURUSD is finding a hard time pushing up due to too much resistance in the area; we have a 55 EMA and 38.20 Fib, a weekly resistance @1.061, and a close monthly resistance @1.076 with a yearly trend line back from 2016 & 2020 and a descending trend line touching back from May 2021 In an 8 hours time frame, we can see that there is decreasing momentum and...
- Seasonally AUD is strong in DOC - Seasonally USD is weak in DEC - Institutions bought below 0.6250, looking for 1000 Pip Mark Up - Seasonal target is 0.7250 before USD gets strong again (in JAN) - Correlation: NZD is leading, AUD is lagging - COT confirms the move higher
These are levels that I'll be keeping an eye on when dealing with $DXY, and I'll revise as price action progresses. I adapt to the change in money flow.
We move past US payrolls with only a momentary shake for risky markets - the immediate reaction was to buy USDs, sell Treasuries and equity, however, the market was quick to reverse that flow. When we drill down into wages, revisions and the balance between the Household and Establishment survey, the wash-up is it supports the ‘soft landing’ argument and won’t...
The US Dollar Index is argually on one of the strongest falls in history and this long term chart does its justice. The emphatic rejection in September was outside of the long term Channel Down but on the 1.118 Fibonacci nonetheless. The technical target is the 1M MA50 (blue) line where a multi week break below could repeat the 2002 - 2008 mega correction....
Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst. For those who know me, I always keep an eye on DXY to feel the overall market (stock, crypto, forex) As per my last analysis (attached on the chart), DXY rejected the upper bound of the brown channel and traded lower. Now What? and why you need to be prepared? As we all...
Getting into a short position. Pretty clear bearish channel forming with a clear strong downwards tendency due to the retracement and inflation of the American and Worlwide economy.