The USD index recently topped and reversed, it was killing every other currency except the Russian Ruble! (fancy that huh!) A new down-trend channel was formed and this was broken at the start of December 2022 Could be easy pair trades here on FX against the USD but possibly wait for a pullback and watch for the flip in direction, it's definitely hazardous...
DXY is still making its way down to meet support so that it can resume its up-trend.
Midterm forecast: 20.621 is a major support, while this level is not broken, the Midterm wave will be uptrend. We will close our open trades, if the Midterm level 20.621 is broken. Technical analysis: While the RSI uptrend #1 is not broken, bullish wave in price would continue. A trough is formed in daily chart at 20.860 on 11/28/2022, so more gains to...
Markets are constantly seeking balance, even if it looked huge at early stages ,, it will come back around ..
Hey traders, As I predicted, EURUSD bounced after a retest of a broken neckline of an ascending triangle formation. Next week, the price will most likely go higher. The next goal for buyers will be 1.0585 - 1.0655 supply cluster. Good luck next week! ❤️If you have any questions, please, ask me in the comment section. Please, support my work with like, thank you!❤️
as we can see on my chart audusd was on a long bearish trend before going bullish which resulted in a rising wedge pattern so therefore a bearish trend is expected to begin soon my advice to my followers is to look for sells. if my forcast was helpful pls like, share, comment and follow.
1hr retracement with 15min higher low , first tp is green line in the middle , 2nd tp is the top of blue box , expecting a big drop either at tp1 or tp 2
Eurusd has a rising wedge forming and a possible bearish trend is on the cards my advice would be for everyone to look for sells on eurusd. if my forcast has been helpful like, follow, share and comment.
Could be heading lower but do take note of this area as a key zone. price action wise is a bit undecided to have a clear break down. **Find out more from my Tradingview Stream this week** *************************************************************************************** Hello there! If you like my analysis and it helped you ,do give me a thumbs ups on...
Has been on the downside since last rate news..bias still on the short side.. 104.5-105 should be a zone of supply and demand to watch.. **Find out more from my Tradingview Stream this week** *************************************************************************************** Hello there! If you like my analysis and it helped you ,do give me a thumbs ups on...
This is the USDJPY pair on the 1M chart. The October rejection and subsequent deep red November may have come as a surprise to many but not if they've had been paying attention to this multi-decade chart that clearly shows the rejection was on a major, historic Resistance cluster. Before we begin, note that the October mega rejection was something we called for...
It is no big secret that the U.S. Dollar Index (DXY) is on a strong bearish reversal. It is something we've been warning the community about since September when we caught the exact top on the Channel and called for a massive reversal: What however appears to have confirmed the bearish extension is the fact that the DXY broke and closed below its 1D MA200...
- Seasonally spoken NZD is supposed to be the strongest amongst the Majors - USD is supposed to weak in DEC - Seems like Institutions bought below 0.5750 - Looking for an offset 1000 pips higher above 0.6750 - 0.6250 = Previous Year Middle = Imbalance = GAP = Support - Volume preceeds price on the Daily - COT shows Asset Managers accumulationg longs and...
- Seasonally spoken NZD is supposed to be the strongest amongst the Majors - USD is supposed to weak in DEC - Seems like Institutions bought below 0.5750 - Looking for an offset 1000 pips higher above 0.6750 - 0.6250 = Previous Year Middle = Imbalance = GAP = Support - Volume preceeds price on the Daily - COT shows Asset Managers accumulationg longs and...
The bear market rally is coming to an and when the $ makes a turnaround. From my perspective this is very likely the area around 103 since 102.992 is the previous high from March 2020. From there we might see a rally up into the 120 - 125 area. I added the Elliot Waves even though I don't trade them.
This week we spotted a bullish triangle on AUDUSD on a daily. The price broke its neckline on Friday. It will most likely initiate a bullish continuation next week. Next goal - 0.689 ❤️If you have any questions, please, ask me in the comment section. Please, support my work with like, thank you!❤️
The yellow metal may change its course after the NFP news was issued in favor of the US dollar. Next week, the picture will become clearer for the future movement of gold. Gold was unable to breach the psychological resistance level of 1800, it touched it, but did not close above it, and for that, I expect the movement to be bearish regarding gold. Do you think...
Long as long as you can It's happening 🫡 Thanks for your support