EUR/USDmix of technical pattern & over bought USDXY, levels amendable dependant on US inflationary data pushing towards bottom of H&S pattern AFTER warmer weather & over bought USDX push euro for slight recovery.
DIXY
DXY MovesSimple as that! down to the gap fill and back up off the OB targeting the liquidity into the bearish breaker.
Other possibility is that it just keeps going up to target from here
Silver is in the buy zone. Reversal imminent.Silver has entered it's buy level of $17-18xx and as the wave pattern comes to the next wave, the price could dip down one last notch.
Silver squeeze, which started in Feb 2021 has drained the COMEX of silver, reducing from 150 million ounces to less than 57 million today. At some point the COMEX will declare force majeure and anyone in silver ETFs is going to be mad.
No price targets as we need true price discovery... but $600 silver is not a meme.
The titanic has hit the iceberg and the life boats are in the water, rowing away while the general public remains on the titanic, drinking and socializing.
The titanic is the US Dollar and the life boats are precious metals but silver in particular.
EURUSD Forecast If you haven`t shorted here, when i gave you this signal:
Then you should know that as long as the war continues and the sanctions to Russia, we will see a weaker Euro and a stronger Dollar.
EUR/USD is the most actively traded currency pair in the world.
The European Union rely on Russia for almost 38% of their imported natural gas .
Germany gets about 50% of its natural gas and coal from Russia, and a third of its oil .
German economy was by far the largest in Europe!
Growth in Europe is still slow, there are concerns also about energy supply and increasing inflation at the same time.
Next target for EURUSD is 1.035
Looking forward to read your opinion about it.
DixiePrice broke the trendline and is currently retesting, will be looking for bearish patterns and entrys.
GOLD ShortI'm holding XAUUSD short as on the daily timeframe we can see nice retracement into the 'Golden Pocket' area. At the moment price is interacting with the 50 ema however on the lower timeframes this has already been broken. Should the daily candle close over the 50 ema I will remain bearish on this trade whilst monitoring pice action around the 1540 area. Should price then continue through the trend line my target will be the -27% fib around 1383.
Gold is highly volatile at the moment so anything could change here, I will be keeping my SL tight and moving to entry shortly as I am now over 1% in profit.
DXY - Short to 93In my last post we had taken longs for the C leg of expanding flat for X wave.
DXY is in a weekly correction right with the last leg still remaining.
Good short setup right on DXY for the leg down.
