hi freinds I think we have to wait for the breakout at the resistance level 3.31 to enter a buyer if otherwise the objective will be support at the level of 2.91
Hi friends the monthly chart of this market shows that it will experience an uptrend in the next few days but it is better to be careful of the change from the direction of the market to the opposite direction please subscribe to receive more analyzes
Hi friends the technical analysis of this index shows that there is a high probability that it will know an upward trend can go up to 26342 in 1st time and if it breaks this level it could go up to 28439 in 2nd time for more information please contact me on youssef.lyazidi5@gmail.com
Hello my friends the analysis of this market shows that there is a very high probability that in the next few days will experience a bearish trend for more information please contact me on youssef.lyazidi5@gmail.com
Hello my friends the analysis of this market shows that there is a very high probability that in the next few days will experience a bearish trend for more information please contact me on youssef.lyazidi5@gmail.com
Hi friends the graph of this market shows that there is a high probability that it will experience a bearish trend in the coming days for more information please contact me on youssef.lyazidi5@gmail.com
A HnS formation is forming after the price was rejected by a falling trendline. Although we have witnessed a major retracement from the dollar last week, a huge portion was recovered on the last trading day. The dollar index managed to close with a bullish candlestick after a failed double top. Let's not forget that the dollar is still the dominating currency in...
We kind of know that the dollar will dominate the market eventually but it was kept delayed. The dollar has struggled to break new high since its peak 2 months ago. And 2 months of ranging market also means that the phrase is about to change anytime. As of now, we have an inverted H&S where the dollar successfully rebounded off from the second shoulder with a very...
Since the gold has rebounded off from its lowest at 1160 and reached highest 1214, the price fell into a 2-months range roughly between 1212 and 1190. As the dollar dominates the last week of September, the gold finally broke out of its range and chose to resume its falling trend. If carefully observed, the price tends to retrace and supported by a rising...
The dollar did poorly in the month of September but turned over during the last week after the Fed raised rate by 25 basis point as expected. The Fed chairman has also adopted a very hawkish tone in regards to the economic growth and the pace of raising rate. The dollar is also undervalued after dropping for close to a month and became oversold as it broke below...
My apologies for the late-post, EURUSD has begun falling from an important resistance level formed by multiples of trendlines. Nevertheless, it is still the beginning of a new wave of depreciation, thus there will still be another opportunity to sell at a better price as retracement takes place in a smaller timeframe. The dollar has successfully reached 95.6, a...
I guess I might have posted a little late as the price made its move down while I'm still drawing the chart. Nevertheless, I'm seeing that the major retracement is almost or probably completed for GBPUSD. I've labeled 2 stop loss level, a conservative and an aggressive one, for different risk appetite, and I'm certain of the trend. The main reason for such...
Hi traders! Last week must have been quite a nasty week, isn't it? The dollar was moving strong and steadily and suddenly, it just kept heading south. I must admit I was also too caught up in the dollar domination mentality, but with good risk management, it did not hurt my trading account much. This is why risk management is so important despite a trader has a...
USDJPY has been retracing downwards since the appreciation which begun from mid-March halted about a month ago. As analyzed on 10th August, the price rebounded strongly as it retraced into the buy zone and supported by a weekly falling trendline. And after the rebound, USDJPY has broken above a double falling trendlines, and that's quite a confirmation for the...
After more than 2 months of struggle for the dollar, it finally took control of the trend as it broke above 95.6. As seen in EURUSD, multiple structures have been broken such as the bottom of a 2-months symmetrical triangle and the bottom of the overall range 1.17 - 1.15. It is next to inevitable that EURUSD will face a prolonged period of rapid depreciation. We...