Technical Analysis: Incorporate key trading indicators such as the double line resistance breakout, pullback support, and demand zone analysis to assess price movements in the US Oil market. Identify channels and trendlines to spot potential breakout or breakdown points, confirming with volume and momentum indicators like relative strength index (RSI) and moving...
🔆MULTI-TIME FRAME TOP-DOWN ANALYSIS OVERVIEW☀️ 1:✨Eagle eye: The 12-month timeframe shows a clear bearish structure with the formation of a 3rd higher low (HL), indicating a continuation of the bearish move. The overall big picture is not favorable for the dollar. Last year, there was a large wick candle with a tap of the ultimate high order block. 2:📆Monthly:...
Hello, Trader's Community! The gold price is expected to open lower on Monday, June 12, 2023, as investors continue to focus on rising interest rates and a strengthening US dollar. However, some analysts believe that the gold price could bottom out soon, and start to rise again. Here are some of the factors that could impact the gold price on Monday: *...
Hey traders, here is the analysis for the DXY. If you guys like my analysis please hit like👍 and follow. Thanks. DISCLAIMER:- This is not financial advice.
If the pullback is confirmed and above the base band is stabilized, the uptrend will be mailtained. Or the opposite will happen and the trend will be downward. Everything is clear on the chart, If its useful like it please as a support and follow me for future analysis :)
If it does goes down strongly, it will confirm the bearish view and the top is in at least for the short term Should find out in the next few sessions if usd bears have taken over
BULLISHNESS IN USD has caused the usd cad to rise, I can see this continuing for a few more days, as it runs up. confluence of this, is that it continues to make HH,and LH. also equal "highs" on daily above which will indicate short term objective before move down allow price to retrace and gain strength use max 2% RISK