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Forex-currency

P2P | DXY PredictionWhats up guys and gals, thank you for tapping in with another icy DXY prediction. Not sure how long I will keep the idea of this mark up due to the fact that we have entered Q2... Let's see what we get! Keeping it simple, I seen price action: 1. Support above old highs 2. Bullish imbalance 3. FVG on daily timeframe 4. Direction of momentum Some simple yet effective confirmations I use in my analysis. These past few weeks have been crushing it so shoutout to yall for sticking with me! See you in the next clip of education and analysis. Trade well, stay healthy, and let 2023 be the beginning of it all for you!
TVC:DXYLong
by Pips2Porsches
AUDUSD: Hit the 4 month Support Zone over the 0.618 Fib. BullishThe AUDUSD pair is vastly oversold on the 1D time frame (RSI = 29.541, MACD = -0.008, ADX = 36.291) as the price hit the S1 Zone going back to November 21st. The 0.618 Fibonacci is at the bottom of this zone and makes the strongest possible Support. As a result we are turning long on this pair, targeting the 1D MA200 (TP1 = 0.67500) and the 1D MA50 (TP2 = 0.68500) on a 1 month horizon. ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
Long
by InvestingScope