The DXY Attempts to Reclaim the 96'sThe US dollar is meandering in the high 95's. After rejecting the 96 handle, we promptly saw support at 95.82, with a few attempts to break it immediately finding support just above 95.58, the next level down. Several green triangles on the KRI have confirmed support above this level. However, any attempt to break through to the 96's again is being met with resistance, confirmed by red triangles on the KRI. We will have resistance at 96.24 if we are able to break into the 96's again. If so, then 96.44 is a likely ceiling for now.
Forex-usdjpy
TS ❕ GOLD: recoveryThe metal still holds and after yesterday's rollback due to news from the US, growth is expected. The growth target will be the price area near the uptrend channel support line, which is approximately the level of 1840.
BUY scenario: Long is relevant now from the level of 1827.950. Closing the price above this level will be a more conservative variant.
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US Dollar Index Finds SupportThe US dollar has fallen further, but has found support at the last level of the 95 handle at 95.26. We do appear to be finding good support here, with a pivot back to 95.58. The rally looks pretty weak and we are encountering resistance confirmed by a red triangle on the KRI. If we see a further selloff, then 94.97 is the next target. If the DXY can break through current levels, then 95.82 is the next target.
USDJPY | M15 | 📉Hi Traders! Technical Analysis: 3 RSIs & 2 Stochastics indicate a strong uptrend | Stop-Loss: Place “just below” candle that just “closed” with no tail | Trailing Stop: Move stop-loss to “just below” each new Heiken Ashi candle that “closes” with no tail | Do not move stop-loss if Heiken Ashi candle(s) “closes” with a tail (of any size).
Will the US Dollar Recover??The US dollar made a run for lower levels, breaking through to the 95 handle. We appeared to be making a concerted effort to test lower levels in the 95 handle but found support at 95.82, the exact level we anticipated. A green triangle on the KRI has confirmed support here. We appear to be making a brief pivot back to the 96 handle, but are currently facing resistance at the first level at 96.24. If we are able to break this, then the next target is 96.44. After that, we will face resistance from several levels in the mid 96's. If we dump again, then 95.26 is the next target if 95.82 does not hold.
USDJPY | H1 | 📉Hi Traders! Technical Analysis: 3 RSIs & 2 Stochastics indicate a strong downtrend | Stop-Loss: Place “just above” candle that just “closed” with no wick | Trailing Stop: Move stop-loss to “just above” each new Heiken Ashi candle that “closes” with no wick | Do not move stop-loss if Heiken Ashi candle(s) “closes” with a wick (of any size) | Close trade before 4:45 pm EST (9:45 pm GMT).
USDJPY: DOUBLE PROFIT UPDATEThis is a really trade, don't trust that every trade can make you 200pips.
> 1 (yellow): Entry level
> 2 (blue): panic level (omg i'm losing money) > wait, patience, don't close the trade just for 5 pips in loss, keep a little margin
> 3 (green): you are in profit, it's your choise close or wait for a major gains
> 4 (red): ok, sometimes you have to close at breakeven, can happen
If you close after 2 days for a 40-50 pips profit, you didn't risk much.
Point 2(blue) and 3(green) are the most important, have patience and don't be too greed
Think about it.
DeGRAM| GBPJPY good buy dealAlso, a good buy can turn out for the GBPJPY currency pair. Here it is necessary to wait for the price to close above 154.860, after which the price movement will most likely be directed towards the resistance line. Already there is a resistance area, which is likely to push the price to 152.740 in the near future.
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Sideway before moving up on UJ?On Daily chart UJ is coming to a congested zone on daily time frame,could ding dong a bit.shall see what happen next week and react accordingly.
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TS ❕ EURUSD: requires correctionMost likely, the currency pair will not be able to reach the resistance of 1.15250 this week. Despite the good success of buyers, the price will go for a correction. Whether the price will be able to reach the support 1.13570, where the upper line of accumulation was broken, will have to be seen at the beginning of next week.
SELL scenario: Sell entry points today can be looked for closer to the American session. Just before this time, the pair would grow a little more, from where it will be more profitable to open a sell order.
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Will the Japanese Yen Gain Strength?Good day everyone,
As you can see, USDJPY is in one of the most Crucial Area. This is is where the dump started years ago.
From Technical Perspective
- Base on DXY (Dollar index) we have reach the Pre-pandemic levels. This means, there will be a lot of Consolidation within the area for a couple of months.
- The Japanese Yen has been weak for months across all pairs, it will gain some strength soon.
- If we break the Crucial area, we might end up going to the Multi Multi year long resistance, but if it has trouble and starts consolidating with weak buy pressure, we can end up going down tremendously
The US Dollar Begins the Year with WeaknessThe US dollar has started 2022 with weakness, as we have given up the 96 handle and tested lower levels in the 95's. We have broken past our support level at 95.82, but have pivoted at 95.58, which we have added as a new technical level, just above the midpoint of the vacuum zone to 95.26. Since then we have broken 95.82 from above and below, suggesting that we are seeking value somewhere in the range between 95.58 and 96.00. With risk on sentiment in stocks, and inflation worries out of the spotlight for now, we could press lower. If so, watch 95.58, and the vacuum zone down to 95.26. If we catch a relief rally, we must first break 96.00, then 96.24 is the first level in the 96 handle after that.
US Dollar Finding Support at Lower LevelsThe US dollar has sold off as central bank news has deliquesced into the markets. We gave up hopes for 97, and receded from the 96 handle. We found good support at 95.82, which is the level we have identified every report for weeks as a min lower bound. The DXY seems to be finding good support from here, with two attempts at this level catching a bounce with some momentum. Watch out, because there is a vacuum zone down to 95.26. It does appear that we are trying to establish value between 95.82 and 96.24, but again, watch that vacuum zone if these values will not sustain. From the upside, there is a cluster of levels in the 96 handle that should act as a barrier to 97 for now.
USDJPY - 2th December, Possible Next MovePretty simple analysis on this one.
USDJPY is on a bearish bias, DXY (dollar index) is currently with a weak bullish sentiment entering a mix between BULLISH/BEARISH which could indicate weakness of dollar pairs.
We have right now a BOS (break of structure), nice bullish order block, and an imbalance to be filled before a possible continuation of the bearish movement.
Regards,
Team PRFX :)
EURUSD 3H & 1H TF : 25.Nov.2021The price has finally reached its lowest level in recent months and we can still expect further fall until the downtrend is broken, but it should be noted that the level of 1.12 is a psychological support level as well as static, so breaking this level to Requires a lot of power, different scenarios are marked on the chart.
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👤 Arman Shaban : @Ar_M_An_4
📅 25.Nov.2021
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