DXY D1 - Neutral outlookDXY D1
The dollar index has displayed robust corrective movements in recent weeks, buoyed by a diverse set of supporting data points. The 103.000 handle emerges as a pivotal support zone, potentially paving the way for a substantial rebound in the USD. It remains to be seen how events will unfold.
Examining the market from its swing low to swing high, a substantial and healthy 55% correction has taken place thus far.
Forexalerts
GBPUSD H4 - Long SignalGBPUSD H4
Currently sitting north of 100 pips deep now, following the bounce from that 1.28 handle we had highlighted a couple of days ago. Getting off the ground nicely ahead of FED and FOMC later on this evening.
Again, not sure how much mileage this may or may not have in it ahead of this event, often markets are a little bit static, then the event itself acts as a catalyst as orders flood the market in respect of the data release.
EURJPY 1HR CHART SIGNALWe have a nice head and shoulders pattern on the 1hr time frame for EURJPY, there is also double confirmation coming from a good rejection from the 4hr resistance @144.486. we also see the breakout of the uptrend we currently had going on for the past week making it even better opportunity for the sell coming up.
A nice point of entry would be around @144.000, putting our SL right above the right shoulder which would be around @145.500 giving us a good space incase we see a small pullback allowing us to stay inside our trade. For our TP I am looking at 1-1 risk/reward so the first TP would be @142.500 and to maximize our profits I would aim for the seconde TP down to the 4hr support which would be around the @140.317.
DXY H4 - Long SignalDXY H4 - Breakout seen last night, which saw us follow gold from $1900 to $1920/30 respectively. Exhaustion seen and that's where we posted the short signal from. $1930, hopefully down towards $1900 support and possibly beyond, depending on the outcome and projections from the FED later on this evening. Not entirely sure how much the USD will want to move ahead of this economic event, as you all know by now, we often see stagnated markets before big news releases.
AUDUSD H4 - Long SignalAUDUSD H1 - We closed the signal at 0.69450 price as we approached this area of hourly and H4 supply and also an area of H1 and H4 resistance. GBPUSD seems to be pulling back a fair bit, and DXY has yet to break outside of this range again following the correction. Happy to bank circa 1.5% on this overall.
GBPUSD D1 - Short SignalGBPUSD D1 - Big daily timeframe again, we have yet hit another 100 pip threshold. Possible shorts here from the later rally extension, relief rally for the USD as we have seen it lag in recent trade. Would ideally like some price action confirmation on the H4 atleast, failing this, we may breach upside, then we can simply prepare for the break and retest play. A correction would typically be expected though, after such a streak of bullish H4 candles.
GBPAUD D1 - Break & Retest (Sell Signal)GBPAUD D1
We are now starting to see some seller exhaustion and buyer correctional play coming in. Hopefully we can pullback up towards out confluence zone of 1.72650, here we have our are a of H4 s/r, and a healthy corrective point of 618.
We would obviously like some sort of H4/D1 PA confirmation to tick off the third confluence.
LONG on GBPCAD!!We got already some powerful confirmations and i entered Long on GBPCAD 5 days ago and now guy you have another chance to go long again on GBPCAD to around 1.58416 because we are in a retest bigger than the previous one and after the end of this retest we will gor around 1.58416 and the go down again to 1.53520. Dont worry guys, when i will get the confirmations for the SHORT Position, i will share it with you, So if you want to stay in touch, Follow me on my Tradinview account.