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AUDJPY 4hour Analysis July 25th, 2022AUDJPY Neutral idea Weekly Trend: Bullish Daily Trend: Bullish 4Hour Trend: Bullish Trade scenario 1: Overall we are extremely bullish on AJ but how price action is acting around our 95.000 zone makes this chart tricky. Ideally, we reverse near 95.000, as the pair is overextended, and start forming strong bearish characteristics. Trade scenario 2: For this pair to look very clearly bullish we ideally need to see a clear break above 95.000 with a confirmed higher low above.
by ForexLeague
AUDUSD 4hour Analysis July 25th, 2022AUDUSD Bullish Idea Weekly Trend: Bearish Daily Trend: Bullish 4Hour Trend: Bullish Trade scenario 1: AU is looking very bullish since we broke back above our daily 0.68500 zone. Going into this week price action is strongly suggesting we will continue bullish so either price action will rally from where it is now and shoot higher toward 0.70000 or we will have a great opportunity to enter on a higher low (the blue trade path) Trade scenario 2: If we are to consider AU bearish again we would need to see a break back below 0.68500 with a confirmed lower high.
Long
by ForexLeague
DXY (USD Index) Daily Analysis July 25th, 2022 DXY Bearish Idea Weekly Trend: Bullish Daily Trend: Bullish 4Hour Trend: Bearish Trade scenario 1: Overall we are massively bullish on DXY higher timeframes but we have been forming a bearish 4hour trend since last week. The most likely scenario is that priceaction continues bearish. Look for lower highs and bearish trend characteristics. Trade scenario 2: For us to consider DXY bullish on the 4hour timeframe again we would need to see a break back above our 4hour zone near 107.600. Once we can confirm 4hour higher lows above 107.600 we will have a more bullish outlook.
TVC:DXYShort
by ForexLeague