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Forexleague

DXY (USD Index) 4hour Analysis September 26th, 2021 DXY Bullish Idea Weekly Trend: Bullish Daily Trend: Bullish 4Hour Trend: Bullish Trade scenario 1: Still looking bullish here on DXY, it’s very likely we’ll see price action push into our 93.800 resistance level. Keep in mind price action could test support at 93.000 again before continuing higher. Trade scenario 2: For us to consider DXY bearish we first need to see a 4hour transition back to a bearish trend. This would be confirmed if we saw price action break 93.000 with a lower high below.
TVC:DXYLong
by ForexLeague
XAUUSD 4hour Analysis September 19th, 2021Gold Bearish idea Weekly Trend: Bearish Daily Trend: Bearish 4Hour Trend: Bearish Trade scenario 1: We saw a nice break below 1800 followed by huge bearish volume. Currently for us to enter short we need to see a pullback with a nice lower high below 1800. We also will consider short scenarios if we see a major break of support at 1740. Trade scenario 2: For us to consider Gold bullish again we would first need to see a break back above 1800
FX_IDC:XAUUSDShort
by ForexLeague
1
EURJPY 4hour Analysis September 19th, 2021EURJPY Bearish Idea Weekly Trend: Bearish Daily Trend: Bearish 4hour Trend: Bearish Trade scenario 1: We’re definitely looking bearish here on EJ and we’re looking to continue with that trend into this week. At the current level we’re waiting for price action to break and retest our 128.900 level so we can enter short on a lower high. Trade scenario 2: For us to consider EJ bullish we first need to see a strong reversal here at 128.900 and ultimately a break above 130.000.
Short
by ForexLeague
USDJPY 4Hour Analysis September 19th, 2021USDJPY Bearish Idea Weekly Trend: Bullish Daily Trend: Bearish 4hour Trend: Bearish Trade scenario 1: Overall we are still technically bearish as long as we are below 110.000 but DXY has shown to be very bullish. I am sticking to a bearish outlook because we have multiple levels of resistance and the technicals show that a short scenario is closer to happening than a long scenario. Look for lower highs below 110.000 to enter short on. Trade scenario 2: For us to enter long we need to see a break of resistance at 110.000 and also 110.300 where we have seen multiple fakeouts in the past. We will enter long when price action forms a higher low above these levels.
Short
by ForexLeague
AUDJPY 4hour Analysis September 19th, 2021AUDJPY Bearish idea Weekly Trend: Bearish Daily Trend: Bearish 4Hour Trend: Bearish Trade scenario 1: AJ is also looking very bearish and had some nice movement last week. At the current level it looks like price action formed a pattern and is now continuing. This is an area where entry signals are present and there could be a decent trade here. We will look to target lower toward support around 79.000. Other entries would include confirmed lower highs on our way down. Trade scenario 2: For us to consider AJ bullish we would first need to see a 4hour transition and a break above 80.800 with higher lows above.
Short
by ForexLeague