Here is our detailed technical review for DXY. Time Frame: 2h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The price is testing a key support 101.111. Current market trend & oversold RSI makes me think that buyers will push the price. I will anticipate a bullish movement at least to 101.409 level. P.S The term oversold...
Update of earlier idea We've got the first leg up, then deep retracement (yellow). Now, the second leg up kicked off. Target 151, leg 2 = leg 1
Gold once again pushed back up into our supply zone, giving us a second chance to enter sell positions if we missed out the first time & this time I got into sells! Our Gold short analysis is down 300 PIPS in profit, since rejecting our supply zone. Beautiful move to the downside! This is only the START OF THE CORRECTION, before Gold allows us to buy it back at...
I checked the BTC to DXY chart It should be said, is it time for high-risk markets to enter their secondary bull market and once again all the people of the world stare at themselves with their champs, especially in the altcoins sector? I say yes, the next few will prove that the beginning of this process is taking shape...
🤔📉 Dollar Index Breakdown - Is the Decline Set to Continue? 🧐💵 Hey traders, it's time to revisit the Dollar Index (DXY)! We've had some fantastic trading opportunities in the past, especially with the short on USD/JPY, and now, things are getting even more interesting. Despite the Federal Reserve holding off on rate cuts for now, the anticipation is building....
28th August DXY: Trading along 100.80, could trade lower to 100.55. If support level not broken, could range between 100.55 and 100.90 NZDUSD: Buy 0.6290 SL 20 T 70 AUDUSD: Looking for a break of resistance, Buy 0.6810 SL 20 TP 40 GBPUSD: Could trade up to 1.33, look for reaction at the strong resistance level. EURUSD: Could range between 1.1160 and 1.12 ...
1H Corrective approach towards entry zone. Market moving in Bull Flag formation. = Instant market execution Buy. 0.5% risk.
Macro theme: - The dollar hovered near its lowest in over a year but downside momentum is fading as markets have already priced in Sep easing. - A short-term rebound is possible if the EU CPI continues its downward trend this week. Technical theme: - DXY formed a small double-bottom pattern around 100.50 in the 4-hour chart and bounced up to retest its neckline,...
In todays session we are monitoring EURUSD for sell positions, our entry is at 1.11372 and targets are below 1.1000 and stops above 1.11734. Use proper risk management.
ETHUSD has been trading within the range of 2526 to 2826 since early August. Currently, as BTCUSD spiked lower, it seems to have dragged ETHUSD down with it. (also likely due to the current recovery in strength on the DXY) Similiar to the BTCUSD, there could be a brief consolidation/retracement on ETHUSD before a continuation lower to the 2300 price...
BTCUSD has quickly reversed from the 65,000 resistance area, which was tested on Monday this week. This move lower is not due to any major news but likely due to technical levels and its correlation with the DXY. A recovery in strength on the DXY traditionally leads to downward pressure on risk assets like cryptocurrencies. Today, the reversal broke through...
We stand back to admire the long-term chart of the US dollar index, and yes there could be further downside over the coming weeks. But a quick check on the daily timeframe makes us wary of jumping into an already well-established short, given potential support levels nearby and the fact everyone and their dogs seem to be bearish the dollar.
Natural Gas stock Bulls PEPPERSTONE:NATGAS Support & Resistance Guide AMEX:UNG Stock Forecast AMEX:USO Oil Stock Forecast TVC:DXY US dollar Stock Forecast Gold OANDA:XAUUSD Stock Forecast Silver OANDA:XAGUSD
this set up is taken off the 5M timeframe. looking for a run of yesterdays highs off intraday market structure - support will the bullish rally continue in EURUSD for another day? let me know what you think in the comments down below!
In todays session we are monitoring gold for bullish movement, we have two entries at 2509 and now at 2506. Our stop loss is adjusted to 2502 and targets above 2527 area. Use proper risk management. cheers
Rebound and reversal DXY The dollar index is moving according to the previous analysis but it may still go lower with a false takeout and then a reversal to a deep correction will start. The area of 100.60-100.50 is still an important strategic support but no one cancelled false bounces. I expect a correction in autumn around 102 and will further refine.
The XAU/USD pair on the M30 timeframe presents a potential Buying opportunity due to a recent formation of well-defined Bullish Channel pattern. This suggests a shift in momentum towards the Upside in the coming Hours. Key Points: Buy Entry: Consider entering a Long position around the current price of 2511, positioned close to the breakout level. This offers an...
27th August DXY: consolidating along 100.80, needs to stay below 101.10 to maintain bearish sentiment, breaking 100.80 could trade down to 100.55 NZDUSD: Buy 0.6230 SL 20 TP 45 AUDUSD: Look for reaction at 0.68 (CPI Pending) Sell 0.6740 SL 25 TP 45 (Tomorrow) GBPUSD: Buy 1.3225 SL 35 TP 70 EURUSD: Buy 1.1180 SL 25 TP 70 USDJPY: Wait for retracement to...