22nd August DXY: Needs to break 101.10 to trade down to 100.80 (strong support), could range between 100.80 and 101.60 NZDUSD: Buy 0.6170 SL 20 TP 45 AUDUSD: Looking for reaction at 0.68 resistance level GBPUSD: Buy 1.3060 SL 30 TP 75 EURUSD: Buy 1.1100 SL 30 TP 60 USDJPY: Sell 144.40 SL 50 TP 100 USDCHF: Sell 0.8490 SL 20 TP 40 USDCAD: Sell 1.3570 SL...
DXY broke the symmetrical triangle on the 1D timeframe, breaking the previous low. I believe that a bearish trend is starting in the short term, if this is confirmed it could be beneficial for the crypto market.
No current refined POI for entry, but I am fairly confident on the current target. Stoploss below the current swing low. It is pretty straight forward. Price is following OBs and BISIs, and is on course to take out the immediate swing high. The target is a NWOG area, similar to what we saw on EURUSD in the past when it made its most recent high. - R2F
Price is close to some juicy equal highs, so I will be anticipating a retracement into a POI to catch a trade on a lower timeframe to that area as my low hanging fruit objective. I see price either coming into a 2W Bullish Breaker (Coupled with a NWOG), or a 2D Bullish Orderblock. The annotated stoploss is for illustration purposes only. Price can very well...
I reviewed an interesting study Tuesday about V bottoms. Over 20 years of data showing the average "V Bottom" takes nearly 1 year to come back and get into positive territory. The fact that all US Indexes and many stocks have done this in 10-15 trading trades is pretty remarkable. Will we more path of least resistance at all-time highs or will we see resistance...
✅DXY will soon retest a key support level of 100.600 So I think that the index will make a rebound And go up to retest the supply level above at 101.500 LONG🚀 ✅Like and subscribe to never miss a new idea!✅
101.700 - 100.600 is the demand zone on weekly time TF price has pierce down in the demand zone to its mid's the last 4 days of downfall was sharp that it has left only one resistance that could be noted on 103.250 what are the sign to start building long >>> * just on the top of demand zone we have a daily bearish fvg marked (in red) if we have any coming...
Hey there, In the 5-day long-term timeframe, the TVC:DXY faced a correction from the supply zone around $106.500. After some minor fluctuations within this range, the price, failing to stabilize above the $106 level, encountered a renewed downtrend from the bearish order block. Currently, a strong bearish momentum is observed, and the midterm outlook remains...
Continue falling DXY The dollar index continues to fall, exactly repeating the previously made analysis on it. On targets I see the nearest support levels around 99.45-99.11 From which can make correction upwards to 101.662.
Our Gold short analysis is moving as predicted. Buyers tapped into our supply zone, peaked at a high of $2,532 & has now melted back down 300 PIPS so far! This is only the START OF THE CORRECTION, before Gold allows us to buy it back at a cheaper price & target new high's in the market🚀 Personally, I did not manage to get into this sell position as I was away...
Take a look at our analysis for DXY. Time Frame: 9h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is trading around a solid horizontal structure 101.503. The above observations make me that the market will inevitably achieve 102.220 level. P.S We determine oversold/overbought condition with RSI...
21st August DXY: Look for retracement to complete, continuation of the downside, below 101.30 could trade down to 100.80 (hesitation at 101.10) NZDUSD: Buy 0.6170 SL 20 TP 45 AUDUSD: Looking for reaction at 0.68 resistance level GBPUSD: Buy 1.3055 SL 40 TP 80 EURUSD: Buy 1.1150 SL 30 TP 100 (hesitation at 1.12) USDJPY: Wait for retracement to complete...
FX:XAUUSD is forming a trading range. The emphasis is on 2531 - 2485. On the background of profit-taking, before the news, the price may test the support before further growth. . The fundamental environment is the same: tensions in the Middle East and focus on Powell's comments on Wednesday and Friday. Today it is worth paying attention to the FOMC meeting,...
Market corrections are tricky and in this post you can see why. Dollar index weekly chart shows signs of large sideways consolidation (aka flat correction, range) after a strong drop marked with the orange down arrow 1. This consolidation passed halfway as we can see all first moves are completed. The first major yellow counter-move is done; it will be connected...
Traders continue to sell the US dollar in anticipation of a dovish speech from Jerome Powell on Friday. To the point where we wonder if this could be a case off "sell the rumour, buy the fact". Matt Simpson takes a quick look at the USD dollar index and bond yields.
Hey Traders, in tomorrow's trading session we are monitoring DXY for a buying opportunity around 102.150 zone, DXY is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 102.150 support and resistance area. Trade safe, Joe.
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3 red soldiers, also known as 3 black crows, is when the price action forms 3 candles in a row of similar body length with very small wicks on both ends of those candles. This usual signals that there is more downside to come. We can also see here that we have now closed to full candle bodies below the ascending channel for the first time. The measured move...