1H Corrective approach towards entry zone. -27 Fibonacci completion aligning with entry zone. = Buy limit. 0.5% risk. Aiming to take full profit at Daily TP.
July housing data was generally weak, with building permits down 4.0% to 1.396M and housing starts down 6.8% to 1.238M. The sector is under pressure as the Federal Reserve’s interest rates peak and may begin to decline soon. Yesterday, St. Louis Federal Reserve Bank Governor Alberto Musalem noted that macroeconomic data has strengthened the regulator’s confidence...
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 wave 2 has been in action since late 2022 and will be nice to see its final completion. A little level to deal with in the coming week or so in order to open up the end game of C of 2. The Wave 3 up will be the move of wonder through 2025-2028.
Welcome to another R2F Weekly Market Analysis using ICT Concepts along with my own discoveries. I'm going to go through various assets/markets, and give a real-time view of how I perform my analysis on the weekends. I'll give my take on what has been happening, and what I'm expecting in either the coming days, weeks, or months. Without further ado, let's get into...
S&P pulled back 78% of the fall Nasdaq pulled back 61% of the fall Dow pulled back 78% of the fall IWM pulled back 50% of the fall Impressive rips for 2 weeks of trading for the "buy the dip" community. This week's direction was steady in futures, and gaps higher in indexes from opening to closing bell. I'm keeping the charts as clean and simple as possible....
Bitcoin's price has been struggling to gain traction, even as traditional safe-haven assets like gold have surged to unprecedented heights. The yellow metal recently eclipsed the $2,500 per ounce mark for the first time ever, a testament to its status as a hedge against economic uncertainty and inflation. In stark contrast, Bitcoin has been trading sideways,...
4H Corrective approach towards entry zone . -68 Fibonacci completion aligning with entry zone. Ascending trend line holding up the price. = Buy limit. DXY makes sense for a Long as well. 1% risk.
The U.S. Dollar Index (DXY) has been trading within a 19-month Channel Up pattern and this week (as well as on August 05), it almost reached its bottom (Higher Lows trend-line). This is a Double Bottom formation so far, which is a bullish pattern, that was also formed on the 1D RSI. The last time the RSI completed this formation, we've had a bottom that gave way...
Here is our detailed technical review for DXY. Time Frame: 4h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The price is testing a key support 102.879. Current market trend & oversold RSI makes me think that buyers will push the price. I will anticipate a bullish movement at least to 103.134 level. P.S Overbought...
FX:XAUUSD declines after the CPI report to the local liquidity zone of 2440, forming a new trading range. But, buyers come back and try to hold the psychological zone of 2450 again. The bullish trend persists, gold is trading within the “Symmetrical Triangle” consolidation pattern Traders await US retail sales data for fresh signals on Fed policy. Although the...
Today we are monitoring EURUSD for a potential sell. First entry at 1.10038 (current price) and second entry at 1.1.219. stops above 1.10462. Our targets are below 1.0940. Use proper risk management.
Impact on Bitcoin (BTC): The DXY’s movement often has an inverse relationship with Bitcoin. A rising DXY typically exerts downward pressure on BTC, as a stronger USD reduces the appeal of alternative assets like Bitcoin. Conversely, a weakening DXY can provide a tailwind for BTC, encouraging capital flows into the cryptocurrency. Historically, the 12 EMA and 50...
Do you remember the pandemic period? The markets seemed to crash first, many of us even said, let's keep our money, neither stock market nor investment, let's see the way ahead first, let's not be exposed. Today, they had another case that shook the world. I say they did because I think there is nothing unconsciously done. Does the Monkeypox case look familiar?...
#dollarindex #dxy is readying for another impulsive wave in lower time frame and looks like will harm #stock markets , #btc #crypto etc.
Gold dropped which I said would happen in yesterday's analysis. We are currently seeing sharp fluctuations so that Gold can shake out the early sellers, before it pushes up towards a new ATH!
Yesterday's buy analysis moving to PERFECTION! We got the dip down which I said would happen, followed by a rejection & sharp move back up again, shaking out all the early sellers. A nice 800 PIPS move towards our buy target, from our grey supply zone🚀
15th August DXY: Possible Inverted Head & Shoulder forming (retail sales data pending), price above 102.70 can trade up to 102.90. Below 102.45, invalidates IHS, could trade down to 102 support. NZDUSD: Sell 0.5985 SL 20 TP 40 AUDUSD: Likely range bound, Buy 0.6585 SL 20 TP 60 GBPUSD: Buy 1.2875 SL 25 TP 60 EURUSD: Sell 1.0990 SL 20 TP 45 USDJPY: Could...