The answer is yes We are repeating history... There are less than 60 days left until the breaking of the previous ceiling and then the price increase to the desired ranges in the Bitcoin chart. After 1 year of effort and study, I found out the method of seeing the chart, I did a lot of trial and error, but now I am ready to make the best predictions in the...
DXY is showing bearish momentum in the intraday charts, with the price encountering resistance and struggling to maintain recent highs. The indicators reflect a downward trend, signaling potential weakness ahead. This setup could lead to further declines if the current momentum persists. Let’s keep a close eye on the developments!
✅DXY went down but Has retested a rising support And we are already seeing a Bullish rebound so we will Be expecting a further local Move up LONG🚀 ✅Like and subscribe to never miss a new idea!✅
Gold is currently hovering around its ATH. I think we will see price consolidate and fluctuate quite a bit around this zone, in order to trap early sellers. After enough sellers have been trapped, only then will we see price shoot up towards a new ATH of $2,516 - $2,540. This is the zone I will look to start shorting the market again, as we will have seen a Wave...
BLACKBULL:US30 has been exhibiting signs of bearish pressure, despite recent upward movements. The chart shows a significant decline below the ascending trendline. The recent upward movement appears to be a pullback, potentially setting up for further declines. Two key resistance zones have been identified on the chart, where the index may face renewed selling...
By examining the #gold chart in the 2-hour timeframe, we observe that last week the price closed at $2431. I expect that with the market opening, after an initial rise to the range of $2442 to $2455, the price will likely decline again. The potential targets for this decline are $2417, $2405, and $2400, respectively. This analysis will be updated tomorrow. ...
The XAU/USD pair on the M30 timeframe presents a potential Buying opportunity due to a recent downward breakout from a well-defined Bullish Flag 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 2474, positioned close to the breakout level. This...
The USD/CHF pair on the M30 timeframe presents a Potential Selling Opportunity due to a recent breakout from a Triangle Pattern. This suggests a shift in momentum towards the downside in the coming hours. Possible Short Trade: Entry: Consider Entering A Short Position Below the Broken Trendline Of The Triangle After Confirmation. Ideally, This Would Be Around...
SELL on the theory markets ranges 70% of the time, and SELL on the theory markets retraces half of the previous leg 90% of the time. I would get in now.
Currently trading just under the 2475 price level, with the US CPI due to be released later Look for possible downside on the DXY which could, due to its inverse relationship, drive gold higher. If the price breaks above the 2480 price level, the next resistance would be at 2500 as a round number and psychological barrier.
If the GBPJPY stays in the current consolidation or stays below the 190 price level Look for weakness in the DXY to drag the USDJPY lower, which could present downside opportunity for the GBPJPY as it breaks the bullish trendline and the support level of 188
The EURGBP spiked up following GBPUSD weakness from the release of the CPI data. Currently trading along the 50% retracement level, look for the price to break above to trade up to the resistance level of 0.8625
If the NZDUSD continues to weaken (due to RBNZ surprise rate cut) and the AUDUSD holds/strengthens... Look for the AUDNZD to break above the 61.8% fib retracement level for further upside to the swing level at 1.1145
14th August DXY: CPI data pending (below 3%), break below 102.50 could trade down to 102 support level. NZDUSD: Buy 0.5990 SL 20 TP 90 AUDUSD: Buy 0.6660 SL 30 TP 60 GBPUSD: Buy 1.2875 SL 25 TP 60 EURUSD: Buy 1.1025 SL 30 TP 100 USDJPY: Sell 146.20 SL 40 TP 200 (needs to stay below 148) USDCHF: Sell 0.8625 SL 30 TP 60 USDCAD: Sell 1.3700 SL 20 TP 45 Gold:...
FX:XAUUSD is defending the psychological level and support zone at 2450 and testing key resistance at 2477 for a breakout, ahead of 2483. All eyes are on key US CPI inflation data Traders are still expecting a softer CPI report after a larger than expected decline in PPI data released yesterday. A softer CPI figure may confirm forecasts of an aggressive Fed...
Please, check our technical outlook for DXY. Time Frame: 3h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is testing a major horizontal structure 102.626. Taking into consideration the structure & trend analysis, I believe that the market will reach 102.996 level soon. P.S Overbought describes a period of...
Markets expect a 100 basis point Fed rate cut during the remaining meetings this year. A 100 basis point rate cut by the Fed would likely weaken the U.S. dollar. Lower interest rates reduce the yield on dollar-denominated assets, making them less attractive to investors. This could lead to a decrease in demand for the dollar, causing the Dollar Currency...
Hello,Traders! DXY is going down Again but the index Will soon hit a rising Support line from Where a local bullish Rebound is to be Expected Buy! Like, comment and subscribe to help us grow! Check out other forecasts below too!