13th August DXY: Likely to consolidate above 103, needs to stay below 103.50 NZDUSD: Sell 0.6030 SL 25 TP 55 (RBNZ decision pending) AUDUSD: Buy 0.6615 SL 30 TP 65 GBPUSD: Buy 1.2815 SL 20 TP 40 (needs to complete retracement first) EURUSD: Buy 1.0950 SL 25 TP 50 USDJPY: Sell 146.20 SL 40 TP 200 USDCHF: Sell 0.8640 SL 30 TP 70 USDCAD: Sell 1.3715 SL 25...
FX:XAUUSD has been breaking through the key resistance 2431 since the opening of the session and is holding towards the liquidity zone 2458. Ahead of PPI, which may set a short-term tone in the market. Gold continues to form a bullish trend, the general premise is that the price is going to test ATH. Ahead of PPI and it is worth paying attention to the...
The AUD/USD pair on the M30 timeframe presents a potential selling opportunity due to a recent downward breakout from a well-defined Channel pattern. This suggests a shift in momentum towards the downside in the coming Hours. Key Points: Sell Entry: Consider entering a short position around the current price of 0.6584, positioned close to the breakout level....
I am still bullish on the Dollar even though price action is very slow right now & just ranging. But I see a buying accumulation phase playing out. Mid term bullish towards $108 & once that target is hit, we will be able to say more clearly weather it'll then reverse or carry on bullish in the long term. It's likely we'll see Gold & the Dollar move in positive...
Very likely that Gold will take out our current sell position from $2,473 & climb higher towards our 'Scenario 2' shorting zone. But either way we are still in sells & running in nice profits, the same way you all should be as well. Make sure to have your SL in deep profits, so you can secure profits, if our SL is hit🤙🏽
12th August DXY: Likely to consolidate above 103, if broken, could retest 102 support level. NZDUSD: Sell 0.5960 SL 25 TP 65 AUDUSD: Buy 0.6610 SL 40 TP 70 GBPUSD: Buy 1.2790 SL 30 TP 65 EURUSD: Buy 1.0950 SL 25 TP 50 USDJPY: Sell 145 SL 70 TP 300 USDCHF: Look for reaction at resistance of 0.8750 USDCAD: Sell 1.3710 SL 20 TP 55 Gold: Broke above 2434...
Take a look at our analysis for DXY. Time Frame: 1D Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is approaching a significant resistance area 102.772. Due to the fact that we see a positive bearish reaction from the underlined area, I strongly believe that sellers will manage to push the price all the way...
FX:XAUUSD is working out the range support and realizing the potential of the pattern "symmetrical triangle" in a bullish direction. On H1-H4 the market is in a sideways range, locally we are dealing with a bullish trend. There is no news today. Technically, a bullish market is developing. Global trend is upward, local trend is neutral with bullish...
4H Bearish impulse / new LL: indication. Head & Shoulders pattern: confirmation. Corrective approach towards entry zone. -68 Fibonacci completion aligning with entry zone. Instant market execution Sell. 1% risk.
**DIYWallST Weekly Recap & Market Forecast** --- Hello Investors! 🌟 This week began with a flash of panic reminiscent of 1987’s Black Monday, but by week’s end, markets had regained some stability. Let’s explore the key events that shaped this volatile week in the markets. 📈 **Market Overview:** Trading opened with a sense of deja vu as investors confronted...
The XAU/USD pair on the M30 timeframe presents a potential Buying opportunity due to a recent downward breakout from a well-defined 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 2394, positioned close to the breakout level. This...
I am still bullish on Gold and I can see a potential Head & Shoulder pattern playing out on the 1HR TF. If it drops back below $2,400 and breaks downside structure, wait for a retest and target the $2,300 zone.
Following up on gold this week, we have an area of demand relatively close to the current price action, near where it ended last week. We believe this area could be tested, and if so, we’ll look for either a decisive push back up or a failure. We are strongly bullish on gold and believe it is likely to run higher, aligning with the institutional liquidity moving...
This week in EUR/USD, we have liquidity placed above our highs in a bullish range. Last week, we played bearish within price action, ultimately putting in these highs to form liquidity. Based on this, we could run the liquidity coming into this week, or we may drop further into the range. We have met the 50% level of the range, so there is sufficient liquidity...
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Hey Traders, in tomorrow's trading session we are monitoring DXY for a buying opportunity around 102.900, DXY is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 102.900 support and resistance area. I highly recommend taking a look at DXY at the beginning of every trading week if not everyday, that will help you...
Here’s a detailed structure on how gold has performed in previous weeks
Here I use USDJPY to illustrate how I would perform a top-down analysis in order to visualize the PD Array Matrix, and thus frame possible trades. I have 2 perspectives. From a candle science approach, and a price action approach. Ideally, I do not want to go lower than a 4h timeframe for my candle science perspective. I hope the video is insightful. - R2F