The dollar has broken significant structure to the downside, leaving a clean, unmitigated daily supply zone with an imbalance that adds validity to this point of interest. Once price reaches this level, I'll likely refine the zone and wait for a CHOCH on the lower timeframe. If price moves down first, I’ll watch for it to enter the newly created 3-hour demand...
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...
Regarding my BTC/USD and EUR/USD trades, we’re keeping a close eye on the Dollar Index (DXY). The recent price action has been confusing, but we are currently rejecting last Friday’s heavy selling area. This keeps us within a bearish range, and we’re anticipating a potential market shift to the downside. If this bearish scenario unfolds, we plan to let our...
Gold is currently sitting at a very crucial point which'll determine its next big move. If price slows down now & sellers come in with an IMPULSIVE MOVE, we can be reassured that price will carry on down in the mid term. But, if buyers push price higher in the current zone, it's likely we will see $2,500+ in the coming weeks. Either way, those who followed this...
Take a look at our analysis for DXY. Time Frame: 2h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is trading around a solid horizontal structure 103.137. The above observations make me that the market will inevitably achieve 103.549 level. P.S Please, note that an oversold/overbought condition can last for a...
FX:XAUUSD is still trading inside the flat 2420 - 2370 forming a symmetrical triangle. Traders continue to struggle for the area of 2400. News ahead... I understand that you don't like it when there is no clear direction on the chart, but there are nuances here and in some cases you need to have both bullish and bearish scenarios. Let's break it down... On...
Yesterday, the deputy governor of the Bank of Japan said that "the market is unstable and there will be no interest rate hikes". This is a relatively "dovish" statement. In addition, the upcoming September interest rate cut conveys a good opportunity to enter the market. That is, the US dollar will still fall. Although the market is narrow today, the US dollar...
Pinpoint, 100% accuracy with our Gold analysis!😍 Price action has been following my arrow just as I indicated, pushed up 1,000+ PIPS from the bottom & now rejected off our supply zone as I said would happen. Down 240 PIPS in profit, after rejecting our supply zone. If you missed this move despite me updating you all live every few days, because you were scared of...
Here is my 4H view on Gold, showing my short-mid term bias; 1. Currently I am expecting a small push up into $2,420 - $2,430 so market can grab liquidity before dropping back down again. 2. Gold has bottomed here & will now make its next bull run towards the $2,500 zone, marking the formation of Wave Y & Wave 5. This'll then be followed by a corrective move down.
hello dear trader i think dxy can drop from ( flag limit + price reversal zone on fibou 0.5 and 0.618 ) i am ready for dxy = 100 stop loss need for any position good luck
The BoJ indicated that it was not ready to hike rates further if the market continues with volatility On release of the news, the Yen weakened, with the USDJPY rising to test the 148 price area look for a potential breakout to the 149.50 price level as further yen weakness is anticipated
The euro is deciding its next big move, while some upside could be likely if it breaks above the 1.0925 price level, it would be interesting if the EURUSD breaks below the 1.0890 price level This would complete the head and shoulder pattern, breaking the neckline which coincides with the 50% Fibonacci retracement level
Gold Is Currently In Uptrend, Driven By Middle East Tensions And Its Safe-Haven Status. Nevertheless, The Chart Suggests That Gold Is Poised For A Corrective Phase. A Rising Wedge Pattern Has Formed, And A Successful Breakout Could Trigger A Bearish Rally, Potentially Pushing Gold Prices Down To $2,280 In The Coming Days
7th August DXY: Expecting further upside (to retest 104), could bounce off bullish trendline, needs to stay above 102.90. Below that, 102 key support level NZDUSD: Sell 0.6030 SL 20 TP 55 AUDUSD: Look for reaction at trendline, if broken Sell 0.6520 SL 30 TP 80 GBPUSD: Sell 1.2665 SL 20 TP 40 (then watch for reaction at support level) EURUSD: Buy 1.0945 SL 20...
Here is our detailed technical review for DXY. Time Frame: 1D Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is approaching a key horizontal level 103.249. Considering the today's price action, probabilities will be high to see a movement to 101.633. P.S Please, note that an oversold/overbought condition can...
As The Employment Data This Month was Really Bad, and The Fed is Likely to Cut Interest Rates in September. its Looking Bearish for the Dollar,
During Monday's open, I said this is going to be a day for the history books. Volatility expanded nearly 200% on the day (over 300% in a 3 day period), the Nikkei 225 crashed over 12% in a single day and had the largest 2 day decline ever. It leaked into the US markets with a nasty bearish futures run and massive gaps lower. Fortunately Monday's trading didn't...
The GBP/USD 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...