Greetings, Dear friends, I hope you are well and have a week full of successful and profitable transactions. My analytical view: DXY analysis is one of the most challenging markets out there in my opinion. If we just want to see the overall structure on the daily chart, there is a bearish impulse pattern, and wave A or 1 is formed in the larger degree of the...
Hey Traders, It look likes that Bitcoin has completed its first impulse up. Break of 8H 50 EMA means that the correction has started. Expecting this correction to be completed around our buy zone. LONG Setup: - Wait for subwave 2 to be formed. - Watch any rejection at the buy zone - Stoploss: Below recent lows - Targets: 73k,80k,90k, and 100k Good Luck...
Quick update on the DXY, as our last update on this was 2 months ago. The Dollar is moving really nice since I first posted it! Price is very close to our $108 (Wave 2) target. Using this DXY long analysis, you'd know to short the XXXUSD markets. We are still bullish on the Dollar for the time being. Will update you on its next move, when our $108 target is hit.
30th July DXY: Needs to stay above 104.50, could trade higher to retest resistance at 104.85, beyond resistance, next level at 105.20 NZDUSD: Sell 0.5920 SL 20 TP 45 AUDUSD: Sell 0.6565 SL 15 TP 45 (Hesitation at 0.6545) USDJPY: Look for price to find key level, reaction at 154 or 156 (BoJ news pending) More likely at 156 GBPUSD: Sell 1.2840 SL 25 TP 60...
FX:USDJPY breaks the 157.7 zone after a small consolidation. Powell's comments about more progressive deflation favor the market, the dollar is falling on this background and the end is not seen yet... Fundamentally, the weakening dollar and the ongoing interventions of the Central Bank of Japan have quite a strong impact on the exchange rate, but it is worth...
Hello,Traders! DXY made a bullish Breakout of the key Horizontal level of 104.500 Which is now a support So we are now bullish biased And after the retest of the New support we will Be expecting a further Move up Buy! Like, comment and subscribe to help us grow! Check out other forecasts below too!
Let's start the week off by updating our US30 analysis. Price is now up 7,600 PIPS (22.77% ROI) since I called it live last year😍 Close out partial profits if you haven't already. I'd say another month or 2 & we can close out this position completely in profit🦾
The USD/CHF pair on the M30 timeframe presents a Potential Buying Opportunity due to a recent breakout from a Triangle Pattern. This suggests a shift in momentum towards the upside and a higher likelihood of further advances in the coming hours. Possible Long Trade: Entry: Consider Entering A Long Position Above The Broken Trendline Of The Triangle After...
As for now still, for me DXY looks bearish - looking at price action. Price is still in the downtrend and I expect it to drop. That will of course depend on the Fundamentals in the upcoming week, but I trade what I see so until the high is broken, DXY seem to be losing it's value. That is important to know as I am for example still bullish on EU.
Pair : DXY Index Description : Break of Structure CHoCH Completed " 1234 " Impulsive Waves Resistance Level Consolidation Phase in Short Time Frame
29th July DXY: Consolidating between 104.20 and 104.40, if upper bound of 104.55 broken, could retest 104.80 NZDUSD: Look for reaction at 0.5865 support (buy/sell opportunity) AUDUSD: Sell 0.6540 SL 15 TP 45 (Hesitation at 0.6520) USDJPY: Sell 152.80 SL 30 TP 80 GBPUSD: Sell 1.2840 SL 25 TP 60 EURUSD: Sell 1.0840 SL 25 TP 65 USDCHF: Buy 0.8860 SL 20 TP...
In last week's analysis of the DXY, I noted that the index had reversed back above support, potentially indicating a false break. Additionally, the smaller time frame charts are showing an inverted head and shoulders pattern. This idea remains valid, though with some reservations, as the right shoulder is taking too long to complete. This extended formation...
DXY: The USD index last week maintained an accumulation status around the 104.10-104.50 range and has not broken out yet. It is likely that the market will need information from this week's FOMC to have clearer trends. In the short term, it is expected that today, DXY will continue to accumulate around this price range, so you can consider buying USD when DXY...
FX:XAUUSD is testing local channel support and forming a rebound from the liquidity zone. Traders are waiting for PCE data. Favorable inflation data may provide strong support for gold. Traders are waiting for the PCE, any hints of lower inflation may be viewed quite positively, which will generally increase the chance of interest rate cut in September. As we...
🔍 Technical analysis: Movement in the descending channel - Gold is moving in a descending channel in the 1H time frame. - It has had several reactions to the ceiling and floors, and now it has faced demand again by hitting the floor trigger. - It created an OB on the bottom of the channel, which reacted to it after coming into contact with the supply area. -...
In this video, we analyze the DXY Dollar Index. It's clear that the DXY has been exhibiting bearish momentum recently. However, it is currently range-bound, and we need to wait for the market to reveal its direction. My strategy involves monitoring the 15-minute chart for signs of a breakout. I am leaning bearish, but this will be confirmed later today as we...
First things first What is a Recession? A recession is a period when the economy isn't doing well. It means businesses are selling less, people are losing jobs or not getting raises, and overall, there's less money being spent. It's like a slowdown in the economy where things are not growing, and sometimes they shrink. This period of economic decline usually...
The USD/CAD 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 1.3813, positioned close to the breakout level....