The GBP/USD pair on the M30 timeframe presents a potential selling opportunity due to a recent downward breakout from a well-defined Bearish Flag pattern. This suggests a shift in momentum towards the downside in the coming Hours. FX:GBPUSD Key Points: Sell Entry: Consider entering a short position around the current price of 1.2916, positioned close to the...
Hey traders, EURAUD has been moving correctively for almost one year. According to Elliot Waves, the type of correction that has made is an irregular flat correction that consists of 3 waves: Wave A= 3 waves Wave B =3 waves Wave C = 5 waves Wave C is an ending diagonal = Reversal will happen. In addition to that, we are seeing nice divergence which...
25th July DXY: Consolidating between 104.20 and 104.40, Break 104.40 could retest 104.60 and 104.80 (GDP Pending). If 104.20 broken, price could retest 104 round number support. NZDUSD: Sell 0.5905 SL 20 TP 40 AUDUSD: Sell 0.6530 SL 20 TP 65 USDJPY: WATCH 152 SUPPORT LEVEL Sell 151.70 SL 30 TP 90 GBPUSD: Sell 1.2850 SL 25 TP 70 EURUSD: Buy 1.0855 SL 20 TP...
possible recovery for us dollar. possible target : 108+ good luck.
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 testing a major horizontal structure 104.203. Taking into consideration the structure & trend analysis, I believe that the market will reach 102.622 level soon. P.S Overbought describes a period...
FX:XAUUSD reacts perfectly to the 2390-2400 area, forming a false breakdown with subsequent growth to 2420, but I am now confused by the extremely low volatility.... The calm before the storm.... Gold is bullish on D1, while the dollar index is showing signs that the price may continue its decline in the medium term. Today at 13:45 GMT it is worth paying...
FX:EURUSD on D1 is trading in a strong and neutral sideways movement. SMAs just lay on the horizontal plane, but on H4-H1 a change of market character is forming on the background of growth of the dollar index Overall, the global neutral trend allows trading without much emphasis on the trend as there is none. The price is moving between the range boundaries,...
Remember our US30 analysis which I posted this time last year? Well let's see how our long term, swing investment is performing 1 year down the line! Market is now up 6,760 PIPS (20.30% ROI) from our POI😍 I would recommend closing out 70% of your profits here & letting the remainder of your positions run risk free! Depending on how the weekly candle closes, we...
#dxy #dollarindex has formed inverted shoulder head pattern in lower time frame. A hard bounce here will likely damage markets such as #spx #ndx #silver #crypto etc. Better to be cautious. Losing 104 is the invalidation of this minor movement scenario.
Hey Traders, in today's trading session we are monitoring NAS100 for a buying opportunity around 19500 zone, NASDAQ is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 19500 support and resistance area. Trade safe, Joe.
24th July DXY: Currently consolidating, needs to stay above 104.20, for further upside potential to retest 104.80 resistance NZDUSD: Sell 0.5945 SL 20 TP 75 AUDUSD: Sell 0.6570 SL 20 TP 70 (Hesitation at 0.6540) USDJPY: Sell 154.45 SL 30 TP 65 GBPUSD: Sell 1.2850 SL 25 TP 70 EURUSD: Sell 1.08 SL 20 TP 45 USDCHF: Buy 0.8930 SL 20 TP 40 USDCAD: Buy 1.3810...
In todays session we are monitoring EURUSD for a selling opportunity. Our first entry is 1.09328 second reentry at 1.09564. Stop is above 1.09720. First target is 1.08800 and second target is 1.08428. Use proper risk management.
This week’s gold markup is looking very similar to EUR/USD. We have trendline liquidity sitting under the current lows. We have taken some obvious liquidity, so this could be an early sign that price action may be shifting bearish for a longer-term move. Bear in mind, we have taken all-time highs on gold, as we have across the higher timeframes, meaning that our...
Please, check our technical outlook for DXY. Time Frame: 12h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is trading around a solid horizontal structure 104.330. The above observations make me that the market will inevitably achieve 104.818 level. P.S We determine oversold/overbought condition with RSI...
23rd July DXY: Ranging between 104.20 and 104.40, if price breaks 104.50, Inverted Head and Shoulder, could retest 104.80 NZDUSD: Sell 0.5970 SL 20 TP 50 AUDUSD: Sell 0.6615 SL 15 TP 35 USDJPY: Sell 156.10 SL 30 TP 60 GBPUSD: Bearish Flag: Sell 1.2890 SL 25 TP 110 (Hesitation at 1.2860) EURUSD: Sell 1.0865 SL 20 TP 55 USDCHF: Buy 0.8925 SL 25 TP 75...
US Dollar declines eleven of the beyond 14 days- breaks multi-month uptrend / lows USD technical guide hurdle now in view- chance for rate inflection withinside the days in advance Resistance 104.08, ~104.40, 104.90s (key)- Support 103.49/60, 102.74/99 (key), 102.35 The US Dollar Index has plunged for eleven of the beyond 14 days (nowadays could entire 12) with a...
The EUR/USD pair on the Daily 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 upcoming Days. Possible Long Trade: Entry: Consider Entering A Long Position Above The Broken Trendline Of The Triangle After...
Hello traders, I’d like to share my opinion on the DXY (U.S. Dollar Index) based on daily and 4-hour analyses. From a fundamental perspective, the dollar may strengthen; however, the upcoming U.S. presidential election could introduce instability. It's essential to exercise caution during this period. Monitor price action closely and consider potential...