The U.S. Dollar Index (DXY) has been trading within a Channel Down pattern since the May 01 High, which is a technical Bearish Leg inside the long-term Channel Up structure. The price is already very close to the bottom of the Channel Down and with the previous Bearish Leg completing a -2.36% decline, we believe this is the right time to buy again on the...
17th July DXY: Look for price to retest 104 round number support and look at reaction. If price break 104 could trade down to 103.50 NZDUSD: Sell 0.61 SL 20 TP 50 AUDUSD: Sell 0.6710 SL 30 TP 70 USDJPY: Sell 157.10 SL 40 TP 120 GBPUSD: Buy 1.3010 SL 20 TP 80 (Hesitation at 1.3040) EURUSD: Buy 1.0925 SL 20 TP 55 USDCHF: Sell 0.8890 SL 25 TP 55 USDCAD: Sell...
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...
DXY H4 Again, nothing too significant to report at the moment, whilst we are hugging 104.00 we remain bullish bias, it's as simple as that. DXY correlates primarily and fundamentally with FX rather than XAUUSD commodities. But we can still use for comparisons and indications. Hopefully this 104 level holds as anticipated support to warrant GBPUSD rejections as...
FX:XAUUSD continues to strengthen as the fundamental background improves. A rate cut is coming, as hinted by Powell, the dollar is poised to decline against this backdrop.... According to Powell, the Fed has "more evidence and confidence" that inflation is cooling, so they may cut rates before inflation reaches the 2% target. Traders generally believe in the...
FX:GBPUSD shows bullish outlook ahead of strong news publication. GBPUSD continues to strengthen on the overall fundamental backdrop. The market is reacting weakly to the resistance area as, against the backdrop of a relatively weak dollar buyers are taking initiative towards GBP. Strong news ahead. Powell speaks again today, tomorrow the UK GDP is published,...
Macro theme: - The highlight of the past week was inflation data. US Jun headline CPI slowed to 3% YoY (vs. 3.1% expected, 3.3% previous), and core CPI was 3.3% YoY (vs. 3.4% expected and previous). - The core service component has been declining, and rental prices may continue to fall due to delayed contract renewals. With this inflation trend, markets expect...
The XAU/USD 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...
Technical Analysis Overview of DXY (U.S. Dollar Index) on 4-Hour Time Frame: Crucial Structure Point: The DXY is currently at a significant structural level, which could determine its next major move. Key Levels: Weekly LQZ: 108.007 Daily LQZ: 106.524 Daily LQZ: 101.908 Missed LQZ: 100.552 Current Price Action: The price is hovering around 104.283, a critical...
✨Welcome to my channel. Here, we conduct a daily analysis of crypto projects and forex pairs. 📅 Today's Analysis : Today, we'll be diving into the Forex market and analyzing the DXY index. 🔄 Previous Analysis Recap : In our last analysis, we reviewed this index in the weekly and monthly timeframes, incorporating fundamental analysis based on US interest rates...
1. Looking For Buys from 4H FVG 2. Will Look for Sells from Daily FVG
The EUR/USD pair on the M30 timeframe presents a potential selling opportunity due to a recent downward breakout from a well-defined Rising Wedge 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 1.0895, positioned close to the breakout...
We talked about the Canadian dollar currency a previous time, and it achieved two goals, it seems, but we expect it to correct and then continue rising.
DXY faced strong bearish momentum after CPI data. In the last few days TVC:DXY made a minor correction but the sentiment around USD is still bearish. We believe DXY continue its downward momentum until it reaches the 13.8 area. This area has a lot of liquidity, so maybe push the price to a little correction. Our technical view has been shown in the chart. If...
16th July DXY: Look for price to retest 104 round number support. Look for reaction at support. If BAD retail sales, price could break 104 to trade down to 103.50 NZDUSD: Look for reaction at support Buy 0.6065 SL 20 TP 55 OR Sell 0.6040 SL 20 TP 55 AUDUSD: Buy 0.6750 SL 25 TP 50 USDJPY: Sell 157 SL 50 TP 120 GBPUSD: Buy 1.30 SL 20 TP 90 EURUSD: Buy 1.0925...
Expect continued #DXY weakness and corresponding risk on moves across the board The Pound is a good example that has already triggered a Bullish upside move. Yet still has decent room to move on up. #GOLD #BTC #STOCKS can continue ripping with the tailwinds of #Dollar softness.
Simple trading - Consolidation Let's take advantage of a potential Weekly swing! Below is the weekly chart showing a potential zone for the price to bounce back and forth between the monthly highs and lows. EURUSD has already poked above the previous week's high. wait for the price to pull back and test the PWH and we can sell confidently with strong bearish...
Gold has been bullish for the month of July, price action is observed. Trading is reactive and not predictable, use proper risk management and Happy trading. OANDA:XAUUSD FOREXCOM:XAUUSD EIGHTCAP:XAUUSD