The XAU/USD pair on the H1 timeframe presents a potential selling opportunity due to a recent formation of well-defined Channel pattern. This suggests a shift in momentum towards the downside in the coming Hours. OANDA:XAUUSD Key Points: Sell Entry: Consider entering a short position around the current price of 2357, positioned close to the breakout level....
The GBP/USD pair on the M30 timeframe presents a potential selling opportunity due to a recent downward breakout from a well-defined 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 1.2755, positioned close to the breakout level. This...
✅DXY is trading along the rising support And as the index will soon retest it I am expecting the price to go up To retest the supply levels above at 105.080 LONG🚀 ✅Like and subscribe to never miss a new idea!✅
Week with little news, so what can we expect from the dollar? The structure it is creating is bullish in all respects, it is continuing to test important resistance, will it be able to break it? if so it will visit the highs of recent months, otherwise if it continues to be rejected we will certainly be able to see the dollar visit lower areas. I will monitor...
Take a look at our analysis for DXY. Time Frame: 1h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The price is testing a key support 105.062. Current market trend & oversold RSI makes me think that buyers will push the price. I will anticipate a bullish movement at least to 105.260 level. P.S The term oversold refers to...
The U.S. Dollar Index (DXY) is showing signs of a potential bullish rebound as it approaches a critical ascending support line. Currently trading around 104.957, the index has maintained this uptrend since early 2024, suggesting strong underlying support. Technical Analysis: Support Line: The green ascending trendline has been a key support for the DXY,...
5th July (NFP day) DXY: Consolidating on 105 support, If NFP is weaker, could trade down to 104.65. Stronger NFP, DXY needs to break 105.40 before considered bullish NZDUSD: Buy 0.6150 SL 20 TP 60 (DXY weakness) AUDUSD: Sell 0.67 SL 20 TP 75 (DXY strength) USDJPY: Buy 161.15 SL 30 TP 80 (DXY strength) GBPUSD: Sell 1.2790 SL 20 TP 55 (DXY strength) EURUSD:...
DXY has broken its bullish trend and will most likely post a LL and retrace from this point to make a LH. Today's NFP can help DXY in retracing a little.
Hello traders ,what do you think about EURUSD ?Today, the Euro opened with a positive gap. It is expected to start its upward trend after the pullback to the specified level and filling the gap If this post was useful to you, do not forget to like and comment.❤️
DXY: USD index today is maintaining below 105.20. After consecutive drops beyond the support level, the USD is in a continuing downtrend Investors should pay attention to protect profits with BUY positionsShows that selling pressure on USD is increasing and in the current context, information about the US is getting worse, causing the USD to weaken. Regarding...
Hey Traders, in today's trading session we are monitoring XAUUSD for a buying opportunity around 2,330 zone, Gold is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 2,330 support and resistance area. We would also like to consider the negative correlation between DXY and Gold. DXY now is feeling bearish and in a...
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 2326, positioned close to the breakout level. This...
If we analyze the current dynamics of TVC:DXY , there is a probability that in the third quarter of 2024 the index will come out of accumulation and reach the levels of 109.535 and 113.148. Note that the growth of TVC:DXY is usually accompanied by a correction in the financial markets.
FX:XAUUSD strengthens on the back of Powell's comments. Light positive notes lead to DXY sell-off and a small rally of XAU to 2364. Today is a day off in the US and tomorrow is NFP..... It's a day off in the US and there is no liquidity. There may be high volatility during trading, but the movements may be weak. Locally, the price is testing resistance and...
4th July (Independence Day) DXY: Likely to consolidate between 105.15 and 105.45. Below 105, could trade down to 104.60. Break 105.45 could trade up to 105.90 (More likely scenario) NZDUSD: Sell 0.61 SL 20 TP 45 (DXY strength) AUDUSD: Sell 0.67 SL 30 TP 75 USDJPY: Range between 161.10 and 162 GBPUSD: Straddle: Buy 1.2780 SL 20 TP 80 or Sell 1.2725 SL 20 TP...
Borrow Yen buy Dollars!!! :) BOJ will do what they do Probably beneficial to Japanese stocks as their companies are obviously big exporters think Honda , Toyota... Beautiful Inverse Head and shoulders in progress Big Charts ---> Big Patterns ---> Big moves
Today we are monitoring AUDJPY for a sell opportunity, our entry is at current market price 108.200 and stops above 108.400. Target1 is 107.730, target 2 is 107.552 target 3 is 107.377 and final target is lows of 107.00 Use proper risk management.