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 105.639. Taking into consideration the structure & trend analysis, I believe that the market will reach 104.835 level soon. P.S The term oversold refers to a...
DXY: The USD index yesterday fell sharply, penetrating the support zone and creating a head and shoulders pattern that can be clearly observed in the H1 frame in the context of negative information focusing on the US yesterday. And the FOMC meeting somewhat supported the USD's adjustment, but not significantly. Regarding technical factors this morning, DXY tested...
The GBP/USD pair on the H1 timeframe presents a potential Buying opportunity due to a recent downward breakout from a well-defined Wedge 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 1.2660, positioned close to the breakout level. This...
Bloomberg reports that dozens of U.S. House Democratic lawmakers are considering sending President Biden a letter urging him to withdraw from the race. The New York Times confirms this, citing a key Biden ally who reveals that the president understands the fragility of his candidacy following a lackluster debate performance last week. Despite the speculation,...
I currently see a very strong dollar, but is this a classic fueled movement or does it have some foundation? According to my idea we could see a decline very soon. It could be followed by a rise before taking action, which is why I leave you two possible setups on the dollar. Always use your head, this is not a copy and paste but reasoning to do together.
our yesterdays analysis on xauuad was perfect and all our signals hit take profit. today the market is going to have various news and these news are going to put market in volatility. ▶️Long positions above 2319.00 with targets at 2337.00, 2348 2355 2362 2376 2385 ▶️Below 2319.00 look for further downside with 2311.00 , 2306 2296 2288 2282 Supports and...
3rd July DXY: Needs to break 105.70 (61.8% retracement), to trade lower to 105.40 and bullish trendline. Below 105.40 could trade down to 105.15 support NZDUSD: Buy 0.6110 SL 20 TP 45 AUDUSD: Could trade higher, look for reaction at 0.67 resistance level USDJPY: Buy 162.20 SL 30 TP 80 GBPUSD: Look for reaction at 1.2740 (UK elections on 4th July) EURUSD:...
Hey guys, In this video I will show you my process for performing analysis. Yes, it takes some work, but generally once you get into the swing of it, it doesn't take long, and the higher timeframes only require analysis once in awhile. It allows me to have a higher win-rate and be more on side with how the market is predisposed to move. Whilst it is not required...
Bitcoin (BTC), the world's leading cryptocurrency, has surprised many by demonstrating resilience in the face of a strengthening US dollar. Despite a historically observed inverse relationship between the US Dollar Index (DXY) and Bitcoin, this comes. The DXY, which measures the value of the US dollar against a basket of foreign currencies, currently sits at a...
It’s going to be a busy month for the Chair of the Fed (Jerome Powell), who delivers a speech today and then will testify later this month in front of Congress to provide updates on monetary policy decisions. Will we gain clarity on the timing of potential rate cuts this year, and if they are even being considered? Crypto in June - How BTC responds June saw...
FX:XAUUSD GOLD is still consolidating within the local range of 2340 - 2320, which is formed after breaking a strong trend line support. The dollar index is still heading northward Gold is still unable to break downside resistance, as well as forming price consolidation below previously broken support. The key risk zone on which the bulls put so much is...
Gold is still on a sell trend, stay patient when trading Gold the Higher Time-Frame is bearish. Price Action is observed, use proper risk management and Happy Trading. OANDA:XAUUSD FOREXCOM:XAUUSD PEPPERSTONE:XAUUSD CAPITALCOM:DXY
2nd July DXY: Continue trading higher, needs to break 106.15 (previous swing high) to retest resistance of 106.45 NZDUSD: Sell 0.6035 SL 30 TP 100 (hesitation at 0.5980) AUDUSD: Sell 0.6615 SL 15 TP 40 USDJPY: Buy 162.20 SL 30 TP 80 GBPUSD: Look for reaction at 1.26, Sell 1.2585 SL 30 TP 70 (UK elections on 4th July) EURUSD: Sell 1.0715 SL 20 TP 40 ...
The EUR/USD pair on the M30 timeframe presents a potential selling opportunity due to a recent downward breakout from a well-defined Bearish 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 1.0732, positioned close to the breakout...
OANDA:NZDUSD is consolidating after breaking the uptrend support. There are no signs on the chart for possible growth, only if the fundamental environment does not change drastically... Technically, a bearish situation is forming on the senior timeframe within the 0.6219 - 0.6084 range. Traders do not believe that the dollar will start to fall and are forming...
FX:GBPUSD on Friday updates the local low and confirms the bearish nature of the market. Since the opening session traders have been trying to buy back some of the decline and are heading towards the liquidity zone, from which bears may intensify selling Traders increased selling in GBP to a 16-month high amid expectations that the Central Bank of England will...
Analysis of the dollar index Time frames of 4 hours and 1 hour The dollar index can move according to the specified path and its target is 106.600.
AH DXY you say and speak bullish to me all day long and the market is beautifully reacting to your strength I look forward to the next 6 months being bullish for you DXY. You're currently testing what I like to call a decision-making ZONE one that will determine many many factors for us traders in the market. Are we going up or down? Fellow traders let me know...