The Dollar Index (DXY) has experienced two significant bullish legs followed by pullbacks. Currently, it is at the end of the most recent pullback. Notably, the falling momentum appears to be weakening, as evidenced by the shorter and less intense downward legs during the pullback phases. This weakening momentum suggests that the bearish pressure may be subsiding,...
💰 Welcome to Your Channel! Welcome to our channel where we delve into the intricacies of financial markets. Today, we focus on DXY , dissecting its current price action to uncover strategic trading opportunities. Join us as we analyze key levels and market dynamics, aiming to refine our trading strategies and maximize potential gains. 📊 Using DXY as an...
Hey traders, EURUSD is offering us a nice opportunity to get in and ride the move down. SHORT Setup: Watch Sell Zone for entry Stoploss: Above 1.07466 Targets: 1.062 ( 100 pips ) and 1.058 ( 150 pips ) Good Luck and Trade Safe!
Hey Traders, By looking at the higher timeframe for EURUSD, we can observe that EURUSD is preparing for a big move to the upside. We are currently in a zigzag ABC pattern. This kind of pattern is made up of 3 waves. Wave A = 5 waves, Wave B = 3 waves, and Wave C = 5 waves. We are now in wave C = 5 waves. Once we complete wave C, we can prepare for the big...
28th June DXY: bullish, wait for retracement to complete (should stay above 105.90), look for bounce and breakout of 106.12 to climb to 106.40 NZDUSD: Sell 0.6070 SL 20 TP 60 AUDUSD: Do nothing, wait for reaction at key levels USDJPY: Could still head higher, but exhausted for now, look out for possible intervention GBPUSD: Buy 1.2705 SL 25 TP 60 (Counter...
Expecting continuous weakness as price has broke its ascending trendline. Price is now retracing back to Fibonacci levels where our sell zone is marked. SHORT Setup: - Watch for a rejection at sell zone for entry - Stoploss: Above the high after entry - Targets: 1.2539 - 1.24200 Good Luck and trade Safe!
I see a nice bullish pattern on an hourly time frame on Dollar Index. After the price set a new higher high, the market started a correctional movement within the expanding channel. Such a channel is called a bullish flag pattern. Bullish breakout of the resistance of the flag is a strong bullish trend-following signal that indicates the strength of the...
The EUR/USD pair on the M30 timeframe presents a potential selling opportunity due to 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 1.0700, positioned close to the breakout level. This offers an entry...
DXY: The USD index yesterday received both good and bad news. Therefore, we see that the USD largely maintains a state of accumulation and adjustment. On the Daily frame, a fairly positive candlestick is formed around the 105.70 threshold. However, in today's session, DXY is at risk of a deeper correction to around the 105.50 - 106.00 area and maintains its...
The AUD/USD FX:AUDUSD pair on the H1 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 0.6644, positioned close to the breakout...
FX:XAUUSD after falling to 2293 is forming a correction before the news as traders are shrugging off fear of unpredictability. Important news ahead that determines the medium term strategy Traders are waiting for US GDP and PCE inflation data. Bullish data against the dollar could hurt the price of gold quite a bit, which could head towards 2220 and get a...
Today we are monitoring GOLD for a BUY set up. Asia has been accumulating orders, the ideal scenario is a drop from current price of 2301 to sweep liquidity this means we will see a possible level of 2287.10. This should be the lowest price we are expecting before we retrace back up to 2334.77 We have final stop loss at 2277.190
The GBP/USD 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 1.2675, positioned close to the breakout level....
TVC:DXY Will the US Dollar finally die from this ending diagonal at heavy resistance...?
27th June DXY: testing the support level (105.90) needs to stay above 105.75. Look for bounce to 106.40 (needs to break previous high) NZDUSD: Sell 0.6065 SL 25 TP 80 AUDUSD: Test and reject 0.67, Sell 0.6695 SL 20 TP 60 USDJPY: Buy 161.10 SL 30 TP 90 (look to close quick!!!) Becareful, possible intervention area GBPUSD: Sell 1.2590 SL 20 TP 75 EURUSD: Sell...
Sometimes, it’s not worth overcomplicating things. While the (negative) correlation between real yields and gold has deteriorated in recent months, after-inflation interest rates remain one of the biggest factors driving the performance of the yellow metal. With the benchmark US 10yr Treasury yield carving out a potential near-term bottom last week and rising to...
Dollar Index set a new local higher high higher close on a daily time frame yesterday, violating a key daily horizontal resistance. With a high probability, the broken structure and a rising trend line compose a demand zone now. The market will most likely keep growing. Next resistance - 106.3 ❤️Please, support my work with like, thank you!❤️
FX:XAUUSD is updating the low. The breakdown of the structure confirms the dominant bearish potential. But, the price is moving reluctantly in anticipation of the news. There could be a retest of resistance (trap) before falling. The dollar is strongly bullish. The US market situation is difficult and regulators have hinted more often about rate hike,...