I see USDJPY moving upward for the following reasons: 1- failed to make a new low, lower than the previous low @ 130.50 2- touched a Demand zone. 3- made a double Bottoms with Divergence @ RSI 4- Broken 2 weekly trend lines and a local small trend line. 5- got rejected from a 200 DMA. We must see a break in momentum through the Fib level 23.60 and 61.80 for that...
As you can see in the chart, the channel formed in the 6-month time frame can bring the index above 110 and strengthen the dollar against other currencies for a long time. The European energy crisis and the war in Ukraine can further strengthen the fall of the euro and other key currencies against the US dollar, and the breaking of this ascending channel for the...
The dollar index looks long to me. We have corrected to a strong level of 103-104, from which I expect reactions with minimal targets in the form of 109. The rhetoric of the Fed and the US government is restraining, their task now is to blow off the bubble and reduce the momentum, but do not forget that a lot of money is needed to fight China and support Ukraine...
One of the things I've realized in the years I've used this strategy is that price will 98%+ of the time respect my entry zones even though go in my speculated direction. When you see that happen it means that such zones are special and are also known to the market makers. Price has been consolidating at the supply zone I identified yesterday on DXY but it's not...
Bitcoin seems to be moving in an almost neutral channel (placed in a larger descending channel). The most important resistance range is 18100 to 18580 . If it succeeds in breaking this resistance, it will move towards the ceiling of the channel (21500) . It is possible that by touching this resistance, selling pressure will increase and move towards the bottom...
Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst. As per my last analysis, I mentioned that BTC would be overall bullish from a short-term perspective as long as we are trading inside the red rising channel. Now since the lower trendline and minor support in gray are broken, let's make a quick update. For the bears to remain...
DXY had a Great Support Line which Has Lost it lately. But it touched a Support level and Reacted to it Positively.So there is a Chance that it would Reach the Resistance Level (Shown on the chart) Once again. But if it fails to reach that level, there is still a Second Support Which The Price might react to. We shall wait and see what will happen but My money is...
Dear All, EURUSD will go down as per this wave counting. Please consider your risk management. Best For you Brando
Forming rising Wedge in H4 Timeframe Rsi also printing Bearish divergence Incase Of Downside Breakout expecting Bearish Impulse
Breaking Text Book falling Wedge in H4 Timeframe Incase Of Successful breakout expecting Another Bulish impulse
Hello Dear fellows , i hope you are doing great . i will look into it closely in todays session to add more position as this pair was my Week's setup you can see in my previous published idea for Week's setup. yesterday Closing was great for usdjpy as it gave more confidence to stick with Buy. I will keep updating here for Trade updates like volume adding , Stop...
US index is being controlled and it will not fall that easily. The price movements for the past 2022 looks to me like they were all happened by either greedy or panic trades. At this moment, 50bps rate hike should pump the US index up a bit in the coming weeks. Until around Q2-Q3 of 2023, this should be the time when USDX starts falling. This is only my opinion...
Breaking bulish flag in daily tf incase of successful breakout expecting 400 to 500 bulish wave
Breaking rising Wedge On h4 Timeframe Incase Of Successful Breakout Expecting Move Towards 1740
Forming Double In Ascending Broadenning WEdge Incase Of Breakout Expecting 250 to 300 Pips Bearish Move
US500 -2.8%, NAS100 -3.3% GER40 -3.3%, EUStoxx -3.5% VIX +2.3 vols at 23.45% DXY +0.8% AUDUSD -2.4% (the weakest link in G10 FX), GBPUSD -1.9% XAUUSD -1.6%, XAGUSD -3.5% The markets saw yesterday’s Fed meeting as hawkish, but there was enough in Powell’s press conference to keep us believing they will move to an even slower pace of hikes and risk was subsequently...
We have a bullish divergence and falling wedge on dxy which is bullish sign for now. In my opinion it's time to retest the broken support then we will see if we go into bear season or not. That's what we will see unless there's bad news (good for stocks)
GU managed to reverse after giving fake breakthrough of 50 on fib which is what made me change my bias from original sell to a buy. Now back to original bias of sell. High risk on this one as the false breakout put account down a little . If trade goes right i will make losses back plus some. Should be looking at sells for the next few months/all of next year if...