Pair: EURJPY Timeframe: 4H Analysis: Round number level, trend line, volume profile , support and resistance, pennant pattern, ascending triangle ————— Key Takeaway: Seen price obey to this support trend line for a long time and we are starting to squeeze more and more against dynamic resistance, we are waiting for another bounce off resistance level before...
Pair: USDCHF Timeframe: 1D , 4H Analysis: Round number level, trend line, volume profile , support and resistance ————— Key Takeaway: Strong USD after news today, we have seen a fake break out of support and a bullish press upward, we are looking for a re-test of this level before looking for long entries ————— Level needed: need a close by 0.94000 ————— Trade:...
Pair: EURUSD Timeframe: 1D , 4H Analysis: Round number level, trend channel, volume profile, support and resistance ————— Key Takeaway: With a strong USD outcome after todays news events, EURUSD showed us resistance and bearish momentum when dynamcix resistance and top of trend channel was hit, we are looking for entries after the next daily candle...
As the global economy continues to recoil after the US Fed rate increase - watch for the USD/DXY to find support above 103.70 and flag sideways/higher over the next 15+ weeks. I suspect any continued Fed rate increases will put further pressure on global markets/currencies and drive foreign investment in USD assets throughout 2023. Yes, the US economy is...
It seems that the gold rally is over and should prepare for a major correction to the 1706 . Among the important reasons for falling: In this analysis, we see that a harmonic pattern (butterfly) has been formed, which is a strong bearish pattern and will cause a sharp drop in price. After the price met the important and sensitive resistance of 1808 to 1810...
Quick market update of weekend price action primarily focusing on BTC. The expectation is that bearish deviations are starting to show up on the 4hr a smaller retracement is expected. Still general bullishness in the market, however, we have outlined some levels to focus on primarily 17.1k and 17.45k Keep an eye on the DXY and expect some inverse correlation as usual
$JPY - What can we do? As mentioned in previous posts, data ISM will impact the market today. However, I am looking at key levels as long as we dont break the lows in the yen - this could be a little bit of a pull back trade we as traders could take advantage of. Don't forget to trade your own plan. Trade Journal
price was in a range above and I was expecting a sharp break down below which has already been made so now what do I want to see to start shorting DXY and some other USD pairs like USDCAD & USDCHF. I want to see a lower time frame correction to start taking some selling opportunities GET READY thanks for reading AS ALWAYS STAY...
IN this update we review the recent price action in the DXY futures contract and identify the next high probability trading opportunity and price objectives to target
$DXY - Pull back? We have ISM this later afternoon but technically looks like a pull back occurring! Trade Journal
Expecting S&P500 to make final bearish correction. This might coincide with dollar strength, and all round bearish trend on cryptos
Here is my latest structure analysis for Dollar Index. Support 1: 103.4 - 103.8 area Support 2: 101.3 - 101.7 area Resistance 1: 104.6 - 105.6 area Resistance 2: 106.8 - 107.2 area Resistance 3: 107.8 - 108.0 area The price broke a very important demand cluster last week, it turned into Resistance 1. Probabilities are high that the index will drop from that...
remember my last post on gold to fall back now let's still expect a correction limit now
During the NFP last week we saw decline of more than 100 pips but it was recovered very quickly. This gives a chance for further increase towards 1,0615, where we will watch how the price react. Before the entry it is recommended to see test and pullback from 1,0545. No grounds for sell around these levels. Upon reaching and crossing 1.0615, we will watch for...
DXYUSD daily guidance is bearish. Recommended ratio: 5% DXY, 95% Cash. *Cryptos and Commodities markets are signaling a bullish open to a week of mute economic data before CPI on 12/13 and the last FFR hike announcement of 2022 on 12/14. More volatility is to be expected with increased supply chain disruptions due to reduced exports from China weighing on Big...
We have been following Jerome Powell's neutral to dovish speech Jerome Powell didn't bring any new. Hawkish events to the table and did even had some discussion regarding rate slowdown turning gold bullish, even though we had some good labor market data at the end of the week with some optimistic PMI but that sentiment too got faded out very quickly as it just...
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This looks like a nice setup to the upside. We're seeing a weak dollar and expecting some bullish pressure after positive developments in China.