GBP/USD reached a near-term low on November 10th at 1.1334. As the US Dollar continued to move lower, GBP/USD continued to move higher. The pair reached a high of 1.2034 on November 15th and pulled back in a pennant formation on the 240-minute timeframe. As price reached the apex of the pennant, it broke out to the topside on November 22nd. The next day,...
Dxy seems to be trending with the overall daily chart rather than the hourly chart which seems to in an upward reversal. We are likely to see markets continue till at least 105.00 for a bearish exhaustion or we may see market break below to create a support at 105.400 for an upward rally. Let's keep an eye on the marked out points to see how markets react to...
INTRO The FOMC meeting minutes report will bring volatility to the markets, especially EUR/USD. Investors are waiting for any signs of a slowdown in rate hikes. The yield on the 10-year U.S. Treasury note was at 3.7483%, compared with Tuesday's close of 3.758%. Fundamental Overview Durable Goods Requests returned a value of 1%, compared to an estimate of...
The DXY has broken its parabolic trend that it has been on for months now, forming a very clear Adam & Eve pattern. The measured move for this pattern indicates a highly likely break of the simple trend as well. (Yellow line) This could be very good for all asset classes for the short term. **This is my opinion, based on chart data. This is not financial advice.**
as you can see I expect another retest of the bear flag and sup/res. after this we will fall further to the big blue zone to break it
Flat price action for Gold exactly after it hit the top of the former 1,735 - 1,729.50 Resistance Zone, which is now being tested as Support. If it holds its ground today, then this consolidation will most likely be a bottom formation as 1D remains marginally bullish (RSI # 57.686, MACD # 20.930, ADX # 31.342) . Failure to break above the 4H MA50 (1,759.20),...
USD FUNDAMENTAL OUTLOOK: BULLISH BASELINE The Fed is on a data-dependent (meeting-by-meeting) policy stance, meaning incoming growth, inflation and jobs data remains a key driver for short-term USD volatility where we expect a cyclical reaction for both the USD and US10Y (good data expected to be supportive for the USD and US yields while bad data is...
XAUUSD analysis: Due to the formation of a downward trend, we can expect to move towards lower targets with a specified stop. . . price: 1764.00 sl: 1773.00 tp1: 1747.00 tp2: 1709.00 . 👤 Alireza hajighasem : @alirezahajighasem . . 📅 11/18/2022
Technical & Trade View US Dollar Index Futures Trade View Bias: Bullish Above Bearish below 108.50/70 Technicals Primary resistance is 108.50/70 watch for bearish reversal patterns here Primary pattern objective is 104.50 Acceptance below 106 next pattern confirmation Acceptance above 108.70 opens a test of 109.25 20 Day VWAP bearish , 5 Day VWAP bearish Options...
Good morning, lads! DXY forming cup & handle inside a falling wedge on the 4 h timeframe as can be obs in the chart. My bias is still bearish overall. Stay safe!
After breaking it's parabolic run when many analysts were calling for 118-120 as the top we now see a head and shoulders being formed must monitor over the coming weeks to see if it will come to fruition
EUR/USD resistance is 1.0346 and 1.0363. Support is 1.0281 and 1.0252.
Hey traders, in today's trading session we are monitoring DXY for a selling opportunity around 107.1 zone, once we will receive any bearish confirmation the trade will be executed. Trade safe, Joe.
Hello Traders, In this week's trading session we will be monitoring GBPNZD for a Buying opportunity in and around 1.915 OB zone. Once we get a bearish confirmation the trade will be executed and shared with our premium subscribers! - RISK DISCLOSURE TRADING IS NOT SUITABLE FOR EVERYONE. TRADING FOREX INVOLVES HIGH RISKS AND CAN CAUSE YOU A COMPLETE LOSS OF...
It's time to push up - handle formed and showing strong resistance - stocks at ceilings and exhausted.
Dollar Index reached a key supply area this week. Analyzing intraday time frames, I spotted a confirmed bearish breakout of a rising parallel channel on 4H. It may push the market lower. Goals: 106.45 / 106.1 ❤️If you have any questions, please, ask me in the comment section. Please, support my work with like, thank you!❤️
Since DXY is experiencing crashing days, a space has been created for pairs like NZDCAD to grow. I am happy that this movement is according to the chart and predictable :)