Is it time to buy the $EUR & Why? As we head closer to ECB - If they are Hawkish and expected to raise rates even further, expect EUR to turn further bullish. We are at a key resistance area, now remember it isn't just ECB we focus on when it comes to EUR. Take into consideration the FOMC - Source - WSJ: Federal Reserve officials are barrelling toward another...
The US dollar has collapsed as US inflation data has finally showed signs of cooling. Yields have weakened as investors are looking for any signs of a pivot in the Fed's hawkish stance. We have smashed through several support levels, and are currently finding support above 108.50. We should see some ranging start to kick in as the markets digest the news. This...
With multiple rejections at top and forming a falling channel, any break down will lead to 104. Today's CPI means pivot is soon to happen.
moving as expected breaking descending b wedge in daily if todays candle close above wedge then expecting 600+ bulish move in coming dasys
Hey Guys I think the first scenario is more likely. Today, the C.P.I news will be announced, which can make the market very excited I hope you can make good profit with psychic mastery 11/10/2022 DYOR
As you can see, the price took the second scenario and entered its 4-hour Bearish Order Block yesterday with a strong move towards the $1719 range, and this caused the price to reject from $1722 to $1702, That is, with this scenario, the price dropped by more than 200 pips, but it has not yet managed to consolidates below $1704, and according to the previous...
EUR/USD resistance is 0.9991 and 1.0081. Support is 0.9940 and 0.9862.
The USDJPY currency pair is currently located in its own one-year bullish channel and has continued to route itself with numerous touch of the middle line. The pair is currently in the price range of 146, which can move toward 150 by demand in this area.
A sharp drop in anticipation of the dollar According to the wave count of the monthly chart and the completion of wave 5 in an ascending channel and hitting the ceiling of the channel, we are likely to see a decline in the dollar index. Probably, in the next few days, the last upward movement will take place in the form of wave 5 of 5 or wave B, and after that a...
Although I feel DXY is moving just as planned with the redline a long time ago - timewise it has been realizing those movements pretty quickly. Therefore I leave the redline as a souvenir, but the purple line is my expectation of what might happen - retest of that ceiling and no more bottoms - just fight to cross that line and go for new highs.
Today is Tuesday, this could be low of DXY and high of EURUSD. Also DXY and EURUS making SMT right now
📣DXY: No high hopes this time for USD... Two possible scenarios for the US election. In both situations, I don't expect anything special. Once the market absorbs the news that one of them won the election, it will all come back to the beginning of the month on the FOMC and what they will do next. If the Democrats win the election, the market will support the...
AS we all know later today we have dxy cpi news we have nothing to do with fundamentals what we can is waiting patientaly todays closing dxy recently breaks descending b wedge in daily tf (where lots of traders opened there positions ) they were fomo traders in my dairy lets have a look deeply in technical factors 1) dxy recently breaks descending...
GOLD consolidated yesterday within the range with some dollar strength in play, we got some deeper pullback to 1721-1722 level , today also we will be stick with higher time frame bearish bias , and macro information advantage supporting dollar strength, Also today the CPI & jobless numbers will remain some key data shedule to release @ 7.00 PM IST will be...
The news coming up for EURUSD will determine the next move. Yesterday, we looked at the daily timeframe and the levels where price was trading then. Today, we expect that the market will confirm its move to the downside! Ideally, we want to see price pushing higher towards 1,0100 and then giving us an entry there by closing lower. We don't recommend...