Just monitoring current correction phase on GU and also DXY. Think the Dollar still has some legs in it and will target the lows. Just keep monitoring order flow and go with the market. Good luck Traders!
As the eye can see, DXY is consolidating against all major currency pairs. Meaning its likely taking a slight breathing room before the major uptrend resumes. With the major CPI report due this week, all the eyes would be without a doubt on the numbers that would print. Anyhow there are two likely scenarios here that might take place and how it would affect the...
as you can see, my analysis is blank, pale, but it really paints a picture for future oportunists, use this as an opportunity to invest
Major bullish break-out for Gold, as the price finally closed above our expected Resistance level (4H MA200) that we have been talking about in the last two weeks, and even broke above the 1D MA50 and the Lower Highs trend-line that started all the way from the March 08 Market Top. Even though it is premature and only marginal, this 8-month Channel Down pattern,...
*This is not financial advice, so trade at your own risks* *My team digs deep and finds stocks that are expected to perform well based off multiple confluences* *Experienced traders understand the uphill battle in timing the market, so instead my team focuses mainly on risk management* Hello fellow traders and investors! My team isn't expecting oil/gas demand...
Hello guys, here's an update on DXY in 2 days timeframe. The US dollar index is currently holding long-term support ever since early 2022. In this span of 10 months, we have seen the DXY bounce back making a higher high. This allowed DXY to form a nice rising wedge pattern and now once again we come to the point where DXY will either bounce back or break down. I...
We continue to look after DXY. The dollar index is falling in a small wave C, the intermediate target of which is 107.20. A rise above 113 will change our view.
GOLD TRADING IDEA FOR 07 NOVEMBER** As there is no such major fundamental events today, we are expecting gold to stay range bounded, As gold failed to break above the key resistance zone 17680-1683, We will be looking to sell gold below 1675 Targeting 1665-1664. on buyers side we can expect some more upside pullback A break above 1681, will be a buy...
The US dollar experienced his worst day since 2016. The first, rumor of Covid's policy change in China, and the second, US employment statistics, caused heavy dollar loss. The first case was denied, and the second case, according to Mr. Powell and Federal Reserve, even if US employment is in trouble, they do not change their policies unless inflation returns to...
forming descending brodening wedgee incase of breakout expecting 350 to 400 pips bulish wave
The most important chart to monitor this week! DXY Is still in a intraday corrective trend however HTF bullish structure is very much still valid and I am expecting new highs soon. There is a strong area of confluence around the 109 handle, I will be monitoring closely for confirmations the market is ready to make the continuation to the upside and follow the HTF trend.✅
Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst. As per last week analysis (attached on the chart), we were expecting a weaker DXY as it was sitting around a strong resistance zone. DXY rejected our resistance zone and traded lower. Now DXY is trading lower and approaching our lower purple circle. That lower purple circle is...
EUR/USD resistance is 1.0009 and 1.0065. Support is 0.9946 and 0.9925.
The DXY has been showing strong weakness as the forex major non-US pairs moved significantly higher on Thursday and Friday. Continued DXY weakness seems to be the market vibe for now though that may change within the next 24 hours. Currently there are no high volatility economic events to take place today for Europe or for the United States, except for the ECB...
This path has aged pretty well - perfect touch of the top of the wedge and now headed towards the bottom. Sticking to the initial plan - this isn't a bearish breakout.
incase of upside breakout look for buying entries INCASE BREAKOUT TO THE DOWNSIDE LOOK FOR SELLING ENTRIES
gbpusd have rised at the limit of 1.1400 now let expect a drop downtrend at 1.1270 before making a short buy.
Trade Idea: Selling GBPUSD Reasoning: Filled the overnight gap, downtrend expected to continue. Entry Level: 1.1378 Take Profit Level: 1.1151 Stop Loss: 1.1425 Risk/Reward: 4.94:1 Disclaimer – Signal Centre. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in...