Welcome to our daily DXY prediction! We made our analysis today using SMC and ICT trading theories, which, combined with our trading experience all point to the upside. So we are locally bullish biased and the target for the long trade is 101.957 Wish you good luck in trading to you all!
By analyzing the GBP/USD chart on the 4-hour timeframe, we can see that the price has reached a demand zone and has also created a Fair Value Gap (FVG) near its current level, which I expect to be filled in the short term. After that, I anticipate further decline in GBP/USD. The potential targets for this drop are 1.31060, 1.30870, and 1.30330. Please support me...
In todays session we are monitoring Gold for buy positions. Our first entry is at 2493.93 and second entry if price goes lower to 2476.46, our target is 2511.990 and stops are below 2467.488. Use proper risk management.
10th September DXY: Consolidate along 101.60, could push higher to test 102 round number resistance. NZDUSD: Sell 0.6125 SL 20 TP 40 AUDUSD: Sell 0.6645 SL 30 TP 60 GBPUSD: Buy 1.3140 SL 20 TP 60 EURUSD: Looking for a retest of 1.10 support level USDJPY: Buy 144.25 SL 30 TP 90 USDCHF: Buy 0.8510 SL 20 TP 50 USDCAD: Sell 1.3545 SL 20 TP 60 Gold: Break...
Gold overextended to the top more than I expected as part of Wave I. This was followed by a huge dump back down during NFP towards our supply zone. I am still bullish on Gold from this zone, but I am very wary & will be careful as price action has been very volatile the past few trading days.
Here is our detailed technical review for DXY. Time Frame: 9h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The price is testing a key resistance 101.521. Taking into consideration the current market trend & overbought RSI, chances will be high to see a bearish movement to the downside at least to 100.405...
Welcome to our daily DXY prediction! We made our analysis today using SMC and ICT trading theories, which, combined with our trading experience all point to the downside. So we are locally bearish biased and the target for the short trade is 101.396 Wish you good luck in trading to you all!
DXY is around 101.17, potentially about to retest previous support as resistance around 101.2… Reclaiming this zone and closing above 101.5 could be short term bullish. A continuation of bullish momentum could lead to a retest of 102.4 around 18 Sep, tying in with Fed’s rates decision.
The market dropped back to the strong support zone (100.742) on Friday, then immediately bounced back up. The price is heading back to the minor resistance zone (101.842) before we may see another rejection and a potential retracement down. However, if the level is broken, the price may likely reach the 102.420 key zone area before we see another pullback....
Pair : DXY INDEX Description : Completed " 12345 " Impulsive Waves Break of Structure CHoCH RSI - Divergence Consolidation Phase
9th September DXY: Currently at 101.50, just below bearish trendline. If trendline broken and above 101.60, could trade up to resistance of 102 NZDUSD: Sell 0.6125 SL 20 TP 40 AUDUSD: Sell 0.6650 SL 20 TP 60 GBPUSD: Watch for break of 1.31 and reaction at support level of 1.3045 EURUSD: Sell 1.1035 SL 15 TP 45 USDJPY: Sell 143.30 SL 50 TP 120 USDCHF:...
Working off the rise in the dollar index DXY Last week I expected the dollar index to rise to the area of 102 and higher. We made a pullback on it, but the depth of the correction was bigger than initially expected, but it did not affect the result. Now they are making a rebound to 102, but then might correction around 102.30. On Thursday we will know the US...
The XAU/USD pair on the H4 timeframe presents a potential selling opportunity due to a Formation of well-defined Channel pattern. This suggests a shift in momentum towards the downside in the coming Days. Key Points: Sell Entry: Consider entering a short position around the current price of 2500, positioned close to the breakout level. This offers an entry...
Hello Investors! 🌟 September started with a sharp decline as investors pruned risk assets from their portfolios amid concerns over US economic data and rising worries about growth. Let’s break down the key events that influenced the markets this week. 📉 Market Overview: The week opened with a broad sell-off across equities, commodities, and crypto, as US...
In my Friday analysis, I mentioned that if the DXY drops below the support zone, defined by the recent low and the year's starting price, we could expect further downside. Initially, following the release of the NFP data, the price did decline, but it quickly reversed after reaching the support level, forming a strong bullish reversal candle with a long tail on...
XU is still sitting in a clear bullish higher timeframe bias but we have pulled back as we stated last week, the higher timeframe tells us we are going bullish and we have a nice clear pullback after a push to the upside, this now opens things up for a nice push to the next ATH remember we opened up a new demand, so from here bullish is likely! BUT we can drop...
Starting this week with EU, as we always do. As you can see, we are pretty much at the centre of our current range, leading us to believe we are building liquidity on both sides. Currently, we have swept out the high from last week during a news push. After this sweep, we dropped lower than our previous low, establishing a bearish range and putting the price in a...
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