By analyzing the Tesla stock chart on the weekly (logarithmic) timeframe, we can see that, as expected, the price entered the supply zone at $235. After reaching this level, the stock faced a decline and corrected down to $210! It is likely that we will see further correction in Tesla's stock price. However, as mentioned in the previous analysis, due to the recent...
Here is the expected DXY path for the incoming weeks. We are working with a complex ABC pattern. We are currently in major wave B ( ZIGZAG Pattern ). Zigzag pattern ( 5-3-5 ) is made up of 3 waves: Wave A = 5 waves Wave B = 3 waves Wave C = 5 waves Working with Wave C, we still have subwave 5 in order for major wave B to be completed. What we are looking for...
Looking at the higher timeframe analysis, we can see that EURUSD is moving impulsively in the last period of time. Impulsive move is made up of 5 waves - Wave 1 = Wave 3 = wave 5 = 5 waves - Wave 2 = wave 4 = 3 waves We are now in subwave C of wave 4. Expecting a move down to our buy zone where we'll be looking for buys targeting 1.13 level. If...
Hello hello, We have a short trade idea on GU for the coming week, anticipating the next 12h candle. I am expecting a move into at least one of the iFVGs on 12h timeframe before a move lower with multiple targets graded by my probability hierarchy. Last week we had NFP which took price to a relatively high level. As is said, "The bodies tell the story and the...
we are seeing a 22 resistance. if it breaks expect another dump for all the assets vs the dollar. if it fails then all the risk assests will recover.
The AUD/USD pair on the M30 timeframe presents a potential selling opportunity due to a recent downward breakout from a well-defined Bearish Flag pattern. This suggests a shift in momentum towards the downside in the coming Hours. Key Points: Sell Entry: Consider entering a short position around the current price of 0.6733, positioned close to the breakout...
Dollar Index has a nice potential to keep growing next week. The market nicely respected a daily horizontal structure support, bounced and violated a resistance line of a falling parallel channel on an hourly time frame. The market may reach at least 101.44 level. ❤️Please, support my work with like, thank you!❤️
This trade idea is based on buyside liquidity being induced in the form of equal highs, before a retracement into my signature R2F gap on the weekly timeframe. Regardless of what happens when price gets there, this trade is relying on the scenario of it trading down into it before moving higher. My current POIs are the two 12h iFVGS. Price either only trades...
- **Gold Price:** Gold is holding above $2,500 ahead of the US Non-Farm Payroll data, having reached a high of $2,523 yesterday and currently trading around $2,517. - **US Economy Expectations:** - August Non-Farm Payroll is expected to increase by 164,000, up from 114,000 in the previous month. - Unemployment rate is expected to rise to 6.5%, from 6.4%. -...
The yen has posted several outsized moves in recent days, appreciating sharply on Thursday and Friday from 38-year lows of 161.96 per dollar, sudden rallies that market participants said had the signs of currency intervention. Bank of Japan data released on Tuesday suggested Tokyo may have spent 2.14 trillion yen ($13.5 billion) intervening on Friday. Combined...
Here is our detailed technical review for DXY. Time Frame: 10h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is approaching a key horizontal level 100.721. Considering the today's price action, probabilities will be high to see a movement to 99.278. P.S Please, note that an oversold/overbought condition can...
already a good 2 percent of profit locked in lets see what nfp does remember news are in place to simply accelerate the market and move it where it was fundamentally supposed to move. NOT financial advice im learning gold too...)))
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 101.162 Wish you good luck in trading to you all!
6th September DXY: Currently just below 100.90, could consolidate/retrace briefly, looking downside to 100.55 support level (NFP Pending), could bounce from support NZDUSD: Buy 0.6245 SL 20 TP 50 (DXY Weakness) AUDUSD: Buy 0.6755 SL 25 TP 65 (DXY Weakness) GBPUSD: Sell 1.3170 SL 30 TP 80 (DXY Strength) EURUSD: Buy 1.1145 SL 20 TP 60 (DXY Weakness) USDJPY:...
In my previous DXY analysis I said that, although the index reversed from the beginning of the year support, bulls should not get too excited as long as the index is under 102.30 zone. In the next days, the index resumed its fall and now is trading back towards recent lows. Today's NFP data could bring clarification and if the index falls below the recent lows,...
FX:EURUSD is testing the liquidity zone within the correction. False breakdown of the channel boundary may form another bullish potential for continuation of growth to 1.1300 The currency pair forms a false breakdown of 1.1123, after which it enters the correction phase amid a strong market. The price is testing 0.236 fibo on D1, forming a false breakdown we...
Looking at the chart of the US Dollar Index (DXY), the world’s reserve currency remains in a well-defined downtrend despite last week’s bounce. The near-term reaction in the US dollar will likely follow the likelihood of a 25bps rate cut from the Fed (bullish) vs. 50bps rate cut (bearish) as outlined in the chart above, but ultimately, the dominant downtrend and...
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 101.022 Wish you good luck in trading to you all!