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Alikze »» DYM | Descending channel🔍 Technical analysis: Descending channel
- It has been moving in a downward channel in the daily time frame, which continued to correct until the green box after the channel broke.
- It is currently located on the roof of the second channel. With the defeat of the region, it can have goals close to 1.56-1.95.
- In addition, if it can be above 1.56, it can touch the ceiling of the previous channel of 2.34.
💎 Alternative scenario: if it faces selling pressure at the top of the channel, it can continue the correction to the bottom of the descending channel in the range of 0.78 by breaking the green box.
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BINANCE:DYMUSDT
XAU price today December 18, 2023 lacks upward momentumMost investors expect gold prices to continue to increase in the near future, while market analysts have a more cautious view.
It is forecasted that in the coming time, gold prices may decrease due to the undue impact of expectations that the US Federal Reserve (Fed) will lower interest rates early next year. The US Central Bank will not cut interest rates anytime soon.
The gold market is lacking many motivating factors to continue increasing prices from now until the new year. Gold buying momentum seems to be exhausted.
DXY, SHORT Resault: 420 pips✅Based on the structure of the chart, the US dollar index is pulling back towards the middle line of the ascending channel and will move towards the bottom of the channel after the pullback.
According to my risk and capital management system, the risk of each trade is one percent per position.
What do you think about this analysis and other analyses?
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xauusd shortThe beautiful price structure of gold is being prepared for a very hearty and profitable short-selling position and I will enter the sell from the specified range.
According to my risk and capital management system, the risk of each trade is one percent per position.
What do you think about this analysis and other analyses?
What symbol would you like me to analyze for you?
EURUSDEurusd is testing its strong level of support at 0.9885 level and rejecting from the support area on smaller time frame we see some bullish momentum and on 1h bullish hammer candle sticks shows the bulls regaining the strength in the #eurusd pair #DXY is also drop from its resistance this also show the strength in eurusd.
TRADE SETUP BUY 0.9910
TARGET 1 : 0.9975
TARHET 2: 1.0000
STOPLOSS 0.9860
SDC SmileDirectClub short squeeze candidate?32.82% OF FLOAT SHORTED.
Bullish on option calls.
Average Volume: 11,003,726! High!
One of the top mentions on Reddit!
52 Week Range 4.63 - 16.08. close to the all time low now!
My price target is the 8.7 resistance.
EURJPY Sell Going Down several pipsHello Traders, here is the full analysis for this pair.
Watch strong price action at the current levels for BUY. GOOD LUCK! Great BUY opportunity in USDJPY ..
I still did my best and this is the most likely count for me at the moment ..
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