DXY on the daily chart hit a pivot top in early March and then 9 trading days ago a pivot bottom and reversal. While trending down, a weakening dollar in general supports rising commodity prices. The converse is likewise applicable. This week with increasing strength of the dollar, upward price action of commodities may be challenged. The predictive...
BTCUSD CMP - 21818 BTCUSD was consolidating sideways for last 3 weeks between 22300 and 24200 , highlighted in rectangular box and we saw the consolidation break down today. This is a short term trend reversal signal, with immediate target 21478. This was a previous breakout level and should show some support , failure to hold this level will move BTC to next...
FX:GBPUSD English: Hey, Traders! Here we have the GBP/USD in the 4h time frame. I am looking for a short opportunity, it shows us at the moment a retest on the main level + the fib 78% level is on the main level which should give us more security. With a strong dollar and a weak pound, we could easily make the first take profit, maybe even the second morning or...
TVC:DXY looks like it wants to go back to 102, almost 103. Downtrend was broken with gusto; multiple bullish candles to confirm the change in trend on the monthly chart. Looks primed and ready to hit 102/103 and most likely surpass those levels after contending with it a second time. This will most likely be a headwind for emerging markets. So it may be...
AUDUSD Intraday - We look to Sell at 0.6335 (stop at 0.6375) Although the bulls are in control, the stalling positive momentum indicates a turnaround is possible. A Doji style candle has been posted from the high. We are trading at overbought extremes. This is negative for sentiment and the downtrend has potential to return. Preferred trade is to sell into...
This is my updated analysis on Cable Dollar. I'm anticipating a few more swings to be carried out to complete Wave 5, in red, before the correction phase should ensue.
EURUSD Intraday - We look to Sell at 0.9988 (stop at 1.00362) The medium term bias remains bearish. A bearish Head and Shoulders is forming. Selling spikes offers good risk/reward. We look for losses to be extended today. Our profit targets will be 0.9864 and 0.9825 Resistance: 0.9992 / 1.0200 / 1.0775 Support: 0.9850 / 0.9750 / 0.9700 Please be...
EURUSD Intraday - We look to Sell at 0.9997 (stop at 1.0060) We are trading at oversold extremes. There is scope for mild buying at the open but gains should be limited. Resistance is located at 1.0000 and should cap gains to this area. Preferred trade is to sell into rallies. Our profit targets will be 0.9853 and 0.9825 Resistance: 1.0000 / 1.0360 /...
EURUSD Intraday - We look to Sell at 1.0528 (stop at 1.0564) Following yesterday's bearish candle, the overall trend lower looks set to continue today. Rallies should be capped by yesterday's high. Further downside is expected although we prefer to set shorts at our bespoke resistance levels at 1.0530, resulting in improved risk/reward. Risk/Reward would be...
Saleforce Short Term - We look to Buy at 168.45 (stop at 151.44) They reported earnings with forecasted earnings rising despite strong dollar headwinds. This led to a jump in premarket and could provide impetus for further rise up. There is scope for mild selling at the opening but loses should be limited. Our outlook is bullish. Dip buying offers good...
looking at usd/cad with a healthy correction in this uptrend, looking for a continuation move to the upside possibly disclaimer- this information is for educational purposes and demo use only
... I am still short in DJI unless it will go above 35k and stay there for a while. Current candle formations suggest to me further downtrend. This white candle which may suggest sudden north direction seems to me fake as wedding cake... I would consider closing postiion when it will touch the EMMA
The dollar has bounced off its bottom trend line. After having such a long period of weakening, it is due to bounce back a bit. It is extremely rare for the dollar to not reverse the trend after an extended period of strength or weakness. It may not rally back much, but it will give you some gains in the short-term. Sell half when it hits the upper trend line...
The EURUSD gor rejected from 100% fibonacci level near 1.1880. at the moment the pair retraced to trade near 61.8% critical level if broken and we witnessed a 4hrs candle close below 1.1820 we might see further momentum for the downside. potential finishing a W,X,Y wave might take euro dollar to new lows belo 1.1600 level. lets not forget the bearish monthly...
Gold has beed trading in a ranging market however in a grand corrective cycle. that means the biased direction is to the downside in order to finish from the third corrective leg near 1805- 1776 $ per ounce. meanwhile gold is retracing upwards in a 3 waves pullback, we will be looking for short positions near 1914-1917 level with respect to a stop loss above...
After a break-out from 4hr rising wedge, I expect a test of structure then further continuation to the downside for the creation of a lower low on the daily chart. Entry order is set inside confluence zone with Fibonacci and market structure confluences, target is set a few pips above 127.2% fib extension of daily retracement. In case of slippage, I expect the...