Dollar Index (DXY): Trading Plan Ahead of the FED 💵
Dollar Index keeps consolidating.
The market is stuck within a narrow range on a daily.
It feels like the market participants are waiting for the FED interest rate decision next week.
Pay attention to the boundaries of the range.
Its bullish breakout will be a strong bullish confirmation.
A bullish continuation will be anticipated at least to 104.15 level then.
If the price violates the support of the range and closes below that on a daily,
a bearish continuation will be anticipated to 102.22 support.
Patiently wait for a breakout, it will give you a strong confirmation.
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Swingtrader
GBPCAD: Bullish Trend-Following Setup 🇬🇧🇨🇦
GBPCAD is trading in a bullish trend.
The price formed an ascending triangle formation and violated its neckline
with a high momentum bullish candle.
That is a strong trend-following signal.
We can anticipate growth now to 1.725 level.
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AudCad changing trend soon.Looking for Impulse Down.
AudCad will start to move down soon. AudCad cleared stops and made a displacement to move down. Make sure you have your own rules on RR and follow them. This is just a trading idea to help you gain better knowledge. If you have any question ask me in comments.
Learn & Earn!
Wave Trader Pro
AUDNZD: Bullish Outlook Explained 🇦🇺🇳🇿
After a consolidating within a wide range on a daily,
AUDNZD bounced and violated its resistance.
The price formed a high momentum bullish candle yesterday.
Probabilities are high that the market will grow next week.
Next goal - 1.0815
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AUDCAD: Bearish Reversal Coming?! 🇦🇺🇨🇦
AUDCAD formed a huge head and shoulders pattern on a daily time frame.
The neckline of the pattern was broken yesterday, and a daily candle successfully closed below that.
I expect a bearish movement now.
Next support - 0.878
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AUDCHF: Trend-Following Opportunity 🇦🇺🇨🇭
AUDCHF is trading in a bearish trend.
After a strong selling wave, the pair was consolidating for 2 weeks
within a narrow range on a daily.
Yesterday, the support of the range was broken.
We see its retest now.
I expect a bearish movement lower.
At least to 0.5636 level.
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GBPJPY: Bullish Outlook After CPI 🇬🇧🇯🇵
GBPJPY violated a resistance line of a wide horizontal range on a daily yesterday.
The release of the CPI data increases a bullish pressure.
Chances are high that the growth will continue.
Next resistance - 188.28
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DEN Networks for Swing/Positional DEN Networks Prediction for Swing/ Posional Trading
You can enter into trade above Entry level (49) daily close basis . CMP is 47.10 . There is a resistance 48.40-48.70 level. It can again come to 45 level or touch more low.
Strong Supports are shown in the chart.
Targets- 57,71,94,100,…
Intermediate Targets- 51.5,54,60,63,66,69,80,86,92,98,..
According to your “STOMACH” book your profit. Always maintain your risk management.
Watch Carefully – The Chart Explains For Itself.
Disclaimer:
I am not a SEBI Registered Analyst. Anything posted here is my own analysis and views. This is created for educational purposes only. Always consult your Financial Advisor before taking any decision or trade.
Request: Please support by Like, follow, comment, share and boost.
Happy trading.
About DEN Networks –
DEN Networks Ltd. is a holding company, which engages in the distribution and promotion of television channels through digital cable distribution network. It operates through the Cable and Broadband segments. The Cable segment includes distribution and promotion of television channels. The Broadband segment offers internet services. The company was founded by Sameer Manchanda on July 10, 2007 and is headquartered in Mumbai, India.
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EURCHF: Time For Correction?! 🇪🇺🇺🇸
After a strong bearish impulse, EURCHF was consolidating for 2 weeks
within a narrow range on a daily.
Yesterday's CPI report triggered a bullish reaction on the pair.
It managed to violate the upper boundary of the range.
I think that the market may start a correctional movement now.
Closest resistance - 0.94
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EURJPY: Important Breakout 🇪🇺🇯🇵
EURJPY managed to violate a neckline of an ascending triangle formation
on a daily and closed above that.
It confirms the dominance of the buyers and increases the chances that the market returns to a global bullish trend.
The next goal for buyers will be 161.2
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AUDCHF: Time to Fall! Here is Why: 🇦🇺🇨🇭
AUDCHF was consolidating for more than 2 months within a wide horizontal range on a daily.
This week, the price managed to violate its support.
It is a very important sign of strength of the bears.
The market will most likely keep falling now.
Next support - 0.5635
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HOLDING UP MY 3 SWING POSITIONSWe are almost done with the first week of the year 2024, and still, my 3 open swing positions are holding up.
Currently, if I close all these 3 positions now, the results will generally GAIN.
I will keep holding this as long as the market does not hit my SL and TSL.
Happy Trading everyone in this Community!!!
USDCHF: Time For Pullback 🇺🇸🇨🇭
USDCHF is going lower.
Ahead, I see an important zone of confluence.
Analyzing a weekly time frame we see a horizontal support around 0.835 level
based on the 8 years low.
The underlined green structure matches perfectly with a completion point
of a harmonic abcd pattern.
I believe we're going to see a pullback soon.
Watch lower time frames and look for a confirmation.
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EURAUD: Important Structure Breakout 🇪🇺 🇦🇺
EURAUD finally managed to violate a solid 1.623 - 1.630 demand zone.
After multiple breakout attempts, the pair closed below that structure.
It now turned into a supply area.
We may expect a bearish movement lower.
Goals: 1.603 / 1.590
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USDJPY: Growth Continues 🇺🇸🇯🇵
We have spotted earlier a bearish trap on USDJPY.
As I predicted, the price nicely recovered.
We see one more bullish pattern now.
The pair formed an ascending triangle formation on a 4H time frame
and successfully violated its horizontal neckline.
The growth will most likely continue.
Goals will be: 144.0 / 144.7
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AUDUSD: Bullish Rally Continues 🇦🇺🇺🇸
As I predicted, AUDUSD perfectly respected the underlined green daily support.
The price formed a high momentum bullish candle after a release of US fundamentals yesterday.
We may anticipate a further growth now to 0.6715 resistance.
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