DOLLAR (DXY) ____ ANOTHER BULLISH RALLY Hello Guys,
This week might end the dollar bullishness as I speculate that Friday 'could' be the last bull run before the bearish move starts...
If you look at the daily chart of the dollar index, you would notice how price was manipulated to get people to sell the dollar only for it to reverse and rally. This rally, however, should continue.
It would be nice to see price retrace into the order block and see if price will change from bearish to bullish before continuing the rally. However, due to the manipulation that happened yesterday, there is a chance that price would not retrace to the order block before continuing to rally.
Since the dollar is bullish, it simply means that pairs such as AUDUSD, GBPUSD, and NZDUSD would print a bearish candle by the end of Friday while USDCAD & USDCHF would print bullish candles.
Follow for more updates like this.
Cheers,
Jabari
Tecnicalanalysis
GOLD Sellers In Panic! BUY!
My dear followers ,
My technical analysis for GOLD is below:
The asset is approaching an important pivot point 1913.69
Bias - Bullish
Technical Indicators: Pivot Points High anticipates a potential price reversal.
Super trend shows a clear buy, giving a perfect indicators' convergence.
Target - 1931.20
My Stop Loss - 1903.92
About Used Indicators:
For more efficient signals, super-trend is used in combination with other indicators like Pivot Points.
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WISH YOU ALL LUCK
EUR/USD The Target Is DOWN! SELL!
My dear friends ,
I analysed this chart on EUR/USD, and concluded the following:
The asset is approaching an important pivot point 1.09434
Bias - Bearish
Technical Indicators: Supper Trend generates a clear short signal while Pivot Point HL is currently determining the overall Bearish trend of the market.
Goal - 1.08874
My Stop Loss - 1.09760
About Used Indicators:
By the very nature of the supertrend indicator, it offers firm support and resistance levels for traders to enter and exit trades. Additionally, it also provides signals for setting stop losses
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WISH YOU ALL LUCK
SPY Set To Grow! BUY!
My dear subscribers ,
My technical analysis for SPY is below:
The asset is approaching an important pivot point 445.59
Bias - Bullish
Technical Indicators: Supper Trend gives a precise Bullish signal, while Pivot Point HL predicts price changes and potential reversals in the market.
Target - 450.01
About Used Indicators:
Super-trend indicator is more useful in trending markets where there are clear uptrends and downtrends in price.
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WISH YOU ALL LUCK
USD/CHF Trading Opportunity! SELL!
My dear followers ,
This is my opinion on the USD/CHF next move:
The price is coiling around a solid key level - 0.87610
Bias - Bearish
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bearish continuation.
Target - 0.87446
About Used Indicators:
A super-trend indicator is plotted on either above or below the closing price to signal a buy or sell. The indicator changes color, based on whether or not you should be buying. If the super-trend indicator moves below the closing price, the indicator turns green, and it signals an entry point or points to buy.
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WISH YOU ALL LUCK
US100 Buyers In Panic! SELL!
My dear subscribers ,
US100 looks like it will make a good move, and here are the details:
The instrument tests an important psychological level 15032.0
Bias - Bearish
Technical Indicators: Supper Trend gives a precise Bearish signal, while Pivot Point HL predicts price changes and potential reversals in the market.
Goal - 14898.9
Recommended Stop Loss - 15107.4
About Used Indicators:
For more efficient signals, super-trend is used in combination with other indicators like Pivot Points.
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WISH YOU ALL LUCK
GBP/USD Trading Opportunity! SELL!
My dear followers ,
Please, find my technical outlook for GBP/USD below:
The market is trading on 1.26920 pivot level.
Bias - Bearish
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bearish continuation.
Target - 1.26435
About Used Indicators:
On the subsequent day, trading above the pivot point is thought to indicate ongoing bullish sentiment, while trading below the pivot point indicates bearish sentiment.
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WISH YOU ALL LUCK
Gold scenario for the coming weekThe price moved based on our scenario last week
But it has not yet reached our target of 1,900:
In case of collision with the area between 1885-1903, we should consider the price to return, and in case of a strong return from this area, the resistances between 1926.3-1930.2 and 1918.5-1921.8 are on the way to return.
Note that crossing the support zone with strength can create a new bearish scenario, in which case a new scenario will emerge
#gold #15min
NZDCAD - Do We Have A Bullish Breakout Pattern Setting Up?Analysis:
Bullish Confluences
Recent change into a bullish trend (HH formed)
Retest of a key level
Falling wedge pattern
3K short position decrease for the NZD
4K short position increase for the CAD
Bearish Confluences
NZD is the 5th strongest major currency whereas the CAD is the 4th strongest major currency
9K long position increase for the CAD
Stay Safe - The JPI Team
Please feel free to leave any comments you have and like this idea if you agree with us. Any feedback or comments will be read and responded to. We any comments at all so thank you!
Disclaimer:
This does not constitute as financial advise. We are not responsible for any monetary loss that you endure. Trading is hard to be profitable with and we take losses just like everyone else does too. Our ideas won't always be correct which is why we urge you to always do your own analysis first before entering into the market but please feel free to use our analysis to assist you with yours.
EUR USD ideaHey, you keen traders,
So, here's the scoop on EURUSD – there's a chance, just a vibe in the air, that we might catch a bounce. And let me tell ya, we're all about grabbing those opportunities like they're the last set of the day.
But hey, we're no amateurs, right? We take our chances seriously, and that means we're waiting for that confirmation, that nod from the market that it's all good. It's like waiting for that wave to build up just right before we ride it like a pro.
Stay focused, stay determined, and keep that surfer's intuition on high alert. 'Cause when the conditions are primo, and we're in sync with the vibes, that's when we make those magic moves. Let's dive in, catch that wave, and ride it to success. Stay stoked and ride on, my friends! 🌊🤙🏄♂️🚀
GOLD My Opinion! BUY!
My dear friends ,
My technical analysis for GOLD is below:
The market is trading on 1915.11 pivot level.
Bias - Bullish
Technical Indicators: Supper Trend gives a precise Bullish signal, while Pivot Point HL predicts price changes and potential reversals in the market.
Target - 1930.98
Safe Stop Loss - 1906.85
About Used Indicators:
Super-trend indicator is more useful in trending markets where there are clear uptrends and downtrends in price.
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WISH YOU ALL LUCK
NZD/USD Massive Long! BUY!
My dear subscribers ,
I analysed this chart on NZD/USD, and concluded the following:
The asset is approaching an important pivot point 0.60082
Bias - Bullish
Technical Indicators: Supper Trend gives a precise Bullish signal, while Pivot Point HL predicts price changes and potential reversals in the market.
Goal - 0.60802
Recommended Stop Loss - 0.59702
About Used Indicators:
Super-trend indicator is more useful in trending markets where there are clear uptrends and downtrends in price.
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WISH YOU ALL LUCK
DXY A Fall Expected! SELL!
My dear subscribers ,
DXY looks like it will make a good move, and here are the details:
The asset is approaching an important pivot point 102.419
Bias - Bearish
Technical Indicators: Pivot Points Low anticipates a potential price reversal.
Super trend shows a clear sell, giving a perfect indicators' convergence.
Target - 101.891
About Used Indicators:
By the very nature of the supertrend indicator, it offers firm support and resistance levels for traders to enter and exit trades. Additionally, it also provides signals for setting stop losses
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WISH YOU ALL LUCK
EUR/JPY Massive Long! BUY!
My dear friends,
Please, find my technical outlook for EUR/JPY below:
The market is trading on 158.920 pivot level.
Bias - Bullish
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bullish continuation.
Goal - 159.709
About Used Indicators:
The pivot point itself is simply the average of the high, low and closing prices from the previous trading day.
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WISH YOU ALL LUCK
Virgin Galactic (SPCE) - Q2 Interest - Potential Accumulation 📊 Fundamental Analysis:
Virgin Galactic has been gaining attention in the market due to a positive Q2 performance. The company's strong quarterly results have sparked interest among investors, potentially indicating positive growth prospects ahead.
📈 Technical Analysis:
The chart above illustrates a potential Wyckoff accumulation phase for SPCE. The price action appears to be forming a classic Wyckoff pattern, suggesting a potential bullish reversal. We've seen a series of higher lows forming over time, indicating increasing buying interest.
🔄 Anticipating the Spring Phase:
The final confirmation for the Wyckoff accumulation pattern often comes with the "Spring" phase, which involves a liquidity grab at the bottom. In this case, we're watching for a potential dip to the 0.272 Fibonacci level around $2.36. This could act as the liquidity grab, setting the stage for a potential bullish move.
📈 Bullish Confirmation:
To confirm the bullish scenario, we're looking for a higher high (an outbreak) in the price action, potentially around the $8 to $10 range. This breakout would validate the accumulation phase and signal a potential trend reversal.
🔍 Key Levels to Watch:
Support: 0.272 Fibonacci at $2.36
Breakout Confirmation: $8 to $10 range
Let's discuss in the comments below! What are your thoughts on SPCE's potential accumulation phase and breakout scenario? Share your insights!
EURJPY - Do We Have A Reversal Setting Up?Analysis:
Bearish Confluences
Price has failed to push higher multiple times
Price is forming lower lows
We're retesting a strong area of resistance that's been tested multiple times before
Downwards trendline touch
Bearish pennant pattered forming
Broadening descending channel forming
11k long position decrease for the EUR
2k short position decrease for the JPY
Bullish Confluences
EUR is the strongest major currency whereas the JPY is the weakest major currency
5k short position decrease for the EUR
4k long position decrease the JPY
Stay Safe - The JPI Team
Please feel free to leave any comments you have and like this idea if you agree with us. Any feedback or comments will be read and responded to. We appreciate any comments at all so thank you!
Disclaimer:
This does not constitute as financial advise. We are not responsible for any monetary loss that you endure. Trading is hard to be profitable with and we take losses just like everyone else does too. Our ideas won't always be correct which is why we urge you to always do your own analysis first before entering into the market but please feel free to use our analysis to assist you with yours.
GBPJPY - Are We About To See A Reversal?Analysis:
Bearish Confluences
Price failed to push higher showing signs of a reversal
Retest of a key level
Upwards channel formed (bearish chart pattern)
Longer term over extended bullish push (retracement needed)
13k long position decrease for the GBP
2k short position decrease for the JPY
Bullish Confluences
GBP is the 2nd strongest major currency whereas the JPY is the 8th strongest major currency
4k short position decrease for the GBP
4k long position decrease for the JPY
Stay Safe - The JPI Team
Please feel free to leave any comments you have and like this idea if you agree with us. Any feedback or comments will be read and responded to. We any comments at all so thank you!
Disclaimer:
This does not constitute as financial advise. We are not responsible for any monetary loss that you endure. Trading is hard to be profitable with and we take losses just like everyone else does too. Our ideas won't always be correct which is why we urge you to always do your own analysis first before entering into the market but please feel free to use our analysis to assist you with yours.
USOIL Massive Long! BUY!
My dear friends,
Please, find my technical outlook for USOIL below:
The market is trading on 83.15 pivot level.
Bias - Bullish
Technical Indicators: Supper Trend generates a clear long signal while Pivot Point HL is currently determining the overall Bullish trend of the market.
Goal - 87.02
About Used Indicators:
The average true range ATR plays an important role in 'Supertrend' as the indicator uses ATR to calculate its value. The ATR indicator signals the degree of price volatility.
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WISH YOU ALL LUCK