Even though the fundamentals were bearish for Dollar Index, on Friday. I think that the market will resume growth next week. I will expect a bullish continuation to 103.6. Please, support my work with like!
Hi people , Greetings from Team Decrypters As you can see we Bearish Pattern we expecting price to move down after a consolidation
Hi people , Greetings from Team Decrypters We are Still Bearish on Over all Crypto Assets Due to Pending Downside leg of stocks Towards Pre-covid Levels & Pending liquidations of Big players
EURUSD created a very nice bullish structure on 1h. I'm still overall very bearish on HTF, however, the context allows us to be bullish on LTF, cause we're probably heading to mitigate that supply zone on Daily. Don't forget you can adjust the chart view for better context. 📉 Text marks: 🔹 IL = impulse leg. Inside of IL we can usually see inside the structure,...
The gold opened low but climb throughout the Asia session and reached the equilibrium level at 1856. The price has clearly broken above a 1-week resistance and may continue so within its current 2-month rising channel. Wait for a pullback to 1842 to buy in again, targeting the equilibrium level at 1856, and then the top of the channel at 1871.
EURUSD is probably ready for a whole new wave of a bullish run after gaining stronger ground from last week. The market has broken out from a retracement channel and the price has also resurfaced above all moving averages, as well as an important pivoting level at 1.1750. The MACD is also showing a returning bull and the line is about to cross above level zero...
The dollar broke away from a rising structure after breaking below a 1-month rising channel and a demand zone around 93.6. The MACD is also about to cross below level zero which indicates a sustainable bearish trend to follow. The market sentiment seemed to have turned risk-on again in anticipation of the fresh stimulus package. It has also taken the dollar a...
Gold had the biggest weekly loss in close to 2 months. It also ended a 5-week ranging market that took the shape of a symmetrical triangle soon after the breakout from a near 6-month rising channel. With that, the gold is now on sale, an 11% discount from its all-time high. While the dollar seems to be in high demand as a safe haven currency, what performed...
After ranging for more than 2 months and reaching a 29-month low, the dollar started to show signs of reversal. The reversal took off strongly and broke above the top of its previous range just below 94 with very little pause. The dollar continued to climb and finally reached the top of a 6-month falling channel where resistance was presented. However, a...
The GBPUSD faced strong resistance when it approached a major supply zone around the 1.34 region. Its rally against the dollar was confirmed to have ended when smashed downwards shortly into the September period. Breakthroughs of important rising trendlines followed through as risk sentiment continued to build up which has led to a further rally for the...
If you hadn't realized, EURUSD has marked the end of its final bullish run last week. The market now trades within a range and is currently pulling back from a bearish trend since yesterday. While we can't be certain that EURUSD will eventually dip further, it's a safe and reasonable bet to sell again as it approaches the top of the current range. If we were to...
As the gold failed to extend gain this week, the reversal has taken place. 2 waves of bearish movement have been completed, leaving one last wave to go. Why one last wave, or at least one more wave? It is because every trend within the current range took at least 3 waves before a reversal.
The dollar has posted its biggest loss in a month since 2009. One glance at the monthly timeframe, the dollar is certain to have confirmed its peak at 103. It is also almost certain that the dollar has begun a mid to long term bearish trend as it fell back to the starting point of a 2-year rising channel just above 93. Since we are certain that the dollar will...
The dollar had the biggest weekly fall in 4 months and broke below a 22-month support level. At the same time, the dollar is also threatening to break below a 2-year rising trendline which could open the floor for more selling. In fact, the dollar is destined to fall since it broke below a 2-year rising channel. Of course, there are a lot of fundamental reasons to...
Since coronavirus first broke out in February globally, the global stock market has tanked and plunged in a devastating fashion but has quickly recovered once the lockdown began and the economy started to open up again. However, it is obvious right now that the US is facing a relapse as new COVID cases rose to an all-time high, and death rate picked up...
USDCAD continued moving within it's range without a direction this week. This is good for us as it provides a clear selling price, at the top of the range. Before closing, USDCAD got supported at the bottom of the range once again, therefore, this week we could look to sell USDCAD at the top of the range once price gets resisted. However, if USDCAD breaks above...
USDCAD continued moving within it's range without a direction this week. This is good for us as it provides a clear selling price, at the top of the range. Before closing, USDCAD got supported at the bottom of the range once again, therefore, this week we could look to sell USDCAD at the top of the range once price gets resisted. However, if USDCAD breaks above...
The dollar continued to fall last week and reached a 1-month support level at 95.8. It rebounded at first but gains were wiped out in the very next candle, showing a lack of buyers at the support. The dollar is currently establishing a bearish trend within an H4 falling channel, both highs and lows are continuing to form lower, and thus a clear-cut bearish...