US-DOLLAR
Gold is back to flat zone. Waiting for Retest 1265Trading idea and analyse from trader Nika Lekishvili
dxy higher time frame suggest the fall is far from overif these waves is to extend fully, usd has plenty more room to fall before it complete the sequences
as such, will continue to look for opportunities to short usd
AUD USD Long until 7725!I'm not in this trade, but it played out perfect and I did not see it until now. Perfect elliot where wave 3 is exactly 1.618 of wave 1 and wave 4 with a perfect retracement. Wave 5 will reach the 7725 mark which is also around the horizontal resistance. I would not trade the ABC downward correction unless I see better signals.
FOMC unchanged rates, Still Tax issues & More strong GOLD.Trading idea and analyse from trader Nika Lekishvili
EURUSD Short Position ...daily trading FOREXCOM:EURUSD
this Week Just sell short position in ...daily trading
use fram daily , 4h , 1h
Where do it see it going ? 1, 2, 4 or 4 What zone do you expect ?
1- Back to ATH ?
or
2,3,4
Nice ascending triangle formation.
Could go both way either trendline will resist or not..
if uptrend expect 2989
If downdrend :
At 2682/2634 range
if is brokren back to 2424
XBT / Charge to 'All Time High' then What??- XBT will hit 'all time high' w/ new $$$/hype thrown at BIP91/Segwit2x.
- 'All time high' will crest around 3500-3750USD.
- If there are any hiccups w/ BIP91/Segwit2x, XBT will quickly retract/return to 2000-2300USD.
- Sidenote: I see XBT as a commodity. I don't think it will ever have real application.
USDCAD entering the reversal zone!After the LONG awaited channel break, USDCAD has been dropping relentlessly, but now it is entering the reversal zone. There may be more movement down if the support levels
are broken. For now, we should expect it to either go long short-term, a bull run for the long term, or more strong downwards movement after the reversal zone is broken (less likely).
S upport for upcoming Reversal:
MACD: You can see a clear divergence forming in the MACD of the day timeframe.
RSI: Getting ready to break the resistance line. Once the resistance line is broken we should expect a trend reversal.
DMI: ADX line is getting near previous highs. We should expect it to start losing its steam and reverse around the 60-65 levels.
Dollar Index @ Demand Level??The Big Picture @ Demand Level.
Potential Long Position.
Trend has been bearish for the last Month.
Bullish engulfing candle set up on 2hr TF
Monthly Pivot 96.07 Supply Level. Critical Zone.
Leave a like or Comment your views
EURUSD Retrace INCOMINGAs you can see based on daily cycles, an EU retrace is incoming.
We have a double cycle ending at the 161.8 FIBO EXTENSION level, paired with a triple cycle. Both cycles ending in a divergence.
To drop shorter TF to 4HR, we have a bearish triangle forming, indicating the pressure of a drop inbound.
I Predict that a EURUSD short is incoming, and may be a very significant one.
The other side? Well, I suppose with today's political climate anything is possible, but the charts never lie!
Dollar Index: Potential LongLooking for a counter trend trade on the Dollar Index. Looking for a Bounce off the Daily demand zone that has been refined on the 4hr. The safer bet would be to wait for the trendline to break and go long off that demand zone but I'm still practicing and this is a good learning opportunity.
Nice reaction (speed and volatility) away from this level. Don't really like that the level is not near its origins and that price is decelerating and stair step down but price has picked up speed lately.
Constructive Criticism is welcomed.
USDJPY has formed a cypher pattern , near the previous breakout 1. cypher
2 near demand zone/previous resistance now likely to act as a support
3. RSI oversold with divergence
4. Fib confluence
5.PRZ
6. AB=CD
USD/JPY continues the downtrendThe US dollar showed more weakness yesterday as it fell down towards our projected 1.27 Fibonacci extension (~112) from it's previous leg down (113.6 - 112.26) and managed to bounce back up from there towards the 0.38 Fibonacci retracement level, waiting for more downside as it couldn't break it.
Eur Is Weak For TodayI see a bearish move on eur/cad as on 4hr as well we can clearly see a beautiful swing trade that i cannot miss this trade comes very rare but very powerful.
Regards 2smart2trade
Breakout structure-AUDUSDYesterday seems that aussie could take a falling movement this week. However, today's scenario is completly different. As we see, a bullish candle has broken the resistance level. Now we can expect a retest of that structure to go long again.
