US
EURUSD: Candlesticks & Scenario For Next Week
after 1 month long bullish rally on EURUSD,
it looks like we finally see a strong reversal signal.
on a daily, the price went rejected after an attempt to violate a key weekly resistance
and the previous daily bullish candle was eaten by a strong bearish engulfing candle.
in conjunction with rsi divergence, it looks like the market is ready for a pullback.
for now, the first goal is 1.1625. it's based on the 382 retracement of the last bullish leg.
I guess the price will need at least one week to reach that goal.
please note, that it is not a sell signal.
I would suggest looking for a safe entry on a lower time frame.
SPX to Close -3.5% off Highs; 107% of GDP is Debt..SPX to Close -3.5% off of highs while the debt to GDP ratio remains at all time highs. What a great time to have risk-management in check, and not speculate with money we can't afford to lose. If you're outlook is that we've made a true recovery, feel free to post some charts and supporting dialogue below. I would love to hear both bullish and bearish opinions of the current macroeconomic situation as of Jul ending.
EURUSD 4HOver 1.1900 will be (BUY)
Under 1.18800 it’s SELL but not long till 1.17750 or 1.17000
The range will appear to make buy or sell like the chart.
EURUSD Weekly Downtrend Breakoutlast week closed slightly above the trendline, this week is barrelling up and looks like it will close above too.
USDJPY On Key Level! What's Next???
USDJPY has reached a very strong major key level.
the chances that the market will retrace from that level are very high.
to catch a bullish move pay attention to a completed head and shoulders pattern on 1H.
105.15 is its neckline. this level must be broken to the upside first,
only then we can buy the market.
initial target:
106.6
in case of a bearish violation of the head level, setup will be invalid.
Before Breakout The Fed announcement at 9:30 p.m. can bounce sharply once the resistance diagonal line breaks up
US DOLLAR BUY ANALYSIS US DOLLAR IS AT A 2 YEAR LOW. THE TECHNICAL ANALYSIS IS SHOWING A REVERSAL INTO THE UP SIDE. BUY US DOLLAR
DXY ShortAs of now I don't see momentum on the U.S. Dollar to turn bullish. If you've been selling you have been doing a great thing. With the health crisis and what is going on in the U.S. alot of its pairs are also bearish for the most part.
rejection setup we have strong resistance area we expect rejection to support levels as shown on the chart
Dollar Breaking 9 Year Rising TrendlineThe 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 support a weakening dollar such a diminishing Treasury yield or a more risk-on market where the global economy is recovering from the pandemic other than the US's ever-breaking of a new high in the daily new COVID cases, as well as a surge in the death rate.
The US and the dollar have surely disappointed the market big time due to the mishandling of the pandemic and allowing a relapse of such magnitude where the current figures of new COVID cases are more than a fold than the highest in April.
The dollar is most likely to extend further downside but not without any pause or pullback.
Once the dollar successfully breaks below the 2-year rising trendline, the next level can be seen at the 2-year demand zone sitting above 93.
US INDEX STILL UNDER PRESSURE ( BEARISH LEAD )price almost reach support level also we have another monthly up trend support line at the same level of support area
we expect retest the resistance area before drop down to support levels and cross the monthly uptrend
as shown on the chart
note \ just we will wait to see Monday reaction on the market
DOW JONES SHORT. Good Morning traders i am looking to go short on DJ provided that we break a major support and we get a retest and a rejection.
GBPUSD: Where are we going?
hey guys,
confirmed daily candle close above the previous June's structure high.
now bulls will most likely push higher.
next strong resistances:
1.294 - 1.302 area based on a projected harmonic movement, fib.extension confluence and structure
1.315 - 1.322 area based on a fib.extension confluence and structure
to short wisely from these levels, always look for confirmation on lower time frames.
still having some space to going down before jumping up sharpUS index gonna have deeper consolidate before getting ready for long. maybe we need to wait for reaching $93 price. then we can look for big long trade.
EURUSD: Fib.Analysis & Major Weekly Levels
hey guys,
EURUSD is now very volatile and easily breaks daily structure resistances.
you may wonder when the market will stop.
here just by the means of fibs. and structure I found key resistance clusters to look at.
for drawing fib.levels I took major 2014-2015's bearish rally and 2017-2018's bullish rally.
1.16 - 1.18 is the first strong resistance cluster.
it is based on a price action of 2015/2016/2017/2018 and fib. levels of the above-mentioned impulses.
1.21 - 1.22 is the second resistance cluster.
it is based on a price action of 2017/2018 and fib.confluence of 0.5 and 0.786
1.245 - 1.26 is the third resistance cluster.
it is based on a 5 year's high and 618 of the major leg.
the market should at least stop within these levels and retracements will be highly probable.
trade only with a confirmation on lower time frames.
USD CHF ANALYSIS FOR TODAY We should enter the market when we will see a doji with an important green volume to confirm our opinion and for sure there will be a great profit at the end of the day
Short is comeingHi traders
This worked out very well
and we r in PRZ (potential Reverse Zone)
TP's are in
but watch for sell signal like double top with slow rsi on the 2nd top and so on
like in 9 june high
Drive Safe
USD CNH | 1W | Technical AnalysisHelicopter view of USDCNH currency pair, and some ideas on how to act upon the recent price movements.
