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DOLLAR INDEX (DXY) Will it RECOVER??? hey guys, after a strong rejection from 3 days key support level dollar leaves clear reversal clues. the price stopped setting new lower lows on 4H and currently is on its way to test local structure high - the last resort for bears. being broken to the upside, the market will set new higher high higher close and local bullish trend, giving us hope for greenback strengthening. also note that all USD majors pairs stopped bullish rally and currently leaves reversal clues as well. be prepared for a change.
TVC:DXYLong
by VasilyTrader
9
EURUSD: Price Action & Scenario For Next Week Ice breaks and EURUSD finally started a bearish movement this week. on Friday the price managed to break below a strong demand area and successfully closed below daily/4H structure. short term bias is now bearish and next week I will anticipate a bearish continuation to lower structure levels. HOWEVER, talking about a 1H t.f perspective, things are bit different: the price has formed a perfect ABCD pattern formation and it will most likely retrace to 1.1275 resistance based on the projected CD leg, and boundaries of a falling parallel channel. then buyers will face a wide resistance cluster and selling rally will most likely continue. next goal for sellers will be 1.117 support (based on horizontal structure and support of the channel) good luck!
Short
by VasilyTrader
20
NZDUSD: How to Catch Bearish Wave? US Dollar is finally showing us its strength and all major pairs are now weakening. To catch a bearish continuation on NZDUSD, pay attention to a descending triangle formation. 0.6395 is its horizontal support. let bears break and close below this level and then sell on retest with sell limit or aggressively. with confirmed structure breakout, the market will drop lower. next goal will be 0.6345 remember that the price may start coiling within a triangle. manage your chart with alerts to not miss a breakout.
Short
by VasilyTrader
10
Gold BounceWith gold showing a low resistance path that could pull it back to the low's that we saw in the last week or so. With many analysts offering a much higher price in the upcoming months to years I feel the uptrend will still be respected. We can see some ranging that could show a pull back to the support around 1700, if a re-test does occur, expect a false breakthrough possibility with sellers out-weighting buyers, from this I believe the trend should bull up back to the resistance. Following a possible break of resistance we could see a big bull pushing these numbers to the 1800 analysed by many, even further if enough momentum is generated from the lows, this may be slowed by some possible accumulation but Gold shows promise to fight to these highs. USD numbers should help with this with USD being weakened at multiple times last week. DO NOT TAKE THIS AS GOSPEL, This is my idea that could become possible. Any comments appreciated, new to the game.
TVC:GOLDLong
by JParry8