Hello. Looking for USDZAR to make a move upwards. 1. Ending structure 2. MACD divergence 3. Looking for price reaction at Price 16.86 Trade with care
Analysis: This setup is a lot like the gold one that we took earlier, so the analysis is pretty much the same. Price has been in an upwards trend for a while now, until recently where we've seen price reverse and start to head to the downside. In recent times we saw a huge bearish confluence form, which was a break of the upwards trendline that price had been...
Analysis: Price has been in this upwards trend for a while now but in the last couple of months we've seen that change and price has started to reverse and head to the downside. In recent times price was able to break past this long term upwards trendline that we've seen be respected multiple times, which signals to us that the bears are taking control of the...
We have a reached a support with a formation of a W pattern, I can expect reversal in this pair to the up side. BUY!!
These charts are showing 10yr treasury notes, 10yr bonds notes, Dollar Index and EURUSD. MY analysis is showing that 10yr notes refused to make a higher high and 10yr bonds refused to make a lower low despite dollar index pushing lower just before friday close. This is signaling to me that this was just a pull back/retracement for a short continuation this...
USD has been loosing value due to the 2 bank runs that happened over the weekend causing price to have a major sell off, we have reached support so I believe we are over sold and should see a retracement to highlighted zone. BUY!!!
USDCAD is trading in a bullish flag pattern as of this week, with CPI news this week I expect a push to the upside breaking trend and becoming bullish. BUY!!
The trend, by far, remains bearish! However, there are certain levels we might wanna keep track of, in order to always have a better idea of possible Gold targets. For now, we see a struggling bullish engulfing on the last daily candle on last Friday (09-02-2020) which might imply to the possible pending correction. In order to look for correction targets we stick...
Extremely bullish for interest rate hikes and think it will Mike Tyson (KO) most assets against USD. Looking at $106+ possibly as high as $120 and cryptos, gold, silver, OIL are going to tumble hard. Be very careful with these hikes. I wouldn't even play and only keep cash for a while.
USDCAD is now at a strong Daily demand zone. Price could rally up during NY session. Strong biy
Market Structure is Bullish on Daily TF, However my bias is Bearish Im not convinced of Bulls because of Fakeout Structure on the Daily TF from last week, Also a Bearish Weekly Candle close from last week Looking for a pullback to 1.135 for sells
Look at the attached chart for the weekly cycles. We are in a huge volume zone with 3 false breaks at the resistance level showing buyers are losing control. Bearish divergence on the histogram and building on the MA's shows we are due a down leg to at least the centre of the double top. In the long term I would be looking for a 38% retracement of the weekly move...
Hey Traders, above we notice the breakout of DXY the supply zone of 94.370, that's a good sign that this zone will become a resistance and we will see more bullish momentum in the dollar. in other side we are holding our EURUSD swing short from 1,17 towards 1.138 zones. and we will monitor extra USD pairs to catch more opportunities. Trade Safe, Joe!
Buy limit : 1.24700 Stop loss : 1.24400 TP1 : 1.25000 TP2 : 1.25400
Dollar Index - H4 - Steady and consistent uptrend on the hourly timeframe on DXY. We're expecting a dip early on next week then a strong rally later on in the week.
USD Experiencing short term upside. I'll be looking to hedge this position near the target. Technically price is supported by trendline and fibonacci.
View the chart for information on how I traded this pair.
Dollar index - H4 - Channel break out and retest is completed we are ready for another impulse rally from here on.