Quite interesting chart on NZDUSD. I give my analysis and opinion on what is likely to transpire next. Let's see what happens today (Friday) as I'm expecting the weekly to close below certain levels if I am correct in price coming for the SSL first. However, it may not happen today as there is no high impact news offering a catalyst for a manipulative move lower....
This price has been forming a falling flag for the past few weeks which IMO it is a strong indicator of a long bullish momentum. As for the now, the price seems to be at major market zone, at 0.883 - 0.885, hence we are waiting for; 1. If the price breaks out and closes above 0.886, the bullish momentum might continue. 2. If the price fails to break out of that...
due to various uncertainties and market turmoil us economy is facing major challenges, today market is going to spectate 4 major FOMC members speech and market expects major volatility. with the us dollar fluctuations the market also faces challenges in volatility of usd pairs especially xauusd. dxy major support and resistance are given in the chart...
4h time frame price tapped demand zone. suspect bullish for 105.60. if price retest 104.00 then ideal long setup on usd dollar. stop loss below 103.70, target: 105.60
USD/CAD Nears Three-Month Low as US Dollar Bears Take Control The USD/CAD pair is facing sustained selling pressure for the third consecutive day, reaching a near three-month low during the early European session. Trading around the 1.3385 area, down 0.15% for the day, the pair appears vulnerable to further downside as the US Dollar (USD) succumbs to bearish...
EUR/USD: Awaited FOMC Decision Sparks Mild Negative Bias EUR/USD is currently trading with a slight negative bias on Wednesday, influenced by a modest uptick in USD strength. The currency pair's downside, however, is cushioned as market participants eagerly await the crucial Federal Open Market Committee (FOMC) policy decision. The focus will subsequently shift...
US Dollar Gains Traction: Technical Analysis Points to Potential Bullish Impulse The US Dollar (USD) is showing signs of recovery, hovering around the 103.30 level, with US yields rebounding from Friday's dip. The focus shifts to the upcoming Factory Orders report in the US economic calendar. Despite a recent bearish performance, the USD has regained buying...
OANDA:EURUSD Took this long play the 2nd half of previous NY session, and the set-up was there. Unfortunately, the volume was lacking. But once Asian markets opened, it gave a little push towards a 10 pip TP.
AUD/USD for the past couple days has been trading bearish after touching the respected 4H TF trendline highs,it has reached a respected support level and has not broke past it, could this be a good time to buy ?
Here are some of the notes I had put down since 2020. I am wondering how long the EUR/USD can hold above the 1.05 lvl . The Federal Reserve is on a path to keep hiking, in hopes of combating inflation and winning on that front. The ECB is stuck between a rock and a hard place as inflation is still extremely high and the economy is barely above water. I think price...
With the rising higher highs and higher lows in the close time period, I find this more appropriate to call a channel than a wedge. To call it a wedge, we should ignore this structure and in my opinion it is better to focus on the channel idea.But who knows what happens in the future :) this is my own idea, not a financial advice. Wish you all a great day!
A good opportunity to long position and get a good profit from the attractive American stock market Stay with me to get more analysis after following me by sharing with friends and leaving a comment. According to my risk and capital management system, the risk of each trade is one percent per position. What do you think about this analysis and other...
Hi Traders, A possibility that DXY make a move upwards. A bounce of 103.3 to reach the 104.1 area. Entry Price: 103.3 Target Price: 104.1 Hit the Boost and Follow if u agree. Trade Safe! Thank you.
Dxy broken out the downtrend line , and as per elliott wave theory it looks like we have completed the ending diagonal ! let's have a pump on it
USDD and the Tron ecosystem could be the next to fall. Beware of the next UST.
Getting into a short position. Pretty clear bearish channel forming with a clear strong downwards tendency due to the retracement and inflation of the American and Worlwide economy.
The printed money supply in the world is currently fed into the systems, consequence high inflation. Supply chains are healing but this might take some months until we're back in the game. Since the FED has no interest in sending the global economy into chaos, interest rate hikes will come to light again in the coming months and even interest rate cuts from 2023....