DXY, Pullback !W1:
- Tendency: Upward
- Above support
- Weakening
- Reversal candle W1
--> Pullback
D1:
- Structure: uptrend
- Tendency: Downward
- Double bearish candle at Support Daily
IF:
- Break down and confirmation --> Move down
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Thanks
Usdindex
DXY, Pullback !W1:
- Tendency: Upward
- Above support
- Weakening
- Reversal candle W1
--> Pullback
D1:
- Structure: uptrend
- Tendency: Downward
- Double bearish candle at Support Daily
IF:
- Break down and confirmation --> Move down
Please support the setup with your likes, comments and by following on TradingView.
Thanks
Talk about goldThese days the seizure has grown in the global market
It's not easy to look at market behaviors
But traders should deal with caution in global markets
According to my predictions
I was expecting this That's the price of golden glove Under $ 1,200 And many did not believe
In this price range There may be strange things
According to the psychology of gold prices in the global market
There is no definite opinion
My theory is these days for the price of gold in the world
In August 2018 gold be move range in the price 1175 to 1150 to swing
But traders should wait for next month in september
Considering the limit loss
Expecting that
if gold break down price of 1150 its going for two month or one month under 1100
but if gold support from 1150 expect gold a little rising with slow time and month to 1200 and 1300
However, traders must be in a deal on condition that they comply with the limitation
i also trying more publishing about gold update
be good luck
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USD Breaks Above Monthly TrendlineTo start the month of August, our expectation was for the King Dollar to retest the highs before moving lower. That, however, wasn't the case as USD closed above the monthly downtrend line. If you have been following this analysis for a few weeks back, price levels and trend line hasn't changed a bit (except for a couple add-ons - update). Looking even further into price momentum, it seems as if the break of the trend line offers fresh new leg to more bullish price action in days ahead.
Happy Trading, folks!
Cheers!
Selling Yearly Triple-Top For September USD Index Futures (DX)Wednesday’s FED Announcements have produced bullish action due to the statements issued. For the intermediate-term, the USD Index is likely to grind higher in anticipation of a hawkish FOMC Minutes release and upcoming September FED meeting.
The last three sessions have been big for September USD Index futures. Price has broken above topside resistance on the daily chart. For now, this market appears poised to test the yearly Triple-Top present in the 95.220-95.440 range.
Here is the short trade:
1)Entry: Sell 95.220
2) Stop Loss: 95.505
3)Profit Target: 94.935
4)Risk Vs Reward Ratio: 1/1
US Dollar Index Poised For Bigger Move? With several days left in the month of July, anything can happen. By mean 'anything', I mean Trump wanting a weak dollar, trade war, raising interest rates, and so forth. So we take a look at the USD chart to give us a hint as to where the Greenback could be heading in the near future. First, we look at the monthly and there we see a possible dark-cloud pattern; however, as I've said in the beginning, it could easily turn bullish at the end of the month. On the other hand, we'll anticipate more downside in days ahead.
Happy Trading, folks!
Cheers!
Aussie & GoldThe story for next week would be Aussie Dollar and Gold. Recently we've seen Gold bounce from a strong level of support, and given a massive rejection on US Dollar Index from a major resistance level, we can expect the two to take the realm - at least for the time being. However, Gold hasn't yet break the downtrend line so this market we assume that it's a little bit of a sideways market.
Happy Trading, folks!
Cheers!
GBPUSD.. to 1.36?I think the next station for GBPUSD is 1.3600
Yesterday, the pair touched the support trendline and escaped to up, It made Pin Par price action (according to the trump-May meeting).
USD Index has arrived in a strong resistance area, our chance will be very strong if this resistance succeeded to prevent it going up.
Our target is 1.3600
Our stop is if the price closed under the support trendline
Good luck
The upside potential for Gold and SilverAt the time of writing this alert our full net long position in gold, silver and mining stocks is well justified from risk and reward perspective, we opened long in gold@1252 and silver@15.870, we are already in profit,
we are sending this very short alert to notify you of two things(proper analysis will be sent tomorrow)
1-we decided to increase the size of our long trading position to 200% of the regular size of the position
2- We are also moving our initial target levels higher
The upside potential.
Being bearish for the medium term is one thing, but ignoring an extra clear buying opportunity is a something entirely different. We don’t think that the final bottom for the precious metals market is yet in, but at the same time, it seems that PMs got ahead of themselves during the decline and need to correct first before they will be ready to decline once again.
many regards-Neeraj Pandey
Current positions
Buy Order: XAUUSD(Gold) (short-term signals) (please note-we can change t.p or s.l depending on market condition)
Buy Price: 1253
Take Profit: 1299
Stop Loss: 1225
Buy Order: XAGUSD(Silver) (short-term signals) (please note-we can change t.p or s.l depending on market condition)
Buy Price: 15.870
Take Profit: 16.720
Stop Loss: 15.570
you want to miss more?we are opening long position-At the time of writing this alert our long position in gold, silver and mining stocks is well justified from the risk and reward perspective-
yesterday gold broke the significant support but due to the fact that mining stocks showed there strength and moved higher some traders may argue that the breakdown we witnessed is rather irrelevant, we believe they are right but not entirely and there good reasons to back up our thoughts
1-Mining Stocks strength is fine but one needs to be aware that the breakdown in the yellow metal is not yet confirmed
2-gold reached other important support levels
let's take a closer look at the gold chart-
Gold moved lower as we predicted when it was trading around 1358 and we closed our short position at 1255, although our target area was lower due to these mentioned facts it seems better to close our short position(however we think precious metals will plunge more after a short rally)
. Based on the 2015-2016 rally The 38.2% fib retracement was at $1253
.Based on the 2016-2018 rally, The 50% Fib retracement is at $1246
On an intraday basis gold closed at $1253 after it declined to $1248, Due to the fact that The gold didn't actually break down the price level we were expecting it to break, it seems likely that this price action is not that important and we are invalidating this move,Overall since gold declined to its support levels and is very near to its cyclical turning points, Output is very bullish at least from the short term view
Silver-white metals declined to its previous lows in intraday and tested it out and reversed before the session ends and we didn't witness any significant breakdown,some traders may argue that just because silver didn't soar quickly after it reaches its bottom output seems less bullish, That's not the case,Remember when we witnessed a downfall in white metal in the first half of 2016,In that situation it took silver 4 days to bottom but when it finally bottomed out, a sharp upswing followed, so overall our view on silver is well up-to-date and output seems bullish for the short term
Conclusion-our short-term view on gold and silver are very bullish while our long-term outlook remains bearish there are many signs pointing out for the short term bullish reversal that we think that it's well justified to open a long position in gold and silver at this point
Sell Order: XAGUSD(Silver)(short-term signals) (please note-we can change t.p or s.l depending on market condition)
Buy Limit Price: 16.080
Take Profit: 16.540
Stop Loss: 15.880
Buy Order: XAUUSD(Gold) (short-term signals) (please note-we can change t.p or s.l depending on market condition)
Buy limit Price: 1253
Take Profit: 1278
Stop Loss: 1239
DXY Daily analysisFrom our analysis, It seems DXY after breached the key resistance yesterday and testing the previous week highs.
we expect ABC Elliot correction wave in which bearish forecast from the current level.
Today,It seems consolidation sideways moves may happen.
On breaching this resistance will push the price towards 95.40
Expected day trading range is between 95.20 and 94.65
Expected today trend: Sideways
DX - Daily (Sell)Hello there,
As everyone knows, the US dollar index is very important and will help us know the direction of the currency.
and from our chart we can see the US dollar index and understand that it will fall (weak), so, next week the dollar will be on sale - inshallah.
Good luck,