GBP/USD: Navigating Forex's Ebb and Flow - A Close Eye on DXY GBP/USD has been a rollercoaster lately, with our earlier anticipation of a recovery proving accurate. Yet, in the ever-changing forex landscape, we must prepare for the next chapter. Now, I'm keeping a watchful eye on a potential downturn for GBP/USD, in response to a stronger US dollar. A crucial...
Based on my analysis, I'm currently focused on pursuing continuation shorts for GBP/USD due to the prevailing bearish market conditions. However, should the market dynamics undergo a transformation, I'll be setting my sights on targeting the FVG D for potential buy opportunities. Keep an eye on this evolving scenario and stay adaptable in your trading strategy. 📉📈...
Market Shift on DXY Sparks Bullish Outlook for Gold The market has undergone a noticeable shift on the lower timeframes of the US Dollar Index (DXY), which has prompted me to shift my focus towards potential buy opportunities on gold. Join me in exploring this emerging bullish outlook for gold as we navigate the evolving market conditions. Stay tuned for further...
Traders, this week, we're focusing on the Australian Dollar/Canadian Dollar (AUD/CAD) pair, but be prepared for potential volatility as it can exhibit mixed movements. However, considering the market structure, we anticipate a significant upward movement to facilitate this, keep an eye on the 4-hour timeframe for favorable entry points. After this upward move,...
Anticipating a Bullish Turn Amid Recent Bearish Streak After experiencing a three-day bearish movement, gold has shown signs of a break in market structure, coinciding with the US Dollar Index (DXY) reaching its yearly high. These developments lead me to anticipate a potential bullish upswing in gold for the remainder of this week and possibly into the...
Traders, this week, we're expecting gold (XAU/USD) to go down because the US dollar is strong. Before that happens, there might be some ups and downs in the market, possibly due to short-term moves. But the key day to watch is Thursday. Gold could drop more as the US dollar gets stronger. The relationship between gold and the US dollar often guides the...
In analyzing the market for LTC/USD, there are a few factors that suggest a potential move to the upside in the coming days, followed by a subsequent drop as the dollar strengthens in the coming months, possibly around July. Firstly, the recent break of a low in the market could indicate a period of retracement or correction. When a market breaks a previous low,...
In this USD/JPY analysis, I will anticipate a potential bullish movement as the market approaches a crucial juncture. Currently, the price is consolidating near an important order block, coinciding with a significant trendline that has acted as a key support level in the past. This analysis suggests that a breakout above the order block and trendline could lead...
The EU currency has recently completed the B leg of an ABC pattern, suggesting a potential reversal to the downside. While there is a bearish bias in play, traders should be cautious and wait for reversal patterns to emerge before taking action. If no reversal patterns develop, it may be wise to stay out of the market and let the price continue its current trend,...
EUR/USD is currently exhibiting a bearish sentiment as it approaches the 15-minute and 1-hour supply area. The price has recently undergone a change of character in the 1-minute timeframe, indicating a potential selling opportunity. The key level to watch is the 1.09090 line, which, if broken, could confirm the bearish bias. On the 15-minute and 1-hour charts,...
EUR/USD has experienced a change in character on the 4-hour timeframe, indicating a potential pullback down for further continuation up, suggesting a shift in bias to the upside. The price has recently exhibited a bullish sentiment, and traders may now be looking for buying opportunities in anticipation of an upward move. On the 4-hour chart, the market has shown...
quick review on gj to the upside then fall it will go up alongside uj as it is also starting to rise
The EUR/USD currency pair has been experiencing a downward trend over the past couple days, with a downward trendline forming around the 1.05800 level. However, it appears that the market has recently broken this trendline and retested it around the 1.06000 area, indicating a potential shift in the trend. The break and retest of the trendline at this level can...
A rise and drop of the usd news of tomorrow woll be good Fib 61.8 hit Break and retest of broken trendline Potential of forming double top and dropping Potential to go top and touch the unbroken trendline from above
A down move to the 1.05s seems likely to happen as dxy pulls to reach new higher highs. May may seem to be the month to pull the euro back again to the tops
Going into the second half of the month my bias on gold is still a short bias and although many people seems to have a long bias but if we look at dxy is along in a strong phase so im still in a short bias for the gold coming 2 weeks.
Going into next week XAUUSD should be considered one of the best trade of the weeks if market unfold according to a markets structure and some fundamentals. After the fall of the XAUUSD, market gave us this long impulse to the upside. This impulse was without a doubt an impulsive move without showing any weakness to the downside. Going into next week many retail...
As gold now sits on the support area whiles DXY also went and visited the 93.00, this gives us more knowledge about where the market will be heading next. Going into next week we have to have a clear mindset of what the actual trend of the market is and try to squeeze along in order to archieve something. Risk management should be tight because gold can...