PRICE TECHNICALS AHEAD 🚧 Dollar Index Dollar index has been tensing around 105.00 and 104.00 levels from last weeks trading activities to present time. 104.00 offered good support to push price back up during yesterdays trading activity. Today we have some major economic data on our calendar. Powell on the Podium ( USD) Lagarde on the Podium (GBP ) ECB...
PRICE TECHNICALS Price action has been held in a tight range. 150 pips rangebound from week open. Price during yersterdays trading session gave back its gains to now settle back at a support zone that was held up to from last weeks trading activity. This would look some a good area to buy, however things are very uncertain. Major Economic data coming out...
Price Technical Price action from previous week trading sessions saw price came off support around 1.2175. Currently that's my main support area to out to. However, above we have some medium term resistance holding price around 1.2230. Price has been pulling away that zone but maintaining its volatility around that area. Yesterday session saw some support...
Price Technicals Dollar Index Price came off resistance around 105.00 levels later on settling in around 104.00 as middle term support during last weeks trading session. Yesterdays trading sessions saw some sort of break from support turned to resistnace on DXY around 104.00 level. LIKELY BEARS BUILD.
Price action on the dollar has been on a tight range for the major part of last week. Lookf forward to this week trading opportinities. After hitting a major resistance level around 105. Price has been retracing back and forth around that area. Possibly we could see more bears in within the trading session.
Price Techincals Past previous sessions from last week have been very choppy on GBPUSD, price has been trading in some sort of a range. H4 timeframe has some good support around 1.2184. ABove we have resistance block that is holding price around 1.2320. Bullish momemntum could building up lets wait and see.
Price has been choppyn in a tight range in and out. Good scalping opportunities fo day traders. Swing traders still in the juice of things. Today should give a good opening of price direction.
Support was maintained around 1.2184. Volatile session during POWELL speach during NEW YORK session. Lets see what bulls might do this during todays trading session. No heavy fundamentals on on dollar. AUD carries the day with some RED news ahead. 1.2500 Should offer good resitance,
105.00 Resistance level tested well. To me this looks like good areas to short this commodity and BUY sister pairs like GBPUSD. #Letstrade
CPI data from London session came out Neautral at 9.1% maintaining from its previous record. Dollar BULLS came in heavy during the news release. 105.00 is my anticipated resistance level to look for short entries. My thoughs would be invalid if we have a break and close above that zone. #Letstrade
Yesterdays trading session was dominated by BEARs in the market. Todays CPI brought in more into the market. CPI Data coming out Neautral for the pound. My anitcipated support level is around 1.2150. My thoughts would be invalid only if i see a break and a close below that zone. #Letstrade
Risk 25pips Reward 50pips London Session trading opportunity DAY TRADING targets.
British pound againt the dollar most likely might be looking for support at around 1.2200. If price breaks and closes below the region then this will invalidate my bullish build up on the pair. Resisatance found around 1.2400 & 1.2500. #Letstrade
105.00 zone looks like a good resitance area to look for shorting opportunities. However, I break and close above that region would invalidate my bearish anticipation on the dollar index. Good support area at around: 103.50 102.142. #Letstrade