DXY has managed to pick up a reversal and looks to be heading back towards 0.382 / 200 SMA on the daily charts. This move could happen over the coming weeks.
EURUSD has reversed off of 0.618, a known fibonacci level. Looking at the candle data, we could see EURUSD drop down towards 1.11000 over the coming weeks / month.
A trade we sent out earlier and have locked into profit since going green, thought we would share it with everyone!
A trade we sent out and entered today, thought I would share it out in case anyone wants to jump on board.
DXY looks bullish towards 98 - EU will pull back down to test 1.12 support at this current rate. Enjoy!
Multiple areas of support that can be found before reaching TP, however the price is holding safely below 50SMA and fibonacci. Enjoy!
Unpopular opinion, but DXY looks to retest 98 before it's decline. From this NZDUSD looks due a pullback to the downside. Enjoy!
Nice short opportunity today after EURUSD did not correlate with the USD downside - may correlate on the retrace.
Holding at fibonacci as well as being supported by 50 SMA, large wicks showing support. Price may top out at 120.00 however should beat if ascending triangle is true to the price. Enjoy.
Capped at fibonacci with a potential head and shoulders pattern, the price needs to return back to it's smoothed moving averages. With the current riots and negative economics surrounding the US Dollar this week, this may be a case of JPY picking up speed for safe haven.... Enjoy!
Hello everyone! Here is our expectations for BTCUSD, make sure you check out our profile! We know it was an exciting bull run momentarily the other day but it is still looking bearish for this currency pair currently whilst it remains pinned below Fibonacci and also stuck within the channel. The purple support and resistance zone boxes are highlighted, I think...
Holding at Fibonacci, and Japan is taking a hit from COVID today.
USDJPY has just managed to withstand the DXY upside quite substantially and looks like it could continue to fall from this point. 106 was the original target, however I think 105.500 would be more suited due to the location of the fibonacci support zone.
Further downside is possible for this pair after resistance was identified. Furthermore, looking at the fibonacci resistance fan, the price has fallen out of it's main upside trend as highlighted in red and is falling through the different fan lines. Support may be found at the 107.00 region, however it will likely be stronger at the 106 / 105 levels.
Nice upside position available for USDJPY today now that we have found support at 50SMA. Strong risk reward so there is added risk, but well worth the entry.