During the year 2023, gold has shown an upward trend against the US Dollar. This has resulted from the conflict in Ukraine and the political tensions the USA has had with China, Russia, and other countries. When such events occur, investors consider gold a safe haven and invest in it.
For those who haven't seen my post about DXY (US Dollar Index), I suggest you...
My students, whom I have taught how to trade forex, have almost two years that they know that the price is likely to reach 200.00.
If we look at it with a naked eye, without technical analysis, just by recognizing chart patterns, we see a double bottom formation, whose neckline has been broken and retested. The next move? Towards the resistance at 192-200. (3M)
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For all those who haven't seen my latest post on the dollar index, I invite you to read it at the following link:
Keep in mind that the movement of EURUSD depends heavily on how DXY will move.
EURUSD is currently near an important zone as its strength is being retested in a new uptrend. As you can see in the 3M highlight, we are currently retesting the...
It is crucial that before we start analyzing currencies that involve USD, we begin with the analysis of DXY or the Dollar Index.|
If we go back 3 months, the Dollar Index has completed a DOUBLE BOTTOM.
At this point, it has currently formed a bullish Engulfing Candlestick, and in my opinion, it is re-testing this point.
In the monthly view, we are...
GBB/AUD - November 25, 2023.
From the most preferred currencies of thousands. Perhaps that's why I forgot about an active trade for 5 months, and it had gone exactly 10K pips in my favor. Anyway.
As we are at the end of the fourth quarter of 2023. If we go back and analyze GBPAUD in 3 months, it gives us an image of a double bottom. The double bottom has been...
Hi everyone,
As you can see from this monthly chart, BTCUSD has been on an uptrend since the beginning of January 2023, forming a series of bullish candlesticks, consolidating between around 37,700K and 25K from April to mid of the year.
In general, I don't expect a direct rise in BTC/USD as I anticipate a drop to levels seen at the beginning of the year (around...
