GBPUSD Analysis Long Bias on monthly Sequence, still there is a room to reach the Supply Zone (1.3761 - 1.435)
- Short Bias on the Monthly Sequence - New Area of Supply at the Weekly - At the daily and to go short; either the price will do a bigger retracement to the daily Supply Zone (1.14450 - 1.15135) then possible shorts or the price has to break the Demand Zone (1.12941 - 1.12345) then possible shorts
- DXY Long Bias at the Monthly Sequence - Still there is a room at the Monthly to reach the strong Supply Zone - The weekly retracement to 95.807 is done as we mentioned last week - At Daily, there is 20 EMA confluence
Over all Long Bias on Monthly Sequence, Monthly Demand Zone in Control, Price is trying to reach the Monthly Supply Zone (1.3761 - 1.4359) On the Weekly; a new Demand zone is created with a weekly Bullish Engulfing pattern On the Daily; a new area of Demand has been created where possible longs from this area (1.2939 - 1.2886)
DXY Analysis Expecting bigger retracement after the price reached the Weekly Supply Zone, A Daily Demand Zone has been eliminated, Possible Longs from the Daily Demand Zone (95.556 - 95.182)
Crude Oil Analysis Week 18-22/2/2019 Long Bias At Monthly Chart; a demand zone in control with a very strong monthly bullish engulfing At weekly chart; Demand zone is formed with several ERC candles & 2 bullish engulfing, aggressive longs all the way to the weekly supply zone (74.040 - 78.314) At Daily Chart; a new Daily Demand Zone has been formed after the price...