Gold and the DXY have a high negative correlation. As long as this correlation holds, traders can get clues as to where Gold may be headed based on the direction of the DXY. This explains why we had a lot of Bull pressure generally on Gold so the last couple of weeks Let me know what you think
"BOS" was broken here and price has a slow momentum to the downside because of the wicks and there is no impulsive close below. Normally when we have a "BOS" there tends to be a break out and break back in and usually it the next 3 candles after the break out because liquidity is being grabbed below before some impulsive move upside This is why am targeting the...
Price needs to mitigate the demand zone below to cover the imbalance formed before a retracement upwards ..What are your views, let me know in the comment section below
A break of chart pattern and close of the candle with wicks rejection in the S&R is a confirmation of a sell..
An S&d region has been mitigated and is responsible for pushing the price. Hope we get to take out the previous high What do you guys think ...
US 30 is falling . and we expect price to continue to the yellow trend line acting as a resistant point
Clear trend continuation We need to watch out for the next zone
Following the CPI news, the GBP/USD is likely to have a trend continuation
Price is expected to get to the valid zone The chart shows the decline in USD/JPY as a rather small percentage of the larger bullish advance. Therefore, a lot more is needed before a reversal can seriously be considered – particularly given that US and Japanese interest rate differentials will be increasing.