price at a significant support level .. am looking for buying opportunities
Price broke out in respect to dollar strength, we can see that was an impulsive move to the downside and we should expect a correction. price broke out from 0.7 7500, we can also see price with testing a resistance turn support at 0.77070.. that's a HL traders we should expect a HH to complete the correction
With the DXY currently making HH and HL, we should be looking for major sells . my TARGET is around 0.73700 ..
Aud showing weakness to the upside... Failing to make a HH
based on my technical analysis, AUD just bounced off a strong support off the channel...we should be expecting buy opportunities
Please follow price action... Price is way oversold on the h1, and needs to correct... Aiming 34pips
The dxy is at its lowest point we should be seeing more of buy this week.... Look for confirmations and then get a good entry point I'm going for long time buy
NFP news has just been released and the data not favoring the dollar thereby taking the euro dollar to the sky@ 1.21594, we can also see that there wasn't any significant pullback. price is currently at a major resistance dating back (11 jan 21), we should expect a pullback or a retest off 1.20700 and lets not also forget that there's an imbalance between 1.20362...
Nzd bouncing off the resistance... And gradually stepping down..
lets wait for a perfect retest ....and rejections to the down side..
usd showed good signs of strength pushing all majors down...lets catch the short term buy
PRICE failing to make a higher high....... and gradually stepping down
PRICE failing to break above 0.77582 and also showing rejections to the up side.. bearish momentum seems to be kicking in
USD is at its lowest point and retesting the resistance turned support