themarketknight

themarketknight

Good morning, traders. Yesterday, we witnessed a push down in the dollar and an upward move in EUR/USD. We're still trading within a range, and we noticed the first sign of weakness in the dollar index as it failed to make a lower low. Today, we have news releases that can influence the dollar, so exercise caution when trading dollar pairs. We're patiently waiting...

themarketknight

With the BTC/USD pair, we've entered a mid-range area. Our TP1 (take profit level) is here, primarily to secure a small profit. Currently, our bias is short-term bullish. However, we're anticipating two substantial bearish consolidations in the near future. If we observe a robust market reaction, we'll close our long positions and let the market provide new visual...

themarketknight

Good morning, fellow traders! The recent bullish run of the Dollar has been rather straightforward. However, now we find ourselves in a state of insufficiency, and we've decided to take partial profits on the EUR/USD pair. Our outlook for the week ahead is quite straightforward. Our entries will consist mainly of scalps with durations up to 15 minutes. Today, we...

themarketknight

We are currently observing the US Dollar trading in a sideways pattern, situated just behind the daily supply and demand zones. This situation has resulted in the accumulation of a significant number of stop-loss orders on both the sell and buy sides. Additionally, there are fundamental drivers expected to impact the Dollar later this week. Given this scenario,...

themarketknight

Good day, fellow Global Chart Surfers. Let's dive right in. The dollar's volatility came to life with bullish fundamental news yesterday, leading to some extremely profitable scalps in EUR/USD. The game plan is to look for retracement during the London session and anticipate a significant move during the New York session today. The weekly lows in EUR/USD seem to...

themarketknight

Good morning, fellow traders. It seems that Asia is pushing the price higher towards a liquidity pool. They might run into a higher Order Block, which could potentially lead to a price reversal. The same situation appears to be happening with the USD index. It's essential to keep a close watch on these developments. There's no need to rush into trades, especially...

themarketknight

Today's CPI news is keeping the dollar in consolidation mode. However, when we look at the weekly BTC chart, we can visually see that this week's volume is closing significantly higher than last week. This indicates that there's a short-term bullish order flow in play. The big question is how far this momentum will take us, but it's crucial to remember that we've...

themarketknight

When we consider August and its typical volatility, we've seen some unusual corrections in recent years, along with unexpected spikes in volatility. The dollar still has some upper levels to reach before a potential decline. So, if we keep that in mind and the dollar tests higher levels, it logically suggests that BTC/USD could trend lower. Let's keep a close eye...

themarketknight

Yesterday's dollar news, CB Consumer Confidence and JOLTS Job Openings, stirred up some action. Dollar's shorter-term structure got a bit bearish, and our buddy Bitcoin against USD? Well, it's painting a bullish distribution vibe on the weekly lower range. Here's the scoop: we at Global Chart Surfers are just sitting tight, waiting for that bullback signal. Once...

themarketknight

Good Day folks! 🌟 When the economy takes a tumble and things get rough, everyone starts looking for safe havens. And guess who's the cool kid in that club? Gold, baby! It's like when the world gets chilly, everyone rushes to wrap themselves in a warm golden blanket. 🏆 Here's the scoop: global economic woes are no secret. There's a whole lot of financial...

themarketknight

We find ourselves in a range-bound scenario at the moment. It's important to note that our weekly bias remains bullish. Now, the question arises: will it be supply or demand that propels us out of this range? A key factor to monitor is the movement of the Dollar Index (DXY), as a potential decline could provide us with a clearer direction for Bitcoin. As we...

themarketknight

Here's a representation of the 4-hour volume candles that have opened, along with the movement of the volume profile during this period. This data provides valuable insights for scalping strategies, allowing you to ride the momentum generated by volume. Remember, staying aware of the volume behind your trades can be incredibly beneficial. We're committed to...

themarketknight

Cowabunga, fellow financial wave rider! Looks like you've caught the gnarly market vibes and are riding the Bitcoin waves like a true champ. Your approach to those support and resistance flips is textbook rad – those levels are like the sweet spots where the action goes down. And whoa, you're not just gliding on the charts – you've got your eyes on the...

themarketknight

Currently, we're hanging out on the BTCUSD wave, right in the cozy confines of that weekly Demand inner zone. 🚀 Bouncing around like we're on a trampoline, dancing between supply and demand in those lower timeframes. We're making these cool higher lows in the volume department, like we're gearing up for a market Correction. Now, about those sells? Nah, not in...

themarketknight

Hey there! So, like, the Dollar's just hanging out all cool in that weekly supply zone, while the Euro to USD is, you know, chilling down there in the last-level liquidation zone. We've got these totally rad volume divergences happening, and who knows, come Monday, the EuroUsd could totally catch some epic waves and make some gnarly moves! So, dudes and dudettes,...

themarketknight

Currently, we've hit that sweet spot in the liquidity game with our amigo Dollar. 🌊💰 If this was the algorithm's secret destination, the path ahead could be downward-bound. But here's the kicker: if our buddy Dollar decides to take a chill pill and start its decline, EURUSD might just get a taste of that untested high-volume level from the previous week. You know...

themarketknight

Good morning, fellow early risers! 🌅 The EURUSD pair seems to be chillin' right in the middle of its range, playing the consolidation game. But here's the kicker: if we shift our gaze to the maestro itself, the DXY, it's kind of hinting at a journey to fill up that liquidity capper. Translation? 🤔 In the short term, our pal Dollar is flexing its bullish muscles,...

themarketknight

Hey there, fellow seekers of the groove! 🌊🏄‍♂️ So, we've been riding the inside candle wave according to our weekly outlook. We cruised back to that weekly supply zone, got a bit of a reaction at the naked point of control. Now, we're caught in the mist, not really sure which way the wind's blowing. And Dollar? Yeah, it's holding its weekly low like a champ and...