As we can see is rejection of the over shoot zone of whole number 1.6000 after the forth failure to break the zone would of have been a great opportunity to enter for a good 250 point buy!! we shall say see if market breaks the previous high of last week. if not we could see a nice bearish dive once more. trading disclaimer: study and enter at your own risks...
As we can see the short went as planned. Could definitely see pushes even lower. Like to see the price level 95.00 tested this next couple weeks. update next tues.
a little prediction for the DXY for the first quarter for 2021. Update in a few weeks to a month.
definitely could see higher pushes upward. Looking back from first analyse , was correct . even the line placement was original , no changes
Now looking back to the December 6th chart publish. The Analyse was correct and now its time for the holidays. check back up later this week to see how the over shoot zone is played out. good day everyone.
Short went as planned. now lets watch and see how the market plays the whole quarter number 1.6000 after the new year
All is explained in the chart. If any questions feel free to message
As you can clearly see the pair has broke below the weekly high with a retest and a clear bearish push is expected to whole number 1.6000. As you look at the chart in the 1 hour time frame you can see it just enter zone 2 and is expected to stay there for the rest of the week and possibly the majority of next week. I hope you all enjoyed the chart and the info.
As we see here is market making lower high and failing higher quarter levels. and closing price failing first quarter high today shows a decline euro while golds value still remains high. why everyone knows the Australian dollar is commodity backed . could see push to lower level perhaps. 1.6000
trade went like expected and is why I trade dxy amongst other markets. check previous dxy publish for comparison.
All is marked down on the chart except for the fact that to take in fact the inflation rates and market was bearish most of the 4th quarter of the year which leads me to believe bearish continuation: 1) bearish market cycle. 2) market has failed 1.6250 hesitation zone multiple times last 2 months even with the 3 pushes in the reversal last week or so. 3) also...
any question just ask. educational purposes only. not intended to be taken as a signal
just checking to see the cycle of the markups for london, newyork and Asian market sessions. It was a slow Monday as expected see which way market breaks tomorrow. Update Wednesday.
basic markup not using typical retail methods. this is for educational purposes. If anyone question feel free to message me here or on my facebook @ Thomas edgar brown jr.