XAUUSD exhausting evidently around this 2185 price. Previous legs upside have rallied significantly and moves sideways (consolidated). We are now starting to see price scallop over and exhaust somewhat. LTF structure break is currently active and this could be the start of a deep correction from swing low of 2040 to swing high of 2195.
🇺🇸US100 D1 Another stock index markup here, for those that had a watch of the weekly watchlist video, you would have seen the detailed analysis on this, but we are simply waiting patience for a test of this 17k price, a huge psychological price with ATH’s, D1 resistance and supply. A truly strong area of confluence, and a rejection here would be amazing,...
🇺🇸DXY D1 Lots of consolidation seen on the dollar index over the last couple of weeks, and we don’t really have any true indication of where we want to direct. The daily trend is still active and pointing to the downside, I’d just like a little more confirmation that we are seeing bearish control again. The targets on this basis would be 100.00 as previously...
US30 H1 Lots of opportunity here on US30 over the last few days, we are really pushing that extreme resistance price and all time high of 37800. And then seeing some aggressive rejections, forming this healthy 300 point from from circa 37750 to 37450. I still anticipate a bearish breakout. This would be really healthy and attractive for us, if we break 37,000,...
FTSE100 D1 Caught in the range between the alluring 7725 sell zone and the steadfast 7275 support price. This range encompasses a substantial 450-point span, bridging the chasm between resistance and support, offering enticing opportunities on both sides of the spectrum. Notably, FTSE100 has been graced with compelling wick rejections, particularly in recent...
Much like the preceding analysis of XAUUSD, we find ourselves with GBPUSD and EURUSD, both poised to follow a somewhat parallel trajectory. Our anticipation centers on a modest downward movement, targeting approximately 1.26, before setting the stage for long positions. Our optimism hinges on the prospect of witnessing the DXY approach the anticipated 103.000...
In accordance with the aforementioned analysis of the dollar index, we are poised for an impending descent, targeting the elusive $2000 per ounce mark—a significant psychological threshold that has remained elusive for substantial trading conviction thus far. Our objective is to bridge the gap and reach the lofty heights of the $2150 per ounce level observed on...
DXY D1 The dollar index has drifted lower, aligning with the latest developments and insights pertaining to the battle against inflation and central bank interest rates. We witnessed a significant downward move, sliding from 104.000 to 102.000, amounting to a substantial 200-point drop. Subsequently, we are observing a modest rebound, mirroring the overarching...
We were trading south of that $2000/oz price during recent trade, pulling as low as $1975/oz. Again, upside moves witnessed follow FED outlook, a lot of the pairs we follow and trade revolve around the USD and thus a soft USD means ***USD climb higher. Still focussed on that $2000/oz support price, the D1 trend is still valid and pointing to the upside,...
GBPUSD H8 Here is the analysis on GBPUSD, following the signal we posted, closed and fell just short of by 2 pips before flying a solid 210 points. Fuelled by the FED and BOE, both yesterday and today. A rejection from this 1.27200 price down towards 1.26 could be the corrective retest we are looking for. The market bias and direction is now very much evident.
Bullish trend still valid on GBPUSD here, as we sit amongst this 104 handle on the DXY we await a rejection to sail back down to 103 and subsequently 102, 101. Similarly, we see complimentary structure amongst EURUSD too. As mentioned, not expecting anything too exciting today due to market conditions.
DXY D1 Riding the waves of the recent dollar sell-off with style!Currently, we're witnessing a sweet relief rally, flirting with the impressive 104.000 mark and teasing to go even further🚀 Mondays are notoriously chill on the economic data front, and today is no exception. Brace yourself for the excitement, though – tomorrow promises to be the real showstopper!...
XAUUSD D1 Here we can see gold on the daily timeframe, an exciting week last week to say the last, with some big swings seen towards ATH’s and subsequent pullbacks and deeper corrections, testing that $2000/oz handle. We bounced from $2000/oz to around $2008/oz, but this was merely, 0.6R. We are really looking for some defined daily support here on this key...
DXY H8 DXY is currently maintaining its position at the key resistance level of 104, demonstrating resilience at this significant whole number price point. Despite hitting this zone yesterday, we observe a relatively subdued level of market activity. It appears that the markets are in a wait-and-see mode, anticipating a potential surge in trading volume driven...
XAUUSD is currently in proximity to the resistance level at 2035. A decisive breakthrough above this threshold holds the potential to rekindle bullish sentiment, especially in correlation with the anticipated decline in DXY, aligning with our earlier analysis. While keeping a watchful eye on the unfolding market dynamics, it's worth highlighting the identified...
FTSE100 D1 Since breaking south of 7720 during the start of May 2023, we have held this range between 7720 and 72250 support since. Sell zone is between 7700 and 7720, a 20 pip zone. With take profit targets, or our buy zone sitting around 7260 to 7280.
DXY D1 The dollar has sold off a healthy amount from swing lows to swing highs here, but we are now sitting on a key point of pivot. We could look to trade higher in line with a break of trend as indicated, or lower with a continuation of trend. Sitting on the sideline for the moment until we can see some sort of confirmation confirming either of the above.
GBPJPY is flirting between this 185 support price and 188 region, a solid 300 point range, we are hopeful to see a pullback and another opportunity to enter long from this 185 psychological price zone. From here we can look to targets 1R, 3R, 6R respectively. A lucrative setup, with lots of mileage upside, nothing to say we can't target 190.00.