Dollar weakness confirmed major resistance zone. Divergence confirmed
-Retest of breakout zone -Dxy weak so Indicies to rise
1)key support arear 2)confluence Zone. NB: Markets are usually unstable in last quarter of year so you need to trade carefully and expect Spikes and alot of manuiplulation.
1)trend line retest 2)break of trendline to up side 3)pivots level for bullss (double bottom complete)
-Simply a breakout happened and we expecting a retest to occur before we continue down. -Order blocks in play As the month is coming to end next week bulls are expected as indicies are bullish Towards month end.
-Dollar index is at Resistance level,therefore looking for dollar weakness. -If you look at monthly time frame you will see we at Support level. -Pivots System also shows we at support level (all these pointer show confluence at this level for bulls.
-Fomc this week expect Dollar to drop -Resistance area we currently at is very strong, price will react in this zone.
Dollar weakness expected using Elliot's wave count and zone on Daily. Also Cpi tomorrow 13th Sept should drop it.
Expecting a Impulse move on us30 (retest of trent line twice confirms bulls in charge). monthly Pivots bullish zone confirms this move
Neckline of inverse head and shoulder (predicting weakness of Dollar and the index also shows weakness.)
Evening Star forming on USDJPY Resistance zone. All USD pairs setting up for weakness. and Dollar index soon.
We in bullish market now on indices as every month end indices tend to strengthen. little pull back before continuation.
Breakout of down trend Elliots wave count (retracement) Dollar weakeness
Dxy dropping on all pairs and indices now rising which is confluence of Dollar weakness, Gold also moved out of consolidation(breakout we wait for retest and buy long term.)
DXY WEAK NOT confirmed with dxy,gold and usd/jpy. Turned at key Mitigation Zone which is also Monthly Pivots Resistance zone.
We sitting on support of previous trend. we need to retest the breakout.
USD is weak therefor we expecting Gold to push up. Gold is sitting on support,just ranging to push up.