We saw another rejection from a long standing descending dynamic trendline on Friday, I'm expecting a fall from here back down to support around 1.4275. Will be closely watching action around the 1.435 mark, but overall we're printing HH's and HL's on the higher timeframes (although still within a range), let's see what happens but I think we're definitely headed...
AUDUSD D1 Similar setup here for the aussie/dollar. We managed to get off the ground a little bit faster here as compared to cable. That being said, we also got caught with that liquidity dump and spike, which punctured support and stops before flying higher. I feel we may see some rejection at 0.63800, before then gearing up to break upside, largely depending...
DXY D1 Today, or at least this morning is all about waiting for these corrections to unfold and settle. The DXY is being used to compare against FX pairs, and we are just waiting to see whether this resistance price holds, or breaks. Like I say, we aren't looking to trade just yet, merely try and get some consensus of direction early on in the week, we can...
EURUSD is trading in a long-term bearish trend. After the price set a new lower low at the beginning of October, the market started a correctional movement within a bearish flag pattern. Closely monitor a support of the flag next week, its violation - a daily candle close below, will be a strong bearish signal. A bearish continuation will be anticipated then...
In this video, we conduct an in-depth analysis of the DXY (US Dollar Index). Our focus lies in deciphering the pronounced bullish trend observed on higher time frames. Throughout the video, we explore prospective price targets and trading opportunities, delving into trend assessment, price action, market structure, and a conceptualised trade proposition. Please be...
– Previous Weekly candle closed Bullish around 2006.000 breaking above Strong Key Level (2000.000), Friday Daily candle also closed Bullish breaking out of the recent Daily Consolidation Zone – Buys on close above 2010.000 targeting Weekly Resistance formed on 8th May 2023 around 2017.000, Leaving Runners to the Weekly High formed on 15th May 2023 around...
Pair : DXY Index Description : Completed " 12345 " Impulsive Wave and " A " Corrective Wave , It will Complete its " B " Corrective Wave at Daily S / R Level. Falling Wedge as an Corrective Pattern in Short Time Frame with the Breakout of the Upper Trend Line and Retest Entry Precautions : Wait until it Completed Reject the Falling Wedge or S / R Level
Multiple time frame analysis for EURUSD. Daily/4h/1h outlook. Price action & important key levels. Bullish bias explained. ❤️Please, support this video with like and comment!❤️
Dollar Index is trading within a horizontal trading range on a daily. The price tested the resistance of the range yesterday and formed a doji candle on that. As an extra bearish confirmation, I spotted a double top formation on an hourly time frame. I think that the Index will most likely retrace from the underlined red resistance. Targets: 106.35 /...
HELLO TRADERS , Double-Top Patterns Indicate Market Rally Could Be Nearing End as i can see the chart DXY is holding a support zone and trading under the trend line so outer middle east tensions are increasing day by day no ceasefire happen soon in coming days war is spreading to other nations that not good for $ it had still not touch 107.40 level in this...
EURUSD seems to have broken a channel and made a pullback. The EMA50 has just gone under the EMA200 and we seem to be rejecting the 200 aswell, this would signify potentially the start of a downwards move, over next week we can see if this develops further. I Have attached another post which is more on the daily timeframe of EU.
Thinking we're starting to see JPY strength, this is because it can't stay so weak for so long imho. Weak currency suits Japan as an exporter, to a point, but massively affects it's buying power, I do feel like we're approaching the end of this cycle of Yen weakness, by the end of this year. I think this pair broke the rising trendline but has struggled to get...
We are currently seeing some bullishness on this pair with regards to the 1-hour timeframe. We have marked out our zone, as we would expect the market to retrace before moving further to create higher highs. We have the market on the 1 hour timeframe currently making a Bullish PB, and we have done a bit of trade setup, looking and waiting to catch the longs trade...
As promised, we are here with the 4-hour chart analysis. If you have been following our analysis for a while, it would be absolutely clear to you from our charts that we are in a 4-hour bearish swing. The harmet is heading for the daily liquidity target below. We are currently experiencing a bullish retracement on the 4-hour. This is necessary as the market never...
We have seen this pair progress Bearish over the past few days. On the 4 hour and the 1 hour charts, which would be our primary focus for this analysis, the market has been Bearish. But today we have seen a trend shift on the 1 hour. the 1 hour chart has turned Bullish today. Taking a close look at the 4 hour (using the multi time frame analysis taught by Panzy...
The pair jut landed on a strong support zone. I just opened a long position, I know there is no price action yet but I prefer to deal with a tight SL, also It could shoot up overnight while I'm sleeping :D. On the other side, the Dollar looks strong among other pairs.
– Previous Daily candle closed Bullish around 1984.900 closed above Daily Resistance formed on Monday this week. – Buys on close above 1987.200 targeting 1h Resistance formed around 1992.500, Leaving Runners to the previous Weekly High to fill the wick around 1997.600. – Sells on close below 1978.900 targeting 30min Support around 1973.300, Leaving Runners to the...
Hey folks, As we can see DXY on the upper boarder of its range. On higher TF we didnt have any pullbacks yet. Short for me will trigger if we set below monthly POC!