Look at the DXY, we are now all programmed to accept that markets are doomed, and we must sell all risk assets, however, DXY is quietly fading. Right now, DXY has broken the parabolic curve on the 3-day chart with double bearish divergence on RSI
Expecting some bullish continuation momentum and might pullback after breaking 115 , but we must aware of Thursday 13 Oct 2022 , Inflation Datas (CPI) !
We are still not trading EURUSD and waiting for better entry opportunity. Current price levels are important to determine what will be the next move. Right now, EURUSD doesn't give us any entry confirmations but we will be waiting for the 0,9643 level. In case of rejection around that level, we will have to see if price will gain enough strength to continue...
The euro fell further to $0.97 during the second week of October, closing close on a 20-year low of $0.95 set on September 27th after a positive US employment report boosted the currency and supported Federal Reserve interest rate increases. This occurred after a positive US employment report boosted the currency and supported Federal Reserve interest rate...
BITCOIN has really been struggling to separate itself from the DXY since the 26/09/2022. If you can predict the top of the DXY you will find the bottom of BTC. I will be doing some Elliott wave analysis on the DXY over the next couple of days so stay make sure you follow for more up to date analysis.
Forgot to upload yesterday, bullish on the dollar looking for a new high.
#EURUSD - Currently, the market sentiment for EUR is slightly on the DOWN SIDE. The main reason is that the dollar continued to strengthen on Friday's LABOR DATA. At that time, US LABOR DATA made the dollar very strong. As of today, all MARKETS, including STOCKS and COMMODITIES, were slightly DOWN due to MARKET RISK OFF. If more rate hikes happen, it will...
I am expecting the Pound to rise against the Dollar, in a corrective play. We are currently seeing a correction take place on a bigger scale, playing out in an A-B-C wave. Wave A - Complete✅ Wave B - Nearly Complete👇🏽 Wave C - Pending🔺 Drop me a follow for more free analysis✅
✅ $ 1696 Reached ➡️ +140 Pips ✅ ✅ $ 1675 Reached ➡️ +350 Pips ✅ The last analysis was : By examining the gold chart in the 4-hour time frame, we can see that the price finally managed to penetrate below $1696 with the announcement of the NFP rate, and this factor was an important reason for BMS ! The next important levels are marked on the chart, monitor the...
As we can see market coming to Demand zone in my opinion Gold fly from 1668-1660 in h4 time frame .... what is your idea ?
DXY: At the sell-harmonic retracement area, the levels expected to drop are indicated on the chart... with the importance of not breaching the retracement area by closing
in the last 4 pushes, as is normal in an uptrend, the prices in the rising phases have been supported by upward volumes, the last push denotes a first buy / sell technical change, and the current upward push shows downward volumes , the first sign of weakness of the dollar, if volumes do not rise today and tomorrow we could see resistance on the last high. this...
Hi Traders, Investors and Speculators Ev here. Been trading crypto since 2017 and later got into stocks. I have 3 board exams on financial markets and studied economics from a top tier university for a year. Daytime job - Math Teacher. 👩🏫 Here's a quick 4min outlook at on the crypto markets as a whole, by using the total cryptocurrency market cap (currently...
EUR/USD resistance is 0.9712 and 0.9751. Support is 0.9658 and 0.9614.
To answer this question, we need to look at the following: 1) US Strategic Petroleum Reserve The US Strategic Petroleum Reserve is currently at its lowest level since 1984, while the absolute level is worrisome, the speed of the drawdown on the reserve over the past year is more concerning. In an effort to combat rising prices and possibly secure the...
Price is almost at the lowest low of the overall structure. So I'm expect a reversal soon on the higher time frame. My style of entry on the higher time frame. Stay tune lower time frame will be posted soon...... Thanks for reading AS ALWAYS TRADE SAFE AND STAY SAFE!
EURUSD - Intraday 9pm UK expiry - We look to Sell at 0.9814 (stop at 0.9880) The primary trend remains bearish. A bearish Head and Shoulders is forming. We look for a temporary move higher. Resistance is located at 0.9800 and should cap gains to this area. Preferred trade is to sell into rallies. Our profit targets will be 0.9667 and 0.9600 Resistance:...