Gold, this is what I'm thinking for this week and longer term: On the LTF (4HR) I think we'll fall at the start of the week due to: DXY strength Reducing momentum (MACD) Rejection at 1963.5 Localised LHLL's EMA7 and EMA20 crossing below EMA50 If I see a suitable entry around the current level then I'll be in, looking for a first TP around 1940 and...
I never trade DXY but I always have a tab open, I find this really useful when trading many pairs. My current take on the Fed and the US economy is: They were the first to respond to growing inflation Their tightening has led to interest rates of 5.5% (only matched by BNZ) They've hawkishly indicated more hike(s) Consumer confidence numbers this week...
I'm very bearish in AUD, fundamentally I think there's a chance we'll see another pause from the BoA this week. I see a strong US and though this may not play out in DXY, against weaker pairs the USD should show its current strength. Even before that, with short term USD strength and a weakening Australian Dollar I think we'll break through resistance and out of...
I never trade DXY but I always have a tab open, I find this really useful when trading many pairs. My current take on the Fed and the US economy is: They were the first to respond to growing inflation Their tightening has led to interest rates of 5.5% (only matched by BNZ) They've hawkishly indicated more hike(s) Consumer confidence numbers this week...
Price is bouncing off a key support level, which is a major swing low support level, hence we could see the momentum carry price up to its take profit target. Entry: Why we like it: 0.6062 There is a major support key level for a potential bullish reversal. Stop Loss: 0.5987 Why we like it: There is a swing low support. Take Profit: 0.6132 Why we like...
Here is my top-down analysis for Dollar Index. Ahead of NFP, the main focus are 2 structures: intraday support and a daily resistance. If the price breaks and closes above 102.73 - 102.92 area on a daily, a bullish movement will be expected to 103.33 Alternatively, a bearish breakout of 102.3 - 102.44 area and 4h candle close below that will be a strong...
Price is approaching a multi-swing high resistance level, and it aligns with the 50% Fibonacci Retracement level, which could cause price to reverse from here to our take profit target. Entry: 1.3385 Why we like it: There is a 50% Fibonacci Retracement and a multi-swing high resistance. Stop Loss: 1.3446 Why we like it: There is a pullback resistance. Take...
2023.8.4 USOUSD rose sharply yesterday Hello, I'm Older Duan. Today is Friday, August 4th 2023. Now it's 17pm Beijing time. Let me give you a quick comment on the technical forms of the current international mainstream varieties! First, what we see is the daily graph of the dollar index. As shown in the figure, the U.S. Dollar Index began to fall down...
Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. USDCAD has been overall bearish trading inside the falling channel in red, however it is currently approaching around the upper trendline. Moreover, the zone 1.345 is a supply zone. 🏹 So the highlighted red circle is a strong area to look for sell setups as it is the...
US new Jobs data is released every first Friday of the month. The news impact all pairs with USD. We also expect reaction in EURUSD. The preferred entry option is to reach the support zone and pullback. It will give a chance for buy with target, test of 1,1258 level.
– Previous Daily candle closed weak Bearish at 1934.200 as price ranged during the Thursday session forming a stronger Consolidation on the Hourly timeframe. – Buys on close above 1939.000 targeting the Daily previous Support formed on 28th July 2023 at 1944.300, Leaving Runners to the 4h Resistance formed at 1950.000. – Sells on close below 1931.000 targeting...
— BSO @ 0.7025 ⏳ — BLO @ 0.4900 ⏳ — SUPPORT @ 0.4115 ⚠️ TREND — Momentum: Big Picture Uptrend — Price Action: Downtrend Retracement — CounterTrend: NO (moderate risk trade)
— 4D CHART — PA is returning to MP — BLO @ 1.2475
We could very well push higher. But for the DXY to start some kind of reversal here, a break and close below this key level is step 1. We would then look for another repeated phase of distribution below current price to be very confident that a trend reversal could be underway on the 4H.
NZDUSD - 24h expiry - We look to Buy at 0.6050 (stop at 0.6020) Price action has continued to trend strongly lower and has stalled at the previous support near 0.6050. Price action looks to be forming a bottom. We expect a reversal in this move. Risk/Reward would be poor to call a buy from current levels. A move through 0.60100 will confirm the bullish...
Hey Traders, in today's trading session we are monitoring USDJPY for a selling opportunity around 142 zone. USDJPY was trading in an uptrend and successfully managed to break it out, currently we are waiting for a correction in order to see a potential retrace of the trend towards more lows. Trade safe, Joe.
After Setup for Long and has taken profit 200 pips. I am backing with 1 Setup for Short with Entry at 183.0x This setup is based on the SMC method and structure H4/D1 that I am using most of the time with previous ideas on Tradingview. My ideas trading are usually simple and straightforward I will update this Setup regularly Let's comment/like if you agree or...
Details on chart - looking to play the bias of the data and enter from there