In our last analysis, the DXY TVC:DXY moved as we had anticipated. Right now the bullish scenario is dominant, but DXY is overbought and hit a resistance. So there is a chance that price make some retracement. Our technical view has been shown in the chart. If you like it then Support us by Like, Following, and Sharing. Thanks For Reading Team...
Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. 📈 NZDUSD has been overall bearish , trading within the falling wedge pattern in blue. Currently, NZDUSD is in a correction phase, approaching the lower bound of the wedge. Moreover, it is retesting a strong demand in green. 🏹 Thus, the highlighted blue circle is a strong...
The USDJPY pair has been trading within a Channel Up pattern since the July 14 2023 Low on the 1D MA200 (orange trend-line). Currently it is about to exhaust the 2nd Bullish Leg of this Channel as it approaches its top (Higher Highs trend-line). It begun with a Low on the 1W MA50 (red trend-line) and then a Higher Low on the 1D MA200. With the 1D RSI overbought...
The U.S. Dollar Index (DXY) hit the first out of our two bullish targets (January 24, see chart below), and despite a minor divergence, remains well within our pattern: That is the 2nd Bullish Leg of the long-term Channel Up pattern. We are past a 1D Golden Cross with the short-term pull-back finding support on the 1D MA50 (blue trend-line). The last 1D...
This is my Intraday analysis on EURUSD for 12 Apr 2024 W15 based on Smart Money Concept (SMC) which includes the following Time Frames: 4H 15m 4H Chart Analysis 1. Swing Bearish / Continuation INT Bearish 2. Expectations are met for the INT Structure with the Bearish iBOS. Currently price targeting the Weak Swing Low. 3. Price...
As we come to close out the week Im feeling like the bearish pressure for the week is over. We could possibly get a pull back from this zone before they continue with bearishness next week.
The NZD/USD is rising towards a resistance level, which is a pullback resistance that aligns with the 61.8% Fibonacci retracement; it could reverse from this level to our take profit target. Entry: 0.60459 Why we like it: There is a pullback resistance level which aligns with the 61.8% Fibonacci retracement Stop loss: 0.61050 Why we like it: There is a pullback...
The price is falling toward a support level, which is a pullback support level that aligns with the 61.8% Fibonacci retracement; it could bounce from this level to our take profit target. Entry: 0.90583 Why we like it: There is a pullback support level which aligns with the 61.8% Fibonacci retracement. Stop loss: 0.89995 Why we like it: There is a pullback...
The price is falling toward a support level, which is a pullback support that aligns with the 61.8% Fibonacci retracement and could bounce from this level to our take profit. Entry: 1.36138 Why we like it: There is a pullback support level Stop loss: 1.35554 Why we like it: There is a pullback support level Take profit: 1.37245 Why we like it: There is a...
GBP/USD is rising toward a resistance level, which is an overlap resistance level aligning with the 38.2% Fibonacci retracement, and could reverse from this level to our take profit. Entry: 1.25932 Why we like it: There is an overlap resistance level which aligns with the 38.2% Fibonacci retracement. Stop loss: 1.26741 Why we like it: There is a pullback...
Overview: The DXY Dollar Index is currently undergoing intricate price action dynamics, characterized by fluctuations within key levels. Understanding these levels and potential scenarios is crucial for navigating the market effectively. Key Levels: 1. Support Levels: - Notable support lies at , representing a significant area where buying pressure has...
Current Market Overview: The EUR/USD pair has recently reached a significant support zone and has broken below a key trend line after experiencing some fluctuations within this zone. This breach signals a potential shift in market dynamics. Technical Analysis: 1. Support Zone: The pair has reached a crucial support zone, suggesting a potential reversal in the...
The current EUR/USD exchange rate stands at 1.08251. Earlier, in the opening market, there was a break of the trend line over an 8-hour period. Presently, the market seems to be retesting that break and experiencing a pullback, suggesting a potential opportunity to sell. There's a possibility that the price might return to the channel for what could be a false...
Attention Traders, In today's trading session, we're closely observing USDJPY, pinpointing a potential buying opportunity around the 152.900 zone. USDJPY maintains its uptrend trajectory, currently navigating a correction phase as it approaches the critical 152.900 support and resistance area. Adding depth to our analysis, let's delve into the fundamental...
Hey Traders, in the coming week we are monitoring EURUSD for a selling opportunity around 1.08800 zone, EURUSD is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 1.08800 support and resistance area. Trade safe, Joe.
Now is a very good time to get into USDJPY long positions & target the $153 price point. Offering a good 600+ PIPS profit! Bare in mind this the 1D TF, so be generous with your SL & give market breathing space.
We could possibly see a minor dip down on USDJPY as a correction, but overall we are still bullish. The top of the market is not in yet🤙🏽
Despite the DXY aggressively correcting itself, USDJPY has managed to stay firm & correct itself through a consolidation phase, rather then dropping as well. We still remain in our USDJPY buy positions & holding towards $153.300🤙🏽