The USD is the strongest of the major currencies and in doing so, the dollar index (DXY) is also making a new high for the year. The index trades at the highest level since June 2020. Price Action: DXY has been in bullish trend and trading in bullish parallel channel (as shown in chart). This channel has been very reactive in the past. Currently price is...
Bitcoin has broken the important fib level of 61.8% i.e $44500 Level. Price is holding above it but under DMA. At the moment DMA is standing at 48200 which can cause minor resistance for the Bitcoin. The price action looks bullish if the support of 44500 level sustain. Do your own research before taking poistion in BTC. Tell us what do you think of it?
GOLD - APRIL SEASONALS LOOKS BULLISH Gold April Seasonal (2006 to 2021) Bullish: 11 Times Bearish: 6 Times April Stance: Bullish GOLD After making a double top of 2070 - 80, took the beating and come down. The breakout level is still intact and we remain watchful on the price action. If it manages to break above the cup and handle pattern the shinning commodity...
seems like index is making higher low buy after breakout is recommended
AUDJPY has given a breakout from 86 level which has been the strong resistance in the past. Since then it has rise more than 400 pips with no weakness. We have a harmonic bat pattern which can be the reversal point for the pair. Good Luck for Live Trade Leave your feedback in comment sections
USDCAD has approached to important rising trendline which has been playing active role since 1st June. The pair is also taking support from the Daily Moving Average. If price action supports here one can built postion for a good ride of more than 200 pips. Trade your levels accordingly. Leave your views in comment section.
IF breaks resistance then buy can be done with targets of 133.130 if breaks bullish ascending trendline sell with targets of 129.480
the last leg Stoploss 125.300 TP1 126.000 TP2 126.250
Bears in mood to take revenge sell at current levels with stoploss of 118.450 TP1 117.400 TP2 117.050
Tug of war results favoring bulls buy with Stoploss of 1.30000 TP1 1.31500 TP2 1.32800
tug of war seems to favors bears Sell at current level with Stoploss of 85.900 TP1 84.880 TP2 84.380
BULLS ready to make another move buy with stoploss of 1.27750 TP1 1.28500 TP2 1.29000
bears back again Stoploss 152.750 TP1 152.000 TP2 151.600
Bears seems to take control Sell at current levels with stoploss of 84.700 TP1 83.750 TP2 83.350
GBPCHF is trading in a bearish trend following by a bearish parallel channel . The current price is approaching to a support zone . We are expecting bulls to take over from here as price has already shown support in the past on these levels. Alternatively, breaking below the supports will call more bears in the party. Trade your levels accordingly.