Welcome to 2024 Traders and Tradingview community. So far this week, we have seen plenty of volatility to start the new year. Crypto has seen solid moves, and the USD has been mainly positive into the first week of the year. The JPY has also been seeing movement, but mainly to the downside into 2024. It's the majors that have caught our attention today as we...
EURNZD Long Direction: potential for going up to 1.72 area
EURAUD Long Direction: potential for going up to 1.5680 area
AUDUSD Short Direction: Potential for going down to 0.7370 area
As per this chart, EUR/USD starts marching for (B) 1.1426 level. Next move (C): 1.1370 level.
US Dollar Index (DXY) has completed B wave within ABC up zigzag cycle. Final up move of C is in progress & within extension. The 3rd wave of C wave is moving up in 3rd subwave as indicated in chart. It is moving as expected in previous updates. But keep the eye on invalidation level, which if breaches then the count will invalidate.
US Dollar Index (DXY) has completed (W)(X)(Y) in 4 hr time frame. Now it is moving up in ABC zigzag move, which is shown in 30 min time frame. It has completed A wave impulse followed by B wave zigzag movement. Now moving up in C wave. It is in 3rd subwave of C wave. Invalidation level must hold to retain count.