Dollar
CABLE #GBPUSD Can push into 1.40 zone on Risk off moveExpect continued #DXY weakness and corresponding risk on moves across the board
The Pound is a good example that has already triggered a Bullish upside move.
Yet still has decent room to move on up.
#GOLD #BTC #STOCKS can continue ripping with the tailwinds of #Dollar softness.
EURUSD - DailySimple trading - Consolidation
Let's take advantage of a potential Weekly swing!
Below is the weekly chart showing a potential zone for the price to bounce back and forth between the monthly highs and lows.
EURUSD has already poked above the previous week's high. wait for the price to pull back and test the PWH and we can sell confidently with strong bearish price rejection.
*These are my thoughts, not financial advice.
GOLD XAUUSD DETAILED VIDEO ANALYSISyesterday after the cpi xauusd breached major resistance zones and touched our bullish target of 2421 extending up to 2425.
TODAY we have explained the possibilities of our market in video section. And we will bisect the major support resistance point along with pivot.
⬛PIVOT POINT
2395
🟩SUPPORT
2403
2404
2395
2385
2377
2362
🟥RESISTANCE
2414
2424
2433
2438
2442
2450
2465
❇️BOTH THESE SUPPORT AND RESISTANCE CAN BE USED AND BULLISH AND BEARISH ZONES RESPECTIVELY
on us market section there is a major news of ppi which will decide more direction and momentum in todays market.
we willl do more detailed analysis on ppi.
PLEASE FOLLOW SUPPORT AND BOOST US
SHARE OUR IDEA
DXY D1 - Long from 104.000 DXY D1
This really wasn't the expectation of the market open we were anticipating. Given the Trump assassination attempt, I was expecting some more market uproar, for US stocks to fall and XAUUSD to climb. As you would expect from typical risk off markets.
The reason for this, is market uncertainty and follow up headlines. That being said, we are very early on in the trading day/week. Lots to come out this week, expecting a week full of volume and excitement. 104.000 has been the play for some time now. We simply continue this until this zone break and other trading ranges are formed.
Macro View Shows 2-4 Month Max And Then It Starts!Traders,
Some rather ominous signs are showing in various markets not least of which includes the U.S. housing market. As you know, we have been periodically tracking the USHMI as a key leading indicator to show us where and when our coming U.S. (perhaps global) recession begins. We are close if we have not already begun, but I imagine there will be no ability for denial in about 2-4 months time. Before then, markets may continue to blow off and I still expect Bitcoin to hit our 85k target. Today we'll review our USHMI chart along with other key charts for further clues mapping future trajectory.
US30 - Dow Buy OpportunityThe Dow Jones (US30) has reached a critical support zone, aligning with an support trend line. This confluence of support provides a strong foundation for a potential upward move. If the price holds above this zone, we can expect a rise towards the resistance. Traders should watch for bullish signals and consider long positions with appropriate risk management strategies.
R2F Weekly Analysis - 8th July 2024 (ICT Concepts)Welcome to another R2F Weekly Market Analysis using ICT Concepts along with my own discoveries. I'm going to go through various assets/markets, and give a real-time view of how I perform my analysis on the weekends. I'll give my take on what has been happening, and what I'm expecting in either the coming days, weeks, or months. Without further ado, let's get into it!
My short-term bias for DXY has switched to bearish. I am looking for a possible lower move on the Dollar Index this week, which should offer some shorts on EURUSD and GBPUSD, the pairs I usually trade. Check out my analysis in the video. I hope you found it insightful.
- R2F
Is It End Road for the BEARS...?Hey Guys!
On the larger timeframe of the Monthly, Weekly and Daily, we see this market is bearish.
Over the past few days leading into weeks, we have seen the market gravitate to the north to reach higher prices. We are tempted to believe that all of that bullishness was to drive the market into our expected bullish reversal zone.
Market price is currently inside our Daily zone. We are looking to see reversals.
Where that happens, we will look to trade bearish.
In the unlikely event that the market breaks our zone and clears our protected high, we will deem come to the conclusion that the bearish of the daily chart is over, and we will look to trade Bullish on the Daily.
Until then, we will hold on to our bearish perspective.
AUDUSD D1 - Long SignalAUDUSD D1
We are on the big daily timeframe here for AUDUSD, breaking the previous resistance price level of 0.67. This was a considerable daily resistance price for us. We are now simply looking for a subsequent retest of this zone to see if we can find support on this price level.
If 0.67000 holds as support, we can likely look to position ourselves long with targets of the previous daily high price, nearing 0.68800 price. Circa 180 points.
DXY H8 - Bullish Signal DXY H8
Not a huge amount of movement during the trading sessions yesterday to start the week. We have seen some big, big moves across the likes of XAUUSD and US30, but not much in the FX space. Really hoping to see something pick up off this 105.000 support region.
We have drawn this horizontal black line to highlight this 105.000 handle, and what we would like to see to warrant bullish continuations.
The bearish play was instigated last week from the US cluster data, I think this week we shake it off and continue upside towards that 106.500 price.
XAUUSD analysis for the week 1/07/2024 to 05/07/2024
After touching just above the $2,290 support level on Wednesday, gold prices surged higher intraday. This level has proven to be a formidable support barrier since April, consistently reinforcing itself as the lower boundary of a sideways trading range.
This range has encompassed the majority of price action since April, indicating a neutral mid-term outlook. In the short term, gold is likely to continue oscillating within this established range.
Momentum indicators provide promising signals:
RSI (Relative Strength Index): The RSI has broken above the neutral 50 level, suggesting an increase in buying pressure.
MACD (Moving Average Convergence Divergence): The MACD has made a bullish crossover, indicating a potential shift in momentum towards the upside.
Analysis Summary:
Trend : The recent intraday movement above the $2,290 support level points to a clear upward trend.
Momentum: Bullish signals from the RSI and MACD suggest a positive shift in momentum.
Strategic Recommendation:
Primary Strategy: Buying the dips is recommended, as the strong support level and bullish momentum indicators signal further price increases.
Target Levels:
First resistance target: $2,337
Subsequent resistance target: $2,348 2362 2377-85
Conclusion:
With a clear upward trend, a robust support level at $2,290, and bullish momentum indicators, gold prices are poised to rise. Investors should consider buying on dips, targeting the resistance levels at $2,337 , 2347, 2362, 2377 and 2385.
DXY H4 - Buy SetupDXY H4
The dollar index has been steadily climbing since it last reached the significant support level of 104.000. We have observed higher highs and higher lows until recent trade (Friday). The release of NFP/AE and UE figures on Friday caused market volatility, notably impacting XAUUSD.
Despite breaking through south of the 105.500 level, we have found some support around 105.000. If 105.000 level holds, we could see a rebound, potentially targeting the 106.500 level once again, which has always been our eventual swing target.
Dollar Index (DXY): Very Bearish Outlook
Dollar Index leaves multiple bearish clues on a daily.
The market broke and closed below a support line of a rising wedge pattern,
then the price violated a key horizontal support.
Looks like sellers will keep dominating.
Next support - 104.5
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