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EUR/USD - Forecasted Potential Setup for the Next Few DaysCurrently, the price is forming a descending triangle pattern. I expect it to take liquidity at the 1.07100 level before making another higher low. My focus is on the 1.07350 level as a potential entry point for short positions. Given that the price is down across all timeframes, I am not considering long positions at this moment. If the price breaks the daily highs, this setup will become invalid, and I will then look for long opportunities on a pullback. However, for now, my strategy is exclusively oriented towards shorts. Confluences: Forecast for negative DXY news on 27/06/2024, which is expected to cause a pullback. Anticipation of positive results in Friday's news, potentially causing a breakout in this pair and a test of the weekly highs for DXY. Like and comment if you agree with my setup idea.
Short
by Ryan-L
1
DXY 4H ( institutional price action )hello dear trader and investors there are 2 senario for dollar currency index: senario 1: We have a price gap.... from 2023 The indicator can fill it with its shadow around the area of ​​106.65 after testing the 106.65 price can drop ... senario 2: Let's wait for the 107 zone to see how the institutions want to play with liquidity... I expect a HH and a lower low, after removing the stop on both sides (buy and sell ), I expect the dollar to fall... stop loss need for any position good luck
TVC:DXYShort
by mehdi_kb
USDCHF: Detailed Support & Resistance Analysis 🇺🇸🇨🇭 Here is my latest structure analysis for USDCHF. Vertical Structures Vertical Resistance 1: Falling trend line Vertical Support 1: Falling trend line Horizontal Structures Support 1: 0.882 - 0.884 area Support 2: 0.872 - 0.875 area Resistance 1: 0.898 - 0.902 area Resistance 2: 0.908 - 0.911 area Resistance 3: 0.915 - 0.916 area Resistance 4: 0.919 - 0.922 area Consider these structures for pullback/breakout trading. ❤️Please, support my work with like, thank you!❤️
Short
by VasilyTrader
1
USD INDEX DXYLast one week we have seen a serious upward rise in us dollar index based on various positive and negative events happened. the us market and dollar is being controlled by various turbulent economic and geopolitical situations. In geopolitical aspects if israel hisbullah issue may bring usa into full on war support to israel against hisbullah in lebanon then the us dollar will fall drastically like hell. on the financial end if us treasury bonds moves good and new financial policies enacted the dollar will get more boost, but we expect a retracement of usd dollar index either from 105.57 area or from 105.88 area. if both these areas are breached then gold will fly to an area of 106.40 For more updates and market new follow us. Please boost us we can reach more people.
CAPITALCOM:DXYShort
by realmillionairefx
xauusd first buy and sell targets for monday marketthe last week our prediction of xauusd become 100% true, for monday we are posting a simple buy and sell target. more detailed analysis will be followed. buystop ; entry 2322 tp2332 sl better to hedge sell stop entry 2320 tp 2312 sl better to hedge The US Dollar emerged as the clear winner on Friday, buoyed by a robust performance in the latest S&P Global PMI data. In contrast, Gold prices tumbled after the data signaled continued resilience in the US economy, dampening expectations for aggressive interest rate cuts by the Federal Reserve. The Markit PMI data, a key gauge of business activity, surprised analysts across the board. The composite PMI for June clocked in at a healthy 54.6, exceeding expectations of 53.5 and remaining steady compared to the previous month's reading of 54.5. This broad-based strength suggests the US economy is likely on track for a solid second-quarter performance. Manufacturing Resilience: The manufacturing PMI also impressed, rising to a three-month high of 51.7. This figure surpassed forecasts of 51.0 and the prior reading of 51.3, indicating continued expansion in the sector despite ongoing global supply chain challenges. Booming Services: The services sector, which accounts for a larger share of the US economy, delivered an even stronger performance. The S&P Global Services PMI for June surged to a 26-month high of 55.1, exceeding expectations of 53.7 and the previous month's reading of 54.8. This robust expansion reflects healthy consumer spending and business investment, underpinning optimism for continued economic growth. Gold Feels the Heat: The robust PMI data sent shockwaves through the Gold market. Investors, anticipating a dovish pivot from the Fed due to potential economic slowdown, had flocked to the safe-haven asset in recent months. However, the PMI results suggest that the Fed may hold off on aggressive rate cuts, dampening the appeal of Gold. Spot Gold prices plunged after the data release, falling by over 1% in a single day and slipping below the crucial $2,330 mark.
OANDA:XAUUSD
by realmillionairefx
Dollar Winning Streak Extends Into Fifth Week! Time to Go LongI wanted to share some exciting news from the forex world: the dollar has extended its winning streak into the fifth week! 🎉 A key gauge of the dollar's strength continues to rise, driven by the ongoing uncertainty surrounding the timing of the Federal Reserve's first interest-rate cut. With the yen showing signs of weakness, the USD is shining brightly on the global stage. This is a golden opportunity for us traders to capitalize on the dollar's momentum. If you haven't already, now might be the perfect time to consider going long on the US dollar. 🌟 Why should you consider this move? 1. **Strong Performance**: The dollar's consistent growth over the past five weeks clearly indicates its robust performance. 2. **Market Uncertainty**: With the Fed's interest-rate cut timeline still unclear, the dollar is likely to remain strong in the near term. 3. **Yen Weakness**: The yen's current weakness further bolsters the USD's position, making it an attractive option for traders. Don't miss out on this opportunity to ride the wave of the dollar's success! Dive into the market and make the most of this winning streak. 💪 Happy trading, and here's to continued success in all your endeavors!
TVC:DXY
by bryandowningqln
BTCUSDThe cryptocurrency market capitalization has increased by 1.2% to $2.56 trillion. Bitcoin's gain contrasts sharply with the declines seen in altcoins. Ethereum rose by 1.3%. The main upward momentum occurred during the Asian morning session. As of this writing, Bitcoin's price appears to have moved away from extremes. Nonetheless, the latest momentum indicates that bears still dominate the cryptocurrency market. Bitcoin earlier fell to $64,041, the lowest level since May 15. Bitcoin has been on a downward trend for the past 12 days, significantly breaking below the 50-day SMA and the 76.4% Fibonacci retracement level of the January to March gains. Due to a shift in market sentiment, the crypto market has suffered significant losses over the past two weeks; however, it has not relinquished key support levels, showing signs of being undervalued. The Market Value to Realized Value (MVRV) indicator over a 30-day period indicates bullish signs for these assets. on technical side Bitcoin's price has dropped from around $67,300 to the support level of $64,041, forming a bullish "inverse head-and-shoulders" pattern. The observed uptrend today has broken through the channel's midline and the "neckline" of the aforementioned pattern. Therefore, from a technical analysis perspective, it can be reasonably argued that bulls are taking control by leveraging support levels. The RSI and oscillators support the rebound. The lower low formed on June 18 was not reflected in higher highs during the same period. This development, known as bullish divergence, typically leads to a trend reversal or short-term rebound. If the bulls are active and the overall outlook for the cryptocurrency market is optimistic, Bitcoin's price could increase by 6% to the previous resistance level of $71,280. In a negative scenario, a decline from current levels below the previous point of $64,041 poses further downside risks. Like us for more such updates. Boost us to help reach more people.
BITSTAMP:BTCUSDLong
by realmillionairefx
EURUSDEuro zone had made many financial plans to strengthen the economy. And our last analysis for eurusd was perfect with hitting target and earning good returns. the next week week expect a major upward movement for eurusd as dollar index is also expecting a downfall retracement from its upward movement which will inturn boost euro zone and weaken dollar. bullish target 1.0760 we will do more detailed analysis of eurusd once the market is open Follow us for more such updates Boost us so that we can reach more people.
Long
by realmillionairefx
3
Eurusd analysis: rising wedge pattern Eurusd now trading at 1.0744 is now showcasing a rising wedge bearish pattern, the major resistance point of 1.0755-1.0765 can become a potential reversal point. the current economical crisis happening in Europe along with major financial scenario of petrodollar issue can make euro crumble a bit comparing to us dollar. we expect a bearish fall till 1.0720 and further down can go till 1.0680 area. Alternative scenario. a break above resistance point of 1.0770 can further enhance the upward correction of eurusd. for more such contents and market related updates boost follow and share us
Short
by realmillionairefx
2
USDCAD: Your Trading Plan For Next Week Explained 🇺🇸🇨🇦 USDCAD nicely bounced from a key intraday structure support yesterday. The price reached a resistance line of a falling parallel channel. I believe that the pair has a nice growth potential. To confirm that, I will be waiting for a bullish breakout of a resistance line of the channel. 4H candle close above that will confirm a violation. A bullish movement will be expected then at least to 1.373 Alternatively, a bearish breakout of the underlined support may push the prices lower. ❤️Please, support my work with like, thank you!❤️
Long
by VasilyTrader
1
XAUUSD major support and resistance for the daysupport: 2348 2337 2327 2322 2312 2306 Resistance: 2365 2374 2388 2395 2404 2412 2421 The bottoming sign in the 1D timeframe is clear, but the upward momentum still falls short of expectations. If a strong uptrend forms today, we could see a high of 2,370 in the 1D timeframe, after completing this uptrend, we will then assess whether there will be a correction or if the bullish trend will continue. In the 4H timeframe, it is just lacking a bit of momentum for an uptrend. With another rise on Thursday to break through 2,342 and the Bollinger upper band widening, it will form a strong uptrend. This could lead to a significant surge, and combined with the target in the 1D timeframe, we could see a rise of about US$30 this week. like boost follow us for more market updates
OANDA:XAUUSD
by realmillionairefx