BTC - 4H bullish signsThese are three bullish legs with a 25% rise, and now the Bitcoin price had a good reaction to the last base/pivot. A strong rise with a weak fall can make us sure about a rise at least to the previous high.
Dollar
DXY is rising, target 106.5 (3/25/2024)Hello Traders
After the FED interest rate decision, USD markets faced some volatility, now it seems the DXY market has decided its direction.
DYX had an upward momentum from "28 Dec 2023" until mid of "Feb 2024", we faced some correction after that until 8 March when NFP and Unemployment news were released.
Since then DXY has been rising slowly but surely,
We expect this bullish momentum to stay alive until mid of "April 2024" with a 106-106.7 target.
DXY has made an AB=CD pattern. The AB leg and the BC leg have been made, so we believe that the market right now is going to build the CD leg.
Our technical view has been shown in the chart.
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Team Fortuna
-RC
(Disclaimer: Published ideas and other Contents on this page are for educational purposes and do not include a financial recommendation. Trading is Risky, so before any action do your research.)
USDZAR to 13 rands per dollarBased on the chart, Im seeing nothing else but a sell from here. Weekly has a crazy divergence between the price and the RSI.
A Top was created in February 2016.
Range 19 to 20 rands is a liquidity area. from here if price does not break above 20 rands, then expect more price drops from here.
Based on my TA, from November 2023 till 22 January 2024 we were in a correction cycle to complete wave cycle 2, so from here im expecting a further drop for wave cycle 3 an Impulse down which always comes after correction, then once wave cycle 3 is complete then i will come with an update because we need to also have wave cycle 4 and 5.
So basically this year is gonna be changing for Rands against dollar. Im just here wondering on whats gonna happen with the S.A politics which is gonna lead to rand gaining strength against the dollar, but lets watch and we gonn see. Im just excited for this year man.
EURUSD - Short Trade IdeaBearish trade idea on EURUSD.
The next DOL/Target from my point of view is the REQLs below 1.0795 at the first objective.
My POI to look for a short is within the 12h Sibi residing not too far away which is also a Unicorn setup. There is news on Tuesday, either to initiate the manipulation and reversal, or continuation of the reversal that will happen today (Monday, 25th March 2024). This is what I am anticipating and will wait for price to show evidence of a reversal before initiating a short.
- R2F
UJHad a beautiful setup with this last week, added entries along the way. Had a buy limit which wasn't triggered but the forecast was correct. Our aim is to be the best meteorologists out there.
Current price is consolidated, which indicates that we are about to have an impulse (demand order). This will help us determine which direction we set our orders. Opening will also help give us perspective on where and what we need to look out for.
But we did get a double top, so we should expect a bear run but it is not certain or guaranteed yet. If we close below 150.500 then we can start looking for entries.
TRADE IDEA : wait for price first Sell Stop
SL - 151.25
Entry - 150.45
TP -146.5
EURUSD: Important Key Levels to Watch Next Week 🇪🇺🇺🇸
Here is my latest structure analysis
and important key levels to watch & trade on EURUSD next week.
As always, consider these structures for pullback/breakout trading.
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Dollar Index (DXY): Bullish Imbalance & Bullish Outlook 💵
Dollar Index broke and closed above a key daily horizontal resistance,
forming a strong bullish imbalance.
The broken structure turned into a demand zone.
I anticipate more growth.
Next resistance - 104.85
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DXY : A bull run?Before anything ,
I have spent 8 years navigating the financial markets, with Level 3 CFA and a Master's in Finance under my belt, I've seen my fair share of trends.
The value of the US Dollar Index is influenced by several factors, including decisions by the Federal Reserve (Fed), US government actions, and the overall health of the US economy. The Fed's monetary policy, statements by the US administration, and US economic data all play a role in how strong the US dollar is compared to other currencies.
and you can check this link and take a look on the technical bias: www.investing.com
As we can see a Resistance level at 104.42-104.45 and a Support level powered by a fair value gap on daily time frame at 103.2-103.8.
DXY hello everyone, price has reached the major support area, the price is starting to pick up from the support area, price will likely test 104.2 or above if the resistance breakout..
goodluck
Is DXY about to pump to 105.??Based on the daily chart, I'm expecting a correction to 105 before bearish continuation. If 105 does not hold then we like will see dollar getting strong, so that leaves a question of whats gonna happen to pairs trading against the dollar?? but I am expecting 105 to hold, then from then bearish continuation to complete wave 5 since if 105 holds then our wave 4 will be around that price.
In summary:
Pump to 105 is expected.
105 breaks then expect 108.
105 holds then expect further drop on DXY till new Lows below 100.
BUY GOLDGold is looking ripe for a buy, entry at 2154, stops below 2148 our targets as high as 2176. Use proper risk management.
Expectation for todays fomc is a weak dollar.
DXY, broken support becomes resistance?!DXY / 1D
EURUSD / 1D
Hello Traders, welcome back to another market breakdown.
The dollar index has been trading in a trading range, the price seems to reject a key level. I'll wait for the previous S/L level to ride this leg down after price action confirmation on lower time frame.
Trade safely,
Trader Leo.
XAUUSD Technical Analysis 20th March 2024 1h chart– Tuesday Daily candle closed weak Bearish around 2157.600 as price rejects the previous Daily Low, I’ll be looking for potential Buys above 2163.000 targeting 4h Resistance around 2169.500 and next 4h Resistance around 2175.000, I’ll be looking for potential Sells below 2151.300 targeting 1h Strong Support around 2144.300 and 30min Previous Strong Resistance around 2135.000. High Impact News ahead of the New York session for the US Dollar for Bank Rate decision which may bring High Volume to the market.
Trading with the Risk-Off Sentiment 🐻📉 Hello Traders! Welcome back to another Top-Down Analysis of EurUsd. I've found that only trading 1 Pair/Instrument is a great way to reduce your risk exposure in the markets. There are a few reasons for this --- 1) I only have to pay attention to the news announcments for the -EUR & -USD 2) The currency pair has it's own nuances and characteristics that I may not understand If i were to trade many pairs.
3) It's session-session behavior is easier to follow since I'm only following 1 pair
With that said, Eur/Usd did decrease over the previous session as I anticipated and called out in the Analysis. This was for a few reasons.. Market sentiment has shifted to risk-off slightly due to increasing inflation and better than expected NFP jobs data (also boosts inflation). We also have interest rates in 2 days and there is uncertainty about that.. (even more of a reason to buy the safe haven dollar)
Next target for shorts is 1.08510.. In the meantime it is possible that we may pullback to 1.089 Daily resistance level that was created today for a last minute retest before more downside to come. I have a strong Bearsh bias leading up to interest rates here
0'0 intro and monthly timeframe
1:41 weekly timeframe
3:02 daily timeframe
517 4hr tiemfame
8:01 1hr timeframe
DXY Index Can Go Up by Classical Technical Analysis Pattern🚀🏃♂️The DXY Index is moving in the 🟢 Support zone($102.87-$102.43) 🟢.
📈 Regarding Classical Technical Analysis , the dollar index has successfully formed an Inverse Head and Shoulders pattern .
🌊According to the theory of Elliott waves , the dollar index has completed a Zigzag correction(ABC/5-3-5) in the 🟢 Support zone($102.87-$102.43) 🟢.
🔔I expect the DXY Index to rise to at least the 61.8% Fibonacci level and Resistance lines .
U.S.Dollar Currency Index ( DXYUSD ) Analyze, 1-hour time frame⏰.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy; this is just my Idea, and I will gladly see your ideas in this post.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
DXY: Will the Fed hike rates and give the dollar a boost?Attention Traders,
In today's trading session, our focus is on DXY, where we see a potential buying opportunity around the 103.500 zone. DXY, after trading in a downtrend, appears to be gearing up for a breakout. Should we witness rallies surpassing the 103.500 resistance area, we'll be eyeing a retracement of this breakout towards higher levels.
Now, the big question on many traders' minds: Will the Fed hike rates and give the dollar a boost? Recent indications from the Federal Reserve suggest that rate cuts are off the table for the time being. Moreover, the United States is experiencing sustained inflationary pressure, as evidenced by both CPI and PPI figures consistently surpassing expectations. Additionally, the labor market remains robust. Considering all these factors collectively, the stage seems set for the US dollar to outperform its counterparts.
Stay sharp and trade wisely.
Best regards,
Joe
XAUUSD Technical Analysis 19th March 2024 1h chart– Monday Daily candle closed weak Bullish around 2160.400 forming weak Daily Support around 2156.000. I’ll be looking for potential Buys above 2164.400 targeting 1h Resistance around 2172.000 and Weekly Resistance around 2179.200, I’ll be looking for potential Sells below 2154.400 targeting recent 4h Support around 2147.300 and next Hourly Strong Support around 2140.500. As Daily formed weak Daily Support for Monday, If price break below 2146.100 during High Volume Time there will be a higher probability for price to continue bearish to at least 2030s.
Red Previous Weekly Candle Vs Weak Usd Data🛡️⚔️Hello Traders.. Another new week of trading ahead. No news announcements to kick off the week so expecting some smooth price action. Monday's can move nicely as volatility is typically lower. It's during the end of the week when we observe more aggressive trends and thats when you can really let your winning trades run. Coming out of the Weekly candle closure from last week, we may observe a continuation of bearish momentum towards 4hr zone 1.0873 or the next daily support level 1.08516. We also should consider the weak data that came out for the USD on Friday.. Consumer sentiment and Manufacturing data both missed expectations and the Daily candle for Friday closed Bullish.. In this case we may observe an increase towards extreme level 1.090 flat.
0:0 Monthly Timeframe
1:14 Weekly timeframe
2:30 Daily timeframe
4:10 4Hr timeframe
6:48 1Hr timeframe
DXY ambiguityTVC:DXY
The monthly trendline is so strong, but please keep in mind that the US is "under attack".
I think something will happen to push the DXY to break the ATH.
But a fake breakdown is also possible.
Just prepare both possibilities.
XAUUSD Technical Analysis 18th March 2024 1h chart– Previous Weekly candle closed Bearish around 2156.000 forming Daily Resistance around 2179.500, Friday Daily candle closed Bearish breaking below recent Daily Support formed on Wednesday last week. I’ll be looking for potential Buys above 2160.800 taregting 1h previous Support formed at 2166.800 and 1h Resistance around 2172.600. I’ll be looking for potential Sells below 2152.800 targeting 4h Support around 2146.200 and 1h Strong Support around 2140.500. Despite the Friday closing Bearish breaking below recent Daily Support it would be ideal to wait for the new Daily candle to form a top wick first before breaking the lows to have a higher probability for price to continue bearish.
EURUSD: Detailed Structure Analysis 🇪🇺🇺🇸
Here is my latest structure analysis and important key levels
to watch on EURUSD next week.
Consider these structures for pullback/breakout trading.
❤️Please, support my work with like, thank you!❤️
DXY:Strong inflation data and potential upsidesHey Traders. in tomorrow's trading session we are monitoring DXY around 103.300 zone, DXY is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 103.300 support area.
Trade safe, Joe.
USDJPY: Your Trading Plan For Next Week 🇺🇸🇯🇵
USDJPY is testing a key daily horizontal resistance.
The price formed a double top formation, approaching that.
To sell the market with a confirmation next week,
let the price break and close below 148.97.
It will be a strong bearish confirmation.
The price will drop then at least to 148.65 level.
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