In this video, we'll take a closer look at the charts we covered in our last live session, updating and explaining our analysis. Our focus will be on the following currency pairs: DXY, EURUSD, GBPUSD, NZDUSD, AUDUSD, EURCAD, and US100. We're currently seeing a lot of potential for dollar strength, but it's important to keep an eye on the upcoming CPI release on...
Just a wide overlook to the $ index daily chart What do think guys ?! Note: Not a trade idea!! TVC:DXY
Hi Everyone, I'm looking to buy (long) USDCHF since it has broken the bearish structure and it is currently trading above the order block created. I'm not rushing to buy it as we have got some news release later today, but I think this could be an awesome Risk:Reward trade. SL should be below structure, around 0.9200 and TP could be above 0.9500 Let me know your...
We just recently reached the breakdown target for the ascending h&s pattern with the pink neckline when price fell to 109.2. Our next target is for the slightly bigger head and shoulders with the bluish green neckline at 106.9 which we are now very close to reaching. the next breakdown target after that is for both the largest h&s pattern with the yellow neckline...
Considering a high probability of a retracement. there has been a rally yesterday, we are expecting a cool off for a while before targeting 113.500
The parabolic curve pattern DXY has been forming for over 16 months was broken on October 21st. DXY bounced at the 109.53 level and now appears to be retesting the curve. I see the following support levels if DXY is rejected at the curve. 1) At the previous bounce level (109.53) 2) Near the 105 level. 3) Near the 101 level. Thoughts: ...
USDCAD Intraday - We look to Buy at 1.3670 (stop at 1.3610) Previous support located at 1.3700. Previous resistance located at 1.3750. Indecisive price action has resulted in sideways congestion on the intraday chart. Risk/Reward would be poor to call a buy from current levels. A move through 1.3750 will confirm the bullish momentum. Our profit targets...
We can see this pattern’s breakout has definitely been triggered at this point and the price is heading closer and closer to the target that we called back in April. I will attach the chart idea from April near the bottom of this one. Only question now is do we reach 100% of the target. We still need to over come around 121 for it to confirm a higher high on the...
EURUSD Intraday - We look to Sell at 0.9719 (stop at 0.9791) The primary trend remains bearish. We can see no technical reason for a change of trend. A firmer opening is expected to challenge bearish resolve. A Fibonacci confluence area is located at 0.9740. Preferred trade is to sell into rallies. Our profit targets will be 0.9553 and 0.9525 Resistance:...
Traders and Investors, Dollar has been on a run again and it is moving towards our multi year target of 113 which we predicted nearly 2 years ago. Although it completed a W pattern and was inside an FCP zone, it did not have a substantial correction. On smaller time frames, it showed a little retaracement but that was not enough. The strength in dollar is taking...
USDCAD Intraday - We look to Buy at 1.3410 (stop at 1.3350) Previous support located at 1.3500. Previous resistance located at 1.3530. Further upside is expected. Risk/Reward would be poor to call a buy from current levels. Our profit targets will be 1.3530 and 1.3550 Resistance: 1.3530 / 1.3550 / 1.3600 Support: 1.3500 / 1.3450 / 1.3410 Please be...
USDCAD Intraday - We look to Buy at 1.3100 (stop at 1.3040) Previous resistance located at 1.3180. Further upside is expected although we prefer to set longs at our bespoke support levels at 1.3100, resulting in improved risk/reward. A move through 1.3180 will confirm the bullish momentum. Our profit targets will be 1.3220 and 1.3225 Resistance: 1.3180...
USDJPY Intraday - We look to Buy at 137.55 (stop at 136.67) The primary trend remains bullish. We look for a temporary move lower. Support is located at 137.50 and should stem dips to this area. Further upside is expected although we prefer to set longs at our bespoke support levels at 137.50, resulting in improved risk/reward. Our profit targets will be...
GBPUSD Intraday - We look to Sell at 1.1898 (stop at 1.1951) The medium term bias remains bearish. Previous support level of 1.2003 broken. There is scope for mild upward pressure at the open but we look for selling interest to resist gains. Preferred trade is to sell into rallies. Our profit targets will be 1.1744 and 1.1700 Resistance: 1.1900 / 1.2003...
GBP USD has been in a persistent downtrend for much of the year as the DXY has been strong. On the weekly chart, the price in the past week did a "buy Pop" up crossing the EMA8 and EMA13 lines, The relative strength topped up and downturned while on the MACD, the lines have been long below the histogram but in the mast week a K and D lines...
-RSI inverse H&S formation, looks to be gaining strength and passing test at 50 RSI -Downward trend (orange trendlines) was broken. Now DXY is trading in a parallel channel (white borderlines, gray centerline) and has been bouncing off the bottom like a pinball and then hanging around the midway point of the channel consistently. -MACD is curling up and...
USDCHF Intraday - We look to Buy at 0.9941 (stop at 0.9919) Trading close to the psychological 1.000 level. 20 4hour EMA is at 0.9931. There is no clear indication that the upward move is coming to an end. A lower correction is expected. Our profit targets will be 0.9997 and 1.0007 Resistance: 1.0020 / 1.0040 / 1.0060 Support: 0.9990 / 0.9970 / 0.9940 ...
USDJPY Intraday - We look to Buy at 133.29 (stop at 132.49) The primary trend remains bullish. The continuation higher in prices through resistance has been impressive with strong momentum and shows no signs of slowing. We can see no technical reason for a change of trend. Further upside is expected although we prefer to buy into dips close to the 133.00...