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DXY (USD Index) 4hour Analysis September 19th, 2021 DXY Bullish Idea Weekly Trend: Bullish Daily Trend: Bullish 4Hour Trend: Bullish Trade scenario 1: We’re still very bullish on the USD overall and it looks like it will continue. Currently we can see price action will most likely continue into resistance around 93.800 where we will have to re-analyze. If we see a higher low above 93.000 that will be acceptable for a continuation of trend as well. Trade scenario 2: For us to consider the dollar bearish we would need to break back below 93.000 first. If this happens it is likely price action will fall to 92.500 support.
TVC:DXYLong
by ForexLeague
US30 Daily Analysis September 12th, 2021US30 Bearish idea Weekly Trend: Bullish Daily Trend: Bullish 4Hour Trend: Bearish Trade scenario 1: All timeframes are mainly bullish but we’re seeing what looks like an attempt at a 4hour transition. We saw rejection around 35000.00 and current bearish setups are confirming a reversal. From here we’re looking for a lower high below 35000.00 with strong bearish setups to enter short on. Trade scenario 2: For us to consider US30 bullish we would need a 4hour transition. Ideally, a break above 35000.00 with a higher low.
OANDA:US30USDShort
by ForexLeague
XAUUSD 4hour Analysis September 12th, 2021Gold Bearish idea Weekly Trend: Bearish Daily Trend: Bearish 4Hour Trend: Bearish Trade scenario 1: We are looking bearish again but we need to be patient as we’ve seen gold range for a while. For us to enter short we need this recent lower high to follow through with strong bearish setups. We’ll look to enter on strong bearish confirmations that break minor support or on a confirmed retest of 1787.00 Trade scenario 2: To consider gold bullish again we would need to see a 4hour transition but keep in mind price action would be right back in the range between 1800 & 1825.
FX_IDC:XAUUSDShort
by ForexLeague
EURJPY 4hour Analysis September 12th, 2021EURJPY Bearish Idea Weekly Trend: Bearish Daily Trend: Bearish 4hour Trend: Bearish Trade scenario 1: We’re looking full bearish now! We just saw a perfect lower high right after a break of 130.000. We can find some lower timeframe entries now or in the next few hours if price action pullsback again. Trade scenario 2: For us to consider EJ bullish we ideally need to see a break above 130.000 with a higher low above. We’ll look to enter long after we see bullish confirmations following the higher low.
Short
by ForexLeague
AUDJPY 4hour Analysis September 12th, 2021AUDJPY Bearish idea Weekly Trend: Bearish Daily Trend: Bearish 4Hour Trend: Bearish Trade scenario 1: We’re seeing some strong bearish volume stepping in here and we officially have a 4hour transition with the confirmation of a lower high. From here we’re looking for support at 80.750 to break with a lower high below. We have a lot of room to fall if this level breaks so be patient. Trade scenario 2: For us to consider AJ bullish we would ideally need to see a higher low above 81.400 with strong bullish setups.
Short
by ForexLeague