AUDUSD 4hour Analysis September 5th, 2021AUDUSD Bullish Idea
Weekly Trend: Bearish
Daily Trend: Bearish
4Hour Trend: Bullish
Trade scenario 1: The 4hour timeframe is now in a very strong bullish trend and looks like we could confirm a daily bullish trend as well if price action forms a higher low above 0.74000.
Look for the higher low to confirm and enter on strong bullish setups. Look to target higher toward resistance around 0.75000
Trade scenario 2: If we are to consider AU bearish we would need to see a break back below 0.74000 with a lower high below.
If this does happen that means this recent break could be a large fakeout!
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DXY (USD Index) 4hour Analysis September 5th, 2021 DXY Bearish Idea
Weekly Trend: Bullish
Daily Trend: Bullish
4Hour Trend: Bearish
Trade scenario 1: The usd has definitely been heading lower and has not shown signs of slowing down yet.
For now we’re looking for the trend to continue bearish and push lower into our monthly support around 91.500.
Trade scenario 2: For us to consider dxy bullish we would need a reversal at the current level around 92.000 with strong bullish setups. We can look to target toward 92.800 area if this happens.
CADJPY 4h Analysis September 1st, 2021We are currently in a consolidation period where we the market respects both support and resistance. So we just need to wait for a breakout either the support or the resistance. But we do have a long bias since the market needs to mitigate the higher timeframe zone.
GBPUSD 4h Analysis August 31st, 2021As we are trading at the resistance level we do expect sellers to kick in and push the market to the downside. Look for confirmation on lower timeframe to enter short and target the next previous low. The market could break above and be bullish but we need to wait for a breakout.