DXY LOCAL BULLISH BIAS|LONG|
✅DXY went down but
Has retested a rising support
And we are already seeing a
Bullish rebound so we will
Be expecting a further local
Move up
LONG🚀
✅Like and subscribe to never miss a new idea!✅
J-DXY
GOLD SHORT TO $1,964 (4H UPDATE)Gold is currently hovering around its ATH. I think we will see price consolidate and fluctuate quite a bit around this zone, in order to trap early sellers. After enough sellers have been trapped, only then will we see price shoot up towards a new ATH of $2,516 - $2,540.
This is the zone I will look to start shorting the market again, as we will have seen a Wave 5 completion according to the Elliott Wave Theory.
DowJones - 4H Bearish SetupBLACKBULL:US30 has been exhibiting signs of bearish pressure, despite recent upward movements. The chart shows a significant decline below the ascending trendline. The recent upward movement appears to be a pullback, potentially setting up for further declines. Two key resistance zones have been identified on the chart, where the index may face renewed selling pressure.
Fundamentally, the broader economic environment is contributing to the bearish outlook. The possibility of a recession looms large as the Federal Reserve has postponed rate cuts in response to persistently high inflation. Rising unemployment claims are another concern, signaling potential economic weakness. These factors are creating an environment where risk assets like the Dow Jones are likely to struggle, and any rallies may be short-lived.
The current pullback in the TVC:DJI could provide a better entry point for those looking to short the index. The key resistance levels identified on the chart could serve as optimal zones for initiating new short positions, with the expectation that the index will continue its downward trajectory.
Given the macroeconomic uncertainties and technical setup, traders should remain cautious and consider the potential for further declines in the Dow Jones Industrial Average. This cautious stance is supported by both the chart analysis and the broader economic fundamentals.
XAU/USD : Be Ready for another Fall ! (READ THE CAPTION)By examining the #gold chart in the 2-hour timeframe, we observe that last week the price closed at $2431. I expect that with the market opening, after an initial rise to the range of $2442 to $2455, the price will likely decline again. The potential targets for this decline are $2417, $2405, and $2400, respectively. This analysis will be updated tomorrow.
Please support me with your likes and comments to motivate me to share more analysis with you and share your opinion about the possible trend of this chart with me !
Best Regards , Arman Shaban
Buy Gold (Xau/Usd) Bullish FlagThe XAU/USD pair on the M30 timeframe presents a potential Buying opportunity due to a recent downward breakout from a well-defined Bullish Flag pattern. This suggests a shift in momentum towards the Upside in the coming Hours.
Key Points:
Buy Entry: Consider entering a Long position around the current price of 2474, positioned close to the breakout level. This offers an entry point near the perceived shift in momentum.
Target Levels:
1st Support – 2496
2nd Support – 2506
Stop-Loss: To manage risk, place a stop-loss order below 2450. This helps limit potential losses if the price unexpectedly reverses and breaks back upwards.
Your likes and comments are incredibly motivating and will encourage me to share more analysis with you.
Best Regards, KABHI FOREX TRADING
Thank you.
Sell USD/CHF Triangle BreakoutThe USD/CHF pair on the M30 timeframe presents a Potential Selling Opportunity due to a recent breakout from a Triangle Pattern. This suggests a shift in momentum towards the downside in the coming hours.
Possible Short Trade:
Entry: Consider Entering A Short Position Below the Broken Trendline Of The Triangle After Confirmation. Ideally, This Would Be Around 0.8640
Target Levels:
1st Support – 0.8602
2nd Support – 0.8570
Stop-Loss: To manage risk, place a stop-loss order above 0.8686. This helps limit potential losses if the price falls back unexpectedly.
Your likes and comments are incredibly motivating and will encourage me to share more analysis with you.
Best Regards, KABHI FOREX TRADING
Thank you.
DXYSELL on the theory markets ranges 70% of the time, and SELL on the theory markets retraces half of the previous leg 90% of the time.
I would get in now.
XAUUSD to reach 2500?Currently trading just under the 2475 price level, with the US CPI due to be released later
Look for possible downside on the DXY which could, due to its inverse relationship, drive gold higher.
If the price breaks above the 2480 price level, the next resistance would be at 2500 as a round number and psychological barrier.
GBPJPY below 190If the GBPJPY stays in the current consolidation or stays below the 190 price level
Look for weakness in the DXY to drag the USDJPY lower, which could present downside opportunity for the GBPJPY as it breaks the bullish trendline and the support level of 188
EURGBP rises The EURGBP spiked up following GBPUSD weakness from the release of the CPI data.
Currently trading along the 50% retracement level, look for the price to break above to trade up to the resistance level of 0.8625
Potential Upside for AUDNZDIf the NZDUSD continues to weaken (due to RBNZ surprise rate cut) and the AUDUSD holds/strengthens...
Look for the AUDNZD to break above the 61.8% fib retracement level for further upside to the swing level at 1.1145
RBNZ Cuts, UK CPI Slows, US CPI Pending14th August
DXY: CPI data pending (below 3%), break below 102.50 could trade down to 102 support level.
NZDUSD: Buy 0.5990 SL 20 TP 90
AUDUSD: Buy 0.6660 SL 30 TP 60
GBPUSD: Buy 1.2875 SL 25 TP 60
EURUSD: Buy 1.1025 SL 30 TP 100
USDJPY: Sell 146.20 SL 40 TP 200 (needs to stay below 148)
USDCHF: Sell 0.8625 SL 30 TP 60
USDCAD: Sell 1.3700 SL 20 TP 45
Gold: Climbing higher, above 2475 will see 2480, beyond that will see 2500
GOLD → ATH retest before CPI. What should we expect?FX:XAUUSD is defending the psychological level and support zone at 2450 and testing key resistance at 2477 for a breakout, ahead of 2483. All eyes are on key US CPI inflation data
Traders are still expecting a softer CPI report after a larger than expected decline in PPI data released yesterday. A softer CPI figure may confirm forecasts of an aggressive Fed rate cut, which will intensify the USD sell-off. This situation may trigger a northward movement in gold (strengthening the price)
In addition, the price of gold continues to find support in the geopolitical tensions in the Middle East, the situation is still heated to the limit.
Technically, the price continues to head towards 2477-2483. Retests of resistance for a breakout of the level continue.
Resistance levels: 2477, 2483, 2500
Support levels: 2458, 2450
On high news volatility, the price may form a quick breakout and rally or long-squeeze before rising further. BUT, unpredictable news may break the market structure, in which case the price may head beyond 2450.
Rate, share your opinion and questions, let's discuss what's going on with ★ FX:XAUUSD ;)
Regards R. Linda!
DXY Is Very Bullish! Buy!
Please, check our technical outlook for DXY.
Time Frame: 3h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is testing a major horizontal structure 102.626.
Taking into consideration the structure & trend analysis, I believe that the market will reach 102.996 level soon.
P.S
Overbought describes a period of time where there has been a significant and consistent upward move in price over a period of time without much pullback.
Like and subscribe and comment my ideas if you enjoy them!
A 100 basis point rate cut making the dollar weakMarkets expect a 100 basis point Fed rate cut during the remaining meetings this year.
A 100 basis point rate cut by the Fed would likely weaken the U.S. dollar.
Lower interest rates reduce the yield on dollar-denominated assets, making them less attractive to investors.
This could lead to a decrease in demand for the dollar, causing the Dollar Currency Index (DXY) to decline.
Additionally, a weaker dollar might boost U.S. exports by making them more competitive globally, but it could also increase inflationary pressures.
DXY Rising Support Ahead! Buy!
Hello,Traders!
DXY is going down
Again but the index
Will soon hit a rising
Support line from
Where a local bullish
Rebound is to be
Expected
Buy!
Like, comment and subscribe to help us grow!
Check out other forecasts below too!
Levels discussed on 13th August Livestream13th August
DXY: Likely to consolidate above 103, needs to stay below 103.50
NZDUSD: Sell 0.6030 SL 25 TP 55 (RBNZ decision pending)
AUDUSD: Buy 0.6615 SL 30 TP 65
GBPUSD: Buy 1.2815 SL 20 TP 40 (needs to complete retracement first)
EURUSD: Buy 1.0950 SL 25 TP 50
USDJPY: Sell 146.20 SL 40 TP 200
USDCHF: Sell 0.8640 SL 30 TP 70
USDCAD: Sell 1.3715 SL 25 TP 60
Gold: Consolidating, above 2465 could trade up to 2480 and possibly 2484
GOLD → The bull market continues. Ahead of the PPI...FX:XAUUSD has been breaking through the key resistance 2431 since the opening of the session and is holding towards the liquidity zone 2458. Ahead of PPI, which may set a short-term tone in the market.
Gold continues to form a bullish trend, the general premise is that the price is going to test ATH. Ahead of PPI and it is worth paying attention to the inflation indicator, which plays an important role for the Fed and the formation of further strategy. Also a lot of attention to the Middle East, namely the actions of Iran....
Technically, the price is in the range of 2458 - 2431. Emphasis on the resistance, because, on the background of a distant retest, it will not be possible to break this zone from the first time and a correction may take place before further growth.
Resistance levels: 2458, 2477
Support levels: 2431, 2418
Traders expect the PPI to remain at the same level, but if the data indicates a decline in inflation, the market may take it very positively. Unpredictable data can increase market volatility quite a lot.
Rate, share your opinion and questions, let's discuss what's going on with ★ FX:XAUUSD ;)
Regards R. Linda!
Sell AUD/USD Wedge BreakoutThe AUD/USD pair on the M30 timeframe presents a potential selling opportunity due to a recent downward breakout from a well-defined Channel pattern. This suggests a shift in momentum towards the downside in the coming Hours.
Key Points:
Sell Entry: Consider entering a short position around the current price of 0.6584, positioned close to the breakout level. This offers an entry point near the perceived shift in momentum.
Target Levels:
1st Support – 0.6525
2nd Support – 0.6490
Stop-Loss: To manage risk, place a stop-loss order above 0.6610. This helps limit potential losses if the price unexpectedly reverses and breaks back upwards.
Your likes and comments are incredibly motivating and will encourage me to share more analysis with you.
Best Regards, KABHI FOREX TRADING
Thank you.
DOLLAR INDEX LONG TO $108 (UPDATE)I am still bullish on the Dollar even though price action is very slow right now & just ranging. But I see a buying accumulation phase playing out. Mid term bullish towards $108 & once that target is hit, we will be able to say more clearly weather it'll then reverse or carry on bullish in the long term.
It's likely we'll see Gold & the Dollar move in positive correlation with each other in the short term, which doesn't happen much!
GOLD SHORT TO $1,964 (4H UPDATE)Very likely that Gold will take out our current sell position from $2,473 & climb higher towards our 'Scenario 2' shorting zone. But either way we are still in sells & running in nice profits, the same way you all should be as well.
Make sure to have your SL in deep profits, so you can secure profits, if our SL is hit🤙🏽
Levels discussed on Livestream 12th August 12th August
DXY: Likely to consolidate above 103, if broken, could retest 102 support level.
NZDUSD: Sell 0.5960 SL 25 TP 65
AUDUSD: Buy 0.6610 SL 40 TP 70
GBPUSD: Buy 1.2790 SL 30 TP 65
EURUSD: Buy 1.0950 SL 25 TP 50
USDJPY: Sell 145 SL 70 TP 300
USDCHF: Look for reaction at resistance of 0.8750
USDCAD: Sell 1.3710 SL 20 TP 55
Gold: Broke above 2434 (61.8%) could trade up to 2450, beyond that could see 2480
DXY Is Bearish! Sell!
Take a look at our analysis for DXY.
Time Frame: 1D
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is approaching a significant resistance area 102.772.
Due to the fact that we see a positive bearish reaction from the underlined area, I strongly believe that sellers will manage to push the price all the way down to 100.598 level.
P.S
Overbought describes a period of time where there has been a significant and consistent upward move in price over a period of time without much pullback.
Like and subscribe and comment my ideas if you enjoy them!
