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US30 FORECAST 4.29.21Good evening. This is my markup for us30. Fun fact: Currently learning candle stick patterns. tonight homework assignment is to identify 3 of the candle stick patterns we went over today. We are having, what we call a 3 pair challenge. Where we markup 3 pairs. adding in the candle stick patterns was a added bonus. Let me know how the charts looks and give me some feedback. Send 3 pair winning vibes only my way. Thank you !! Markup was done on the 1hr to get support and resistance zones. fib. was placed on the 15min and the 1hr. they both matched up beautifully. When price breaks out and closes below my .236 and gives me selling vibes. I will do just that.
OANDA:US30USDShort
by Keymc
Can we get a 4th bullish day in a row on GBP/USD...Sterling is still straddling round numbers vs the Buck and Euro at 1.3900 and 0.8700 in the absence of anything Pound specific to trade off, bar less deflationary BRC UK shop prices, while the single currency remains rangebound against the Greenback between broad 1.2100-1.2050 parameters with key declining trendline resistance above the big figure coming in circa 1.2109 today and almost aligning DMA/21 - WMA supports providing a cushion during small amounts of selling (currently at 1.2055 and 1.2053). The dollar remains on brief frim footing. The fiscal, inflationary and funding/issuance implications are all overshadowing what was a decent 7 year note auction and dovish-leaning expectations for the upcoming FOMC. Hence, the DXY has reset after another dip below 91.000 to eclipse yesterday’s best within a 90.897-91.127 range.
Long
by FTUKcom
25
USDCHF H4 - Short SetupUSDCHF H4 Topped out on the intraday support/resistance price we have identified, two short entries presented, one dipped 1:1.5 and the second top test currently offering 1:1.3, we could start to see new lows being set if DXY breaks 91.00 to set new lows. Remember, we want to try and tie in as much as we can, but also wait for sensible confirmations. Pair comparison, key trading zones/levels, whole numbers, price actions, structure breaks. All this important stuff to give yourself confidence that your trade is thought out and well measured.
Short
by Trade_Simple_FX
1
GBPUSD H4 - Short SetupGBPUSD H4 We obviously like to trade between our zones, right? That's how we know where we are looking to enter, where we are looking to place our stops and take profits, we can easily monitor and measure our trades on this basis, hence our strategy 'trading between the zones'. We broke our 1.39 support zone and sold off circa 75 pips before correcting, bearing in mind, from 1.39 to 1.38 is only 100 pips, so 75% of that move was filled without a pullback. Now seeing somewhat of a pullback, DXY is in a key range (91.00 support), we could either see a bounce or break, so effectively sat on a possible pivot point almost. Eyes peeled, could see some bit moves for the week close.
Short
by Trade_Simple_FX
Pound is also ending the week on a firmer footing...Pound is also ending the week on a firmer footing, though this masks the whole truth as Cable remains much closer to worst levels between 1.3671-1.3918 parameters and only just held around March 25 lows when yielding to the partial Buck recovery and slipping beneath the 100 DMA (1.3687). In many ways it feels like the markets have been waiting for something to get their teeth stuck into after missing out on Good Friday’s NFP bonanza and with many centres also absent when the US services ISM hit record-breaking levels at the start of this week. Meanwhile, the Dollar index declined from a 93.113 peak to 91.995 low yesterday in relatively steady fashion from Wednesday following dovish FOMC minutes and comments from Fed chair Powell the next day echoing the message that while economic recovery prospects have brightened with additional fiscal stimulus alongside a speedy rollout of COVID-19 vaccinations, accommodative policy will not be removed until there is substantial progress on FAIT and full employment goals.
Short
by FTUKcom
8