Themasterfx
DXY on the 1H time-frameDXY on the 1H time-frame.
Steps:
1. Dollar index created the lower high or right shoulder which is to confirmed the reversal pattern.
2. The next support line is the demand supply zone at 92.475 and 92.356
3. Waiting for the number of Non-Farm on Friday 3rd September will effective to the Dollar index.
XAUUSD on the 1H time-frameGOLD on the 1H time-frame.
Steps:
1. The 1st scenario - the price create the lower high and breakout 1777 then moving downtrend.
2. The 2nd scenario - the price create the higher low and breakout 1795 then moving uptrend.
3. Waiting for the inflation rate and QE tapering announcement to be strongly effective.
AUDUSD on the 1H time-frameAUDUSD on the 1H time-frame.
Steps:
1. The price still running downtrend and it is now at the Fibonacci level 361.8% at 0.71212
2. The next target price is the Fibonacci level 423.6% at 0.70373
3. MACD is shown under the zero level that mean selling momentum still confirmation.
EURUSD on the 4H time-frameEURUSD on the 4H time-frame.
Steps:
1. The price still running downtrend to the support zone at 1.16235
2. If the price breakout the support zone then the next level is 1.14183
3. If the price create the higher low on time frame H1 that will be the 1st step of the reversal pattern.
USDCHF on the 1H time-frameUSDCHF on the 1H time-frame.
Steps:
1. The 1st scenario will create the lower high and breakout the previous low and move to the support line at 0.90510.
2. The 2ns scenario will create the higher low and breakout the previous high and move to the resistance line at 0.93224
DXY on the 1H time-frameDXY on the 1H time-frame.
Steps:
1. Dollar index already breakout the resistance zone and now standing on the Fibonacci level 161.8% at 93.402
2. The next resistance line is the same level of the Fibonacci 261.8% at 93.982
3. Waiting for the inflation rate and QE tapering announcement to be effective with DXY.