⭕Best BUY & SELL areas for GBPUSD 💣🔰You can see the analysis of the British Pound in US Dollars in a four-hour time frame (GBPUSD _ 4H) 🔍
✴️According to the price picture, it is moving in a parallel descending channel❗🧐
If the price can stabilize itself above the black🖤 line, then it can have an upward supply area🔺
In other words, if the price can stabilize itself below the orange🧡 line, then it can have a fall parallel channel to the bottom line🔻
which direction will the price go to the GREEN💚 side or the RED❤️ side❓❓
I hope the analysis was useful for you🤍🌹
📌Please introduce the channel to your friends 🙏🏻
____________📈TRADER STREET📉_______________
Usdanalysis
⭕Best BUY & SELL areas AUDUSD in One hour time frame🔥💣🔰You can see analysis of Australian dollars in US dollars in one hour time🔍
✴️As is evident from the image, the price is moving in a parallel descending channel (purple💜). The areas of supply and demand are marked in the picture. Due to the presence of the price in the demand area, if the price can break the downtrend line (black🖤 line) upwards, you can buy in Pullback and the price can climb to the demand area ❗❗
If the price falls to the bottom of the current demand area, it can fall to the nearest demand area🧐
In your opinion, the price will move according to which scenario, GREEN💚 or RED❤️ ❓❓
I hope the analysis was useful for you🤍🌹
📌Please introduce the channel to your friends 🙏🏻
____________📈TRADER STREET📉_______________
💰Best Buy & Sell Areas USDCAD in 15minute time frames 🔥🔰You can see the analysis of the US dollar in Canadian dollars in the 15-minute team🔍
🔰Supply and demand zones and trendlines are specified🧐
✴️Due to the price being in the supply range and also the price being in the range of the high uptrend line (black🖤) the price can fall to near the demand range and the lower uptrend line (black🖤).
If the price can reach the top of the supply area, it can climb to the resistance in the four-hour time frame (orange🧡).
In your opinion, the price will move according to which scenario, GREEN💚 or RED❤️ ❓❓
I hope the analysis was useful for you🤍🌹
📌Please introduce the channel to your friends 🙏🏻
____________📈TRADER STREET📉_______________
⭕️US Dollar Index analysis in 30 minutes💥❗️🔰You can see the analysis of the USD index in the 30-minute frame team (US Dollar Index _ 30 min)💣🔍
✴️Supply and demand zones and ranges of 50% and 61.8% of Fibonacci retracement (purple💜) are shown in the image. If the price reaches the 61.8% Fibonacci range and the specified supply range, we can expect the price to drop to the support line (orange🧡 line). If the price goes under the valley shown with the black🖤 line, you can expect the price to drop to the demand range.🧐❗❗
If the price can reach the top of the specified supply range, it can climb to the next supply range.❗
In your opinion, the price will move according to which scenario, GREEN💚 or RED❤️ ❓❓
I hope the analysis was useful for you🤍🌹
📌Please introduce the channel to your friends 🙏🏻
____________📈TRADER STREET📉_______________
USDZAR top-down analysisHello traders, this is the full breakdown of this pair. We will take this trade if all the conditions are satisfied as discussed in the analysis. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
XAUUSD Bullish RunTrading Ideas at your Finger Tips
Gold Swing: The Upside prevails
Pivot: 1790.00
Our Preference:
long position above 1795 with targets at 1820.00 and 1850 in extension
Alternative Scenario:
Below 1780, look further downside with 1765 as targets.
Comment:
As long as 1780 - 1785 which is the Support zone is not yet broken, We are expecting a bullish run and restest at current support
⭕️Best price to trade EURUSD 😉 ❗️🔰You see the analysis of the EURUSD in Daily ( EURUSD , 1D) ❗️🔎
🔰BUY Limit EURUSD at 1.04300
✅TP ; 1.07900 (+360 pips)
❌SL ; 1.03000 (-130 pips)
📊R/R ; 0.36 (This number is derived from the division of Risk to Reward and must always be less than one, and the less it is, the better🧐)
🔰As you can see in the analysis, considering the price near the DEMAND range, it is necessary to buy the pair if it is broken into the downtrend line (PULL BACK), which is clear with the white dash. The target is located at the cross of the orange resistance line range and the white trend line of the descending color and the orange GAP range.❗️❗️👌
⚠️⚠️Please observe capital management and open a low volume transaction❗️❗️
I hope this analysis is useful for you🙏🏻🌹
📌Please introduce the "TRADER STREET" to your friends 🙏🏻
_______________________📈TRADER STREET📉________________________
To view the euro dollar analysis step by step, see the YouTube video on Time Daily
DXY Dollar Index : History in the making , close to 40 year lookWorst national debt in history topping $30 trillion USD.
Pandemic damages still lingering and causing shadow of doubt.
Global tensions of war add and economical sanctions hurt tech companies, import, export and more.
The only shining fundamental light is interest rate hikes. .50 or .75 or 1 percent make very little difference when the economy revolves around overnight crypto jumps of 100% as a daily thing.
Now let's look at the technicals -
Most overbought weekly RSI 14 that is pretty much imaginable, happened only 6 times in the last 38 years - A rating of around 80.
Horizontal resistance around 103-104 stretching all the way back to 1885 that was confirmed 2020, 2017.
Gold is keeping solid ground at the high 1800's with bullish weekly trend-line kept.
Don't fall for spikes, be smart, trade safe.
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USDCHF Breaking ResistanceUSDCHF Breaking Resistance
USDCHF recently broke its resistance at 0.9465
The next psychological resistance is at 0.9500, a break in this level will take tha pair to 0.9532 (Channel Resistance)
If 0.9500 will not break, a short term pullback at 0.9460 will be a key price at the 4H timeframe.(Trendline Retest)
If 0.9460 will not hold price may go down and consolidate near the 0.9400 level. (Trendline Structure Break)
For this week, I expect USDCHF price will consolidate between 0.9500 - 0.9400 level.
USD Strength: DXY Forecast Pt.2Overall USD strength is still Bullish on a technical standpoint
Price has rejected the previous zone as forecasted yesterday.
However we aren't 100% in the green for the USD just yet; It has to break above the white supply zone before we may see good USD strength. Watch out for the upcoming days and news releases also.
USD Strength: DXY ForecastThe greenback has made a very strong bullish push for the past month.
As we start the new month of October, I expect the USD to retrace towards either:
The the weekly trendline
Previous resistance
Support 93.000
...before continuing higher (Provided positive fundamentals for USD)
Things to watch out for this week (Fundamentals):
OPEC Meetings (Monday) (Today)
ADP Non-Farm Employment Change (Wednesday)
Average Hourly Earnings m/m (Friday)
Non-Farm Employment Change (Friday)
Unemployment Rate (Friday)
USD (DXY) is Strong, for now....Looking at the US Dollar Index (DXY), USD is showing strength, breaking structure to the upside. It has entered a 4H bearish OB, and we are going to monitor it behavior here. Will it reverse soon? There is huge potential for that to happen. Price may show weakness in the next 48hrs, but for now, I would play the xxxUSD pairs to USD strength.
USDJPY Daily Analysis, Market still in consolidative rangeHello everyone, as we all know the market action discounts everything :)
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The USDJPY pair started this session with a Bullish move driving the price back to 110.08 from 109.74, The Bulls now are eyeing every move of the market waiting for the opportunity to push the price and close above the 110.00 levels for creating a support zone at that level that would be able to help the market back to the 111.00 level.
If we applied the Elliot wave theory to the market we can see that the market is having its 3rd impulse wave right now which could be the move that drives the price above the 111,00 level.
Different Scenarios for the market
Scenario 1 :
The price has reached the resistance zone from 109.92 - 110.08, The Bulls are trying to power up in the hope for a breakout of that zone where this could indicate a start for a next Bullish move that could lead the price near the 110.625 resistance like where the Bulls will test the Bears hoping to start a big bullish move that could lead the market back up to the 111,00 level.
Scenario 2 :
The price has reached the resistance zone from 109.92 - 110.08, The Bears are trying to take control back from the bulls in hope of driving the price back down, the battle is still going at that resistance zone, In case the Bears got control then we will see the price go down to the first support line at 109.750 where the bulls will have to defend for any hope to end this sideways move in their favor.
Technical Indicators showing :
1) The market is above the 5 10 20 100 and 200 MA and EMA (Bullish sign), but still below the 50 day MA.
2) The RSI is at 52.31 showing Neutral signs but the market does seem to be gaining more strength.
3) The ADX is at 10,16 showing that the market is not in a trending state yet, With a positive crossover between DI+ (22,14) and DI- (20,11).
Support & Resistance points :
support Resistance
1) 109.75 1) 109.92
2) 109.59 2) 110.08
3) 109.19 3) 110.62
Fundamental point of view :
A combination of supporting factors undermined the Japanese yen and assisted the USD/JPY pair to gain some positive traction for the second successive session on Monday. A goodish rebound in the equity markets dented demand for the traditional safe-haven JPY, which was further undermined by the worsening COVID-19 situation in Japan.
Apart from this, weaker PMI prints out of Japan further acted as a headwind for the JPY. Japan PMI Manufacturing eased from 53.0 to 52.4 in August and the gauge for the services sector dropped sharply from 47.4 to 43.5, marking the worst reading in 15 months. This added to worries about the economic fallout from the continuous rise in COVID-19 cases.
Bullish traders further took cues from a modest uptick in the US Treasury bond yields, tough the ongoing US dollar profit-taking slide might cap gains for the USD/JPY pair. The uncertainties tied to the COVID-19 situation might have forced investors to reassess the timing of the Fed's tapering, which, in turn, prompted some USD profit-taking. According to FXSTREET
This is my personal opinion done with technical analysis of the market price and research online from fundamental analysts and news for The Fundamental point of view, not financial advice.
If you have any questions please ask and have a great day !!
Thank you for reading.
USDCAD top-down analysisHello Traders, this is the full breakdown of this pair. We will take this trade if all the conditions are satisfied as discussed in the analysis. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.