Hello Traders! This is my idea related to AUDUSD H4. I expect a retracement from the resistance level, where we have also an OB. It's a good opportunity to entry long if the strategi is confirmed. Traders, if you liked my idea or if you have a different vision related to this trade, write in the comments. I will be glad to see your...
Technical Analysis: - As you can see the above daily chart, USDX is still doing a ABC correction in blue - We present two possible paths - Black and Blue ( With actual data each path has 50% probability ) - The decision of both paths (Black and Blue) will be taken when USDX will arrive to the orange circle area - Short term structure is bearish - H1...
DXY has been making beautiful moves on the chart as you see, so after observing these moves i concluded that it is gaining, and really from here on out we can buy the currency maybe till Friday, on Monday, but only provided we get a clear confirmation of the buy Conditions: if we hold prices above the current support(previously a resistance), and the go up a bit...
Hi, Trading view community and subscribers. Thanks for stopping by. Looking at the USD on the 4H, we see that sellers continue to hold prices outside a trend break. A mini consolidation continues to hold price action, but if the current seller momentum can continue to push forward and break out of the consolidation, this could lead to a new extension lower. If...
My most recent analysis on the U.S. Dollar Index (DXY) was a long-term one comparing the current situation to mid 2018, plotting a potential long-term Channel Up for next year but calling first for a sizeable correction: This time I bring you back to the 1D time-frame where my call for a shorter-term correction may be taking shape after all, as DXY seems to...
Three days ago an important pattern that may have been overlooked was formed on the U.S. Dollar Index, the Death Cross. This is a simple illustration of the Death Cross formations (when the MA50 (blue trend-line) crosses below the MA200 (orange trend-line)) on the 4H time-frame. As you see, since the failed March 2019 Death Cross (scroll to the left to see the...
Welcome back Traders, Investors, and Community! Hi Traders, USDCAD it is expected to go lower after the flag breakout however it might go at Pullback area before going down. ⬇️Sell now or Sell at 1.2515 ⭕️SL @ 1.2583 ✅TP1 @ 1.2366 ✅TP2 @ 1.2260 ✅TP3 @ 1.2135 We will have more FREE forecasts in TradingView soon ❤️ Your Support is really appreciated!❤️ Have...
Welcome back Traders, Investors, and Community! Hi Traders, USDCAD on H1 has formed a Flag pattern. After the Flag is expected to go lower ⬇️Sell now or Sell at 1.2614 ⭕️SL @ 1.2661 ✅TP1 @ 1.2495 ✅TP2 @ 1.2378 ✅TP3 @ 1.2258 We will have more FREE forecasts in TradingView soon ❤️ Your Support is really appreciated!❤️ Have a Profitable Day
Welcome back Traders, Investors, and Community! Hi Traders, USDJPY on H4 has formed a Bullish Flag which is a sign of Bearish move. The Bullish Flag has formed after the breakout of the support by a large red candle which is another indication of the Bearish move. It might go back to 110.93 before it continues to go lower. ⬇️Sell now or Sell at 110.93 ⭕️SL @...
Today we have two important reports, non-agricultural wages and jobs. Both can strongly impact the USD, although I don't think they will. We have a clear bullish trend at the moment, we will see what happens after the reports. My opinion is Long.
This month's very bullish candle for the U.S. Dollar Index (DXY) is a transition one as it marks the end of the previous 3 year Cycle and the start of a new one. The previous Cycle was basically a neutral one, and it remains to be seen whether the current will be Bearish or Bullish. The chart is pretty self-explanatory and as you see each Cycle is approximately...
Pattern: Channel Up on 1D. Signal: Buy as the price not only (almost) hit the 1D MA200 (orange trend-line), for the first time since May 28, 2020, but also made a Lower Low on the inner Channel Down (blue pattern) and a Higher Low on the 7-month Channel Up. Also the RSI got oversold. Target: 1.21600 (right on the Symmetrical Resistance and the outer Lower Highs...
Pattern: Triangle on 1D. Signal: Sell as the price got rejected on the 6-month Lower Highs trend-line and right below the 1D MA200 (orange trend-line) which is untouched since May 29, 2020). Target: 90.700 (a symmetrical zone), also right above the Higher Lows Zone of the Triangle. ** Please support this idea with your likes and comments, it is the best way...
This is a quick update on EURUSD on its price action on the 4H time-frame. The biggest development is the formation of a Golden Cross (the 4H MA50 (blue trend-line) crossing above the 4h MA200 (orange trend-line), which is a technical bullish pattern. It is the first time that a 4H Golden Cross is formed since November 11, 2020. If we look at the past 12 month...
Pattern: Channel Down on 4H. Signal: Sell as the price is near the Lower Highs trend-line, replicating the October 15th fractal. Target: 89.510 (the -0.382 Fibonacci extension). ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. **...
Pattern: Bullish Megaphone on 4H. Signal: Short-term buy as long as the Higher Lows trend-line is holding as the consolidation on the 4H MA200 (orange trend-line) is an indication of short-term demand. Additionally the RSI is on its Support Zone while the MACD is forming a Bullish Cross. Sell if the 89.900 short-term Support breaks. Attention, long-term the trend...
Pattern: Channel Down on 1D. Signal: Sell as the price not only got rejected today on the Channel's median but also on the 0.382 Fibonacci retracement level, potentially repeating the previous bearish leg of the Channel Down. Target: 88.000 (the -0.236 Fibonacci extension). *Reference* This scenario was captured on my last DXY idea, regarding the potential of...
I want to post a quick notice on EURUSD where it just formed a Golden Cross (MA50 crossing above the MA200) on the 1W time-frame. That is the first time it forms this pattern since February 2018. Even though this is in theory a Bullish Formation, for EURUSD on the 1W chart, it has been Bearish marking the top of the trend. On the February 05, 2018 1W candle it...