Usdx
USDJPN correction expected?I don’t really trade Forex, unless something catches my attention.
USDJPN has been climbing for a while now. On weekly chart it is overbought and even the strongest move need to take a brake once in a while,
Either if you look on EMAs or Fibonacci levels, correction can reach area 139-141.2.
It doesn’t mean it will but according to my analisys, most of the indices look like they they’re going for an upside move. With VIX being overbought as well.
The markets might get a bit more positive until November US rates decision.
Personally I think we might not get lower than 140.
Im not a professional trader and this is not a trading advice. Trading is risky. Always do your own analisys.
USDX - US Dollar indexRight now I'm watching a VERY BIG CUP. When we get to this part, we take a break and speculate that the handle pattern will be painted. The impact of the Federal Reserve's policy is that we expect the stock market as a whole to weaken against the US dollar.
This Crypto market will probably have the strongest impact.
Be careful :)
US DOLLAR INDEX PRICE ACTION AND CHART ANALYSIS w/ upcoming NEWSWelcome back to another video, today's video is about analysing the NASDAQ (NAS100) using the monthly, weekly and daily timeframe to understand and see price movements for possible next direction (either downwards or upwards trend).
P.S NOT A FINANCIAL ADVISOR... JUST EDUCATIONAL AND LEARNING PURPOSE ONLY...
▪️GBPUSD LONG▪️TF- D1/WK▪️6-10R▪️400-700pipsType - Retracement trade; Very possible swing now
TF- Daily/Weekly
BIAS - Bullish
ENTRY - 1.1556
SL - 1.1490
TP - 1.1730(GrAA),1.1870(GrAAA), 1.1950(GrAAA),1.2240(GrAAA)
RR - 1:6 (10R max)
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Upside LVL's (RES)
1.1730(GrAA)
1.1870(GrAAA)
1.1950(GrAAA) - 6R case
1.2240(GrAAA) - 10R case
Downside LVL's (SUP)
1.1440 (GrAA)
1.1360 (GrAAA)