Ahead of this week’s CPI inflation print, the US Dollar Index has moderately bounced back from support at 102.78. Despite benefiting from additional channel support (taken from the low of 103.65) and the Relative Strength Index (RSI) recently shaking hands with oversold space (< 30.00), bullish resolve from the support has been uninspiring. Lacklustre Rebound...
From swing low to swing high, we can see more than 78% retracement happened. Next is swing high to swing low, that's where i marked off the golden zone so 40K is possible again. Also with the mighty dollar approaching its supply zone and heading into retracement, the market must take advantage of the momentum, as they should. Patience wins all. Keep rising....
This is not a test!!! Yen is going to gain maximum strength in the next 90 days during the 2nd QTR. I cannot legally say as to why but the hunch is strong. Looking for a soft rollover to close the month around 130 flat (3/31/23) Q2 2022 we saw a major short begin on Yen pairs (USDJPY 122-150!) We are now seeing the retracing PLUS to create a very strong...
Hello traders. Today's news for weak USD and falling yields impacted on this huge move for gold. I 've change my point of view for the pair due to this vigorous price action. But such a big candle means that the price has being fueled with big orderblocks and in someway left a 'gap' back. I expect at least 50% retracement which will be a great entry point for...
DXY is close to a premium array (-OB) Dollar Price is Bearish Long Term. The Open of the OB (116.457) would be ideal to expect the sell come in... Confirmation is vital in my trading so won't just enter straight away. I will post another idea for the sell entry. This is just to call y'all attention to what I see on DXY. If the sell does come in then the First...
Hey traders, in this week we are monitoring DXY for a selling opportunity around 104 zone, once we will receive any bearish confirmation the trade will be executed.u we highly recommend to take a look at DXY at the beginning of every trading week if not everyday, that will help you to trade USD pairs more professionally and spot their direction! Trade safe, Joe.
Last week we were able to test the lows of 1783. We ended the year above 1800 only to dip the first week of 2022 possibly creating a makeshift bottom for the month. I anticipate gold to swing higher to test minimum 1801-1804 levels and if volume permitting to rolling into 1810+. If you look to the left my fixed range volume profile has the POC tapped from NFP...
As we can see by the illustration we have an up trend that has broken to the downside with retest already completed. I am anticipating weakness od the dollar from here on in. Will update as time goes on, stay tuned! Good Luck. God Bless!
The dollar has been on a mission, which has shocked a lot of investors considering the FED keeps printing money! When will this strange rally end? We would love to see a slight pullback with signs of rejection before we sell off a wipe out a good chunk of buyers. Breakout of this descending formed channel It'll push price downward thereby affecting USD Pairs. The...
Good day Friends Ive been looking at EURUSD BECAUSE IT HAS FALLEN INT0 A SIGNIFICANT AREA. We clearly know the month has been overall bullish (beginni. Marked by the black line), The market has reach a clear bullish exhaustion area (highest high). Price has broken a level/zone(Marked Red) meant to push price back down but it found resistance/supply later on a...
Confluences: -enter on the retest of the break of consolidation -broke out of the downward channel -weak DXY -strong bullish momentum to break the box
#AUDUSD: (1D): Also here the USD is getting weaker, resulting in a clear uptrend, which is confirmed by the 200 EMA as well. After last complex consolidation, the chart has been overextending for quite some time, so consolidation was to be expected. (4H): On a shorter period indeed, we have a downtrend. We recently had a fakeout to the downside, when sellers...
Recent price action is showing a 30% dip rejected by the 30k psychological level and proven support. On the 4H we have a double bottom being broken to the upside, confirming the potential reversal. If we can see a break of the higher TF corrective structure, we will soon see ATH being touched once again.
#EURUSD: (1D): As expected from last week's analysis, EU came all the way back to support around 1.205 to bend to the upside once again, following the overall bullish direction. We are about to see 1.22 resistance being tested, where I will be looking for a bullish opportunity once broken to the upside. (4H): On the lower timeframe, we have more detailed...
The dollar has bounced off its bottom trend line. After having such a long period of weakening, it is due to bounce back a bit. It is extremely rare for the dollar to not reverse the trend after an extended period of strength or weakness. It may not rally back much, but it will give you some gains in the short-term. Sell half when it hits the upper trend line...
The price just made a double top after filling yesterday's gap. We are also near a strong trendline and i think that price is preparing to reach 89.00 with this pattern. Let's see if my prediction is correct. Like and follow for more!
US Dollar is very weak against all currencies. We will be looking to sell usd on any retracement against all currencies.
#USDJPY (Possible trade idea): (1D): The higher timeframe has been bearish for quite some time during 2020, and this trend hasn't changed. Still bearish bias confirmed by the 200 EMA and structure. Also fundamentally, US money printing won't stop any time soon. Technically, A wide range retest occurred, pushing the pair to the downside. (4H): Looking closer, the...