With the technical analysis of the 4h and 1h tf it appears that DXY is completing the 4h pullback. With that being said I have entered positions on GBPUSD and AUDUSD.
As always technical analysis of DXY shows we are about to complete a pullback on the 1h time frame. I also expect this pair to be completing a pullback around the same time. We will look for reaction in the purple area before entering a short position.
As always technical analysis of DXY shows we are about to complete a pullback on the 1h time frame. I also expect this pair to be completing a pullback around the same time. We will look for reaction in the purple area before entering a short position.
Based on technical analysis of DXY I believe we pump near the indicated level and then drop again. I will be looking at entering just before/during London session.
I believe the CPI data coming out will not be good news for the AUD. However we will have an initial shot to the bullish side followed by a move to the downside for the rest of the week. All my analysis shows that DXY is ready to pump back to that 111 range.
Based on technical analysis this will be a good chance to get in an steal some pips. I would expect this to be completed by middle of NY sessions tomorrow.
DXY is in the process of completing its pullback and we should experience a nice bull move over the next day or so.
based on the technicals of the 4h and 1h, I would expect this to approach the 0.63000 level once more before falling(asian session). At london open I will be looking for rejection of this level and will begin taking short positions when possible.
We are at the technical pullback area on the 4H and the 15m is looking like it is turning bearish at this moment.
We are at a key level on the 4H, with the lower timeframes consolidating and turning bearish.
Technical analysis only key level on the 4H chart. with the 15m looking like it is about to turn bearish. it may not move much the until the funds rate on wednesday.
Very nice 4H zone that we are currently in. Going to wait for the 15m to turn bearish then I will short to target.
over the next day or so price will struggle to break the 4H Support. I will look for entry in the purple zone with my SL setup a little bit below that zone
Same idea as the previous short on this pair. I expect to see some resistance form on the hourly chart over the day or so. This will happen in the yellow zone. Once that happens I will be taking short positions from them with my SL being about 15 pips above where that resistance is.
we are at a key level of resistance on the 4 hour chart
At this point, I would expect another retracement to 106.50 area before proceeding with the trend. I will look to go long at this point. This is still at least a few hours away.
The dollar will continue down to the 105.90 range at which point it will reverse and continue its current uptrend