U.S. Dollar Index (DXY) Technical Overview: The U.S. Dollar Index is displaying multiple bearish patterns and indicators across the chart, suggesting the potential for a short-term downtrend: Support and Resistance Levels: Key Resistance: The index is currently near a resistance zone, with sellers likely to dominate below this level. Ichimoku Cloud...
GBP/USD (4H & 1D Time Frames) Pattern Analysis: An Inverted Head and Shoulders pattern has been identified on the GBP/USD pair. This pattern is visible on both the 4-hour (H4) and daily (D1) time frames, indicating potential bullish momentum upon confirmation. Key Levels: A rectangular resistance zone has been drawn on the chart, marking the neckline of the...
Doji Candlestick with ultra high volume on Daily & Weekly timeframe, started at 5-Aug, mean the downtrend is going to be stopped. Doji Candlestick have been broken up next week of 5-Aug Consolidation (price correction) started since 15-Aug till now price it closed to 0 Fibo percent, which is strong support level of the price on weekly and daily frame. enter buy...