Yesterday, we saw DXY coming down heavily and thus gives this potential sell setup Look for opportunities after below the Lower Timeframe Key area (0.8797 - 0.8782) {Blue Zone} But beware of the volatility that will come at Fed Minutes tomorrow.
Latest COT Filing reports increase in Long contracts which shows bullish momentum. Meanwhile Cup & Handle formation in making backs it up. Wait for the confirmation before taking any long positions this WEEK!!
As predicted earlier, DXY came for a retest at 104.6 level before making a move up further at the Weekly Key Area Of Value. FX Majors will also likely see a Strong USD sentiments in the following days. Do keep in mind the Retail Sales and Unemployment Claims data that's gonna come out at FRIDAY though.
Hello Traders, DXY seems to be bullish overall, sweeping all the liquidity at 103.6 - 103.8 level and can come down to retest before making a move up again. Or it can directly starts moving up after confirming a break above 104.5 level if FED delay Rate Cuts. Worst case scenario can be if CORE CPI news came as expected and FED announce the rate cuts.
AUDUSD is making a inverse Head & Shoulder pattern on 4H Timeframe. Wait for a retest at neckline before opening a long trend.
Hey Traders! XAUUSD is in Downtrend and now taking a pullback into our Fib Retracement area of 0.618-0.66 Most likely because of the short term pullback in DXY Will take a short entry after rejection from Higher Timeframe Area Of Value (AOV).
The trade hit our TP 1 Wait for pullback (Upto 0.5% of FIB RETRACEMENT) for another short opportunity.
Wait for Breakout and retest before building any Short Trade.
Here's GBPUSD 1D Timeframe chart with possibility of continuing its downtrend movement because of FOMC & NFP news (Acc. to me), but we have to wait until it confirms by a Break & Retest of the Daily Key Area between 1.26 - 1.262. Do keep in mind that it can still bounce off of this key zone so keep that in mind before entering into a trade next week.
Gold can either continue its upward trend (Yellow Channel) or gets rejected from the Local Resistance Area (Pink Box). Wait for a breakout and then "RETEST" before entering a trade.