DXY finds itself on a weekly trendline that acted as resistance previously and now the price had its first reaction to it. Only time will tell if it will manage to send the price back down or not. A weekly close above the 93.012 can act as good indication that the Dollar can go higher, at least to 94.50 and maybe even higher. And a weekly close below the 91.81,...
THOSE ARE THE IMPORTANT LEVELS TO WATCH.
LEVELS TO WATCH ON THE DOLLAR INDEX CHART TVC:DXY .
Waiting on USDCAD to see what will happen. My long term guess would be short, but trade mustnt be made based on predictions. Waiting on proper confirmations for a proper risk management.
Is NATURAL GAS ready for the breakout? finds itself on a very strong monthly and weekly resistance.
Strong resistance ahead, expect some fight back from the bears. monitoring price action on that area for a possible downward move.
BITCOIN UPDATE, BREAK OF EITHER SUPPORT OR RESISTANCE CAN BRING STRONG MOVEMENT TO EITHER WAY. PRICE ACTION SHOULD BE MONITORED FOR ANY MOVE. MY BIAS IS STILL BULLISH FOR THE LONG TERM DUE TO PRICE ACTION AND FUNDAMENTALS, BUT SHORT TERM BEARISH MOVEMENT CAN BE EXPECTED.
Strong weekly resistance, can expect a retracement from this upward move on usdcad
BTC is in a strong resistance area, failing to break the $20K price. Seeing that it is December, and people are buying with FOMO, I feel that miners and whales will take advantage to take profits at this level. so we could expect a fall until the $16K mark price, worst case scenario, to $14K before we could see it break the strong resistance that it finds itself...
IF 4HR TIMEFRAME CLOSES ABOVE NECKLINE, THERE WILL BE A HIGHER CHANCE OF PULLING HIGHER UNTIL NEXT RESISTANCE. SO KEEP CLOSE ATTENTION.
Based on fundamentals and the momentum bitcoin is gaining more and more with institutions strongly buying, we can definitely predict that btc is going to the moon, but of course, have your Risk management in place, because not everything is predictable.
DOW JONES just went through a small correction, which is recovering today. What I am seeing, is that, if we are not able to break through the weekly resistance and close it above, we may see much deeper levels on the coming days/weeks. Another chart to look at it, and give us some perspective of what can happen, it is the US DOLLAR INDEX, which you can find on my profile.
USDCAD finds itself on strong resistance, a lot of confluence. Price action should be monitored for a possible downward movement