JinDao_Tai

JinDao_Tai

27th June DXY: testing the support level (105.90) needs to stay above 105.75. Look for bounce to 106.40 (needs to break previous high) NZDUSD: Sell 0.6065 SL 25 TP 80 AUDUSD: Test and reject 0.67, Sell 0.6695 SL 20 TP 60 USDJPY: Buy 161.10 SL 30 TP 90 (look to close quick!!!) Becareful, possible intervention area GBPUSD: Sell 1.2590 SL 20 TP 75 EURUSD: Sell...

JinDao_Tai

Timeframe : H4 Trend : Possible breakout of consolidation to trade lower Support/Resistance : Look for break of the bullish trend line and support level of 0.6090 (confluence with the 38.2% Fibonacci retracement level) TSRI MACD : Crossover to signal selling opportunity SL : 30 pips above resistance TP : 90 pips at previous swing level and area of 61.8%...

JinDao_Tai

Timeframe : H4 Trend : Continuation of the downtrend since 7th June 2024. Support/Resistance : If BTCUSD is resisted by the 23.6% Fibonacci retracement level at 61718, the price could continue trading lower. TSRI MACD : No crossover to signal selling opportunity yet. But MACD line converging with volume (histogram) decreasing. Next key support is at 56847

JinDao_Tai

Timeframe : H4 Trend : Continuation of the short term downtrend Support/Resistance : Look for break of the bullish trend line and support level of 1.2645 (confluence with the 38.2% Fibonacci retracement level) TSRI MACD : Crossover to signal selling opportunity SL : 40 pips above resistance TP : 110 pips at 61.8% Fibonacci retracement level

JinDao_Tai

26th June DXY: Look for reaction at resistance level of 105.90, breakthrough could see price test 106.15 NZDUSD: Sell 0.6070 SL 20 TP 60 AUDUSD: Test and reject 0.67, Sell 0.6695 SL 15 TP 60 USDJPY: Buy 160 SL 30 TP 100 Becareful, possible intervention area GBPUSD: Sell 1.2665 SL 15 TP 40 EURUSD: Sell 1.0660 SL 20 TP 50 USDCHF: Buy 0.9025 SL 25 TP 50...

JinDao_Tai

25th June DXY: Look for reaction if the price test 105.60 level (38.2%), rejection, look for price to trade down to 105.20. Breakthrough, price to test 105.90 NZDUSD: Buy 0.6155 SL 20 TP 60 AUDUSD: Sell 0.6670 SL 20 TP 80 (hesitation at 0.6630) USDJPY: Becareful, possible intervention area Buy 160 SL 30 TP 100 GBPUSD: Sell 1.2675 SL 20 TP 50 EURUSD: Sell...

JinDao_Tai

Timeframe: H4 Trend: Possible reversal from the short term downtrend Support/Resistance: Supported by bullish trendline, look for breakout of resistance TSRI MACD: Crossover to signal buying opportunity SL: 30 pips below resistance TP: 170 pips at next resistance Possible close at 61.8% Fibonacci retracement level

JinDao_Tai

24th June DXY: Needs to stay above 105.50 to remain bullish, could consolidate between 105.60 and 105.90 NZDUSD: Sell 0.6135 SL 15 TP 55 (hesitation at 0.61) AUDUSD: Sell 0.6525 SL 15 TP 45 USDJPY: Becareful, possible intervention area Buy 159.50 SL 30 TP 70 GBPUSD: Sell 1.2675 SL 20 TP 50 EURUSD: Buy 1.0675 SL 20 TP 80 (DXY weakness) USDCHF: Buy 0.8955...

JinDao_Tai

14th June DXY: test resistance area of 105.60-105.70. (could retrace briefly due to end of week) Breaking resistance could trade up to 106.40 NZDUSD: Sell 0.6130 SL 20 TP 50 (Hesitation at 0.61) AUDUSD: Sell 0.6565 SL 25 TP 70 USDJPY: Buy 158.40 SL 50 TP 100 GBPUSD: Wait for reaction at 1.2690 EURUSD: Sell 1.0705 SL 30 TP 90 (Hesitation at 1.0670)...

JinDao_Tai

13th June DXY: Could retrace, needs to stay above 104.60. If price breaks above 105, could retest resistance at 105.45 NZDUSD: Sell 0.6150 SL 20 TP 50 AUDUSD: Sell 0.6635 SL 20 TP 55 USDJPY: Look for reaction at 158 resistance Buy 158.20 SL 30 TP 115 or Sell 157.80 SL 30 TP 125 GBPUSD: Retrace and reject resistance Sell 1.2810 SL 20 TP 55 EURUSD: Sell...

JinDao_Tai

When the BoJ increased interest rates in March, for the first time in 17 years, the Yen continued to weaken due to the perceived lack of commitment toward further rate hikes. In April the BoJ kept rates on hold at 0.10%, which saw the Yen react with further weakness. The BoJ is due to release its Policy Rate and Monetary Policy Statement tomorrow (Friday). With...

JinDao_Tai

The DXY spiked higher from the 104.20 price level to 104.60 during the release of the FOMC interest rate decision and the press conference. The move higher has continued through the Asia session with the DXY now approaching the 105-round number level (around the 50% Fibonacci retracement level from the move yesterday) This bullish move in the DXY is likely due...

JinDao_Tai

Highlighting the inverse relationship between the DXY (yellow line) and the BTCUSD. Potential weakness on the DXY tonight could see the BTCUSD continue its bounce from the support level of 66,000 (also formed by the 38.2% Fibonacci retracement level from the longer term) up toward the previous high of 72,000. If the price breaks above the resistance level,...

JinDao_Tai

Considering the scenario that the CPI data is released higher and/or the FOMC presents a hawkish tone, this would mean that the US interest rates could stay high for longer. This would bring significant strength to the DXY which could see massive downside for the GBPUSD. However, the GBPUSD has developed a strong support along the 1.27 price level, formed by...

JinDao_Tai

The EURUSD has found support along the 1.0720 price level (with the 61.8% Fibonacci retracement level and the bullish trendline forming a confluence) If the DXY does weaken with the news tonight, the EURUSD could bounce strongly from the support level to trade higher toward the resistance level of 1.09 (moving similarly to the price action on the 9th of May) A...

JinDao_Tai

USDCAD has been trading within the range of 1.3590 and 1.3780 since the start of May 2024. With the price action indicating a potential rejection of the resistance level, weakness in the DXY could see the USDCAD continue to reverse lower. A consideration as a trigger for the reversal is if the price breaks through the 23.60% Fibonacci retracement level and the...

JinDao_Tai

12th June (FOMC Decision Pending) DXY: Could test and reject 105.60 resistance before trading lower (dovish FOMC) down to 105 support. NZDUSD: Buy 0.6170 SL 25 TP 45 (DXY weakness) AUDUSD: Sell 0.6560 SL 20 TP 65 (DXY strength) USDJPY: Look for reaction at 158 resistance Buy 158.20 SL 40 TP 115 or Sell 157.70 SL 40 TP 115 GBPUSD: Sell 1.2750 SL 25 TP 60 (DXY...

JinDao_Tai

11th June DXY: retraced and consolidating, looking to trade higher towards 105.60 resistance. NZDUSD: Sell 0.6115 SL 25 TP 35 AUDUSD: Looking for a reaction at 0.6570 USDJPY: Consolidating, Buy 157.50 SL 20 TP 45 (quick trade) GBPUSD: Sell 1.2680 SL 20 TP 35 EURUSD: Sell 1.0720 SL 20 TP 45 USDCHF: Look for reaction at 0.9012 resistance USDCAD: Buy...