Marenno

Marenno

The possibility is that the irregular correction (4) of the current down movement is formed, and the possibility is that the market will continue it's down movement towards the 93.5 Area. It means, that there is still a chance to buy some majors against dollar in a short term

Marenno

US Dollar index Engulfing patter will probably be confirmed by today's price action. In case if we won't see the Upward continuation today, then the 93.50 target is likely to be reached within a couple of days, meaning Selling USD intraday, buying "others".

Marenno

Still in the uncertain area, and to show strength it has to break above 96.50, to show weakness continuation (if we can call it weakness) price has to break below 95.

Marenno

Continuation of an up move of Dollar Index towards 96.50 is highly possible. All the majors will be loosing against dollar more likely this week.

Marenno

96.50 Is level to be reached, in case of continuation of a down move , bounce toward south of 96.50 level is possible. details on the chart

Marenno

In case if it was a false breakout and the price will not be closed today below the level, looks like we have a bounce here

Marenno

The price has declined and is probably going to brake another support level today (must be closed beyond) details on the chart

Marenno

Details on the chart

Marenno

Potential reversal areas are at 95, and 93.50, and there is a high possibility that the price will get there

Marenno

Today's close is very important for DXY as it does look that the support area can be broken.

Marenno

The bounce of this level is possible,price action continuation is needed. Next support level is at 93.50

Marenno

1.08212 As we can assume, the bearish mood can still be on the market, the 1.0825 is a level, which confirms bearish direction of the overnight market. Closing above - bullish, below - bearish.

Marenno

Morning everyone, trading plan for today. The key areas - 1.10324 Consider it as a breakout level, Higher then that - bullish 1.06127 Lowest point for a bullish market, lower than that - bearish 1.0700 The best point for Bullish market entry order (1.0700 - 1.0800) Look for patterns at the levels, prepare yourself with orders

Marenno

The pair has failed to break 121.158 level, and the price shous us a spinning bottom on 1h chart. I suggest to buy with a stop loss below 121.10, target at 121.275 Timing stop is essential, as in case if the market participants will react on the current price action as on a triangle breakout, move down towards 120.750 is possible.

Marenno

At the moment the pair has broken 128.4 level, but there is a possibility to go down much more, due to a down trend. Sell stop area (if using no limit orders) at 128.214, stop loss above 128.600, tp1: 127.75, TP2: 127.25 I suggest to use a “timing” stop (Close if the price will not go in your direction within 3 bars (as an example), all depends on your trading...

Marenno

Short entry will be possible at 1.8830 Area. In case if the 4h candle will be closed like it is at the moment, the short - term correction is highly possible. I suggest to wait for a 4hr close, in case of spinning bottom, wait till the end of correction, then sell, it can be tomorrow morning (GMT) at a rough price (watch PA as well) 1.8825 SL above 1.8900, 1st...

Marenno

Engulfing pattern on the resistance level lets us to sell now is possible (although might be a bit risky, use timing stop), SL above 1.0635 1 Traget at 1.05850 2 Target at 1.05500

Marenno

The pair fell to 1.46569 Level. Some participants missed the move and would like to have a peace of a pie. Basically one of the entries can be the breakout of the current local low, but, there is possibility that the upcoming US news will define a current low as a low for today. I suggest to wait till the pair will move towards 50% - 61.8% Area to sell. but...