-Following our last setup on #USDCAD price exactly rejected and bounced 120 pips from our area. -Upcoming weeks we will mainly be focusing on DXY as there will be ease on us dollar to gain back its strength before the fed announces the hike in interest rate in February. -It is possible for price to create LL however it is very unlike to occur.
-Hello Traders, hope you all are progressing and improving everyday so am I, here is quick look on #audusd the pair has been bullish ever since we had NFPs and CPI data, however, as we are expecting DXY to be bullish, in our opinion there is higher probability of dxy to be bullish in coming days and hey, trading is all about proability and knowledge right?. So...
-Due to weaker DXY, JPY dominated the last few days, price have dropped significantly, however. expecting bullish pattern to occur on DXY and that will help JPY pairs to fill up the liquidity voided area. -As it described on the chart that price may come down to 137.60 region to retest that area and then bounce from there, however, it may not come down to that...
-Due to weaker DXY , JPY dominated the last few days, price have dropped significantly, however. expecting bullish pattern to occur on DXY and that will help JPY pairs to fill up the liquidity voided area. -As it described on the chart that price may come down to 137.60 region to retest that area and then bounce from there, however, it may not come down to that...
Hey Everyone, Hope you all having a profitable week, this is a little contribution; so USDCHF have consolidated for long period now and we have been expecting price to create a bullish impulse. However, price have failed to breakthrough, if DXY reverse we may see at least 500 pips setup if not more. Let's not miss the big move. What you all think?
-After recent data (CPI/INTIAL JOB LESS CLAIMS) we have now clear understanding of #DXY/ -DATA projected that 6.5% CPI which is an prediction of FED ensuring that they are not looking to increase rate hikes any time soon. -Expecting DXY will continue falling until it reaches 100.00 price area zone.
-Expecting JPY pair to work out in order for price action to fill the liquidity void.
-Price is expected to hit around 1900 region before it drops, however, 1880 region is crucial and many orders would have been place. That is the region why I think price will create a strong high before it reject and reverse. -In order for this trade to work DXY must follow our expect price action.
-Expecting JPY pairs to be bullish for upcoming days, it would be wise to consider taking this trade.
-Due to recent economic events price have shown some bullish momentum and this momentum might continue until 22k and then drop from there. what you all think?
DXY is approching a reversal zone therefore it would be ideal for usdcad to show some bullish momentum.
Expecting EURJPY to reverse at our targeted area for following reasons. - Price needs to FILL liquidity void area. -JPY will strengthen.
-Expecting this move on GJ, it might continue the bullish trend all the way up but it would be hard for jpy to continue weakening.
Expecting GBP to strengthen and as dxy soon be reversing it will helpful for us as AUD will be weakening.
-Expecting USDJPY to be bullish from now on, as we expect the trend to be bullish .
-We are expecting big bullish movement, lets see how it plays out.
-As we previously mentioned dxy has been weakning and that is why we expect price to continue a short term bullish trend before it reverse. However, it may not work out if DXY reverse early.