I expect the downside to continue.. its just a matter of when.. it is building bearish divergence on all time frames... STOP : 134.850 ENTRY: 134.450 TP1: 133.046 TP2: 131.939
I feel like the DXY will reach 94 this week. it keeps turning the old resistance into support.. The Fed does come in and talk this week. I don't believe they will stimulate the markets or be too quick to turn on the printer until the election is over, due to the fact that they won't allocate gov spending without knowing who will be in office. Also the stock market...
Just here micro managing the levels on dxy until she decides where wants to go!
Cad/Chf has reached the high point on the all time downtrend.. This is a short term short until Wednesday September 5th, 2020. Thats when the Canadian Central Bank decides on their 'Overnight Rate' and make a statement shortly following. Also the Bank of Canada will make a brief statement the next day, which always leads to volatility and may lead to CAD strength....
i THINK WITH BAD USD NEWS WE CAN POSSIBLY SEE 1.20 - 1.22 IN THE NEAR FUTURE
My chart features a setup for a potential Gbp/Aud Buy. The top chart shows key support and resistance zones on a daily level. On the bottom chart, I zoomed out to show that price may be at support level for the ride back to the upside. My RSI isn't shown on here but if you're interested you can see there is a hidden divergence. With all of the news this week, I'm...
The U.S. Dollar is said to be in free fall but it has many levels of KEY support to fight through if it does. Right now it is stuck in a consolidation zone between 93.32 & 92.08. It recently tested the highs and shot back down. I believe 92.79 is the new short term support that turned resistance. This week I will be looking to see if the Dollar Index comes back to...
I believe this pair is has formed a harmonic bullish bat. I believe price should either follow trend within my pitchfork.
i posted this in the chat first, this is mainly for me to test my pattern structure recognition!