Although it is true, it is against an uptrend, but DXY is completely stretched and needs a pullback (and so does the Australian). In analysis: It has reached the upper end of a daily ascending channel, and is no longer far from monthly resistance. Shows good signs of strengthening in declines. Only for these reasons - I will take this scalp - *but only if it is...
The general momentum is upward, and it still has a long way to go. And on the other hand, there are good signs for a short-term short: a "tense" graph, decreasing volume and significant resistance. The convergence in the triangle will allow a better understanding of where it will move. Break up (Supports, Volume, Dixie Descends) - Long. Break down - short.
First of all - the trend right now downwards. Dixie may seem a bit weak at the moment, but in the short term it will probably rise (perhaps until the publication of the CPI in the US tomorrow). Entry very soon with a short stop. There is a descending triangle here that has broken upwards, but it seems to me to be an excellent trap for a long, so I go short. I'm...
I think it will go up first to 1.267, but the obvios things are known to everybody... So I'll look for short earlier. It will take some time...
So we all know it's the graph of gold... Average 200 in orange, average 20 in red, the candles are colored in reverse (declining in green and rising in red) - and that's it. Totally totally upside down So if we disconnect for a moment from all expectations, desires and hopes and look at this graph as if without recognizing it (as much as possible): If someone...
It cooks exactly like in a recipe book... The middle support is according to the weekly chart. No need to bet, just wait to see where it will break: If the momentum will be really significant - enter, if not, wait a bit for some manipulation, then enter. I assume the chart is waiting for whatever news to make the move, although it's better not to exit during...
Following on from the previous plan (if I'm right...) the pound is now on the way up. In the graph you can see that it has reached a significant level, has already risen from it several times, and is now rising again with a correct pattern of decline and then an increase to the top of the descending triangle. Hopefully it works, it's short term scalping. I went in small
I admit that with this one you need courage... but, "who dares - wins" (maybe). It's a long story to explain what I see, but even though the direction is short at the moment, the long looks great (even if it will be with a lot of zigzags), from there I will look for a short
All based on technical analysis. I will wait for a second leg to enter the deal The DXY is still weak and seems to be on its way to check the 102.6 area again The GBP is still strong and after a correction. The goals seem correct to me only for the next few days.
1. The DXY is quite weak and it seems that it is going to keep going down to 102.6 2. USDCAD in the long term - reached a significant resistance level. 3. In the daily range - broke the rising channel (while building a downtrend). If I'm seeing correctly (and I'd love for you to correct me...) head and shoulders + red engulfing candle on Friday + breakout from...
I just think they have a similar smile... I believe that New York time will trigger the bulk of the traffic.
A strong upward trend (yesterday's short did not materialize...) And now builds a channel upwards, out of the descending channel. Those who are less interested in risk - it seems better to wait for support before joining the continuation
I admit that it's risky, because overall it's against the trend, but it's hard not to see it.. In total, in the last few days it corrects excellent rises, and looks pretty good to continue down to the trend line or close to it, and from there most likely to continue up (there is an engulfing candle in the weekly which it also corrects). The pattern of a cup and a...
At high intervals - gold is supported by the 200 moving average, and reaches resistance with strength and a significant weekly candle, after undergoing a correction. In low intervals he still has to deal with the 200 average he has reached now. It seems all set to build head and shoulders after dropping back from the 200 average towards the 20 average on the...