DXY (Dollar Index) is on decline as illustrated on chart. Red rectangles are "possible" supports for DXY that EURUSD Long holders wish for DXY to fail at for more EURUSD upside strength. Makes sure to see previous EURUSD predictions to better position Long EURUSD trades. A earlier Prediction Link: Like, Share, Follow, and Support this channel for yet better...
On Larger Time-Frames (4 Hr upwards) USD (DXY) isn't on top 3 of the weakest Currencies though this could change. AUD has been the weakest for Days, Weeks, and Months. Highly unlikely DXY will achieve such weakness to aid upside rally on EURUSD. Without ignoring preceding EURUSD predictions posted on this channel, immediate view of Price-Action has the following...
On Larger Time-Frames (4 Hr upwards) USD (DXY) isn't on top 3 of the weakest Currencies though this could change. AUD has been the weakest for Days, Weeks, and Months. Highly unlikely DXY will achieve such weakness to aid strng upside rally on EURUSD. Without ignoring preceding EURUSD predictions posted on this channel, immediate view of Price-Action has the...
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What happens when DXY goes UP? (1) You BUY USD against other currencies eg you go LONG on USDCHF --OR (2) Sell other currencies against USD eg you SHORT EURUSD or GBPUSD What happens when DXY goes DOWN? (1) You Sell or Short USDCHF --OR (2) You BUY/LONG on EURUSD and GBPUSD Like, Share, Follow, and Support this channel for yet better content. Thank you and...
Though on a very large timeframe (M), the published DXY chart (or Dollar Index chart) has key-price levels to better assist or to better prepare you for the bigger upside or downside market moves when trading USD pairs. So, always, before going Long or Short on USD pairs-- see what the Dollar Index has to offer and be sure to be with it for the big moves. What...
As is Price is trading above marked Buy-Zone with two lag-zones ahead of price as noted on chart. See other NZDUSD ideas under profile for earlier noted advanced targets: If you like this idea: Like, Share, Follow, and Support this channel for yet better content. Thank you and happy trading.
Currently NZDUSD is trading few pips above a Great Buy-Zone. A test of this zone increases the chance of price advancing to the upside (when the time is right) to a high in the region of 0.67257. A high target of 0.67257 has chance to get altered only if Price tests lower targets 0.63079, 0.63004, and 0.61853. Other factors that may hinder (or slow-down)...
On Long bias, Price is sitting on support with marked immediate upside target. Like, Share, Follow, and Support this channel for yet better content. Thank you and happy trading.
On 4Hr NZDUSD Chart analysis, price has upper trend-line on decline and trading potentially in decline channel. Second and important observations are two buy-zones-- one failed and the other yet to be tested. Plenty of trading opportunities (with the trend or counter-trend) are available by trading the available setups. Like, Share, Follow, and Support this...
EURGBP is currently trading below $0.83678,a signnificant level. Comparing Weak Vs Strong currencies this past week (end 2/14), GBP shored much much much more strength whereas EUR traded as the weakest of all currencies-- meaning a SELL bias for the pair. Monthly chart analysis has the pair looking to test Supports for bounce. A good technical approach on this...
Earlier post with channel analysis provided confluence of Resistance to this pair. This current post has a critical levels approach with short bias and target levels to the pair. If you like this content: Like, Share, Follow, and Support this channel. Thank you and happy trading.
Comparing Weak Vs Strong currencies this past week (end 2/14), EUR shored weakest of all currencies whereas AUD relatively strong of the two currencies-- meaning a SELL bias for the pair. Monthly chart analysis has the pair price at confluence of Resistance. A good technical approach on this pair should provide awesome short opportunity. Like, Share, Follow,...
This post has aim to exhaust earlier NZDUSD analysis with Bias for Long. Like, Share, Follow, and Support this channel for future content. Thank you and happy trading.
This analysis takes slightly different approach but same Long direction for bias. Like, Share, Follow, and Support this channel for future content. Thank you and happy trading.
Follow closely on the next post for a deeper look into EURCHF Potential price action and possibly direction. LIKE, SHARE, FOLLOW, AND HAPPY TRADING!
QUITE A HECTIC TRENDLINE! PRICE COULD TEST LOWER 4 HR TARGETS FOR BOUNCE. IF NOT, THEN TRENDLINE BATTLE FOR UPSIDE COULD PERSIST FOR UPSIDE TARGETS FOLLOWED BY REJECTION. LOWER TARGETS ACTIVE DEPENDING ON PRICE ACTION AT CURRENT TRENDLINE (AND AFTER REJECTION FROM UPSIDE TARGETS). LIKE, SHARE, FOLLOW AND HAPPY TRADING!