Bearish Indications
• Resistance Zone at 1.06428
• Seasonal Analysis show
EXY
remains Bearish in January 60% of times.
•
DXY
is in a Bearish Trend on Weekly time-frame.
• Gartley’s XABCD the point D indicates a reversal in the Zone of 1.06428 to 1.06605
• Monthly Seasonal analysis shows
DXY
remain Bullish in January 60%.
•
EXY
remained Bullish in December 2022 which indicated to a point that seasonal are working so far.
• Weekly Seasonal Analysis show
EURUSD
remain Bearish in 3rd Week of January
•
DXY
is at a significant Support Zone 103.780 from where a bounce back is possible.
• Slight Divergence spotted on ChandeMO Oscillator on
EXY
.
Bullish Indications
• 4hrs time-frame Higher Highs and Higher Lows formation.
• 4hrs time-frame Three White Soldiers candle pattern.
• Significant Support Zone at 1.06322
•
EXY
is in a Bullish Trend on Weekly Time frame.
• Weekly Seasonal Analysis shows
EURUSD
remains Bullish in 2nd Week of January.
• On Weekly timeframe
DXY
price action show an inverted hammer candle which indicates sellers are in control.
• Traditionally
EXY
and
DXY
are negatively correlated.
Biased: Short
Trade PLAN (Short)
Entry: 1.06556 (Fib Lvl 78.6%)
TP: 1.05711 (Fib Lvl 38.2%)
Stop Loss: 1.06881 ( Support area / Higher High/ Fib Lvl 88.6%)
Risk/Reward: 1:2.39
N.B.
Manage your Risk Accordingly.
• Resistance Zone at 1.06428
• Seasonal Analysis show
EXY
remains Bearish in January 60% of times. •
DXY
is in a Bearish Trend on Weekly time-frame. • Gartley’s XABCD the point D indicates a reversal in the Zone of 1.06428 to 1.06605
• Monthly Seasonal analysis shows
DXY
remain Bullish in January 60%. •
EXY
remained Bullish in December 2022 which indicated to a point that seasonal are working so far. • Weekly Seasonal Analysis show
EURUSD
remain Bearish in 3rd Week of January •
DXY
is at a significant Support Zone 103.780 from where a bounce back is possible. • Slight Divergence spotted on ChandeMO Oscillator on
EXY
. Bullish Indications
• 4hrs time-frame Higher Highs and Higher Lows formation.
• 4hrs time-frame Three White Soldiers candle pattern.
• Significant Support Zone at 1.06322
•
EXY
is in a Bullish Trend on Weekly Time frame. • Weekly Seasonal Analysis shows
EURUSD
remains Bullish in 2nd Week of January. • On Weekly timeframe
DXY
price action show an inverted hammer candle which indicates sellers are in control. • Traditionally
EXY
and
DXY
are negatively correlated. Biased: Short
Trade PLAN (Short)
Entry: 1.06556 (Fib Lvl 78.6%)
TP: 1.05711 (Fib Lvl 38.2%)
Stop Loss: 1.06881 ( Support area / Higher High/ Fib Lvl 88.6%)
Risk/Reward: 1:2.39
N.B.
Manage your Risk Accordingly.
Trade closed: stop reached:
Trade is closed due to Stop Loss hit but, we can look into this theory in a broader terms.