✅DXY broke a strong resistance level Which has become a support level know And the breakout is confirmed So after a potential retest of the level I am expecting bullish continuation! LONG🚀 ✅Like and subscribe to never miss a new idea!✅
As you can see we are trading in a large fractal pattern , with the STOCH RSI heavily overbought . The USD is showing short term strength, but it is trading in a firm fractal. I believe we will see the USD Index fall into the new year, retesting the bottom trendline of the fractal. Furthermore, we may see the price completely fall out of the fractal. ...
NFP coming up and i do not seem to agree with the 'news' : The US Bureau of Labor Statistics (BLS) will release the September jobs report on Friday, November 5 at 12:30 GMT and as we get closer to the release time, here are the forecasts by the economists and researchers of 10 major banks regarding the upcoming employment data. Investors expect Nonfarm Payrolls...
GBPUSD H4 Another trade hitting TP comfortably, identified the area of support for reversals, then forecast a corrective relief rally target, 1.37 pinned and rejected. Complimented by a hawkish outlook ultimately from the FED last night. Hopefully a trend setter going forward. Lets see our response to 1.36200 support.
EURGBP H4 Another really good opportunity here for EG longs, we sold off from 0.85080 down to around 0.84770, pulled back and then since we have seen the second wave downside. Hopefully we can find support around this region so we can look to execute long orders back up to that 0.85 region.
DXY H4 Actively pressuring that 94.00 whole number price, we commentated on this during the technical rundown video posted above. Looking to push higher, maybe correct at the next area of supply before then gearing up to break 94.200 to trade up towards that 94.500 price.
I have spotted a short, continuing on from my short call back in April. (yup, that long ago) Price has broken below level making me think further downside. I have broken the chart down here. 1% Risk 2:1 RR
The dollar index is now in the vital and resistance area We expect that if it breaks the area of 93,550, it can rise to the next resistance of 94,200. Otherwise, it will face a decrease in demand and an increase in supply to the trendline (descending) Please follow us
I see the correction that is happening, to me price has just not settled deep enough. We will see what is happening. I have a demo/paper trade showing, illustration purposes. Manage risk and read the charts.
It’s probably far too premature to suggest that Dollar/major and EM pairs may have marked out boundaries for the big BLS release already, but the index looks pretty restrained having slipped into a lower range either side of 92.200 and just above the last fairly recent low ahead of 92.000. Thursday’s more encouraging US jobs data proxies have not made a lasting...
Several Fed speakers are lined up to appear on CNBC before KC President George officially opens the annual JH event, but markets are waiting in anticipation for Chair Powell to deliver his speech on the economic outlook for any clues on further progress towards the substantial benchmark for igniting the taper that might come at September’s FOMC. Hence, the Buck...
I am still bullish on Gold, here is my video break down on a Friday baby! note: Weekly chat. This takes time. Good luck out there guys.. trade your system! 1% Risk - 2:1 RR
hey guys , i think we have a double bottom in the Dollar index , and we have a very important price resistance zone that can be our neckline for the double bottom pattern . if price can break the neckline , after the pullback we can buy dollar Vs. other currencies in the forex.
As we published in the previous charts of the dollar index, the US dollar can grow up to the 95 range Rising inflation and the price of the producer index and improved the employment environment Yesterday, the Federal Reserve signaled a decline in bond purchases that strengthened the dollar The dollar index could grow as low as 95 Changes in the Federal...
* If we focus on where the doxy (dollar) is bearish point, we see that there are two potential points for sale (estimate). »One point - DXY or dollar first selling point is the area around 93.10. »Second point - We see the area around 93.85 + in the second point for the Bearish. Hopefully, our trading estimates will be effective and will help your trading....
As Westpac puts it, the Dollar is effectively in a win-win situation, as it retains a firm underlying bid when sentiment turns bearish due to heightened concerns about the adverse impacts of this so called Delta variant, but also during periods of less anxiety and when attention switches back to the more hawkish-leaning FOMC alongside risks that inflation may not...
The dollar was softer with DXY sub-92.50 this afternoon after a rather dovish Fed Chair Powell, who in his testimony reiterated that inflation was likely to remain elevated in the coming months before easing and expectations are broadly consistent with the Fed target, suggesting he is not concerned following yesterday’s hot CPI. He also struck his dovish tone,...