It seems that the dollar index is in the support zone and we will probably have an upward correction in the weekly time frame
Truth be told, I initially was liking this for a sell order however , technical, momentum, DXY all tell me i should really place a buy order. I like this entry, I never place pending orders before 0850 EST.
Here is my latest structure analysis for GBPUSD. Resistance 1: 1.2595 - 1.2620 area Resistance 2: 1.2763 - 1.2830 area Support 1: 1.2500 - 1.2535 area Support 2: 1.2377 - 1.2415 area Support 3: 1.2186 - 1.2220 area Consider these structures for pullback/breakout trading. ❤️Please, support my work with like, thank you!❤️
SLO @ 1.3085 ⏳ TP5 @ 1.3045 TP4 @ 1.2960 TP3 @ 1.2815 TP2 @ 1.2725 TP1 @ 1.2585 BSO @ 1.2475 ⏳ BLO1 @ 1.2455 📈 BLO2 @ 1.2325 ⏳ After a +600 pips profit towards the downside, we are ready to rock towards the upside again.
– Monday Daily candle closed Bearish respecting Daily Resistance formed on Friday 2nd February around 2055s. I’ll be looking for potential Buys above 2029.700 targeting recent 1h Resistance (2038.100) and previous Weekly Support formed last month January at (2045.500). I’ll be looking for potential Sells below 2016.100 targeting recent 4h Support (2009.100)...
GBPUSD price broke below Ascending trendline the after correction, price made a breakdown of the short-term trendline, If price stays below the 1.26900 level I expect the price to move lower Trade Wisely *The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent...
Many so-called "experts" claimed that sanctions were ineffective, citing the fact that the Russian ruble had been artificially lowered to 50 rubles per dollar (as if this were a positive outcome). However, in reality, when a country is heavily sanctioned and isolated from the rest of the world, its imports decrease significantly while oil exports remain...
– Previous Weekly candle closed Bullish rejecting 2 recent Weekly Resistances (2049s) and (2063s) and forming new Weekly Support just below 2020s, Friday Daily candle closed Bearish forming Resistance at 2055s. – One thing I find interesting on Daily timeframe is how Friday daily candle tapped into previous Daily Resistance held around 2030s then rejected and...
Watch the AUDUSD as further weakness is possible. strong NFP, weak AUD news and next week's RBA IR expected to remain as they are.
Here is my latest structure analysis for EURUSD. Horizontal Structures Support 1: 1.0724 - 1.0760 area Support 2: 1.0655 - 1.0670 area Resistance 1: 1.0895 - 1.0930 area Resistance 2: 1.0973 - 1.1000 area Resistance 3: 1.1106 - 1.1140 area Vertical Structures Vertical Support 1: Falling trend line Consider these structures for pullback/breakout trading...
Dollar Index successfully violated a key horizontal resistance on a 4H time frame after NFP release yesterday. We may anticipate a further growth now. Next resistance - 104.14 ❤️Please, support my work with like, thank you!❤️
In the context of technical analysis, DXY (US Dollar Index) has recently breached a crucial resistance level at 103.800, signaling a potential buying opportunity. However, it's currently in a corrective phase, retracing towards this breakout area. This technical setup suggests a strategic entry point for traders eyeing bullish positions on the dollar. Adding a...
📊🔍 NFP Strategy Unveiled: Smart Trades with FX Professor! 💡🔄 Dive into the heart of the forex market with me, your FX Professor, as we anticipate today's Non-Farm Payroll (NFP) and average hourly earnings release. Here's my simple, yet strategic approach to trading EUR/USD amidst this pivotal economic data release. Decoding the NFP: A robust NFP with lower...
Hello,Traders! EUR-USD broke out of The narrowing wedge pattern So we are now locally Bullish biased and we Will be expecting a Further move up Buy! Like, comment and subscribe to help us grow! Check out other forecasts below too!
Dollar Index is testing a support of a horizontal range on a daily now. Ahead of the non-farm payrolls report, watch carefully the intraday price action. The price is currently consolidating within a narrow range on an hourly time frame. Its resistance breakout can give us a strong bullish confirmation. Hourly candle close above 103.1 will confirm a...
Non farm payroll is today and my projection for GBPUSD is that it will long, but for that to happen, I am projecting a retrace to the 50EMA where it is our area of interest before it buys to 1.27588.
Hello,Traders! DXY broke out of the Bearish wedge pattern Which makes us bearish Biased and I think that We will see a further Move down Sell! Like, comment and subscribe to help us grow! Check out other forecasts below too!