Hey Traders, in this week we are monitoring DXY for a selling opportunity around 104.500 zone, DXY is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 104.500 support and resistance area. Trade safe, Joe.
I think DXY will raise to 104 - 104.5. There is a great +RD and dollar is on the value area.
I am waiting to buy oil in the value area ( 73 - 75 )
It seems that the market thinks the Fed is going to reduce the interest rate in 2024, but fed never say that we are going to do that. Furthermore, the DXY is near support area with a +RD. I believe there will be a correction in Nasdaq.
After predicting the Yearly High for DXY , im focused on getting this pullback and have another full rotation of this current range. Keeping things as simple as possible for the dollar , No need of complications
DXY D1 The dollar index has displayed robust corrective movements in recent weeks, buoyed by a diverse set of supporting data points. The 103.000 handle emerges as a pivotal support zone, potentially paving the way for a substantial rebound in the USD. It remains to be seen how events will unfold. Examining the market from its swing low to swing high, a...
AUDUSD D1 AUDUSD has gracefully hovered within the 0.63 to 0.65 range, a trend that persisted until the recent breakout spurred by the dollar's softening. The 0.65 handle encountered a noteworthy rejection, mirroring the resistance observed at cable 1.25. In light of these developments, a straightforward break-and-retest scenario cold unfold, suggesting the...
Dollar Index broke and closed below a key horizontal daily support this week. After the violation, the price was coiling for some time within a narrow horizontal range on a 4H time frame. The release of US housing data on Friday was very bearish for the Greenback. The price violated a support of the range, giving us a strong intraday confirmation. We may...
USD/JPY is falling towards an overlap support and could potentially bounce off this level to climb higher. Buy entry is at 146.560 which is an overlap support that aligns with the 38.2% Fibonacci retracement level. Stop loss is at 144.30 which is a level that sits under an overlap support that aligns with the 50.0% Fibonacci retracement level. Take profit is at...
USD/CAD is falling towards a swing-low support and could potentially bounce off this level to climb higher. Buy entry is at 1.36661 which is a swing-low support. Stop loss is at 1.36150 which is a level that sits under another swing-low support. Take profit is at 1.37600 which is a pullback resistance that aligns under the 61.8% Fibonacci retracement level. ...
– Previous Daily candle closed weak Bearish around 1977.800 as price respects the Daily Resistance formed on Friday last week. – Buys on close above 1983.600 targeting Monthly Resistance formed in May 2023 around 1989.700, Leaving Runners to the 1h Resistance formed on 3rd November 2023 around 1995.200. – Sells on close below 1973.700 targeting 4h Support formed...
Here is my latest structure analysis for EURUSD. Resistance 1: 1.0920 - 1.0650 area Resistance 2: 1.1015 - 1.0946 area Support 1: 1.0736 - 1.0775 area Support 2: 1.0658 - 1.0684 area Support 3: 1.0495 - 1.0536 area Support 4: 1.0447 - 1.0468 area Consider these structures for pullback/breakout trading next week. ❤️Please, support my work with like, thank you!❤️
USD/JPY is rising towards a multi-swing-high resistance and could potentially reverse off this level to drop lower. Sell entry is at 151.794 which is a multi-swing-high resistance that aligns with the 61.8% Fibonacci projection level. Stop loss is at 152.570 which is a level that sits above the 78.6% Fibonacci projection and the 127.2% Fibonacci extension...
Don't forget that everything is linked. " BTC down. World Economy Down. strengthening Dollar index to rebuy lower stocks. " Happy Tr4Ding !
- Small pump then Dump. - Keep it simple. - Everything in graph. - Older analysis. 👇👇 Happy Tr4Ding !
– Previous Weekly candle closed strong Bullish at 1980.700 forming strong Weekly Support around 1938.400, Friday Daily candle closed weak Bearish forming weak Daily Resistance around 1981.400. – Buys on close above 1984.800 targeting 30min Resistance formed around 1990.200, Leaving Runners to the 1h Resistance formed on 3rd November 2023 around 1995.200. – Sells...
Seeing this pair reject from either the current local resistance boundary or if not the longer term descending trendline. I'm expecting NZD weakness in the coming week so monitoring LTF's carefully. I believe we'll be dropping down from either 0.538 or 0.543, a break above this latter number could signify reversal.
Looks like USDJPY has broken down through the rising trendline, there was a slight recovery at the backend of Friday, this indicates we could see a short retracement from here to test the trendline break, and then down. The Yen performed well at the start of Friday, I don't believe this was BoJ intervention, as they have said that they expect the fundamentals to...