– Previous Daily candle closed Strong Bearish around 1950.300 filling the rejection wick formed on Tuesday. – Buys on close above 1956.400 targeting 30min previous Support formed around 1960.600, Leaving Runners to the 1h Resistance formed around 1965.200. – Sells on close below 1947.300 targeting Weekly previous Resistance formed on 4th September 2023 around...
I don't believe the BoJ have gotten involved yet, or if they have it's going under the radar. I believe this pair has only slipped due to USD retracement following the NFP and softer labour market data last week. With retailers now net short I think that we'll see another push back up. We have broken my rising wedge line related idea, however unless we break...
Dollar Index reached a confluence point based on a recently broken horizontal support and a trend line. Approaching that the price formed a tiny double top pattern, violated its neckline and a support of a rising wedge then. We can anticipate a further decline. Goals: 105.5 / 105.17 ❤️Please, support my work with like, thank you!❤️
– Previous Daily candle closed Bearish around 1969.300 just below Daily Support formed on 25th October 2023. – Buys on close above 1971.100 targeting 1h Resistance formed around 1974.200, Leaving Runners to the next 1h Resistance formed around 1978.400. – Sells on close below 1967.000 targeting 4h Support formed around 1963.600, Leaving Runners to the 1h Support...
The US dollar is demonstrating notable resilience, bouncing back from key support levels and hinting at a possible upward trend, amid expectations that the Federal Reserve may pause on raising interest rates. This outlook is partly due to October's weaker-than-expected job growth, which could influence the Fed's rate decisions as it aims to balance employment with...
Here is my latest structure analysis for USDJPY. Horizontal Key Levels Resistance 1: 151.68 - 151.75 area Resistance 2: 151.90 - 151.95 area Support 1: 148.75 - 149.20 area Support 2: 148.15 - 148.51 area Support 3: 147.30 - 147.45 area Vertical Key Levels Vertical Support 1: Rising trend line Vertical Resistance 1: Falling trend line ❤️Please, support...
XAUUSD D1 XAUUSD experienced a notable sell-off yesterday, even in the face of a 600-point correction in the DXY. As we recall from last week, we highlighted the market's mixed correlation and potentially misleading confirmations. Presently, this is precisely what we are witnessing: stock indices, the DXY, and XAUUSD all providing conflicting signals. However,...
DXY D1 As previously noted, the DXY currently holds primary relevance within the FX markets, with its correlation not currently synchronizing with movements in US stocks or commodities. For instance, while US stocks are showing signs of decline, the DXY is also on a downward trajectory. In these conditions, we approach our trading endeavours with vigilance,...
AUDUSD reached a solid daily resistance. After a test of the underlined blue area, the pair started to consolidate within a horizontal range on an hourly time frame. Its support violation is a change of character and signifies a highly probable local dominance of sellers. I expect a bearish movement to 0.648 ❤️Please, support my work with like, thank you!❤️
Drawing from our analysis of this pair in the past few weeks, we have seen this pair show considerable movement in both directions: bullish and bearish, especially on the 1 hour and 4 hour timeframes. With the spike across all USD crosses last Friday, this pair, like all other USD crosses, lost its bearishness and u-turned bullish on the 1 hour and 4 hour...
From our analysis of this pair in the previous weeks, we saw a good amount of bearishness. With the close of last week, this pair witnessed a bullish reversal on the 1 hour and 4 hour timeframes, invalidating our bearish zones and PBs and going all the way into the north. Today, we are beginning to see another round of bearishness. On the 1-hour, the market has...
– Previous Daily candle closed Bearish around 1978.000 breaking below Daily Support formed on Thursday 2nd November, forming a new Daily Resistance around 1992.600. – Buys on close above 1980.500 targeting 30min Resistance formed around 1984.500, Leaving Runners to the Monthly Resistance formed in May 2023 around 1989.500. – Sells on close below 1974.900 targeting...
As we can see from the chart this pair has been in a long-term downtrend, and we're now at the top of the falling channel. We've seen support hold around 0.797 so my target will be just above this for a short position this week, a break above 0.8215 will invalidate, breaking both the channel and creating a HH, so this would suggest a potential reversal. I'm...
On the 1 hour, we have seen how the market has danced back and forth in the past few days. In our last analysis from yesterday, we noticed a strong threat by the bulls to invalidate our zone. The zone was finally invalidated and the bulls took over without giving us a chance to take the trade to the downside. Following the bullish shift, we witnessed the market...
From our previous analysis of this pair, we have been able to keep track of a lot of the market and price movements. Analyzing the markets from a 1-hour perspective over the past few days, we have witnessed a lot of back and forths, though in all of those, the market found ways to take us to our targets at each of those instances before catapulting in several...
Looking at gold I think we're seeing a classic candlestick formation, signifying continued momentum. The significant rise of gold due to risk-off geo-political factors has created the pole, profit-taking and uncertainty at these higher levels has caused a slight retracement, however the bears can't take control, which is causing the pennant (LH's with...
AUDUSD D1 AUDUSD is currently perched at the crucial 0.65 handle, with the dollar index experiencing a pronounced decline. A potential respite rally for the dollar might lead to AUDUSD rebounding from the 0.65 level and preparing for its next potential bullish phase. We've not only identified this entry opportunity but also the breakout and retest entry...
DXY D1 We've successfully breached the lower boundary of the previously anticipated support zone, as forecasted last week. There's potential for a retracement to retest the indicated price level before a further decline, aligning with the bearish sentiment on the USD, really looking to see some more dollar weakness unfold this week.