Not sure if this is the big short or not yet, but looking at price action it's been a jog up to this point, rather than a sprint, this tells me we're fine to short until at least the ascending dynamic trendline that reversed the last short. We have an engulfing candle on the 1 hour, followed by a long-body doji, so I think we're going to see a push down. If we...
USDCAD is testing an important intraday high. The price formed a tiny double top formation, approaching that. Its neckline breakout signifies a local change of character and strength of the sellers. I expect a pullback at least to 1.3775 ❤️Please, support my work with like, thank you!❤️
EURUSD is testing a peculiar confluence zone based on 382 fibonacci retracement of the last bullish impulse and a horizontal demand zone. The price formed a doji candle on that on a 4H and as a confirmation - a tiny double bottom on an hourly time frame. I expect a pullback now to 1.0700, 1.0717 ❤️Please, support my work with like, thank you!❤️
On this pair, we see that the market is on bullish swings on both the 1 hour and 4 hour charts. Price is currently testing the large 4-hour zone and looks like it is beginning to slow down on the bearish dive. Below the current zone is a refined 1-hour zone. From my experience in the market over the years, I have come to the conclusion that there is a strong...
USDJPY is rising towards a swing-high resistance and could potentially reverse to drop lower towards our take profit target. Entry: 151.703 Why we like it: There is a swing-high resistance level Stop Loss: 152.087 Why we like it: There is a resistance level that aligns with the 100.0% Fibonacci projection level Take Profit: 150.579 Why we like it: There is an...
– Previous Daily candle closed Bullish around 1958.400 forming Daily Support around 1950.300. – Buys on close above 1964.400 targeting 1h Resistance formed around 1969.500, Leaving Runners to the next 1h Resistance formed around 1974.500. – Sells on close below 1956.000 targeting Daily Support formed around 1950.300, Leaving Runners to the 1h Support formed around...
That fundamentals last week had a serious impact on this pair. The FED held rates with a dovish tone, and then the cooling labour market data slammed the USD. The BoE also held rates, but with a hawkish tone. UK data is not great, USD real yields are stronger, and there are still global tensions which are normally strong for the dollar, that said, this pair has...
Dollar Index is currently approaching a solid horizontal resistance. The market formed a head and shoulders pattern formation on that on a 4H time frame. Monitor the reaction of the price to its neckline. If a 4H candle closes below 105.43, a bearish movement will be expected. Targets will be 105.16 / 104.97 ❤️Please, support this video with like and comment!❤️
AUDUSD formed an ascending triangle formation, testing a strong daily demand zone. I will anticipate a pullback from the underlined area. Goals: 0.6433 / 0.6443 ❤️Please, support my work with like, thank you!❤️
USDCHF is rising towards an overlap resistance and could potentially reverse to drop lower towards our take profit target. Entry: 0.90230 Why we like it: There is an overlap resistance level Stop Loss: 0.90709 Why we like it: There is an overlap resistance that aligns with the 78.6% Fibonacci retracement level Take Profit: 0.89534 Why we like it: There is a...
The recent turbulent fluctuations witnessed in the strength of the US Dollar have left experts bewildered and traders on edge. As we navigate through these uncertain times, it is crucial that we take a moment to pause and reevaluate our trading positions before potentially exposing ourselves to unnecessary risks. The unprecedented volatility of the US Dollar has...
– 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,...