Here is my latest structure analysis for EURUSD. Resistance 1: 1.0736 - 1.0775 area Resistance 2: 1.0920 - 1.0946 area Support 1: 1.0668 - 1.0695 area Support 2: 1.0495 - 1.0536 area Support 3: 1.0447 - 1.0468 area Consider these structures for pullback/breakout trading next week. ❤️Please, support my work with like, thank you!❤️
Following from last week hectic week of news events, we had a nice end on NFP friday giving us a clear indication on what price wants to do. As you can see the dollar has been ranging on the higher time frame, generating liquidity and testing new possible highs however failed to do so. Scenario (A) - We have a strong bearish candle breaching the low of the range,...
TVC:DXY Analysis, expecting to go after the IFVG so we bounce from that looking after the EQLs and Weekly Bisi, if we form a breaker on Daily that'd be nice since it would fuel our move straight to the Daily BPR & VI, i expect DXY to bottom there.
As you can see from US dollar chef you're probably starting to recognise that there is a clear pattern here we have a freshly established swing with a swing high and a swing low giving us the exact opposite of what we've seen with our usd secondary pairs which is of course a bullish range in this case we have a bearish range breaker structure has occurred at the...
Here's a look at DXY US DOLLAR INDEX on a 12 month chart. This year, it's the second time it signalled a big shift on the upper histogram, last time it did was 2021. Is this the start of the big fall for the USD. This may last for a few years -- worse a decade. Again it may or it may not happen, but the 12-month chart doesn't change mind often. I guess we'll see..
Hello,Traders! DXY broke the key Horizontal level of 105.500 And the breakout is confirmed So I will be expecting a swing Move down towards the Horizontal support of 104.500 Sell! Like, comment and subscribe to help us grow! Check out other forecasts below too!
It turned out that we got very bad NFP release, yesterday. Dollar Index immediately reacted, and the market formed a huge bearish candle on a daily. With one single candle, the Index successful broken a support of a wide horizontal range. It is a sign of a confirmed bearish reversal. The index will most likely drop to 104.5 support soon. ❤️Please, support...
Dxy is going through a critical period, after several weeks in a row it lost a bit of its price, the ultimate test, that is, the neckline was finally broken and now it seems that it has room to go down. I have mentioned the important areas. The FED meeting in December can help DXY in a comeback if this will be a Hawkish meeting, but at the moment December is quite...
Hey Traders, in the coming week we are monitoring DXY for a buying opportunity around 104.800 zone, DXY is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 104.800 support and resistance area. Trade safe, Joe.
Check out the support line. Price keeps bouncing of it and at the same time forming a falling wedge. I'll keep an wye on this, I want a little more price action to jump in. But looks vert tempting.
Hello,Traders! EUR-USD is retesting a Horizontal resistance of 1.0683 From where I think we will See a local move down Sell! Like, comment and subscribe to help us grow! Check out other forecasts below too!
Will the market get a taste of reality from today's loaded economic calendar for North America? US Dollar, DXY, is headed towards last month's lows. But, we are Day 3 in the 3-day cycle on a Friday down low in this week's template. If the NFPs and ISM/PMI cumulatively counter the dovish Fed narrative, fasten your seat belts and get ready for a surprise!
Here are the updates & outlook for multiple instruments in my watchlist. 1️⃣ #EURUSD daily time frame 🇪🇺🇺🇸 The market is trading within a wide horizontal range on a daily. The price nicely respected its support and the yesterday's FED decision to keep the interest rates will most likely push the prices higher to the upper boundary of the range. 2️⃣...
– Previous Daily candle closed small Bullish around 1986.100 forming weak Daily Support around 1982.300. – Buys on close above 1990.500 targeting 1h previous Support formed around 1995.600, Leaving Runners to the 1h Resistance formed around 2002.500. – Sells on close below 1981.200 targeting 4h Support formed around 1977.200, Leaving Runners to the Daily Support...
Daily/4h/1h time frames analysis. Price action. Important key levels. Potentials scenarios. Trading plan explained. ❤️Please, support this video with like and comment!❤️
🏃♂️The DXY Index is moving in a Descending Channel . 🌊According to the theory of Elliott waves , it seems that the DXY Index is forming a Double Three Correction(WXY) inside the descending channel. 🌊Currently, the DXY Index seems to have completed the microwave A of the main wave Y. 🔔I expect microwave B from the main wave Y to fill the upper...
As we can see price has is currently respecting the descending trendline again. I'm expecting the BoE to maintain their hike-pause stance, this result is already baked into the price... I'm placing a small trade on the basis that my expectations will be correct... If there's a pause or reduction (highly unlikely) I'm expecting a fall back to around 1.208 to...
📉 Riding the Gold Wave: XAUUSD Short Analysis with Elliott Wave Precision 📊🌊 Attention, traders! Prepare to navigate the precious metals market with confidence as we delve into a captivating short analysis of XAUUSD. Using the art of Elliott Wave Analysis, we'll decode wave patterns, identify key support and resistance levels, and discuss strategic entry and exit...