OANDA:XAUUSD 1/ US Fed's Interest Rate Stance: Neal Kashkari's remarks on maintaining a high interest rate amidst rising inflation could bolster the US dollar 2/ Middle East Tensions: Israel's limited operation in Rafah has stalled the upward momentum of gold prices, indicating a temporary halt in geopolitical concerns 3/ Impact of Interest...
In this hourly chart analysis of XAUUSD, we're tracking the gold price within a well-defined descending channel, offering a strategic perspective for a potential short opportunity. The price has recently touched the upper boundary of the channel and has shown rejection, signaling a bearish continuation as per the historical pattern observed in this channel...
DXY H4 Dollar is moving as expected, bouncing from that 105 price we were marking up and focussing on from last week. Following all the economic data points, support held out and corrected perfectly. We have since approaching 105.600 price, a key area of S/R. This also ties in with GBPUSD support price. An area where we may see a bit of a correction (as...
Currently in a bearish channel with the short-term trend line recently broken. Consider two short entries: First entry: Short from 2325.40, a significant level in the chart. Second entry: Short from the zone comprising the weekly pivot, top of the channel, and a reversal point. Target price (TP) could be around 2287.00.
Based on last week's analysis we talk about GBP/USD We expect similar move to occur. watch the video to understand my perspective Thank you! Please follow for more breakdowns!
I have analyzed why USD/JPY is repeating a similar pattern from 2022, and it's likely that we could see the same reaction. Please watch the video and share your thoughts. Follow for more breakdown!!
Based on the weekend analysis on eurusd we talked about the dollar strengthening,and now we see multiple rejection on H4 & H1 Timeframe (sort of triple top formation) So we have nice confluence with trendline plus the break of the neckline of triple top. so we still need price to be below the daily head and shoulder pattern. around 1.07400 level. This was...
Layers 2304 - 2302 Sl @ 2396 1st tp @ 2308 2nd tp @ 2314 3rd tp @ 2319 4th tp @ 2328
GBPUSD H4 Similar outlook to XAUUSD, we have already shown a response to our indicated sell zone, albeit, just at the wrong time. GBPUSD pinned into our 1.26 confluence zone following the cluster of data we saw on Friday. If this zone sees another test of 1.26, this could be something we look to short, in line with USD strength.
We are into some typical trading volume after the bank holiday period. 105 support seems to be holding nicely for the moment, more volume to flow in as we see in NA morning and US stock market open. Really hoping to see the dollar gain from here and therefore looking for *USD shorts and USD* longs.
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Here is my latest structure analysis and important key levels to watch on Dollar Index. Support 1: 103.88 - 104.1 area Support 2: 102.93 - 103.25 area Resistance 1: 105.41 - 105.58 area Resistance 2: 106.37 - 106.52 area Consider these structures for pullback/breakout trading. ❤️Please, support my work with like, thank you!❤️
#dxy #dollar index is bounced hard and preparing for a strike on #markets #crypto #stocks #commodities . Not financial advice.
Currently, the dollar trend indicates a bearish direction, suggesting that pairs I typically trade, such as GU, EU, and gold, may rise. Presently, I anticipate a retracement to occur towards an 8-hour supply zone I've identified, facilitating the continuation of the bearish trajectory. This ideally aligns with my strategy until the price drops to around the 104...
We are in a down trend and currently in the corrective phase of the leg. We have not gotten a multi touch confirmation but we got a second touch which is also still valid to use. Price tested the previous high and rejected. Going down into lower time frames. The are 3 bearish soldiers from that rejection which show further market strength. We are in a very...
It's essential to understand that gold prices are influenced by a myriad of factors, including economic data and central bank policies. Recently, the Non-Farm Payrolls (NFP) report, a key indicator of economic health in the United States, came in weaker than expected. This unexpected weakness in job creation has led to speculation that the Federal Reserve may be...
All that I talked about last week is on the links below you can now have a broader perspective on a weekly to weekly basis on how I view the market NOTE: always manage your risk. Take it slow don't rush! Thank you and Please Follow
Dollar strength bottoms historically marked the tops of the Bitcoin bullrun. If the dollar is used to buy Bitcoin, then if the dollar loses strength, more dollars are needed to buy Bitcoin, right? Then if, in the future the dollar crashes hard, can Bitcoin make a super bullish rally?