EURUSD seems to have broken a channel and made a pullback. The EMA50 has just gone under the EMA200 and we seem to be rejecting the 200 aswell, this would signify potentially the start of a downwards move, over next week we can see if this develops further. I Have attached another post which is more on the daily timeframe of EU.
Hey Traders, in today's trading session we are monitoring DXY for a buying opportunity around 106.200 zone, DXY was trading in a downtrend and successfully managed to break it out. Currently is in a correction phase in which it is approaching the retrace area at 106.200 support and resistance area. Trade safe, Joe.
Thinking we're starting to see JPY strength, this is because it can't stay so weak for so long imho. Weak currency suits Japan as an exporter, to a point, but massively affects it's buying power, I do feel like we're approaching the end of this cycle of Yen weakness, by the end of this year. I think this pair broke the rising trendline but has struggled to get...
We are currently seeing some bullishness on this pair with regards to the 1-hour timeframe. We have marked out our zone, as we would expect the market to retrace before moving further to create higher highs. We have the market on the 1 hour timeframe currently making a Bullish PB, and we have done a bit of trade setup, looking and waiting to catch the longs trade...
As promised, we are here with the 4-hour chart analysis. If you have been following our analysis for a while, it would be absolutely clear to you from our charts that we are in a 4-hour bearish swing. The harmet is heading for the daily liquidity target below. We are currently experiencing a bullish retracement on the 4-hour. This is necessary as the market never...
We have seen this pair progress Bearish over the past few days. On the 4 hour and the 1 hour charts, which would be our primary focus for this analysis, the market has been Bearish. But today we have seen a trend shift on the 1 hour. the 1 hour chart has turned Bullish today. Taking a close look at the 4 hour (using the multi time frame analysis taught by Panzy...
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The pair jut landed on a strong support zone. I just opened a long position, I know there is no price action yet but I prefer to deal with a tight SL, also It could shoot up overnight while I'm sleeping :D. On the other side, the Dollar looks strong among other pairs.
– Previous Daily candle closed Bullish around 1984.900 closed above Daily Resistance formed on Monday this week. – Buys on close above 1987.200 targeting 1h Resistance formed around 1992.500, Leaving Runners to the previous Weekly High to fill the wick around 1997.600. – Sells on close below 1978.900 targeting 30min Support around 1973.300, Leaving Runners to the...
Hey folks, As we can see DXY on the upper boarder of its range. On higher TF we didnt have any pullbacks yet. Short for me will trigger if we set below monthly POC!
US dollar is currently on the rise, dancing in perfect harmony with the surging US yield! The US dollar has been flexing its muscles lately, gaining strength against several major currencies. This upward trajectory has been propelled by the impressive rise in US yields, which have been climbing to new heights. It's a fantastic opportunity for us to capitalize on...
H4 channel is updated. DXY is poised to make a deeper correction despite better than expected GDP number.
USDJPY is trading within an ascending triangle formation on a daily. Taking into consideration that the market is trading in a bullish trend, probabilities will be high that we will see one more bullish wave. Your confirmation will be a bullish breakout of the horizontal resistance of a triangle - daily candle close above 150.15. A bullish movement will be...
The 1 hour chart has maintained its bullish momentum fron yesterday. It has gone ahead to clear out the 4 hour zone and breach the 4 hour Bearish PB. Trend is now Bullish on the 1 hour and 4 hour timeframes, and this brings them in sync with the direction of the Daily chart timeframe With our new Bullish PB in place on the 1 hour chart, we have marked out our zone...
Hello,Traders! USD-CHF went up but Is now retesting a horizontal Resistance level of 0.9000 From where I think we will See a local bearish correction Sell! Like, comment and subscribe to help us grow! Check out other forecasts below too!
The pair is Bullish on the 1 hour. With the breach of our zone and PB of the 1 hour timeframe from yesyerday, as is clear that the 1 hour chart has reversed from a bearish perspective to a completely Bullish one. The only trouble here is the on the larget timeframe of the 4 hour and above, the market is still bearish as the Bearish PBs are still in place. It would...
✅DXY will keep growing Because the index is trading In an uptrend and broke Out of the bullish wedge Pattern which means that A further move up is likely LONG🚀 ✅Like and subscribe to never miss a new idea!✅