So,I mentioned before I am going long on dollar because of many economic indicators suggests long. We got CPI not easing and it is bullish for dxy We got NFP also showing strength of labor market Last FOMC minutes report also says high interest rates might be possible for longer time
USD/CHF has broken below a pullback support and the bearish momentum could potentially drive it lower. Sell entry is at 0.89866 which is a pullback support. Wait for the current 1-hr candle (14:00 UTC +8) to close prior to initiating a trade. Should the 1-hr candle at 15:00 (UTC+8) open underneath the Sell entry, open the short trade at market. Stop loss is at...
The data coming out of the US continues to support an additional hike this year, with all FED speakers continuing their hawkish stance to return inflation to the 2% target, so getting more likely there'll be a hike in November IMO. Seeing stagflation in the EUROZONE, also real bond yields are positive in the US which makes the USD mo5re attractive, this all makes...
Expecting another hike from the FED in November, supported by hawkish comments across the board to focus on reducing inflation to 2%, this is supported by positive data. Real yields (bond yield - inflation) are positive for the dollar, they're negative for GBP and EUR. We may still see another hike from BoE but the economy is in a mess. Need to watch for US...
Hey Traders, in today's trading session we are monitoring DXY for a buying opportunity around 105.800 zone, DXY is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 105.800 support and resistance area. Trade safe, Joe.
Hello dear traders I think we are nearing the end of the rising wave... Is it time for correction? There are 2 scenarios to start price correction with tecnical and fibou extention and there are many reasons for fundamental : In a recent tweet, Kiyosaki sounded the alarm bells, pointing to a conversation he had during a podcast with journalist Dr. Nomi Prins, who...
✅USD_CHF wasa trading Along the rising support line But now we are seeing a Bearish breakout so we are Bearish biased now and we Will be expecting the Price to go down SHORT🔥 ✅Like and subscribe to never miss a new idea!✅
On a short term scale, I see Gold heading higher towards $1,957 - $1,965 to complete its current bull move. We also have pending liquidity above the previous Wave 4 (X) high. Wait for a small sell dip lower & let price settle, before looking to enter any buy positions. If price don’t settle, then no move to enter.
📉 XAUUSD Analysis - Short Trade Opportunity 📈 Embark on a captivating journey through the world of Elliott Wave Analysis as we unveil a promising short trading opportunity on the XAUUSD (Gold) pair. 🌊 Wave patterns are indicating potential downside, with Wave 5 gaining momentum and suggesting a possible corrective move. Join us for an in-depth analysis of the...
As you can see, the market structure is bullish so we expect higher prices will be seen. Since the price collected liquidity below 105.5 and then had a bullish reaction we mentioned Order Flow and Order block as support that can cause the price to move higher for creating a higher high. 💡Wait for the update! 🗓18/10/2023 🔎 DYOR 💌It is my honor to share your...
We can see that USDCHF has followed a descending dynamic trendline and has now formed a triangle pattern. Most other Swiss crosses are near or at ATL's or ATH's except this one. We can see multiple rejections on the 4HR from my support line and we're nearing the squeeze point of the triangle, so if we break the descending line I'll be looking for a long...
Multiple time frame analysis for Dollar Index. Price action & important key levels. Potential scenarios. Trading plan. ❤️Please, support this video with like and comment!❤️
US30 H8 We indicated the 34000 sell zone yesterday, and we have since seen a tame 1.5R from this area. Speaking with a few followers, this is something they've capitalised on. That being said, the concern for DXY downside throws a spanner in the works, and the chances of US30 pushing towards 35000 is becoming more and more. 35000 is certainly a preferred sell...
As you may be aware, the euro has been facing considerable pressure against the US dollar, and there is a growing possibility that it may soon reach parity or even dip below it. Given the caution warranted in volatile markets, this idea aims to present a valuable opportunity for traders who are willing to navigate the risks involved. If you have been following...
-SL @ 150.00 🚫 SLO @ 148.90 (conservative) ⏳ SSO @ 146.75 (moderate) ⏳ TP1 @ 142.66 (shaving 25%) TP2 @ 139.15 (shaving 25%) TP3 @ 136.60 (shaving 25%) TP4 @ 132.60 (shaving 25%) TP5 @ 130.50 (closing ALL Sell Orders) BLO @ 129.33 (1D) ⏳ -SL @ 128.25 🚫 PA is hanging out in the Supply Zone. 📉 Hopefully, it wicks up to our SLO and tanks
RESISTANCE @ 0.7350 SLO @ 0.7160 ⏳ TP4 @ 0.7060 TP3 @ 0.6720 TP2 @ 0.6500 TP1 @ 0.6180 BSO @ 0.5900 ⏳ BLO @ 0.5855 ⏳ SUPPORT @ 0.5655 After a +600 pips profit towards the downside, we are ready to rock towards the upside again.
USDJPY is taking off from a solid horizontal support. After the test of the underlined blue area, the price formed a doji candle on that and then we see a huge imbalance. I expect a bullish movement at least to 149.78 ❤️Please, support my work with like, thank you!❤️
USD/CAD is falling towards a pullback support and could potentially bounce off this level to climb higher. Buy entry is at 1.36408 which is a pullback support that aligns with the 50.0% Fibonacci retracement level. Stop loss is at 1.35590 which is a level that sits under a pullback support. Take profit is at 1.37276 which is a pullback resistance that aligns...