Hello,Traders! EUR-USD broke the support Cluster of the rising and Horizontal support lines And the breakout is Confirmed so I think That the pair will Keep falling down Sell! Like, comment and subscribe to help us grow! Check out other forecasts below too!
The EURUSD pair is extending the decline inside the two month Channel Down and technically it isn't over yet. The Lower Low leg range is between 2.70% - 2.90%. Starting from the September 12th Lower High, a decline of the -2.70% minimum will land the price directly on Support at 1.04850. The 1D RSI is almost on the 30.00 oversold level, but we need to see a...
Hello,Traders! EUR-USD is trading in a Downtrend but the pair is Now retesting a horizontal Support of 1.0626 so a Local bullish reaction Is to be expected Buy! Like, comment and subscribe to help us grow! Check out other forecasts below too!
✅EUR_USD retested the strong support level at 1.0622 After trading in a local downtrend from some time Which makes a bullish rebound a likely scenario With the target being a local resistance above at 1.0674 LONG🚀 ✅Like and subscribe to never miss a new idea!✅
As we can see gold's report last week were against the yellow metal to go higher , so the federal reserve vowed to hike rates until inflation returns to its annual target of 2% . And all the fundamentals are showing that the gold will go down .
– Previous Weekly candle closed weak Bullish at 1925.400 forming a Rejection to the upside around 1947.400, Friday Daily candle closed Bullish forming Daily Support around 1919.100. – Buys on close above 1928.300 targeting Daily Resistance formed around 1933.800, Leaving Runners to the Weekly Resistance formed around 1940s. – Sells on close below 1923.900...
Here is my latest structure analysis & key levels to watch next week on EURUSD. Horizontal Structures Support 1: 1.0630 - 1.0635 area Support 2: 1.0516 - 1.0545 area Resistance 1: 1.0717 - 1.0737 area Resistance 2: 1.0755 - 1.0775 area Vertical Structures Vertical Support 1: Lower boundary of a falling channel Vertical Resistance 1: Upper boundary of a...
EURUSD Back to sell area Fed Sell off got stopped by Bonds Back to regular Trading days !! Stay Calm Be patient TP 1.0750 SL 1.0600
After the completion of the 5th leg, the US DOLLAR is expected to reverse direction to the downward.
Here is my latest structure analysis for USDCHF. Resistance 1: 0.910 - 0.915 area Support 1: 0.899 - 0.902 area Support 2: 0.893 - 0.895 area Support 3: 0.886 - 0.888 area Support 4: 0.874 - 0.878 area Support 5: 0.869 - 0.873 area Support 6: 0.855 - 0.858 area Consider these structures for pullback/breakout trading. ❤️Please, support my work with like,...
The Japanese yen has taken a tumble after the Bank of Japan's decision to hold interest rates steady. Meanwhile, the perfect trading scenario has emerged with the US dollar/DXY. It's time to capitalize on this golden opportunity and make some profitable moves! So, fasten your seatbelts and get ready to ride the wave of success. The Bank of Japan's Impact: The...
It's no secret that Bitcoin has been the talk of the town, captivating the attention of traders worldwide. However, amid this crypto frenzy, we cannot overlook the immense potential that lies within the US dollar. As the DXY continues its upward trajectory, it's time to consider a pause on BTC and explore the possibilities of longing for DXY. Why should you...
Dollar Index is currently testing a significant resistance cluster 104.85 - 105.50. The reaction of the price to that area will determine a further direction of the Index. Bullish breakout of that and a weekly candle close above will confirm a long-term bullish reversal, with a highly probable consiquent bullish rally. Alternatively, watch a rising parallel...
Ok so we have a lovely completed bat on the NASDAQ, personally, I like TP1, TP2 I will be bringing up my SL after Tp1 hits. Have a look into correlation, it's very important. You see I'm waiting to add further sells to my gold trade, and seeing the Nasdaq going up makes me happy. Published 22 Sept 2023 09.15am UTC+1
NZDUSD nicely respected a rising trend line on a 4H. The price formed a double bottom pattern on that and violated its neckline. I expect a bullish movement to 0.596 / 0.598 ❤️Please, support my work with like, thank you!❤️
GBPUSD is under a strong bearish pressure. The price successfully violated 1.23 key daily support and closed below that. Retesting the broken structure, the price formed a tiny cup & handle pattern. The breakout of its neckline is a sign of strength of the sellers. The pair may continue falling. Support - 1.225 ❤️Please, support my work with like, thank you!❤️
In today's trading session, we observed the formation of a Double Top pattern, a bearish reversal indicator commonly used in technical analysis. Despite this, it's crucial to note that the asset remains within a parallel uptrend channel. This juxtaposition of signals presents a complex trading landscape. The Double Top pattern suggests a potential exhaustion of...
Traders, In yesterday's post, I hinted at the fact that it looks as though SPY's upward trend, irrational as it may seem, will continue, fulfilling my blow-off top thesis. I still believe this to be true. However, along the way up, there will be obvious pullbacks. We now have what looks to be a completed H&S pattern formed on SPY. Currently, we are testing this...