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...
Sorry about the mic fuzz at the beginning. Leave your questions & thoughts in the comments. To sum up: Bulls to regain control until the start-mid November at 30k levels Bears to very quickly take over at those levels This aligns with analysts' timing predictions of a heavy recession start. Considering DXY likely not being stationary, 30k is a rough...
DXY (the dollar index) has been on a nice run lately which has been pressuring markets. It seems the $ has found resistance here, looking for green shaded box as target for downside and this will help markets regain some strength. As you can see my other posts, all I see for the markets now is C H O P
Multiple time frame analysis for Dollar Index. Important key levels. Potential scenarios. Directional bias. Trading plan explained. ❤️Please, support this video with like and comment!❤️
Here is my latest structure analysis for 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 falling channel Consider these...
RESISTANCE @ 1.1245 TP5 @ 1.1225 TP4 @ 1.1145 TP3 @ 1.1025 TP2 @ 1.0950 TP1 @ 1.0845 BSO2 @ 1.0733 ⏳ BSO1 @ 01.0670 ⏳ 😭 PA pushed well below our Pivot Low and triggered our Stop-Loss. 🙏🏾 However, I'm going to stay true to my original analysis and shoot for a long AGAIN.
– Previous Daily candle closed weak Doji Bearish around 1930.600 rejecting the Upside. – Buys on close above 1934.000 targeting Weekly Resistance around 1940.000, Leaving Runners to the 4h Resistance formed around 1946.700. – Sells on close below 1928.000 targeting 4h Support formed around 1923.800, Leaving Runners to the Weekly Support formed around 1919.100. –...
Hello traders as you can see in the chart above Dollar is in an ascending pattern and considering only technical analysis it can continue its movement to higher levels, which can create risk for other markets with USD pair, I mostly have watchlist on GBP and BTC on this one. Take care and have a great Weekend.
Howdy fellas, I am Brazilian by origin so this matters to me. It's a chart that I always check, as I every now and then exchange these currencies (as well as the euro related to Brazilian real). Now we all know at some point the dollar index needs to take a step back and retrace. It could continue to push higher against other world currencies, but that...
There goes my summer eurotrip.. Deep red MACD, looks like its got a bit of a lag to it, so my guess is a bounce to ~1:93 and then a culmination selloff to the bottom of what appears to be a well enough established range, around 1:87. Get it together, yanks!
Price action analysis for USDJPY. Important key levels. Potential scenarios ahead of FOMC. Your trading plan explained. ❤️Please, support this video with like and comment!❤️
Hey Traders, in today’s trading session 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.
Today, we are awaiting FOMC. Here are the potential scenarios for EURUSD. Bullish Scenario The price has recently reached a support line of a falling parallel channel and nicely bounced from that. Currently, the market is testing 1.07 horizontal daily resistance. IF the price breaks and closes above that on a daily, a bullish continuation will be anticipated...
– Previous Daily candle closed Bearish around 1931.400 forming Daily Resistance around 1933.800. – Buys on close above 1936.500 targeting Weekly Resistance around 1940.100, Leaving Runners to the 4h Resistance formed around 1945.200. – Sells on close below 1929.800 targeting 4h Support formed around 1924.000, Leaving Runners to the Weekly Support formed around...
Expecting USD weakness this week, and continued CAD strength due to Oil and good fundamentals. Not much else to say here, great RR on this move if it comes off!