The USD at the start of the year was trading near the 100 lvl but has managed to push above the 106 lvl in a little over a few months. If price is able to break out of the 107 lvl, there isn't to many resistances for the USD to break (the 108 could be one) and price might be able to hit the 114 lvl made in 2022. With the CPI data coming in a little higher then...
🇪🇺 EUR/USD, H4 🇺🇸 27 March 2024 The EUR/USD pair experienced a modest retracement after bouncing back from its recent low around 1.0800. This retracement was driven by a strengthening of the dollar yesterday, supported by upbeat U.S. economic data. In contrast, the euro lacked significant catalysts for further gains. Moreover, with the euro's Consumer Price...
EUR/USD, H4 20 March 2024 The EUR/USD pair has recovered from its lowest point in March, ahead of the critical Federal Open Market Committee (FOMC) interest rate decision. A hawkish stance from the Fed could place additional downward pressure on the pair. Nonetheless, the pair has been supported by encouraging data from the ZEW Economic Sentiment Index, which...
Japanese Yen has been very weak since start of the year, but we can see a three-wave A-B-C corrective decline on Japanese Yen Futures chart, which can be now completed by current sharp reversal up above important trendline. So, we believe that Japanese yen may now face a recovery in the upcoming days/weeks, maybe months, just be aware of short-term pullbacks.
Weekly outlook Bullish on TVC:DXY : 1W +fvg, 1D +fvg, h4 +brkr Bearish on NASDAQ:EU : 1W -fvg, 1D -ob, h4 -brkr Focus is on MIL:EURO shorts since FX:EURGBP is bearish overall. Won't trade Monday. Focus is on Tuesday post #cpi, Wednesday all day and Thursday NY. #trading $forex
OANDA:EURAUD This has to be the turn around on this pair, right? The path could be a rejection of this bullish order block, to reach the 1.66759 level Trade smart
Bullish outlook for 25 to 29 December,bearish also expected.
We can spot a flag continuation pattern to the upside. The ray lines of 1.26923 and 1.27220 are my targets for the day, but in other for that to occur, I'm waiting on a retest t the 50EMA, there's news in some minutes time, so I expect the news to take it down for retest then we buy to our targets.
The US dollar experienced a notable 1.3% drop at the end of last week, following a 0.49% gap down on Thursday. In contrast, the S&P 500 gained 0.3% on Thursday and 2.49% over the week. Since September 2022, the dollar has been volatile, falling 13% from a high of $114, briefly dipping below $100, then recovering 7%, and falling again by 4.8%. This erratic...
What I see! Looking for Impulse Down! EurGbp will move down soon. It already taken all stops. Before falling it will break another leven then move down. Make sure you have your own rules on RR and follow them. This is just a trading idea to help you/ give better knowledge. If you have any question ask me in comments. Learn & Earn!
After being blocked around the 1.1000 resistance zone, the price fell sharply in the past session as expected. Currently, a three-candle bearish reversal pattern has appeared on the daily and it has also violated the uptrend line, the signals show. This signal shows the possibility that the price will continue to adjust. Temporarily suspend trading for now, you...
FX_IDC:AUDUSD chart mapping/analysis for last week of November. TBC further details/write-up via ideas section.
TVC:DXY chart mapping/analysis for last week of November. TBC further details/write-up via ideas section.
In the daily chart above, we see how the bulls have taken control of the market before the recent pullback. The wedge pattern has been broken to the upside and the price has retraced to the demand area. What next? The answer is that the bulls may continue pushing the market to the upside in the coming week because of the bullish pin bar that has been printed on...
✅ The chart is back in an uptrend. Price has broken through resistance. We believe that EURUSD will continue to grow. ✅ 🚀 BUY scenario: long to 1.09349 🚀 ---------------------------------------------------------------------------- Remember, there is no place for luck in trading - only strategy! Thanks for the likes and comments.
FX_IDC:AUDUSD chart mapping/analysis. Aussie Dollar benefiting from market "risk-on" sentiment + developing momentum from China economic stimulus narrative. Note: RBA Cash Rate decision (Tues 7th Nov @ 2.30pm AEST/UTC+11)
TVC:DXY chart mapping/analysis. US Dollar getting thrown out with US Treasuries as punters pile into "risk-on" trade. Downward momentum to continue until change in trend on lower timeframe &/or Markets flip back into "risk-off" sentiment.
✅ Price reached the targets, but the further scenario changed. EURUSD has broken the ascending structure. The chart is moving in a downtrend. The price will continue to fall. ✅ 🚀 SELL scenario: short to 1.05717 🚀 ---------------------------------------------------------------------------- Remember, there is no place for luck in trading - only strategy! Thanks...