DXY started a recovery from 100.257 from the heavy decline due to the pause in the interest rate hikes back in December 13th, 2023. The index started to recover from 28th December and to 102.723 due to the positive news from the last Friday NFP fundamentals. Price was quickly knocked down by the negative news on the ISMs late Friday. DXY January candle has done a...
Hello Traders! I want to show you the importance of Coach formation in trading, and how to recognize this formation on a chart. Traders, if you liked my idea or if you have a different vision related to this trade, write in the comments. I will be glad to see your perspective. ____________________________________ Follow, like, and comment to see my...
Hello Traders! I want to show you the importance of Boss formation in trading, and how to recognize this formation on a chart. Traders, if you liked my idea or if you have a different vision related to this trade, write in the comments. I will be glad to see your perspective. ____________________________________ Follow, like, and comment to see my...
Hi Traders! USDJPY is in an ascending channel, and there is a bullish outlook on the market. Here are the details: After the pullback from the weekly high, the market seems to have found support near the channel support line. We are now looking for a break and close above the 20 EMA for a confirmation signal to target an exit near the weekly high. Preferred...
Hello traders! - I want to present the engulfing candlestick pattern and will try to explain why it is important to recognize this pattern formation. - The engulfing candlestick is a crucial tool in technical analysis for traders in financial markets. It serves as a powerful indicator of potential trend reversals or continuation, providing valuable insights...
Welcome back! Let me know your thoughts in the comments! ** CHFJPY Analysis - Listen to video! We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered...
Welcome back! Let me know your thoughts in the comments! ** USDJPY Analysis - Listen to video! We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered...
War on Ukraine - Asian dumping the dollar - Gaz & Oil crisis - Food crisis - Inflation - Everyone will get back to gold | A new geo-political era is coming, and I think without the supremacy of the USD
6.9b market cap and only 1b + released. MEMECoin has no roadmap, but backed by a huge community, with founding company being 9GAG, as well as tons of investors, whales and socialites backing it. Next phase of development sees the following: - Product - Event - New NFT collection (following its 3 minted out collection with floor price of 4eth) - Integration (to...
In the coming days, it's likely that the price of gold will reach a new high. We base this expectation on the fact that gold is currently touching a demand level on 1995-1997$ the H1 chart, a level often associated with price increases. Additionally, we've noticed an order block coinciding with a Fibonacci level, which adds weight to our prediction. Keep an eye on...
gold price is gaining momentum in anticipation of a further increase, with the Bull Flag pattern still in effect, giving hope to buyers. The 14-day Relative Strength Index (RSI) is approaching overbought levels, indicating the potential for more upward movement. The immediate resistance for the gold price is at $1,997, which corresponds to the five-month highs....
Last Technical Tuesday went really well for 380 pips. Waited patiently for any set ups I like, fundamentally and technically speaking this all Im liking at the moment. Feels like Gold should continue upward momentum.
As gold breaks through key resistance levels, investors are closely monitoring the market for further signals of a bullish trend. However, it's important to stay informed about factors like geopolitical events, central bank decisions, and economic data, as they can significantly impact the gold market. Traders should exercise caution, practice risk management, and...
Gold has been able to fill liquidity to 1879.800 and could correct to 1845 to fulfill Fibonacci retracement to 50% before a possible surge up to 1900 in the coming days. The PPI News on Wednesday, 11th October was a positive news for the greenback (Dollar index) and the CPI and UoM Consumer Sentiment News is coming on Thursday and Friday, 12th/13th...
The price of Bitcoin has entered the 4-hour Imbalance zone, as we warned in all our recent ideas. Consequently, the price has broken above the global descending trendline and moved out of the previous price range. This BTC rally is associated with a significant accumulation of short positions, with the total volume of shorts reaching up to 85% compared to longs....
The last week DXY movement fulfilled my idea which I predicted price to hit the key level at 105.8 For the past 13 -14 weeks, the DXY has been on an ascending trend from 99.23 to 105.756. The current resistance has been a key level since 1st December 2022. Price is currently reacting on a resistance trendline of the main ascending channel since 26th September...
Last week's DXY index candle bullishly closed with a strong rejection with from the 104.643 support because all of the USD fundamentals (The CPI, Core PPI, Core Retail Sales, etc.) which occurred last week went to strengthen the dollar. The DXY is expected to consolidate between current level of 105.351 and 105.00 since there is not important fundamentals between...
We are currently observing the US Dollar trading in a sideways pattern, situated just behind the daily supply and demand zones. This situation has resulted in the accumulation of a significant number of stop-loss orders on both the sell and buy sides. Additionally, there are fundamental drivers expected to impact the Dollar later this week. Given this scenario,...