The Kiwi has been pushing lower pretty easily since our initial kumo breakout. We are in the middle of a bearish engulfing candle and approaching previous price structure support. If we can break that support then it will confirm our short bias. I've drawn out a couple targets I'll be aiming for. I don't always make this clear, but I wanted to make sure...
Good morning traders We are loading up for another round of the bullish momentum for the GBPUSD USD is very weak at the moment, so shorting any xxxusd position is not recommended. As always, keep the risk managed! Cheers :D
A quick update here for those tracking the entire swing in Dollar: It would be more natural to develop in this structure with a test of 99, since the impulsive sequence (if it is such) must eventually test 92.92 to complete the move. To keep up the pressure on USD the social focus will instead switch towards Atlanta and health focus on virus cases which sadly...
Price looks exhausted so time for a correction, forming a H&Sish pattern. 50SMA looks good as a trigger. Potential for quick in and out trades here. Please support the idea and share your thoughts on EURUSD! Good Luck and Stay Healthy!
Good morning traders GBPUSD still has some bullish momentum left in it sight before possible consolidation. Get in while you still can! Keep the risk managed! Cheers :D
Firstly, please support our work by clicking like button or following! These really assist us to reach more investors & traders like you! The DXY was on an upward trend for greater part of 2018 & 2019 right into Q-1 of 2020. However, the Index had failed to go beyond 100 until COVID-19 come and triggered a momentary dollar buying in the markets. Bullish...
Earlier last week RiosTrades entered in a Small Short Run for this pair and got out due to potential reversal. This week we look at the market opening ourselves to where price can go (either side, look for reasons as to why price may go the other way). This upcoming week I believe the USD has been doubted for long and will commence in rising, these exotics all...
Trading is not 100% knowing where the market will go to but it sometimes means with proper fund care you can enter special opportunities such as this one. Price is at Support deciding to break above its local minor resistance which gains my interest, I believe price may struggle to push ahead certain price ranges but confident that the Greenback will push ahead...
Good evening traders We have a nice potential buying zone for the gbpusd We will be looking to go long on the pair. As always, keep the risk managed! Cheers :D
Okay, The King Dollar! we have a bullish crab pattern that has completed it first target. The Crab pattern completed a T1 set up all. PA marched all the way to the 382 and reversed almost not a pip more either. we had a few trades happen above the 382 but not many! This week we could see some good down moves on the dollar, maybe all the way down to the Crab PRZ....
Cable Greenback is heading to 1.34031 in weeks to come from a fundamental backdrop. Many might find this unexpected, this is the truth. First Position initiated at 1.2318 Target 1.34031
Cable Greenback heading to 1.3403 on fundamental backdrop in coming days or weeks. First position opened at 1.23 God's mercy and grace. Stay safe.
Clear long for the bulls Looking for more bullish momentum! As always, keep the risk managed! Cheers :D
The attentive readers have been asking can USD still devalue in this race to the bottom! The simple answer is that this is a good ploy in in such a restricted monetary environment although this move would be considered a bad one nowadays from a strictly fundamental perspective: the weakness of the dollar is necessary in order for equities to continue the advance....
A quick update to the DXY chart which is essentially intended to cast some light over G10 FX as we prepare for NFP. In order to understand the dangers of pursuing a weaker dollar too energetically, we shall in what follows begin to point out the inner wave flows in which short-term moves become indicated. The process of short-term swing trading is automatic for...
Gann Levels and Octaves show strength in the USD. The drop could take us down to the cross on the lower trend. The instrument is consolidating which could mean it won't reach the lower level this time around. Short term, it could fall potentially around 99.70-99.60 The overall bias here is long. Disclaimer This idea does not constitute as financial advice....