DXY what I'm seeing here on the hourly chart for the dollar index is we are inside of a bullish overall move that brought us into the supply area that we were looking for price to reverse from. Now we have put in a short term range, I'm looking for the short term range to either play bearish below the previous swing low or to push higher and take out our longer...
After Top- Down analysis i'm looking for UJ to move to the upside. This is not trading advice or a signal! The Website should not be relied upon as a substitute for extensive independent market research before making your actual trading decisions.
There was a huge Gap up on the open for this week, which I have noted on the 15m Time Frame. This Week's Gap lines up with Last Week's Gap and that will be my hard line in the sand. If Price was to break this, then we will be going lower. But, I think Price will bounce off it and extend higher towards 3920 first. Stay Tuned...
DXY D1 Whilst we have a bullish sequence here on the D1, the H4 looks to be showing a bearish breakout. As we always say, higher TF takes precedence. Not only this, we have fundamentals and risk sentiment backing USD bid. I'd like to see DXY get off the ground a little more before jumping into these USD*** longs or ***USD shorts.
This is based on my bias on GBP and EUR gaining strength this week.
Both looking susceptible to steeper depreciation vs their US rival, with the Euro only just recovering from a stop-chase through the 18 DMA (1.2060) in time to avoid more sell orders sitting at or beneath 1.2050. Nevertheless, EUR/USD also faces heavy and layered option expiry interest from the round number above to 1.2150, including 1.3 bn at 1.2100, 1 bn from...
USD / JPY trades in range on Daily chart. Looking on monthy chart we can see possible rally in the future. I see this as bullish opportunity. Wait for price to come down to lows at 108.300. Set your target at previous tops. :)
Cup And Handle Being formed on the Day Chart and 4H time frame, price is now consolidating and looking for price to head for the highs, looking for price to stay above 80.500 as it it currently being respected for price to move to OB at 91.900
Still quite bullish, previous weekly resis level 1182 with a hammer forcing price to shoot up towards 200 ema to begin eliminating previous highs, as the dollar weakens
The pair isnt giving us much to play with on the lower TF's but anticipating a flag break up north. A break of support would invalidate this idea.
Descending Wedge, albeit a little sidewards. Currently at the bottom of the channel. Buy Long orders but be wary of longer term bias/sentiment.
PRICE IS APPROACHING A TRIPLE TOP FORMATION AT A MINOR MONTHLY SUPPLY LEVEL PRICE HAD MADE A NEW LOW FOLLOWED BY A LOWER HIGH, HOWEVER PRICE THEN FAILED TO MAKE A NEW LOW BRINGING PRICE BACK UP TO THE 0.618 FIB LEVEL. A CLOSE ABOVE 1.565 LEVEL FOR A CONTINUED MOVE TO THE UPSIDE WITH TARGET OF 1.623 WHICH IS ALIGNED WITH THE 0.764 FIB AS WELL AS 1.27 FIB...
Have you ever taken a chart and looked at it from the flip-side? Why would you do that? To avoid bias. There is a long bias and a short bias. We all have biases, but just need to confirm it by a simple test. Plot a chart of SYM and then plot the inverse of the chart next to it by using 100/SYM. You can make the numerator any size you want to get the price...
I've formed a new bias on eur/usd - in my opinion it's likely eur/usd is going to retrace after all it has been plummeting since 2014-05-08 and we are also a at a pretty big resistance level (to see that you can squeeze this chart or take a look at the weekly), we now how a possible double bottom with bullish divergence, massive one. So now may be the time...