Going into next week we want to see this strong bullish move to the upside finish off and begin to look for reversals around 1.31864.
EMas have potential cross at this level previously making it a very strong bearing play along the 1.31885-1.32000.
any "noise" in this area will most likely trigger hard sells all across the board.
not to mention news for next...
Look 4H wave 5 is on area fibonacci 1 of waves 3 - 4.
and corrective waves pattern ABC target price 0.382 (a), 0.236 (b), 0.618 (c).
Blue line is target.
*not 100%, you will learn about my analysis.*
As we were looking for decline on the DXY , bulls took over control. Here we go with my weekly analysis on the U.S. Dollar Index;
A (orange)( closed ) : Price clearly bounced on our bullish trendline. Blue area as been broken in the beginning of the week, my bearish bias was completely canceled. No break and no resistance, this direction bias is now closed.
A...
Decline situation in my previous DXY analysis was a success. There is the continuation of my DXY analysis;
A (orange) - Still looking for bears to take control. As long as we remain under the blue area, that will be our main resistance area for the week. Currently bouncing on a higher timeframe bullish trend line, I am looking for a break and a nice retest for...
Bouncing off the previous high support area - which is now resistance, we might see the INDEX:DXY on a decline situation. Depending on price action, I made up a few price projection:
A (orange) - Starting the next trading week with fake bullish moves and look for shorts. New York sessions from Monday/Tuesday will tell a lot more. Price back too support, look...
Ranging is a support and resistance zone, usdcad has broken the brearish trend with a nice kiss for confirmation. Following the new forming trend, I am looking for a buy from this support zone to send ucad up to 1.3461 and even more on the long term.
t.me/RichOfPips
Supply zone is heavy here and as you can see there is a gap to fill.
Nice double top showing us a nice bearish divergence. Nice reversal happening here
The is my Gold analysis all I have to say is follow the trend, Gold is so bullish, watch DXY American dollar index for more clues on direction.
t.me/RichOfPips
New lower highs formation, looks like it is retesting the bullish daily channel. Look inside red triangle for further price action, currently on a downtrend with the little bearish arrow.
