Can we break this downtrend or will we see a continuation on it. Lets wait and see, be patient. I think that the dollar is quite weak at this point and that we can see it fall further down, but first i think it can come to test the major downwards trendline before it weakens. At this point we have a good support at the fib level 0.618
Why has gold broken above the $2,000 level? And why is it likely to stay this way for a long time? This is because the USD has been weakening since October, and we can observe an inverse relationship between them during this period, as well as in previous periods. Micro Gold Futures & Its Minimum Fluctuation 0.10 per troy ounce = $1.00 Code: MGC Disclaimer: • ...
There are many different variations of patterns showing. And they are all leading to downside. We have small Rounding Tops, small Inverse Cup and Handles. We have a break in the most recent uptrend line.. But I am focusing more on the bigger picture. There is a solid Reverse Inv Cup and Handle forming since 10 August 2023. The price has almost completed...
TVC:GOLD Gold prices increased their bid to refresh the intraday high near 2,035$ early Thursday, reversing the previous day's retracement from a one-month-old horizontal resistance. Precious metals benefit from broad US Dollar weakness. The XAU/USD pair maintains a neutral to bullish view in the daily chart. The pair is growing above all of its moving averages,...
More confirmation on why this is bullish. Previous resistance has created a strong support at this level. Bears are unable to break below. Long targets 0.9960 stops are below 0.9800 This should be a strong trend changer trade of the week. This will inform us if the trend has shifted. Use proper money management.
Inflation in New Zealand is at 2.2% this is not good for kiwi, but for price to drop I expect a false bullish run to the upside targets 0.5795 stops below 0.5652 Use proper money management.
I will reenter this short again, with OPEC Cutting oil production by 1 million barrels/day CAD is set up for massive strength as oil will shoot. This is a great place to short. Use proper money management. Any manipulation to the upside will not exceed level 1.40000. All the best fellow traders.
Sell USDCAD at 1.3768 Targets below 1.3577 stops above 1.3810 Use proper money management. As I said the big boys are shorting the dollar.
Weekly - retest of serious low looking to be ending with an engulfing candle after tomorrow Daily - multiple divergence on the MACD and MA 4h -- MA divergence need to break above confirmation area then we can buy pull backs
Hey traders, above is a technical overview on DXY and the most important zones to watch, we highly recommend you to monitor DXY at the beginning of every trading week if not everyday, that will help you to trade USD pairs more professionally and spot their direction!
Weekly :- A bullish flag pattern Daily:- Divergence bullish 4 hour:- Divergence, convergence, pullback with hidden divergence
Short OANDA:USDCHF , price is about to make a false breakout to the upside by breaking the resistance formed on ower timeframes. This move is for grabbing liquidity. I am expecting to have my pending orders snatched from there. I have a few early entries on this pair. I advice you use proper money management. Good luck
On Friday we saw disappointing numbers on the unemployment rate news in USA. That affected the USD immediately. This week we have news from the ECB. However, before that we expect that the effect from the Friday news will last and we will see higher values. The resistance above current price level is at 1,2246. This scenario is possible as long as we don't...
is it time? time for what u may ask... TIME TO LONG EU!!!! In 2021, usd has fell to multiyear lows against aud, cad, gbp, & nzd. Euro, along with ch& jpy, has been lagging TREMENDOUSLY .. & now with the dollar pairs at support across the board and euro showing signs of life in other pairs i truly believe we can see 1.23 again and THE JOURNEY BEGINGS HERE ENTRY...
sell usdjpy to 105.366759 . i am use 4H interval use it to
Trade update from a previous video I posted on buying NZD/USD. The fundamentals point towards a move to $0.75 on the exchange rate that offers a move of up to 5% appreciation in the KIWI. Fundamentals driving the trend. 1.) Lower interest rates in the U.S no longer makes the U.S Dollar an attractive high yielding currency. 2.) $2 Trillion Fiscal stimulus...
In this video update to a previous video I posted on selling USD/RUB, we look the Dollar getting weaken against the Ruble and a perfect time to enter a short sell-set up. The Ruble has a number of factors supporting it's strength agaisnt the Dollar. 1.) Higher interest rates mean selling the currency pair gives you a positive overnight carry trade...
Here is a video update for the trade set up's I recently posted for EUR/USD and DXY index. U.S Dollar weakness is strong across the FX market as low-interest rates in the U.S, a negative current account balance, alongside a big fiscal spending package from the Biden's administration from January, is the consensus view across the markets to cause a structural bear...