USD/CAD Nears Three-Month Low as US Dollar Bears Take Control The USD/CAD pair is facing sustained selling pressure for the third consecutive day, reaching a near three-month low during the early European session. Trading around the 1.3385 area, down 0.15% for the day, the pair appears vulnerable to further downside as the US Dollar (USD) succumbs to bearish...
EUR/USD: Awaited FOMC Decision Sparks Mild Negative Bias EUR/USD is currently trading with a slight negative bias on Wednesday, influenced by a modest uptick in USD strength. The currency pair's downside, however, is cushioned as market participants eagerly await the crucial Federal Open Market Committee (FOMC) policy decision. The focus will subsequently shift...
US Dollar Gains Traction: Technical Analysis Points to Potential Bullish Impulse The US Dollar (USD) is showing signs of recovery, hovering around the 103.30 level, with US yields rebounding from Friday's dip. The focus shifts to the upcoming Factory Orders report in the US economic calendar. Despite a recent bearish performance, the USD has regained buying...
OANDA:EURUSD Took this long play the 2nd half of previous NY session, and the set-up was there. Unfortunately, the volume was lacking. But once Asian markets opened, it gave a little push towards a 10 pip TP.
AUD/USD for the past couple days has been trading bearish after touching the respected 4H TF trendline highs,it has reached a respected support level and has not broke past it, could this be a good time to buy ?
Here are some of the notes I had put down since 2020. I am wondering how long the EUR/USD can hold above the 1.05 lvl . The Federal Reserve is on a path to keep hiking, in hopes of combating inflation and winning on that front. The ECB is stuck between a rock and a hard place as inflation is still extremely high and the economy is barely above water. I think price...
With the rising higher highs and higher lows in the close time period, I find this more appropriate to call a channel than a wedge. To call it a wedge, we should ignore this structure and in my opinion it is better to focus on the channel idea.But who knows what happens in the future :) this is my own idea, not a financial advice. Wish you all a great day!
A good opportunity to long position and get a good profit from the attractive American stock market Stay with me to get more analysis after following me by sharing with friends and leaving a comment. According to my risk and capital management system, the risk of each trade is one percent per position. What do you think about this analysis and other...
Dxy broken out the downtrend line , and as per elliott wave theory it looks like we have completed the ending diagonal ! let's have a pump on it
USDD and the Tron ecosystem could be the next to fall. Beware of the next UST.
Getting into a short position. Pretty clear bearish channel forming with a clear strong downwards tendency due to the retracement and inflation of the American and Worlwide economy.
The printed money supply in the world is currently fed into the systems, consequence high inflation. Supply chains are healing but this might take some months until we're back in the game. Since the FED has no interest in sending the global economy into chaos, interest rate hikes will come to light again in the coming months and even interest rate cuts from 2023....
The EUR/USD will take longer to have a pullback, yesterday the price close with a Bullish candle, this last one is an Inside bar, decisive will be the reaction of the market today or tomorrow. Looking at the main trend, the price is still in a strong Downtrend, and the price after a Pullback on the previous 50% Fibo level dropped dramatically over the EVEN with...
The USD Dollar Dow Jones start to raising again with a new Bullish impulse, a strong candle rebound on the 61.8% Fibo level in a strong support area ( Blue rectangle ). The Stochastic seems ready to go over the Oversold, with a divergence, and the Forecast of Ichimoku it's Bullish. A new Long Impulse for USD?
USDCAD can see the remaining orderblock zone by being rejected from the mitigation block. The sl is located over the orderblock.
Good Morning traders. Update on the analysis EUR/USD Price it's inside a bearish channel where react with a rebound in a fibos levels of 38.2% highest swing and seems to give a clear signal of short. We can see a reversal bearish pattern of Head & shoulders formation. We think about a level price retest around 1.01500 / 1.0200 before drop definitely down.