Introduction: Traders are often on the lookout for potential opportunities and risks that can impact the forex market. Recently, the credibility of the BRICS alternative currency has come under scrutiny, leading many to wonder if this could fuel a rise in the US Dollar Index (DXY). In this article, we explore current affairs and discuss why traders may consider...
Analysis: This setup is a lot like the gold one that we took earlier, so the analysis is pretty much the same. Price has been in an upwards trend for a while now, until recently where we've seen price reverse and start to head to the downside. In recent times we saw a huge bearish confluence form, which was a break of the upwards trendline that price had been...
Analysis: Recently price has just been heading higher and higher on this pair, and we've been looking to catch this move for a while now but we needed to stay patient and wait for a pullback and that's exactly what we might have now. Price has pulled back to a key level of prior resistance and as we know, resistance often becomes support, so this is starting to...
Analysis: As we're clearly able to see price was in this downwards trend however we've recently broken out of that trend showing a market shift, indicating possible bullishness. Price tried to push higher over the last month but we've since seen price pullback to the area where price broke out of and we expect that this will be a key level which will hold as...
Analysis: When we take a look at the technicals for EURUSD, price looks as if it's in an upwards trend as we're forming a series of higher highs and higher lows, indicating to us that we want to long however this isn't what we see and we actually see early signs of a reversal happening. To begin with we have this downwards trendline. Although it has only been...
Analysis: As we can see from the charts price is clearly in a downwards trend signalling to us that we want to only be shorting this pair to go with the trend. We can confirm that price is in a downwards trend by the fact that we're forming lower highs and lower lows and the fact that we have a downwards trendline which has been respected multiple times. Price...
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Analysis: From the charts we can clearly see that price was stuck in a range until recently where we saw a breakout to the downside signalling to us that there is downwards momentum. With this bias we're only looking for shorts on this pair. Price has since returned to our area of interested, giving us the opportunity to look for shorts from this area. Why this...
Making money shorting precious metals / crypto, or making money long USD pairs? Bull Flag First target 106
Analysis: Looking at the technicals on Copper we can see a clear downwards trend. Price is forming lower lows and lower highs which confirms that we are in a downwards trend. Price has also been respecting a downwards trendline which again shows us that we are in a downwards trend. We're currently sat at an area that we're interested in as price has held this...
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Gbpusd bearish sentiment as Asian markets undergo trading, USD is still king for now waited for deep correction into a deeper fair value gap which never triggered which indicates strong selling pressure, taking half percentage Risk on this trade considering its low volume but big bearish fair value gap liquidity sweep incoming
gbp/usd has two market structure shifts . first, on top. that push price to last bottom . and second shift has happened on botttom range . but far from bottom range . then we dont take that pos . if remmember , when ms happen source will take action on their zone . then we look price on top. then going to get short.
Already made a pullback So we are bearish biased Due to the pair being in the Downtrend so a move down Is to be expected Sell!
The US dollar's position as the primary global reserve currency is being challenged as countries become eager to insulate themselves from Washington’s influence. For decades, the dollar has dominated the global monetary system. Currently, about 60 percent of foreign exchange reserves held by central banks are in US dollars, and nearly 90 percent of all currency...
Despite USD news and economy in the country we cant forget about technical behaviors, we have a reached a demand zone that can push price up to local resistance following a potential push down to highlighted area. BUY!!
DXY / 4H Hello traders, welcome back to another market breakdown. The dollar is trading at a Major level where I expect the next leg up to start. Trade safely, Trader Leo.
USDJPY has had a significant drop this bottom trend line channel I expect the upside from here. Based on technical analysis I will buy this pair. BUY!!