Short term USDCAD may come down to test the demand zone below the 1HR imbalance before higher prices as dictated by weekly dollar bullish outlook
DXY like I've mentioned multiple times... this is very important that it correlates with the pairs your trading. So DXY almost mirrors EURUSD in the opposite direction (eurusd pushes up..dxy pushes down). Price is looking good but don't expose your accounts to to much risk by trading all similar pairs.. trade smart and make sure you always risking appropriately.
We might see some strength in USD this week if the 200-day EMA holds. Note; the 50-day ema is above the 200-day ema, and macd is still above 0 after crossing in July
Here comes my day trade analysis on DXY again. Tomorrow's is going to be a scary day as we all can feel the accumulation in buying/selling power. USD has a mixed economy data today, not bad but DXY continued going downward. If connecting to fundamental analysis, I think investors might think the overall economy recovery of other countries comparing with US is...
Buy limit : 1.24700 Stop loss : 1.24400 TP1 : 1.25000 TP2 : 1.25400
USDCAD buying bias A 120+ pips potential upside, if the resistance zone is broken. Refer to chart for the significant zones.
GBPUSD SELL LIMIT : 1.38050 TP1 : 1.37600 TP2 : 1.37000 STOP LOSS : 1.38350
USDJPY BUY : 110.480 TP1 : 111.000 TP2 : 110.820 STOP LOSS : 109.210
USDCAD Analysis Daily Time Frame USDCAD cup and handle. Bullish pattern is forming and having a 300+ pip potential upside. Trade at your own risk.
Dxy is bullish in every time frame since W, D .. Trend is your friend so i like to trade with the trend . i will wait a pull back at these demand zones, if I see rejections to the downside i would go long.
Technicals: Price is testing the resistance zone, which is also in line with the fibonacci confluence area found. In terms of market structure, prices broke below the market structure and we could see further downside here. Take profit target would be based off the -27% and -61.8% retracement that was taken from the last move. Fundamentals: Market risk...
USDSGD broke above its descending trend line and is sitting on a key support area at 1.32000 - 1.32100 where we could see a pullback to test this area and further upside after. Looking to play a bounce above this area to resistance targets at 1.32580 area and 1.32820 area. Follow us to find out more!
Now, after we've formed the triangle on the global time frame, we're drawing a descending wedge and rebound from the support. This is a really good setup for scalping. Takes and the stop are on the graph, plus, here are two additional takes in the case of a breakout on this triangle. Pay attention that SXP500 is about to break the support, so it's predictable that...
What Is The Market Telling Us? Price is currently ranging between Previous High & Previous Low 1st Break in market structure towards bullish direction since March Price is currently making its way toward previous low for a retest What Are Market Participants Doing? 70% of retail traders are shorting the dollar overall against DXY There is...
dollar index from 4h time frame and lower looks bearish, but if we se on daily we can see that is forming a higher low, dxy is grabing liquidity to create a new higher high. this demand zone and that blue line that is an orderblock is a perfect place to buy dollar. lets see ..