The U.S. Dollar Index (DXY) hit the first out of our two bullish targets (January 24, see chart below), and despite a minor divergence, remains well within our pattern:
That is the 2nd Bullish Leg of the long-term Channel Up pattern. We are past a 1D Golden Cross with the short-term pull-back finding support on the 1D MA50 (blue trend-line). The last 1D...
Hi Traders !
The EURUSD Failed To Break The Resistance Level (1.08375 - 1.08669).
The Higher Low is Broken (ChoCh)
So, I Predict a Bearish Move 📉
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TARGET: 1.07110🎯
As We Talked in The Previous Analysis:
The USDCHF Price Reached The Resistance Level (0.90848 - 0.91126).
Currently, This Key Level is Broken and Becomes a New Support Level.
So, I Expect a Bullish Move 📈.
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TARGET: 0.92050🎯
After a breakout of a key daily structure resistance yesterday,
Dollar Index is consolidating within a horizontal range on an hourly time frame.
For those, who are looking for an intraday signal to buy,
a bullish violation of the resistance of the range -
an hourly candle close above 105.32, will give a strong bullish confirmation.
A bullish continuation will...
The USDCNY pair gave us an excellent sell opportunity on October 02 2023 (see chart below), as it stayed below Resistance 1 and hit our 7.1225 Target:
The price has since started to rise after hitting the bottom (Higher Lows trend-line) of the long-term Rising Wedge, and now sits above the 1D MA200 (orange trend-line), past a 1D MA50/100 Bullish Cross.
We...
The USDINR pair made a direct hit on our 82.700 Target, which we set on our last analysis (January 10, see chart below):
Right now we see the price pulling back within a Channel Down. This is a standard pattern within the long-term Rising Wedge pattern, which as you see out of 7 Bearish Legs all broke below the 1D MA50 (blue trend-line) and only 1 managed to...
Hello Traders !
On The Daily Time Frame, The USDJPY Reached The Resistance Level (151.908 - 151.318).
So, We Have 2 Scenarios:
BEARISH SCENARIO📉:
If The Market Breaks The Support Level (150.261 - 150.693) and Closes Below That,
We Will See a Bearish Move📉
TARGET: 147.150🎯
BULLISH SCENARIO📈:
If The Price Breaks and Closes Above The Resistance Level...
Hello Traders !
On Tuesday 2 April, The USDCHF Reached The Resistance Level (0.90848 - 0.91126).
The Price Formed a Head and Shoulders Pattern.
So, Let's Expect The Bearish Scenario:
If The Market Breaks The Neckline (0.89999 - 0.90161) and Closes Below That,
We Will See a Bearish Move📉
TARGET: 0.88980🎯
Multiple time frame analysis for USDJPY.
Bullish movement after CPI discussed.
Trading recommendations,
trading plan, forecast.
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As we discussed on a live stream, Dollar Index perfectly respected
a demand zone based on a recently broken horizontal structure and a trend line.
The price just set a new high, confirming the strength of the buyers.
I believe that the next goal for the buyers will be 105.88
- the next historic structure.
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Monthly is winding up for a big drop or huge jump.
Monthly:
Weekly:
Daily shows price winding up potentially the rest of the year. So I will look towards year end for the fireworks, that will decide if our pent up momentum will release upwards or downwards.
My gut says inflation will send it upward in the near future.
Some weekly consolidation; Possible yields haven't topped yet. These inflection points lead to weekly and monthly trend changes which I will be looking for a potential spike as momentum shifts back down and rates test the keltner channel mid or upper line. There is also a possibility that rates breakout of the resistance (trend change) of this bullish leg from...
US Dollar loses ground on the back of lower Treasury yields
The US Dollar Index (DXY) is currently trading at 104.12, remaining rather neutral. Markets stand largely quiet as the week's highlight is the release of March’s US Consumer Price Index (CPI) figures on Wednesday. In the meantime, declining US Treasury yields seem to be weakening the US Dollar, and minor...
Lets assume that the strength in the US dollar wont last for too much longer, as Central Banks try and work out how many more trillions are needed in the system.
The BTCUSD had been in a trading range for some time and this week we convincingly left it, with a big dose of Bullish price action.
Will it last? IDK. I am long BTCUSD so I am fundamentally in the...
Daily is winding up to an inflection point, while the weekly is getting close as well. I'm favoring the bearish break; but there is a chance for a bullish reversal- so time will tell. What I can say is that we're approaching a conclusive point in time that will send price with signifcant momentum in either direction. When I look for an inflection point I watch for...
Buyers keep dominating the market after price dropped lower to 17977. A buy opportunity is envisaged from the current market price.
Technically, we also identify the formation of symmetrical triangle structure which Indicate a possible buy opportunity after the retest is completed.
The EURUSD pair hit our 1.07250 Target of our March 27 analysis (see chart below) before the current 1-week rebound:
Right now it is giving mixed signals as the latest rebound made the 1D RSI break and stay above its MA trend-line, which is a pattern it following on the February - March Bullish Leg. At the same time though, the 2024 Channel Down is intact but...
Use of the Fed's international reverse repo facility - which allows international institutions to deposit money and earn interest - has increased by about $32 billion in the past three weeks, reaching a three-month high of $365 billion.
The USD continued to decline as the market maintained caution, pushing up EUR, GBP, and AUD. Currently, traders are waiting for...
