Fresh Supply Zone Origin of a strong movement in price www.FXMarketTimers.com
The dollar is in a defined range of 12050 - 11950 and is likely to trade below 11975 next week, price action below this level is subject to buying pressure (support) which will allow for a buy trade with a target of 12050. A buy on the triple tested support of 11950 will open a trade worth 100 points as price is likely to follow the range back up to the triple...
Daily US Dollar Index - Bullish Bias. To determine whether price is trending up or down - is it making higher highs and higher lows (uptrend) or is making lower lows and lower highs (downtrend.) At the start of December, the price of the US dollar started a down trend. It made lower lows (highlighted by orange circles) and lower highs (highlighted by yellow...
This week the dollar looks to have finished an ABCDE Correction, Looking to make another impulse up next week.
Some correction occurs on USD/JPY. The price has retraced back into the reference area at 101.33-101.04. Remains bearish as long as the resistance at 101.04 remains intact. As intraday trading strategy, you must get bearish signal confirmation by trading below 100.24 with potential target at 98.96.
Some correction occurs on USD/CHF. The price has pulled back into the reference area at 0.9744-0.9734. Remains bullish as long as the support at 0.9734 remains intact. As intraday trading strategy, you must get bullish signal confirmation within the reference area in order to go long with potential target at 0.9835-0.9884
DXY might give in for a little correction towards 96 today to reconfirm its main uptrend line from pre-brexit lows, then try to reconquer the post-brexit highs and might post a new high around 97, given that US fundamentals play their part today (Markit Services), tomorrow (Jobless claims) and on friday for the US NFP data. So considering this, I would be very...
Carefull with this one. Tide stop. It looks like pennant pattern on the way down. Question is break down or another rotation.
Beutiful dawnward channel. Also support going back to 2014 (yellow line)
Downward channel/ bull flag. There is also a posibility of upward channel paly a rolle (dotted lines) but I would love to see the price on lower trend line.
Entry level right at the pull back to upper trend line of falling channel. Channel inside a channel.
US Dollar 15m Long DXY Long We have just completed an ABC -and retest of the trendline for more upside next week. The 0-2 might be an ABC correction, either way, the trajectory still looks long for a few days next week.
Today, Bank of England governor Mark Carney said a rate cut is needed after the Brexit vote and hinted that it could come as soon as this summer! This news got the FTSE and the DAX flying up to nearly 300 points. Also, the Feds stated this week that they may cut rates this summer as well, possibly even this month (July) so that is really great news for global...
DXY - Long on 4HR/Daily Chart to the 1.618 break and retest of trendline as part of bullish elliot wave pattern
AUDUSD ready to bounce up from Fib and Past Structure. Follow of trend from beginning of year RSI suggest same. If trend is broken, then strong evidence for free-fall. GL