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. ❤️Please, support this video with like and comment!❤️
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. ❤️Please, support my work with like, thank you!❤️
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...
EURUSD is trading inside a Bearish Megaphone with the price very close to its top. This is still a sell unless it crosses over the top of the pattern. Trading Plan: 1. Sell on the current market price. 2. Buy if the price crosses over the top of the Megaphone. Targets: 1. 1.09800 (Resistance A). 2. 1.07000 (Fibonacci 0). Tips: 1. The RSI (1d) crossed over its...
Considering the strengthening of the dollar and the formation of a strong demand zone, we expect the price at 146.80 to create conditions for a powerful purchase with a loss limit below this demand zone.
Here is my latest structure analysis and important key levels to trade on EURUSD next week. Consider these structures for pullback/breakout trading. ❤️Please, support my work with like, thank you!❤️
Hello fellow traders , my regular and new friends! Welcome and thanks for dropping by my post. technicals wise still healthy to go up, for majors i will be looking to go on short. Especially so watching on Nzdusd. Do check out my stream video for the week to have more explanation in place. Do Like and Boost if you have learnt something and enjoyed the content,...
USDJPY is currently accumulating within a narrow horizontal range on a daily. It looks like the market participants are waiting for some important fundamental data next week to decide where to push the prices. I see 2 potential scenarios. Bullish 151.70 - 152.00 is a key horizontal resistance. Its bullish breakout - a daily candle close above, will be a...
In our last analysis, we had anticipated a minor correction in DXY but the correction has exceeded our expectations. Right now, because of selling pressure in DXY, the momentum has gone weak. Plus, the market is waiting for NFP/Unemployment news. So we are expecting a correction in DXY to the 103.7 zone before going up. Our technical view has been shown in the...
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