OILUSD is an uptrend channel and the next target is at area 90-95 which is the neckline of the double bottom pattern forming and a break above this level will confirm its bullish movement to the previous high at 130 level and to the longer target at the upper range of the channel at 150-160.
1- A dip into weekly fvg would be ideal before a meaningful push up towards the daily eqh's 2- I don't see why they would raid them so soon so that where my intra day bearish stance is. 3-Overall Im Bullish 4- Staying above Monthly open and the FVG next to it is key to remaining bullish, yes we can wick into these areas but most importantly is the body of the...
EURUSD is bearish on the weekly timeframe and in a downtrend channel. The next target is 1.05 and with a break of 1.05 would lead to parity and below parity to the lower channel of the downtrend at major demand (support zone) at level 0.85.
Hello fellow traders , my regular and new friends! Welcome and thanks for dropping by my post. On the backdrop of the CPI data hinting that inflation is still hot, FED kicked the interest cut ball lower down the street ( later than Jun, i believe). Therefore the strength in USD i guess. Majors capitulated. Watch for some bounce if u want to long pairs like EU GU...
Seem to be going perfectly as predicted. BTC is dropping, retesting Supports to regain its bullish momentum. For how long will BTC continue to drop? For start, this is just the beginning. BTC has completed the 4hr M pattern. BTC has just broken under major SUPPORT. This support is also the neckline for the Head and shoulder pattern from the ATH. Waiting for a...
The USD at the start of the year was trading near the 100 lvl but has managed to push above the 106 lvl in a little over a few months. If price is able to break out of the 107 lvl, there isn't to many resistances for the USD to break (the 108 could be one) and price might be able to hit the 114 lvl made in 2022. With the CPI data coming in a little higher then...
Based on the positive economic data from the US session last week, it appears that the US Dollar is currently at a strong level and poised for potential long-term highs. However, it's important to exercise caution and closely monitor the currency's movements. Observing recent trends, the US Dollar has approached the top trend line twice but has yet to break...
Hey traders Congratulations.. "Unlocking the Potential: DXY Analysis Indicates Long-Term Highs Ahead" In the dynamic world of forex trading, the US Dollar Index (DXY) stands out as a key indicator of global economic health. Recent analysis suggests that the DXY is gearing up for a significant move towards long-term highs, presenting a compelling opportunity for...
152.0 key horizontal resistance kept absorbing bullish pressure for almost 2 years. This week, with the release of CPI data, that structure was broken and the market set a new very important higher high. The next historical structure that we can find is based on the price action in 1990th. 159.0 - 160.0 resistance cluster is the next, closest key...
Hello Traders ! Yesterday, The Dollar Index Broke The Resistance Level (104.976 - 104.810). This Resistance Level Becomes a New Support Level ! So, I Expect a Bullish Move 📈. ---------- TARGET: 105.770🎯 Previous Analysis:
The USDJPY pair has been trading within a Channel Up pattern since the July 14 2023 Low on the 1D MA200 (orange trend-line). Currently it is about to exhaust the 2nd Bullish Leg of this Channel as it approaches its top (Higher Highs trend-line). It begun with a Low on the 1W MA50 (red trend-line) and then a Higher Low on the 1D MA200. With the 1D RSI overbought...
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 📉 ----------- TARGET: 1.07110🎯
Layers 2338 - 2339.5 Sl @ 2343.5 1st tp @ 2332 2nd tp @ 2326 3rd tp @ 2313
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...