The dollar index is approaching a resistance. At the same time, divergences can be seen in the indicators. In case of reacting to this resistance, this index can initially drop to around 93.5 and if it breaks its white support line, it may fall to 92. But if this resistance is broken by the good news, this analysis will be rejected. Technically, there is a high...
DXY confirmed bearish on a break of 91.980. Using structure to determine 90.581 as my current farthest short target, with multiple levels/zones to pass through first; shorts started around 92.186. Price retests and ranges within 92.186 - 92.333 are stuck in a zone that I personally will not attempt to trade within. The bullish trend was held above 91.800 at first,...
Buy Stop: 1.39050 TP1 : 1.39400 TP2 : 1.39650 Stop Loss : 1.38700
Head and Shoulder has been formed, a retest of the neckline and awaiting FOMC this week to show the direction of the greenback. My outlook on USDCHF is SHORT to fill up the Demand Zone @ 0.90900
Remember BTC/USD chart back in May 19th? Remember Wyckoff pattern breakout? Have a look at DXY forming a perfect Wyckoff pattern on the 8H chart... the question remains when will it give way? My bets are set for next week where we see BTC rising from the ashes as DXY gives way.
Sell limit : 1.3970 TP1 : 1.39290 TP2 : 1.39680 Stop Loss: 1.39940
EURUSD Long May/June. Expecting dollar weakness until June 4th as a minimum 50 Pips SL. 1% risk.
AUDUSD Long May/June 2021. Expecting dollar weakness until June 4th as a minimum 50 Pips SL. 1% risk.
Price got higher high on Friday and jumped over the wave 5 of last impulse move. So I would like to buy on correction between 0.236 and 0.382 Fib Retracement or around 1.21250. And targets is 1.222 as February high and medium resistance level. And monthly target is 1.23 as Jan '21 high. Seems like wave 1, so wave 2 will slightly dump the price to .618-.382 of Fib...
here is a failed bullish patten that now has turned into a nice short on any USD pair
gold is creating higher highs higher lows from 4h timeframe and lower . if dollar keep standing weak we can see easily that price will go at 1850.00 which is a supply zone in Daily . From there i expect price to fall . Lets see how this monthly candel will close.
USDCAD weekly forecast with possible trades...
This is a trade that I foolishly took on USDHF but contains some valuable lessons! The market should continue bearish over the week as we see CHF and JPY pairs getting stronger towards the sessions end.
We are seeing a strong USD everywhere and it looks like this will continue. Today and tomorrow will be important days with the release of news about the economy. EURUSD is expected to continue down and below 1.20. This will allow the price to drop around 1.1920! Be careful during the news and do not overdo the volumes! If you have questions about how to trade...
The USD is currently experiencing near term upside. I anticipate this to be short lived due to my fundamental analysis. This trade will depend on price action around the level. Happy trading.
Descending wedge on EURUSD - THE EU Council have drafted a policy paper to reduce dependence and vulnerability to the USD, and plan to increase use of the EUR in financial markets. This is EURUSD Bullish!