🔰 GBP/USD — Daily Outlook 🔰 🔻 The Daily Candle of Pound closed Strong Bullish as the start of the new day the liquidity has delivered our Bullish Target - A 4H closure above 1.4200 Level will push the price for our next Target ( But be aware of Pullbacks ) 🔹 As it is too late for the price to close above and break our waiting level, we will face a slight...
🔻 EURUSD Daily Candle closed as Doji ( Doji means a slow movement in the market as we mentioned last night ) - The EURUSD takes its bearish trading from DXY strength 🔹 A breakout above the last HH ( Higher High ) will give us a bullish confirmation for a Bullish Daily Closure 🔹 The Intraday Support from here is 1.2125 then 1.2000 as a major support ✅ We...
🔻 The Dollar Index Daily Candle closed Doji ( Slow movement in the market — the intraday for today remain Bullish as long as the price is above 90.00 Zone ( This is a big figure number, Hard to break, Lets see how the price will trade in London Session ) 🔹 Our Support Zone from here will remain 90.00 🔹 The next major Resistance is Our Target that is mentioned...
🔻 Gold Weekly Candle Closed Bearish + GOLD is still below $1,850 ( Below this Point represent a Bearish Market ) 🔹 The next major support is $1,800 on the intraday then $1,750 🔹 Next Resistance is $1,820 - We will take action from there ✅ We will try to Scalp the long of GOLD until we see a Breakout above $1,850 🔔 We only will be looking for SHORTS scalps...
🔻 AUDUSD Weekly candle closed strong bullish - reaching to 0.8000 is a possible sign 🔹 AUDUSD successfully break our Bullish Target and now heading to 0.8000 - so far the market is bullish from here 🔹 Our Next Support from here is 0.7720 Zone ✅ The current price is at a Higher High, most likely to see a slight Pullback to the last OB to create another HH 🔔...
🔻 USDCAD Weekly Candle closed bearish after a Doji Daily Candle - The market will face a bearish movement 🔹 Our major Support from here is 1.2500 Zone 🔹 As long as the price is trading below our red dot line will remain Bearish ✅ The next bearishness likely to come from Oil + DXY which they are dropping from last night ( This is the Liquidity for USDCAD...
🔹 The price will face a big Resistance at 1.4100 -- We need a 4H breakout to confirm our next Resistance Zone at 1.4300 🔹 Our major Support Zone from here is 1.3900 - above 90.00 in DXY will send the Price lower ✅ The market will pull back from the 1.4100 zone very soon 🔔 Only when the Dollar Index turns Bearish GBPUSD price will have spies to create a Higher High
🔻 EURUSD Weekly candle Doji Candle ( Doji means a slow movement in the market ) and the Friday Daily Candle closed Bullish - the Friday candle represents a strong bullish so we will stick to bullish movements 🔹 A breakout above 1.2100 will give us a bullish confirmation - For now, this level will represent a Resistance Zone 🔹 The next major Support from here is...
🔹 Our Support Zone from here is 90.00 - more bearish movement can drop the price to 89.00 ( -1.00 Capital From the Liquidity ) 🔹 The next major Support is 89.00 🔔 There are no major events happening this week for Dollar Index so we mostly will use Price Action to give us an insight into where the next movement will occur ✅ Analyzing this pair will allow us to...
- ETHUSD will be bullish above 1850 - The price action shows some bullishness from here to reach its liquidity above Equal Highs
🔻 Somehow the AUDUSD Closed Bullish on the Daily Time Frame — unlike other XXXUSD & USDXXX pairs Most of them closed Doji candles as the DXY did not move much last night - DXY has a major impact on other currencies 🔹 Price has created to Higher High towards our Bullish Target that shows more willingness to get bullish market — as we facing weekly close we might...
🔻when the DXY has no significant movement, the USDCAD moves slowly as the price printed Doji on the Daily Time Frame 🔹 The next Support is 1.2500 below our Bearish Target 🔹 The next Resistance from here is 1.2800 — Target ( Current Resistance ) will get tested if the DXY is Bullish 🔔 We need Volatility from DXY and Oil to move USDCAD
🔻 Same with GBPUSD nothing changed and closed Doji as other pairs — The market is slow before the market closes 🔹 We are still in the Bullish market which we waiting for the price to retest and create another Higher High 🔹 The price could visit our Slow Zone before it goes up 🔔 If we get any Bullish DXY the Slow Zone will be tested
🔹 The next Resistance from here is 1.2260 level 🔹 Our Next Major Support is 1.2100 then 1.2000 levels 🔔 We will wait for the price to break above the last high from last week — if we break above this high, most likely the price will trade to our Bullish target
🔻 DXY did not change in Daily Time Frame today — The market showed no movement as the Daily Candle Closed Doji 🔹 The DXY will get bullish above 90.50 Level 🔹 The price will turn bearish below 90.50 🔔 We need volatility to take our scalp in the lower time frame
🔻 Gold Daily Candle Closed Bearish + GOLD is still below $1,850 ( Trading at Bearish Market ) 🔹 The next major support is $1,820 on the intraday then $1,800 ✅ We will try to Scalp the short of GOLD until we see a Breakout above $1,850 🔔 We will be looking for short scalps from the intraday swing highs during the London Session
🔻 AUDUSD Daily candle closed bullish same as last night — reaching to 0.77250 is a possible sign when we had a Bullish Daily Closure above our Resistance 🔹 AUDUSD successfully break our Resistance — We need to be aware of Fake Breakout ✅ Another Bullish Candle will confirm a Bullish market
🔻 USDCAD Daily Candle closed Bearish after a Doji close = means a Bearishness market is coming soon — we need a strong DXY to get a bearish support for USDCAD 🔹 USDCAD Support from here is 1.2500 ✅ The next bearishness might come from Oil + DXY which they are dropping from last night