GBPUSD H8 Yesterday evening, we thoroughly analyzed this particular currency pair with one of our coaching members. We emphasized the evident confluences, including notable supply and resistance zones, along with the psychologically significant 1.25 price level. Today, we anticipate a slightly bullish trend for the USD, anticipating a relief rally after a...
AUDUSD H8 AUDUSD, a currency pair known for its dynamic movement during the eastern session, owing to its base in the eastern time zone. We observed a substantial decline of up to 1.1R in the previous eastern session, although it's worth noting that stop losses are set with a broad coverage, extending to encompass all previous wicks. Today, we'll be keenly...
DXY D1 This week, our perspective on the USD remains consistent with last week's analysis. The dollar demonstrated a bullish W1 close, while remaining firmly within the confines of the breakout and reversal structure on the lower timeframes (LTF). The 106 resistance level continues to stand its ground, and we maintain an optimistic outlook for USD pairs this...
GBPUSD D1 GBPUSD retraced to retest the key 1.22 support level and showed remarkable resilience, except for a minor 10-pip dip. It managed to stage a recovery of approximately 25-30 pips last Friday, just before the week's conclusion. As the markets kicked off today's trading sessions, the pair swiftly surged to new heights, reaching 1.22530, surpassing last...
XAUUSD D1 XAUUSD experienced a notable sell-off yesterday, even in the face of a 600-point correction in the DXY. As we recall from last week, we highlighted the market's mixed correlation and potentially misleading confirmations. Presently, this is precisely what we are witnessing: stock indices, the DXY, and XAUUSD all providing conflicting signals. However,...
US30 D1 The US30 could undergo another substantial selloff, and we've begun to decisively resist the 34,150 price level, as previously anticipated. Our response may not have been as swift as I'd prefer, but it's worth noting that we closed yesterday's D1 candle in the red, indicating a renewed bearish sentiment today. We remain optimistic about the possibility...
DXY D1 As previously noted, the DXY currently holds primary relevance within the FX markets, with its correlation not currently synchronizing with movements in US stocks or commodities. For instance, while US stocks are showing signs of decline, the DXY is also on a downward trajectory. In these conditions, we approach our trading endeavours with vigilance,...
NAS100 The NAS100 shares a strikingly similar outlook with the Dow Jones, also known as US30 for those acquainted with the terminology. In fact, the NAS trend appears even more pristine compared to US30. The lower lows (LL) and higher highs (LH) sequence exhibits greater consistency on NAS100, while US30 displays a minor fake-out, although still well-contained...
XAUUSD D1 As previously highlighted in our analysis posts, with the recent weakening of the US dollar, we anticipate upward momentum for ***USD. While a brief dollar relief rally is plausible, all signs currently point to an upward trajectory for XAUUSD. Our analysis combines both technical and fundamental/risk assessments. We are on the lookout for an...
AUDUSD D1 AUDUSD is currently perched at the crucial 0.65 handle, with the dollar index experiencing a pronounced decline. A potential respite rally for the dollar might lead to AUDUSD rebounding from the 0.65 level and preparing for its next potential bullish phase. We've not only identified this entry opportunity but also the breakout and retest entry...
DXY D1 We've successfully breached the lower boundary of the previously anticipated support zone, as forecasted last week. There's potential for a retracement to retest the indicated price level before a further decline, aligning with the bearish sentiment on the USD, really looking to see some more dollar weakness unfold this week.
US30 D1 The downtrend remains evident. We find ourselves perched at a critical supply level, which has historically served as both a support and resistance area. Notably, last week's move covered an impressive 1,700-point range. As highlighted in our recent IG video, we are keenly interested in exploring short positions, not only for potential corrective...
GBPUSD D1 We had this markup last week, we took a loss on the trending setup, but we bounced 1.5R from that 1.21 handle, which we are now sitting on again. Same as before, don't fix it unless it's broken, in the case DXY starts to reject that 106.500 (as per the analysis), we could expect 1.21 to hold and get off the ground again.
AUDUSD D1 Similar setup here for the aussie/dollar. We managed to get off the ground a little bit faster here as compared to cable. That being said, we also got caught with that liquidity dump and spike, which punctured support and stops before flying higher. I feel we may see some rejection at 0.63800, before then gearing up to break upside, largely depending...
GBPUSD D1 We had this markup last week, we took a loss on the trending setup, but we bounced 1.5R from that 1.21 handle, which we are now sitting on again. Same as before, don't fix it unless it's broken, in the case DXY starts to reject that 106.500 (as per the analysis), we could expect 1.21 to hold and get off the ground again.
DXY D1 Today, or at least this morning is all about waiting for these corrections to unfold and settle. The DXY is being used to compare against FX pairs, and we are just waiting to see whether this resistance price holds, or breaks. Like I say, we aren't looking to trade just yet, merely try and get some consensus of direction early on in the week, we can...
FTSE100 D1 Buy some came into play late last week, following the latest stock dump, we have since started to bounce following an upside gap, pushing as much as 1.7R, but sat at a current 1.3R. Eyes on FTSE100, we may see a second attempt bounce from that 7265 support price. It's going to be a busy week, I can't stress that enough, with all the risk events,...
US100 D1 Similar setup here on US100 as compared to US30, really looking for that short entry following a healthy correction from the selling pressure we saw late last week. The idea is, we understand the market bias (established last Thursday/Friday). We wait for the healthy pullback to warrant entries, then we trade in line with the trend. We can look to...