UnknownUnicorn2262924

14:44

UnknownUnicorn2262924

In this mornings forecast, I take a look at the recent analysis within the DXY 9US Dollar Index) and EUR/USD. We delve deeper into the mindset of a trader, looking at what it feels like to step over the Horizon. Finally we end with forecasting probable & possible scenarios of how the US Dollar Index could play out in the coming sessions

07:47

UnknownUnicorn2262924

A Quick update on the watchlist and a few of our open positions.

UnknownUnicorn2262924

Utilising our trading strategy, we have forecasted the USD Strength will now look to kick in. Our first target is as per the highlighted long on the chart, We will be looking for further opportunities to scale in to our USD positions and increase our overall position exposure, whilst reducing our risk accordingly through trade management and stop placement.

UnknownUnicorn2262924

Updating our analysis for the DXY #USDollarindex, the market structure has continued to evolve, and as traders / analysts we continue to adapt to the market conditions. The daily structures and overall momentum is still clearly visible. We are currently trading in a phase of distribution (corrective phase) following the bearish impulse down, whilst we continue to...

UnknownUnicorn2262924

Whilst we await further confirmation and direction, As per the chart, we can see huge potential for short term upside, with exhaustion, and huge probability for quite explosive downside across the Dollar basket. We have recently seen great shorting opportunities in USD/CAD, with multiple scale ins and have just at early hours of this morning, seen the corrective...

UnknownUnicorn2262924

Short term, potential short opportunity in XRP.... First Target - 0.3099, if we can break this level impulsively, we could see multiple opportunities to scale in, with a second profit area of 0.2921

UnknownUnicorn2262924

Is there a possibility here, that the US Dollar could weaken against the JPY in the short term to test the ascending support levels rising through 112.50 and then 112.20? before establishing a base and bullish bias....... Current intraday timeframes look to have tested resistance and could see some downside and bearish momentum in the short term.....

UnknownUnicorn2262924

The US Dollar, recently broke out to the upside from the bearish descending channel, with a lovely continuation expanding wedge (megaphone) pattern on the intraday timeframes..... We have now seen the US Dollar strengthen further to the upside and is currently trading around 112.45 handle ... The price action and market structure is currently forming a...

UnknownUnicorn2262924 Updated 

Currently Trailing GBP for a sniper short entry, based on the current market structure......

UnknownUnicorn2262924 Updated 

GBP, is setting up for the bears to take control, after MTF analysis shows price action underneath 200ema. GBP/NZD on the 1hour timeframe, Doji candle rejection off of the 200ema, price action in particular really interests me - It is currently 'hovering' above the ascending trendline support level which could create a really good opportunity. Like an eagle I am...

UnknownUnicorn2262924

Euro bears are currently sitting on their hand whilst the Bulls push the pair further to the upside, to retest the horizontal resistance levels. Additional confluence is also offered by the fibonacci retracement and EMA cluster before the Bears take back control..

UnknownUnicorn2262924

USD/CAD Potential further downside continuation based on the 'trend continuation startegy, which also couples up & coincides with our Bearish analysis based on our trend-following strategy. Our current analysis based on 'trend-continuatuion' shows price currently ranging within an intra-day pattern. There are two potential scenarios here that we will be looking...

UnknownUnicorn2262924

Hi Guys, Just an update on our EURJPY trade using our trend continuation strategy ! EURJPY Retested our 200EMA and price action was formed perfectly creating the potential from further downside, we currently remain short from 131.19 and have moved our stop loss to BE + Spread, with our take profit, still targeting the previous swing lows - When it reaches we will...

UnknownUnicorn2262924

AUD/USD is looking extremely Bearish atm, following the bearish ascending trendline break to the downside, we saw the 0.74 handle tested. currently bulls are in control trying to regaing the 0.76 handle however, we remain short on the initial DS break, whilst we wait for the market to pullback and retest the 0.7650 zone which is a mid-round number for a further...

UnknownUnicorn2262924

Dash has rocketed intra-day to trade above the 500 handle however, we have the 200ema on the daily timeframe @ 513. Support by an ascending trendline and horizontal support - Bullish momentum is being adopted across the cryptocurrency and altcoin markets. Following the upside break at around 471 the pair seems to be wanting to test further upside and the 200 day...

UnknownUnicorn2262924

Ethereum is looking extremely bullish atm, a continued bullish cycle with several upside breaks on the way as per the chart ^ analysis above ^ - Ethereum has broken the 1Hour resistance level @ 625.37, I would like to see price action hold above this level and distribute sideways before rocketing further into uncharted territory, which is a technical analysts...

UnknownUnicorn2262924

With lower highs now being established together with an uptrend break EURUSD -0.49% is vulnerable further downside pressure and we would expect a move down to 1.19620 where the 200 day ema provides support.

UnknownUnicorn2262924

**TRADE ALERT** SELL GBPUSD -0.41% at 1.39772 S/L 1.4190. Not for the faint hearted as Brexit talks makes this a lively pair but with the long uptrend breaking together with negative momentum looks a decent trade for a downside move. Recent dovish comments from the Bank of England's Carney also supporting this bearish set up.