A good opportunity to net 150 pips on this pair, in my view usd will continue to streghten against its major counterparts due to higher inflation rate forecasted.
DXY is forming a pattern that we last saw in june, that was followed by a drop. we might see another move downwards before market goes into extended consolidation period.
AUDUSD might just be beginning a lengthy consolidation period.
EURJPY may visit 129.000 after breaking above strong resistance.
Gold forms a bullish structure on 4H chart, pssibility of gold rallying to 1900s.
Price has broken out of key support area, expect a strong move downwards
Price touched a descending triangle on daily chart & broke out of the ascending trendline on 4H Chart, price is currently at minor resistance zone.
Double top pattern, Ascending trendline break, Elliot triangle wave.
There's a good chance of second Coronavirus wave & this one could be even more deadly, people have started to get out of their homes, countries are opening up, Autumn/Winter is coming, the flu season. 1918 flu lasted three years, what makes you think CVOID will end in just 7-8 months?
i've opened long positions on CHFJPY, EURJPY & EURCHF, i'm looking to gain upto 1000 pips combined.
Uptrend will likely continue, just a consolidation period & it has ended.
EUR pairs might have completed their consolidation as we have very high probability setups on EURJPY, CHFJPY & EURCHF. Trendline broken - Retested - 4 hour bullish candlestick - renewed EUR strength.
CHFJPY will begin it's long term uptrend as it has broken out of two long term descending trendlines and retested + pair has formed a bullish engulfer on 4-hour timeframe.
Don't get too excited, this is just a consolidation phase, i've done my homework and the market will fall to June 2013 lows.