Following Biden's win earlier today It seems like the DXY will extend it's losses further and as a result more demand for the safe haven Gold . Price is breaking out the bearish trend forming a double bottom at 1850. This week Gold will make some big moves so be prepared!
It has been on quite a roller coaster ride since September of this year (2020). We tapped into 133.000 key level but not for long! Price has been ranging in between the weekly and daily levels of 135.750 & 137.605.. Based on the Daily timeframe price is still forming higher lows and respecting the bullish trend line . There are lower highs forming as well on...
As you can see from the analysis here. NZDJPY respects the daily level of70.036 very well. I have marked these areas out in yellow where price has reacted purely off these. If you look at the trendline we currently have we can see that the pair was on the rise. You can see where the red box is where we lost the trade as we expected more upward movement. With...
This analysis for EURUSD on time frame 4 Hours. As we can see DXY already do Bearish Tweezers Candlestick . That mean EURUSD will be rise and DXY will be falling. I HAVE 2 OPTION FOR BUY AND SELL 1. You can entry BUY when the Market open or wait TURNING POINT OR RESISTANCE ZONE Breakout than you entry BUY. 2. SELL when price Pullback at TURNING POINT ZONE , if...
The euro started at around 1.08 on a weekly demand level and reached around 1.14 on a weekly basis. At the end of this week's trading, the price was able to break the upward trend line with 2 daily falling candles. In the current situation, the beginning of a downward channel for the euro can be considered that the price can drop to 1.11 in it.
We've hit trendline resistance at the 786 Fib level. Dollar tanking and oncoming economic recession wont help
38.2% & POSSIBLE 61.8% Retracement SHORT GWAVE. FIB Retracement Percentage is calculated in a Higher Cartesian and or Euclidean Dimension. PLEASE ALWAYS WAIT FOR STOCHASTIC CONFIRMATION!!!
As we can see from the chart, a very neat and tidy S&R Model here. The resistance line also conveniently sits at the 100.0 fib retracement so if it is properly broken there is potenital for 2900 pips til the next level @ 161.8 alternatively if the restistance proves too much we have a strong support line to watch out for. judging by the depth of market this would...
Last week, the price has closed with a Doji candlestick that represent indecision on the side of both buyers and sellers. I think that it confirms the overall downtrend continuation. I am looking for a short positions on this pair this week because the price still trending below all my simple moving averages.