Dollar index saw a sharp rally previous week and we saw some retracement in the index on friday, however we are now seeing another round of rally and this time is looks like a consolidation pattern is being formed and the breakout from the pattern will be bearish for bullion and even equities. The index took support from the pivot level and then is bouncing up...
Now currently the doller is very importan level, this chart is Doller inverted chart.
Year 1989, 1999, and 2016 multiple time this level is veryimportant resistant level, in the current market secnerio if the rate hike it is possible to breakout of doller price
In higher the doller price not good for emerging market like India
the price action show...
5 Key Factors Shaping US Dollar Trading This Week
The US dollar is in the midst of a week filled with pivotal events. Together, these fundamental drivers hold the key to understanding the potential shifts in the US dollar's performance throughout the week:
- US President Joe Biden announced that a bipartisan agreement has been reached to raise the US debt...
See #bitcoin has this condition right now, no wonder btc always disappoint as well as always outperformed.
the resistance level of btc which is $28200 has to be crossed in order to reach $30k to $40k frame
if reversal pattern cross the support level of $26400 then we will se the collapse till $24k to $22k
hope you have the clarity in market
show love and...
FX:USDOLLAR USD can move upwards if sustains above 102.400 level, currently t important monthly weekly support zone and showing rejection for further fall.
XAGUSD HEAD and Shoulder pattern observed . Expecting breakout from the current level and test the resistance level at 24 and 26. Need some news or event to go higher with good volume till we don't receive the news or any event occur till the time we are gonna consolidate at the current level .
Follow for more :)
BUY : 152 TO 123
TARGET : 274
Reason For Buying This Script :
In this stock it has broken the double bottom neck line. Once price close above 274 and the next target up to 396.
Note :
Above given levels are based on monthly & weekly time frame . So be patience it will take some months to achieve the target.
ALL THE BEST ..
We can take long position in USDJPY as it has given a hammer pattern and has closed at very good price so from current levels we can see a sharp spike up to 140 with SL below 129.20 and we can expect a target of 3-4:1.
This is a daily analysis you can go short keep your stoploss above the red candle and continue to 2 target given
the target is of 1% all the best Happy Earnings...
XAUUSD ANALYS IN THIS PICTURE WE SEE THAT THE MARKET STARTED TO DOWNSIDE... In my opinion the gold(XAUUSD) will touch 1840 zone which is very important support level if the GOLD break the 1840 level then we see that the market come to 1835 to 1815 zone...
DXY broke the falling wedge and going for the test to the Supply zone . If we reject there , then that might be the Top for BTC and H&S will be formed . Lets see .
EURUSD has finally completed its long correction upside. The ending diagonal is also completing and price reversal is expected from this level. For adding shorts, the stop loss can be used at the previous high (wick).
We can see impulsive move downwards in the coming week to finish its bearish sequence.
TVC:DXY has taken weekly support which is strong and is in parallel channel, it can give a parallel channel breakout and reach first target zone in coming week or 2.
This analysis shows the whole downside as a corrective move. And the ongoing ending diagonal confirms a reversal to more upside. The invalidation level remains at the previous low, and above that the upside remains a likely move.
The Fed's Interest rate decision could trigger the strong move breaking the structure.
Price breaking the previous low (Invalidation...
Gold has printed bearish flag on hourly candle, we expect bearish move if price break the flag for bearish continuation.
Note:
All ideas forecasts are my personal views on the market, I share these ideas for free, and you're free to share my profile link with your friends, please do not use my Idea without credit.
I post and share for educational purposes hence...
GOLD has been so bullish for several weeks however the current structure suggested signals for reversal to the downside, the yellow horizontal lines are our important key support levels, you can find the raising wedge pattern which is formed and there's a ascending triangle which may signal for bull trend continuation, but based on Hourly time frame, the wedge...
