Weaker dollarA "long legged Doji" is a fancy name and shows indecision in the market. Since it formed after a strong bullish candle, the dollar might grow weaker against the rupee in a short term as RSI is over bought or stay range bound. This is a speculation because market may take move in any direction. Most analysts would want to watch the next few candles to check the direction of the market.
These are some of the price predictions for high and low (readers discretion advised)
21.06 Monday 75.24 73.02
22.06 Tuesday 76.15 73.89
23.06 Wedn 76.06 73.82
24.06 Thursday 76.24 73.98
25.06 Friday 76.18 73.92
E-DOLLAR
USDCAD has taken reversalUSDCAD has taken a reversal from 1.20200 in the weekly time frame with two Doji candles with good confirmation but volume is not supported so we can look at the first target of it is 1.26500 which is at a 0.23% level of Fibonacci
the one fundamental thing that is help it is the rising of the US Dollar
Trade is not recommended
Comment your views
Thanks
USDINR DOW theory Weekly View from Monday 14Jun2021USDINR DOW theory Weekly View from Monday 14Jun2021
Uptrend in Daily Timeframe
USDINR has broken out of a triangle/flag pattern
Retest of the same is expected to go higher.
However, gap up possibility is also considered, if this happens we are super bullish on it if it stays above the gap for at least an hour.
Details given on the chart.
Happy Trading !!!
Sell USDJPYHello, my fellow traders hope you all are making some profits. We are here with our new analysis so that we can increase those profits for you. Let’s get into it.
As we can see, the price has hit its RESISTANCE and is falling down.
Let us know your views on this in the comment section. Thank you all.
There is good news for our followers. We will be analyzing on-demand.
So let us know which pair you want our analysis on, and we will get it for you. Do like and follow us.
USDINR DOW theory Flag BOEverything explained in chart...
Sold Put options of lower strikes and next expiry...
Disclaimer : This is a trading idea for learning. No trading call. Keep your stop losses and risks within your limits.
USDINR View USDINR broke out and retested the 72.64 level
Also, the retest is fantastic with a big rejection hammer candle (bullish sign)
Buy the Dip is the view....
Making flag n pole continuation patterns
dollar (big boss :p )Note:
1. Views are personal and for educational purposes only. Recheck and take the trade as per your RR.
2. Always remember SL is your lifeline, not the big target...
3.Follow us for more patterns and like, share so that we feel it is helpful to many and share more patterns...
3. Views given here is not a tip rather it is for educational purpose... Aftermarket opens, the condition might change so learn to handle different conditions...
4. To learn more about patterns, Psychology behind the trade, and price action trading... contact us... Thanks...
Keep an eye ladies and gentlemen. Cheers and Happy Trading
💡Don't miss the great sell opportunity in GBPUSDTrading suggestion:
". There is still a possibility of temporary retracement to the suggested resistance line (1.416).
if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. GBPUSD is in a range bound, and the beginning of a downtrend is expected.
. The price is above the 21-Day WEMA, which acts as a dynamic support.
. The RSI is at 47.
Take Profits:
TP1= @ 1.410
TP2= @ 1.407
TP3= @ 1.403
TP4= @ 1.401
TP5= @ 1.397
SL: Break Above R2
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Trading Signal For EURUSDTrading Signal:
There is a Trading Signal to Sell in EURUSD Currency Pair.
Traders can open their Sell Trades NOW
⬇️Sell on 1.221 or Sell on uptrend breakout
⭕️SL @ 1.2261
🔵TP1 @ 1.2126
🔵TP2 @ 1.2051
🔵TP3 @ 1.1857
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Bitcoin flies to the 72/000 channel Baa falls $ 8000As I said before, from tomorrow, Sunday to the weekend , we will have an upward trend to Channel 72
As a result of the money triangle where the left wing of the bat is in the $ 8000 channel and the right wing is stretched to the 72/000 channel, the weight of the left wing will cause fatigue of the right wing and thus fall to the $ 8000 channel. will be
The fall to Channel 8000 will be final until May 25, 2021
Dollar IndexDollar Index
Lower top breakout above 91.40 and
higher top and higher bottom sequence is in place
Expect 94 to be tested with volatility.
Support of 91.4 need to be violated
very quickly for world equities to prosper in near term.
Negative divergence on RSI
but negative divergence at time tend
to delay the fall.
EURUSD, bearish continuation on Second weekHi traders
March Ist week turned out to be a game changer in the trading sector. Dollar strengthened with last week strong fundamentals
EURO against Dollar pair starting the month with strong down movement , price action supports further continuation of down momentum ..
It has a fair chance to retest the area of 1.20 and may continue its down momentum..
analysis for education purposes