CAPITALCOM:DXY is trading in midzone of current dail timeframe buy/sell zone, keep eye on box zones marked at current price level to get an idea about the next possible direction upwards for upside rally on daily timeframe
Analysis
A five wave decline from 107.34, the high on Oct 03, 2023 to 100.62, the low on Dec 28, 2023.
In Elliott terms, this impulse structure tells us that the movement at the next larger degree of trend is also downwards. Within this impulsive structure, wave (i) is a Leading Diagonal, wave (ii) is a Flat which neatly predicts a Zigzag wave (iv) by...
Last week, I took long position in UDMXN at 16.66000 & Closed at 16.92500
Closed that position in more that $5000 profit in just 2-3 days.
My long setup is formed again in USDMXN
Taking long positions here at CMP 16.67000
My SL would be 16.62000
Target I'm expecting is 17.00000
Disclaimer - Do not consider this as a buy/sell recommendation. I'm sharing...
FOREXCOM:EURUSD
Hello traders , here is the full multi time frame analysis for this pair, let me know in the comment section below if you have any questions, the entry will be taken only if all rules of the strategies will be satisfied. wait for more Smart Money to develop before taking any position . I suggest you keep this pair on your watchlist and see if...
Reason for Trade is Elliot third wave and Trendline breakout Strategy
Entry price ,stoploss, Target already marked in the chart itself FYI.
Guys pls like, follow and share with your friends
Thank You and I wish everybody should win.
- SPX has shown us a parabolic rally
- It's better not tp short SPX without a strong confirmation
- Look to Long Spx once you see a nice retracement to the origin of the move
DXY/Dollar Index is currently trading near an overhead supply
- It will be very crucial to watch how it exactly reacts to its overhead supply
- IMO even if we see a good reaction from the overhead supply it will be still important to watch the reaction.
- From a long perspective it's better to wait out and first let the breakout happen - let the base form -...
- Eur/USD is currently trading in a consolidation phase
- I think it's currently in a no-trade zone
- We can see a Liquidity grab anywhere either from the supply or the demand zone
- IMO I think the price action looks more bearish
FOREXCOM:EURUSD
Hello traders , here is the full multi time frame analysis for this pair, let me know in the comment section below if you have any questions, the entry will be taken only if all rules of the strategies will be satisfied. wait for more Smart Money to develop before taking any position . I suggest you keep this pair on your watchlist and see if...
- The Euro still looks bullish when compared to the USD
- The USD has shown some huge downside, now we can expect some relief and bounce back
- The Euro still shows signs of bearishness IMO.
- The Euro can rip your longs if you are looking for one, prefer setting up long-only bias once the base is set and the trend in intact.
Good is the most secure ingesting got any invested and thus has a very critical position in the market. USD on the other hand is the most traded currency around the world. No matter what trades take place, be it oil, metals or commodities, gold plays a very vital role.
We have seen a steep jump in the gold and a steep fall on USD which clearly indicates that...
1) USD /CAD moves downside to 1.3700 on weaken US Dollar.
2) The bearish outlook for USD / CAD remain below the 50, 100 AND 200 moving average ( 1 hour TF ).
3) Major support level seen at 1.3655.
Technically, the bearish outlook for USD/CAD remains intact as the pair holds below the 50- and 100-day Exponential Moving Averages (EMAs) on the four-hour chart....
USD is making some serious inroads. INR trailing behind unable to maintain the equilibrium.
83.4210 is the current ATH. Today we went up to 83.3010. TVC:DXY at 107.
Continued FII selling will only add fuel to the fire. When the Indian media houses are gung-ho about the decadal that belongs to India & its growth story - the people outside are not that...
