Expecting the Dollar Index to continue its upward trend.
TVC:DXY currently at buy zone, can go upto 106 if sustains above 104.733 level
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...
- Wait for the price to react from the zones. - Do not attempt longs blindly - Wait for the origin to get mitigated.
Rising US Yields are attracting liquidity from all assets. Also, in the domestic markets the yield curve has become flat. From being normal sloping during height of Covid to flat today; the shape and level of the yield curve have repercussions on investors. This video examines the liquidity situation globally as well as locally and tracks leading indicators to...
Currency Pair: XAUUSD ( GOLD ) Time Frame: 1 DAILY TF Analysis Summary: 📝 As per the 1-day timeframe (1D) for Gold spot, it indicates an uptrend. The Relative Strength Index (RSI) stands at 62.63, supporting the notion of an uptrend. The day's trading range for XAU/USD is between 1964.41 and 1981.64. The moving average suggests a strong buy signal. However, it's...
AUD/USD continues to recover from the 0.6285 area, gradually forming a double bottom pattern with the neckline at 0.6435. On frame D1, the recovery momentum has weakened after touching the 20-day MA at 0.6380. On the H4 frame, the currency pair is still maintaining an uptrend. The RSI and MACD indicators signal that the upward momentum is still maintained. The...
XAGUSD Technical Analysis : As of 17th October 2023, silver (XAG) against the US Dollar (USD) is showing signs of a bullish trend. The Relative Strength Index (RSI) is 53.57, indicating neutral conditions, while the Moving Average Convergence Divergence (MACD) is showing a Selling crossover. The silver price has also formed an ascending triangle pattern,...
MAJOR TECHNICAL LEVEL R1 : 1873.47 | R2 : 1875.09 | R3 : 1878.05 S1 : 1864.31 | S2 : 1865.93 | S3 : 1868.89 CANDLESTICK FORMATION Inverted hammer candle formation in intraday time frame. There are major technical indicators show strong buy zone in hourly, daily and weekly time frame.
With resistance between 106.811 to 106.45, Dollar is on a deciding stage where it will target eithe 108 as upside target on breach of the resistance or will change the trend for a while to pull back till 105.50, 105.10 as initial support range.
1) Pivot point IS 1820.50 _R1 : 1828.64 | R2 : 1837.27 | R3 : 1845.24_ _S1 : 1795.44 | S2 : 1804.07 | S3 : 1812.04 _ 2) Moving average ( 5, 10, 20, 50, 100, 200) _MA5 : 1822.49(S), 1829.33(E) | MA10: 1851.61(S), 1847.47(E) | MA20: 1886.48(S), 1871.32(E) | MA50: 1907.15(S), 1900.34(E) | MA100: 1926.74(S), 1915.11(E) | MA200: 1927.75(S), 1906.52(E)_ 3)...
Gold prices are recovering from weekly lows of $1,914 ahead of a busy Friday, with preliminary global PMI data releases. The US Dollar (USD) is temporarily breathing heavily even though US Treasury bond yields are setting new multi-year highs. The 14-day Relative Strength Index (RSI) indicator is just below 50, raising doubts about a recovery in Gold prices. On...
usdjpy long setup after liquidity breach if we can find internal liquidity between
FOREXCOM:NZDUSD 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...
Hello traders. It's great to meet you all again and explore the market for today. Currently, the euro/usd price is showing a long-term downward trend, but it is likely to reverse and move upward in the short term future.
Usd cad seems to be bearish soon . It can be rejected from the major supply zone after grabbing the liquidity
World gold price this morning was stable with spot gold up 0.9 USD to 1,916.3 USD/ounce. Gold futures in December last traded at $1,948.1 per ounce, down $1 from dawn yesterday. The gold market was quiet and did not react much to better-than-expected labor market data released on the evening of August 24 (Vietnam time). The recent US Labor Department report...
In the world, gold price increased mainly due to bottom-fishing demand when precious metal products stood at the threshold of 1,900 USD/ounce despite great pressure from USD. Investors also looked to gold while waiting for the annual symposium of the US Federal Reserve (Fed) to be held this weekend in Jackson Hole, Wyoming. The meeting brought together leaders of...