GBPUSD , JUST A VIEWJust observing the price , not clearing confirmed yet to go down for swing , weekly is still up , nearby the monthly OB , am just following the trend.
DJ FXCM Index
DXY Possibility Upcoming WeekDXY Possibility Upcoming Week As Per Possibility You Can Set A Trade Plan If Price Bearke The Demand Then Next Demand Will Be 99.3145
EURGBP Setup in progress , if breakout this go for LongEURGBP testing the trendline while it has already broken in OCTAFX broker , check it out with focus
Take a long postion with a risk/reward ration of 1:3 .
Also COT data is in favor:-
EUR - 163,338 Net positions
GBP - 2,398 Net positions
While many short positions has been closed in GBP , but it still may go long before a reversal
USD about to break trendlineUsd struggles to go upward very to near to break the trendline . if breaks than good fall expected
USD prediction based on important s/r levels.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.
DXY - FOMC Ahead - What To ExpectTVC:DXY is approaching a key daily structure support
Levels of 103.4 to 103.8, is the zone to focus on
Depending on the reaction of the market to FOMC meeting, one can anticipate 2 potential scenarios to emerge -
1) If price breaks the resistance of a falling wedge pattern on DTF, a bullish move can be expected
2) If price breaks the support of a falling wedge pattern and closes below the green support zone marked, a bearish move can be expected
Everything NOW DEPENDS on the FOMC meeting. My bet is DXY will consolidate here for a while and then rise again for a while before breaking downside since its also make a H&S pattern on weekly timeframe.
Let's see how the story develops. Best wishes!
Disclaimer -
- The opinions expressed here are my own. This is for my own records as well as what I see on charts.
- If you are referring to this, please keep in mind that it is only for educational and research purposes.
- Past performance is no guarantee of future results.
- You must accept responsibility for any decision you make. DO NOT TAKE THIS AS AN INVESTMENT RECOMMENDATION.
- It's your hard-earned cash. Trade / Invest wisely, keeping in mind your trading style, goals and objectives, time horizon, and risk tolerance.
- Before investing, conduct your own research and consult with a financial advisor.
TIA!
USDCHF BuyFX:USDCHF
usdchf has created a flag and pole pattern if it breaks upper side then we can plan for buying side and i am bullish in this.... plan your trade accordingly
USDINRIn the past times, USDINR is trying to hold its level and now we can see more rise above the levels
Characteristics of Triangle pattern
A pattern that has the following characteristics is more effective.
+ Before breaking out, prices need to touch both resistance and support levels at least twice each for the pattern to take effect.
+ This pattern gives a buy signal (breaking out of the resistance) which is more effective than a sell signal (breaking out of the support).
How to enter a trade is as follows.
When the price breaks out of the resistance, open a UP order. You can open the order as follows:
+ Entry Point: When the candlestick finishes breaking out of the resistance.
+ Stop-Loss: At the level where the price last hit the support before breaking out.
+ Take-Profit: From the entry point, the length is equal to the widest price amplitude generated within the Triangle.
#triangle
U.S Dollar currency Index U.S Dollar currency Index:-It form H&S pattern on monthly chart. It may start to correction from here.
US 10 yrs Govt Bond Yield:-It is near major resistance 4.13%.It may start to correction from here.
Nifty has inverse relations with above both, so it may start to bounce from major support level. Nifty major Support level 17122-17099
USDCHF BuyFX:USDCHF
USDCHF has formed Double bottom and when the neck line is breaks we can go for a long position.
DXY BEARISH REVERSALTVC:DXY Finally confirms it's Bearish Reversal
By Breaking down the prolong Uptrend. Now we can expect long term downtrend in DOLLAR to Resume.
It's Highly Bullish for Stocks, Commodities, Precious Metals, Paired Currencies and Cryptocurrencies.
U.S Dollar currency Index U.S Dollar currency Index tested our target level 111. I was predicted this on 13 may 2022 post.
It is working in parallels channel and currently trading at upper line resistance. it may correct soon.
Negative Divergence also seen on daily and weekly chart.
Nifty index in recession Nifty index, if recession come in market it may correct up to 14400, chart is self explanatory.
India market is strong and in positive movement but US market will lead to down.
It is only estimation as per market rumor's.
US DOLLAR BRACKOUTThis is the real tension of the Indian Stock market, the us doller currency index breakout in the all time hight
DXY set for Decisive MoveOn Daily Basis:
US Dollar Index (DXY) is correcting after it achieved the target of 109.29 as predicted in earlier published idea. 105.50 is a near term support level which is a test of DXY for further next decisive move. The trend is bullish right now and it should take the support of 105.50 with next probable target of 112 to 114. RSI on weekly basis has come down and on monthly basis it has scope to go to extreme overbought position which means it will be a final up leg. Usually it is volatile top. August or September may prove to be a blow off top in DXY. The ultimate target of 120 may not be ruled out.
Warning and Disclaimer:
Above prediction should not be taken as financial advise, it is a personal opinion.
Consult your financial advisor.
Investment is subject to market risks.
Past performance is not the guarantee for future performance.
It is for educational purpose only.
Dollar Index DXY Bouncing off 50SMAThe US Dollar Index, DXY, is bouncing off its 50SMA (red) on the daily chart. This looks like a sign of strength in the US Dollar as it seems folks are buying this dip and a successful bounce on 50SMA can take the price back to previous highs of 105 on the DXY.
CUP & HANDLE PATTERN IN MOTHER SUMI SYSTEM 12.02.2022BUY : 156 TO 133
TARGET 358
Reason For Buying This Script :
In this script it forming cup with handle formation in monthly time frame. Try to accumulate in lower levels. Once the price close above 358 in monthly time frame and the next target up to 485.
Note :
Above given levels are based on monthly & weekly time frame . So be patience it will take some days to achieve the target.
ALL THE BEST ..
US DOLLAR CURRENCY INDEX ANALYSIS!Hi everyone, US dollar currency index analysis & view on 1 week chart, index is going upside & if sustains above 97.220 can go upto 99.240 & 101.800 (level identified from harmonic xabcd pattern level 1.414/2.272) it shows FIIs are pulling thier money out from indian equity market & we can see fall in in equity markets too! TVC:DXY
USDOLLAR - Head & Shoulder Completion This Week?Last week we identified the head and shoulder pattern and we were anticipating XXXUSD shorts which played out well. We are still looking for further strength from USD. Looking for the completion of the right shoulder this week. Correlate this chart with the USD pairs and try and get and entry for the XXXUSD shorts.
Goodluck and trade safe!
