USDCHF: Key Level & Potential Short 🇺🇸🇨🇭
Hey traders,
USDCHF is approaching a strong daily resistance level.
On hourly time frame, the price formed a triple top formation.
To catch a pullback from the underlined structure, wait for 0.921 horizontal neckline breakout (1H candle close below).
Then sell aggressively or on a retest.
Your goals will be:
0.917
0.914
In case of a new higher high higher close formation on hourly, setup will be invalid.
❤️Please, support this idea with a like and comment!❤️
DJ FXCM Index
XAUUSD GOLD SHORT POTENTIAL forecast !!!!Gold forecast for the week. Gold Has currently swept some liquidity on the daily. Daily is a large sell range which it has just broken today to make a new low around $1842. We have filled some imbalance on the higher time frames and we could see a pullback into $1800 before making another leg up. to new highs?
However short term price action, i believe in the next day or two we could see price come back up to the $1900 level before we make a new low down the $1800 where my weekly POI is. I will be looking for a confirmed entries short around here ($1900). Trade safe and be consistent.
If you find this TA helpful and you would like free updates, show your appreciation by giving us a follow and a like ❤️🙌🏻💸💰🤑
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.
💡Don't miss the great buy opportunity in ZILUSD @zilliqaTrading suggestion:
". There is a possibility of temporary retracement to the suggested support line (0.092950).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. USDTRY is in a range bound and the resumption of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 45.52.
Take Profits:
TP1= @ 0.12639700
TP2= @ 0.14416700
TP3= @ 0.16153600
TP4= @ 0.18369900
SL= Break below S2
❤️ If you find this helpful and want more FREE forecasts in TradingView
. . . . . Please show your support back,
. . . . . . . . Hit the 👍 LIKE button,
. . . . . . . . . . Drop some feedback below in the comment!
❤️ Your Support is very much 🙏 appreciated!❤️
💎 Want us to help you become a better Forex trader?
Now, It's your turn!
Be sure to leave a comment let us know how you see this opportunity and forecast.
Trade well, ❤️
ForecastCity English Support Team ❤️
U.S. Dollar Correction Not Over YetHere's the U.S. Dollar Index 4hr chart. It's all over a downtrend, and it's moving between the resistance and the support lines. It will fall to reach 90.10 by crossing 90.20 - 90.13 . After that, if the trend crosse 90.10 , then it will hit 87.50 .
But if the trend takes reversal by breaking the resistance, then it will reach the following levels 90.79 - 91.39 .
Are we on the verge of a US Market drop?Hello.
My name is François Normandeau
Here is an ADX-BRIEFING related to the 10-Year US Treasury Notes .
Currently, on the daily charts ,
all the indicators we are using are mentioning that the US Dollar Index
TVC:DXY
is currently in a confirmed downtrend.
Historically, there is a strong positive correlation between the US Dollar Index and the US Treasury Notes.
if DXY drops, ZN1! drops... if DXY rises, ZN1! rises... relatively speaking and all things being equal.
If anyone is currently keeping a major long position related to the US Bond market,
then this correlation is worth considering.
More details about this post, as well as a video analysis, later today, on our site .
Wishing you a great week,
François Normandeau
Institutional Research Director at ADX-BRIEFING
Don't miss the great buy opportunity in USDSGDTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (1.4162). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. USDSGD is in a range bound and the beginning of uptrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 65.
Take Profits:
TP1= @ 1.4300
TP2= @ 1.4402
TP3= @ 1.4635
SL= Break below S2
Don't miss the great sell opportunity in NZDUSDTrading suggestion:
. There is still a possibility of temporary retracement to suggested resistance line (0.6075). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. NZDUSD is in a range bound and the beginning of downtrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 45.
Take Profits:
TP1= @ 0.5975
TP2= @ 0.5910
TP3= @ 0.5850
SL: Break Above R2
A trading opportunity to buy in USDCADTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (1.4040). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. USDCAD is in a range bound and the beginning of uptrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 62.
Take Profits:
TP1= @ 1.4115
TP2= @ 1.4261
TP3= @ 1.4667
SL= Break below S2
A good sell opportunity in AUDUSDTrading suggestion:
. There is still a possibility of temporary retracement to suggested resistance line (0.6373). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. AUDUSD is in aptrend and the beginning of downtrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 43.
Take Profits:
TP1= @ 0.62490
TP2= @ 0.62030
TP3= @ 0.5977
SL: Break Above R2
NZDUSD Intraday ForecastAs we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=0.576.
But the short term forecast is range bound, so we expect to reach the following targets:
TP3: R1=0.586.
TP4: R2=0.592.
Set the stoploss of these orders at breakout of S2=0.5735.
Stop and reverse:
If trend gets reversed, sell (stop) orders will be opened at breakout of S2=0.5735.
In this situation, there is an expectation to reach the target S3=0.5615.
Set the stoploss of reverse orders at breakout of S1=0.576.
If you would like to trade in the next 24 hours , the intraday forecasts of ForecastCity will show you the most accurate and the most likely actions and swings of the market. Our intraday forecasts are available before those of all the other sites. Our intraday forecasts are available very early in the day. It is one of ForecastCity’s glorious and positive qualities. This quality has made us the first forecaster that forecast tomorrow for you!
USD INR towards 84 in couple of months INR will be weak in the coming months. Target expecting beyond 84.
Don't miss the great buy opportunity in NZDUSDTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (0.6322). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. NZDUSD is in a range bound and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 41.
Take Profits:
TP1= @ 0.6440
TP2= @ 0.6485
TP3= @ 0.6600
SL= Break below S2
AUDUSD Intraday ForecastAs we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=0.6585.
But the short term forecast is range bound, so we expect to reach the following targets:
TP3: R1=0.6645.
TP4: R2=0.6675.
Set the stoploss of these orders at breakout of S2=0.6565.
Stop and reverse:
If trend gets reversed, sell (stop) orders will be opened at breakout of S2=0.6565.
In this situation, there is an expectation to reach the target S3=0.6485.
Set the stoploss of reverse orders at breakout of S1=0.6585.
If you would like to trade in the next 24 hours , the intraday forecasts of ForecastCity will show you the most accurate and the most likely actions and swings of the market. Our intraday forecasts are available before those of all the other sites. Our intraday forecasts are available very early in the day. It is one of ForecastCity’s glorious and positive qualities. This quality has made us the first forecaster that forecast tomorrow for you!
AUDUSD Intraday ForecastAs we forecast downtrend for this day, so Forecast City suggests sell (limit) below R1=0.665.
But the short term forecast is range bound, so we expect to reach the following targets:
TP3: S1=0.6605.
TP4: S2=0.6585.
Set the stoploss of these orders at breakout of R2=0.6665.
Stop and reverse:
If trend gets reversed, buy (stop) orders will be opened at breakout of R2=0.6665.
In this situation, there is an expectation to reach the target R3=0.6735.
Set the stoploss of reverse orders at breakout of R1=0.665.
If you would like to trade in the next 24 hours , the intraday forecasts of ForecastCity will show you the most accurate and the most likely actions and swings of the market. Our intraday forecasts are available before those of all the other sites. Our intraday forecasts are available very early in the day. It is one of ForecastCity’s glorious and positive qualities. This quality has made us the first forecaster that forecast tomorrow for you!
US Dollar Index Trend Analysis !!TREND ANALYSIS & TRADE SETUP
Possible start of Uptrend.
Follow Chart Instruction.
Do not be Hurry for entry.
Wait for Proper Entry Setup.
Buy/Sell with Best Risk Reward.
Educational Chart Only.
You can Comment and ask the TREND ANALYSIS of any STOCK/SCRIPT/INDEX/FOREX.
Don't miss the great sell opportunity in NZDUSDTrading suggestion:
. There is still a possibility of temporary retracement to suggested resistance line (0.6450). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. NZDUSD is in a range bound and the beginning of downtrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 17.
Take Profits:
TP1= @ 0.6330
TP2= @ 0.6255
TP3= @ 0.6205
SL: Break Above R2