The U.S. Dollar Index (DXY) closed the week up 0.61% at 104.951 after reaching a high of 105.441 and a low of 103.373, marking a strong finish amid fresh speculation around Trump’s economic policies and the Federal Reserve’s rate cut. With markets anticipating Trump’s potential pro-growth and inflationary policies—such as increased tariffs and deregulation—the...
AUD/USD 04/11/2024: This is the setup I want. Primary order block broken, break of structure taken out, and the low taken out. Retest on order block bearishly confirmed.
US Dollar retreated after posting solid gains in recent weeks. Nonfarm Payrolls increased by 12,000 in October, falling short of market expectations. Markets remain almost fully pricing in a 25 bps cut by the Fed next week. The US Dollar Index (DXY), which measures the value of the USD against a basket of six currencies, rebounded intraday despite the weak jobs...
GBP USD the GBP/USD pair and noticing patterns related to liquidity and order blocks. When liquidity is taken out, it often creates opportunities for traders to enter at better levels. Your observations about the H1 order block and price action could provide valuable insights for your trading strategy.
US Dollar (USD) rose, alongside the rise in UST yields. Dollar Index (DXY) was last at 104.26 levels. US data, including durable goods orders, Uni of Michigan sentiment surprised to the upside, OCBC’s FX analysts Frances Cheung and Christopher Wong note. Daily momentum remains bullish “RSI eased lower from overbought conditions. While the recent run up continues...
With liquidity being pulled and significant Euro and US news on the horizon, it's definitely a time to tread lightly. The uncertainty surrounding the US elections and the upcoming NFP report can lead to increased volatility. It might be wise to limit trading activity this week and wait for clearer signals once the events have passed. Staying cautious is a smart approach!
The Dollar Index (DXY) is currently trading at $104.123, up by 0.10%, but hovers close to a key pivot point at $104.144. This level aligns with the 50-day EMA of $104.146, marking it as a critical zone for short-term direction. Should DXY break above $104.15, we might see upward momentum build, pushing toward immediate resistance at $104.281, with additional...
NIce OB rejection and multiple wick rejection. UD/USD is behaving like a cyclical risk asset, showing far stronger relationships with crude oil and US stock futures than US interest rates directly like USD/JPY. The readthrough is that if traders continue to run with the soft landing narrative, we may see further upside for AUD/USD but limited downside for...
We have a great chart Marked up.As the North American session begins, the AUD is the strongest and the CAD is the weakest. The ECB will announce its rate decision at 8:15 AM ET, with the expectation for a 25 basis point decline ECB expected to lower deposit rate by 25 basis points from 3.50% to 3.25%, with markets pricing nearly a 100% chance of this outcome. The...
What a great chart on point let's wait for the charts to open.The Canadian Dollar (CAD) is little changed against the USD, with spot holding close to 1.38 on the day. The CAD’s slide against the USD steadied through mid-week which was not unexpected, given the extended and sustained drop seen since the start of the month, Scotiabank’s Chief FX Strategist Shaun...
We had a great chart but i was late it meets all the criteria.GBP/USD drops 0.34%, reaching a low of 1.2981 after soft UK inflation report shocks markets. A close below 1.3000 could lead the pair to test the 100-DMA at 1.2951 and further support levels. If bulls regain control, resistance at 1.3100 and the 50-DMA at 1.3118 are key upside targets.
I love this sort of charts and trends where the FVG is available. BOS break below and retest on the FVG is where i will be looking at the set up. Not today Due to two Back to back wins on GU plus its Monday.
Great rejection on a trade today and simple break and retest. British Pound September breakout stalls at initial resistance- outlook remains constructive GBP/USD immediate advance may be vulnerable into monthly cross- NFPs on tap Resistance 1.3414, 1.3500/15, 1.3671/85 (key)– Support 1.3091, 1.30, 1.2731/73 (key) The British Pound marked a second weekly advance on...
The Australian Dollar (AUD) could edge higher, but it is unlikely to be able to break above 0.6930. In the longer run, AUD has to break and remain above 0.6930 before an advance to 0.6980 can be expected, UOB Group FX analysts Quek Ser Leang and Lee Sue Ann note. AUD has to remain above 0.6930 to advance towards 0.6980 24-HOUR VIEW: “We highlighted yesterday that...
EUR/USD concluded a stable week, trading around the 1.1170 mark, despite earlier momentum favoring the US dollar. Earlier in the week, the dollar surged—its fastest pace since early June—as markets anticipated insights from key Federal Reserve policymakers. However, no definitive data emerged to significantly sway the dollar's trajectory; rather, subtle market...
Nice entry pure Market structure.EUR/USD recovers the majority of its intraday losses and returns above 1.1150 in Friday’s New York session. The major currency pair pares losses as the US Dollar (USD) falls back after the release of the United States (US) Personal Consumption Expenditures Price Index (PCE) for August, which indicated that inflation remains on...
Bitcoin defies the odds with a 22% surge from the month's low, challenging September's bearish reputation. All eyes are on the $65,200 mark as bitcoin approaches a pivotal point in its trading channel. A 10% price increment analysis reveals bitcoin's potential for unexpected, significant moves.
The AUD/USD pair performs strongly above 0.6800 in Monday’s European session. The Aussie asset gains as the Australian Dollar (AUD) outperforms its major peers ahead of the Reserve Bank of Australia’s (RBA) monetary policy decision, which will be announced on Tuesday. Traders expect the RBA to leave its Official Cash Rate (OCR) unchanged at 4.35%, with...