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In-Depth Technical Analysis & Exciting Market Predictions: June 18, 2024

DXY (US Dollar Index) Potential Direction: BullishOverall Momentum: BearishPrice Action: Potential bullish bounce off pivot towards 1st resistance Pivot: 104.90 Supporting Reasons: Pullback support aligned with 61.80% Fibonacci Retracement, indicating potential buying...

In-Depth Technical Analysis & Exciting Market Predictions: June 18, 2024

DXY (US Dollar Index) Potential Direction: BullishOverall Momentum: BearishPrice Action: Potential bullish bounce off pivot towards 1st resistance Pivot: 104.90 Supporting Reasons: Pullback support aligned with 61.80% Fibonacci Retracement, indicating potential buying...

POUND – US DOLLAR ANALYSIS and Trading Signals

In the Asian trading session, the British Pound held steady against the US Dollar, trading around the 1.2700 level. Market Context: The UK is not set to release any significant economic data today, contributing to a calm trading environment for the GBP/USD pair....

Monday 10th June 2024: Technical Outlook and Review

DXY (US Dollar Index): Potential Direction: Bearish  Overall momentum of the chart: Bearish Price could potentially make a bearish reaction off pivot and drop to 1st support. Pivot: 105.57  Supporting reasons: Identified as an overlap resistance, coinciding...

POUND – US DOLLAR ANALYSIS and Trading Signals

During Asian trading hours, the British Pound experienced a slight uptick against the US Dollar, with the exchange rate hovering just above the 1.2700 mark. This movement comes in a relatively calm period for the UK, as no significant economic data releases are...

Thursday 6th June 2024: Technical Outlook and Review

DXY (US Dollar Index): Potential Direction: Bullish  Overall momentum of the chart: Bearish Price could potentially make a bullish bounce off pivot and head towards 1st resistance. Pivot: 104.05 Supporting reasons: Identified as multi-swing high resistance,...

POUND – US DOLLAR ANALYSIS and Trading Signals

In today’s Asian trading session, the British Pound experienced a downturn, falling below the 1.2700 mark against the US Dollar. This movement reflects a cautious stance among traders, given the absence of major economic announcements from both the UK and the US...

Monday 20th May 2024: Technical Outlook and Review

DXY (US Dollar Index): Potential Direction: Bearish Overall momentum of the chart: Bearish Factors contributing to the momentum is that price is: In a bearish descending channel Price could potentially make a: Bearish reaction off pivot and drop to 1st support Pivot:...

POUND – US DOLLAR ANALYSIS and Trading Signals

In today’s Asian trading session, the British Pound experienced a downturn against the US Dollar, hovering below the 1.2700 mark. Investors are paying close attention as there are no significant economic data releases scheduled for today from either the UK or...

Friday 17th May 2024: Technical Outlook and Review

DXY (US Dollar Index): Potential Direction: Bearish Overall momentum of the chart: Bearish Price could potentially make a: Bearish reaction off pivot and drop to 1st support Pivot: 104.88 Supporting reasons: Identified as a pullback support, with confluence from the...

POUND – US DOLLAR ANALYSIS and Trading Signals

In today’s Asian market session, the British Pound maintained its position against the US Dollar, consistently hovering around the 1.2600 mark. As the trading day unfolds, no significant economic announcements are expected from the UK, shifting the market’s...

Thursday 16th May 2024: Technical Outlook and Review

DXY (US Dollar Index): Potential Direction: BullishOverall momentum of the chart: Bearish Price could potentially experience a bullish bounce off the pivot and move towards the 1st resistance. Pivot: 104.02Supporting reasons: Identified as a level of pullback support,...

POUND – US DOLLAR ANALYSIS and Trading Signals

In today’s Asian trading session, the British Pound experienced a slight uptick against the US Dollar, with rates surpassing the 1.2500 threshold. As the financial markets navigate through the trading day, no significant economic announcements are expected from...

Wednesday 15th May 2024: Technical Outlook and Review

DXY (US Dollar Index): Potential Direction: BearishOverall momentum of the chart: Bearish Price could make a bearish continuation towards the 1st support. Pivot: 105.41Supporting reasons: An overlap resistance is identified at this level, suggesting a significant area...

POUND – US DOLLAR ANALYSIS and Trading Signals

During today’s Asian market session, the British Pound experienced a slight depreciation against the US Dollar, with exchange rates falling beneath the 1.2600 mark. Investors are keenly focused on the forthcoming release of the UK’s unemployment rate data,...

In-Depth Technical Analysis & Exciting Market Predictions: June 18, 2024

DXY (US Dollar Index) Potential Direction: BullishOverall Momentum: BearishPrice Action: Potential bullish bounce off pivot towards 1st resistance Pivot: 104.90 Supporting Reasons: Pullback support aligned with 61.80% Fibonacci Retracement, indicating potential buying...

In-Depth Technical Analysis & Exciting Market Predictions: June 18, 2024

DXY (US Dollar Index) Potential Direction: BullishOverall Momentum: BearishPrice Action: Potential bullish bounce off pivot towards 1st resistance Pivot: 104.90 Supporting Reasons: Pullback support aligned with 61.80% Fibonacci Retracement, indicating potential buying...

GOLD – USD DOLLAR ANALYSIS and Trading Signals

In today’s Asian trading session, gold prices remained under pressure, trading below the $2,300 mark. This comes after a week of significant losses fueled by fears of sustained high U.S. interest rates ahead of the Federal Reserve meeting and key inflation data...

Monday 10th June 2024: Technical Outlook and Review

DXY (US Dollar Index): Potential Direction: Bearish  Overall momentum of the chart: Bearish Price could potentially make a bearish reaction off pivot and drop to 1st support. Pivot: 105.57  Supporting reasons: Identified as an overlap resistance, coinciding...

GOLD – USD DOLLAR ANALYSIS and Trading Signals

Gold prices are trading above the 2360 level in today’s Asian session, extending their gains for the week. The metal’s upward trajectory is driven by weak economic data, which has heightened expectations of interest rate cuts by the Federal Reserve, consequently...

Thursday 6th June 2024: Technical Outlook and Review

DXY (US Dollar Index): Potential Direction: Bullish  Overall momentum of the chart: Bearish Price could potentially make a bullish bounce off pivot and head towards 1st resistance. Pivot: 104.05 Supporting reasons: Identified as multi-swing high resistance,...

GOLD – USD DOLLAR ANALYSIS and Trading Signals

In today’s Asian trading session, gold was active above the $2380 mark, reflecting a recent dip from its weekly highs. This week, gold approached the $2400 per ounce threshold, driven by softer-than-expected U.S. economic data that fueled speculations about possible...

Monday 20th May 2024: Technical Outlook and Review

DXY (US Dollar Index): Potential Direction: Bearish Overall momentum of the chart: Bearish Factors contributing to the momentum is that price is: In a bearish descending channel Price could potentially make a: Bearish reaction off pivot and drop to 1st support Pivot:...

GOLD – USD DOLLAR ANALYSIS and Trading Signals

In today’s Asian market session, gold prices maintained a position above the 2380 level, reflecting a subtle retraction from the week’s earlier gains. This recent adjustment in gold prices comes after several Federal Reserve officials tempered expectations...

Friday 17th May 2024: Technical Outlook and Review

DXY (US Dollar Index): Potential Direction: Bearish Overall momentum of the chart: Bearish Price could potentially make a: Bearish reaction off pivot and drop to 1st support Pivot: 104.88 Supporting reasons: Identified as a pullback support, with confluence from the...

GOLD – USD DOLLAR ANALYSIS and Trading Signals

In today’s Asian trading session, gold prices hovered above the 2390 mark, displaying stability after significant gains in the prior session. This steadiness comes in the wake of weaker inflation data that nudged the US dollar to a month-long low, fueling market...

Thursday 16th May 2024: Technical Outlook and Review

DXY (US Dollar Index): Potential Direction: BullishOverall momentum of the chart: Bearish Price could potentially experience a bullish bounce off the pivot and move towards the 1st resistance. Pivot: 104.02Supporting reasons: Identified as a level of pullback support,...

GOLD – USD DOLLAR ANALYSIS and Trading Signals

In today’s Asian trading session, gold prices hovered above the 2350 mark, demonstrating resilience in the face of a depreciating US Dollar. Investors are closely monitoring the market as anticipation builds ahead of pivotal US consumer inflation data, which is...

Wednesday 15th May 2024: Technical Outlook and Review

DXY (US Dollar Index): Potential Direction: BearishOverall momentum of the chart: Bearish Price could make a bearish continuation towards the 1st support. Pivot: 105.41Supporting reasons: An overlap resistance is identified at this level, suggesting a significant area...

GOLD – USD DOLLAR ANALYSIS and Trading Signals

During today’s Asian trading session, gold prices witnessed a notable rebound, currently trading above the $2340 mark. This resurgence comes even as the US Dollar remains stable, a factor that traditionally pressures gold lower. Investors are displaying caution,...

In-Depth Technical Analysis & Exciting Market Predictions: June 18, 2024

DXY (US Dollar Index) Potential Direction: BullishOverall Momentum: BearishPrice Action: Potential bullish bounce off pivot towards 1st resistance Pivot: 104.90 Supporting Reasons: Pullback support aligned with 61.80% Fibonacci Retracement, indicating potential buying...

In-Depth Technical Analysis & Exciting Market Predictions: June 18, 2024

DXY (US Dollar Index) Potential Direction: BullishOverall Momentum: BearishPrice Action: Potential bullish bounce off pivot towards 1st resistance Pivot: 104.90 Supporting Reasons: Pullback support aligned with 61.80% Fibonacci Retracement, indicating potential buying...

EURO – DOLLAR ANALYSIS and Trading Signals

In the Asian trading session, the euro traded lower against the US Dollar, hovering below the 1.0760 level. Market Context: The Eurozone is not scheduled to release any significant economic data today. Similarly, the United States has no major economic reports...

Monday 10th June 2024: Technical Outlook and Review

DXY (US Dollar Index): Potential Direction: Bearish  Overall momentum of the chart: Bearish Price could potentially make a bearish reaction off pivot and drop to 1st support. Pivot: 105.57  Supporting reasons: Identified as an overlap resistance, coinciding...

Euro Remains Steady Amid ECB Rate Cut

The euro maintained a narrow trading range on Thursday after the European Central Bank (ECB) announced a rate cut, moving from record highs. The market had anticipated the ECB’s decision for months, resulting in minimal reaction as the news was already priced...

EURO – DOLLAR ANALYSIS and Trading Signals

In Asian trading today, the euro strengthened against the US dollar, hovering around the 1.0880 mark. This movement comes ahead of significant economic events on both sides of the Atlantic. The European Central Bank (ECB) is set to announce its latest interest rate...

Thursday 6th June 2024: Technical Outlook and Review

DXY (US Dollar Index): Potential Direction: Bullish  Overall momentum of the chart: Bearish Price could potentially make a bullish bounce off pivot and head towards 1st resistance. Pivot: 104.05 Supporting reasons: Identified as multi-swing high resistance,...

EURO – DOLLAR ANALYSIS and Trading Signals

In today’s Asian trading session, the euro experienced a slight decline against the U.S. dollar, with exchange rates falling below the 1.0860 threshold. This movement comes as investors and market participants eagerly await the release of CPI inflation data from the...

Monday 20th May 2024: Technical Outlook and Review

DXY (US Dollar Index): Potential Direction: Bearish Overall momentum of the chart: Bearish Factors contributing to the momentum is that price is: In a bearish descending channel Price could potentially make a: Bearish reaction off pivot and drop to 1st support Pivot:...

EURO – DOLLAR ANALYSIS and Trading Signals

In today’s Asian market session, the Euro dipped slightly against the US Dollar, positioning itself just under the 1.0860 threshold. Market participants are closely monitoring the Eurozone as it is slated to unveil its Consumer Price Index (CPI) inflation data...

Friday 17th May 2024: Technical Outlook and Review

DXY (US Dollar Index): Potential Direction: Bearish Overall momentum of the chart: Bearish Price could potentially make a: Bearish reaction off pivot and drop to 1st support Pivot: 104.88 Supporting reasons: Identified as a pullback support, with confluence from the...

EURO – DOLLAR ANALYSIS and Trading Signals

In today’s Asian trading session, the Euro held its ground against the US Dollar, consistently trading near the 1.0880 level. This stability comes on a day with no major data releases from the Eurozone, placing more focus on upcoming economic indicators from the...

Thursday 16th May 2024: Technical Outlook and Review

DXY (US Dollar Index): Potential Direction: BullishOverall momentum of the chart: Bearish Price could potentially experience a bullish bounce off the pivot and move towards the 1st resistance. Pivot: 104.02Supporting reasons: Identified as a level of pullback support,...

EURO – DOLLAR ANALYSIS and Trading Signals

In today’s Asian market session, the euro gained strength, trading just above the 1.0820 level against the US Dollar. Investors are closely watching the economic indicators, as the Eurozone is set to release its GDP data for the first quarter of 2024. This...

Wednesday 15th May 2024: Technical Outlook and Review

DXY (US Dollar Index): Potential Direction: BearishOverall momentum of the chart: Bearish Price could make a bearish continuation towards the 1st support. Pivot: 105.41Supporting reasons: An overlap resistance is identified at this level, suggesting a significant area...

Crude Oil Bullish Opportunity: An Expert Technical Analysis

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In-Depth Technical Analysis & Exciting Market Predictions: June 18, 2024

DXY (US Dollar Index) Potential Direction: BullishOverall Momentum: BearishPrice Action: Potential bullish bounce off pivot towards 1st resistance Pivot: 104.90 Supporting Reasons: Pullback support aligned with 61.80% Fibonacci Retracement, indicating potential buying...

In-Depth Technical Analysis & Exciting Market Predictions: June 18, 2024

DXY (US Dollar Index) Potential Direction: BullishOverall Momentum: BearishPrice Action: Potential bullish bounce off pivot towards 1st resistance Pivot: 104.90 Supporting Reasons: Pullback support aligned with 61.80% Fibonacci Retracement, indicating potential buying...

Monday 10th June 2024: Technical Outlook and Review

DXY (US Dollar Index): Potential Direction: Bearish  Overall momentum of the chart: Bearish Price could potentially make a bearish reaction off pivot and drop to 1st support. Pivot: 105.57  Supporting reasons: Identified as an overlap resistance, coinciding...

Thursday 6th June 2024: Technical Outlook and Review

DXY (US Dollar Index): Potential Direction: Bullish  Overall momentum of the chart: Bearish Price could potentially make a bullish bounce off pivot and head towards 1st resistance. Pivot: 104.05 Supporting reasons: Identified as multi-swing high resistance,...

Monday 20th May 2024: Technical Outlook and Review

DXY (US Dollar Index): Potential Direction: Bearish Overall momentum of the chart: Bearish Factors contributing to the momentum is that price is: In a bearish descending channel Price could potentially make a: Bearish reaction off pivot and drop to 1st support Pivot:...

Friday 17th May 2024: Technical Outlook and Review

DXY (US Dollar Index): Potential Direction: Bearish Overall momentum of the chart: Bearish Price could potentially make a: Bearish reaction off pivot and drop to 1st support Pivot: 104.88 Supporting reasons: Identified as a pullback support, with confluence from the...

Thursday 16th May 2024: Technical Outlook and Review

DXY (US Dollar Index): Potential Direction: BullishOverall momentum of the chart: Bearish Price could potentially experience a bullish bounce off the pivot and move towards the 1st resistance. Pivot: 104.02Supporting reasons: Identified as a level of pullback support,...

Wednesday 15th May 2024: Technical Outlook and Review

DXY (US Dollar Index): Potential Direction: BearishOverall momentum of the chart: Bearish Price could make a bearish continuation towards the 1st support. Pivot: 105.41Supporting reasons: An overlap resistance is identified at this level, suggesting a significant area...

Tuesday 14th May 2024: Technical Outlook and Review

DXY (US Dollar Index): Potential Direction: Bearish Overall momentum of the chart: Bearish Price could potentially make a bearish reaction off pivot and drop to 1st support. Pivot: 105.41 Supporting reasons: An Overlap resistance, indicating a significant level where...

Monday 13th May 2024: Technical Outlook and Review

DXY (US Dollar Index): Potential Direction: Bullish Overall momentum of the chart: Bullish Factors contributing to the momentum are that the price is in a bullish ascending channel. Price could potentially make a bullish bounce off pivot and head towards 1st...

Friday 10th May 2024: Technical Outlook and Review

DXY (US Dollar Index): Potential Direction: Bullish Overall momentum of the chart: Neutral Price is trading around the pivot and could potentially make a bullish reaction off this level to rise towards the 1st resistance. Pivot: 105.11 Supporting reasons: Identified...

Thursday 9th May 2024: Technical Outlook and Review

DXY (US Dollar Index): Potential Direction: Bearish Overall momentum of the chart: Neutral Price is trading around the pivot and could potentially make a bearish reaction off this level to drop towards the 1st support Pivot: 105.52 Supporting reasons: Identified as an...

Wednesday 8th May 2024: Technical Outlook and Review

DXY (US Dollar Index): Potential Direction: Bearish Overall momentum of the chart: Bearish Price is rising towards the pivot and could potentially make a bearish reaction off this level to drop towards the 1st support PIvot: 105.52 Supporting reasons: Identified as an...

Tuesday 7th May 2024: Technical Outlook and Review

DXY (US Dollar Index): Potential Direction: Bearish Overall momentum of the chart: Bearish Price is rising towards the pivot and could potentially make a bearish reaction off this level to drop towards the 1st support PIvot: 105.52 Supporting reasons: Identified as an...

USD/JPY: A Possible Reversal Elliott Wave Pattern Requires a Catalyst

USD/JPY: A Possible Reversal Elliott Wave Pattern Requires a Catalyst If you watched our FACE show yesterday, June 26th, you would have heard Blake and me discussing USD/JPY. As you may be aware, the pair has experienced an upward trend, surpassing the 160.22 mark...

Asian Currencies Weaken as Dollar Strengthens; Yen Nears Intervention Levels

Asian currencies generally weakened on Wednesday as traders favored the dollar ahead of crucial U.S. inflation data. This shift pushed the Japanese yen close to intervention levels previously seen in May. The Australian dollar, however, bucked the trend, appreciating...

Crude Oil Bullish Opportunity: An Expert Technical Analysis

Subscribe to continue reading Subscribe to get access to the rest of this post and other subscriber-only content. Type your email… Subscribe Already a...

In-Depth Technical Analysis & Exciting Market Predictions: June 18, 2024

DXY (US Dollar Index) Potential Direction: BullishOverall Momentum: BearishPrice Action: Potential bullish bounce off pivot towards 1st resistance Pivot: 104.90 Supporting Reasons: Pullback support aligned with 61.80% Fibonacci Retracement, indicating potential buying...

In-Depth Technical Analysis & Exciting Market Predictions: June 18, 2024

DXY (US Dollar Index) Potential Direction: BullishOverall Momentum: BearishPrice Action: Potential bullish bounce off pivot towards 1st resistance Pivot: 104.90 Supporting Reasons: Pullback support aligned with 61.80% Fibonacci Retracement, indicating potential buying...

GOLD – USD DOLLAR ANALYSIS and Trading Signals

In today’s Asian trading session, gold prices remained under pressure, trading below the $2,300 mark. This comes after a week of significant losses fueled by fears of sustained high U.S. interest rates ahead of the Federal Reserve meeting and key inflation data...

AUSTRALIAN DOLLAR – DOLLAR ANALYSIS and Trading Signals

During Asian trading hours, the Australian Dollar gained ground against the US Dollar, trading above the 0.6500 level. This movement reflects investor confidence in the Australian currency amidst a lack of market-moving data from both Australia and the United States....

DOLLAR – JAPANESE YEN ANALYSIS and Trading Signals

In the Asian trading session, the US Dollar appreciated against the Japanese Yen, trading above the 157.000 level. Market Context: Earlier today, Japan released its Q1 2024 GDP data, which aligned with market expectations. The absence of significant economic data...

POUND – US DOLLAR ANALYSIS and Trading Signals

In the Asian trading session, the British Pound held steady against the US Dollar, trading around the 1.2700 level. Market Context: The UK is not set to release any significant economic data today, contributing to a calm trading environment for the GBP/USD pair....

EURO – DOLLAR ANALYSIS and Trading Signals

In the Asian trading session, the euro traded lower against the US Dollar, hovering below the 1.0760 level. Market Context: The Eurozone is not scheduled to release any significant economic data today. Similarly, the United States has no major economic reports...

Monday 10th June 2024: Technical Outlook and Review

DXY (US Dollar Index): Potential Direction: Bearish  Overall momentum of the chart: Bearish Price could potentially make a bearish reaction off pivot and drop to 1st support. Pivot: 105.57  Supporting reasons: Identified as an overlap resistance, coinciding...

Euro Remains Steady Amid ECB Rate Cut

The euro maintained a narrow trading range on Thursday after the European Central Bank (ECB) announced a rate cut, moving from record highs. The market had anticipated the ECB’s decision for months, resulting in minimal reaction as the news was already priced...

DOLLAR – CANADIAN DOLLAR ANALYSIS and Trading Signals

In Asian trading, the US Dollar saw a slight decline against the Canadian Dollar, trading just below the 1.3700 mark. Analysis Market Overview: During the Asian trading session, the USD/CAD pair experienced a minor dip, reflecting the current market sentiment. The...

GOLD – USD DOLLAR ANALYSIS and Trading Signals

Gold prices are trading above the 2360 level in today’s Asian session, extending their gains for the week. The metal’s upward trajectory is driven by weak economic data, which has heightened expectations of interest rate cuts by the Federal Reserve, consequently...

AUSTRALIAN DOLLAR – DOLLAR ANALYSIS and Trading Signals

The Australian Dollar appreciated against the US Dollar during Asian trading, climbing above the 0.6600 level. This movement comes despite the absence of significant economic data from Australia today, while market participants keenly await the release of Initial...

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