When the DXY daily chart is examined; It is observed that the price movements continue above the support zone. It is evaluated that the DXY price may exceed the 110.46 level and target the 118.87 level in price movements above the 106.70 level as long as the 104.65 level is not broken down.
Not a terribly difficult trading range today. ATH’s above us, 35EMA below, bottom of the implied move 535 Bearish divergence in strength. 30min 200MA likely on deck Pretty bullish setup overall but overbought and bearish divergence. Low volume too which is driving me crazy but we don’t seem to get any sell off volume. The 1hr 200MA is underneath the 50DMA (which is the 2hr 200MA) and that is a hidden bearish signal.
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The Pepsi stock recently showed a strong reaction to the support at $141.52, reinforcing the significance of this level. However, we primarily anticipate that this level will be breached next. During the ongoing magenta wave (5), the price should drop into our beige Target Zone (coordinates: $131.12 – $124.50), which presents potential long-entry opportunities. We primarily expect the beige wave a to conclude within this Zone. But if the stock instead breaks above the resistance at $165.13 (probability: 31%), this will confirm that the low of the beige wave alt.a was settled prematurely.
Following the RBA’s hawkish rate cut supports, we are continuing to see bullish AUD/USD price action. Earlier this week, the RBA provided no clear easing bias, citing risks on both sides of the inflation outlook. While it acknowledged that the disinflationary process is progressing, a strong labour market has kept policymakers cautious. The central bank’s governor Bullock highlighted risks to inflation, saying we cannot declare victory on inflation yet. Overnight, we had some strong labour market data that further supported the Aussie dollar, and just now we have seen rates break to a new weekly high. From a technical standpoint, the trend has been bullish on the AUD/USD ever since forming a hammer candle around the 0.6130 area a couple of weeks ago. Since then, it has consistently printed bullish price action, keeping buyers in control. Previous resistance at 0.6330 has now turned into support, keeping the path of least resistance to the upside. This has potentially paved the way for a run toward the 0.6500 handle in the next few days. Ahead of that, the 38.2% Fibo level comes into focus as 0.6415 next. On the downside, the 21-day exponential moving average at around 0.6280 serves as the next support in the event of a breakdown below the abovementioned 0.6330 level. By Fawad Razaqzada, market analyst with FOREX.com
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Not a terribly difficult trading range today. ATH’s above us, 35EMA below, bottom of the implied move 6115 has a previous support. Bearish divergence in strength. 30min 200MA on deck (maybe close to where it crosses the downtrend) if we close under the 35EMA. Pretty bullish setup overall but overbought and bearish divergence. Low volume too which is driving me crazy but we don’t seem to get any sell off volume.
#XRP is in a strong uptrend, showing no bearish signs, and currently forming a classic AB=CD pattern on the 1-hour timeframe. This pattern is a well-known harmonic structure that often leads to a continuation of the trend! Key Technical Insights: ? AB=CD Pattern Completion: Price is approaching the 0.618 Fibonacci retracement zone. ? No Bearish Signs: Momentum remains bullish, with increasing volume. ? Confluence Support: The 0.618 FIB level aligns with previous demand zones, increasing the probability of a bounce. Trading Plan: Entry: Around the 0.618 FIB level, Price is 2.65 ? Targets: TP at 2.88 ? Stop-Loss: Below structure 0.5 FIB level, Price is 2.6 What do you think? Will #XRP respect the AB=CD pattern and continue higher? Drop your thoughts in the comments! Like & Follow for more high-probability trade setups!
NASDAQ:SWKS at head and shoulders neckline. What do you think? Can it hold?
Der Euro aktuell im Aufwärtstrend. Im Trend bleibend bietet sich eine Long Position an. Alles weitere dazu und eine kleine Trading Idee stelle ich euch im Video vor. Wenn euch meine Videos gefallen, dann freue ich mich über einen erhobenen Daumen.