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EURUSD Strongest 4H RSI since December
- April 8, 2021
- Posted by: Tradingshot Articles
- Category: Forex
No CommentsEURUSD has been trading within a Channel Down since the January 06, 2021 Top. However since the March 31 low, it has posted an impressive rise, which despite still being contained within the Channel Down, it has printed the highest RSI value since December 04 as the title suggests. This could be due to
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DXY Will the 1W MA50 weigh more than the oversold 4H RSI?
- April 7, 2021
- Posted by: Tradingshot Articles
- Category: Forex
The U.S. Dollar Index is on critical cross cross-roads. Last week it got rejected on the Higher Highs trend-line (4H time-frame, left chart) and naturally pulled back to the Higher Lows trend-line, which is so far holding. With the 4H RSI oversold, the short-term sentiment is bullish. However last week’s rejection didn’t only happen
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DXY entered a new 3 year cycle. Will it be bearish or bullish?
- March 30, 2021
- Posted by: Tradingshot Articles
- Category: Forex
This month’s very bullish candle for the U.S. Dollar Index (DXY) is a transition one as it marks the end of the previous 3 year Cycle and the start of a new one. The previous Cycle was basically a neutral one, and it remains to be seen whether the current will be Bearish or
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USDCAD Wait for the perfect sell
- March 17, 2021
- Posted by: Tradingshot Articles
- Category: Forex
Pattern: Channel Down on 1D. Signal: Sell on the next contact with the 1D MA50 (blue trend-line). Target: 1.2320 (estimated 1.236 Fib extension). ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. ** ——————————————————————————————————– !! Donations via TradingView coins also help
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DOLLAR INDEX Will history repeat itself?
- February 25, 2021
- Posted by: Tradingshot Articles
- Category: Forex
Not much of an analysis, more of a post to debate and food for thought. As you see the current price action on the 1W time-frame since January appears to be forming a bottom similar to that of January – March 2018. The similarities are that both Bottoms came after a 1D Death Cross
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EURUSD Buy Signal
- February 17, 2021
- Posted by: Tradingshot Articles
- Category: Forex
Pattern: Channel Up on 4H. Signal: Buy as the 4H RSI hit its multi-month Buy Zone and the price itself the 0.618 Fibonacci retracement level, similar to the October 15 fractal. Target: 1.2200 (the -0.236 extension as with the October 15 fractal). ** Please support this idea with your likes and comments, it is
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EURUSD Channel Up emerging
- February 9, 2021
- Posted by: Tradingshot Articles
- Category: Forex
Pattern: Emerging Channel Up on 4H, so far the January-February price action resembles that of September-October 2020. Both legs within a larger/ longer term Channel Up (see chart at the end). Signal: Buy on the 4H MA50 if the price gets rejected on the 4H MA200. Target: 1.21700 (just below the 1st Resistance). The
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EURUSD Attention! Golden Cross on 1W formed!
- January 18, 2021
- Posted by: Tradingshot Articles
- Category: Forex
I want to post a quick notice on EURUSD where it just formed a Golden Cross (MA50 crossing above the MA200) on the 1W time-frame. That is the first time it forms this pattern since February 2018. Even though this is in theory a Bullish Formation, for EURUSD on the 1W chart, it has
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DXY conflicting patterns on the 4H and 1D time-frames.
- January 14, 2021
- Posted by: Tradingshot Articles
- Category: Forex
The U.S. Dollar index is consolidating for the past 2 days within the MA50 and MA200 on the 4H time-frame (chart on the left). The RSI is indicating that such consolidating, within a Triangle pattern, is similar to the December 22-25 sequence, which after it broke ended lower with a new Lower Low on
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DXY Bearish until Christmas
- December 8, 2020
- Posted by: Tradingshot Articles
- Category: Forex
Pattern: Channel Down on 4H. Signal: Sell as the price is approaching the 4H MA50, which has been rejecting every upside attempt since November 04. Also the RSI is at the top of its Channel Down and the MACD is repeating the November 10 – 13 sequence. Target: 90.100 (-1.30% as per the November