From the looks of the charts, it looks like EURJPY will drop back down to the lower resistance zone. The reason I predict this is because price has formed a double top (M pattern ) on the H1 timeframe and these usually indicate selling opportunities
This analysis is purely based on technical analysis and does not take fundamentals in mind.
NASDAQ has 8 confirmations
On the daily:
-Nasdaq has touched the last high and formed another top.
-Nasdaq has also reached the top of the daily trend line.
-Daily trendline is forming a wedge
On the 4H timeframe:
-Price is consolidating at the high and losing momentum
-Market is still within zones of...
So basically this is a 15min scalp on the DXY. It shows that price will rise to the resistance at 106739
There were 2 confirmations from 1H, 30min, and 15 min. On 15min and 30min timeframes, price broke above a small resistance and is now retesting it. We would be expecting price to go up from this retest.
On 1H, DXY is in an uptrend and just comes from the...
This is my first public analysis so I may not be 100%
I see a total of 4 confirmations across the Daily, 4Hour, 1Hour and 15Min timeframes. All of these timeframes except the daily timeframe are showing a breakout+retest. This means that price broke out of its original trend and is now retesting before continuing in the new direction.
On the daily timeframe, I...
