By Admin
Category
October 19, 2023
Comments (05)
Q2, 2024 FOREX OUTLOOK
In Q1, 2024 we saw a strong dollar fueled by inflation and increasing global oil prices. In Q2,2024, our forex outlook focuses on DXY, EURGBP and USDCAD as the dollar declines due to profit taking.
DXY
DOLLAR INDEX CHART
DXY broke above a key level of supply indicating a bullish momentum. Presently (22.04.2024) we are anticipating a final push upwards to contact a previous unmitigated supply. Thereafter we expect profit taking to take place and the DXY to push lower, consequently, cross USD pairs will be on a bullish correction for the short term. The target for profit taking is the demand at 103.78 price handle.
EURGBP
EURGBP CHART
The overall trend on the monthly chart is bullish. On the weekly and daily charts, we have a bearish market structure indicating we are in a correction.
On the 4 hour chart, we have a confirmed shift in market structure that seeks to correct a previous unmitigated supply. I am looking to trade the bullish correction thereafter targeting the disequilibrium between 0.85 to 0.87.
USDCAD
USDCAD CHART
On the monthly and weekly charts, we have bearish price action.. After a strong bearish run in 2021, the price sought to correct previous imbalance that is about to come to an end. Presently (22.04.2024), we expect price to make one final push higher, thereafter we will be looking for reversal signs.
Check out signal subscription packages.
Pablo
19-May-2025
What's Going down i'm new to this, I stumbled upon this I have discovered It absolutely useful and it has helped me out loads. I am hoping to contribute & aid other customers like its helped me. Great job. casino en ligne Hi there, I enjoy reading through your post. I like to write a little comment to support you. casino en ligne I have read so many posts concerning the blogger lovers however this post is really a good paragraph, keep it up. casino en ligne Nice blog here! Also your site loads up very fast! What web host are you using? Can I get your affiliate link to your host? I wish my web site loaded up as fast as yours lol casino en ligne I like the valuable info you provide in your articles. I'll bookmark your weblog and take a look at once more here frequently. I am reasonably certain I will learn many new stuff right here! Good luck for the following! casino en ligne I really like your blog.. very nice colors & theme. Did you design this website yourself or did you hire someone to do it for you? Plz answer back as I'm looking to construct my own blog and would like to know where u got this from. cheers casino en ligne France I used to be suggested this website by my cousin. I'm no longer positive whether or not this put up is written by means of him as no one else know such targeted about my difficulty. You are wonderful! Thanks! casino en ligne I know this web page gives quality depending articles and additional information, is there any other website which offers these stuff in quality? meilleur casino en ligne You made some decent points there. I checked on the internet to find out more about the issue and found most people will go along with your views on this web site. casino en ligne Hello there! I know this is kinda off topic but I was wondering which blog platform are you using for this site? I'm getting fed up of Wordpress because I've had problems with hackers and I'm looking at options for another platform. I would be great if you could point me in the direction of a good platform. casino en ligne francais