Black Dollar Trading Journal

The price of EUR USD was moving in a bullish trend, last night in the New York session Brexit deal signed into law, that's why EUR USD is moving down. As you can see price has been crossed the support trend line and close below this support trend level. So you need to wait for the next candle for confirmation if EUR USD next candle closes below this level than would be exposed at the next support level which I have highlighted on the chart. Approximately to my technically examine EUR USD will move down, so you can invest in bearish and set the take profit level at 1.1971, putting the stop loss at above the support trend level at 1.2238,  which will work now as a resistance, as you know all of you when price break any support or resistance level after broken these level are working as an opposite accordingly to technical sequence, hopefully, EUR USD  will test our positive target.

NZD USD pair is in a strong bullish trend and its just going up and up and breaking all the major resistances on their way. Now if we see Weekly chart of NZD USD pair it has a weekly resistance at 0.7386 is the weekly resistance, and I’m so sure that it will get to its weekly resistance soon. And also USD index is falling with full force so, that is also positive for NZD USD pair. So, I will be suggesting buying entry on NZD USD pair and hope that it will get good profit.

EUR CAD price moves in a bullish trend channel from a very long time ago as you can see the assessment of EUR CAD in hour four chart time frame and price has been close in mid of this bullish trend channel. Approximately to my examine EUR CAD price will move down and would be testing the support level of this bullish trend channel and then will rise from this support level, so you can take a sell trade for a short time and then buy from the bottom of this support level and set the take profit level of upper resistance line at 1.5739, set the stop loss at below of this support trend level at 1.5477.

AUD JPY price is moving in the bullish trend, and you could see the rejection of the price. So according to the technical point of view, you can take a sell trade on this pair and set the take profit at the support level which I have highlighted on the chart 78.81. Put the stop loss at above the resistance level at just a few pips above 78.83. Hopefully, AUD JPY price will test our take profit level. So my wishes for all of you have a great Sunday.

GBP/USD is finishing the year on the front foot, with the pair crossing above the 1.3650 mark for the first time since May 2018 and printing highs during the European morning session in the 1.3680s. No particular news or theme is behind the upside, as sterling traders continue to juggle the themes of Covid-19 spread and lockdowns (will the UK go into national lockdown in January), vaccine distribution (how quickly can the UK achieve herd immunity) and Brexit (though a bare-bones deal has been agreed and no deal avoided, what next for the UK’s service sector, for which nothing has yet been agreed).

Month, quarter and year-end portfolio flows appear to again be distorting the price action on the final trading day of the year; amid a lack of any catalysts, EUR is the G10’s underperforming currency, which is holding the Dollar Index flat (EUR/USD makes up 50% of the basket of USD major exchange rates that make up the index), though the USD is underperforming versus the majority of its major counterparts. GBP is one beneficiary of the weaker US dollar. Over the coming hours, trading conditions are likely to significantly die down given market participants leaving early for New Year’s Eve celebrations.

XAU USD  price open with bullish pressure, and you can see the price has been break the resistance level of 1900, in hour four chart time frames you could see also a bullish gap, so according to technical sequences price will move and would be a full gap, so  I am also waiting for this opportunity when  XAU USD  price move down and would be testing the 1900 leveller than you can take a buy trade on  XAU USD  and set the take profit level at 1940, putting the stop loss at 1880. Hopefully, XAU USD  will move upward strongly, so good luck all of you have a great day.

The USD index was definitely giving a huge drop down since the last few weeks.
If we can see the index which was very much stable at 94.00 but after the negative news and USA election time index is getting weaker now. I think the price of USD index might drop more below 88.96 is the next target level. As we can see 103.00 was the highest price level earlier of this year but day by day USD condition is getting weaker.

Usdjpy is down trend will ho more down best to sell.