As per the video I think EURCHF is at a good place with great RR to enter some short positions. For months the trend has been downwards and I'm hoping to catch that trend again down to the next point.
AUD/USD, H4 13 March 2024 The Australian dollar, while experiencing a slight retreat from its recent bullish momentum against the U.S. dollar, continues to follow an upward trajectory in the AUD/USD pair. Traders are carefully positioning themselves ahead of the Reserve Bank of Australia (RBA) interest rate decision scheduled for next week. Market expectations...
EUR/USD, H4 13 March 2024 The EUR/USD pair has showcased resilience, managing to strengthen against the dollar even as the latter saw an upswing in the previous session fueled by a robust CPI reading. The euro's buoyancy can be largely attributed to a hawkish stance adopted by several members of the European Central Bank (ECB), indicating a reluctance to consider...
GBP/USD, H4 13 March 2024 The Pound Sterling has managed to find support at 1.2780 levels, experiencing a modest rebound from its recent bearish trend. However, recent economic data from the UK has presented some challenges for the currency. Yesterday's release of average earning growth and the unemployment rate fell short of expectations, adding to the pressure...
💵 DOLLAR_INDX, H4 💵 13 March 2024 The Dollar Index, consisting of major currencies, surged following the release of robust US inflation data. February's consumer price growth exceeded expectations, indicating persistent inflationary pressures that could complicate the Federal Reserve's rate decisions. Headline US consumer prices rose by 3.2% annually, surpassing...
🛢 CL OIL, H4 🛢 11 March 2024 Crude oil prices experience a slight dip as apprehensions persist over soft Chinese demand. Despite OPEC+ extending supply cuts, China's conservative economic growth target of around 5% for 2024 raises concerns. Analysts emphasise the challenging outlook without additional stimulus measures. Attention shifts to major central banks'...
USD/JPY, H4 11 March 2024 The USD/JPY pair extends its aggressive decline, weighed down by a narrowing interest rate differential between the US and Japan. Growing anticipation of the Bank of Japan exiting ultra-dovish policies fuels market demand for the Japanese yen. Policymakers' emphasis on a positive wage cycle and the potential for inflation to surpass the...
EUR/USD, H4 11 March 2024 The EUR/USD pair continues its upward momentum, primarily driven by the depreciation of the US Dollar. Despite the worse-than-expected US Unemployment rate and Average Hourly Earnings, triggering a significant sell-off in the Greenback, the Euro remains resilient. While the Eurozone lacks significant market catalysts, the unexpected...
GBP/USD, H4 11 March 2024 Pound Sterling experiences a surge against the US Dollar, propelled by discouraging US Unemployment data. The US Bureau of Labor Statistics (BLS) reports soft wage growth and a notable spike in the Unemployment rate for February. Despite better-than-expected Nonfarm Payroll data, the pessimistic economic outlook fuels expectations of a...
🔖XAU/USD, H4🔖 11 March 2024 Gold prices enjoy continued gains, propelled by a weakening US Dollar. A series of lacklustre US economic data, coupled with dovish statements from the Federal Reserve, diminish the appeal of the greenback. The focus shifts to forthcoming inflation reports, where a continued decline in US inflation may heighten expectations for Fed...
💵 DOLLAR_INDX, H4 💵 11 March 2024 The US Dollar grapples with losses as key employment indicators present a mixed picture. The disappointing unemployment rate and hourly earnings figures contrast with a robust non-farm payroll report, leaving the greenback in a delicate position. Bloomberg reports reveal that Federal Reserve Chair Jerome Powell and colleagues...
Weekly=Bullish. Daily=Bullish. 4H=Bearish (waiting for shift of structure) Weekly candlesticks are show rejection from 50% on weekly Fib. Overall Bullish market so waiting for 4h to shift to bullish. Zones marked up are daily supply & demand aka areas of interest.
GMXUSDT is poised for a retest of a critical resistance level on the weekly chart at $59.3517. This resistance zone has been tested seven times on the daily chart, with the last two attempts accompanied by decent buying pressure. Technical Analysis: Resistance: $59.3517 (Weekly) Support: $40.1870 Volume: Increased buying pressure on recent touches...
Daily pennant near psychological level 18000. Expecting Bullish continuation for monthly time frame. If Daily pennant breaks out for buys expecting it to shoot for 18500 then 18900 area.
Let's dive into analyzing crude oil on the daily chart. 🌊💡 Following a decline and correction to the 0.5 Fibonacci level, we are currently riding the waves within an upward channel. This channel is our guiding light. 🌟✨ If we successfully breach the line at 79.290, we may witness an exhilarating surge in oil prices 📈, potentially soaring to the lofty heights of...
🛢 CL OIL, H4 🛢 8 March 2024 Oil prices have faced challenges in sustaining upward momentum, despite factors that traditionally might boost prices, such as the easing strength of the dollar and potential dovish policy shifts from the Federal Reserve. However, there was a slight rebound in oil prices in the latest trading session, attributable to a temporary supply...
USD/CAD, H4 8 March 2024 The Canadian Dollar experienced a notable resurgence as the market absorbed the hawkish sentiments emanating from the Bank of Canada. In its most recent monetary policy decisions, the BoC opted to maintain its interest rates at 5%, with the Bank rate and deposit rate held at 5.25% and 5%, respectively. The central bank affirmed its...
EUR/USD, H4 8 March 2024 EUR/USD pair extended its gains, reaching multi-week highs amidst heightened selling pressure on the US Dollar. The weakened greenback was fuelled by disappointing readings from the US labor market, creating a favourable environment for the Euro. Despite the European Central Bank's (ECB) overall dovish stance, the momentum of the EUR/USD...