Overall, EASYMARKETS:GBPUSD is still trading above a medium-term tentative upside support line taken from the lowest point of March 2023. From the shorter-term perspective, from around mid-December, the pair is moving sideways within a range, roughly between the 1.2615 and 1.2800 areas. In order to consider the next short-term directional move, we would prefer...
Gold kicked off the week at high levels as it traded near $2,050 per ounce, buoyed by the Middle East conflict’s safe haven demand and stubborn market sentiment that rate cuts are coming sooner rather than later. But as the shortened holiday week rolled onward, a steady diet of hawkish central bank comments and the absence of any energy boosts from geopolitics...
– Previous Weekly candle closed Bearish around 2029.600 forming Weekly Resistance around 2049.200, Friday daily candle closed weak Bullish rejecting 2040s area. – Buys on close above 2035.300 targeting 1h Resistance formed around 2041.600, Leaving Runners to the Weekly Resistance formed around 2049.200. – Sells on close below 2024.900 targeting 1h Support around...
Here is my latest structure analysis for GBPUSD. Resistance 1: 1.2760 - 1.2786 area Resistance 2: 1.2799 - 1.2828 area Support 1: 1.2596 - 1.2620 area Support 2: 1.2500 - 1.2550 area Support 3: 1.2374 - 1.2415 area Consider these structures for breakout/pullback trading next week. ❤️Please, support my work with like, thank you!❤️
My DXY view for this first Q of 2024. FUNDAMENTALS: We started with a clear shift of sentiment this year. Last two months of 2023, market rapidly priced rate cuts into the usd dollar, expecting cuts as early as March also J. Powell gave the most dovish speech in his career in the hopes that inflation will slow down faster than expected an attemp to save banks...
The gold market continues to consolidate in a narrow range as investors swing back and forth on the timing of the Federal Reserve's interest rate cuts this year.
I think cash will be king again soon! It broke a downtrend from 1985 and 2002. It has backtested all lit needs to, could get down to 102.8 on the very short term (4hr chart) but after that it should fly. I think this will take everything down, equities, crypto and metals. Pretty sure you're only going to want to hold cash and shorts. Good luck out there...
As seen on the chart there is a rejection on the daily orderblock indicated. this is a bearish orderblock. Price should draw to the volume imbalance indicated and ultimately the week FVG shaded in green. This idea is also supported by seasonality of years of pre-election. We should see a turn in price on the end of February going into March
After a breakout of a resistance line of a falling wedge pattern, AUDUSD formed a cup & handle formation on a 4H. The neckline of the pattern was broken at night. The price retested that in the morning. We can anticipate a bullish movement higher. Next goal - 0.663 ❤️Please, support my work with like, thank you!❤️
– Previous Daily candle closed strong Bullish around 2023.100 forming Daily Support around 2006.200 as weekly candle retraces. – Buys on close above 2025.500 targeting 4h Resistance around2030.500, Leaving Runners to the 1h previous Support formed on 16th January 2024 around 2036.900. – Sells on close below 2019.300 targeting 15min Support formed around 2014.300,...
Good Morning Update The US #Dollar is holding the recent area it broke above. It looks like it wants to push higher. How high can it go? We will see but it should face a pause where the at arrow is at. This area has been an issue before, short term at least. TVC:DXY Have to say that the weekly on CRYPTOCAP:BTC is UGLY. #Gold not as bad but looks a little...
Yesterdays move went really well, while i projected total 240 pips, i chickened out at 85 pips net... move ended up completing the full 240 without me. no major news today, regular risk
Daily/4h/1h time frames analysis for USDCAD. Key levels & price action. Bearish outlook explained. ❤️Please, support this video with like and comment!❤️
Gold pullback and retest of the strong support zone. I expect the price to pull back and the small rang, then continue falling. My goal is 1994,and 2 Target: 1976.4
AUDUSD is testing a strong horizontal daily support. After its test, the price bounced and violated a resistance line of a falling wedge pattern on a 4H, giving us a strong bullish confirmation. We can expect a pullback now. Goals: 0.659 / 0.663 ❤️Please, support my work with like, thank you!❤️
– Previous Daily candle closed extremely Bearish around 2006.300 breaking below previous Weekly Low and tapping into previous Weekly Resistance formed on 30th October 2023. – Buys on close above 2012.300 targeting previous 1h Support formed around 2019.300, Leaving Runners to the 4h Resistance formed around 2024.700. – Sells on close below 2002.000 targeting...
Price action analysis. Important key levels. Directional bias. Top-down analysis. ❤️Please, support this video with like and comment!❤️
Looking to keep selling now that news came out. Two separate trades charted.