Maintaining my shorts on this pair with validation coming from the 50EMA (turquoise) crossing the 100EMA (white) which forms a death cross in the 4hr time frame. GBPUSD has failed to make a new higher high and so I'm expecting a push down to the recent low, we may break this immediately, or retrace back to the descending trendline that's now formed. We're making...
XAUUSD retested $1920 demand earlier today and currently experiencing a bullish move towards $1930 which is a short time resistance. Following that, the previous weekly high near $1934 may prod the XAUUSD bulls before directing them to $1950 supply zone. The support can be found at $1918 followed by $1900. FOMC minutes and Fed Powell tonight will influence next...
EUR/USD is drifting downward on Tuesday. In the North American session, the euro is trading at 1.0898, down 0.15%. The US markets are closed for the July Fourth holiday, and we can expect limited movement from EUR/USD for the remainder of the day. After disappointing German and eurozone Manufacturing PMIs on Monday, it's the turn of Services PMIs on Wednesday. ...
Gold prices dropped for a second day in a row on Wednesday as recent (but not new) hawkish comments from Federal Reserve Chair Jerome Powell boosted the US dollar weighing on the yellow metal. At the time of writing, spot gold price, XAU/USD, is trading at $1,912 an ounce, just below its opening price, after hitting a three-and-a-half-month low of $1,902...
Traders, today we have those news releases for Wed, 28 Jun 2023.. Buyside liquidity then sellside liquidity.. Use these news as your trigger and most importantly, confirm your entry.. This view is linked to my previous view, please review it.. Price may reprice higher than H2 FVG and into my "sell area" marked in my previous idea.. Those are areas of "possible"...
EURUSD continues to be a non-traded instrument this week. It broke above 1.0950 yesterday but did not provide an entry opportunity. While it is below the previous high of 1.1000 we are looking at a downside option. Important news is coming today and tomorrow that will influence and confirm the next move here. During this time we continue to trade the JPY crosses!
NYMEX: WTI Crude Oil ( NYMEX:CL1! ), Micro Crude Oil ( NYMEX:MCL1! ) The talk of inflation deceleration created a wishful misperception. Does a CPI read from 9.1% to 4.0% mean price relief for consumer? Certainly not. Something costed $1 last year will go up to $1.04 this year on average. What really comes down is the rate and the pace of price increase, but the...
Tough times for the USD; the market didn't buy Powell's hawkish attempt, ECB went as expected and Dixie has plummeted today. I do think the USD crosses will get a breather retracement tomorrow, so we could see a bounce off the rising trendline on HTF's. If we break the wedge to the upside then this could lead to a higher low and could signal a reversal with a...
The EUR/USD pair retreated on Thursday after hitting six-week highs during the European session amid a broad-based dollar pullback. However, the US currency bounced at the beginning of the New York session after Federal Reserve Chair Jerome Powell's second-day testimony before the US Congress. At the time of writing, the EUR/USD pair is trading at the 1.0965...
These are just my ideas, what I’m expecting, and why, with this week’s the big fundamentals. Overview Big market-moving news this week with Wednesday’s UK CPI, Thursday’s BoE Interest Rate Decision and Forecast, there is also FED Powell’s testimony in between the UK events on Wednesday. Several things could play out with the UK news, which is what my scenarios...
#XAUUSD the price have created a two double pattern which will now make a reverse to hold first on 1943 limit because its has drop below 1920-1918 yesterday which is a bearish confirmation price decline, but now the price is trying to make an hold above two sideways which first target will be 1936 for a short bullish confirmation then a possible 1943 limit will...
Short term #yield is still weakening The 3M & 6M peaked not long ago & been going lower. The 1Yr & 2Yr are holding area when the #banks began to fail. The 10Yr peaked Oct 2022, last year. TVC:TNX has been lower & looks 2b headed lower at the moment. We'll see what the #FederalReserve does but Wall St thinks #fed is done with rates or @ CLOSE to the end of hikes
Building permits and housing starts were better than forecast, this may cause some selling in EUR/USD.... The HTF daily chart is both short term and intermediate term bullish, However the market is currently trading within a HTF 4hr timeframe gap which was formed last week... i am anticipating that the market will fill this 4hr gap due to todays bearish EUR/USD...
EUR/USD broke above the 1.0800 handle yesterday thanks to a weak US inflation report, yet price action now finds itself back beneath that key level leading into today's FOMC meeting (and tomorrow's ECB meeting). But as the pair has risen over the past two weeks, it may take a particularly dovish meeting from the Fed to drive it materially higher. Therefore,...
Whilst the US dollar has mostly retraced over the past couple of weeks against FX majors, it has held its own against then Yen. In fact, momentum is now turning higher after forming a triple bottom ~139 and breaking above a retracement line. The most traded price during the prior consolidation is 139.55, which could provide a level of support if prices retrace...
EUR/USD is trading at 1.0948 in Europe, almost unchanged on the day. On Thursday, the euro surged 1.05% in the aftermath of the ECB rate hike. The ECB raised rates by 25 basis points on Thursday, bringing the benchmark rate to 3.50%, the highest level since 2001. The markets were not surprised by the move but ECB President Lagarde's hawkish comments following the...
Last time with base and supply support and then "worked out" (xD) them based on the price behavior pattern. Today's behavior from the structure break line is determined from early September / early October, confirmation with fibonacci (bottom {0} + peak{1} ) that the price is applied to the creation. Additional fuel for speculation is a special Cyberpunk DLC,...
The three most important news have passed this week. This led to 200 pips current rise and confirmed the trend reversal. We’re currently at key resistance level-1,0940. We will look for another buys after correction, the goal will be reaching 1,1080 and breakout.