Have a look at the related links for indepth analysis for XAUUSD pair.
the pair seems to be headed towards the ascending weekly trendline which lies at around 1270.00 level. Tonight's FOMC meeting results will probably decide the fate of this pair and we will wait to see if the H&S pattern will be completed or not. i am already SHORT on GOLD will my TP target...
WE have highlighted key support and resistance for the DXY ahead of today's FOMC.
The markets are priced for the dovish outcome, so the path of greatest pain is if the Fed comes in hawkish (one or two dots in 2019).
• Investors are focused on the Fed to see whether the central bank will affirm its commitment to “patient” monetary policy and for clues about the likely path of U.S. borrowing costs.
• We have numerous announcements coming from the FED tomorrow morning at 5am (AEDT), we are expecting interest rates to be kept on hold, however the ‘Dot Plot’ could...
The USDCAD pair is forming a very nice buy setup on the daily chart, after recently finding support at the confluence of a rising trendline and the 61.8% Fib level (February 27).
In March, the pair broke above a triangle pattern and completed a pullback to the upper triangle line.
The current price action is extremely interesting as a long confirmation, given...
Its no doubt that Gold is bullish in a longer term view, however for those of you who prefer a greater risk to reward ratio it might be favorable to wait for the yellow metal to retrace towards the 1270.00 level before executing a LONG trade. Have a look at the main chart, where the steep upward channel has been broken and pierced the daily 50 EMA and currently...
As most of you already know the targets below remain in play.
The ECB introduced a risk premium on the EUR which is only going to increase as the EZ outlook softens. I like playing EUR against pockets of USD strength as we have the possibility for renewed pricing on Fed hikes in the picture and JPY via fiscal year-end repatriation flows.
Best of luck all shorts
Some slightly bearish indicators to start the week off.100-hour VWMA has essentially been flat for almost two weeks, bearish divergence on the 100-hour CCI and fisher transform.
Looking for a pullback to or below the $279 level before going long SPY/QQQ April calls for the FOMC meeting. With the FED, the president and the banks working in coordination to...
The 1.03000 level holds the key for this pair to reverse or continue trending northwards. As the price will likely approach the crucial 1.03000 level which has been respected on many on occasions, it is favorable for many traders to take advantage of this situation and possibly reap huge profits target with minimum stop loss. However keep in mind the certain...
The above represents the analysis behind this trade setup. keep in mind our target set here is the weekly 50 EMA. Below are the entry details
TRADE TYPE: INSTANT SELL POSITION AT AROUND 1294.00 LEVEL
STOP LOSS: 1321.00
TAKE PROFIT: 1267.00
SHALL THERE BE ANY UPDATES I WOULD BE PROVIDING THEM IN THE THREAD. CHEERS
The above presents the analysis for this trade setup.
INSTANT SELL PRICE AT AROUND 067600 LEVEL
STOP LOSS: 0.70000
TAKE PROFIT: 0.64300
SHALL THERE BE ANY UPDATES I SHALL PROVIDE THEM IN THIS THREAD. CHEERS AND GOOD LUCK
TRADE TYPE: PENDING SHORT ORDER
SELL LIMIT PRICE: 110.518
STOP LOSS: 110.964
TAKE PROFIT: 110.072
REFER TO THE RELATED LINK FOR THE TECHNICAL AND FUNDAMENTAL IDEA BEHIND THIS TRADE SETUP. I SHALL KEEP UPDATING IN THE THREAD BELOW. CHEERS
With Tariffs delayed which were suppose to come into effect on 1st march and renewed optimism that a trade deal could be reached soon between the world two largest economy, Aussie could be in for a benefit! China usually imports many of its raw material from Australia and if a trade deal can be reached soon (which is a likely scenario) aussie dollar could make a...
With the crucial 97.00 area rejected and acting as a concrete resistance, DXY is showing signs of exhaustion both technically and fundamentally!
Looking at the fundamental picture, the FED has already signaled that its pausing its rate hike, moreover the trade war among the two largest economies in the world is just putting to much pressure on the greenback. FED...
DXY weekly, possible head and shoulders. FOMC Tomorrow will send it lower? Powell said 2 raises this year from previous 4. I think they keep dovish tone, until economic data is better. Consumer sentiment was 120, compared to 124. Oil looks really good, gold has quite a run already. I am in 1/3 pos $UWT and $Nugt. Sanctions against Venezuela could be bullish for...
WTIUSD - Inverse head and shoulders? DXY and FOMC catalysts next week. Watch for break over $54.50 on WTI and target .618 Fib level. Depending on FOMC statements on rates, DXY could get saved here or go down more. EIA report Jan 23rd build of 7 Mboe vs 1MBoe expected build. Good luck!
Spy upper trendline and fibonacci .618 about to meet at $270. I think with Banks beating ER, Dovish Fed and china news has pushed market to short term bullish. Look for earnings next week with MSFT, Goog and Amazon to decide future direction. I took profits before spy $260 and lost some profits. FOMC meeting Jan 30th, Happy trading!
Oh the crucial 1370 level that is preventing the yellow metal from going any further up. already tested more than 8 times in the monthly this barrier remains a concrete resistance for the yellow metal rally. Now looking at this, GOLD is most likely set to accelerate towards that crucial resistance again, but will it break it this time and rally northwards? it...
Have a look at the attached link for full analysis of this trade setup
BUYLIMIT ORDER: 1.15000 LEVEL
STOP LOSS: 1.14000 LEVEL
TAKE PROFIT: 1.16000 LEVEL
SHALL THERE BE ANY UPDATES YOU WILL FIND THEM BELOW IN THE COMMENT SECTION