Gbpusd another buy setup read the caption This was not a great call as the price rose strongly over the course of the day. However, the price quickly fell back to where it had been and has been consolidating below $1.2653 ever since.
The picture looks bearish if the price remains below $1.2656 and looks likely to fall further – the price action look
Forextrader
Gold get ready to above 2300 read the caption Gold price trades higher, near all-time highs around $2,260. The precious metal strengthened after breaking above the prior lifetime high of $2,223 on March 21. More upside in the Gold price is possible as it is trading in an unchartered territory. All short-to-long term Exponential Moving Averages (EMAs) are sloping higher, suggesting strong near-term demand.
The 14-period Relative Strength Index (RSI) hovers near 78.00, indicating a strong upside momentum. However
EURUSD done the sell cleatln to only buy read the caption The EUR/USD pair retreated ahead of crucial statements by key Federal Reserve officials. Michele Bowman, the head of the Kansas Fed, John Williams of New York, Loretta Mester of Cleveland, and Mary Daly of San Francisco,
These will be important statements since they will come a day after the US published strong manufacturing data. According to the ISM, the country’s manufacturing PMI rose above 100 for the first time since 2022
AUDUSD STILL WANT TO MORE EXPENSIVE BULL ONLY READ THE CAPTION The 200-day moving average (blue line) at 0.6535 is a notable resistance point for now. Keep below and sellers will continue to stay poised in testing the 0.6520 level again. There is some added downside support around 0.6485-82 and that is preventing a steeper fall in the pair for now. But a break below that sets up a retest of the February low of 0.6441 next.
Those are the technical parameters in play as we look towards the days ahead
XAUUSD open with gap make above 2350 read the caption While bullion’s technical profile continues to be bullish, with a clear pattern of higher highs and higher lows, caution is advised, with the 10-week RSI indicator signaling possible overbought conditions. When markets become overextended in a short period of time, corrective pullbacks often follow, even if they turn out to be temporary or relatively minor.
In the event of a bearish shift, support can be identified at $2,145, followed by $2,070, as displayed in the weekly chart attached. Bulls will need to vigorously defend this technical floor; failure to do so may result in a retracement towards the 200-day simple moving average near $1,985. Further down
Gbpjpy swing trade what next ? Read the caption A push below 191.00 could pave the way for a deeper pullback. The next support would be the Kijun Sen at 190.71, followed by the March 25 wing low of 190.32. A breach of the latter would expose the next support level at 190.02
On the other hand, if GBP/JPY stays afloat and rallies above the Tenkan-Sen, that would open the door to challenge 192.01. Further gains are seen above that level, with the 193.00 mark, followed by the current year-to-date (YTD) high of 193.54
Xauusd ready to above 2250 read the caption The Fed signaled they want to be cutting rates and there’s a geopolitical risk concern that continues t markets around these wars, both in Ukraine and in the Middle East, which is gold supportive,” Ilya Spivak, head of global macro at Tastylive said.
“Gold prices are in a rangebound trade for most time this month and a break above current resistance level around $2,223 per ounce could see prices heading towards the $2290 mark
Gbpjpy dip like raining here a opportunity read the caption On the daily chart, we can see that GBPJPY got rejected by the upper bound of the rising channel and extended the drop as the BoE made another step towards rate cuts with the hawkish members changing their vote from a hike to a hold. From a risk management perspective, the buyers will have a much better risk to reward setup around the lower
Usdchf clean to see a big sell big dip read the caption Intraday bias in USD/CHF remains on the upside at this point. Current rally from 0.8332 should target 100% projection projection of 0.8550 to 0.8884 from 0.8728 at 0.9062. Firm break there will target 0.9243 key medium term resistance next. On the downside, below 0.8963 minor support will turn intraday bias neutral and bring consolidations first. But outlook will stay bullish
lower interest rate will boost the gold read the caption “The next move probably hinges on this week’s PCE Index release. Evidence of further disinflation in the U.S., which would ease fears of prices accelerating or at least re-anchoring at a higher level, would be very bullish for gold.”
Gold prices hit a record high last week after Fed policymakers indicated they still expected to reduce interest by three-quarters of a percentage point
Usdjpy do anything but downfall read the caption On the 4 hour chart, we can see that the price recently broke out of the trendline that was defining the uptrend since the 146.50 level. We can also notice that we had a double top at the resistance level, but the price will need to break below the neckline at 150.36 to confirm it. This recent breakout should point to at least a pullback into the neckline, but the consolidation skewed the picture,
Gbpusd dropping and dipping only option read the caption Intraday bias in GBP/USD stays neutral, as consolidations from 1.2574 continues. Risk will stay on the downside as long as 55 4H EMA (now at 1.6901) holds. Below 1.2574 will resume the fall from 1.2891 to 1.2516 structural support first. Decisive break there will suggest that rise from 1.2032 has completed at 1.2891 already, and turn near term outlook bearish.
eurusd analysis show us big bullish read the caption The best approach I can see working here today would be to look for a long scalp from a bounce off the support at $1.0831 or a short scalp from a bounce off the resistance at $1.0854
In the unlikely even that the price reaches $1.0921 today, that could be a great entry point for a short swing trade if we start to see a bearish reversal from that level
Audusd crash soon to hit new low level read the caption The AUD/USD pair bounced off last Friday’s lows and is climbing but faces a key resistance level at 0.6551, the confluence of the 50 and 200-day moving averages (DMA). Further upside is seen once breached. The next supply zone would be the 100-DMA at 0.6588, ahead of 0.6610. On the other hand, sellers' failure at 0.6560 would sponsor a leg-down
Gold will hit another peak level read the caption As the gold market is expected to consolidate around its recent record highs, investors are finding value in other areas of the precious metals market as it could be silver’s turn to run, according to some analysts.
While relatively calm; however, there are some signs investors are finally paying attention to the market as the gold/silver ratio looks to end the week at its lowest point so far this year. The ratio is currently trading around 85.50 points., down sharply from the 89 points seen at the start of the week
AUD/JPY Short, EUR/JPY Short and CAD/JPY ShortAUD/JPY Short
Minimum entry requirements:
• If 3 touch 1H continuation or 2 touch 1H continuation with 3 touch structural approach, 15 min risk entry within it.
EUR/JPY Short
Minimum entry requirements:
• If 3 touch 1H continuation or 2 touch 1H continuation with 3 touch structural approach, 15 min risk entry within it.
CAD/JPY Short
Minimum entry requirements:
• If 3 touch 1H continuation or 2 touch 1H continuation with 3 touch structural approach, 15 min risk entry within it.
CAD/JPY Short and NZD/JPY ShortCAD/JPY Short
Minimum entry requirements:
• 1H impulse down below most recent low.
• If 3 touch 15 min continuation, 5 min risk entry within it, or reduced risk entry on the break of it.
NZD/JPY Short
Minimum entry requirements:
• If 3 touch 1H continuation or 2 touch 1H continuation with 3 touch structural approach, 15 min risk entry within it.
Gbpusd do any thing to go sell read the caption The GBPUSD has completed its down and up "lap" that saw the pair move from an Asian session high at 1.273052 to a low in the European session at 1.2677 (and briefly below the 200 bar MA on the 4-hour chart at 1.2673), and then back up to a US session high at 1.2733 The current price is trading at 1.27206
That the new session high, the price did extend above the 100-bar moving average on a 4.-hour chart currently at 1.27285. So like at session lows, the price will move the 4-hour moving average by a few pips only to fail
Usdchf clear show us to big sell read the caption Sellers in the USDCHF tried to extend it to the downside in the early New York session, but were thwarted by swing area support between 0.88187 and 0.88241. The low price reached 0.88225 before bouncing back to the upside.
That move higher has now taken out the prior high for the day at 0.8854 and now looks toward the high price from last week and Friday trade at 0.88523 as the next target to get to and through to give the buyers more confidence
Euro wants to cross gbp keep go with buy read the caption The EURUSD coming into the US session had bounced near the 200-day MA and the 50% midpoint and looked toward the 100-day MA at 1.08548
The price did break above that 100-day MA, and in doing so, moved up to test the next target at 1.08655. That level is home to swing levels going back to February (see red numbered circle on the chart below). Sellers leaned and pushed back to the 100-day MA
Usdjpy selling pressure read the caption USDJPY is churning chart paper just above the 149.01 handle as investors gear up for a central-bank-heavy week. The Bank of Japan (BoJ) is expected to deliver an update on its negative interest rate regime early in the Tuesday market session after Japan’s spring wage negotiations showed the highest wage increases in over three decades. The Federal Reserve (Fed) also expected this week and will drop its latest Dot Plot summary of interest rate projections on Wednesday