GBP/CAD Long Minimum entry requirements: • Break below area of value. • 1H impulse up above area of value. • If 2 touch 5 min continuation, reduced risk entry on the break of it. • If 2 touch 15 min continuation, 5 min risk entry within it, or reduced risk entry on the break of it. AUD/NZD Short Minimum entry requirements: • If 2 touch 15 min continuation,...
Initially, taking a look at the Monthly-timeframe development, it could be noted that the price is printing huge wick candles, which emphasises the inability to continue pushing in the upside destination. Identifying all crucial key zones and levels of decision, we may point out the importance of the 2.07 key region, the borders of which could be visited in the...
💹 Let's dive into the analysis of this favorite forex pair of mine! We'll update our previous analysis and check our triggers together for the upcoming week. ⏳ Higher Time Frame Analysis: In higher time frames like the weekly, similar to most forex pairs, AUD/CAD is oscillating within a long-term box. We observe the fluctuations and trends more clearly in lower...
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Observing the Monthly-timeframe movement on USD/CAD, it could be inferred that the price has rejected the upper barrier of the rectangular range as mapped on the graph and formulated a new top. From here, in the upcoming long run, we are anticipating for the price to keep declining and, eventually, reach the lower boundary of the channel as indicated on the graph.
Initially, looking at the Weekly-timeframe chart on the left-hand side of the screen, it could be inferred that the price has been unable to break below the major key zone of 1.072 and, ever since, it has been impulsing in the upside destination. Judging by the ongoing build-up, the bullish wave does not show any signs of stoppage and is continuing to move in the...
World gold prices dropped sharply to 2,323 USD/ounce due to the impact of comments on May 28 by Minneapolis Fed President Neel Kashkari about the US Federal Reserve (Fed) not cutting interest rates soon. in this year. However, gold prices suddenly increased sharply again due to witnessing large purchases from investors after the US preliminary announcement of...
The recent short-term uptrend is showing signs of reversing when gold prices have dropped more than 4% from the historic peak of 2,450 USD, set just a few trading sessions ago. This adjustment shows that investor psychology is changing, as buyers tend to take profits and look for investment channels with higher profitability. Tonight, 19:30 Vietnam time, the US...
World gold price (XAU/USD) increased slightly to close at 2,343 USD after the second preliminary estimate of US Q1 GDP growth rate showed stagnation, increasing market expectations for Fed's future rate reduction. Meanwhile, recent negative technical news along with hawkish comments from Fed officials are still weighing on market sentiment. However, many experts...
SUGAR/USD Short Minimum entry requirements: • Tap into area of value. • 1H impulse down below area of value. • If 2 touch 15 min continuation, 5 min risk entry within it, or reduced risk entry on the break of it.
Judging by the Daily-timeframe build-up, we might imply that the price has nicely tapped into the liquidity region laying above the right shoulder of the recently formulated Head&Shoulders pattern, and now we are observing bearish moves in the destination of two zones - the pattern neckline and the 0.888 key level. Upon reaching the pattern neckline (0.9 region),...
On the monthly we are currently witnessing the formation of a descending trangle in preparation for a breakout to the upside if we cross 1.13093 or to the downside if we cross 1.04898. This level has been mitigated back in July 2022 taking all buy side liquidity in the process beofre returning to create the new support level to begin a new wyckoff accumilation...
Gold prices have broken the support level around $2,335, where the rising trendline intersects the 38.2% Fibonacci retracement level of the March-May rally. Combined with higher-than-average trading volume will be a signal for change. Many traders are selling gold and the bearish trend may continue. In the event that XAU/USD plummets below $2,335, the 50-day SMA...
USDCHF is borderline bullish on its 1D technical outlook (RSI = 57.216, MACD = 0.002, ADX = 24.748) but still inside the 2024 Channel Up. As long as the 1D MA50 supports, we will stay bullish along with the trend, especially since the 1D MACD formed another Bullish Cross. Despite the presence of the R1 level, the bullish waves of the Channel Up have been clear and...
SUGAR/USD Short Minimum entry requirements: • Tap into area of value. • 1H impulse down below area of value. • If 2 touch 15 min continuation, 5 min risk entry within it, or reduced risk entry on the break of it.
A look at traders' recent bets shows growing skepticism that the Fed will lower interest rates multiple times in 2024. According to the CME FedWatch Tool, investors predict a 63% chance of a Fed cut. reduce interest rates next November. Gold is traditionally seen as a hedge against inflation, but higher interest rates increase the opportunity cost of holding...
In the short term, spot gold still tends to be more positive than negative. The price level of 2,310 USD/ounce is an important short-term support level this week." The core personal consumption expenditures price index (PCE), the Fed's preferred inflation measure, is expected to be released later this week (May 31). Minutes of the Fed's latest meeting, released...
Intra day play for EUR/USD. Target Levels are 1) 1.08107 2) 1.78286 3) 1.07553 4) 1.07280 Let me know what you guys think. Hope your have a great day and your screens are green. Capital Club Team.