Hey Everyone, Please see our daily chart update, which we have been tracking all month. Once again true perfection alongside our smaller timeframe analysis. After hitting our target at 2089 inline with the channel top, we then stated that we will now either see resistance here for a rejection and test at support on the channel half line or a break above the...
EURUSD will most likely close flat today, a price action which is accurately depicted on the neutral 1D technicals (RSI = 51.556, MACD = 0.003, ADX = 38.804). On a wider horizon, this neutrality is a technical consolidation before the next phase of the bearish wave that started on the December 28th High. This chart shows that the whole 2023 has been a Channel Down...
EURCHF has turned bearish on the 1D time-frame (RSI = 31.608, MACD = -0.007, ADX = 35.082) but reached the bottom of the 1 year Channel Down pattern. Considering that the 1D RSI got oversold last week and rebounded above 30.000 this week, this constitutes a technical buy opportunity. We are aiming for the 1D MA50 (TP = 0.94500). See how our prior idea has...
FOREXCOM:EURUSD EURUSD (H1) RSI diverges negatively Buy now at (1.09117) SL at (1.09016) TP at (1.09373) Note: Capital management 2%
Hello traders ,what do you think about GOLD ? In the 1-hour gold chart, we're observing a downward market momentum. The price is currently below the 50 EMA (Exponential Moving Average), reinforcing a bearish market structure. The price has now approached the 38% resistance level, coinciding with a downward trend line and a resistance zone, suggesting potential for...
During the January 3 session, world gold prices decreased slightly mainly due to the increase in the USD. The latest FOMC meeting minutes show that the Fed will not rush to loosen interest rates, prolonging gold's decline. However, gold's initial increase will be maintained when the US interest rate cut plan is expected to be carried out this year and geopolitical...
Possible USDJPY trade scenario Enter with confirmation on ltf Manage risk if Direct entry on 4hr zone 1:2-3 Rr Indicator based SMC approach Follow and like for more setups Play safe as NFP ahead
GBP/NZD Short • If price pushes up to and ideally just above our area of value, then regardless of how it does so I'll be waiting for a subsequent impulse back down followed by a tight flag and then I'll filter the latter on the fifteen minute chart and be looking to get short with either a risk entry within it if the flag is structured, or a reduced risk entry...
Spot Spot Gold's advance from its mid-December $1,974 per troy ounce low has briefly exceeded the 2020, 2022 and May 2023 highs at $2,070 to $2,082 by rising to $2,088 on Thursday before giving back some of its recent gains and slipping to $2,059 on Friday. Earlier today the precious metal resumed its ascent on increasing geopolitical tensions in the Res Sea and...
The Euro's dance with the US dollar last Thursday painted a curious picture - a spirited attempt to soar, only to stumble in the face of market fatigue, as if gravity suddenly remembered its role in the financial theatrics. This weariness isn't a solo act; it has accomplices. The Euro's recent surge stretched its limits, much like a rubber band pulled too far. And...
Let's talk about the pound and the dollar - they had quite a week! The pound was like a kid on a seesaw, going up and down against the dollar. Sometimes it looked like it was winning, but by the end of the week, it didn't close at the top. There was a holiday break for the markets on December 25, but the GBP/USD pair didn't rest much. There was some action because...
Welcome to 2024 Traders and Tradingview community. So far this week, we have seen plenty of volatility to start the new year. Crypto has seen solid moves, and the USD has been mainly positive into the first week of the year. The JPY has also been seeing movement, but mainly to the downside into 2024. It's the majors that have caught our attention today as we...
Fed officials are uncertain about cutting interest rates in 2024 In the just-released meeting minutes, Fed officials in December concluded that an interest rate cut would occur in 2024, but the timing has not yet been determined. Let's wait for non-farm news tomorrow
OANDA:USDCHF USDCHF (H4) could appear head and shoulders pattern? Note: These are not trading signals!
USD/CAD Short • If price pushes up to and ideally just above our area of value, then regardless of how it does so I'll be waiting for a subsequent impulse back down followed by a tight flag and then I'll filter the latter on the fifteen minute chart and be looking to get short with either a risk entry within it if the flag is structured, or a reduced risk entry...
On the higher time frame, the overall structure is Bullish, narrowing down to lower time frame, we can see our price was trading in an ascending channel and moved out down to it basement. To a support level that was respected. Currently price has moved impulsive and it's in a correction phase in form of a tight flag pattern (an opportunity for a long trade)....
CHFJPY price is in the correction range. The price is now near the resistance zone. 168.665-169.960 If the price cannot break through the 169.960 level, it is expected that there is a chance that the price will reverse down. Consider selling from a correction below the level of 169.479 with targets of 162.39 and 159.14 >>Thank you and GooD Luck 😊 ❤️ Like and...
Price clearly broke trendline. Now it is climbing up to retest it. After rejection of the nearest resistance possible some move down towards 1.2600. Trade carefully!