Monthly is winding up for a big drop or huge jump. Monthly: Weekly: Daily shows price winding up potentially the rest of the year. So I will look towards year end for the fireworks, that will decide if our pent up momentum will release upwards or downwards. My gut says inflation will send it upward in the near future.
The GBP/USD currency pair has shifted from an upward trend to a sharp downward trend, pushing the decline to the crucial level of 1.2600 during Wednesday's US trading session. This is a result of the strength of the US dollar, particularly following the release of inflation data from the United States. On the 4-hour chart, the Relative Strength Index (RSI) has...
The British Pound (GBP) striving to overcome the resistance level at 1.2700 against the US Dollar (USD) is a positive sign for the strength of the UK economy amidst the global business crisis. The price of the GBP/USD currency pair may continue to trade sideways, especially as investors await data on the Consumer Price Index (CPI) of the United States. On the...
In Wednesday's European trading session, we witnessed an expansion of the sideways trend of the EUR/USD currency pair. This occurred as the US Dollar (USD) strengthened its recent losses in response to significant CPI inflation data from the United States. Looking at the 4-hour chart, we observe that the Simple Moving Average (SMA) and the Relative Strength Index...
The DAX daily chart is showing signs of consolidation, but the short-term market participants are constructive. IF the short-term momentum holds, there will be something to work with. This video is intended for the users of Stratos Markets Limited, Stratos Trading Pty. Limited and Stratos Global LLC, (collectively “FXCM Group”). Stratos Markets Limited...
In the European trading session on Tuesday, the price of gold surpassed the $2,360 threshold, marking a new high. However, a price decrease occurred as gold adjusted to $2,350 during the Asian trading session on Wednesday. Based on technical indicators such as the Relative Strength Index (RSI) and Simple Moving Average (SMA), there are still positive signs....
NZD/USD reacted positively as the RBNZ kept rates again at 5.5%, appeared a little more worried about inflation than the last time and said it is necessary to maintain a restrictive stance to reduce price pressures. The move above the EMA200 gives it the opportunity to take out the 38.2% Fibonacci, but does not yet inspire confidence for further gains that would...
📊 Script: NMDC 📊 Sector: Mining & Mineral products 📊 Industry: Mining / Minerals / Metals Key highlights: 💡⚡ 📈 Script is trading near middle band of BB. 📈 Already Crossover in MACD. 📈 Double Moving Averages are giving crossover. 📈 Right now RSI is around 57. 📈 One can go for Swing Trade. ⏱️ C.M.P 📑💰- 224 🟢 Target 🎯🏆 - 243 ⚠️ Stoploss ☠️🚫 - 217 ⚠️ Important:...
The price of gold (XAU/USD) is currently in a stable uptrend on Tuesday during the Asian trading session, fluctuating around $2,350, near its previous high. The Fed's delay in cutting interest rates could potentially increase US bond yields and strengthen the US Dollar, impacting gold price movements. From a technical perspective, the Relative Strength Index...
Hey Rich Friends, I forgot to post the initial idea for this EU Bearish move but I was happy to see the market went in my favor! I analyzed the market around 10:00 AM EST on July 24, 2003, to get my confirmations and set a sell limit at 1.10850. When I am looking for a sale, here are the things I look for with my strategy: 1. Candles are forming below one or...
- Bullish engulfing candle crossed above the 200 EMA. Bullish conditions met. - MOM facing up and above 0. Bullish conditions met. - STOCH facing up and the blue line is above the orange line. Bullish conditions met Buy At Market Execution Or Buy Limit At 0.62100 Or Lower SL: 0.61700 OR LOWER (40 pips or more) TP 1: 0.62500 (40 pips) 1:1RR TP 2: 0.62700 (60...
NZDUSD took a while to make this move but it finally happened! - Structure was broken on the upside confirming the Bullish trend. - Green candles crossed above both EMAs (50 and 200). Bullish conditions met. - MOM facing up and above the 0 line. Bullish conditions met. - STOCH facing up and above 50. Bullish conditions met. TP 1 and TP 2 HIT. TP 3 PENDING
Bearish idea complete! All 3 TPs were hit. 80 pips secured from Sell Limit idea at 0.62150 SL: 0.62550 OR HIGHER (40 pips or more) TP 1: 0.61750 (+40 pips) 1:1RR TP 2: 0.61550 (60 pips) 1:1.5RR TP 3: 0.61350 (80 pips) 1:2RR
Potential SELL AT MARKET EXECUTION OR SELL STOP AT 0.67100 OR HIGHER SL: 0.67500 OR HIGHER (40 pips or more) TP 1: 0.66700 (40 pips) 1:1RR TP 2: 0.66300 (80 pips) 1:2RR - Candles crossing below 200 EMA and the structure has been broken on the downside. Bearish condition met. - MOM facing down. Bearish condition met. - STOCH facing down and below 0. Bearish...
AUDUSD actually did rapidly sell after the rate announcement at 12:30 AM EST. It is already below the 200 EMA and has just broken structure on the downside by crossing below the 50 EMA. - MOM looks like it is on the 0 line but it is actually negative which for me is a bearish confirmation. -STOCH is below 50, facing down and the orange line is above the blue....
I am thinking that NZDUSD will sell. - The candles are below both of the EMAs. Bearish conditions are met. - The MOM is below 0. Bearish conditions are met. - The STOCH is below 50, facing down and the orange line is above the blue line. Bearish conditions are met. Potential trade idea. Sell at Market execution or Sell Limit at 0.61500. SL: 0.62000 (-40...
Looking for sell opportunities because market is bearish on multiple time frames. - candles below both EMAs - MOM facing down but not below yet -STOCH facing down, the orange line is above the blue line but it is not below 50 yet SELL AT MARKET EXECUTION OR SELL LIMIT AT 0.61200 OR HIGHER SL: 0.61600 OR HIGHER (40 pips or more) TP 1: 0.60800 (40 pips) 1:1RR TP...
Looking for EU to buy at Market execution or Buy Stop at 1.10300 if the price continues to rise. - The break of Structure is on the upside. Bullish conditions met. - Candles above both EMAS. Bullish conditions met. - MOM is above 0. Bullish conditions met. - STOCH is facing up, above 50 and the blue line is above the orange line. Bullish conditions met. SL:...