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USOILSPOT Weekly Analysis: New Perspective and Follow-Up DetailsGet ready for an exciting dive into the world of oil markets! As we kick off the bullish messaging from Saudi Arabia and other oil producers, we have an important event on the horizon. The July 5-6 seminar will bring together oil industry CEOs and energy ministers from OPEC - the Organization of the Petroleum Exporting Countries. OPEC+, which includes Saudi Arabia and Russia among its allies, holds the reins of over 40% of the world's oil supply. The bull thesis for oil in the second half gains strength as expectations rise of significant production cuts by major player Saudi Arabia. The goal? To push Brent prices above $80 per barrel and U.S. West Texas Intermediate to a minimum of $75. Saudi Arabia, at the forefront of OPEC+, has already announced three production cuts since October, theoretically eliminating 2.5 million barrels per day from their output. As a result, their production in July is expected to hover around 9 million barrels per day. However, despite these announcements, crude prices have experienced only fleeting rallies. Rate hikes by the Federal Reserve and other central banks have emerged as major factors, causing concerns over a global economic slowdown that could impact energy demand. Now, the crucial question arises: Will the bullish sentiment prevail as global travel rates are projected to surge in July and August? This surge could potentially lead to a critical shortage of crude oil for U.S. refineries, especially considering the intentional reduction in oil supply from the Saudis to this particular destination. Furthermore, unless extended, the weekly sales of crude from the Strategic Petroleum Reserve will come to a halt, removing one of the tools employed by the Biden administration to keep prices in check. In this video, I present a comprehensive technical analysis of USOILSPOT, focusing on key supply and demand zones within the Daily, 4-hour, and 1-hour timeframes. By closely examining these indicators, our goal is to provide valuable insights into the potential direction of price action for USOILSPOT in the upcoming week. Don't miss out on this invaluable technical analysis that will enhance your understanding of the future trajectory of USOILSPOT. Stay one step ahead of the curve by watching the video now! Disclaimer Notice: Please be aware that margin trading in the foreign exchange market, including commodity trading, CFDs, stocks, and other instruments, carries a high level of risk and may not be suitable for all investors. The content of this speculative material, including all data, is provided by me for educational purposes only and to assist in making independent investment decisions. All information presented here is for reference purposes only, and I do not assume any responsibility for its accuracy. It is important that you carefully evaluate your investment experience, financial situation, investment objectives, and risk tolerance level. Before making any investment, it is advisable to consult with your independent financial advisor to assess the suitability of your circumstances. Please note that I cannot guarantee the accuracy of the information provided, and I am not liable for any loss or damage that may directly or indirectly result from the content or the receipt of any instructions or notifications associated with it. Remember that past performance is not necessarily indicative of future results. Keep this in mind while considering any investment opportunities.
FX:USOILSPOT
by darcsherry
1
USDJPY Forecast: Insights for the New Week & Follow-Up AnalysisThe USDJPY has experienced a depreciation of over 9% against the yen in the current year. Last Friday, the Japanese currency hit a low of 145.07 per dollar in early Asia trade, the lowest it had been in over seven months. However, it stabilized at 144.30 later on Friday following statements from Finance Minister Shunichi Suzuki. Suzuki emphasized that Japan would take appropriate measures if the yen weakened excessively, cautioning against investors selling the currency too aggressively. This level, 145 to the dollar, has historically made speculators wary of potential intervention by Japanese authorities, as demonstrated last September when authorities intervened in the markets to support the currency for the first time in 24 years. Meanwhile, the Federal Reserve (Fed) has been closely monitoring various economic aspects such as the labor market and energy-induced inflation as it prepares for its meeting on July 26 to decide on interest rates. The Fed's decision-making process is influenced by two crucial data points in the U.S.: the first quarter GDP and the Personal Consumption Expenditures Index. These indicators will help determine whether the central bank will proceed with rate hikes in the coming weeks or maintain the current pause in monetary tightening, which was decided on June 14. According to the Commerce Department, the U.S. GDP grew at an annualized rate of 2% in the first quarter of this year, providing some relief to the Fed and indicating that previous rate hikes did not significantly impede economic growth. However, inflation remains a concern, with a slowdown in the overall trend but still at relatively high levels. Next Friday, the US will release the June official employment report. The market consensus is for an increase of 200K in payrolls. Considering these factors, market expectations lean towards the Fed raising lending rates by another quarter percentage point on July 26, reaching a peak of 5.25%. USDJPY Technical Analysis (Price Action): This video provides an extensive analysis of the current market structure. The focus is on the key level of 145.000, which played a crucial role in the Bank of Japan's intervention last September. With price action returning to this zone, it becomes a point of concern, acting as either key support or resistance depending on how market participants react in the upcoming week. The video explores potential trading opportunities in this area using trendlines and key levels, highlighting the significance of the 144.200 level as a recent support line, particularly observed on Friday. The market's response to the range between 144.200 and 145.000 at the beginning of the new week will greatly influence the direction of price action in the upcoming week. Stay connected to my channel, follow my updates, and actively engage in the comment section to stay informed about further technical developments in the USDJPY market. I wish you the best of luck as you navigate the USDJPY market this week. Disclaimer: Trading on margin in the foreign exchange market (including commodities, CFDs, stocks, etc.) carries a high level of risk and may not be suitable for all investors. The content of this speculation (including all data) is provided by me for educational and informational purposes only to assist in making independent investment decisions. All information presented here is for reference purposes only, and I do not accept any responsibility for its accuracy. It is important that you carefully consider your investment experience, financial situation, investment objectives, and risk tolerance level, and seek advice from an independent financial advisor to assess the suitability of your situation before making any investment. I do not guarantee the accuracy of the information provided and shall not be held liable for any loss or damage that may arise directly or indirectly from the content or the receipt of any instructions or notifications related to it. Please note that past performance is not necessarily indicative of future results.
by darcsherry
1
XAUUSD | Price Action | New perspective | follow-up detailsA panel discussion took place in Sinatra on Wednesday, hosted by the European Central Bank and attended by the heads of the Federal Reserve, Bank of England, and Bank of Japan. The discussion revealed that nearly all participants agreed on the need for higher interest rates to curb higher-than-expected inflation. Following the panel discussion, Fed Chair Powell addressed a banking event in Madrid on Thursday, where he mentioned that the U.S. central bank was actively seeking the appropriate level of rates to control economic activity and inflation without causing unnecessary weakness. The Fed has been closely monitoring various aspects of the economy, including the labor market and energy-induced inflation, among others, in preparation for its July 26 meeting to decide on interest rates. Two important data points in the U.S. are influencing the Fed's decision-making process: First quarter GDP and the Personal Consumption Expenditures Index. These indicators will play a role in determining whether the central bank will proceed with rate hikes over the next few weeks or maintain the current pause in monetary tightening, which was decided on June 14. According to the Commerce Department, U.S. GDP grew by an annualized rate of 2% in the first quarter of this year. This revelation is likely to provide some relief to the Fed, indicating that its previous rate hikes did not overly impede economic growth. However, inflation remains a concern, with the overall trend showing a slowdown but still at relatively high levels. Based on these factors, expectations are that the Fed will raise lending rates by another quarter percentage point on July 26, bringing them to a peak of 5.25%. In the gold market, prices experienced a gain of approximately 5% in both futures trading and the spot price of bullion during the first half of the year. However, concerns over additional rate hikes by the Federal Reserve have caused some uncertainty, leading to a weakening of gold's support at the $1,900 level as price action remains within correction territory. Weekly price action suggests a correction may be underway or has culminated, as seen on the daily time frame in the video, with prices reaching $1,893 during the week despite a rebound on Friday to bring it back to $1,900. In the video, a comprehensive price action-based technical analysis of the XAUUSD market was conducted. The analysis considered both bullish and bearish sentiments, as well as accumulation and distribution patterns. Valuable insights into potential buyer and seller behavior were gained by examining past price patterns, market behavior, recurring trends, and significant support and resistance levels. Given the information gathered from this technical perspective, particular emphasis was placed on the key level at $1,900, which will play a crucial role in determining the direction of price action in the upcoming week. The reactions observed within this zone on Monday will provide valuable indicators, especially during the first half of the week. Prepare yourself to capitalize on the opportunities that lie ahead! Stay tuned for updates that will assist in making informed trading decisions throughout the week. Disclaimer Notice: Please be aware that margin trading in the foreign exchange market, including commodity trading, CFDs, stocks, and other instruments, carries a high level of risk and may not be suitable for all investors. The content of this speculative material, including all data, is provided by me for educational purposes only and to assist in making independent investment decisions. All information presented here is for reference purposes only, and I do not assume any responsibility for its accuracy. It is important that you carefully evaluate your investment experience, financial situation, investment objectives, and risk tolerance level. Before making any investment, it is advisable to consult with your independent financial advisor to assess the suitability of your circumstances. Please note that I cannot guarantee the accuracy of the information provided, and I am not liable for any loss or damage that may directly or indirectly result from the content or the receipt of any instructions or notifications associated with it. Remember that past performance is not necessarily indicative of future results. Keep this in mind while considering any investment opportunities.
PEPPERSTONE:XAUUSD
by darcsherry
1
USDJPY | Perspective for the new week | follow-up detailsFollwing the Bank of Japan’s policy meeting on Friday, the US Dollar moved a significant 1.74% against the Japanese Yen to settle above the 135.000 for the first time in six weeks. The risk-averse market atmosphere helped the Greenback find demand as a safe haven while hawkish Federal Reserve (Fed) bets provide an additional boost to the currency. The coming week is laced with a handful of high impact macroeconomic event hence the need to consider different factors before making an informed decision. In this video, we dissected the current market structure form a technical stanpoint to figure out how to position ourselves ahead of the new week. Disclaimer: Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility. You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment. I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith. Past performance is not necessarily indicative of future results.
by darcsherry
USDJPY | Perspective for the new week | follow-up detailsThe Yen rose 0.3%, as Japan's core consumer price index inflation remained steady in March from the prior month, at 3.1% hereby confirming that inflation still remained above the BOJ’s 2% annual target and with a series of high-impact macroeconomic events from the Japanese docket in the coming week, we could have some prominent price movement ahead and post the events. Events unfolding from the US docket, especially from Fed officials; insinuates that US interest rates will likely rise further even as economic activity cools. This video illustrates the technicality surrounding price action in the last couple of weeks for an insight into the possibilities of both buyers and sellers in this market in the coming week(s). Disclaimer: Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility. You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment. I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith. Past performance is not necessarily indicative of future results.
by darcsherry
2
XAUUSD | New perspective | follow-up detailsThe majority is in a dilemma of whether or not the US central bank is ready to pause on rate hikes. An insight could shape the narrative in the Gold markets, as inflation and recession prospects counteract the demand for the yellow metal. On Friday, we witnessed the mini-crash in prices of gold which was a result of the Federal Reserve Governor Christopher Waller's comment on more monetary tightening despite evidence of a steady drop in inflation figures. Higher interest rates tend to benefit the dollar and weigh on gold. Going in to the new week, is the Gold on track to a new record peak? This video, illustrates a detail technical explanation on what we shall be looking out for in the coming week. Disclaimer: Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility. You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment. I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith. Past performance is not necessarily indicative of future results.
FOREXCOM:XAUUSD
by darcsherry
XAUUSD | New perspective | follow-up detailsThe personal consumption expenditures (PCE) price index witnessed its biggest increase in six months bringing the index to 5.4% for the last year - a whopping 0.6% increase. As the Federal Reserve gears to ratchet up rate hikes again amidst fear of inflation, Gold appears to be consumed by the same inflation that it is supposed to be a hedge against. With prices currently trading within the $1,820 and $1,800 zone, it is worth noting that Gold still has a potential for bullish expectations, but the current bearish momentum could edge stronger if we see a break of the $1,800 level in the nearest future. In this video, we looked at the current market from a technical standpoint and identified structures to use as a yardstick for trading opportunities in the coming week(s). 00:48 Reference to last week's daily commentaries and results 03:50 XAUUSD Technical analysis on Daily chart 07:27 Macroeconomic events to look out for the week 09:35 XAUUSD Technical analysis on 4H Timeframe 10:50 Conclusion on next week's expectation on XAUUSD Disclaimer: Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility. You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment. I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith. Past performance is not necessarily indicative of future results.
FOREXCOM:XAUUSD
by darcsherry
6
GBPUSD | Perspective for the new week | Follow-upDespite the rebound in UK consumer confidence in February and the GfK’s consumer confidence indicator jumping seven points to -38 (a 10-month high), the Pound Sterling relinquished its previous gain to close the week above a strong demand zone at the $1.19000 zone. Supported by strong economic data, the demand for the Greenback has virtually increased in the last couple of weeks to send a bullish statement going into the new week. Will the Pound find support this week or will the continued selling pressure breach the $1.19 level to incite a sell-off? We shall rely on key economic data this week for liquidity and insights on potential trading opportunities. This video illustrates from a technical perspective what we are looking out for in the coming week(s). 00:48 Reference to last week's daily commentaries and results 03:20 GBPUSD Technical analysis on Daily chart 08:35 Macroeconomic events to look out for the week 10:25 GBPUSD Technical analysis on 4H Timeframe 11:25 Conclusion on next week's expectation on GBPUSD Disclaimer: Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility. You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment. I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith. Past performance is not necessarily indicative of future results.
by darcsherry
1
USOil | New perspective for the week | Follow-up detailDespite starting the week on a bullish note, fresh new anxieties over inflation and rate hikes rippled across the market and this development resulted in participants dumping their long positions on the US Oil. With continued selling pressure below the key level at $80.00 level, buying opportunity might likely be on hold in the coming week until there are clear signs that support positive feedback from Chinese import data following the lifting of its COVID restrictions. In this video, we looked at the market structure from a technical standpoint and indications suggest continued selling pressure as long as the price remains below the $80 level. 00:50 Reference to last week's daily commentaries and results 05:25 USOil Technical analysis on Daily chart 10:20 USOil Technical analysis on 4H Timeframe against next week 11:35 Conclusion on next week's expectation for the USOil Disclaimer: Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility. You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment. I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith. Past performance is not necessarily indicative of future results.
FX:USOILSPOT
by darcsherry
1
GBPUSD | Perspective for the new week | Follow-upThe US Dollar negated the bullish attempt at the beginning of the week and moved over 300pips its favor after positive consumer price index data on Tuesday. Though it edged lower during the latter part of last week's trading session hereby handing back some of the previous session’s gains after better-than-expected U.S. retail sales pointed to more interest rate hikes by the Federal Reserve to close the week at 1.20500. From a technical standpoint, the inability of the bears to break down the strong demand zone at the 1.19500 level questions the strength of the existing bearish momentum. 00:30 Reference to last week's daily commentaries and results 03:15 GBPUSD Technical analysis on Daily chart 08:20 Highlight of Macroeconomic event for the week 09:55 GBPUSD Technical analysis on 4H Timeframe 12:25 Conclusion on next week's expectation for GBPUSD Disclaimer: Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility. You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment. I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith. Past performance is not necessarily indicative of future results.
Long
by darcsherry
2
XAUUSD | New perspective | follow-up detailsAfter scooping a 7,000 pips profit from our previous analysis (see link below for reference purposes); the yellow metal posted its third weekly loss as price action drops into the $1,800 zone (where it started the year) clinging to a "strong support" where buying pressure was observed on Friday. With price action stuck at the mid-$1,800 level, Participants will be faced with the dilemma of discerning possible direction amid calls by Federal Reserve officials for sharper rate hikes. This video illustrates from a technical standpoint what we shall be looking out for in the coming week. 00:49 Reference to last week's daily commentaries and results 05:20 XAUUSD Technical analysis on Daily chart 10:30 Macroeconomic events to look out for the week 11:35 XAUUSD Technical analysis on 4H Timeframe 12:04 Conclusion on next week's expectation on XAUUSD Disclaimer: Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility. You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment. I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith. Past performance is not necessarily indicative of future results.
FOREXCOM:XAUUSD
by darcsherry
2
USDJPY | Perspective for the new week | follow-up detailsAt 64.9, the Michigan consumer sentiment index for February hits its highest level in eight months as falling energy prices eased fears about inflation. This is a positive signal as it is a widely-known gauge of personal consumer confidence in the US economic activity. From a technical standpoint, the significant breakout of the supply zone at the 131.000 area last week was an emphatic bullish signal buttressing the idea that sellers might have lost the momentum; but following the retest of structure, price action was caught within a consolidation phase above the key level (131.000) to emphasize the level of indecision in this market. In this video, we looked at the possibilities and trading options we have from the current market structure as we look out for breakouts either way in the coming week for trading opportunities. Disclaimer: Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility. You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment. I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith. Past performance is not necessarily indicative of future results.
Long
by darcsherry
2
USOil | New perspective for the week | Follow-up detailLast week's trading session saw Oil prices jump as Russia respond to the G7’s price caps by announcing production cuts by 500,000 bpd (accounting for 5% of its output in March) and its own minimum price structure. We were opportune to be part of the bullish momentum (see link below for reference purposes) which later capped at the key level at the $80.00 mark at end of the week. In this video, we looked at the current market structure from a technical standpoint where the $80 zone will be our center of focus at the beginning of the new week. 00:30 Reference to last week's daily commentaries and results 02:52 USOil Technical analysis on Daily chart 07:04 USOil Technical analysis on 4H Timeframe against next week 08:00 Conclusion on next week's expectation for the USOil Disclaimer: Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility. You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment. I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith. Past performance is not necessarily indicative of future results.
FX:USOILSPOT
by darcsherry
USOil | New perspective for the week | Follow-up detailThis is a follow-up video to my previous analysis on the US Oil commodity as we close the previous week on a profitable note with over 300pips in profit (see link below for reference purposes). China being the world's number one importer of crude oil - the start of the Chinese New Year holiday will be closely watched to see if travel activities will be as robust as expected. As trading activities continue around the $80 zone and the long-term bearish trend line identified on the daily timeframe, from a technical standpoint, there is a high chance that price action might continue to find higher highs in the coming week(s). So the $80 - $82 zone shall be serving as a yardstick for a trading activity for this week. Disclaimer: Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility. You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment. I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith. Past performance is not necessarily indicative of future results.
FX:USOILSPOT
by darcsherry
GBPUSD | Perspective for the new week | Follow-upA follow-up video to the previous analysis on the GBPUSD where we scooped over 400 pips profit (see link below for reference purposes). The US dollar continues to plunge since the beginning of the year as fear of recession mounts. To further mount pressure on the Greenback is the data from the U.S. retail sales which fell by the most in a year in December and manufacturing output recorded its biggest drop in nearly two years, stoking fears that the world's largest economy is headed for a recession. In this regard, this video shed a technical light on the current market structure where the identification of flat channel around the 1.24000 and 1.23350 will serve as a yardstick for trading activities for the new week. Disclaimer: Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility. You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment. I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith. Past performance is not necessarily indicative of future results.
Long
by darcsherry
6
XAUUSD | New perspective | follow-up detailsGold seems firm on its resolve to hold to a $1,800 price despite some sideways movement after a 4,000pips move to the downside at the beginning of last week's trading. Price is currently back at the critical level around the $1,800 area sending mixed signals across the market and from a technical standpoint, the tendency of both a bullish and bearish expectation for the coming week makes options very open. Now, the consensus is that the Fed is expected to raise rates by 50 basis points next Wednesday which would mark a slower pace of rate increases, and technically it is important that we use the current technical structure to position ourselves in such a way that we catch the move at its inception. Disclaimer: Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility. You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment. I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith. Past performance is not necessarily indicative of future results.
FOREXCOM:XAUUSD
by darcsherry
1
USDJPY | Perspective for the new week | follow-up detailsThe U.S. dollar continue waning as it edged lower during the course of last week's trading and following the positive NFP on Friday, there was a stall as we started witnessing a consolidation phase around the key level at 135.000. In this video, we looked at the charts from a technical standpoint where we shall remain patient to see what price action will transition into for signals and confirmations. Disclaimer: Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks, etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility. You are hereby advised to carefully consider your investment experience, financial situation, investment objective, and risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment. I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith. Past performance is not necessarily indicative of future results.
by darcsherry
2
USDJPY | Perspective for the new week | follow-up detailsThe U.S. dollar edged lower to post a weekly loss on dovish projection from the Federal Reserve. From a technical standpoint, it is worth noting that the price has been caught within a support and resistance (142.500 and 138.000) in the last two weeks to emphasize the indecision in the market. The coming week is laced with major market-moving economic releases, both from the US and Japan; the fundamental backdrop from these events will be anticipated by participants in this market as the price remains within the identified channel which also shares a confluence with the bullish trendline on the daily timeframe hence warrants some detailed understanding of the current structure before positioning ourselves for any trading opportunity. Disclaimer: Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks, etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility. You are hereby advised to carefully consider your investment experience, financial situation, investment objective, and risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment. I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith. Past performance is not necessarily indicative of future results.
by darcsherry
2
EURUSD | Perspective for the new week | Follow-up detailsThis is a follow-up detail to my previous analysis where we close the week on a profitable note (see the link below for reference purposes). The US CPI weighs on the US Dollar as the EURUSD surged with about a 4% gain to close the week on a bullish tone; However, in addition to the high-priority event coming up in the new week (stated in the video), it is worth noting that price is at a critical zone (around the $1.03750 area) as it edge towards the major bearish trend line that has been guiding bearish momentum in the last 18 months. Are we going to be seeing a breakout of this trendline or is there going to be selling pressure below this trendline to incite another crash? Stay tuned in as we navigate this together in the new week. Risk Disclaimer: Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility. You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment. I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith. Past performance is not necessarily indicative of future results.
by darcsherry
2
EURUSD | Perspective for the new weekThe last 3 - 4 weeks have seen prices continue to climb hereby finding uniform higher highs and higher lows which culminated at the breakout of the $1.0000 area during the course of last week's trading session. Will the breakout of the key level at the $1.0000 mark be a true or false one? As we look forward to a variety of high-impact events for the week, we will likely see structures anticipating this event at the beginning of the week, hence the need to prepare ourselves for significant signals. In this video, I have explained in detail what my expectations are and if there happens to be a contrary perspective at the beginning of the week, there will be an update in this regard in the comment section on my tradingview platform. Risk Disclaimer: Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility. You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment. I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith. Past performance is not necessarily indicative of future results.
Long
by darcsherry
USDJPY | Perspective for the new weekFollowing the buying pressure at the 147.000 zone, the greenback rallied during the latter part of last week's trading session to insinuate a potential bullish expectation in the coming week(s). The dovish rhetoric of the BoJ’s monetary policy appears to have caused a plunge which makes it uncertain to jump to any major conclusion at this juncture. However, it is worth noting that next week is laced with a series of high-impact events that participants in this market will be looking forward to in other to make an informed decision to either buy or sell. Risk Disclaimer: Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility. You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment. I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith. Past performance is not necessarily indicative of future results.
by darcsherry
4
XAUUSD | Perspective for the new week | Follow-up detailsAll attempts to upload a video on the XAUUSD failed as it keeps prompting network issues. So for the XAUUSD video kindly visit my youtub channel for details. Please note that I will be dropping updates on this analysis in the comment section of this broadcast in the new week. Cheers! This is a follow-up video to my previous analysis where we closed the week with a profit of over 5,000 pips ( see daily commentaries in the link below for reference purposes). Gold has witnessed its worst-performing week in recent times as US Yield hit a 14-year high to close around the $1,640 zone. As we head into the new week, we are not sure if a trend continuation to the downside will be happening since there are no high-priority events that will be serving as a catalyst for price movement this week. Disclaimer: Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility. You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment. I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith. Past performance is not necessarily indicative of future results.
OANDA:XAUUSD
by darcsherry
7
EURUSD | Perspective for the new week | Follow-up detailsLooking at this pair from a long-term perspective, it is easy to say that the sellers are very strong but we can not give up on the bullish potential opportunity that might be evolving after witnessing the multiple rejections of the $0.99 area in the last 3 weeks to project a certain level of strength from the bulls to resist selling pressure from this zone. So, this video illustrates in detail how I intend to trade this pair in the coming week. Risk Disclaimer: Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility. You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment. I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith. Past performance is not necessarily indicative of future results.
Long
by darcsherry
1