Speculation about when the Bank of Japan will end its negative interest rate policy (NIRP) has been rife, but seen as more likely to come in January than December. Price action in JPY-related FX option markets isn't offering many clues, with increased demand and high volatility risk premiums for both meetings, and also for a speech by BoJ Governor Kazuo Ueda on...
Sell Entry: 2043 Stop: 2050 TP1: 2033 (RR = 1.4) TP2: 2019 (RR = 3.2)
-With increasing buying pressure, the price of gold was able to pass the resistance area (2038) upwards. -Currently, the price has hit the next resistance level, which has also reacted to this area. -My idea for the continuation of the trend is that this resistance zone will prevent the further growth of the gold price and this accumulation of liquidity will...
Hello traders, We are approaching the holiday season and volume tends to drop, sometimes it's better to expect a more "rangy" price action. I wouldn't be surprised if it takes out the last H4 swing high and returns back to the range. Given that, I'm mainly expecting four different scenarios: 1) Price reacts to the current chain supply and pushes down during the...
Sell Entry: 0.66996 (Now) Stop: 0.67510 TP1: 0.65548 (RR = 2.5) TP2: 0.63688 (RR = 5.5)
Buy Entry: 2024 (Now) Stop: 2018.5 TP1: 2031 (RR = 1.5) TP2: 2040 (RR = 3.5)
Gold with selling pressure that happened on Friday. -It has reached its support level which is the price (2012-2017). -By retesting the resistance level (2032-2038) and collecting the available liquidity at this level, the price can start its downward movement from this area to the level of 2013. -If there is more buying pressure, it may grow to collect its next...
G'day, Master Key for zones Red = Three Month Blue = Monthly Purple = weekly Pink = Consolidative box example (Daily) Orange = Daily Risk Warning Trading leveraged products such as Forex, commodities and CFDs, carries with it a high level of risk and so may not be suitable for every investor. Prior to trading the foreign exchange, commodity or CFD market,...
The stock was seen bouncing off an active support/resistance zone of INR4350-4450. This very zone has been an active zone for the stock since Aug.2022, with several attempts made by both buyers and sellers to breach it. The sellers in fact were able to breach this zone in March 2023 but looks like the buyers would not give up even then. After a tough battle of...
Hello traders, Following daily structure, there's a good chance that the H4 goal was completed and price is now ready to continue lower. - After the huge FOMC reaction it's easy to get caught up into looking for a continuation opportunity but if we zoom out, it's possible to see a clear bearish scenario forming. - Price is respecting daily and H4 supply...
When a pattern like head and shoulder fails it goes the other way AKA classic charting overall market sentiment is also bullish this can go very high easily DYOR!
Hi Friends Another analysis on gold. So pretty much as always I have multiple areas for sell and buy. Starting with 1970 level which is a demand to be tested and below it 1965 . But our immediate demand level is around 1977 which can be tested. Currently price is at 1983 which there seems to be a bearish divergence on the footprint chart leading to a fall. In...
I expect EURUSD to respect the demand zone and go for a short-term pull back
as shown on the chart NASDAQ:AMD reached to a fair price to enter right now and I think it is going to reverse up soon ,so i am buying AMD now now at 108.9 and my target in mid term is 125 and the final target at 156 . What do you think? Please, comment on what's you opinion
Hi Guys, In today analysis we have multiple levels of demand and supply. Some new and some already tested. Couple hours ago market touched 2036 supply level and it was followed by huge move down, currently being at 2022. So price could test same 2036 level for second time should go up and if move up continues above 2040, 2048 would be a level which I look to...
GBPCAD is at extreme supply zone, took out 1.72465 and liquidate 1.70845 i expect GBPCAD to drop on 1.70092 - 1.69562 demand zone
USDCHF bounce from weekly demand zone and create a potential 4H imbalance, a possible short term Buy into the supply zone 0.88749 - 0.88204
Gold's price rose back to it's all time high value last Friday December 1st, then broke the ceiling on December 4th, at the Asia markets and week's opening. In a flashing escalade that lasted less than one hour, rocketing 77 dollars up from 2070, the price claimed a new ATH price at 2147 US dollars per pound . The correction followed since. We are looking...