Market Analysis PT2/2 (9th May 2024) EURUSD Analysis On the 4 hour Timeframe, price is approaching a structural high created on the 7th of May. During london, I will be actively looking for price to sweep the structural high before a short term down trend into the Bullish 4 hour FVG. Once price does tap into the 4 hour FVG, I will be looking for a 15 minute...
Gold met our expectations, dipping to 2300 and bottoming out at 2293, favoring short positions. Today, we capitalized on the trend, shorting near 2323, hitting our profit target successfully. Congratulations on another winning trade! Currently hovering around 2296, gold bounced back from 2293 after its initial dip. While many may be tempted to continue shorting...
Short Term Trading Advice by Naranj Capital Buy Valero Energy ● Buy Range- 168 - 172 ● Target- 180 - 183 ● StopLoss- 164 ● Potential Return- 5-6% ● Duration- 12-14 Trading Days
Pair : Germany 30 Description : Bullish Channel as an Corrective Pattern in Short Time Frame and Rejection from Upper Trend Line Higher Highs - Higher Lows Break of Structure RSI - Divergence
The recent weakness in the yen, which comes despite the Bank of Japan's first interest rate hike in 17 years, has prompted warnings about possible Japanese government intervention. The warnings, especially comments from Japan's top currency diplomat Masato Kanda, helped stabilize the yen. For now, the focus is on upcoming consumer inflation data from Tokyo, due...
Pair : Germany30 Index Description : Bullish Channel as an Corrective Pattern in Short Time Frame and Rejection from Lower Trend Line Completed " 123 " Impulsive Waves Break of Structure Fibonacci Level - 261.8%
Price in 5 mins shows unreasonable price & volume formed. Despite high volume traded intraday, but the stock price stays within the range. This could mean the "Jedi" are holding the price up while churning volume to looks good to the public. From our analysis, we find these price movement a price peak & a possible short term retrace is building up. Which going...
Shiba Inu token has been grabbing momentum as of late. On the 1W and 1D charts, a distinct W is beginning to form with us being a little above the second trough at the time of this idea. I drew a crude Fibonacci retracement -- it is crude because I am not 100% that I am using the retracement tool accurately BUT there are three fibonacci retracement levels that...
Most Asian currencies rose slightly on Tuesday, easing some of the dollar's slight decline before a key inflation gauge is set to give more signals on US interest rates in this week. However, gains in the region's currencies remained limited, with most currencies remaining within trading ranges established over the past two months. The greenback also remained at...
The greenback edged decrease in early European alternate on Thursday, with hazard sentiment buoyed through Nvidia`s sturdy income, at the same time as investors awaited the discharge of enterprise interest surveys. critical for locating clues approximately the fitness of the worldwide economy. At 04:10 ET (09:10 GMT), the Dollar Index, which tracks the dollar...
USTECH Trade Plan Timeframe: 1D #NDX100 #NASDAQ #USTECH #USTECH #TradingOpportunity #Divergence #TradingSignal #USTECHtradingsignal #Forex Hey traders! 👋 Let's dive into a potential trading opportunity on the USTECH pair using technical analysis. 📊 📉 Previously Bullish Trend: Firstly, on the 1D- timeframe, we've been witnessing a Bullish trend in the USTECH...
Next week I will be catching this short set up on EU. On weekly TF we are still bearish and we have currently broken structure to the downside. Waiting for the .618 fib as usual. I will also try to catch some day trades during the swing in the same direction to leverage this trade. Will post updates here!
Hello Traders, here is the full analysis. Price reversal going up levels for BUY . GOOD LUCK! Great BUY opportunity NZDUSD I still did my best and this is the most likely count for me at the moment. Support the idea with like and follow my profile TO SEE MORE. Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will...
Hello Traders, 📈 Daily chart review : - Affter a long moving in downtrend, in the present, price is near with strong support and has got many times want to pull up. - Now, it is prepairing for a breakout of the downtrend 🎯In my trading opinion: You can buy around 73-74 price zone and target is 80-81 zone. 📚 Remember that: Always follow your trading plan...
Pair : AUDUSD ( Australian Dollar / U.S Dollar ) Description : Completed " 12345 " Impulsive Waves and " A - wxy " Corrective Waves at Daily Demand Zone. Bearish Channel as an Corrective Pattern in Short Time Frame, It has Completed the Break of Structure and Retracement.
During the January 8 session, crude oil prices dropped sharply and US government bond yields increased, causing difficulties for world gold prices. However, in the long term, gold has many grounds for a strong increase in price when the market believes that the Fed will almost certainly cut interest rates this year. ISM's latest PMI report showed that the labor...
Gold prices were gloomy at the beginning of the new year, following a strong recovery in the USD as traders reduced bets that the Fed could cut interest rates as soon as March. Stronger-than-expected nonfarm payrolls data on Friday points to labor market resilience — which gives the Fed more room to keep interest rates higher for longer. Spot gold price...
USDJPY surged after falling below the 200-day SMA but encountered strong resistance at the 200-day EMA and recovered some of last week's decline. The Relative Strength Index has recovered from the 30 level, but it is trending sideways and the MACD is rising after falling below the trigger line. If the upward pressure continues, the price could revisit the previous...