XAUUSD D1 - Long Setup So far this is the plan, scouting out support and psychological price of $2000/oz, to gear up for potential long positions. A solid confluence zone which stacks out fib corrective measure too. 3 confluences, with stops covering previous area of demand and support/trend lows.
XAUUSD D1 Last night, XAUUSD experienced a remarkable surge of +720 points as the markets unfolded, driven by a confluence of factors, previously mentioned above. Notably, the XAUUSD markets are steadily advancing toward historic highs, and the market opening triggered a substantial influx of buying pressure, low volume causing such aggressive spikes, since we...
XAUUSD has showcased remarkable dynamics in recent trading sessions, commencing the week with an extraordinarily bullish momentum and signaling the potential for an immensely bullish monthly closure. In response to this impressive bullish surge, we are strategically considering a sell-off, viewing it as a natural course of simple market corrections. Preceding...
In the realm of EURUSD, a flurry of Euro-related CPI inflation data is poised to make its entrance in just a matter of minutes. Our focus is keenly set on witnessing a more pronounced rejection of the psychological price point at 1.10, paving the way for a potential support discovery around the 1.08500 mark or even the significant 1.0800 whole number. As our...
GBPUSD is elegantly responding to the strategic convergence of resistance and supply prices, seamlessly aligning with the significant milestone of 1.27. In recent trading sessions, these key whole numbers have exhibited remarkable efficacy across the pairs under our scrutiny. Our discerning gaze is now fixed on pinpointing the extent of selling pressure...
DXY D1 - Relief Rally The dollar index has undergone a significant retreat, showcasing a robust decline from the recent swing low to the swing high. It elegantly touched the 618 region, displaying a compelling wick, and gracefully closed just above our crucial 103.000 support level. Anticipating a potential rebound from this fortifying support zone, we may...
GBPUSD D1 We're witnessing a robust ascent in GBPUSD, with the GBP showcasing impressive outperformance against market trends, while the USD lags behind. The bullish momentum has been steadily building since last Thursday. It's intriguing to observe how much further GBPUSD can advance before encountering any notable resistance. Let's keep a close watch on this...
XAUUSD H1 Gold has experienced a remarkable surge as we kick off the new week. The upside potential is substantial, and reaching all-time highs seems increasingly attainable. Get ready for an exhilarating week ahead, encompassing both commodities and stock indices. Keep a keen eye out—this week is brimming with opportunities you won't want to overlook!
DXY D1 We continue to navigate to the southside here with the dollar index. During recent trade and events over the past few weeks. Should we breach the significant 103.000 threshold, our sights are set on the next target at 101.500. Additionally, anticipate a continued upward trajectory for XAUUSD, with all-time highs on the horizon.
GBPJPY D1 In yesterday's trading session, we witnessed a notable rebound around the 185 handle, surging an impressive 200 points and achieving a 3R gain. However, the current price is encountering some resistance, suggesting a potential slight dip before the anticipated upswing in the next wave.
AUDUSD has successfully executed an upward breakout, skillfully navigating a retest after surmounting the significant 0.65 threshold—a resistant range that has steadfastly held its ground for a considerable duration. Anticipating a pullback, seizing a buying opportunity within that zone seems prudent. A substantial upside potential beckons from 0.65, stretching...
In tandem with the analysis of the dollar index and the subsequent evaluations of AUDUSD and EURUSD... The ongoing trend of a weakening dollar shows no signs of abating. That being said, 1.25 is our confluence zone and buy region. Over the past 18 months, we witnessed a prolonged series of interest rate hikes, and the market is now experiencing a sense of relief...
The dollar index has experienced a rebound, surpassing the 103.00 threshold. When examining currency pairs such as GBPUSD, AUDUSD, and EURUSD, it becomes evident that there is further potential for movement within the frameworks we are monitoring. This suggests the likelihood of DXY breaching the 103.000 support level, setting the stage for extended targets in the...
Taking a closer look at the GBPJPY on a more immediate timeframe, we observe compelling instances of price rejections on the H4 chart. The market is earnestly seeking support around the pivotal 185 level. Notably, there are prominent wicks penetrating into a liquidity zone, presenting an intriguing opportunity for a potential surge towards the 187-190 range. The...
GBPJPY D1 GBPJPY surged to peak at 188, subsequently retracing to the 185 handle, which aligns with our identified confluence and buy zone. The strategic elements in play include discernible daily (D1) demand, robust D1 support, and the psychologically significant 185 price level. Additionally, our protective stops are strategically positioned to encompass the...
DXY D1 The dollar index has displayed robust corrective movements in recent weeks, buoyed by a diverse set of supporting data points. The 103.000 handle emerges as a pivotal support zone, potentially paving the way for a substantial rebound in the USD. It remains to be seen how events will unfold. Examining the market from its swing low to swing high, a...
AUDUSD D1 AUDUSD has gracefully hovered within the 0.63 to 0.65 range, a trend that persisted until the recent breakout spurred by the dollar's softening. The 0.65 handle encountered a noteworthy rejection, mirroring the resistance observed at cable 1.25. In light of these developments, a straightforward break-and-retest scenario cold unfold, suggesting the...
The 35,000 handle has become a focal point, laden with significant psychological implications. Anticipating potential rejections in this territory, though the extent of their impact remains uncertain. Nevertheless, the exploration of this scenario is deemed valuable, given the considerable corrective movements stemming from last week's market fluctuations and the...