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Ascendingtrendline

NAS100USD shows volume up (↑)Trading is all about repeated patterns, and the most unlikely pattern are the one that goes against the trend. Either way it might just be a 50% chance of being right, but then once you're right, the chances of your trade to make a big move is even higher. Now the repeated pattern on this chart is determined by volume, it is recently showing repeated movements up with more volume up on each repeated move. The first line shows a potential pattern and the second white line shows the next point which a repeated move will go unless there's a reversal which are not showing at the moment.
OANDA:NAS100USDLong
by CyberFxTrader
1
XAU/USD | GOLDSPOT | New perspective | follow-up detailsGold prices take a nosedive as a buoyant US Nonfarm Payrolls (NFP) report throws a shadow of uncertainty over expectations for a Fed rate cut in May. The United States Bureau of Labor Statistics (BLS) recently released robust NFP data for January, revealing a surge in employment with 353K new hires, surpassing the consensus forecast of 180K and the 216K payrolls added in December. Despite market anticipation for a slight increase, the Unemployment Rate remained steady at 3.7%. Adding to the market's jitters, Average Hourly Earnings exhibited a robust growth rate, surpassing expectations. The persistent strength in the inflation outlook has raised concerns among investors. The positive momentum in the labor market is anticipated to shift Federal Reserve (Fed) policymakers towards a more conservative stance, potentially leading to the extension of higher interest rates. In the recent monetary policy statement, Fed Chair Jerome Powell emphasized the need for policymakers to gain greater confidence in the sustained return of inflation to the 2% target. This, coupled with the upbeat labor market data, has created an atmosphere of uncertainty, prompting a significant impact on gold prices. XAUUSD Technical Overview: In this video, we conducted a comprehensive analysis of the XAUUSD chart, utilizing both technical and fundamental perspectives. Our examination included an in-depth study of key levels, historical price movements, market behaviors, and the interplay between buyers and sellers, aiming to unveil potential trading opportunities. Our focal point for the week is the $2,035 zone, endowed with historical significance, rendering it a pivotal level. The sustainability of bullish momentum above this zone could pave the way for continued buying pressure, potentially propelling prices to new highs. Conversely, a breach below the $2,035 level, coupled with persistent selling pressure, might signal a resurgence of bearish sentiment. Immerse yourself in the latest dynamics of the Gold market! Stay well-informed to make strategic investment decisions. #GoldMarket #SafeHavenAssets 📺🔔💼 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
BOLT up in a days to come?BOLT retested this ascending trendline that supporting it since July-Aug. Wants to break out from this "small" descending channel that was road down for almost a full month. Last time this trendline was tested 3 times, so we could expect similar action here. If we lose this trendline as support and that horizontal support level at 0,0063, we could expect more downside, so we can take a short position. Indicators look bullish on the daily chart , but on LTF we could see some cool-off time is needed. Watch this one, could have a nice move ahead. Good luck traders
B
by PhilosophersStone
XAUUSD, Daily trendline and MA-200 supportHello my friends, In has been long since my last trade opportunity for XAUUSD After price dropping fiercely from 1870 to 1785 in just 4 days, we finally see some easing on sell pressure. Price found support on the ascending trendline and MA-200. Notice there is also hidden bullish divergence on stochastic. We might see price bounce from this support to retest 1832-1835 area. Buy XAUUSD 1790 Stop loss 1776 Take profit 1832 (3R) Use only 1-2% risk Good luck
FX:XAUUSDLong
by HayatoDragonFX
Bullish bias on AUDCHFWelcome traders, Let's start with the Weekly chart to see where we are right now As we can see price has broken a major descending trendline With an inverse H&S pattern and has made a correction. Daily TF Another inverse H&S pattern shows a nice neckline break and a correction Now down to the 4H chart and we can see the price is rising supported with an ascending trendline and showing a possible double bottom pattern at an important S/R zone I'll wait for a strong rejection beyond the 0.50 % Fibo then set long orders at the shown level to scale in the original position Remember to use proper risk management and trade safe. Good luck everyone,
Long
by kimozelghonemy
5