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GBPJPY Technical Analysis 19.04.2023 1h chart– Previous Daily candle closed Bullish at 166.530 breaking above the previous Weekly High. – Buys on close above 166.900 targeting 30min Resistance formed on 16th December 2022 at 167.230, Leaving Runners to the Daily previous Support formed on 14th December 2022 at 167.660. – Sells on close below 166.450 targeting 4h Support at 166.240, Leaving Runners to the Daily Support formed at 165.930. – High Impact News data ahead for the Pound Sterling at Pre London for the CPI y/y forecasting 9.8% / Previously was 10.4%, High Volatility expected at the London Open.
by SalimFX20
GBPJPY Technical Analysis 17.04.2023 1h chart– Previous Weekly candle closed Strong Bullish at 165.990 just within the Rejection wick formed on the last weekly candle of February 2023, Friday Daily candle closed weak Bullish as price has been ranging across all the sessions. – Buys on close above 166.300 targeting 1h Resistance 166.170, Leaving Runners to the 1h Resistance formed on 16th December 2022 at 167.100. – Sells on close below 165.880 targeting 1h Support at 165.620, Leaving Runners to the 4h Support formed at 165.350. – Ideally is to wait for price to break out of the No Trade Zone with price confirmation.
by SalimFX20
GBPJPY Technical Analysis 11.04.2023 1h chart– Previous Daily candle closed strong Bullish at 165.350 breaking above the Daily Resistance formed on Wednesday 5th April 2023. – Buys on close above 165.500 targeting 4h Resistance at 165.810, Leaving Runners to the 1h Resistance at 166.210. – Sells on close below 165.180 targeting 1h previous Resistance formed at 164.910, Leaving Runners to the 1h Support formed at 164.670. – Ideally is to wait for price to pullback to form Support on the lower timeframe allowing the new Daily candle to form a bottom wick before breaking the previous Daily High for more potential Buys.
by SalimFX20
GBPUSD | Perspective for the new week | Follow-upU.S. consumer spending rose moderately in February, while inflation showed signs of cooling hereby boosting hopes the Federal Reserve would be less aggressive in hiking interest rates. On the other hand, a dim economic outlook overshadows data revealing Britain avoided a recession in the final months of 2022 could be a turning point for the Sterling as it hit resistance again at the close of last week's trading session at the $1.24500 zone. In this video, we did a technical analysis of the current market structure to decipher what to look out for in the coming week as all eyes will be on the NFP data amongst other high-impact macroeconomic events 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.
by darcsherry
2
XAUUSD Technical Analysis 03.04.2023 1h chart– Previous Monthly candle closed strong Bullish at 1969.400 breaking above the most recent Monthly Resistance formed in February 2023, forming new Monthly Support at 1826.700, Weekly candle closed weak Bearish as price has been ranging within the Daily timeframe. – Buys on close above 1971.900 targeting 4h previous Support at 1975.100, Leaving Runners to the Daily Resistance formed at 1980.500. – Sells on close below 1966.700 targeting 4h Support at 1960.700, Leaving Runners to the Daily Support formed at 1956.400. – ISM Manufacturing PMI and ISM Manufacturing Prices data to be released during the New York Stock Exchange session.
OANDA:XAUUSD
by SalimFX20
XAUUSD Technical Analysis 30.03.2023 1h chart– Previous Daily candle closed Bearish at 1964.500 forming new Daily Resistance at 1974.100 as overall price has being consolidating on the Hourly timeframe. – Buys on close above 1969.500 targeting Daily Resistance at 1974.500, Leaving Runners to the 1h Resistance at 1978.600. – Sells on close below 1960.900 targeting recent Daily Support at 1956.400, Leaving Runners to the 4h Support at 1950.300. – Final GDP q/q, Unemployment Claims data and Final GDP Price Index q/q to be released during the New York session, We also have Treasury Secretary Yellen speaking at the Annual National Association for Business Economics Policy Conference in Washington DC.
OANDA:XAUUSD
by SalimFX20
1
USDJPY | Perspective for the new week | follow-up detailsThe crisis in the US banking sector last week lured market participants into a safe haven in the Yen as the US dollar showed signs of losing momentum. Following this development; the Yen closed the week with approximately 3% gain against the dollar. Heading into the new week, the Greenback doesn't seem popular at this moment as the call for rewidening the Fed's balance sheet grows stronger and we can not ignore the upcoming Federal Reserve decision which will trigger a risk-aversed perspective. 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
BTC QUICK UPDATE AFTER FOMC!!Hello everyone, if you like the idea, do not forget to support it with a like and follow. Welcome to this quick BTC update. BTC gives a fakeout during FOMC and trapped many longs. After FOMC, we saw a sharp dump and the price hit the $26.6k level. So what's the next possible scenario from here? Let's discuss this. According to the chart. BTC breaks down the ascending triangle and currently looks like it is going for a retest. So there's a possibility to hit the $28k level again and if we see rejection from there then we see another drop up to the $26k level. What do you think about this? Let me know your views in the comment section. If you like this idea then do support it with like and follow. Thank You!
Short
by CoreCrypto1
4
BTC BREAKS DOWN! READY TO TEST $25K BEFORE FOMC!!Hello everyone, if you like the idea, do not forget to support it with a like and follow. Welcome to this quick BTC update. BTC breaks down the rising wedge in 1hr time frame. Also, breaks below the 50MA. High chance that we see a pullback up to $25k-$25.5k level before the FOMC meeting yesterday. Invalidation:- Breaks above $28.5k will invalidate this bearish scenario. What do you think about this? Share your views in the comment section. If you like this idea then do support it with like and follow. Thank You!
Short
by CoreCrypto1
4
EURAUD 26th feb EURAUD So for this pair iam looking for a short move to take us back into our larger timeframe move which is a downtrend. As you can see price is just about to tap into our supply above where we sit currently, order flow shifted from bearish to bullish so we want to try and capture the next shift which will be bullish to bearish... following that overall view of order flow, My aim for this is pair is to try to trade it long to short. Aiming for our smaller demand shown below to then look for a long move into our supply which i will be looking for our overall move lower! Remember guys, if you like this idea, hit that boost button. Drop us a comment down below. Let us know what you think. As always guys trade safe, stick to your trading plan. I hope you all have an amazing trading week.
Short
by PipSurfingSociety
1
BTC BREAKDOWN! MORE DUMP INCOMING!!Hello everyone, if you like the idea, do not forget to support it with a like and follow. Welcome to this quick BTC update. BTC is not looking good here. Rejected badly from the $23.9k resistance level. Also, Breaks down from the bearish flag-like structure in 1hr time frame. Expecting more drops from here. Invalidation:- Close above $23.9k If you like this idea then do support it and hit the like button. Also, share your views in the comment section. Thank You!
Short
by CoreCrypto1
2
AU BANK WILL BREAKOUT OR BREAKDOWN ??? What is a Symmetrical Triangle:- A symmetrical triangle is a chart pattern characterized by two converging trend lines connecting a series of sequential peaks and troughs. These trend lines should be converging at a roughly equal slope. The price forms symmetric triangle pattern on daily and weekly chart. The price perfectly following the ascending parallel channel and price persisting itself and also taken support many times. What if price Breakout upside:- If price will breakout upside than we can expect a good rally towards upside as price following symmetric triangle pattern & upper descending parallel channel from a very long time and trading under the range of the triangle pattern. Breakout towards upside can also takes the price at all time high level. What if price Breakout downside:- If price breakdown downside than we can expect good fall towards downside as price respected and following lower descending parallel channel and taken support many times. If price breaks this support than it will leads to a good fall in price. Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad
NSE:AUBANK
by Jha_Nidhi