CFD
So, I looked at the CNY (Chinese Yuan or Juan) more, and..Check out my most recent publishing(s) referring to this particular exchange rate in the "Related Ideas" section below if your interested in the USDCNY.
I took a closer look at my in-depth analysis over the weekend and felt as though it needed some adjustments (additions*) + further complication..
but its for the better.. hear me out.
Ive been spending the last month or so, and will be spending as much time as necessary to catch up and become more and more familiar with what's appearing to become an even more disastrous real estate market than what we know to be the worst recorded event (in relativity) in capitalism history. ("the 2008 financial crisis")
This event could be worse, simply due to the fact that China is so powerful.. (which is good for us; the money managers!)
As a trader, its important to consider the recent upturn regarding political and socioeconomic gossip. IYKYK
There is plenty of public and freely available information on how to approach any market using fundamental risk management.
Save this, be patient, and ask questions.
Happy trading, and good luck!
Intraday Analyzation of DXY (July '22 Pre-Monthly Close)like, comment, and subscribe!
It was an interesting and exciting day to say the least when reviewing the market reaction today, after the feds released critical monetary policy information regarding the global standard. With the federal funding rates remaining unchanged, and an interest rate increase that was not as alarming as rumored to be, the DXY made retreat and is currently printing in the same territory of last weeks previous low marks..
There was a lot of speculation and rumors leading up to todays federal announcements that there could have been a 100 bps (or 1%) increase in the federal interest rate, which is a rate the United States government hasn't issued since the early 1980's. (Ironically, that time was the country's worst inflation event in history.)
The rate hike was announced in the ladder half of the trading day at 75 bps (or .75%), which, lets just say, for the sake of this article, was nothing to call your brokerage firm about.
Despite sellers taking control of price action in the midst of these "red folder" announcements to close the day, there are still a couple of bright sides for traders who, like myself, who are looking for a continuation of bullish price action, whether it be sooner or later.
There is more critical information regarding the currency being announced tomorrow, July 28th. This news will also cause more volatile movement in the market. Fingers crossed that the index can remain above the marked area of support as we approach the monthly candle close. It shouldn't be a surprise if it takes some time for the market to decide its feelings about the newly released, and upcoming fed announcements. Even though there is a good possibility for a short term consolidation period, and some volatility as the week finishes, there is still plenty of opportunity for traders to extract value.
Happy trading, and good luck!
GOLD - Video Top-Down Analysis!Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst.
Here is a detailed update top-down analysis for GOLD.
Which scenario do you think is more likely to happen? and Why?
Always follow your trading plan regarding entry, risk management, and trade management.
Good Luck!.
All Strategies Are Good; If Managed Properly!
~Rich
Next short position on XAUUSDUnfortunately I missed the short trade after the entry annotated at the top because that green candle wick was my SL and due to holiday festivities I was not monitoring the charts to re-enter. However, this is my next position. Based on support and resistance confluences on the daily AND weekly charts, this is where I believe price will drop to. However, to avoid drawdown I have placed a sell stop and a sell limit based on two alternate entries with the same SL and TP as the position tool shows.
Gold is WeakGold is repeating patterns since 2020 especially August 2020 to March 2021 - ping-ponging within descending channels with bear flags, tops in oversold RSI followed by negative SMA crosses, bearish divergences, and MACD bearish crosses and weak pullbacks that can't get past the 0 level and ending with another bearish cross. There is no bullish divergence that might suggest it not going below 1700 like in November 2021.
Be careful with fake-outs and retests like that bear flag in Oct - Nov 2020. Those are stop loss hunts, liquidity grabs or whatever you wanna call them.
XAUUSD Consolidation ZoneAs you see in the 4H chart, price is moving in a consolidation area between the support and resistance levels (1828-1870).
Price has touched the resistance area in a big upside move only in one candle which shows there was an upside pressure and bulls were trying to keep price high, but they failed to break the resistance and pushed to the downside.
Currently, price is moving downside towards the yellow support level, and since the main trend is bearish, we can expect a downside breakout on the support level and a drop towards the last major low.
As long as price is in the consolidation area, we should wait for the breakout first, then enter the position in the same direction of the breakout.
USOil Daily - Bullish move ending soon?TRADE PLAN 9 June 2022
USOIL (CFD on WTI Crude Oil)
Description
Although bullish trend remain active for now, price momentum in favour of bullish move is diminishing.
Nevertheless, Price has a high probability to visit 133.20 level at Weekly R3.
At 133.20 price will have completed a 5-wave sequence on Daily Chart. Hence providing a high probability set up to bearish move back to 97.65 price level.
Disclaimer
Charts are educational, not investment recommendation
XAUUSD Bearish StructureAs you see in the 4H chart, there was a bullish rally towards the red resistance zone and an upside breakout on it which was failed and price could not get fixed above it, so it came all the way down again.
Currently, we can see a bearish structure with a lower low which indicates price is willing to drop and reach lower levels.
Since price has broken the last minor low, I expect it may see 1830 and in the case of a downside breakout and bearish candle closure below 1830, the next target would be around 1811 which is the next support level.
What is your outlook on XAUUSD? Feel free to share your ideas in the comments.
Buy Now And Sell LaterWe can see that the price broke an important trend line and then bounced from a support area, now it goes to retest with a double bottom pattern that just broke so it is a buying opportunity but the big move will be when the price makes its third touch with the blue bearish trend line
Relationship Between Price & volume & open interesthello everyone.
today i want to explain the relationship between price and volume and open interest.
we know that open interest means the number of positions (long/short)that is open.(in short OI)
if the price going up and volume and OI is going up too we can see very strong bullish sentiment in market.
if price going up but volume and OI going down it means that the price weakening and long positions is closing
so we have bearish sentiment in market.
if the price going down but volume and OI going up it means traders interst to open short positions
and the sentiment is very bearish.
and in the end if the price is going down and vol and OI going down too we can understand that
traders are tired from falling and want to close their short positions so we have a bullish sentiment in market.
hope that this is useful for you.
if you support me i will try to be better day by day...
thank you friends
Nasdaq100 weekly forecast and Daily Bias.Weekly Forecast.
Potential swing low forming @ 200 EMA zone
after a run on sell stops. 31% drop from all time high (average drop).
1.Price must not be lower than previous weeks low for a bullish
bias. Potential Head and shoulders on lower TF.
2. Price can potential run below EMA for buy orders.
D1 Bias
Price runs short term low and trades above it.
1. Creation of swing low confirms long
2. Target short term high 12600.0
The rotation of 2022. Out of Tech/Crypto into Agriculture.The market has taken a turn to a risk off scenario. When on spot without the capability to short, the most logical move is a rotation towards the most Risk-Off asset there is Agriculture. Under normal conditions gains in this area would be meagre at best. However, as producing countries face civil unrest due to rising inflations, we are seeing an increase in export bans, this is compounded by the Ukrainian conflict effect on wheat. So far there is a group of 20 countries some of daam top 3 producers in their respective crops imposing export bans that are planned to end in December 2022-December 2023.
With this in mind a hefty increase in wheat and other crops is expected. Aiming for FIB 4.
#LONG #TRADEOF2022
The great 2022 rotations. Tech/Crypto -> AgricultureThe market has taken a turn to a risk off scenario. When on spot without the capability to short, the most logical move is a rotation towards the most Risk-Off asset there is Agriculture. Under normal conditions gains in this area would be meagre at best. However, as producing countries face civil unrest due to rising inflations, we are seeing an increase in export bans, this is compounded by the Ukrainian conflict effect on wheat. So far there is a group of 20 countries some of them top 3 producers in their respective crops imposing export bans that are planned to end in December 2022-December 2023.
With this in mind a hefty increase in wheat and other crops is expected. Aiming for FIB 4.
#LONG #TRADEOF2022
The great 2022 rotation Tech/Crypto -> Agriculture.The market has taken a turn to a risk off scenario. When on spot without the capability to short, the most logical move is a rotation towards the most Risk-Off asset there is Agriculture. Under normal conditions gains in this area would be meagre at best. However, as producing countries face civil unrest due to rising inflations, we are seeing an increase in export bans, this is compounded by the Ukrainian conflict effect on wheat. So far there is a group of 20 countries some of them top 3 producers in their respective crops imposing export bans that are planned to end in December 2022-December 2023.
With this in mind a hefty increase in wheat and other crops is expected. Aiming for FIB 4.
#LONG #TRADEOF2022