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Last Leg (Update) - USDCHF Year So FarHey everyone!! Here I talk about USDCHF and give a little update on my Trade Idea "Last Leg To The Finish Line" Since it went over so well and continuing to follow suit, I wanted to do a Video Update on the idea to give a little insight on what I was seeing as the pair unfolded for the year and what I'm looking for in the near future!! Please let me know what you think and thank you so much for all the Support!! .. It all started with a little Double Bottom on the Hourly Chart
Long
by Novi_Fibonacci
1
EUR/USD Weekly Analysis: Short Opportunity with Dual Setups Traders, Expanding on our EUR/USD analysis, I've integrated two distinct setups: Significant Support: Daily chart analysis reveals robust support levels. Bearish Trend: The LR channel indicates a prevailing bearish trend. Key Shorting Zone: A notable cluster formed by the Weekly Pivot and Last Week's POC presents an excellent opportunity to consider short positions. Considering these setups: The first setup entails a SL placement just above this week's R1 and last week's reversal point. The second setup involves a SL positioned just above the POC. Remember, these plans are contingent upon market conditions and may adapt in response to surprises from Wednesday's EURO CPI release and FED Chair Jerome Powell's speech. Stay adaptable and remain vigilant in your trading endeavors. Best regards,
Short
by AliSignals
House Prices have likely reached a topParty's over. Now comes the bill. Housing prices have experienced an artificial inflated price surge from march 2020 that needs to be corrected. RSI sell signal MACD just crossed the signal and it's bound to change direction. Stochastic RSI at virtual 0 also signals a possible change to a bear market that is still yet to occur, which often happens at a second bounce to a lower high. First target is 345. Using 2008 as reference price index can go as low as 310, to the 0.38 retracement, however back then - from the shock reaction to the bubble bursting - we didn't experience the recession we would have had if the Fed didn't eased the economy, quantitatively speaking, if you know what I mean. If the Fed lets the house market drive its natural course, and if we experience a deflationary economy in the mean time, I wouldn't be surprised if we went as low as 290 or 260 on a longer term. DYOR
ECONOMICS:USHPIShort
by Zerkaalo
AUDUSD: Bearish Triangle Pointing Lower, Dovish RBA? During the overnight Asian session, there was a release of Australian CPI data, indicating that inflation remains stable at 3.4%, which is slightly below the expected 3.5%. Consequently, we can anticipate that this news could potentially drive the Aussie lower on maybe dovish RBA, who may try to follow other dovish CBs. From an Elliott wave perspective, we are tracking bearish pattern; its an A-B-C-D-E, possibly in already late stages. However, the ideal resistance for a wave E could still be a bit higher, around 0.6580 or so. Nevertheless, if we witness a break below 0.65, I believe that the decline could immediately resume toward the lows seen in March. Grega
Short
by ew-forecast
Plans for the US FOMC laterMarch 20th (FOMC in Mind) DXY: Consolidate along 103.80, could break lower briefly, overall trade higher to 104.50 resistance. NZDUSD: Buy 0.6060 SL 25 TP 65 (Counter Trend) AUDUSD: Sell 0.6500 SL 20 TP 55 USDJPY: Sell 150.55 SL 40 TP 180 GBPUSD: Straddle Buy 1.2740 SL 25 TP 75 or Sell 1.2690 SL 30 TP 90 EURUSD: Test and reject 38.2%, Sell 1.0870 SL 20 TP 65 USDCHF: Buy 0.8905 SL 20 TP 55 USDCAD: Buy 1.3625 SL 20 TP 85 Gold: Below 2145 could trade down to 2125 (DXY strength dependent)
TVC:DXY
by JinDao_Tai
LINKUSDT|Important areas and roadmapHi guys You can see the popular currency chart link in the daily time frame. I have identified the important areas of supply and demand for you. Although we have crossed the range area and we have a close candle above this area, but it is placed on an important daily supply area and also the return candle has stabilized. To ensure the continuation of the uptrend, we need to wait for the daily supply area to break. In the second scenario, we can enter selling positions in small time frames by seeing reversal patterns. For the growth of the link, if he gives us a confirmation, we can expect to go up to the target (25.6-2703). ​ SUPPLY ZONE (17.2-18.2) - (17.8-18.8) - (25.6-27.3) DEMAND ZONE (15-15.5) - (13.5-14.5) - (11.7-12.3)
Long
by Golden_Star1994
EURUSD: Addressing Temporary WeaknessGreetings Traders, Bullish Channel: We're currently observing a bullish channel, with the price nearing its ceiling. Key Levels: Pay attention to the concise of this month's R1, which has been broken, and the VAH of volume profile. These levels are pivotal for longer-term long positions and suggest refraining from short-term shorts. Temporary Weak Bearish Phase: Despite a temporary weak bearish phase, expectations point to a strong rise by the middle of next week. LTF Analysis: On lower time frames, watch for deeper corrections, offering opportunities for short trades. CPI News Impact: Stay updated on CPI News, as surprises here could alter market dynamics significantly. Wishing you profitable trades ahead! Warm regards,
Short
by AliSignals
250+ Pips Profit On Gold On CPI DATATrade Setup Review: Gold Sell on CPI News We recently capitalized on a strategic trade setup that involved selling gold in anticipation of higher CPI data. As predicted, the CPI data came out higher than expected, leading to a significant market movement that favored our position. Result : Our foresight and timely action yielded a remarkable +250 pips profit. This outcome not only demonstrates the effectiveness of our trading strategy but also underscores the importance of staying informed about economic indicators and their potential impact on the markets. We'll continue to monitor the markets for similar opportunities and aim to leverage economic news to our advantage. Stay tuned for more insights and trade ideas! Follow For More Updates, Analysis And Free Signals.
FXOPEN:XAUUSDShort
by itmecrypomania
How To Trade Gold On CPI News DataAs a Gold Trader understanding and interpreting CPI data is crucial for making informed trading decisions. Here's a guide on how to read CPI data and a trade idea based on potential CPI outcomes: --- Understanding CPI Data: CPI Basics: The Consumer Price Index (CPI) measures changes in the price level of a market basket of consumer goods and services purchased by households. Core CPI: Core CPI excludes volatile items like energy and food, providing a clearer view of inflation trends. Gold's Reaction: Gold is often seen as an inflation hedge. A rise in CPI may lower real interest rates, which can be positive for gold prices. However, gold reacts primarily to strong increases in inflation¹. Trading on CPI Data: High CPI: A higher-than-expected CPI may strengthen the dollar, putting pressure on gold prices. Consider a short position if CPI is significantly above forecasts. Low CPI: A lower-than-expected CPI could weaken the dollar and boost gold prices. In this case, a long position may be favorable⁷. Trade Idea: Entry: Monitor the CPI release. If CPI is higher than expected, enter a short position; if lower, consider going long. TP and SL: Set your take profit (TP) near the next resistance level for long positions or support level for shorts. Place your stop loss (SL) just above the recent swing high for shorts or below the swing low for longs. Position Sizing: Adjust your position size to manage risk effectively, ensuring the SL does not exceed 1-2% of your trading capital. Example Trade Setup: If CPI is high: Short gold with SL above the last swing high and TP at the next significant support level. If CPI is low: Go long on gold with SL below the last swing low and TP at the flag high or next resistance level. Note : Always use proper risk management and adjust your strategy based on the actual CPI data and market reaction. --- Remember , CPI data can cause significant volatility in the gold market. Stay informed and be prepared to act quickly following the data release. Good luck! 📈 Follow for more setups and educational material
FXOPEN:XAUUSDEducation
by itmecrypomania
Japanese yen steady ahead of Tokyo Core CPIThe Japanese yen is showing limited movement on Monday. In the European session, USD/JPY is trading at 150.34, up 0.13%. Japan releases Tokyo Core CPI, considered the most important inflation indicator, on Tuesday. The index fell to 1.6% y/y in January, below expectations and the lowest rate since May 2022, but the market estimate for February stands at 2.5%. Inflation remains a key factor for the Bank of Japan as it mulls exiting its ultra-loose monetary policy. According to a report on the weekend, the government is considering announcing an official end to deflation. This would be a symbolic move but would likely be viewed by the markets as another signal that Tokyo is planning to remove negative interest rates in the next several months. After years of an ultra-accommodative policy, such a move would mark a sea-change for the Bank of Japan and would likely give a strong boost to the ailing Japanese currency. On Thursday, Bank of Japan board member Hajime Takata said that the BoJ must overhaul is ultra-loose monetary policy, including an end to negative rates and removing bond yield control. Takata added that the BoJ was “seeing prospects of achieving our 2% inflation target”. The initial results of Japan’s annual wage negotiations will be released on March 15th, followed by the BoJ meeting on March 19. The wage talks are expected to result in workers receiving higher wages, which will likely result in higher inflation. The BoJ isn’t expected to make any policy changes at the March meeting, with April or June the likely dates for a major announcement. There is resistance at 150.90 at 151.69 150.05 and 149.26 are providing support
by OANDA
Gold royalty streamers oversoldAs a group, gold royalty streaming companies reacted negatively to the drop in gold price on February 13, 2024. This movement was triggered by US CPI for February printing slightly higher than expected by consensus, on the index and also MoM and YoY readings. Reaction was an immediate spike in TVC:DXY and commensurate selloff in FX_IDC:EURUSD . This dragged risk assets down, with equities markets getting hit. TVC:GOLD also lost more than 1% in lockstep reaction. The opportunity here is in the unwind of yesterday's outsized movement amongst the gold royalty streaming companies as a group. While some have performed better than others over the past year, they were all punished on this move. Typical drawdown was 10% on the day . For consideration: A) a short term buy of one of these names and holding to pre-CPI price level, or B) a longer term entry for those with a bullish view on gold and appetite for leveraged exposure and desire for dividend income.
TSX:SSLLong
by StrobeT
1
US30: Thoughts and Analysis Post-CPIToday's focus: US30 Pattern – Diagonal Support – 38,135, 37,135 Resistance – 38,810 Hi, traders; thanks for tuning in for today's update. Today, we are looking at the US30 on the daily chart. What a solid run we have seen till yesterday's CPI data. After US CPI came in hotter than expected, this shocked the market and led to heavy selling on stock indexes and risk currencies with a flight to safety (USD). We have broken down price action, price patterns and levels we are watching. Is this nothing more than a buying opportunity, or is this a potential momentum change? Good trading.
EIGHTCAP:US30
by Eightcap
5
🔥 XAU/USD - CPI is coming , Bull or Bear ? (READ THE CAPTION)Well, as you can see and we mentioned it in the previous analysis, today we will have CPI statistics! The predicted rate for CPI Y/Y is 2.9%, if the actual number is higher than the expected rate, we will witness the growth of the dollar index and consequently the heavy fall of gold! Note that this scenario is only valid if the actual rate is higher than the forecast! If this scenario is realized, its targets will be $2020, $2016, $2012, and $2007, respectively! What do you say ? Please support me with your likes and comments to motivate me to share more analysis with you and share your opinion about the possible trend of this chart with me ! Best Regards , Arman Shaban
OANDA:XAUUSDShort
by ArmanShabanTrading
92
NZDUSD,🔴CPI is coming...🔴(Details on caption) Hello traders As you can see the market maker sell model is forming on the NZDUSD 15 minutes chart and now we are on the second distribution phase. We looking for a mid-term high form in the premium, then the price goes down for the sell-side liquidity as a final target. Simply put, the market structure shifted after touching the 4-hour bearish order block and we can expect the price to continue downtrend to sell-side liquidity. In this scenario, I don't want the to price reach 0.61400 or higher. 💥Please pay attention: Today we have the CPI today and High volatility is expected💥
Short
by VahidTradingCR
1