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2023.6.29 Daily European Perspective 2023.6.29 Daily European Perspective Gold is clearly accelerating its decline and is about to test the integer level of $1900! Hello, I'm Older Duan. Today is Thursday, June 29 2023. Now it's 16pm Beijing time. Let me give you a quick comment on the technical forms of the current international mainstream varieties! First, what we see is the daily graph of the dollar index. As shown in the figure, the U.S. Dollar Index broke above the daily line of 55MA yesterday and hit 21MA and 144MA! Now, let's look at gold. Now you can see the daily chart of gold. The figure superimposes the combination of gold's recent bottom-up golden section and Fibonacci parameter mean square! As shown in the figure, gold is clearly accelerating its decline and is about to test the integer level of $1900! Then, in the following days today, we can use the integer gate of 1900 dollars as the important Bitwise operation of the day! Above this position, bulls dominate; Below this position, bears dominate! Let's take a look at American crude oil. What you are now seeing is daily level candle chart of US crude oil. The graph superimposes the recent bottom-up golden section of US crude oil and the Fibonacci parameter mean square combination! As shown in the figure, US crude oil recovered its previous day's decline yesterday, but is still below the integer level of $70! Then, in the following time today, we can take the integer pass of $70 as the important Bitwise operation operation in the day! Above this point, bulls dominate; Below this point, bears dominate! Let's look at EURUSD. What you can see now is the daily chart of EURUSD. The figure superimposes the combination of European and American currencies against the recent bottom of the golden section and Fibonacci parameter mean square! As shown in the figure, yesterday's decline of the euro against the US dollar gave up the previous day's gains, and today's lowest point hit the daily bottom of the gold split at 2.382! Then, in the future period of this day, take today's opening price (1.09144) as the important Bitwise operation of the day! Above this position, bulls dominate; Under this position, bears dominate! Finally, let's take a look at GBPUSD. Now you can see the daily chart of GBPUSD. The figure superimposes the combination of the recent bottom of the GBPUSD against the golden section and the Fibonacci parameter mean square! As shown in the figure, the pound US currency fell below the daily limit yesterday, reaching below the 2.000 level of the gold split at the bottom of the daily level, and broke through the daily level of 21MA! Then in the future, the daily line level of 21MA (1.26510) will be taken as the Bitwise operation of the important point in the day! Above this position, bulls dominate; Under this position, bears dominate! Well, the above is a quick inventory of the technical forms of the international mainstream varieties in today's European period! Special reminder,Today is Thursday, as this week is the last trading week of June, the monthly line for this month will be closed by the end of this week! Please pay attention to the risks! Im Older Duan. Wish you happy win . Goodbye!
FOREXCOM:XAUUSD
by Think_More
AUDCAD : Bull tunnel entry post 9 week breakout up! 30.5Simple technicals combined with a broad perspective. 1) Resistance trend-line ongoing since April 5th was broken 24th may, indicating bull trend initiating. 2) Since breakout, connecting lows and highs are parallels indicating a consistent up-trend in the shape of a tunnel. The range of the tunnel is 0.980 to 0.916 , current rate is 0.911. A break below 0.980 with a daily close would confirm downside potential to 0.9000. So buying now and placing a stop lower than 0.980 is the first option with a TP at 0.916. Second option is to to wait for a 4h candle close break above 0.916 and TP at 0.9222 with a SL back below at 0.9135. --------------------------------------------------------------------------------------------------------------------- I hope you this was helpful! If you found that it was, please like and follow! Would truly mean a lot. Thank you so much for reading - I encourage you to ask questions, make comments.. I promise to reply to each one. I am not a financial advisor and it's best to make your own research and trade cautiously. ----------------------------------------------------------------------------------------------------------------------
Long
by Exactus
7
CADJPY all the way upWhat's up guys! I'm looking for major buy setups on the retest as price break through the daily resistance zone I would have entered on the break but I like using a more conservative approach when it comes to currency pairs Based on the market structure , price can still make higher highs after the break of the 4H trendline and the last swing high showing the bulls back after a corrective phase I still zoomed into lower timeframe to look for more setups to capitalize on this trade I will not enter this if it doesn't fit into my trading style What do you guys feel ?
Long
by newschooltrader
2
NZD/JPY Long Idea today and yesterday there has been strength in the NZD and the JPY has been weak for a long time now, so if the NZD strength continues it will likely break its weekly zone and then we will position ourselves for the exhaustion to previous high and look for a buy to our next are of sell pressure which is our monthly zone, our stop loss has 2 areas of sensitivity protecting it as we have the sensitivity from our previous high and the lower level of consolidation. we will only be interested in this trade if the NZD strength continues as it has been unstable this week
Long
by Trade_Rocket_Investments
Will the USD dtrength continue?for many weeks now we have stayed away from the USD due to it being unstable in its fundamental strength. but this week we are seeing that the USD is the strongest currency, if this strength is consistent then the following trade might come into play. The CHF has been the weakest currency for a while now so we will be looking to capitalise on this and the USD strength by looking for lower timeframe buys to the upside with our final targets at our major levels or zones of sensitivity
Long
by Trade_Rocket_Investments
GBPUSD - Forms new target. Time to sellAs seen on the chart, price has reached the resistance line (the upper trendline). Price is therefore expected go short to the previous support (the lower trendline). What do you think? Share your opinion in the comment section.😇 Please support this idea with LIKE👍 if you find it useful.🥳 Follow me to receive more contents like this.🤙 Happy Trading💰🥳🤗 Trading Involves High Risk⚠️ Not Financial Advice💸 Use Proper Risk Management💹 Thank you for your support!💓
Short
by PetrockFxTrading
The inescapable Financial Collapse; A 4-Dimensional analysisThis is the SP500 / Gold / the US Dollar / a G10 Composite Currency Index / Time / Price, all of it, all at once! - Lets call it: Universal Value. - Shall we... This is a 2-Dimensional projection (being on a flat computer screen, after all :-) of a 3-Dimensional "Slice" of a 4-Dimensional space. - So try to visualize it. (Not as difficult as it first may seem.) Envision a box with only 4 sides - i.e.: a tunnel - which constitutes the entire Universe, in which everything exists, and the only option for interaction with said universe is to twist the walls freely, into any desired configuration, along the tunnel's principal axis - in this case the horizontal, Time axis. This is a broad-strokes, yet, reasonably accurate depiction of the concept of: Value. - In this case, projected onto the SP500 Index. "How does one escape such a tunnel where one's options are duly limited (mathematically and physically) to only twist the walls of such a tunnel?" - You ask... It is literarily impossible, so good luck with that! Thus, cheer on, trade the hell out of it and take every last fool for everything they got! (Then run. :-) ... and just in case: There is no "Plan B"! Here is a likely better - not "shifted" - view, ... ... of the "financial Universe" projected onto the SP500.
TVC:SPXShort
by Nemo_Confidat
18