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EURUSD: Consolidation & Your Trading Plan 🇪🇺🇺🇸 EURUSD is currently trading within a narrow horizontal range on a daily and stuck between 2 daily horizontal structures. If the price breaks and closes above 1.0817 resistance, we will expect a bullish continuation at least to 1.087. If the price breaks and closes below 1.0723 support, a bearish movement will be anticipated to 1.067 The US inflation data will most likely be the catalyst. Patiently wait for a breakout and the follow the market. ❤️Please, support my work with like, thank you!❤️
Long
by VasilyTrader
1
XAUUSD Technical Analysis 13th February 2024 1h chart– Monday Daily candle closed weak Bearish within 2020 level as price ranged within 4h timeframe. I’ll be looking for potential Buys above 2026.500 targeting 1h Resistance (2033.000) and 4h Strong Resistance (2037.600) same Buys ideas we’ve had on the previous Analysis. I’ll be looking for potential Sells below 2017.700 targeting 1h Support (2012.700) and retesting Daily Support formed on Thursday 19th January around 2006.100. We have CPI data during the New York session for the US Dollar which may bring some volatility to the market.
OANDA:XAUUSD
by SalimFX20
DXY new target?My view for the next week(s) for DXY. FUNDAMENTALS: Following the new trend started in 2024 and displayed in January and February, DXY infact did a new 4h and daily break of structure to the upside, giving a clear shift in sentiment. The fast devaluation of dollar regarding the early cuts is being rejected and in the last FOMC and Powell interview he made very clear that jobs are strong and inflation too. They are aiming for a soft landing and they might get it. If this next CPI on Tuesday is as expected or green, that would give more confirmation for the FED to do a soft landing and cut slowly. If the FED cuts slow the rates, it would give more strength to the dollar and could give us a very strong bullish leg. TECHNICALS: Monthly is still bullish. Weekly is still bullish. Daily is still bullish. It did a new HH on Daily and 4h. It went to the 0.361 fibo area and got rejected as its first test. Im expecting a quick dive to gather liquidity and fill some gaps in the 103.700 - 103.450 area which generates confluence with Weekly 0.5 fibo and with 0.61 and 0.70 fibo in this mini leg on the 4h, is also the last breakout zone. If we analyze in Wyckoff method, the spring that generated the previous to the breakout is giving us a retest which is a nice area to genearte a re-accumulation. This could also be a very explosive move because it will align with CPI news. VIEW: Expecting a liquidity sweep at 104.150-200 in Asia on Sunday. Followed by a powerful move to the downside to reach the accumulation area before CPI on Tuesday. The target is going to be 0.286 fibo in the weekly with the -0.272 extension of this mini leg. I expect to reach it by Thursday/Friday morning. Good luck to all!
TVC:DXYLong
by the_gats
XAUUSD Technical Analysis 12th February 2024 1h chart– Previous Weekly candle closed Bearish above recent Weekly Support, forming new Weekly Resistance around 2040s. Friday Daily candle closed Bearish. I’ll be looking for potential Buys above 2027.500 targeting recent 1h Resistance (2033.000) and 4h strong Resistance (2037.600), there could be a potential retest of recent Weekly Resistance around 2040s. I’ll be looking for potential Sells below 2020.400 targeting 4h Support (2015.800) and next 4h strong Support (2009.200).
OANDA:XAUUSD
by SalimFX20
XAUUSD Technical Analysis 9th February 2024 1h chart– Thursday Daily candle is 2nd Daily candle closing Doji Bearish for this week, leaving 140 pip rejection wick to the downside as price retrace back into recent 4h Consolidation Zone. I’ll be looking for potential Buys above 2039.000 targeting 4h Rejection formed on Wednesday during New York Stock Exchange session (2044.800) and 1h previous Support formed on Friday last week (Pre NFP) at 2051.400 . I’ll be looking for potential Sells below 2029.300 targeting recent Daily Support at (2025.000) and 4h Support formed on Thursday during the New York session at (2020.300). Sells targets are much smaller than buys simply because of how price rejecting the downside on the Daily timeframe.
OANDA:XAUUSD
by SalimFX20