2023.6.21 Daily European Perspective GBP long-short competition2023.6.21 Daily European Perspective
GBPUSD is showing a long-short competition!
Hello, I'm Older Duan. Today is Wednesday, June 21 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 has competed for positions below the daily level 55MA in the last three trading days!
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 once again broke through the daily level 144MA (1936.42 US dollars) yesterday, and today it is engaged in a long short competition near this position! Then, in the following time today, just use this position as an important point in the day for Bitwise operation! 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, yesterday's daily closing of US crude oil showed a larger level of cross star, indicating an intensification of long and short competition! Then, in the following days today, the recent bottom to top golden section of 1.000 ($71.68) will be taken as the important Bitwise operation of 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, the daily closing of the euro against the US dollar showed a larger level of cross star pattern yesterday, indicating an intensification of long short competition! Then, in the future period of this day, take today's opening price (1.09189) 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 showed a long down shadow against yesterday's daily line, and today's daily line is currently showing a long up shadow, which is a sign of the standard relatively high triangle arrangement pattern! So for the continuation period today, just use today's opening price (1.27646) as an important point for 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 Wednesday, as Monday is a legal holiday in the United States, the regular data market has been compressed to tomorrow, so tonight's market will go out of the expected trend! Please pay attention to the risks!
Im Older Duan. Wish you happy win . Goodbye!
EURUSD-2
EURUSD I Correct downward to support Welcome back! Let me know your thoughts in the comments!
** EURUSD Analysis - Listen to video!
We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met.
Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future.
Thanks for your continued support!
2023.6.20 Daily European Perspective USOil is changing!2023.6.20 Daily European Perspective
USOil is changing !
Hello, I'm Older Duan. Today is Tuesday, June 20 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 daily line of the U.S. Dollar Index has closed for three consecutive trading days below the 55MA level of the key multi space watershed daily line!
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, after the highest point of gold yesterday peaked and bottomed out at 2.000 points (1960 US dollars) above the gold split, it fell below the daily level of 21MA (1955.1 US dollars)! Then, the following time today, just use these two positions as the important points in the day Bitwise operation! Above these two positions, bulls dominate; Below these two positions, 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, the daily closing pattern of US crude oil yesterday was a cross star, which is the standard change signal! Then, in the later days of today, the intraday opening price ($71.34) will be taken as the important Bitwise operation! 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, the euro fell slightly against the US dollar yesterday, but overall it remains strong! Then, in the future period of this day, take today's opening price (1.09229) 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 slightly against yesterday, but overall it remains strong! Then in the future, we can use today's opening price (1.27927) as the Bitwise operation of 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 Tuesday, and tomorrow morning, the main contract for US crude oil enters the last trading day on the market! Please pay attention to the risks!
Im Older Duan. Wish you happy win . Goodbye!
EURUSD Technical Analysis and Trade IdeaIn this video, we take a look at the EURUSD currency pair, which has reached a significant resistance level and is currently undergoing a retracement. Throughout the video, we provide an in-depth analysis of price action, the prevailing trend, important support and resistance levels, and present a potential trade idea. It is important to note that the video should not be considered as financial advice.
USDJPY I Slight pullback and continuation of trend +200 pipsWelcome back! Let me know your thoughts in the comments!
** USDJPY Analysis - Listen to video!
We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met.
Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future.
Thanks for your continued support!
2023.6.19 Daily European Perspective the third day of USDX ?2023.6.19 Daily European Perspective
On the third day of the weakest range of USD daily line, US crude oil bulls are weak!
Hello, I'm Older Duan. Today is Monday, June 19 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 daily line of the U.S. Dollar Index has closed below the 55MA level of the key long/short space watershed daily line for two consecutive trading days. Today is the third day!
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 traded at the bottom of the daily level last Friday and today against the 2.000 level ($1960) of the gold split, as well as the 21MA level ($1954. 4) of the daily level, competing for long and short positions! Then, the following time today, just use these two positions as the important points in the day Bitwise operation! Above these two positions, bulls dominate; Below these two positions, 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 was suppressed last Friday and today by the recent bottom up gold price of 1.000 ($71.68), supported by the daily level of 21MA ($70.96)! Then, the following time today, just use these two positions as the important points in the day Bitwise operation! Above these two points, bulls dominate; Below these two points, 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, the daily closing of the euro against the US dollar last Friday showed a cross star pattern, which is a standard trading signal! Then, in the future period of this day, take today's opening price (1.09390) 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 has closed at a positive line for four consecutive days, and may retreat at any time! Then in the future, we can continue the previous high opening price of 1.28283 on April 25, 2022 as an important Bitwise operation of the day! Above this point, bulls dominate; Below this point, 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 Monday, and today is Juneteenth, an American legal Bank holiday! Please pay attention to the risks!
Im Older Duan. Wish you happy win . Goodbye!
EURUSD,XAUUSD,USDCHF,GBPNZD,GBPAUD,EURAUD analysis for next weekI think we will have some USD strength at the beginning of the next week followed by weakness. BEtter to pick only one USD to minimize your risk.
We also might see some AUD weakness next week.
Disclaimer : This is not a financial advice and do your own analysis before trading or investing
🔥 +SL MODIFIED: EURUSD 🔥 SWING TRADE 🔥TP4 @ 1.1085 (closing ALL Buy Orders)
TP3 @ 1.0966 (shaving)
TP2 @ 1.0860 (shaving)
TP1 @ 1.0780 (shaving)
BSO @ 1.0725 📈
BLO @ 1.0690 📈
-SL @ 1.0638 🚫
Jun 13
TOOK PROFIT @ TP1
14 hours ago
WE TOOK PROFIT @ TP1 for a combined net total of +145 pips
WE TOOK PROFIT @ TP2 for a combined net total of +305 pips
2 minutes ago
Modified Stop-Loss (+SL) @ 1.0900 (30m)
EURUSD, H4 | Short term reversal?EURUSD is testing a pullback resistance at 1.0950 - there is a chance that it might reverse from this historically strong level to make a push down towards 1.0890 which is the 23.6% Fibonacci retracement.
Please be advised that the information presented on TradingView is provided to FXCM (‘Company’, ‘we’) by a third-party provider (‘Name of third party provider). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Name of third party provider.
The speaker(s) is neither an employee, agent nor representative of FXCM and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of FXCM or any form of personal or investment advice. FXCM neither endorses nor guarantees offerings of third party speakers, nor is FXCM responsible for the content, veracity or opinions of third-party speakers, presenters or participants.
High Risk Investment Warning
Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you.
Forex Capital Markets Limited (www.fxcm.com):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 71% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
FXCM EU LTD (www.fxcm.com):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
FXCM Australia Pty. Limited (www.fxcm.com): **
Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763), please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com
FXCM Markets LLC (www.fxcm.com):
Losses can exceed deposits.
2023.6.16 Daily European Perspective USDX has plummeted !2023.6.16 Daily European Perspective
USDX has plummeted !
Hello, I'm Older Duan. Today is Friday, June 16 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 down yesterday, breaking through the daily line level of 55MA and the top to bottom golden section of 2.382!
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, after breaking through the daily level of 144MA yesterday, gold rebounded to the 2.000 level (around $1960) of the bottom up gold split! Then, in the following time today, just use this position as an important point in the day for Bitwise operation! 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 surged by $3 yesterday, returning above the integer level of $70. Both today and yesterday's highs are close to the daily level of 21MA ($71.09)! Then, in the following time today, just use this position as an important point in the day for Bitwise operation! 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, European and American currencies rose sharply against each other yesterday, about to test last month's bearish starting point, which is the opening price on May 11, 2023 (1.09820)! Then this position will be used as the Bitwise operation operation of the important point in the day in the future! 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 has hit a new high in recent times! Then in the future, the previous opening price of 1.28283, which was opening price on April 25, 2022, can be used as an important Bitwise operation in the day! Above this point, bulls dominate; Below this point, 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 Friday, weekly line will be cloesd tonight! Please pay attention to the risks!!
Im Older Duan. Wish you happy win . Goodbye!
Swing setup on EU potential 300+ pipsPrice has given us enough signs that it will continue to go up. I'm just waiting for a pullback into discounted areas to look for longs. Those of you who are experienced can also get in on shorts when the 4H is pulling back to make profit with both longs and shorts
EURUSD Top-down analysisHello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
2023.6.15 Daily European Perspective USDX rebounding~2023.6.15 Daily European Perspective
USDX rebounding~
Hello, I'm Older Duan. Today is Thursday, June 15 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 almost stepped back on the daily level of 55MA (102.55) at its lowest point yesterday (102.66), and today it began to rebound!
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 peaked yesterday and recently bottomed out against the 2.000 level of the gold split (around $1960), accelerating its decline today! Then, the daily line 144MA (US $1931) will be taken as the important Bitwise operation in the day later today! 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 4-hour 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 weakened yesterday, and today its highest point has peaked at 0.618 points (around $68.9) above the recent bottom of the gold split, continuing to be weak! Then, in the following time today, just use this position as an important point in the day for Bitwise operation! 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, European and American currencies rose sharply against yesterday, but today they almost completely reversed yesterday's rise! Then in the future, the daily line 144MA (1.07968) will be taken 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 against the US dollar has reached a recent high! Then in the subsequent period of this day, the highest point of 1.26793 on May 10, 2023, which was previously high, can be used as an important Bitwise operation of the day! Above this point, bulls dominate; Below this point, 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, and important data such asEEUR Main Refinancing Rate & EUR Monetary Policy Statement, USD Unemployment Claims & USD Retail Sales m/m, and EUR ECB Press Conference will be released tonight! Please pay attention to the risks!
Im Older Duan. Wish you happy win . Goodbye!
EurUsd -> Reversal CompletedHello Traders,
welcome to this free and educational multi-timeframe technical analysis.
On the weekly timeframe you can see that EurUsd just recently perfectly retested and is now rejecting a quite strong bullish trendline exactly at the $1.07 level.
You can also see that weekly market structure and moving averages are bullish, EurUsd also just once again retested support at the $1.065 level so from a weekly perspective I simply do expect more continuation towards the upside from here.
On the daily timeframe you can see that last week's analysis which is linked below perfectly played out and I am now just waiting for a retest of the neckline of the double bottom at the $1.077 level before I then do expect another impulse towards the upside.
Thank you for watching and I will see you tomorrow!
You can also check out my previous analysis of this asset:
GBPUSD I FOMC trading plan and levels to watch Welcome back! Let me know your thoughts in the comments!
** GBPUSD Analysis - Listen to video!
We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met.
Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future.
Thanks for your continued support!
2023.6.14 Daily European Perspective GOLD is about to test 19302023.6.14 Daily European Perspective
GOLD is about to test 1930 ?
Hello, I'm Older Duan. Today is Wednesday, June 14 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 daily closing line of U.S. Dollar Index returned to below 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 remains relatively weak near the lower edge of the recent oscillation range! Then, in the subsequent period today, we can take today's opening price ($1943.89) as the important point 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 4-hour 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 rebounded upwards yesterday and today, but still did not return above the integer level of $70! Then, in the following time today, we can take the integer pass of $70 as the important point 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, European and American currencies rose and fell against yesterday, still engaging in long short competition near the daily level of 144MA (1.07952)! Then this position will be used as the important point in 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 dollar showed an engulfed bullish line against yesterday's daily line, completely engulfing the previous day's decline! In the future, the opening price (1.26247) on May 11, 2023 will be taken as the important point of the day! Above this point, bulls dominate; Below this point, 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 Wednesday, and tomorrow morning there will be a Federal Reserve interest rate resolution and a speech by Federal Reserve Chairman Powell! Please pay attention to the risks!
Im Older Duan. Wish you happy win . Goodbye!
2023.6.13 Daily European Perspective USDX is weakening again !2023.6.13 Daily European Perspective
USDX is weakening again !
Hello, I'm Older Duan. Today is Tuesday, June 13 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 began to weaken today after reaching its peak of 21MA yesterday and last Friday!
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 has been competing for three consecutive trading days at the bottom of the daily level, near the 2.000 level (1960 US dollars) of the gold split! Then, in the following time today, just use this position as an important point in the day for Bitwise operation! 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 4-hour 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 continued to decline yesterday, reaching the recent bottom and engaging in a long short battle against the gold split's 0.382 level (around $67.1)! Then, in the following time today, just use this position as an important point in the day for Bitwise operation! 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, European and American currencies peaked near the daily line of 144MA (1.07921) yesterday and continued to rise upwards today! Then this position will be used as the Bitwise operation operation of the important point in the day in the future! 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, although the pound US currency closed negative on the daily trading day yesterday, it is still the most powerful among all non US currencies and precious metals in recent times overall! Then, in the subsequent period of this day, the opening price (1.25792) of yesterday will be taken as the Bitwise operation of the important point in the day! Above this point, bulls dominate; Below this point, 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 Tuesday, and tonight there will be a five-star data release for the US CPI! Please pay attention to the risks!
Im Older Duan. Wish you happy win . Goodbye!