EU Internal structure BearishUpdate from the analysis I posted a couple weeks back. Currently looking for short trades but nothing long term. Still bullish when it come to the swing structure.
NB: Weekly time frame is bearish and the bullish price action is a weekly pullback. If the weekly internal structure becomes bearish I will communicate
Eurusd-3
2023.8.23 Euro is weaker than other 2023.8.23 Euro is weaker than other
Hello, I'm Older Duan. Today is Wednesday, August 23rd 2023.
Now it's 17pm 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 US dollar index rose slightly yesterday and weakened today. Overall, there is still a long short competition within the community, with the current opening price on July 6, 2023 (103.340) and June 13 (103.620)!
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 continuously strengthening in the past three days! So, for the rest of today, just use the integer level of 1900 US dollars as an important intraday point operation! Above this position, long trading is the main focus; Below this position, short selling is the main focus!
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 has fallen for three consecutive trading days, and is about to once again test the bottom near the 2.000 level (78.9 US dollars) of the gold split! So, for the rest of today, just use this website as an important point for daily operations! Above this position, long trading is the main focus; Below this position, short selling is the main focus!
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 hit a recent low against the US dollar yesterday, reaching the pre peak bullish starting point, which is below the opening price of July 6, 2023 (1.08551)! So for the continuation period today, just use this position as an important point for operation during the day! Above this position, long trading is the main focus; Below this position, short selling is the main focus!
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 GBP/USD yesterday tested the daily level 55 moving average (1.27971) and then fell back near the daily level 21 moving average (1.27347)! So for the continuation period today, we can continue to use the daily level 21 moving average (1.27347) as an important point for the day! Above this position, long trading is the main focus; Below this position, short selling is the main focus!
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 there is EIA inventory data for US crude oil tonight. Please pay attention to the risks!
Im Older Duan. Wish you happy win . Goodbye!
EURUSD Technical Analysis and Trade IdeaThe EURUSD has exhibited a bearish trend over an extended period. As we approach high-impact calendar events today that hold the potential to sway the euro's performance, an uptick in market volatility is anticipated. I am actively identifying potential entry levels, and my attention is fixed on a critical resistance threshold. If today's events result in negative data, there's a likelihood of witnessing an upward liquidity sweep towards the resistance level outlined in the video, offering a potential selling opportunity. It's important to note that all details are explained in the video; however, this content should not be misconstrued as financial advice.
🔔 Bulls can regain 1.09 before Bear continuation Bull market structure has flipped bullish early in the week.
0:0 Monthly Timeframe
1:42 Weekly timeframe
3:22 Daily timeframe
5:04 4hr timeframe
7:30 Bearish Channel from last week
9:07 1hr timeframe
The Market can do anything and it is always right. With that said, it's still okay to create a forecast. Looking at the way price respected 1.0853 Daily support level during Friday's NY session gives confidence for a relief rally. Also Friday's daily range was small compared to the rest of the week & it closed as a Doji. These are confluences and I'm using this critical thinking to arrive at possible scenario. If price fails to make it past 1.0883 1Hr resistance zone then we will likely retreat towards 1.0869 where there are (2) 1hr support zones. Otherwise I'm anticipating an early in the week push towards 1.089 4hr resistance zone and 1.09 which was weekly support level. 1.09 may now act as a weekly resistance zone since the weekly candle last week just closed below it. it may facilitate a selloff with this new week down to our next weekly support level 1.07
EURUSD Top-down analysis todayHello 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.
A Sell for the EURUSDThe EURUSD has exhibited an upward trend, likely influenced by a slight decline in the Dollar, possibly linked to the ongoing Jackson Hole Symposium, which holds significance for various markets awaiting insights from FED Chair Jerome Powell. When considering both fundamental and technical perspectives, our stance remains bullish on the dollar, unless there is a shift in the underlying fundamentals. The Dollar's moderation led the EUR to approach a notable supply zone around 1.09300.
Interestingly, referring to yesterday's analysis, the market displayed a favorable response near 1.09150. However, a closer examination revealed that the market did not experience a substantial breakdown in its structure towards the downside. Consequently, it swiftly reversed its course, ascending towards the 1.09300 mark. Anticipating the market's trajectory, I find the only potential concern was the demand zone situated around the 1.087 level. Yet, I am confident that this demand has been effectively depleted. Furthermore, a noticeable volume of liquidity exists on the downward side. As a result, my expectation is for the market to trend downward, approaching the 1.084 range.
2023.8.22 US dollar weakens2023.8.22 US dollar weakens
Hello, I'm Older Duan. Today is Tuesday, August 22nd 2023.
Now it's 17pm 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 US dollar index is still engaged in long short competition within the community. The current community is the opening price on July 6, 2023 (103.340) and June 13 (103.620), which is weak today!
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 yesterday broke through the pressure of the recent bottom against the 1.618 level of the gold split, which was also the lowest point on June 29, 2023 ($1892.87). Today, it confirmed and strengthened! So, for the rest of today, just continue to use this position as an important point during the day! Above this position, long trading is the main focus; Below this position, short selling is the main focus!
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 yesterday broke through the daily level 21 moving average and was very close to the 2.382 position on the bottom of the graph, before falling significantly! So, for the rest of today, just use today's opening price (80.029 US dollars) as an important point for intraday operations! Above this position, long trading is the main focus; Below this position, short selling is the main focus!
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 strengthened against the US dollar yesterday and today as a whole, approaching the daily level 21 moving average (1.09456)! So for the continuation period today, just use this position as an important point for operation during the day! Above this position, long trading is the main focus; Below this position, short selling is the main focus!
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 broke the daily level 21 moving average (1.27423) against the US dollar yesterday, and the daily closing line is above it. Today, it is about to challenge the daily level 55 moving average (1.27984)! So for the continuation period today, just continue to use this position as an important point for the day! Above this position, long trading is the main focus; Below this position, short selling is the main focus!
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 US crude oil will enter its final trading day on the market, with a possibility of a tight market situation. Please pay attention to the risks!
Im Older Duan. Wish you happy win . Goodbye!
2023.8.21 Two cross stars for daily USD2023.8.21 Two cross stars for daily USD
Hello, I'm Older Duan. Today is Monday, August 21st 2023.
Now it's 17pm 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 US dollar index has been engaged in a long short competition in the past two trading days within the neighborhood. The current neighborhood is the opening price on July 6, 2023 (103.340) and the opening price on June 13 (103.620)!
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 suppressed for three consecutive trading days by the 1.618 level of the gold split at the bottom, which is also the lowest point on June 29, 2023 (1892.87 US dollars)! So, for the rest of today, just continue to use this position as an important point during the day! Above this position, long trading is the main focus; Below this position, short selling is the main focus!
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 highest click through of US crude oil today broke the daily level 21 moving average ($81.350)! So, for the rest of today, just use this position as an important point during the day! Above this position, long trading is the main focus; Below this position, short selling is the main focus!
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/US dollar has been engaged in a long short battle for 5 consecutive trading days near the bottom of the gold split at 2.382 (1.08730)! So for the continuation period today, just use this position as an important point for operation during the day! Above this position, long trading is the main focus; Below this position, short selling is the main focus!
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 was suppressed by the daily level 21 moving average (1.27441) for four consecutive trading days against the US dollar! So for the continuation period today, just continue to use this position as an important point for the day! Above this position, long trading is the main focus; Below this position, short selling is the main focus!
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 there is a high probability that non US currencies and precious metals will engage in unilateral trading. Please pay attention to the risks!
Im Older Duan. Wish you happy win . Goodbye!
All moves to the upside are --> Relief Rallies? 🤨Market sentiment people, that's what we are trading at this point.
0:0 Monthly timeframe
2:05 weekly timeframe
3:30 Daily timeframe
5:50 4hr timeframe
9:11 1hr timeframe
11:40 recap of recent trade
Combining technicals and fundamentals. Technicals clued us in the last few days of July. Fundamentals confirmed out thoughts on Aug 10th. The market is trending to the downside. Do you think we have more to give? Probabilities are there but you can be right and still lose. Waiting on confirmation after a retracement to 1.09 weekly level would be most ideal but we might just drop without a retest. I think it's possible that we can probe further into the daily support zone at 1.0853
Critical thinking and rational has helped me be on the right side since late July. Check the publishing linked below from July 31st.
2023.8.18 Bulls of USD need to rest2023.8.18 Bulls of USD need to rest
Hello, I'm Older Duan. Today is Friday, August 18th 2023.
Now it's 17pm 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 pattern of the US dollar index showed a long downward shadow yesterday, indicating that bulls need to rest!
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, the gold daily chart yesterday showed a long cross star with up and down shadows, which is the standard change signal! So, for the rest of today, we will continue to operate at the lowest point on June 29, 2023 (1892.87 US dollars) as an important intraday point! Above this position, long trading is the main focus; Below this position, short selling is the main focus!
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 highest point of US crude oil yesterday hit the opening price of the day before yesterday (80.603 US dollars), and then the increase narrowed. Today, we continue to test the upward pressure! So, for the rest of today, just use this position as an important point during the day! Above this position, long trading is the main focus; Below this position, short selling is the main focus!
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 trend of the euro against the US dollar yesterday was exactly opposite to the US dollar index, and today, there is still a long short battle around the bottom of the gold split at 2.382 (1.08730)! So for the continuation period today, just use this position as an important point for operation during the day! Above this position, long trading is the main focus; Below this position, short selling is the main focus!
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 broke through the daily level 21 moving average (1.27549) against the US dollar yesterday and today, and is about to break through the upward trend! So for the continuation period today, just continue to use this position as an important point for the day! Above this position, long trading is the main focus; Below this position, short selling is the main focus!
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, and the weekly line will be closed tonight. Please pay attention to the risks!
Im Older Duan. Wish you happy win . Goodbye!
EURUSD Technical Analysis and Trade IdeaThis video provides a quick analysis of the EURUSD. The currency pair has been experiencing a notable downward trend marked by considerable momentum. Throughout the video, we discuss the trend, support and resistance levels, price action, market structure, and a potential trade opportunity. It's important to emphasize that this content is strictly intended for educational purposes and should not be interpreted as financial advice.
2023.8.17 GBPUSD has clearly strengthened2023.8.17 GBPUSD has clearly strengthened
Hello, I'm Older Duan. Today is Thursday, August 17th 2023.
Now it's 17pm 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 US dollar index has closed at a positive line for 5 consecutive trading days, breaking the strong pressure level of July 6, 2023 opening price (103.34), and the next small pressure level is 103.62!
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 broke through its low of $1892.87 two months ago yesterday and strengthened today! So, for the rest of today, we will continue to operate at the lowest point on June 29, 2023 (1892.87 US dollars) as an important intraday point! Above this position, long trading is the main focus; Below this position, short selling is the main focus!
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 plummeted yesterday, with the daily closing line below the recent bottom of 2.000 level ($79) above the gold split. Today, it strengthened and returned to above this level! So, for the rest of today, just use this position as an important point during the day! Above this position, long trading is the main focus; Below this position, short selling is the main focus!
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 continued to weaken against the US dollar yesterday and has already broken through the daily level of 165MA (1.08634) today! So for the continuation period today, just use this position as an important point for operation during the day! Above this position, long trading is the main focus; Below this position, short selling is the main focus!
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 dollar is significantly stronger than other varieties, with yesterday's high of pound against the dollar hitting the daily level 21 moving average (1.27622)! So for the continuation period today, just continue to use this position as an important point for the day! Above this position, long trading is the main focus; Below this position, short selling is the main focus!
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 the weekly line will be closed tomorrow. Please pay attention to the risks!
Im Older Duan. Wish you happy win . Goodbye!
Eurusd : Bullish USD data and Inflation Fears 🛫 Hello everyone. Switching things up today with a in-depth look into recent sentiment and my thoughts on the last 5 bearish weekly candles on EURUSD.
A mix of Bullish USD data and the fact that inflation looms above all of our heads has caused market participants to flock into the Safe haven USD.
What are your thoughts on this decrease of EURUSD back into the range that EU has been stuck in since January? Thanks for joining me for another analysis and reading this far. See you in the next analysis!
No 😵 not flat over the past 24 Hours Eurusd? Eurusd fav prices, fundamentals breakdown, and looking forward
0:0 Monthly Timeframe
1:25 Weekly timeframe
2:32 Daily timeframe
4:36 4hr timeframe
7:50 FOMC meeting minutes during upcoming NY
8:49 1hr timeframe
9:30 Retails sales data from today
Price bounced from weekly support +40 Pips as expected, looking for more accumulation in next 5 trading days
Ohh gosh, I don't want to overthink this one. I'm afraid it may turn out to be the case.. We have retraced back to our weekly support level 1.09 and are unchanged over the past 24 hours. The daily candle has pulled all the way back down and closed bearish, the 2nd bearish close this week after the strong selloff on Monday. The Daily candle also retested the bottom of structure from the range we observed over the first 2 weeks of August. The monthly candle is pulling down and we've been doing so since Interest rates during the final week of July. The Weekly timeframe has so far completed our fakeout concept from 1.1025 down to 1.09. The question is will we see this fakeout continue it's way down to the next weekly zone(and also monthly zone) 1.07?
Just follow the system though and have no worries. Nothing is achieved with worry, but suffering. Trust in thy system and experience and gold shall line thy pocket in due time. Safe trading everyone , cheers
EURUSD H4 | Potential bullish reversal?EURUSD is falling towards the buy entry at 1.08742 which is a recent swing-low and could potentially reverse from this level to bounce higher.
Stop loss is at 1.08388 which is an overlap support level that aligns with the 61.8% Fibonacci projection level.
Take profit is at 1.09432 which is an overlap resistance that aligns with the 38.2% Fibonacci retracement level.
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2023.8.16 GBPUSD tests pressure2023.8.16 GBPUSD tests pressure
Hello, I'm Older Duan. Today is Wednesday, August 16th 2023.
Now it's 17pm 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 US dollar index continued to strengthen after hitting the daily level 165 moving average at its lowest point yesterday. It has been closing above the important moving average concentration range for three consecutive trading days, fully opening up the upside space!
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 closing below the daily average of 233 ($1909.07) for two consecutive trading days, with a probability of continuing to weaken! So, for the rest of today, just use the lowest point on June 29, 2023 (1892.87 US dollars) as the important intraday point to operate! Above this position, long trading is the main focus; Below this position, short selling is the main focus!
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 was below the daily level of 21MA ($81.156), opening up space below! So, for the rest of today, just use this position as an important point during the day! Above this position, long trading is the main focus; Below this position, short selling is the main focus!
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 hit the daily 144 moving average (1.08913) at its lowest point against the US dollar yesterday and today! So for the continuation period today, just use this position as an important point for operation during the day! Above this position, long trading is the main focus; Below this position, short selling is the main focus!
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 rose and fell against the US dollar yesterday, and continued to strengthen today. It is about to test the daily level 21 moving average (1.27662)! So for the continuation period today, just continue to use this position as an important point for the day! Above this position, long trading is the main focus; Below this position, short selling is the main focus!
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 tonight FOMC will release the minutes of its monetary policy meeting. Please pay attention to the risks!
Im Older Duan. Wish you happy win . Goodbye!
Sellers Beware 🖾 Weekly Demand Level [1.09] ↗️I care about where candles close! 😂
0:0 Monthly timeframe
0:53 Weekly timeframe
3:47 Retail Sales & Manufacturing data
4:31 Daily timeframe
6:29 4hr timeframe
9:22 1Hr timeframe
9:40 Bias
12:14 be flexible
I pay attention to where candles close. Yes, it is important, because this is the concept that really validates any data collection during backtesting. No indicators needed, just paying attention to how candles close relative to our key zones AKA levels. 1.09 is a key area for us. Thus far, we have done an impressive job of closing above 1.09. As long as we stay within a vicinity of 1.09, my bias this week and the next will remain bullish. I like support and resistance bounces as it's a fundamental part of my system.
2023.8.15 USD is waiting for the guidance of retail sales 2023.8.15 USD is waiting for the guidance of retail sales
Hello, I'm Older Duan. Today is Tuesday, August 15th 2023.
Now it's 17pm 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 US dollar index rose slightly yesterday and then fell. Today, it is bearish and weak, waiting for the guidance of monthly retail sales rates in the United States in the evening!
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 below the daily 233 moving average ($1909.07) yesterday, and the downside space has opened up again. The latest support is the integer level of $1900! So, for the rest of today, we will continue to operate at the daily level 233 moving average ($1909.07) as an important intraday point! Above this position, long trading is the main focus; Below this position, short selling is the main focus!
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 continued to decline yesterday, and today there is a long short battle near the bottom of the daily level against the gold split of 2.382 ($81.96)! So, for the rest of today, just use this position as an important point during the day! Above this position, long trading is the main focus; Below this position, short selling is the main focus!
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 hit its lowest point against the US dollar yesterday, hitting the bottom of the gold split at 2.382 (1.08735), and rose slightly today! So for the continuation period today, just use today's opening price (1.09070) as an important point for the day! Above this position, long trading is the main focus; Below this position, short selling is the main focus!
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 GBP/USD daily closing line showed a long downward shadow yesterday, and today it is still at the bottom of the daily level against the 2.000 level of the golden section, which is also the highest point on May 10, 2023 (1.26793), and there is a long short competition nearby! So for the continuation period today, just continue to use this position as an important point for the day! Above this position, long trading is the main focus; Below this position, short selling is the main focus!
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 is "horror data" on the monthly retail sales rate in the United States for July. Please be aware of the risks.
Im Older Duan. Wish you happy win . Goodbye!
2023.8.14 The upward space for USD has opened up2023.8.14 The upward space for USD has opened up
Hello, I'm Older Duan. Today is Monday, August 14th 2023.
Now it's 17pm 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, USDX has arrived at the top of the daily average density range and are about to challenge the next strong pressure: the opening price on July 6, 2023 is 103.340!
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, the lowest point of gold today is very close to the daily level 233 moving average ($1908.49)! So, for the rest of today, just use the daily level 233 moving average ($1908.49) as an important intraday point to operate! Above this position, long trading is the main focus; Below this position, short selling is the main focus!
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 closed in a cross star pattern on Friday's daily line, breaking through the recent bottom up gold split of 2.382 ($81.96) today! So, for the rest of today, just use this position as an important point during the day! Above this position, long trading is the main focus; Below this position, short selling is the main focus!
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 EUR/USD broke the lower limit last Friday, and the daily closing line was clearly below the daily level long short divide 55 moving average (1.09872), opening up space for the lower limit! So for the continuation period today, just use today's opening price (1.09424) as an important point for the day! Above this position, long trading is the main focus; Below this position, short selling is the main focus!
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 GBP/USD is still at the bottom of the daily level against the 2.000 level of the Golden Divide, which is also the highest point on May 10, 2023 (1.26793), and there is a long short competition nearby! So for the continuation period today, just continue to use this position as an important point for the day! Above this position, long trading is the main focus; Below this position, short selling is the main focus!
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 tomorrow night there will be "horror data" on the monthly retail sales rate in the United States for July. Please be aware of the risks.
Im Older Duan. Wish you happy win . Goodbye!