Fomcnews
XAUUSD and FOMC Press Conference! Hello Fellow Traders, Here is a Full Updated Analysis on XAUUSD.
BTW, Im still Bearish on Gold :)
The Best way to follow my Analysis is if the following conditions apply.
Conditions -
1. Wait for the Market to Show you some Rejection / Confirmation / Direction
2.Wait for confirmation(Price Action Confirmation Aka . Pinbar , Bullish engulfing / Break of structure Aka Support Or Resistance)
3.Do your Own analysis! (Draw Trend Lines / Support & Resistance Zones / SND )
4.Always Use Risk Management (Risk 1% of your capital)
5.Entry Should be Made on The 4H Timeframe (Only if you have Confirmation)
6.Trade at own risk.
7.Show some support Below (Like , Comment , Follow & share)
Let Me know if you have any Questions or Comments Below
Happy Trading & Goodluck!
See You in the next Analysis!
Global Fx Education
AUD/JPY SELL SIGNALHey tradomaniacs,
welcome to another free trade-plan.
Important:
We are trading ahead the FOMC which begins in 1 hour!
Since the market is very news-driven any statement can CHANGE everything and cause a whipsaw in the market!
Technically we see a fakeout to the upside at a very strong key-resistance.
PLEASE do not enter this setup if you are not willing to trade with a high risk in a volatile market.
Type: Daytrade
Market-Order-Sell: 67,650
Stop-Loss: 68,070
Target 1: 67,210
Target 2: 66,950
Target 3: 66,540
Stop-Loss: 42 pips
Risk: 0,5-1%
Risk-Reward: 3,0
LEAVE A LIKE AND A COMMENT - I appreciate every support! =)
Peace and good trades
Irasor
Wanna see more? Don`t forget to follow me.
Any questions? PM me. :-)
Correct ideaI have made a mistake in analysis of daily movements of usdchf, in low time frames there are repeated symmetrical triangles with minimal compeleted movements of the price! So if the patterns show their support breakout and if we assume that there is an unsuccessful bottom head and shoulder pattern with a successful top head and shoulder, we could say that the price will deeply decrease! i believe in FED reports too!
“Summing up the FOMC meeting: what shall we do with the dollar.”
Yesterday, the Fed expectedly raised the rate by 0.25% (among other things, the eighth rate hike since the US monetary policy vector reversal). That is, there were no negative surprises for the dollar in the form of non-availability of rates, as there were also no frankly positive force majors in the way of raising rates by 0.5%. In this regard, the rather mild reaction of the dollar, in general, is understandable.
But as we have already noted, the devil will be covered in detail. Namely in the comments of the Fed on the future of monetary policy. They will determine the dynamics of the dollar.
To our point of view, comments have been more than aggressive but again, in general, there were expected.
Let's start with the so-called "dot plot" - the plan of the Fed to raise rates. He was quite aggressive before, but after yesterday's the FOMC meeting began to look even more "tough." According to the updated plan, we are waiting for another rate increase in 2018 (this will be the fourth (!) the Fed’s rate hike this year). Besides, the Central Bank plans to increase the rate three more times over the coming year.
As we can see, forecasts are incredibly aggressive, especially amid others key World Central Banks policy, which either hold the rate sustainable (Bank of Japan, ECB) or increase it quite rarely and haphazardly overall (referring to the Bank of England and the Bank of Canada). That is, the differential of interest rates will grow in favor of the dollar. So, the dollar will become more and more attractive to "profit-seekers." Which let us a basis to recommend buying a dollar in the foreign exchange market.
This is supported by the Fed's updated forecasts on the economic growth of the United States. In particular, the outlook for GDP growth was raised, and it was also noted that the labor market situation is stable, and inflation remains near the target level of 2%.
We attribute the results of the FOMC meeting to the dollar. The Fed continues to tighten monetary policy whereas the economy is in excellent shape. All combined, and also in comparison with other developed countries, gives us a reason for recommending for buying the dollar. First of all, this can be done against the euro, as well as the Japanese yen.
Interest rates effect on $BTCUSD from current timeframeWe need to consider Dollar Strengthening with Bitcoin short term prospects.
The U.S. Federal Reserve's Federal Open Market Committee (FOMC) will announce whether the interest rates in the U.S. will increase or remain unchanged tonight
U.S interest rates will see the Dollar (USD) strengthen
Market Consensus:
The consensus in the market is that the FOMC will keep interest rates unchanged at 2.00%. An additional increase in U.S. interest rates is expected before the end of the year if market conditions allow
Bullish Moves
Im not expecting Bulls to break out yet. :( Sorry to say
"Buy Order: Breakout will ONLY occur when 2 Daily candles close above 8400 (Around Green Area ) or moves above 8666 in a single day
above 8400 (Around Green Area ) or above 8666"
If testing 7750 succeeds and candle on the daily charts closes above this line(7750) I will execute one Buy order with tp 8380 and another with Target open for Moon Trade
Stoploss on these two trades will both be 7520 to give a bit of room to breathe
Bearish Market
Im Leaning towards this one.
I have one trade (25%) short with target set at 6000 level, due to the trend seen in the triangle. Stoploss is set at 8666
I'll take one buy order o current level TP at 8350 and I then see another short at 8370 Make these stoplosses tight!
Does US - FOMC News effect USD CryptocurrencyShows strong dollar (sell stop) or weak dollar (buy stop) trades