Weekly Momentum On Major Pairs (Week 43/2022)
First Thing First: This analysis is for “general overview only” as it is solely based on price action. That’s why it is called momentum analysis in the first place. Support/Resistant, Volume Macro view nor any other factors are not used during write up. Refer to the individual pair analysis for a more comprehensive write up.
XXX/USD: Very Bullish
Gold & Silver: Very Bullish
XXX/JPY: Very Bullish
Stock Indexes: Mixed
BitCoin: Neutral
Forex-gold
GOLDGold, the long-term trend is in a downtrend.
The price is currently in the support zone 1642-1636, there may be a chance of a short-term rebound.
Then consider selling below the 1669 level with targets 1626 and 1615. >>
GooD Luck 😊
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GOLDGold is on the sideway, expecting a short-term rebound. Waiting to buy the red zone, target 1678
simple analysisHello trader,
_ as you can see that the analysis is simple, but it contains the most important things, which are support and resistance, and here you will see the most important thing, which is the fracture towards the bottom, and we have the percentage of selling 70%
_ In the end, this analysis is a simple part of my strategy. Any question, welcome, and do not skimp on me with your support
Weekly Momentum On Major Pairs (Week 36/2022)
First Thing First: This analysis is for “general overview only” as it is solely based on price action. That’s why it is called momentum analysis in the first place. Support/Resistant, Volume Macro view nor any other factors are not used during write up. Refer to the individual pair analysis for a more comprehensive write up.
XXX/USD: Very Bearish
Gold & Silver: Very Bearish
XXX/JPY: Neutral
Stock Indexes: Very Bearish
BitCoin: Neutral
GOLD UPDATEGOLD is looking nice here for a potential intraday long - if you first look on the right at the LTF we can identify how price on the London open took out the floor taking out buyers stops and inducing sells into the market, however price has bounced firmly off the next 4H support zone i believe this move lower today was a trap to engineer liquidity above so the market can make a relief correction. We can also identify the descending trendline on the LTF in which there will be a huge amount of sellers Stops above. Monitoring the LTF for potential entry confirmations AFTER the 4H close.
XAUUSD 30M, Bullish Divergence To 1786XAUUSD 30 Minutes Chart formed Bullish Divergence pattern.
If Bullish Divergence is confirmed then Potential Rebound Retest 1786.
Break Above 1786 then Open The Way To Retest 1807.81.
Break Above 1807.81 then Open The Way To 1828.41.
But
Break Below 1752, Would Cancel Bullish Divergence and Open The Way To Retest 1736.
Break Below 1736 then Open The Way To 1721.70.
GOLD UPDATE GOLD has recently rejected the psychological weekly supply 1800 and made a bearish impulse which broke multiple levels of structure, after an impulse we expect the market to make a retracement and potentially form a new LH formation, we will be monitoring PA on the LTF for long entries from our zone of confluence to capitalise on the retracement move.
Gold XAU/USD (Cautiously Bullish Still)View On Gold XAU/USD (08 Aug 2022)
Gold is no where to the peak of 2022 but it is struggling to bring back a good fight.
I reckon $1,680~$1,730 is a pretty dirt cheap level and we will not see those level anytime again.
Rather, it is on the make some gain toward $1,800 or even $1,830 region.
DYODD, all the best and read the disclaimer too.
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Legal Risk Disclosure:
Trading foreign exchange or CFD on margin carries a high level of risk, and may not be suitable for all investors.
The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience and risk appetite.
The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose.
You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor.
DISCLAIMER:
Any opinions, news, research, analyses, prices or other information discussed in this presentation or linked to from this presentation are provided as general market commentary and do not constitute investment advice.
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What is LEVERAGE in Forex💰
❗️Leverage is a brokerage service that is a loan in the form of cash or securities provided to a trader to secure a transaction. The loan amount may exceed the amount of the trader's deposit by 10, 20, 100 or more times. By analogy with the law of physics, leverage works as a lever, enabling a trader to make deals that he would not be able to with his own funds alone. The maximum leverage on the exchange does not depend on the trader's desire and the broker's capabilities. It is calculated based on the risks established by the clearing center for each asset. For example, if the risk amount for any stock is set at 10%, a trader will be able to trade it with a leverage of 1 to 10. If the risk value is 30%, then it is impossible to get a leverage greater than 1 to 3.
Making transactions on the exchange using leverage is called margin trading. It is the conclusion of purchase and sale transactions using borrowed funds issued against the security of a certain amount, which is called margin. In other words, in order to use the leverage service, you must have a minimum amount on the deposit (set by the broker), which will be the collateral.
The amount of leverage in trading is the ratio of the amount of the trader's own funds to the amount of the transaction (1:100, 1:1000). For example, if this indicator is 1:500, it means that the broker provides a loan amount 499 times higher than the investor's deposit. At the same time, one part of the investor's funds and 499 borrowed funds are used in the transaction.
The word "credit" scares many away, but in fact there is nothing terrible in this concept. Leverage can indeed be called a loan in the usual sense of the word, but the interest on the use of borrowed assets is significantly less than the usual bank. When transferring the positions of the transaction to the next day, a commission is withdrawn from the account in the amount of the difference in the interest rates on the loan and the deposit - the so-called swap, which can be considered an analogue of the fee for using leverage.
The loss on the transaction is deducted from the trader's own funds, if as a result their volume becomes less than the permissible minimum margin value, the broker will send a notification that the money is running out and the bidder needs to either replenish the account or close the position. Such an alert is called a Margin Call. If no action is taken, the transaction will be closed automatically (Stop out).
✅How to trade with leverage
Leverage is a financial instrument that, with a competent approach, allows you to make large transactions and get a good profit even on small deposits. In order to use this tool correctly, follow the simple recommendations:
Focus on your own deposit. Calculate the risks based on the available amount.
It is better to use a small amount of borrowed funds, which will not allow you to lose all the money at once.
With any leverage size, never trade for the entire deposit. Ideally, one operation should account for 1-2% of the deposit amount.
Be sure to set Stop loss levels, this will help reduce risks.
⚠️IMPORTANT! Stop loss is an order that fixes the financial result when the price of the selected instrument reaches a certain level. The Stop loss parameter can be set before opening a position or after. But there is one important point: in a sale transaction, the specified level should be no less than the current price on the market, and in a purchase transaction - no more.
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