(Correction) LONG on EUR/USD as order block is now being formedI previously made a post about shorting EUR/USD however if price is to break above the order block I will be looking for longs!
Forex
GBPUSDHello friends
Given the channel breakdown and the good price growth, we can now buy in the support areas during the pullbacks that the price makes, of course with capital and risk management...
*Trade safely with us*
GBPJPYHello friends
Given the good price growth, we can now buy in support areas during pullbacks that the price makes, of course with capital and risk management...
*Trade safely with us*
EURUSDHello friends
Given the good price growth, we can now buy in the support areas during the pullbacks that the price makes, of course with capital management...
*Trade safely with us*
Falling towards 50% Fibonacci support?AUD/USD is falling towards the support level which is an overlap support that lines up with the 50% Fibonacci retracement and could bounce from this level to our take profit.
Entry: 0.6333
Why we like it:
There is an overlap support level that aligns with the 50% Fibonacci retracement.
Stop loss: 0.6298
Why we like it:
There is a pullback support level that lines up with he 78.6% Fibonacci retracement.
Take profit: 0.6401
Why we like it:}
There is a pullback resistance level.
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Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). 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 Everest Fortune Group.
Bearish drop?USD/JPY is reacting off the resistance level which is a pullback resistance that aligns with the 127.2% Fibonacci extension and the 61.8% Fibonacci retracement and could reverse from this level to our take profit.
Entry: 149.44
Why we like it:
There is a pullback resistance level that aligns with the 127.2% Fibonacci extension and the 61.8 Fibonacci retracement.
Stop loss: 150.97
Why we like it:
There is an overlap resistance level that is slightly above the 50% Fibonacci retracement.
Take profit: 147.54
Why we like it:
There is a pullback support level.
Enjoying your TradingView experience? Review us!
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). 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 Everest Fortune Group.
Bearish reversal?USD/CAD is rising towards the resistance level which is a pullback resistance that aligns with the 50% Fibonacci retracement and could reverse from this level to our take profit.
Entry: 1.4366
Why we like it:
There is a pullback resistance level that lines up with the 50% Fibonacci retracement.
Stop loss: 1.4447
Why we like it:}
There is a pullback resistance level.
Take profit: 1.4345
Why we like it:
There is a pullback support level.
Enjoying your TradingView experience? Review us!
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). 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 Everest Fortune Group.
Bullish bounce?USD/CHF is falling towards the support level which is an overlap support that is slightly above the 61.8% Fibonacci retracement and could bounce from this level to our take profit.
Entry: 0.8726
Why we like it:
There is an overlap support level that is slightly above the 61.8% Fibonacci retracement.
Stop loss: 0.8618
Why we like it:
There is a pullback support level that aligns with the 127.2% Fibonacci extension.
Take profit: 0.8851
Why we like it:
There is a pullback resistance level.
Enjoying your TradingView experience? Review us!
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). 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 Everest Fortune Group.
#EURCHF 4HEURCHF (4H Timeframe) Analysis
Market Structure:
The price is currently testing a well-established trendline resistance, which has previously acted as a barrier for upward movement. Sellers have shown strong presence at this level, leading to potential downside pressure.
Forecast:
A sell opportunity may emerge if the price faces rejection at the trendline resistance and forms bearish confirmation. If the resistance holds, the market may continue its downward movement.
Key Levels to Watch:
- Entry Zone: Selling near the trendline resistance after confirmation of rejection.
- Risk Management:
- Stop Loss: Placed above the trendline resistance to minimize risk.
- Take Profit: Target lower support zones or previous swing lows.
Market Sentiment:
If the price remains below the trendline resistance, the bearish outlook stays valid. However, a breakout above this level could shift sentiment toward further bullish movement.
#USDCAD 4HUSDCAD (4H Timeframe) Analysis
Market Structure:
The price is currently trading within a well-defined downtrend channel and has reached the upper boundary, which is acting as strong resistance. Previous price action suggests that sellers have been active at this level, leading to potential bearish pressure.
Forecast:
A sell opportunity may arise if the price fails to break above the channel resistance and shows signs of rejection. If the resistance holds, further downside movement is expected within the channel structure.
Key Levels to Watch:
- Entry Zone: Consider selling near the channel resistance upon confirmation of bearish rejection.
- Risk Management:
- Stop Loss: Placed above the channel resistance to manage risk.
- Take Profit: Target lower levels within the channel, aligning with previous support zones.
Market Sentiment:
As long as the price remains within the downtrend channel and respects the resistance, the bearish trend is likely to continue. However, a breakout above the resistance may shift the market sentiment toward bullish movement.
#XAUUSD #GOLD 4HXAUUSD (4H Timeframe) Analysis
Market Structure:
Gold is currently facing resistance at a descending trendline, which has been limiting upward movement. This trendline has acted as a strong barrier, preventing the price from breaking higher. Sellers are likely to step in at this level, increasing bearish pressure.
Forecast:
A sell opportunity may arise if the price respects the trendline resistance and shows bearish confirmation signals. If the price fails to break above this level, further downside movement can be expected.
Key Levels to Watch:
- Entry Zone: Consider selling near the trendline resistance if the price shows rejection.
- Risk Management:
- Stop Loss: Placed above the trendline resistance to minimize risk.
- Take Profit: Target lower support levels where buyers may step in.
Market Sentiment:
If the trendline resistance remains intact, sellers may dominate the market, leading to a potential downward move. However, a breakout above the resistance could shift sentiment toward a bullish scenario.
GOLD MARKET ANALYSIS AND COMMENTARY - [March 17 - March 21]Last week, the international OANDA:XAUUSD increased sharply, from 2,880 USD/oz to 3,005 USD/oz. Then, profit-taking pressure caused the gold price to drop to 2,978 USD/oz and closed the week at 2,986 USD/oz.
The reason for the sharp increase in gold prices in recent days is that US inflation figures (CPI, PPI) have decreased more sharply than expected, raising expectations that the FED will cut interest rates twice more this year.
In addition, concerns about US public debt have increased as the US Congress is unlikely to pass the Budget Bill, putting the US government at risk of a shutdown.
The FED meeting next week will play an important role in shaping expectations about the FED's interest rate policy. This could be the main driver for gold prices next week, given the inverse correlation between gold and the USD.
However, in recent comments, the FED Chairman has remained cautious about inflationary pressures due to concerns that the Trump administration's tariff policies will fuel inflation in the medium and long term. Therefore, it is possible that the FED Chairman will continue to maintain interest rates at current levels in the next meetings. If so, this will be a shock to gold prices next week, causing gold prices to fall next week.
🕹SOME DATA THAT MAY AFFECT GOLD PRICES NEXT WEEK:
This week is shaping up to be a volatile one for gold, with markets digesting a number of key economic releases.
Central banks continue to dominate the calendar, with the Bank of Japan announcing its interest rate decision on Tuesday, followed by the Federal Reserve on Wednesday and the Swiss National Bank and Bank of England on Thursday.
There are also a number of key US economic data releases, including Retail Sales and the Empire State Manufacturing Index on Monday, Housing Starts and Building Permits on Tuesday. On Thursday, markets will be watching the weekly Unemployment Report, Existing Home Sales and the Philadelphia Fed Manufacturing Survey.
📌Technically, in the short-term perspective on the H1 chart, gold prices next week may maintain their upward momentum to find the 161.8 fibo level around 3035. Or they may temporarily reduce and adjust around the Trendline at 2915.
Notable technical levels are listed below.
Support: 2,977 – 2,956 USD
Resistance: 3,000 – 3,021 USD
SELL XAUUSD PRICE 3036 - 3034⚡️
↠↠ Stoploss 3040
BUY XAUUSD PRICE 2914 - 2916⚡️
↠↠ Stoploss 2910
GOLD surges as geopolitical risks unexpectedly boost gainsOANDA:XAUUSD continued to rise in the short term, with gold prices just hitting a new all-time high of $3,014/oz.
As investors focused on US economic data, which raised concerns about an economic slowdown, and escalating tensions in the Middle East, the precious metal's appeal as a safe haven was highlighted.
Israel Strikes Hamas Targets Across Gaza, Killing Over 200
Israel said it carried out military airstrikes on Hamas targets in the Gaza Strip, a move that risks derailing a fragile ceasefire. Palestinians reported multiple airstrikes by Israel on various areas of the Gaza Strip. Traders were also looking at U.S. retail sales data, which showed a smaller-than-expected increase in February. Falling yields on 10-year U.S. Treasury notes also helped boost non-interest-bearing gold.
Israel has launched a series of airstrikes on the Gaza Strip as a nearly two-month-old ceasefire appeared to be rapidly unraveling, with Prime Minister Benjamin Netanyahu saying his government would “increase its military force” against Hamas.
Palestinians reported Israeli airstrikes in several areas of Gaza on Tuesday morning, and an Israeli statement confirmed the attacks took place across Gaza.
Hamas’ media office said on Tuesday that Israeli airstrikes on the Gaza Strip had killed more than 200 people.
The attack shattered a fragile ceasefire that had been suspended for 15 months in the war ravaging the Gaza Strip. It was the heaviest bombing since a ceasefire brokered by Egypt, Qatar and other countries took effect in January.
Technical Outlook Analysis OANDA:XAUUSD
After reaching and breaking the original price level which is also the bullish price target of 3,000 USD, gold is continuing to aim for the target level behind that, pay attention to readers last week at 3,021 USD in the short term, which is the location of the 0.50% Fibonacci extension level.
Meanwhile, the Relative Strength Index (RSI) is sloping up with a significant slope and has not completely moved above the overbought area, showing that momentum and room for growth is still ahead.
Next, the main trend and outlook remains bullish with price channels and mid- to short-term trend. The main support is seen by the EMA21.
As long as gold remains above the EMA21, it remains technically bullish, the current dips should only be considered as a short-term correction or a buying opportunity.
The following areas of interest will also be noted.
Support: $3,000 – $2,977
Resistance: $3,021 – $3,065
SELL XAUUSD PRICE 3036 - 3034⚡️
↠↠ Stoploss 3040
→Take Profit 1 3028
↨
→Take Profit 2 3022
BUY XAUUSD PRICE 2949 - 2951⚡️
↠↠ Stoploss 2945
→Take Profit 1 2957
↨
→Take Profit 2 2963
EURJPY: Short Trade Explained
EURJPY
- Classic bearish formation
- Our team expects fall
SUGGESTED TRADE:
Swing Trade
Sell EURJPY
Entry Level - 163.40
Sl - 164.88
Tp - 160.33
Our Risk - 1%
Start protection of your profits from lower levels
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
❤️ Please, support our work with like & comment! ❤️
USOILHello friends
Due to the price falling in the identified support area, buyers were able to support the price, but given the weakness of the trend we are witnessing, it seems that sellers have more power...
Now, for the price to rise, the identified resistance must be broken, and for the price to fall, if the support is broken, the price will continue to fall.
*Trade safely with us*
USDJPY: Bearish Continuation & Short Trade
USDJPY
- Classic bearish formation
- Our team expects pullback
SUGGESTED TRADE:
Swing Trade
Short USDJPY
Entry - 149.59
Sl - 150.38
Tp - 148.25
Our Risk - 1%
Start protection of your profits from lower levels
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
❤️ Please, support our work with like & comment! ❤️
EURUSD Bullish Continuation Potential BUY OpportunityThe EUR/USD has been on a strong bullish run, consistently breaking key resistance levels. We have now surpassed major highs, and a potential pullback could be on the horizon. If a retracement occurs, it may present a strategic buying opportunity to align with the prevailing uptrend.
My target remains the resistance zone around 1.10000, where we could see a potential reversal. If bearish signals emerge at that level, a short position might offer a favorable setup.
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EURCHF My Opinion! BUY!
My dear followers,
This is my opinion on the EURCHF next move:
The asset is approaching an important pivot point 0.9588
Bias - Bullish
Technical Indicators: Supper Trend generates a clear long signal while Pivot Point HL is currently determining the overall Bullish trend of the market.
Goal - 0.9605
About Used Indicators:
For more efficient signals, super-trend is used in combination with other indicators like Pivot Points.
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WISH YOU ALL LUCK
GOLD Will Collapse! SELL!
My dear followers,
I analysed this chart on GOLD and concluded the following:
The market is trading on 3025.8 pivot level.
Bias - Bearish
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bearish continuation.
Target - 3011.4
Safe Stop Loss - 3034.8
About Used Indicators:
A super-trend indicator is plotted on either above or below the closing price to signal a buy or sell. The indicator changes color, based on whether or not you should be buying. If the super-trend indicator moves below the closing price, the indicator turns green, and it signals an entry point or points to buy.
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WISH YOU ALL LUCK
USDCAD: Will Start Growing! Here is Why:
The analysis of the USDCAD chart clearly shows us that the pair is finally about to go up due to the rising pressure from the buyers.
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
❤️ Please, support our work with like & comment! ❤️
EURUSD: Market of Sellers
Balance of buyers and sellers on the EURUSD pair, that is best felt when all the timeframes are analyzed properly is shifting in favor of the sellers, therefore is it only natural that we go short on the pair.
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
❤️ Please, support our work with like & comment! ❤️
QQQ My Opinion! SELL!
My dear friends,
My technical analysis for QQQ is below:
The market is trading on 538.12 pivot level.
Bias - Bearish
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bearish continuation.
Target - 527.72
Recommended Stop Loss - 544.30
About Used Indicators:
A pivot point is a technical analysis indicator, or calculations, used to determine the overall trend of the market over different time frames.
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WISH YOU ALL LUCK
APPLE Trading Opportunity! SELL!
My dear subscribers,
This is my opinion on the APPLE next move:
The instrument tests an important psychological level 244.56
Bias - Bearish
Technical Indicators: Supper Trend gives a precise Bearish signal, while Pivot Point HL predicts price changes and potential reversals in the market.
Target - 234.19
My Stop Loss - 250.52
About Used Indicators:
On the subsequent day, trading above the pivot point is thought to indicate ongoing bullish sentiment, while trading below the pivot point indicates bearish sentiment.
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WISH YOU ALL LUCK
