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GoldViewFX - Weekly Chart Gold Projection.Hey Everyone, Please see our weekly chart update which is already playing out as projected. The last update last week is still valid and therefore please review the details below to get upto date. So far we have hit the first part of the analysis highlighted last week, which was the ema5 detachment above that was hit perfectly. LAST UPDATE Hey Everyone, Please see our new updated weekly chart levels and targets. We have also updated our Goldturn ascending channel, which is being respected and highlights a clear long term bullish trend. However, we are seeing price now cross below the channel half-line leaving room for a test to the channel bottom. 1894 Goldturn is providing support, with a clear rejection. Although there's still room for that full test to complete the channel bottom, we also have a EMA5 detachment above, highlighted with the blue circle that will magnetise the new weekly candle this week, also very close to the 1954 AXIS target level. Chart look bearish short term with a long term bullish outlook, as the short term target areas have potential for a nice bounce up. As always, we will keep you all updated with regular updates throughout the week and how we manage the active ideas and setups. Please don't forget to like, comment and follow to support us, we really appreciate it! GoldViewFX XAUUSD TOP AUTHOR
OANDA:XAUUSD
by Goldviewfx
5
BluetonaFX - Forex Weekly RecapHi Traders! Forex Weekly Recap for 03–07 July, 2023: Fundamentals European Central Bank (ECB) member Nagel said that inflation is not reducing as quickly as they would like it to, but he is confident that a hard landing can be avoided. He also mentioned that they still have a long way to go with policy tightening and that the euro system's balance sheet should be significantly reduced in the coming years. The Reserve Bank of Australia (RBA) left the cash rate unchanged at 4.10%, as expected. They mentioned that higher rates are working to establish a more sustainable balance between supply and demand in the economy and will continue to do so. They decided to hold interest rates to assess the impact of rate hikes to date and the economic data. They also mentioned that some further tightening of monetary policy may be required and that the central bank is still determined to return inflation to target and will do what is necessary to achieve it. The Federal Open Market Committee (FOMC) Minutes showed that some participants favoured a 25 basis point interest rate hike, noting the tight labour market and stronger economic momentum in the US. They noted that a mild recession in the US is likely later this year. Almost all participants stated that upside risks to inflation might become unanchored. Bank of Japan (BoJ) Deputy Governor Uchida said that they will maintain Yield Curve Control to help continue easy monetary conditions, as the risk of missing the chance to hit 2% inflation with an earlier policy shift is more crucial than being late in tightening monetary policy. Bank of England (BoE) Governor Bailey mentioned that there is evidence that some retailers are overcharging customers and that the moves by regulators on retail prices will help to lower inflation. He also mentioned that it was not possible for him to confirm a date for when UK interest rates would start to come down. ECB President Lagarde mentioned that the central bank still has work to do to bring inflation back down to their target and that their main priority is to maintain price stability. She also mentioned that inflation has started to decline, but it is still higher than their 2% target. Key Data US ISM Manufacturing PMI came in worse at 46.0 vs. 47.0 expected and 46.9 prior. US June ADP employment came in better at 497K vs. 228K expected and 278K prior. This was the largest increase since February 2022. US Initial Jobless Claims came in worse at 248K, an increase vs. 245K expected. The US ISM Services PMI came in better at 53.9 vs. 51.0 expected and 50.3 prior. US Job Openings in May came in worse at 9.824 million vs. 9.935 million expected. The US Nonfarm Payroll (NFP) came in worse at 209K vs. 225K expected and 339K prior. The unemployment rate came in at the expected 3.6%, and 3.7% prior. Technicals  Due to the weak NFP and Intial Jobless Claims data out from the US this week, the US dollar's counterparts have strengthened as the US economy showed some fragility. AUDUSD 1W Chart There is a bullish bias on the AUDUSD weekly chart; there is an ascending triangle forming on the chart, and if the bullish momentum continues, there is a resistance target at 0.68999. USDJPY 1W Chart USDJPY has pulled back from the 145 level and, due to current weakness in the US economy, may be heading to the 140 level. Below 140, there is also support around the 138 area, which is the area where we had the triangle break. EURUSD 1W Chart EURUSD is heading back towards the 1.10000 level for a retest of the original pullback at that level last month. If 1.10000 gets broken, then there is another key resistance level at 1.10956. GBPUSD 1W Chart GBPUSD is currently near June 2023's high at 1.28486. A break above this level, and there is a likely target of the psychological level at 1.30000. We will be back with another Forex Weekly Recap report next week. Best of luck for the trading week ahead. Trade safely and responsibly. BluetonaFX
by BluetonaFX
GoldViewFX -END OF DAY/WEEK UPDATEHey Everyone, PIPTASTIC finish to the week with another great trading day. Yesterday we stated that if price breaks the channel half line we will see another test to the channel top - This played out perfectly with the channel half line cross and lock opening the channel top for a re-test, which was hit perfectly. Our plan to buy from dips once again was executed to perfection catching another ride up from the bottom to the top. We will now come back Sunday with our multi timeframe analysis and trading plans for the coming week. Please don't forget to like, comment and follow to support us, we really appreciate it. Have a great weekend everyone! GoldViewFX XAUUSD TOP AUTHOR
OANDA:XAUUSD
by Goldviewfx
13
BluetonaFX - EURUSD USDJPY NFP Multi-chart AnalysisHi Traders! The Nonfarm Payroll (NFP) announcement came in at 205K, which was weaker than the expected number of 225K, and the markets have reacted quite strongly to the news. This could be a possible reversal of the bullish trend we have seen for the US dollar, and it will be very interesting to see what the Federal Reserve and other finance officials say about this. On both charts below, we can see the stark contrast in price action between EURUSD and USDJPY. Both products on the 1H chart had a trendline break with huge momentum; we have highlighted this on the volume indicator. EURUSD is now extremely bullish and is targeting the psychological level of 1.10000. USDJPY is now bearish, and we are now looking at a possible break below the 142 level and even 140. This all depends on what the Federal Reserve says in reaction to the weak data and if they hike interest rates at their next interest rate decision announcement. Please do not forget to like, comment and follow. Thank you for your support. BluetonaFX
by BluetonaFX
GoldViewFX - Market UPDATEHey Everyone, Another great trading day for us with our levels being respected and playing out as analysed. We finished off yesterday highlighting the rejection on the channel top and then possible support on the channel half line. This played out as expected with the half line providing the support for a nice bounce that allowed us to capture a clean 50 pips. We then saw price break below the half-line after the news release into the retracement range, which also provided a nice bounce back into challenging the channel half line again. Price is tracking within the Goldturn channel and levels are being respected. If price breaks above the channel half line again, we should see another test to the channel top. Failure to cross the half-line and we will see another test to the retracement range. A break below the retracement range will open the swing range. NFP tomorrow so we are expecting swings and need to manage risk accordingly when tracking the moves level to level. Our levels are very much active and still in play and therefore can expect price reaction to each level test. As always, we will keep you all updated with regular updates throughout the week and how we manage the active ideas and setups. Please don't forget to like, comment and follow to support us, we really appreciate it! GoldViewFX XAUUSD TOP AUTHOR
OANDA:XAUUSD
by Goldviewfx
6
GoldViewFX - 4H CHART MARKET UPDATEHey Everyone, Our 4h chart idea is playing out as analysed. We got a nice push up with a test to the channel top, which was respected to the tee and followed with a perfect rejection. Our Goldturn channels are unique to us and no one in the industry uses them like us. We are now seeing price drop back into the channel half-line to look for support. If the channel half-line holds, as suport, we are likely to see another push up. Our long term projection still remains Bullish. However, we are expecting swings due to a volatile week on the calendar. We will use the swings to our advantage and use our levels to buy dips. As always, we will keep you all updated with regular updates throughout the week and how we manage the active ideas and setups. Please don't forget to like, comment and follow to support us, we really appreciate it! GoldViewFX XAUUSD TOP AUTHOR
OANDA:XAUUSD
by Goldviewfx
17
BluetonaFX - GBPUSD Market UpdateHi Traders! GBPUSD seems to be currently content trading in the 1.27000 area. The price action on the 4H chart indicates possible nervousness or uncertainty from traders. There was a recent failed breakout above the bull flag with a downward trend in recent trading volumes to confirm any lack of momentum in the markets, so we are not expecting any big market moves for now. Activity may pick up later today with the release of FOMC meeting minutes. Until then, if you have any open positions or are looking to take any positions due to the lack of volume in the markets, please trade carefully. Please remember to like, comment, and follow us, as your support greatly helps us. Thank you for your support. BluetonaFX 
by BluetonaFX
2
GoldViewFX - MARKET UPDATEHey Everyone, We had a piptastic start to the week and month with our chart idea playing out perfectly. We got the rejection first at 1920 followed with the drop into the retracement range, as analysed. The retracement range gave the perfect bounce, as expected hitting bullish targets 1920, 1925 and 1931 for the perfect exit. We have a structure resistance left at 1938, which we will not target directly unless we have a EMA5 or candle body close lock above 1931. We will continue with our plans to buy from dips using our levels and EMA5 cross and lock to confirm level to level movement. Our long term projection still remains Bullish. BULLISH TARGETS 1920 - DONE EMA5 CROSS AND LOCK ABOVE 1920 WILL OPEN THE FOLLOWING BULLISH TARGETS 1925 - DONE 1931 - DONE 1938 - DONE BEARISH TARGETS 1911 - DONE EMA5 CROSS AND LOCK BELOW 1911 WILL OPEN THE SWING RANGE SWING RANGE 1895 As always, we will keep you all updated with regular updates throughout the week and how we manage the active ideas and setups. Please don't forget to like, comment and follow to support us, we really appreciate it! GoldViewFX XAUUSD TOP AUTHOR
OANDA:XAUUSD
by Goldviewfx
12
BluetonaFX - EURUSD Descending Triangle OpportunityHi Traders! There is a descending triangle opportunity forming on the EURUSD 4H chart. The price action is showing lower highs and lower lows, which shows that the bears are currently driving the market to the downside. There is support at 1.08354; there was a previous double bottom at this level, so we are looking for a momentum break and a close below this level. If we get this, we have highlighted the target area on the chart. The target area is 1.08005–1.07925. Please remember to like, comment, and follow us, as your support greatly helps us. Thank you for your support. BluetonaFX 
by BluetonaFX
2
BluetonaFX - Forex Weekly RecapHi Traders! Forex Weekly Recap for 26–30 June, 2023: Fundamentals This week was light on the data side, but there were several announcements from central bank members and finance officials. Japan’s top currency diplomat, Kanda, commented on the recent Japanese yen depreciation and noted that they will respond to excessive FX moves. In fact, he added that it’s the pace of moves that they're more focused on instead of the levels. Later on, Japan’s Finance Minister, Suzuki, confirmed that they would respond appropriately if there were excessive moves. To note, the 145.00–150.00 area in USDJPY is where we started to see interventions last year. European Central Bank (ECB) President Lagarde said that they are committed to reaching the inflation target no matter what and that there is still some way to go. She added that they need to bring rates to a sufficiently restrictive territory and stay there for as long as necessary. She acknowledged that they have not yet seen the full impact of rate hikes since July of last year. That being said, she confirmed that another interest rate hike in July 2023 is likely. She added that the European economy is "stagnant at best," but their baseline does not include a recession. For the September interest rate hike decision, it will be data dependent. Bank of England (BOE) member Dhingra said that UK wages are responding to inflation with a lag and that the sharp drop in the Purchasing Price Index (PPI) is promising as the Consumer Price Index (CPI) follows the PPI with a lag of around one to two quarters. She noted that food prices, especially, is where the inflation remains most stubborn. Federal Reserve member Powell said that they believe there is more restrictive policy coming because, if you look at the data over the last quarter, jobs, inflation, and activity are all strong. He noted that they have not made a decision to hike at every other meeting. He concluded that they need to see more softening in the labour market and that the services sector is not particularly interest-rate sensitive. Key Data The German IFO Business Climate Index printed at 88.4 vs. 90.7 expected, with the expectations index diving to 83.6 vs. 88.0 expected.  US Durable Goods Orders for May were better than expected at 1.7% vs. -1.0% expected. Core Durable Goods Orders were better than expected, at 0.6% vs. -0.1% expected. Australia's CPI Y/Y was at 5.6% vs. 6.1% expected and 6.8% prior, with the M/M figure coming at 0.0% vs. 0.3% prior. Core CPI Y/Y slowed to just 6.4% vs. 6.5% prior. The Australian dollar weakened following the news.  The US Q1 Final GDP was 2.0% vs. 1.4% expected and 1.3% preliminary. Consumer spending growth accelerated more than expected at 4.2%, which is the strongest in almost two years. The US dollar strengthened on the news. The US Initial Jobless Claims were stronger than expected, at 239K vs. 265K expected. UK Q1 Final GDP came in at 0.1%, as expected. Eurozone CPI Y/Y came in at 5.5% vs. 5.6% expected and 6.1% prior, while the M/M reading was at 0.3% vs. 0.0% expected and 0.0% prior. The unemployment rate remained unchanged at 6.5%. Technicals  The technical price action this week showed a lot of indecision, with either traders being uncertain, or a complete standoff between buyers and sellers. AUDUSD 1W Chart A spinning top candle has formed on the chart, which shows indecision. That being said, there is a slight bearish bias as we look to be approaching the long term support level at 0.64583, which is May 2023's low. A descending triangle pattern seems to also be forming to support our bearish bias. USDJPY 1W Chart Another bullish week for the US dollar against the yen We are near critical levels for the Yen. We had a momentum swing to break the 144 barrier and breached 145 briefly before a slight pullback to end the week near the mid-144 range. EURUSD 1W Chart An indecisive week for EURUSD, with a spinning top candle showing the indecision, though there was a strong bull push to the end of the week. There may be a possible retest of the long-term resistance at 1.10956. GBPUSD 1W Chart An indecisive week also for GBPUSD with a spinning top candle. Although there was a strong finish to the week by closing back above the 13-month resistance level re-test at 1.26670, additionally, an ascending price channel has formed. We will be back with another Forex Weekly Recap report next week. Best of luck for the trading week ahead. Trade safely and responsibly. BluetonaFX
by BluetonaFX
2
GoldViewFX - Market UPDATEHey Everyone, We finish off the week with all our targets hits. The swing range provided the swing we expected for a nice push up from 1895 to 1919 for a perfect finish. True level to level trading. We will now come back Sunday with our updated multi timeframe analysis and trading plans for the coming week BULLISH TARGETS 1925 - DONE 1931 - DONE EMA5 CROSS AND LOCK ABOVE 1931 WILL OPEN 1938, 1944 AND 1950 BEARISH TARGETS 1919 - DONE 1912 - DONE EMA5 CROSS AND LOCK BELOW 1912 WILL OPEN THE SWING RANGE SWING RANGE 1895 - DONE Hope you all have a great weekend with your family and loved ones. Please don't forget to like, comment and follow to support us, we really appreciate it! GoldViewFX XAUUSD TOP AUTHOR
OANDA:XAUUSD
by Goldviewfx
BluetonaFX - GBPUSD Bear Flag FULFILLED!Hi Traders! Our bear flag opportunity from earlier today (LINK TO ORIGINAL IDEA BELOW) worked out perfectly and fulfilled our idea. There was a rally up to the channel resistance, then the bearish momentum came in, and we had a big swing to the downside to break and close below 1.26066. We expected minor support because the market was near the psychological level of 1.26000, but then there was another bear push below 1.26000 to reach 1.25910. The market now looks to be in another consolidation phase; we will either continue down or move back to the upside to test the previously broken levels as resistance. Please do not forget to like, comment, and follow. Thank you for your support. BluetonaFX
by BluetonaFX
4
GoldViewFX - Gold UPDATEHey Everyone, Another awesome day of level to level trading on our chart idea. We had the retracement range break yesterday with cross and lock opening the swing range. Today we had the swing range challenge, which was respected perfectly with a perfect swing bounce from the level hitting both Goldturn level 1905 and 1912. We continued to buy dips using our level and setup activation for a perfect 50 pip catch with a clean safe exit. As stated yesterday all targets on this chart are complete, however price will still respect the levels and they did, true level to level. We can still continue to track and trade these levels, as price is still in the range. Our long term projection still remains Bullish. BULLISH TARGETS 1925 - DONE 1931 - DONE EMA5 CROSS AND LOCK ABOVE 1931 WILL OPEN 1938, 1944 AND 1950 BEARISH TARGETS 1919 - DONE 1912 - DONE EMA5 CROSS AND LOCK BELOW 1912 WILL OPEN THE SWING RANGE SWING RANGE 1895 - DONE As always, we will keep you all updated with regular updates throughout the week and how we manage the active ideas and setups. Please don't forget to like, comment and follow to support us, we really appreciate it! GoldViewFX
OANDA:XAUUSD
by Goldviewfx
8
BluetonaFX - AUDUSD Support Break OpportunityHi Traders! There is a support break opportunity here on the AUDUSD 4H chart. The price action shown on the 4H chart is very contrasting; here you can see two opposite types of channels that are almost identical to each other in terms of structure. First, there was an ascending channel showing a clear uptrend until a turning point where the bears took full control, and we have been in a descending channel since. There is a support level at 0.65644; however, there is potential for a break below this level, as this level is not as strong as the support level below it at 0.64583. The reason for this is that the market may look to test May 2023's low at 0.64583. There must be a break below 0.65644 for us to potentially retest 0.64583; if not, we can look for buying opportunities just above 0.65644, as the bulls will most likely start to regain control if there is not a support break. Please remember to like, comment, and follow us, as your support greatly helps us. BluetonaFX
by BluetonaFX
2
BluetonaFX - GBPUSD Bear Flag Opportunity Hi Traders! There is a bear flag opportunity here on the GBPUSD 1H chart. After the bear momentum swing down (flag pole), we are now in a consolidation period (flag channel), and in a consolidation period, the market decides to either continue the trend or reverse the trend. The price action on this setup suggests to us that the market wants to continue the trend. To get this, though, we need a confirmation sign. We must break and close below the channel; the key price level that must be broken is 1.26066. If 1.26066 breaks, then we will look to target and push below 1.26000. If we do not get a break and close below the 1.26066 level, then the flag setup will fail, the trend will most likely reverse, and we will look for buying opportunities instead. Please remember to like, comment, and follow us, as your support greatly helps us. BluetonaFX
by BluetonaFX
4
GoldViewFX - Market UPDATEHey Everyone, As stated yesterday all targets on this chart are complete, however price will still respect the levels and they did, true level to level. Price continued to test the full retracement range structure and found support perfectly at 1905 Goldturn for the bounce into 1912 Goldturn, clean 70 pips, if buying dips. We can still continue to track and trade these levels, as price is still in the range. Our long term projection still remains Bullish. BULLISH TARGETS 1925 - DONE 1931 - DONE EMA5 CROSS AND LOCK ABOVE 1931 WILL OPEN 1938, 1944 AND 1950 BEARISH TARGETS 1919 - DONE 1912 - DONE EMA5 CROSS AND LOCK BELOW 1912 WILL OPEN THE SWING RANGE SWING RANGE 1895 As always, we will keep you all updated with regular updates throughout the week and how we manage the active ideas and setups. Please don't forget to like, comment and follow to support us, we really appreciate it! GoldViewFX
OANDA:XAUUSD
by Goldviewfx
12
BluetonaFX - EURUSD Ascending Channel Vector Target HIT!Hi Traders! The price action from our EURUSD ascending channel setup from earlier today (LINK BELOW TO ORIGINAL IDEA) played out exactly as we anticipated and hit our exact price target. There was brief resistance at the first vector level at 1.09483, and afterwards the market rallied to the upper vector level at 1.09766 and found resistance at that level. We now need to wait and see if there is a continuation to retest 1.10000. Please do not forget to like, comment, and follow, as this greatly helps us. Thank you for your support. BluetonaFX
by BluetonaFX
2
GoldViewFX- GOLD MARKET UPDATEHey Everyone, We HIT our Bullish targets yesterday and today we finish off this idea with the bearish targets complete and now we are seeing price in the identified retracement range. We had nice bounces on each of the Goldturns, on the way down, which we have highlighted on the chart. They allowed us to capture upto 50 PIPs with our activation buying dips. We also stated yesterday we need to see 1931 (the weighted level) cross with ema5 lock to open upper levels otherwise a rejection will follow. - THIS IS WHAT PLAYED OUT TODAY COMPLETING THE RETRACEMENT RANGE CHALLENGE We can continue to track and trade these levels, as price is still in the range. Our long term projection still remains Bullish. BULLISH TARGETS 1925 - DONE 1931 - DONE EMA5 CROSS AND LOCK ABOVE 1931 WILL OPEN 1938, 1944 AND 1950 BEARISH TARGETS 1919 - DONE 1912 - DONE EMA5 CROSS AND LOCK BELOW 1912 WILL OPEN THE SWING RANGE SWING RANGE 1895 As always, we will keep you all updated with regular updates throughout the week and how we manage the active ideas and setups. Please don't forget to like, comment and follow to support us, we really appreciate it! GoldViewFX
OANDA:XAUUSD
by Goldviewfx
4