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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
BluetonaFX - EURUSD Ascending Channel Opportunity Hi Traders! There is an ascending channel setup here on the EURUSD 1H chart. We are approaching our vector level at 1.09483; there may be some resistance here for the short term, and above this level, there is another vector level at 1.09766. We identified a cup-and-handle potiential formation on the 1D chart last week (LINK BELOW), and the handle now seems to be forming. The longer-term outlook is a possible retest of the psychological level at 1.10000. Please remember to like, follow, and comment. We appreciate your support. BluetonaFX
by BluetonaFX
6
GoldViewFX - Market UPDATEHey Everyone, Fantastic start to the week with our 1H chart playing out hitting both Bullish targets 1925 and 1931 weighted level. As stated on the chart, we need to see 1931 (the weighted level) cross with ema5 lock to open upper levels otherwise a rejection will follow. This also played out as projected, as EMA5 failed to cross 1931 after being hit, giving us the perfect exit before the rejection. Although we share Bullish and Bearish targets, we confidently always confirm our bias towards the targets we chase and that has clearly been buys from dips We can continue to trade these levels even after hitting both targets, as we are back in the range and can use the levels to track and trade the movement with ema5 cross and lock. 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 1912 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 XAUUSD TOP AUTHORour 1H chart idea playing out hitting both our Bullish targets.
OANDA:XAUUSD
by Goldviewfx
4
GoldViewFX - 1H CHART UPDATED LEVELS AND TARGETSHey Everyone, Please see our 1H chart updated levels and targets. Price is sitting tight between two weighted structures, with a candle body close gap above 1963 is a weighted Goldturn level and therefore will need a EMA5 cross and close above at 1925 and below at 1912. We will use this to plan our trades in line with our long term trend when buying dips. We will continue to track the movement level to level with ema5 cross and lock. Our long term projection still remains Bullish. BULLISH TARGETS 1924 1931 EMA5 CROSS AND LOCK ABOVE 1931 WILL OPEN 1938, 1944 AND 1950 BEARISH TARGETS 1912 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 XAUUSD TOP AUTHOR
OANDA:XAUUSD
by Goldviewfx
9
GoldViewFX - 4H CHART UPDATED LEVELS AND TARGETSHey Everyone, Please see our 4H chart updated levels and targets. Price is was sitting at the weighted support structure on market close. EMA5 cross and lock below this level will open the swing range challenge, which is an o=important area to support to monitor should this happen. Should this support structure hold for the bounce, we should see 1936, as the next Bullish target. We have also highlighted the weighted levels that will confirm movement to the next range or rejection, when tracking the movement level to level. We will continue to track the movement level to level with ema5 cross and lock. BULLISH TARGETS 1936 1948 EMA5 CROSS AND LOCK ABOVE 1948 WILL OPEN 1963 AND 1976 BEARISH TARGETS 1917 EMA5 CROSS AND LOCK BELOW 1917 WILL OPEN THE SWING RANGE SWING RANGE 1899 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
7
GoldViewFX - MONTHLY CHART LONG TERM OUTLOOK Hey Everyone, Please see update on the monthly chart idea that we have been tracking for a few months now. The Goldturn channel (our own unique way to draw channels) is also being respected throughout. Last time we stated we have a new candle for the month with a small ema5 detachment below highlighted with the circle also inline with the channel half line support - This has played out well with the half line being tested now and may also provide a few bounces to take advantage of, when using our smaller timeframes to buy dips. Chart look bearish short term with a long term bullish outlook, as both bearish target (detachment and channel half-line) 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
FOREXCOM:XAUUSD
by Goldviewfx
4
GoldViewFX - Channel bottom to top for the finish! BOOOOMHey Everyone, We close off the week with a lovely finish. As stated yesterday, price was testing a strong level of support and we were looking to buy the dip from the channel bottom. We took our Buy from the new Goldturn support created on the channel bottom this morning and rode the move up all the way to the channel top - BOOOOOM !!!! We will now come back Sunday, as usual with our full multi timeframe analysis and trading plans for the coming week. Hope you all have a smashing weekend! GoldViewFX XAUUSD TOP AUTHOR
OANDA:XAUUSD
by Goldviewfx
1