Gbpusd confirm buy pattern read the caption Gbpusd pulled back slightly after the flash UK and US manufacturing and services PMI numbers. The pair retreated to a low of 1.2729, a few points below Wednesday's high of 1.2777.
S&P Global published strong economic numbers from the United States and the UK, signaling that the two countries started the year well.
In the UK, the manufacturing PMI rose from 46.3 in December to 47.2 in January, higher than the median estimate of 46.7. Similarly, the services PMI jumped from 53.5 to 53.7 in January while the composite PMI rose to 52.4. These numbers came a few days after the Office of National Statistics released higher inflation but weak retail sales data.
Forexpositive
Today XAUUSD Setup | GOLD 25th of January 2024Today XAUUSD Setup | GOLD
25th of January 2024
Around BUY 2010 TP 2015 - 2020
Around SELL 2020 TP 2025 - 2020
Around BUY 2000 TP 2010 - 2015
Around SELL 2030 TP 2025 - 2020
GOLD Broke 2020 - BUY Trade 2025 - 2035
GOLD Fell below 2010 - SELL Trade TP 2005 - 2000
GOLD Broke 2030 - Buy Trade TP 2035 - 2045
eurusd rainfall coming read the caption eurusd downtrend
The 50-period EMA at 1.0895 acts as an immediate resistance level for the major pair. The crucial upside barrier will emerge at 1.0915, portraying the confluence of the upper boundary of the Bollinger Band and the 100-period EMA. The next hurdle is located near a high of January 15 at 1.0967, and finally at the 1.1000 psychological round figure.
The major support
eurusd lower and more lower
Btc ready to jump read the caption The 4H chart shows that the BTC/USD pair has been in a strong bullish trend in the past few days. It remains below the 50-period and 25–period Exponential Moving Averages (EMA). The pair has also dropped below the Ichimoku cloud and the lower side of the Donchian channels. Also, the Relative Strength Index (RSI) has moved below the oversold point.
Therefore, the pair will likely have a dead cat bounce and retest the resistance at 45.000 and then resume the uptrend trend.
Gold soon on the moon read the caption Gold price (XAU/USD) attracts some buying during the early European session and turns positive for the second more expected buy when European session active successive day on Wednesday, albeit lacks follow-through and remains in a multi-day-old trading range above the $2,040-$2,052 zone. Traders pushed back their expectations for the first interest rate cut by the Federal Reserve (Fed) to May from March in the wake of a still-resilient US economy. This, along with the underlying bullish tone around the equity markets, turns out to be a key factor acting as a headwind for the non-yielding yellow metal.
EURUSD follow the bearish trend read the caption EURUSD 1 hour
On the 1 hour chart, we can see more closely the recent price action at the support zone and we can see that in the APAC session the price don't broke through the trendline, which might be a good omen for the sellers. In fact, if the price were to break further through the support, then the breakout would be confirmed, and the seller will likely pile in more aggressively to extend the rally into the 1.10 level. On the other hand, if the price were to erase the entire rally and break below the counter-trendline, then a fakeout would be confirmed and that’s generally a reversal pattern.
Bitcoin a opportunity buy here read the caption Bitcoin (BTC) is struggling on Monday morning to keep its head above volatile waters, trading at $40,000, after its value fell last week. A decline in open interest by large-wallet investors (popularly known as whales), coupled with an increase of their Tether (USDT) reserves on Bitfinex, suggests that the bullish trend for BTC price could extend in the uptrend term.
USOIL Sell zone 75.00 - 76.00 USOIL the best way to use the trading opportunity is to wait for the sell zone 75.00 - 76.00
Or wait for support level 69.79 for the buy trade. Long term traders can buy the market now with a 76.60 target.
SL ( Set a uniform set of 15$ ) only for your reference and you can set it according to your free margin.
GBPCAD Sell Opportunity 1.6994GBPCAD Analysis
Price is currently in a William-Certified Range, where it has recently rejected the 4H Resistance. Price broke under the 1H Support at the 1.70000 psychological level.
Impulse SELL entries can be taken right now, however it would be best to wait for confirmations.
AUDUSD Buy opportunity 0.670574H Level explanation
AUDUSD has been trading in a bearish trend for the last days. Now, the price displays a bullish Engulfing pattern.
Possible scenario
The best way to use this opportunity is to place a Buy order at 0.67057
Set your Stop Loss at 0.66157 and Take Profit at 0.67684 and 0.68365
Note : Already rebound with support level. who enter this trade keep eye on it. if broke the support level close your trade immediately.
The upcoming news will not influence your orders within the mentioned period.
XAUUSD Looking to Buy entries and Sell entriesFinally the gold-expecting movement is done, same as analysis. Let's check next movement
Scenario 1
Looking to Buy entries Gold going retest previous resistance level 2068 level 2088
Scenario 2
Looking for SELL entries the moment the price breaks through 4H Support 2017.00 and going to the next support level 1972.70
CHFJPY Next Buy opportunity 167.119 - 166.594CHFJPY Next Buy opportunity 167.119 - 166.594
CHFJPY BUY LIMIT 166.900
TAKE PROFIT 01 : 168.722
TAKE PROFIT 02 : 170.152
STOP LOSS 165.483
If fell below 165.622 Move stop to 164.900 and open one more buy order with D1 Support 164.970
Entry 165.009 and stop 164.773 Target is 166.524 and 68.771
When markets open, place your limit order with proper money management. When 1st target hit make sure to move your stop to breakeven.
GBPUSD Next Buy opportunity 1.2500 - 1.2530GBPUSD Next Buy opportunity 1.2500 - 1.2530
GBPUSD BUY LIMIT 1.25211
TAKE PROFIT 01 : 1.26074
TAKE PROFIT 02 : 1.27029
TAKE PROFIT 03 : 1.27995
STOP LOSS 1.24409
When markets open, place your limit order with proper money management. When 1st target hit make sure to move your stop to breakeven.
Key level
4H Support price - 1.25012
4H Pressure price - 1.28277
NAS100 BUY level AT 16396NAS100 BUY NOW AT 16396
TAKE PROFIT 1 : 16449.8 and TAKE PROFIT 2 : 16546.0
STOP LOSS 16340. if broke 1H support go for cut lost before stop.
Please follow a sensible and responsible money management strategy when trading.
You should never invest money that you cannot afford to lose. Risk 3% of capital