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Xauusd big sell dips below 2000 read the caption Gold according to the 4-hour chart, XAU/USD lost momentum but holds on to gains, limiting the risk of a steeper slide. The 20 SMA heads firmly north, far below the current level, reflecting the ongoing momentum,  while the longer moving averages remain directionless. XAU/USD hovers around a flat 200 SMA. Technical indicators, in the meantime, eased from near overbought readings, reflecting the ongoing retracement rather than suggesting
OANDA:XAUUSDShort
by Mrsam36
4
Eurusd a sharp down next week read the caption EUR/USD news to watch will be the second estimate from Europe. Economists expect the data to show that the economy stalled in Q4. Eurostat will also release the latest weak industrial production data. The EUR/USD pair made a strong bearish breakout this week. It moved below the lower side of the bearish flag pattern. The pair also retreated below the support at  1.0722, its lowest point on February 6th. It has moved below the 50-period and 24-period moving average
Short
by Mrsam36
A big candle we see of sell gbpusd time to sell read the captionToday, the GBPUSD experienced an upward movement, driven by a wave of dollar selling in response to lower interest rates. However, the pair's momentum encountered resistance at a key technical level—the 200-bar Moving Average (MA) on the 4-hour chart. This same MA had previously halted the pair's advance a week ago, leading to a decline in price. The fact that this level has now twice acted as a barrier underscores its significance for future trading. A sustained position below this level would indicate that sellers are maintaining control. Currently, the 200-bar MA is positioned at 1.2661 and is trending downward
Short
by Mrsam36
us dollar rising area read the caption The move lower in the dollar has come on the back of a dip in U.S. Treasury yields in line with its global peers. That followed lower-than-expected Canadian inflation data and euro zone wage growth -- all of which sent domestic yields falling as it ramped up expectations for rate cuts by global central banks this year. The Canadian dollar was last marginally higher at 1.35084 per U.S. dollar, while the euro rose 0.06% to $1.0813 The fell 0.05% to 103.98
TVC:DXYLong
by Mrsam36
Usdcad bullish side is strong read the caption Intraday bias in USD/CAD remains neutral for the moment, as range trading continues. More consolidations could be seen, but further rally is expected as long as 1.3357 support holds. On the upside, firm break of 1.3585 will resume the rebound from 1.3176 for 1.3897 resistance.In the bigger picture, price actions from 1.3976 (2022 high) are viewed as a corrective pattern only. In case of another fall, strong support should emerge above 1.2946 resistance turned support to bring rebound. Overall, larger up trend from 1.2004 (2021 low) is still expected to resume through 1.3975 at a later stage.
Long
by Mrsam36
XAUUSD turning point bull and bear read the caption It's been a rather straightforward rebound since testing the 100-day moving average (red line) for gold. That sees price run up to $2,030 as buyers look to keep the bounce going. The next key level to watch will be the trendline resistance closer to $2,050 currently. Not much has changed from yesterday but this has been one of the more interesting charts in trading this week. As such, do keep the following consideration in mind as gold looks to track higher for the time being
OANDA:XAUUSDLong
by Mrsam36
Usdchf ready to fall read the caption Usdchf falling chart High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all your initial investment; do not invest money that you cannot afford to lose. Educate yourself on the risks associated with foreign exchange trading
Short
by Mrsam36
Audusd pump above go buy read the caption committee also pushed back slightly about when the first rate cut will happen. Jay Powell noted that the Fed will be less likely to start cutting in March as many analysts were expecting. The Fed is battling a situation of high inflation and strong economic growth. The AUD/USD pair has rebounded slightly from its lowest point this month. It now sits slightly below the key resistance at 0.6541, where it has failed to move above recently. This price is along the neckline of the inverse head and shoulders pattern that has formed recently
Long
by Mrsam36