Hellena | GOLD (4H): Long to 100% Fibo lvl 2673 (Wave 3).Colleagues, I believe that the price has not finished the upward movement in wave “3” of the higher order and wave “3” of the lower wave.
After a small correction of 2603 I expect a continuation of the upward movement to the area of 100% Fibonacci extension (level 2673).
It is quite possible that this movement will not start immediately and will be preceded by a slightly deeper correction.
Manage your capital correctly and competently! Only enter trades based on reliable patterns!
Forexsignals
What Will Happen to Crude Oil Prices?When the USDWTI 4-hour chart is examined; It is observed that price movements continue above the support zone. As long as the Crude Oil price does not break below the 68.60 level, it is evaluated that the price movements above the 70.38 level may break above the 71.78 level and target the 75.82 level.
Hellena | GOLD (4H): Long to resistance area 2619.Dear colleagues, I believe that the upward movement in the impulse of the five-wave structure has begun.
At the moment I believe that wave “1” has either completed or is being completed.
In the first case, I expect a corrective movement in wave “2”. Wave “2” is indicated by the 50% Fibonacci level. This is the area of 2533.
But the main direction is still upward. Therefore, the main target is the resistance area 2619.
Manage your capital correctly and competently! Only enter trades based on reliable patterns!
Will Gold Continue to Rise?When the XAUUSD 4-hour chart is examined; It is observed that the price movements continue in an upward trend. It is evaluated that the Gold Ounce price may retreat to the level of 2573 in price movements below the level of 2614, but as long as the level of 2573 is not broken down, it is evaluated that it may target the level of 2703 by breaking the level of 2641 in price movements above the level of 2614.
AUD/USD Reaches Key Supply Area, possible ReversalThe AUD/USD pair has reached our identified supply area, coinciding with the start of the London session. A rejection candle has formed, signaling a potential reversal, with the spike briefly hitting 0.6872 before pulling back. This price action suggests that sellers are stepping in at this level, creating a possible reversal opportunity.
Traders are now watching closely for further confirmation of a bearish move. Today, the US CB Consumer Confidence report is set to be released, and this key economic indicator could provide additional momentum for the US Dollar. A stronger-than-expected reading may further bolster the USD, potentially driving the AUD/USD lower and continuing its downward trajectory.
With the market's focus on the upcoming US data, we remain poised for a potential short setup in anticipation of a reversal in the AUD/USD pair. Traders should keep a close eye on both the technical patterns and the economic news to confirm entry points.
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EURUSDHello Traders!
What are your thoughts on EURUSD?
EURUSD is moving within an ascending channel and has recently reached a resistance zone, causing its upward movement to temporarily stall. It is expected that after a price correction, the bullish trend will resume.
As long as the price does not break below the identified support zone, the potential for further upward movement remains. A break below this support zone could signal a shift towards a bearish trend.
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XAU continue to increase recordGold prices surged to a record high last week after the US Federal Reserve cut interest rates and have largely continued to rally
Moreover, gold rose as markets priced in a doubling of the Fed’s chances of cutting rates before Christmas. The probability of another 50 basis points (0.50%) cut at the next meeting in November now stands at 51.6%, compared with 48.4% for a 25 basis points cut, according to the CME FedWatch tool.
USOIL / TRADING BELOW TURNING LEVEL - 4HUSOIL / 4H TIME FRAME
HELLO TRADERS
July Decline: The significant drop of 15.34% indicates a bearish trend, which could be attributed to various factors such as market corrections, economic conditions, or changes in consumer behavior.
August Recovery: The rise of 11.74% suggests a potential recovery or rebound, possibly driven by positive news, increased demand, or market adjustments. However, this increase was followed by another decline within the same month.
Second August Decline: The 18.23% drop following the initial recovery may indicate market volatility or the market's inability to sustain upward momentum. This could also signal investor uncertainty or reactions to external factors.
September Projection: The forecasted decline of 4.66% in September suggests that the overall trend remains negative. This could imply a continuing lack of confidence in the market, or it may reflect seasonal trends affecting prices.
Technical analysis:
The level at 71.51 serves as a key resistance. If the price remains below this level, a decline towards 68.80 is expected. If this level is breached, the next support could be around 67.19.
Conversely, if the price breaks above 71.51, it may indicate bullish momentum, with targets at 73.99 and then 76.10.
UPWARD TARGET : 73.99 , 76.10 .
DOWNWARD TARGET : 68.80 , 67.19.
The Fed is testing the economy with 50 interest rate pointsThe 50bp reduce withinside the federal finances price to 5.0% surpassed Fitch`s expectancies in its September 2024 Global Economic Outlook. The length of the pass changed into difficult to justify primarily based totally on incoming financial data, with center offerings CPI inflation closing excessive at 4.9% 12 months-on-12 months in August and growing to 0.4% month-on-month.
The selection appears partly to mirror a `hazard assessment` detail in reaction to latest labour marketplace dynamics, wherein the unemployment price has risen to 4.2% in August from 3.7% in December 2023. While the Fed`s brand new forecasts display unemployment closing low, Fed Chair Jerome Powell made severa references on the post-assembly press convention to the hazard that unemployment could - unexpectedly - maintain to rise.
Significant enhancements in center inflation due to the fact that July 2023 have enabled the Fed to refocus at the most employment thing of its twin mandate, after having had a unique attention on inflation due to the fact that early 2022.
💎 OANDA:XAUUSD Buy 2606 - 2603💎
✔️TP1: 2616
✔️TP2: 2626
✔️TP3: OPEN
🚫SL: 2593
➖➖➖➖➖➖➖➖
💎 OANDA:XAUUSD Sell 2634 - 2637💎
✔️TP1: 2620
✔️TP2: 2610
✔️TP3: OPEN
🚫SL: 2644
Bearish drop?NZD/USD is rising towards the resistance level which is a pullback resistance that aligns with the 127.2% Fibonacci extension and could reverse from this level to our take profit.
Entry: 0.6293
Why we like it:
There is a pullback resistance level that lines up with the 127.2% Fibonacci extension.
Stop loss: 0.6346
Why we like it:
There is a resistance level at the 161.8% Fibonacci extension.
Take profit: 0.6212
Why we like it:
There is a pullback support level that aligns with the 38.2% Fibonacci retracement.
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Could the Cable reverse from here?The price is rising towards the 161.8% Fibonacci extension and the 61.8% Fibonacci projection and could reverse from this level to our take profit.
Entry: 1.3381
Why we like it:
There is a resistance level at the 161.8% Fibonacci extension and the 61.8% Fibonacci projection.
Stop loss: 1.3469
Why we like it:
There is a resistance level at the 78.6% Fibonacci projection.
Take profit: 1.3261
Why we like it:
there is an overlap support 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.
Falling towards 38.2% Fibonacci support?USD/JPY is falling towards the support level which is an overlap support that aligns with the 38.2% Fibonacci retracement and could bounce from this level to our take profit.
Entry: 142.40
Why we like it:
There is an overlap support level that aligns with the 38.2% Fibonacci retracement.
Stop loss: 141.04
Why we like it:
There is an overlap support level.
Take profit: 144.46
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.
Bearish drop?EUR/USD has reacted off the resistance level which is an overlap resistance that aligns with the 50% Fibonacci retracement and could drop from this level to our take profit.
Entry: 1.1137
Why we like it:
There is an overlap resistance that lines up with the 50% Fibonacci retracement.
Stop loss: 1.1200
Why we like it:
There is a pullback resistance level.
Take profit: 1.1047
Why we like it:
There is a pullback support level that lines up with the 78.6% Fibonacci retracement.
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.
Could the kiwi reverse from here?The price is rising towards the pivot point which has been identified as a pullback resistance and could drop to the 50% Fibonacci support.
Pivot: 0.6293
1st Support: 0.61901
1st Resistance: 0.6350
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
Bearish drop?AUD/CHF has reacted off the pivot which is a pullback resistance and could potentially drop to the 38.2% Fibonacci support.
Pivot: 0.58170
1st Support: 0.57334
1st Resistance: 0.58694
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
Bearish reversal?NZD/JPY is rising towards the pivot which has been identified as an overlap resistance and could reverse to the 1st support which acts as an overlap support.
Pivot: 91.30
1st Support: 88.64
1st Resistance: 92.80
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
USDJPY weekly key reversal bar dictation for strength for 149.3016th september weekly bar is a key reversal made a new low, closed off the high, dictation for strength in usdjpy for coming days and weeks. first target: 147.15, second target is 149.30, need a lot of patient for this trade to make handsome profit. stop loss below the weekly key reversal bar low.
World XAU continues to hit new highsThe US Federal Reserve’s interest rate decision last week did not disappoint the gold market. After the policy meeting, gold prices continuously “broke” records and ended the week above the $2,600/ounce mark. Currently, gold prices continue to expand their upward momentum and are fluctuating around $2,628/ounce.
NZDJPYNZDJPY price is in a correction period. If the price cannot break through the resistance level of 91.24, it is expected that in the short term, there is a chance that the price will go down. Consider selling in the red zone.
🔥Trading futures, forex, CFDs and stocks carries a risk of loss.
Please consider carefully whether such trading is suitable for you.
>>GooD Luck 😊
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EURUSD Sell opportunity on a Double Top.The EURUSD pair made a Double Top last week near the 1.12000 Resistance following the Fed Rate Decision (-0.50% cut) and technically this is the first sign of a potential medium-term sell opportunity.
If we examine the price action on the 1D time-frame going back 2 years (November 2020), we can see a recurring pattern. When the 1D RSI breaks above the 70.00 overbought barrier and posts a Lower Highs trend-line, a sell signal emerges, which is valid until the RSI approaches the 30.00 oversold level.
This sell signal has so far emerged 2 times (February 02 2023 and December 28 2023) and both times the pull-back that followed hit the 0.618 Fibonacci retracement level, below both the 1D MA50 (blue trend-line) and 1D MA200 (orange trend-line). The first correction registered a -4.70% decline while the second a -4.00%.
If this is a progressive pattern, then a potential new correction on the current RSI Lower Highs (Double Top for price) should be -3.30% (0.70 less than the previous), which as you can see on the chart falls exactly on the 0.618 Fibonacci retracement level.
As a result, this isn't just a strong sell signal but also gives us a very reliable Target at 1.08350.
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