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GoldViewFX - 4H CHART UPDATED LEVELS & TARGETSHey Everyone, Please see our updated 4H chart Goldturn levels and targets. 1817 Goldturn, which was the previous swing range provided support for the swing up. This is level is a strong support structure. Should we see 1817 challenged and broken with EMA5 we will see the new swing range open below down to 1779. However, right now we are seeing 1817 support providing a nice push up with a candle body close above 1836 opening a gap to 1854. This gap target of 1854 will be strengthened should we see ema5 cross and lock above 1836 with a potential follow through to 1865. Short-term technical structure may look Bearish but the overall long term structure is still Bullish. We will trade against the short term trend and stay within the long term trend and trade retracements for now and continue to buy dips. Bullish Targets 1854 1865 EMA5 CROSS AND LOCK ABOVE 1865 WILL OPEN 1882, 1894 and 1906 Bearish Targets 1836 1817 EMA5 CROSS AND LOCK BELOW 1817 WILL OPEN 1797 AND 1779 SWING RANGE 1797 - 1779 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
10
XAUUSD BULLISH PROJECTION DATA-INDUCED MARKET REPRICING SETS USDWhile this report’s focus leans more heavily on the technical analysis, it is only prudent to take into account the effect of recent dollar and Fed funds rate repricing this last week. On Thursday, strong jobs numbers from ADP data saw markets lift expectations of a possible 50 bps hike in February to around 45% resulting in a slight bid in the dollar. That of course was before the ISM services PMI data revealed that the largest sector of the US economy had just dipped into a contraction, immediately erasing prior dollar gains as the market repositioned once more, this time for a potentially more cautious Fed approach on the terminal rate.
FOREXCOM:XAUUSDLong
by Pita_fx77
1
Did EurUsd topped?EurUsd has started the year badly, with the first trading day of 2023 being a red one, but more importantly, marking the up break from last Friday as a false one. On 3rd January we have a new long red candle that also breaks under a small double top pattern and yesterday's candle, a new drop with the candle engulfing the 4th of January correction. The all, put together, could give us an idea that the 3 months correction is over and the most traded pair is ready to resume its long-term bearish trend. Short-term traders could focus on the 1.0580 zone resistance and target the 1.04 support and medium-term traders can aim for the 1.02 important one. Negation comes with a new high above 1.07. Anyway, as I said multiple times in my previous analysis, there si nothing fundamentally that supports higher prices for Eur above 1.08, and this year I expect a new visit under parity if not even a new low.
Short
by Mihai_Iacob
13
EurUsd- Will it regain parity?As I said yesterday, after the strong reversal from the 0.95 low, EurUsd looks ready for a deeper correction of the 3k pips downtrend. Yesterday the price held above important horizontal support and now is facing the falling trend line from mid-August. A break above this trend line followed by EurUsd back above parity would put bulls in a very favorable position and give scope to a rise to the very important 1.0350-1.04 resistance I'm bullish Eur as long as 0.98 is intact
Long
by Mihai_Iacob
2
EurUsd- Pressure is lifted, 103 is very probable nowAs I've written yesterday and on the 6Th of September, EurUsd seems ready for a correction. Yesterday has been a volatile day for EurUsd which went above and under parity and finished the day with a Doji. Looking at the 4h posted chart we can see that after an initial rise above parity, the pair fell strongly but found strong bids in 0.9930 and reversed strongly overnight, putting in a higher low on our chart. At this moment EurUsd is trading just under the recent range's resistance and a break un seems very likely. In such an instance I expect the pair to accelerate its gains and rise to 1.03 zone resistance. I expect parity to remain intact for the time being and dips should be bought in search of a good R: R considering a stop loss under yesterday's low and a target in mentioned resistance. Best of luck! Mihai Iacob My Yesterday's analysis:
Long
by Mihai_Iacob
4
EurUsd- New low's loomingLast week, EurUsd clearly dropped under parity and reached a low at 0.99. After this low, we have 3 attempts to reconquer this important figure and all failed badly with Friday's spike leaving a very long-tailed pin bar on our chart. Both technicals and fundamentals are aligned for a stronger USD and in EurUsd's case I expect a continuation to the downside and a drop to 0.97 I'm strongly bearish as long as 1.01 is intact and selling rallies can be a good strategy My Previous EurUsd analysis
Short
by Mihai_Iacob
12
BTC/USDT - WHERE ARE WE HEADING NEXT? (AN UPDATE!)Last week we've called out the next pivot point as to where the BTC might be retesting, and boy we were accurate about it! For our Weekly TF analysis for today, I have plotted the major points in bitcoin and it's trend shift from wayback 2017 to ATH and now..still in the bearish market. 2020 bearish market was affected by Covid-19. Hence why the price has dumped to 4k levels. We'll be waiting for another 3yrs to witness the next bullrun after late 2020 since it's been the pattern with this market. This time, it's different since Fed Chair Powell signals that more interest hikes are incoming. And what does this mean in the market? When interest rates rise, that means individuals will see a higher return on their savings. This removes the need for individuals to take on added risk by investing in crypto or stocks, resulting in less demand for both. It's bad for business in general. On the technical side of things, we're currently trading at 20k as of writing this analysis. We're expecting a sell-off until 16k levels. Since we're heavy bearish, I'd hold-off my sells until it reaches our Major key level at 12-13k levels. We have 4 majors news on USD for the coming week, so expect another volatile market and a volatile market brings a lot of opportunities for us traders. HELLO, TRADERS! IF YOU LIKE THIS ANALYSIS, PLEASE LEAVE A LIKE AND FOLLOW MY CHANNEL AND LET ME KNOW YOUR THOUGHTS BY COMMENTING DOWN BELOW.
Short
by JuanCrlsTrades
6
EurUsd- Under parity soon, to stay this time...If you've read my past analysis you know that I'm strongly bearish EurUsd and I draw attention multiple times to 1.03 zone resistance. As we can see from the posted chart, after breaking above recent consolidation, the pair touched resistance and reversed violently. At the time of writing EurUsd is trading almost in parity again and I expect a new drop under this important level. 1.01 offers good resistance now and rallies towards that zone should be sold. 0.97 is a reasonable target for swing traders
Short
by Mihai_Iacob
63
GbpUsd- Looking for selling opportunitiesOn my 21 of July GbpUsd analysis, I said that the pair can rise to the 1.24 zone , drawing attention to the falling wedge formation. Indeed, the pair broke above the falling trend line resistance just under 1.23 and reversed. The long-term trend is bearish and the rise from the recent 1.1750 bottom is corrective in nature. Yesterday's reversal can be the first sign of the end of this correction and the pair can be ready to resume its long-term trend. That being said I will look to sell rallies in search of a good R: R, considering negation above 1.24
Short
by Mihai_Iacob
16