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Gbpusd surely Fall down read the caption Gbpusd surely Fall down The UK fell into recession in the second half of last year after GDP figures for the fourth quarter showed a steeper contraction than expected. While a recession was expected ahead of the release, the fourth quarter number was slightly worse despite December performing better than anticipated. The UK has been flirting with recession for some time but despite the inevitable headlines, today’s data doesn’t change much. The economy isn’t growing,
Short
by Mrsam36
Audusd like a snake but snake go down read the caption The AUDUSD fell sharply yesterday, and that selling continued in the Asian session today. However after reaching into a key swing area between 0.6445 and 0.6455, momentum slowed, the price bottomed and a rebound was started. That move has now taken the price of 0.64912. Just ahead is a broken 61.8% retracement of the move-up from the October low to the December high. That level comes at 0.64992 (let's call it 0.6501). Moving above that level would have traders looking toward a swing area near 0.6524 and the 100-day moving average of 0.65325
Short
by Mrsam36
Uadchf move up here is opportunity read the caption The USDCHF moved sharply higher yesterday after the stronger-than-expected CPI. The move to the upside extended above the 50% retracement of the move down from the October high. That level comes in at 0.8789. The 100-day moving average. That level comes in at 0.8805, and the 200-day moving average. The level comes in at 0.88464 The breaks of those key targets tilted the bias more in favor of the buyers. The best-case scenario going forward is for the 200-day moving average to hold support. Stay above 0.88465 is the most bullish scenario.
Long
by Mrsam36
SasanSeifi 💁‍♂🟡GOLD Long-Term OutlookXAUUSD As you can see, after an uptrend and a new high, the price faced a correction from the 2146 range due to the liquidation of buyers. After the correction, the price rebounded slightly from the 1973 range but failed to stabilize above the 2081 liquidity range and saw another range and correction. Currently, the trend is stuck in a range. In the long-term view, I expect the price to continue to correct to the SELL-SIDE LIQUIDITY 1985 / 1973 range after ranging and consolidating below the 2000 range. In case of correction, we need to see how the price reacts to better understand the continuation of the trend. Additionally, if it faces demand and can consolidate above the important 2075 range, the corrective scenario will be invalidated. In the long term, the target correction ranges are 1950 / 1933, but currently, we are moving forward with the step-by-step chart. 🔵Remember, always conduct your analysis and consider other factors before making any trading decisions. Good luck!"✌️ ❎ (DYOR)...⚠️⚜️ Sure, if you have any more questions or need further clarification, feel free to ask. I'm here to help! if you found my analysis helpful, I would appreciate it if you could show your support by liking and commenting. Thank you!🙌✌
FOREXCOM:XAUUSDShort
by SasanSeifi
Eurusd time short big sell move coming like yesterday read the cEUR/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 averages while the
Short
by Mrsam36
Gbpusd surely Fall big dips read the caption The GBP/USD pair retreated slightly after the latest US inflation data. According to the Bureau of Labor Statistics (BLS), the headline Consumer Price Index (CPI) rose by 3.2% in January, higher than the expected 2.7%. Core inflation rose by 3.8%, higher than the expected drop to 3.6%. These numbers mean that inflation is still high in the country and that it will likely struggle to get to Fed’s target of 2.1%. It has remained between 3.2% and 3.3% in the past few months as the Fed has maintained rates at a 22-year high
Short
by Mrsam36
Gbpusd below line now big dipsThe GBP/USD pair retreated slightly after the latest US inflation data. According to the Bureau of Labor Statistics (BLS), the headline Consumer Price Index (CPI) rose by 3.2% in January, higher than the expected 2.7%. Core inflation rose by 3.8%, higher than the expected drop to 3.6%. These numbers mean that inflation is still high in the country and that it will likely struggle to get to Fed’s target of 2.1%. It has remained between 3.2% and 3.3% in the past few months as the Fed has maintained rates at a 22-year high
Short
by Mrsam36