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Us oil big spike up read the caption Oil prices are finding a floor near $75, backed by the OPEC statement being released after the only meeting earlier this Thursday. A panel of OPEC+ members said no policy changes are foreseen for now, while the US has reportedly hit a six-month high in November on production. Add the stockpile buildup number from the Energy Information Administration (EIA) overnight with a surprise build of 1.233 million barrels, and quick breach above $70 looks doubtfull. 
TVC:USOILLong
by Mrsam36
1
Us dollar buy setup read the caption Dxy buying area chart It’s been a phenomenal start to 2024 for the US dollar, which has already risen more than 2% against a basket of major currencies as a streak of encouraging economic data reinstilled confidence in the US economy, forcing traders to dial back bets of immediate Fed rate cuts. Economic growth has been faster than expected, empowered by strong consumption trends and heavy government spending. With the labor market also in good shape, it is becoming clearer that there’s no urgency to slash interest rates. , but is still far too high for the Fed to declare victory.
TVC:DXYLong
by Mrsam36
Usdcad buy setup read the caption Usdcad showed some resilience below the 200-period Simple Moving Average (SMA) on the 4-hour chart and the subsequent recovery favours bullish traders. Moreover, oscillators on the said chart have started gaining positive traction and holding in the bullish territory on the daily chart. This further validates a constructive outlook and suggests that the path of least resistance for the USD/CAD pair is to the upside. Any further move up, however, is likely to confront stiff resistance ahead of the 1.3530 psychological mark. This is followed by the 1.3535- 1.3640 double-top barrier, which if cleared decisively will set the stage for a move towards reclaiming the 1.3610 mark for the first time since December.
Long
by Mrsam36
USD/CHF LongUSD/CHF Long • If price corrects and a subsequent two touch tight fifteen minute flag forms, then I'll filter the latter on the five minute chart and be looking to get long with either a risk entry within it if the flag is structured, or a reduced risk entry on the break of it if it's unstructured or I don't manage to secure a risk entry. • If my entry requirements are not met then I will simply wait until another setup which meets my plan materialises. • If there's any ambiguity then I will not place a trade on this pair.
Long
by StewySongs
Usdchf falling go sell read the caption The USDCHF fell below a KEY FLOOR LEVEL that I have been monitoring from a technical perspective at 0.86048. That break opened the door for further downside momentum the price has since fallen below its 200 bar moving average on the 4-hour chart at 0.8573 (see chart below), and the 38.2% retracement of the move up from the December low at 0.85765 Staying below those levels will keep the sellers firmly in control at least in the short-term for the USDCHF.
Short
by Mrsam36
Dxy big sell because of fomc read the caption The US Dollar Index (DXY) might find its catalyst this Wednesday.dxy fall more because of FOMC For nearly two weeks now it has been unable to trade away from both the 55-day (103.03) and the 200-day (103.54) Simple Moving Averages despite several false breaks and both MAs getting all chopped up.  Although the Fed meeting this Wednesday is unlikely to usher in any rate changes, the outcome could still favor the Greenback if Powell delivers a hawkish statement to the markets.
TVC:DXYShort
by Mrsam36
Big dip today of crude oil read the caption WTI Oil is a type of Crude Oil sold on international markets. The WTI stands for West Texas Intermediate, one of three major types including Brent and Dubai Crude. WTI is also referred to as “light” and “sweet” because of its relatively low gravity and sulfur content respectively. It is considered a high quality Oil that is easily refined. It is sourced in the United States and distributed via the Cushing hub, which is considered “The Pipeline Crossroads of the World”. Crude oil going to bottom because if fomc
TVC:USOILShort
by Mrsam36
Gold strong bullish analysis read the caption gold now bullish More today because of fomc Gold comes under some selling pressure following the overnight pullback from a two-week top, around the $2,047-2,049 area, and remains depressed heading into the European session on Wednesday. Investors further scaled back their expectations for an early interest rate cut by the Federal Reserve (Fed) after the JOLTS report published on Tuesday pointed to the underlying strength in the US labor market. This helps revive the
OANDA:XAUUSDLong
by Mrsam36
btc ready to buy no more Sell read the caption January has been a mixed month for Bitcoin. The coin jumped to a multi-year high of $49,010 after the SEC gave the green light for eleven spot ETFs. This was an important move because it took Bitcoin mainstream and made it available to institutional investors. Bitcoin then retreated sharply as investors sold the ETF news. It moved from $49,070 to a low of $38,510 also as many investors in Grayscale Bitcoin Trust (GBTC) liquidated their assets and moved to cheaper alternatives
BITSTAMP:BTCUSDLong
by Mrsam36
eurusd big dip today READ THE CAPTION The EUR/USD pair moved sideways after Eurostat published better-than-expected economic numbers on Tuesday. The report revealed that the economy avoided a recession narrowly in Q4 as it stagnated. It expanded by 0.1% on a YoY basis, higher than the expected 0.0%. In Spain, the economy expanded by 2.0% in Q4 while in France, it rose by just 0.6%. The other important data came from the United States, where the Conference Board published this month’s consumer confidence data. The agency revealed that confidence rose from 108 in December to 114.7 in January, lower
Short
by Mrsam36
NZD/USD Short, GBP/NZD Long and USD/CHF LongNZD/USD Short • If price pushes up to and ideally just above our area of value, then regardless of how it does so I'll be waiting for a subsequent impulse back down on the one hour chart followed by a tight two touch fifteen minute flag and then I'll filter the latter on the five minute chart and be looking to get short with either a risk entry within it if the flag is structured, or a reduced risk entry on the break of it if it's unstructured or I don't manage to secure a risk entry. • If my entry requirements are not met then I will simply wait until another setup which meets my plan materialises. • If there's any ambiguity then I will not place a trade on this pair. GBP/NZD Long • If price impulses up above our area of interest on the one hour chart and a subsequent tight two touch fifteen minute flag forms, then I'll filter the latter on the five minute chart and be looking to get short with either a risk entry within it if the flag is structured, or a reduced risk entry on the break of it if it's unstructured or I don't manage to secure a risk entry. • If my entry requirements are not met then I will simply wait until another setup which meets my plan materialises. • If there's any ambiguity then I will not place a trade on this pair. USD/CHF Long • If price pushes below our area of value, then regardless of how it does so I'll be waiting for a subsequent impulse back above our area of interest on the one hour chart followed by a tight two touch fifteen minute flag and then I'll filter the latter on the five minute chart and be looking to get long with either a risk entry within it if the flag is structured, or a reduced risk entry on the break of it if it's unstructured or I don't manage to secure a risk entry. • If my entry requirements are not met then I will simply wait until another setup which meets my plan materialises. • If there's any ambiguity then I will not place a trade on this pair.
by StewySongs
1
Gbpjpy Falliy now read the caption GBP/JPY is trading sideways just below the Tenkan-Sen level at 187.72 dot. If buyers lift the exchange rate above the Tenkan Sen, that will open the door to challenging the January 23 high at 188.91, but firstly they would need to reclaim 188.00. On the flip side, if sellers step in and drag prices below the January 30 low of 186.41, that will open the door to challenge the Senkou Span A level at 185.67, followed by the psychological 185.00 figure, ahead of the January 12 daily low of 184.37.
Short
by Mrsam36
1
gbpusd confirm buy read the caption gbpusd confirm analysis of buy soon gbpusd buy mare than expected is going to be a really busy one with the FOMC rate decision and lots of economic data on the agenda. We begin today with the US Job Openings and the US Consumer Confidence reports. Tomorrow we will see the US Employment Cost Index and the ADP data before the FOMC rate decision later in the day On Thursday, we have the BoE rate decision and later in the day the latestI. Finally, on Friday, we conclude the week with the US NFP report.
Long
by Mrsam36
NZD/USD Short, GBP/CHF Long, GBP/NZD Long and USD/CHF LongNZD/USD Short • If price pushes up to and ideally just above our area of value, then regardless of how it does so I'll be waiting for a subsequent impulse back down on the one hour chart followed by a tight two touch fifteen minute flag and then I'll filter the latter on the five minute chart and be looking to get short with either a risk entry within it if the flag is structured, or a reduced risk entry on the break of it if it's unstructured or I don't manage to secure a risk entry. • If my entry requirements are not met then I will simply wait until another setup which meets my plan materialises. • If there's any ambiguity then I will not place a trade on this pair. GBP/CHF Long • If price impulses up above our area of interest on the one hour chart, then I'll be waiting for a subsequent tight two touch fifteen minute flag to form and then I'll filter the latter on the five minute chart and be looking to get long with either a risk entry within it if the flag is structured, or a reduced risk entry on the break of it if it's unstructured or I don't manage to secure a risk entry. • If my entry requirements are not met then I will simply wait until another setup which meets my plan materialises. • If there's any ambiguity then I will not place a trade on this pair. GBP/NZD Long • If price pushes up to and ideally just above our area of value, then regardless of how it does so I'll be waiting for a subsequent impulse back down on the one hour chart followed by a tight two touch fifteen minute flag and then I'll filter the latter on the five minute chart and be looking to get short with either a risk entry within it if the flag is structured, or a reduced risk entry on the break of it if it's unstructured or I don't manage to secure a risk entry. • If my entry requirements are not met then I will simply wait until another setup which meets my plan materialises. • If there's any ambiguity then I will not place a trade on this pair. USD/CHF Long • If price pushes below our area of value, then regardless of how it does so I'll be waiting for a subsequent impulse back up on the one hour chart followed by a tight two touch fifteen minute flag and then I'll filter the latter on the five minute chart and be looking to get long with either a risk entry within it if the flag is structured, or a reduced risk entry on the break of it if it's unstructured or I don't manage to secure a risk entry. • If my entry requirements are not met then I will simply wait until another setup which meets my plan materialises. • If there's any ambiguity then I will not place a trade on this pair.
by StewySongs
AUDUSD: Analysis Pre AU CPIToday's focus: AUDUSD Pattern – Continuation/resistance break Support – .6566, .6545 Resistance – .6620 Hi, and thanks for checking out today's update. Today, we have run over the AUDUSD breaking down levels we have seen form and what we are looking for after tomorrow's Australian CPI data. Combined with the USD, there are a few scenarios. We have done our best to break them down and incorporate price levels into those scenarios. Will we see a new test of support, or will buyers break current short-term resistance? Australian CPI data is due tomorrow at 11:30 am. Good trading.
by Eightcap