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.
Forextrader
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
Today s&p index falling read the caption Bring on the pain. Tech shares are being smacked in European morning trade, as S&P 500 futures and Nasdaq futures are sinking lower on the session. The former is down 0.4% while the latter is down 1.4% on the day now. There was a slight respite as European traders got to their desk today. However, that has quickly turned ugly in the last half-hour: S&P index lower soon today
Nzdusd bearish trend only Sell read the caption Nadusd Business Confidence report for New Zealand shows a positive change in business outlook, with a rise to 36.5 in January from the previous reading of 33.3. This suggests an improvement in the sentiment among businesses regarding the economic environment. However, the ANZ Activity Outlook, which measures expectations for firms' own activity, registered a slight decrease. It came in at 25.7%, down from the prior reading of 29.2%.
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
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
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
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.
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.
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.
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.
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.
USD/CHF Long and GBP/CHF LongUSD/CHF Long
• If price pushes down to and ideally just 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.
GBP/CHF Long
• If price pushes down to and ideally just 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.
EURAUD: Time to Buy?! 🇪🇺 🇦🇺
EURAUD is testing a confluence zone based on a horizontal intraday support and a rising trend line.
As a confirmation, the price formed a double bottom formation and violated its neckline.
We can expect a bullish movement now.
Goals: 1.6527 / 1.656
❤️Please, support my work with like, thank you!❤️
WTICO/USD Short, AUD/CAD Short and USD/CHF LongWTICO/USD Short
• If price impulses down below our area of interest on the one hour chart, then I'll be waiting for a subsequent two touch tight five minute flag to form and then I'll be looking to get short with a reduced risk entry on the break of it.
• If price impulses down below our area of interest on the one hour chart and a subsequent 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.
AUD/CAD Short
• If price corrects and a subsequent two touch tight 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 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.
Silver ready buy read the caption As per the preliminary consensus, the US economy grew at a slower pace of 2.1% after expanding 4.8% in the third quarter of 2023. A slower growth rate would undermine the argument supporting a restrictive interest rate policy atleast until second quarter ends.silver ready to jump
The hopes for an interest rate-cut by the Federal Reserve (Fed) has already eased significantly as the US economy is resilient on the grounds of labor market and consumer spending. • As per the CME Fedwatch tool, chances in favour of an interest rate cut by 25 basis-points (bps) have dropped to 42.3%.
Crude oil big bullish read the caption Crude oil will go up
Big bullish trend as you see As shipping costs and supply chains get disrupted alongside higher oil prices, all of this risks stoking the inflation fire for the time being. In turn, major central banks will have to be rather careful in pushing too hard on any disinflation narrative.
For now, the overall impact is still rather minimal I would say so central banks can still get away with whatever they want. But if the situation in the Red Sea is one that persists for a longer period, it could slow down the speed at which inflation returns towards the desired level that markets and policymakers are hoping for.
Uadchf strong bullish More info read the caption What needs to be done, however, is to get above it 100-day moving average at 0.8673, and also the 38.3% retracement of the move down from the October 2023 hi. That little comes in at 0.8681.
Get above both those levels and the bias increases more to the upside it in favor of the buyers.
Find out all these details in the video above.
Usdcad show sell read the caption usdcad Furthermore, the preliminary US Gross Domestic Product Annualized report is scheduled for release on Thursday, with anticipated figures pointing to a 2.1% reading in the fourth quarter, down from the previous 4.8% reading. Should the actual US GDP align with these market expectations, there could be an increased probability of the Federal Reserve implementing a policy rate reduction in the upcoming March meeting.
EUR,NZD Trade Recap, USD/JPY Long, EUR/USD Short, AUD/CAD ShortUSD/JPY 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.
EUR/USD Short
• If price corrects and a subsequent tight two touch tight 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.
AUD/CAD Short
• If price impulses down and a subsequent tight two touch tight 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.
EUR/NZD LongEUR/NZD Long
• If price pushes down to and ideally just 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.