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XAUUSD 15M Chart Analysis Swing Trading Zones!Play the chart with simple rules: Buy/Sell into entries when the candle completes above "Long Entry", or when candle completes under "Short Entry" Have small stop losses (10-15 pips) in order to not encounter a fake out (goes above our entry line and goes back down for example) Play with minimum 2 positions. Once trades hits TP1, change stop loss to break even, making it a risk free trade. If passes TP2, change stop loss again to TP1 to lock in profit if trade goes in reversal. Have tight stop losses to lock in profit, If trade hits TP3, closes. If you do see a reversal (For example going from TP2 short to TP1 short, get into a BUY and have take profit @entry point) Do not trade in-between the Long Entry, and Short Entry! That's my range, and often it will just stay in there until a break out. Range is tight, so please have stop losses and take profits involved when trading!
OANDA:XAUUSD
by CoverchefsFX
XAUUSD - KOG REPORT!In last weeks KOG Report we suggested we would stay bearish on the market as long as the price stayed below the 1824-7 price level but we would be trading with our 1833 KOG target in mind. We said we would be looking at another attempt on the lows and that 1812-08 region support could be an opportunity to then take the long to target the higher resistance levels. We suggested we would like to test the short trade from the resistance levels but due to the change in structure we updated during the week that we would be targeting higher levels instead. This bullish move also completed our 1833 KOG target which we had been looking at for the last few weeks in our KOG reports. So what can we expect in the week ahead? We’ll start by saying, yes, we’re still playing bearish on this only taking long trades into the resistance levels. Until we break and hold above that 1855-65 price region we will remain with this view. The benefit of level to level trading is you can target both long and short trades with your bias being on getting the right entry to hold for your direction, which in our case is short. We are however expecting more bullish movement on Gold this week potentially targeting that higher resistance level which we had stated and planned for on our post about “Trading the Range”. Please read this report is you haven’t already as we have updated it last week. We’re hoping for the price to use the lower support regions as a base to settle before a push up during the week into the higher resistance levels of 1845, 1855-60. We have a KOG target both above and below, so we’re hoping the higher on gets completed first and then the price declines to target the lower one. Our plan for the week: We will be looking for a potential test on the 1840-45 resistance level during the early sessions where we feel the price may face resistance. Depending on this level holding we may test the short trade but only into the immediate support levels below of 1835, 1830 and below that 1827. The 1827-24 price region is where we’re hoping the price will find support which if it holds, we want to test the long trade for that higher price level of 1845, 1850-55 and above that 1860. These higher resistance levels are where we will be waiting to take our positions for the short trades back down in to the lower support levels that start at 1810 and below. That higher region of resistance is the last opportunity for bears to hold their ground and we feel that is where they’re waiting for the bulls to take the price. Breaking above that higher level with change our stance on Gold and we will turn bullish on this. Until then we’ll be in and out level to level making the most of the range. We have FOMC this week so please trade carefully, unless this gets priced in which is very possible there is going to be a lot of choppy price action and aggressive swings in the markets this week. We will update you with our plans and analysis throughout the week as we have been. Wishing you a successful weeks trading ahead. As always, trade safe. KOG
FX:XAUUSD
by KnightsofGold
14
EURO US DOLLAR SHORTThe euro changed hands at $1.135 during the third week of January, down from a recent two-month peak of $1.148 and following a jump in yields over the past few days. Concerns over imminent policy tightening in the US resurfaced after several Federal Reserve officials signaled they were prepared to hike interest rates in March to combat inflation. At the same time, the European Central Bank is seen slower than other major central banks in tightening monetary policy, with markets pricing in a 10 basis-point rate hike from the European Central Bank in September and betting on a second rate hike by December.
Short
by DaveBrascoFX
GoldViewFX - RANGE BOXING = RANGE VIEW - STRATEGYHey All, We had some great feedback from our back to BENCHMARK strategy (see related post below) and wanted to share another simple strategy that I have been developing and using for many years that I call, Range Boxing. A term I thought was the perfect cliche of two words for this strategy. RANGE BOXING creates what we call a RANGE VIEW; A clear view for price action within pre-determined zones. This then allows us to trade a ranging market and get out before a RANGE BREAKER or gear up to ride the RANGEBREAKER by identifying the RANGE SHIFT. I will define each term below and then walk you through the strategy. RANGE SHIFT This is the early signs of a range breaker or a merger of a range and allows us to start identifying when the price is about to break out of a range or MERGE (more likely). RANGE BREAKER The break out of the range into another range confirmed with EMA5 break and candle body close above or below the RANGE BOX RANGE BOX Boxes created around a side by side price range, defining the top and bottom of the box with EMA5 Goldturns (See all my previous posts on Goldturns) Its the way we draw SUPPORT and RESISTANCE. They create levels with less noise and more suited to trade Gold. Please see example below of a RANGE BOX, created using GOLDTURNS. RANGE VIEW This is created by using historical range boxes in the same range and bringing over the boxes to the current price range. This now gives you the view of the projected range. HOW TO USE THE STRATEGY Strategy can be used on higher time frames for longer term direction, however I find it more effective to trade with on the 1 HOUR and or 4 HOUR chart. I zoom out of the chart and look for the last time the price was in this range and identify the 3 ranges. One range above (RANGE1), the middle range (RANGE 2) and the bottom range (RANGE 3). I then created boxes around those ranges 1,2 and 3 using the highs and lows of the Goldturn levels. (See example above). Once this is done, I now bring those boxes and stretch the boxes across to the current price range. This now gives us the RANGE VIEW. I always put a half line across the range of a RANGE VIEW. It allows me to break down the zone to identify the RANGE SHIFT. I can now trade the current range using these levels, bouncing up and down the range. Identifying each level break and rejection using Goldturns and EMA5 breaks. If a box is broken with EMA5 and a candle body close, its a range breaker and it opens target to the entrance of the next RANGE BOX. To enter the RANGE BOX we again look for EMA5 to break inside with a candle body close, which then confirms movement to the half line and then same again for the target to the top of the RANGE BOX. A rejection by resistance, will then have the price come back down to find support, until we see another breakout. We can start to identify early breakouts by identifying a RANGE SHIFT and a fake BREAKOUT by Goldturn rejection. Please see the example of the chart, RANGE 3 into RANGE 2. When the half line is broken up from range 3, price started to find support on the half line from resistance to support. This allowed us to identify the structure for a RANGE SHIFT. RANGE SHIFT's are easier to catch then a RANGE BREAKER, as a RANGE SHIFT is a merger approach into a new range. I can now also apply the Back to BENCHMARK strategy, as an overlay on each range to support a BREAKOUT or RANGE SHIFT. I hope you all find this setup useful and it adds as an additional tool to support your trading analysis. Please don't forget to like, comment and follow, it really helps us to bring more quality content to you all. GoldViewFX XAUUSD TOP AUTHOR
FX:XAUUSD
by Goldviewfx
19
XAUUSD 15M Chart Analysis Swing Trades!Play the chart with simple rules: Buy/Sell into entries when the candle completes above "Long Entry", or when candle completes under "Short Entry" Have small stop losses (10-15 pips) in order to not encounter a fake out (goes above our entry line and goes back down for example) Play with 2-3 positions when going into a trade, Take first 1 out at TP1, 2nd one TP2, 3rd one try and let it run to TP3 and create its stop loss @ TP1 to lock in profit no matter what happens. These TP's will hit fast after they break out of my range and go past a entry!
OANDA:XAUUSD
by CoverchefsFX
BTCUSD 15M Chart Analysis Swing Trades!Play the chart with simple rules: Buy/Sell into entries when the candle completes above "Long Entry", or when candle completes under "Short Entry" Have small stop losses (10-15 pips) in order to not encounter a fake out (goes above our entry line and goes back down for example) Play with 2-3 positions when going into a trade, Take first 1 out at TP1, 2nd one TP2, 3rd one try and let it run to TP3 and create its stop loss @ TP1 to lock in profit no matter what happens.
BITSTAMP:BTCUSD
by CoverchefsFX
BTCUSD 15M Chart Analysis Trading Zone!Play the chart with simple rules: Buy/Sell into entries when the candle completes above "Long Entry", or when candle completes under "Short Entry" Have small stop losses (10-15 pips) in order to not encounter a fake out (goes above our entry line and goes back down for example) Play with 2-3 positions when going into a trade, Take first 1 out at TP1, 2nd one TP2, 3rd one try and let it run to TP3 and create its stop loss @ TP1 to lock in profit no matter what happens.
BITSTAMP:BTCUSD
by CoverchefsFX
1
BTCUSD 15M Chart Analysis Swing Trades!Play the chart with simple rules: Buy/Sell into entries when the candle completes above "Long Entry", or when candle completes under "Short Entry" Have small stop losses (10-15 pips) in order to not encounter a fake out (goes above our entry line and goes back down for example) Play with 2-3 positions when going into a trade, Take first 1 out at TP1, 2nd one TP2, 3rd one try and let it run to TP3 and create its stop loss @ TP1 to lock in profit no matter what happens. BITSTAMP:ETHUSD
BITSTAMP:ETHUSD
by CoverchefsFX
Forex Updates 10/1/2022 (DXY)Hello everyone, as we all know the market action discounts everything :) _________________________________Make sure to Like and Follow if you like the idea_________________________________ The dollar was up on Monday morning, kicking off the week strongly, as investors wagered that U.S. inflation data and appearances by key U.S. Federal Reserve officials would enhance the case for interest rate hikes. The U.S. Dollar Index Futures, which monitors the dollar against a basket of other currencies, had risen 0.19 percent to 95.905. The USD/JPY exchange rate rose 0.23 percent to 115.81. The Japanese stock exchanges were closed for a holiday. The AUD/USD pair rose 0.27 percent to 0.7198, while the NZD/USD pair fell 0.07 percent to 0.6775. The USD/CNY pair fell 0.06 percent to 6.3738 ahead of China's consumer and producer price indexes, which are due on Wednesday. The USD/GBP exchange rate rose 0.02 percent to 1.3588. This week, Fed Chairman Jerome Powell and Governor Lael Brainard will speak separately before Senate committees on their nominations to be Fed chair and deputy chair, respectively. The dollar experienced some selling after a weaker-than-expected December U.S. jobs report, particularly non-farm payrolls, pushed investors out of long dollar holdings. Investors are now looking forward to the release of inflation statistics, particularly the consumer price index, later this week. However, if money markets fully price in a Fed raise in March 2022, the greenback would likely lose speed and the index would head around 94. The pound was also somewhat weaker against the US dollar. However, it has been rising because to expectations that the Bank of England (BOE) will raise interest rates in tandem with the Fed. Resistance points for the DXY : 1) 96.25 2) 96.78 3) 97.09 Support points for the DXY : 1) 95.42 2) 95.10 3) 94.58 This is my personal opinion done with technical analysis of the market price and research online from Fundamental Analysts and News for The Fundamental point of view, not financial advice. If you have any questions please ask and have a great day !! Thank you for reading.
TVC:DXY
by GabiDahduh
Forex Update : the yen falls to a five-year low.Hello everyone, as we all know the market action discounts everything :) _________________________________Make sure to Like and Follow if you like the idea_________________________________ The yen plummeted to a near five-year low versus the US dollar, and other currencies suffered losses, as investors bet that the Bank of Japan (BOJ) will lag behind its peers in tightening monetary policy to combat excessive inflation. The US Dollar Index, which measures the greenback against a basket of other currencies, fell 0.04 percent to 96.240. The USD/JPY exchange rate fell 0.18 percent to 115.93. The AUD/USD pair fell 0.13 percent to 0.7229, while the NZD/USD pair fell 0.21 percent to 0.6798. The USD/CNY pair was unchanged at 6.3723, while the GBP/USD pair fell 0.02 percent to 1.3529. On Tuesday, the yen fell to a five-year low of 116.35 per euro, as well as through its 200-day moving average to a two-month low of 131.45 per euro. Earlier in the session, it was trading at approximately 131.06 per euro, while sliding to a more than six-year low against the Swiss franc and a seven-week low against the Australian dollar. This resulted in a dramatic increase in US Treasury yields in the initial trading days of 2022, with the yen suffering as the yield spread between the US and Japan increased. Meanwhile, the Federal Reserve of the United States will issue the minutes of its December meeting later in the day, which will be analyzed for hints about the central bank's rate hike schedule. Traders are looking forward to the U.S. jobs report, which contains the non-farm payrolls and is due on Friday, for more information. However, with Fed Funds futures indicating that investors expect an interest rate hike by May 2022, Analysts now anticipate two 25-basis-point raises in March and June, rather than a single boost in September. Resistance points for the USD/JPY 1) 115.41 2) 115.76 3) 116.32 Support points for the USD/JPY 1) 114.51 2) 113.96 3) 113.61 This is my personal opinion done with technical analysis of the market price and research online from Fundamental Analysts and News for The Fundamental point of view, not financial advice. If you have any questions please ask and have a great day !! Thank you for reading.
by GabiDahduh
XAUUSD - KOG REPORT!In last weeks KOG Report we said we were in long holding positions from below. We suggested we would like to see another attempt on the lower support regions which the 4H and 12H charts were suggesting due the potential double tops. We said we had higher levels of 1817 and 1824 which we would be our immediate targets and this is where we would reduce our long exposure only holding a portion of any long trades we had from below. We said we would be looking for the higher price regions of 1830-35 and above that 1850-55 for our short entries. The lower support levels held which we had shown on the charts and it gave traders a good opportunity to long the market into our immediate targets which were both completed by market close. A great end to the year for KOG members. So what can we expect in the week ahead? We would like to see Gold get some more buyers in a little higher so we are anticipating a challenge around the 1830-35 price region. We can expect this to either open with aggressive bullish momentum to target that area straight away, find resistance and make a move down, or ideally come down towards the lower support levels and then begin another incline to target that level. Please note, breaking this level will push the price to more gains potentially targeting that higher trend line resistance and key area of 1850-55 where we hope to see resistance again. Our plan: If the market opens and targets that higher resistance level of 1830-35 we’ll be looking to short it back down towards the lower support regions of 1815-10 as the first initial target and below that 1800-1797. We have a target at 1785 so we would like to see this achieved at some point during the week. We also have a higher target of 1833 so there is a chance we open, hit that level and then take a small decline from around that region to the lower support levels then push back up. What we want to see is how the price reacts at the higher resistance levels and how they hold as we think these resistance levels would be good opportunities to test the short trades. The higher resistance level is 1850-55 (potentially just short of this region), this level we feel could be a possibility so play it safe. We are still bearish on this as long as its creating lower highs so for us to go long again we would need to see the extreme lower levels acting as support to take the trades. Rather we would like to see these higher level achieved and test the short trades to hold for the longer term. This is Gold, so you know it won't make it easy, thats why lots sizes and money management are really important. Support levels: 1824 1820 1810-12 and below that 1800-1797. Resistance levels: 1830-35 1838 1845-7 1850-55 1866-70 Yearly timeframe: We have added the yearly chart to show the closing candle for the year. You can see that it failed to close above last years closing price where it rejected. It also shows the potential range for the months ahead going into 2022 where the lower support stands at around the 1670 price point. If you’ve been following our analyses you’ll know we have a target lower than that so based on the higher timeframe, its looking like we could be in for a few bearish months on Gold. Monthly Timeframe: We’ve published this chart before and we’ll stick to the plan on this. We’re looking for the lows below the 1600 price point as long as the price stays below the 1885-95 price point. There is a chance they can drive the price upwards towards that level which will still maintain the structure and still give us a lower low. This is a long term timeframe so can take months to play out, that’s if they even take it there. This is published for reference only to give you an idea of what we’re looking at. In all honesty this is going to be a difficult one to predict, it’s the opening of a new yearly candle and we’ll see the return of volume back into the markets after the festive period. We’ve seen the markets open in the new year with some very aggressive movement so please be careful, movement that looks out of the ordinary please stay out of it, wait for the price to settle and then look to take your positions. If you really want to see what can happen take a look at the opening few days of the markets last year. As always, trade safe. KOG
FX:XAUUSD
by KnightsofGold
19
Forex Update for 3/1/2022Hello everyone, as we all know the market action discounts everything :) _________________________________Make sure to Like and Follow if you like the idea_________________________________ The dollar was up in Asia on Monday morning, but holidays in many key Asia Pacific markets meant it had a quiet start to 2022. The U.S. Dollar Index, which measures the greenback against a basket of other currencies, was up 0.29 percent to 95.870. The USD/JPY exchange rate rose 0.19 % to 115.30. The AUD/USD rate fell 0.13 % to 0.7250, while the NZD/USD rate rose 0.09 % to 0.6830. The USD/CNY pair was unchanged at 6.3561, while the GBP/USD pair fell 0.21 % to 1.3501. The markets in Japan, China, Australia, and New Zealand were all closed for holidays, making it harder to see the dollar's true movements. The global proliferation of the omicron COVID-19 variation has also had an effect on emotions. Although the number of cases in the western Chinese city of Xi'an has decreased, estimates from Johns Hopkins University reveal that the global number of illnesses has surpassed 290 million as of January 3. Meanwhile, earlier in the day, China Evergrande Group's Hong Kong shares were banned from trade, with the property developer declining to specify a reason for the suspension. Cifi Holdings, a Chinese property developer, offered to buy China Evergrande's outstanding 5.5 percent bond due in 2022. According to Cifi Holdings' Hong Kong stock exchange filing, the offer was $1,000.5 for each $1,000 in principal amount plus accrued and unpaid interest. The opportunity to purchase the remaining $505.1 million in notes expires on January 7. Investors are also looking forward to China's Caixin manufacturing and service purchasing managers indexes, which are due later this week. This is my personal opinion done with technical analysis of the market price and research online from Fundamental Analysts and News for The Fundamental point of view, not financial advice. If you have any questions please ask and have a great day !! Thank you for reading.
TVC:DXY
by GabiDahduh
Forex Update for 30.12.2021Hello everyone, as we all know the market action discounts everything :) _________________________________Make sure to Like and Follow if you like the idea_________________________________ The dollar rose in Asia on Thursday morning, but it remained near the low end of its previous range, as did the Japanese yen. However, movements remained minor due to holiday-thinned trading and as concerns about the omicron COVID-19 version dissipated. The US Dollar Index, which measures the greenback against a basket of other currencies, had risen 0.01 percent to 95.935. The US dollar was bolstered by rising US Treasury yields, with benchmark 10-year yields reaching 1.56 percent on Wednesday, the highest since Nov. 20, 2021. After plunging to a one-month low of 115.03 on Wednesday, the USD/JPY pair gained 0.08 percent to 115.03. The AUD/USD pair increased 0.19 percent to 0.7261, while the NZD/USD pair increased 0.22 percent to 0.6845. The USD/CNY pair rose 0.02 percent to 6.3692, while the GBP/USD pair rose 0.04 percent to 1.3491. The Turkish lira was trading at 12.6 per dollar in emerging markets after falling 6.9 percent on Wednesday. The lira has lost 40% of its value in 2021 thus far, but it gained more than 50% last week as a result of state-backed market interventions. Turkish Finance Minister Nureddin Nebati said on Wednesday that the lira's present volatility was not cause for concern and that it would return to normal levels. Despite a surge in COVID-19 cases worldwide as omicron spreads, investors' risk appetite increased as many governments refrained from lockdowns. According to figures from Johns Hopkins University, the global case count surpassed 284 million as of December 30. Other investors, however, cautioned against reading too much into the changes, since trades remained light as the year came to a close. This is my personal opinion done with technical analysis of the market price and research online from Fundamental Analysts and News for The Fundamental point of view, not financial advice. If you have any questions please ask and have a great day !! Thank you for reading.
TVC:DXY
by GabiDahduh
12
Forex Update for 29/12/2021Hello everyone, as we all know the market action discounts everything :) _________________________________Make sure to Like and Follow if you like the idea_________________________________ The dollar edged higher on Wednesday as a recent rise in stocks appeared to be winding down, but holiday-thinned trade meant markets were displaying little meaningful direction. The dollar index, which measures the greenback against key peers, reached 96.240 during the day, up from Monday's closing of 96.068, and advanced against most other major currencies after the euro fell 0.14 percent on Tuesday. The euro was last trading at $1.1305, while the pound fell from a five-week high to $1.3433. Analysts said it was difficult to read too much into the swings because many traders had taken time off for Christmas or the end of the year. "Things are basically noise right now," said Kyle Rodda, an analyst at IG Markets. "We're definitely seeing a soft risk-on/risk-off dynamic going on with stocks down somewhat, and the dollar has caught a bid on the inverse of that." The Fed is widely projected to begin raising rates before many other major central banks, including the European Central Bank, which has helped the dollar index have its best year since 2015 in 2021. MSCI's broadest index of Asian shares outside Japan fell 0.3 percent on Wednesday, while the S&P 500 and Nasdaq Composite also closed slightly lower overnight, despite the fact that the S&P 500 had gained for four straight days and touched a record intraday high earlier in the session. Markets have been mostly trading based on shifting assessments of the impact of the Omicron version of COVID-19, with the recent bounce in risk assets such as equities based on the belief that the new strain will not significantly disrupt the global economic recovery. On Monday, U.S. health officials reduced the recommended isolation time for Americans with asymptomatic COVID-19 cases to five days, down from ten days previously. The yen, which had been sinking alongside the stock market's gains, pared its losses on Wednesday. It was recently at 114.82 per dollar, down from 114.94 on Tuesday. The dollar was also bolstered by a jump in two-year Treasury yields, which reached 0.758 percent on Tuesday, a near two-year high, before falling little to 0.7461 percent. The Australian dollar remained stable at $0.7232. This is my personal opinion done with technical analysis of the market price and research online from Fundamental Analysts and News for The Fundamental point of view, not financial advice. If you have any questions please ask and have a great day !! Thank you for reading.
TVC:DXY
by GabiDahduh