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SILVER - DAY TRADE VIEWSILVER - As per the price action, trend lines , & technical indicators silver is expected to go down from the current price. My approach will be a sell here at current price 25.554 Potential downside target 25.090 - 24.700 Maintain stop loss around 26.105 Trade as per your risk appetite, I will be glad to see your likes & comment. Why you should follow this tradingview account ? Managed by top most renowned trader - Pulak Priyesh 10 + years of trading experience Professional Day trader Excellence award winning mentor Professional chart, clear chart without junks. Major S/R levels with inner insights Frequent Day & Swing trade levels All major and minor FX/INDICES covered. Thanks
FOREXCOM:XAGUSDShort
by Professor_GS
CADCHF: Pullback from Key Level CADCHF is testing a major weekly structure resistance. Taking into consideration that the market is quite overbought, chances are high to see a pullback from that. Your confirmation will be a bearish breakout of a rising parallel channel on 4H. While the price is within, the market remains sharply bullish. The breakout will signify a local shift in market sentiment and will push the pair to local structure level. First goal will be - 0.732 In case of a bullish breakout of the underlined resistance, setup will be invalid.
Short
by VasilyTrader
9
Carry Trades, Margin Rates and all the FakesFor some strange reason the retail trade still appears to believe that the good old stand-bys are working as carry trades" ( AUDJPY , NZDJPY , GBPJPY , etc.) The fact remains that today, those don't even make the Top 5 of professional traders' (e.g., the industry) preference list. Interest rate differentials combined with existing margin rates make most of the majors crosses a very unappealing proposition as far as carry trades are concerned. Because of this the industry has moved on, quite some time ago. (As is the nature of the present, speculative bubble.) As for the top 5 of the majors, it's mostly about the US Dollar ; 1) USDCHF 2) USDJPY 3) EURUSD 4) NZDCHF (This one is likely to drop a few places, soon.) 5) CADCHF Then, there is the rampant "interest" (i.e, speculation) in all things BRIC vs. G10, for reasons which should be self evident. (Interest rate differentials, capital flows, etc.) I.e., MNX, CNH , BRL , ZAR , TRY versus the EUR, JPY and the USD. Thus, if one happens to be looking for volatility and low-hanging fruit out there, these FX pairs are deserving a fresh look. (They are volatile, though thus, be prepared!) Here is the "Central Bank Score Board"; ------------------------------------------------ - Swiss National Bank -0.75% - Bank of Japan -0.10% - Federal Reserve 0.00%-0.25% - European Central Bank 0.00% - Bank of England 0.10% - Reserve Bank of Australia 0.10% - Bank of Canada 0.25% - Reserve Bank of New Zealand 0.25% - Central Bank of Brazil 2.00% - Reserve Bank of India 4.00% - Reserve Bank of Russian Federation 4.25% - People's Bank of China 4.35%
by Nemo_Confidat
Is Euro Pound going to melt down? or... After a 4 year Expanding Triangle corrective move from 2017, EURGBP made an impressive impulsive move up in early 2020, followed by a corrective move ever since. We are now at some significant Fib retracement levels and it is decision time for this pair. Either we find some support around here somewhere and start to see an impulsive move up which would signal the potential continuation of the weekly/monthly uptrend, or we see some further downside with a view to test the next support levels and/or the bottom on the triangle before it chooses its next direction. Considering the Fib levels we're at and the divergence we're seeing on the momentum indicators I'm expecting at least a bounce/consolidation period soon. We'll be watching this pair like a hawk for signs of a turn in the network. Give us some love with a Like and a Follow for more ideas. Cheers Dale DISCLAIMER: Just ideas, no crystal ball, NO ADVICE. The information presented here is general in nature and is for education purposes only. Nothing should be considered to be advice. You should consult with an appropriate professional for specific advice tailored to your situation.
by OrganicFX
6
GOLD - DAY TRADE VIEWGOLD - As per the price action, trend lines , & technical indicators gold is expected to go down from the current price. My approach will be a sell here at current price 1787 Potential downside target 1772 Maintain stop loss around 1794 SECOND SCENARIO - AS GOLD IS QUITE VOLATILE ( BUY ABOVE 1792 STOP 1784 TARGET 1804) Trade as per your risk appetite, I will be glad to see your likes & comment. Why you should follow this tradingview account ? Managed by top most renowned trader - Pulak Priyesh 10 + years of trading experience Professional Day trader Excellence award winning mentor Professional chart, clear chart without junks. Major S/R levels with inner insights Frequent Day & Swing trade levels All major and minor FX/INDICES covered. Thanks
OANDA:XAUUSD
by Professor_GS
3
EURUSD - WEEKLY ANALYSIS EURUSD - Follow the levels for upcoming week, based on trend lines and price action it is expected to go upside. My approach will be a buy here at current price 1.21300 Maintain stop loss around 1.20400 Potential downside target 1.22800 Trade as per your risk appetite, I will be glad to see your likes & comment. Why you should follow this tradingview account ? Managed by top most renowned trader - Pulak Priyesh 10 + years of trading experience Professional Day trader Excellence award winning mentor Professional chart, clear chart without junks. Major S/R levels with inner insights Frequent Day & Swing trade levels All major and minor FX/INDICES covered. Thanks
Long
by Professor_GS
1