#IDEA/VI LONG TRADE IDEA SETUPGreetings Folks,
today i have prepared a setup of IDEA on NSE
the analysis is as follows
- the price is making bearish structures
- the price has made a temporary higher low, its not validated until the price breaks past the previous lower high
- the volume is minimal, the RR can be good but so is the risk associated with it
dont play with fire, always use a predefined stoploss
IDEA
EURUSD: The price continues to increaseHello dear friends! In today's analysis chart, we can see that the recovery trend continues to develop with today's price trading at 1.060, maintaining a continuous upward trend since the last decline at 1.0460.
The target for this price increase will be two main resistance levels on the 4H chart, which are 1.0661 and 1.0733 respectively.
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XAUUSD is trending downAfter Hamas' surprise military attack on Israel last weekend, safe-haven demand for gold increased sharply. Thereby, December gold price increased by 18.40 USD, to around 1,863.40 USD/ounce.
Besides, the gold market is also being affected by US macroeconomic data about to be published this week. Meanwhile, Marc Chandler, CEO at Bannockburn Global Forex, said the market The gold market needs more economic data to confirm the sustainability and clearer direction of the market.
According to Chandler, currently the gold market is still mainly affected by the strength of the USD and bond yields, not the gold purchasing activities of central banks. He believes that gold will have to move above the level of 1,833 - 1,835 USD/ounce to stabilize the current trend.
OANDA:XAUUSD SELL 1863-1865
✔️TP1: 1858
✔️TP2: 1853
❌SL: 1868
EURUSD has a downward trendThe U.S. dollar rises as capital flows into the safety of the U.S. currency following Hamas's attack on Israel, analysts say. "The escalation of the tension sent a panic into the financial markets on Monday open," Ipek Ozkardeskaya, senior analyst at Swissquote Bank, says in a note. However, it is difficult to predict the extent of the price action on geopolitical shocks, she says. The EUR/USD trades 0.3% lower at 1.0557.
XAUUSD is trending downWorld gold prices tend to increase in the first trading session of the week. Wall Street analysts and retail investors are evenly split on the outlook for gold prices this week.
After a series of days of losses since the US Federal Reserve (FED) kept interest rates unchanged on September 20 and after the US employment report pushed spot gold prices to a new 7-month low of 1810.46 USD, gold is finally showing signs of positive recovery.
Meanwhile, Mr. James Stanley - senior market strategist at Forex.com said that gold will maintain its recent price range but cannot increase in price, and the precious metal may even probe its low level this week. This.
XAUUSD SELL 1850 -1852
✔️TP1: 1844
✔️TP2: 1838
❌SL: 1856
Gold tends to decreaseWorld gold prices tend to increase in the first trading session of the week. Wall Street analysts and retail investors are evenly split on the outlook for gold prices this week.
After a series of days of losses since the US Federal Reserve (FED) kept interest rates unchanged on September 20 and after the US employment report pushed spot gold prices to a new 7-month low of 1810.46 USD, gold is finally showing signs of positive recovery.
Meanwhile, Mr. James Stanley - senior market strategist at Forex.com said that gold will maintain its recent price range but cannot increase in price, and the precious metal may even probe its low level this week. This.
TVC:GOLD SELL 1850 -1852
✔️TP1: 1844
✔️TP2: 1838
❌SL: 1856
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GBP/JPY: Corrective structure is coming?From a technical point of view,, as long as the corrective structure does not fail, a bearish leg is still possible. That being said, if this analysis is correct a 3 or 5 wave bearish pattern should appear. With that in mind, the trend is bullish on the intraday chart, so use small size for this trade, even if the risk is very limited.
EURUSD is trending downSupport for lower EUR/USD remains in early 4Q but becomes less clear in November and December, when seasonality indicates a weak USD and positive risk appetite, SEB Research analysts say in a note. "However, in October, the relative rate spread tends to be supportive of a lower EUR/USD," they say. Current macroeconomic trends also support a stronger USD, with the soft-landing narrative and "higher for longer" monetary policy stance having a strong hold on markets, they say. The euro trades 0.1% lower at $1.0538.
GOLD movement trendWorld gold spot price stands around 1,822.7 USD/ounce, up 3.6 USD/ounce compared to last night. The price of gold futures delivered in December on the Comex New York floor is at 1,836.5 USD/ounce. The gold market did not have much reaction to the new numbers on labor in the US. US 10-year government bond yields left the highest level in the past 16 years. The USD also fell, thereby reducing the pressure on gold.
New York Fed President John Williams said the central bank may hold off on raising interest rates as inflationary pressures, while still high, are returning to the official target.
TVC:GOLD BUY 1819 - 1817🔼🔼
✔️TP1: 1824
✔️TP2: 1830
❌SL: 1812
XAUUSD movement trendWorld gold spot price stands around 1,822.7 USD/ounce, up 3.6 USD/ounce compared to last night. The price of gold futures delivered in December on the Comex New York floor is at 1,836.5 USD/ounce. The gold market did not have much reaction to the new numbers on labor in the US. US 10-year government bond yields left the highest level in the past 16 years. The USD also fell, thereby reducing the pressure on gold.
New York Fed President John Williams said the central bank may hold off on raising interest rates as inflationary pressures, while still high, are returning to the official target.
OANDA:XAUUSD BUY 1819 - 1817🔼🔼
✔️TP1: 1824
✔️TP2: 1830
❌SL: 1812
EURUSD is trending downEuro exchange rate developments on the world market show that the EUR/USD index is currently at 1.0521, an increase of 0.0018 points, equivalent to 0.17% compared to the previous session. After yesterday's sharp decline, today the Euro has decreased. regained recovery momentum. A rebound in oil prices has had a negative impact on the already deteriorating Eurozone economy, and concerns about Italy's fiscal situation mean the downside for the Euro is growing. increases, increasing the possibility of this currency falling closer to the 1 USD/EUR mark. The main reason is because the USD is strong when the US economy is strong. However, there are internal factors, especially the impact of rising oil prices, that put the stagnant Eurozone economy at risk of weakening further.
The common currency is vulnerable to rising oil prices, as net imports account for over 90% of the supply of petroleum products in the European Union. Nomura also forecasts that the Euro will fall to 1.02 USD/euro by the end of the year, a further 3% decrease from the current level.
Direction of movement of XAUUSDWorld gold prices last night almost only fluctuated in the range of 1,820 - 1,830 USD/ounce. By 6 a.m. on October 4, today's gold price was trading at 1,822 USD/ounce, on par with the price at the same time the previous day. According to analysts, after many days of continuous increase, the USD Index has reversed. going down, causing the USD to decrease in value compared to 6 other strong currencies, including: Euro, JPY, GBP, CAD, SEK and CHF. According to the latest figures from the World Gold Council, central banks bought 77 tonnes of gold in August, up 38% from purchases in July. Over the past three months, central banks have purchased 219 tons of gold after record net purchases in the first half of the year. Countries with USD-denominated debt continue to face high financing costs. James Robertson, an analyst at Grant's Interest Rate Observer, said the only way for countries to reduce those costs is to diversify away from the dollar and gold remains the most attractive global monetary asset.
TVC:GOLD BUY 1827-1829
✔️TP1: 1833
✔️TP2: 1837
❌SL: 1822
Direction of movement of XAUUSDWorld gold prices last night almost only fluctuated in the range of 1,820 - 1,830 USD/ounce. By 6 a.m. on October 4, today's gold price was trading at 1,822 USD/ounce, on par with the price at the same time the previous day. According to analysts, after many days of continuous increase, the USD Index has reversed. going down, causing the USD to decrease in value compared to 6 other strong currencies, including: Euro, JPY, GBP, CAD, SEK and CHF. According to the latest figures from the World Gold Council, central banks bought 77 tonnes of gold in August, up 38% from purchases in July. Over the past three months, central banks have purchased 219 tons of gold after record net purchases in the first half of the year. Countries with USD-denominated debt continue to face high financing costs. James Robertson, an analyst at Grant's Interest Rate Observer, said the only way for countries to reduce those costs is to diversify away from the dollar and gold remains the most attractive global monetary asset.
OANDA:XAUUSD BUY 1827-1829
✔️TP1: 1833
✔️TP2: 1837
❌SL: 1822
NZDJPY | COULD BE A GOOD BUY!The 1-4 hour trend is technically bearish, however, we just broke the 4h 100 moving average with a solid bullish engulfing candlestick, our stoploss covers daily moving average, and 12 hour is developing a good price action. Overall I think the higher timeframe bias will continue and this short-term bearish movement should fade. 📈😊
EURCHF | COULD BE A GOOD SELL!Hey Traders,
Today we have a nice rectangle break into a forming decending triangle, with a bearish engulfing candlestick as confirmation, first take profit is at around 20 pips if we manage to break support this trade will drop a lot more. I also like the ma crossover and 12 hour timeframe has nice bounces off 200 MA line.😊📈
EURUSD has an upward trendJulius Baer reduces its forecasts for the euro versus the dollar, now expecting it at $1.04 in three months compared with a previous forecast of $1.10, reflecting recent price movements and as the economyfavors a stronger dollar, economists David Kohl and Stephanie Kennedy say in a note. Given this week's dollar gains, it is increasingly difficult to justify forecasting euro appreciation as the dollar benefits from "a sustained tailwind." As both the Federal Reserve and the European Central Bank have probably completed their cycle of interest-rate increases, movements in the exchange rate will increasingly depend on economic momentum again, they say. Julius Baer forecasts EUR/USD at 1.08 in 12 months' time. EUR/USD falls 0.1% to 1.0458.
XAUUSD likely to increaseWorld gold spot price stands around 1,838.2 USD/ounce, up 13.8 USD/ounce compared to last night. Gold futures price for December delivery on Comex New York floor is at 1,821.3 USD/ounce
The world spot price of gold stands around 1,824 USD/ounce. Gold delivered in December on the Comex New York floor was at 1,840 USD/ounce.
Gold fell mainly because the USD soared to a 10-month peak. The DXY index at the beginning of the trading session on October 3 (US time) continued to stand at a very high level of 107.15 points. In the previous session, this index had a breakthrough from above 105 to above 106 points. This is a very high price compared to the 100 point threshold in mid-July.
Gold was also pulled down because a commodity closely related to gold, oil, cooled slightly.
Meanwhile, US bond yields reached a 16-year high, at nearly 4.7%/year.
OANDA:XAUUSD BUY 1819- 1817🔼🔼
✔️TP1: 1823
✔️TP2: 1827
❌SL: 1814
Predict the direction of gold movementWorld gold spot price stands around 1,838.2 USD/ounce, up 13.8 USD/ounce compared to last night. Gold futures price for December delivery on Comex New York floor is at 1,821.3 USD/ounce
The world spot price of gold stands around 1,824 USD/ounce. Gold delivered in December on the Comex New York floor was at 1,840 USD/ounce.
Gold fell mainly because the USD soared to a 10-month peak. The DXY index at the beginning of the trading session on October 3 (US time) continued to stand at a very high level of 107.15 points. In the previous session, this index had a breakthrough from above 105 to above 106 points. This is a very high price compared to the 100 point threshold in mid-July.
Gold was also pulled down because a commodity closely related to gold, oil, cooled slightly.
Meanwhile, US bond yields reached a 16-year high, at nearly 4.7%/year.
TVC:GOLD BUY 1819- 1817🔼🔼
✔️TP1: 1823
✔️TP2: 1827
❌SL: 1814
BLZ/USDT Signal Alert: Charting the Course! 📈🚀 BLZ/USDT Signal Alert: Charting the Course! 📈
Spotting the Levels:
📍 Current Spot: $0.1512
📈 Potential Resident: $0.1633
📉 Downward Watch: New Spot
🚀 Upward Targets: $0.1767 and $0.1982
📊 Analysis: BLZ/USDT is navigating the crypto seas. Here's your roadmap:
🟢 Stability: If it holds steady at $0.1512, the path to $0.1633 is in sight.
🟠 Uncertainty: Should it dip further, a new spot may form.
🔵 Optimism: In the upward scenario, we aim for $0.1767 and $0.1982.
📢 Trade Strategy: Keep a close eye on BLZ. Be ready to act as per the market's mood. Enjoy the ride with Bitxer! 🌊🌟
EURUSD has an uptrendEURUSD on Monday fell by -0.79% and matched last Thursday’s 8-3/4 month low. The euro was under pressure Monday after the 10-year T-note yield climbed to a 16-year high, which strengthened the dollar’s interest rate differentials versus the euro.
Monday’s comments from ECB Vice President Guindos supported the euro when he said interest rates at their current levels will help bring down inflation to the ECB's 2% target and that talk of rate cuts by the ECB is premature.
Monday’s Eurozone economic news was bullish for the euro after the Eurozone Aug unemployment rate fell -0.1 to match the record low of 6.4%, right on expectations.
OANDA:EURUSD BUY 1.0459 - 1.0469 🔽🔽
✔️TP: 1.0500
❌SL: 1.0429