Federal Reserve Interest Rate Decision!This Wednesday is the next Interest Rate decision by the Federal Reserve. This time last September the rate got raised to 5.5% & since then rates have not been lowered at all. Markets have been pricing in a rate cut down to 5.25% this week, for the first time in the past 1 year. If the Federal Reserve don't lower rates as expected, expect some serious market volatility!
What do you think the Fed will do? Cut rates or hold steady?
J-DXY
GOLD BULLISH TO $2,604 - $2,630Considering how bullish the weekly candle has closed, I do not believe that Gold has topped yet.
I think Wave III is close to completion, meaning we’re waiting on the following according to my EW strategy👇🏻
1. Wave IV correction (A,B,C Sub-Wave)
2. Wave V (W,X,Y Sub-Wave) as the final bullish leg UP!
We should see Gold buyers temporarily top between $2,608 - $2,640 in the coming week or 2. This’ll be Wave V! Should then be followed by a correction📉
XAUUSD 16/09/24This week for gold, we are building on the overall outcome of last week's price action, which was a new all-time high—a move we’ve been anticipating for the past few weeks. Price action remains clearly bullish and continues to maintain its upward bias across both higher and lower timeframes.
With this in mind, we need to wait for a clear high to form within the hourly to daily timeframes in order to determine where we expect the price to pull back to until the high of our range is established. For now, we are simply anticipating price action to continue moving upwards. Please refer to the chart for potential short-term price pullbacks if the current high is maintained.
We have a straightforward trajectory of institutional price action heading to the upside. There is a clear area of demand that broke the previous all-time high, so a pullback to these areas is possible. However, until a new high is established, we can’t form a solid short-term pullback bias.
Remember, when prices are reaching new all-time highs, the last thing you want to do is short the market. Therefore, our bias remains long, as it has been for the past several months.
Trade safely, stick to your risk management, and always follow your plan.
Levels discussed on Livestream 16th September 16th September
DXY: Look to trade slightly lower to 100.55 support, should stay below 101 to maintain bearish
NZDUSD: Sell 0.6150 SL 15 TP 75 (Hesitation at 0.6110)
AUDUSD: Sell 0.67 SL 30 TP 60
GBPUSD: Buy 1.32 SL 20 TP 60
EURUSD: Buy 1.1145 SL 20 TP 55
USDJPY: Sell 139 SL 50 TP 100
USDCHF: Sell 0.8430 SL 40 TP 80 (Hesitation at 0.84)
USDCAD: Sell 1.3560 SL 20 TP 70
Gold: Needs to stay above 2570 to climb and test 2600 ATH round number resistance level
XAUUSD H4 Analysis - Bullish or BearishPair Name = Gold
Timeframe = H4
Analysis = technical + fundamentals
Please see the Above chart To see The Gold Next Moves.
We are currently in new Price Ranges. But we are also using our previous analysis and data to Follow the exact Path.
Currently We Can see between two strong support and Resistance levels. As we can see at chart 2590 Gold Price level and 2663 Gold Price level.
EMA 5 is indicating the trend of the market. EMA Cross over can range between 2577 to 2580. That indicates if Price breaks this level. Then we will see a small retesting period.
This kind market allow us to buy the dip and cash another next trend move.
Strongest retesting zone exists between the price level 2545 to 2556 price level.
EMA 5 Crossing levels:-
2580 To 2577
Retracement Zone:-
2545 To 2555
Bullish Gold Levels:-
2590
2615
Bearish Gold Levels:-
2564
2556
2545
2530
Stay tune we Will update again when market will give up another good direction move. With Different different time frame we check the market to get the Accuracte analysis according market next move.Happy trading.
More Upside For XAUUSDAs Gold approaches the 2600 level, I'm anticipating some volatility around this resistance level before a continuation higher.
FED cutting rates this week could push gold higher, especially if we see the DXY lose ground.
However, volatility is could be high, with choppy price action around this resistance level.
Look for short term upside scalps or to buy on retracement.
DXY Will Go Up From Support! Buy!
Please, check our technical outlook for DXY.
Time Frame: 12h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is on a crucial zone of demand 100.844.
The oversold market condition in a combination with key structure gives us a relatively strong bullish signal with goal 101.825 level.
P.S
We determine oversold/overbought condition with RSI indicator.
When it drops below 30 - the market is considered to be oversold.
When it bounces above 70 - the market is considered to be overbought.
Like and subscribe and comment my ideas if you enjoy them!
EURUSD 15/09/24Starting this week as always with EUR/USD, we saw a drop as we predicted last week, clearing liquidity and taking out the last major low. However, we haven’t hit our area of demand, meaning this area is still in play, as shown on our chart. A new area of demand has formed, and there is liquidity below the low from which this new zone has emerged.
Based on the higher timeframe zone and current price action, I believe we could see a bullish shift after we drop into the demand area. Of course, we may not reach that point, but if we do, I'll be looking for a clear long opportunity or, if demand fails, to go short toward the major low.
Keep it simple: trade your plan and always stick to your risk management!
BTC - Explanation of Potential 35,000 / 10,000 Drop & SummaryIn this video I detail out why I believe we will see a significant crash on Bitcoin, dig into the mechanics of how a drop to $10,000 is possible, talk about the US Dollar and macro ideas for Bitcoin, and summarize my trading ideas and why I am anticipating its a good trading opportunity.
Any questions or comments, please feel free to ask or leave your own input.
This is never about ego or being right over anyone else - we are in this together and all have the same goals.
DXY Its about DXY in a high timeframe analysis. the price is currently at a critical daily level and is indicating signs of potential rejection from this level.
Considering this analysis, here are some key points to take into account:
1. **Critical Daily Level**: is significant as it may act as a strong support or resistance point for the DXY.
2. **Rejection Signal**: The signal showing a potential rejection from this level implies that there could be a shift in momentum or a reversal in the price movement.
3. **Confirmation**: It's essential to seek confirmation from other technical indicators, price action patterns, or fundamental factors to validate the potential rejection and strengthen your analysis.
4. **Risk Management**: Implementing risk management strategies, such as setting stop-loss orders, is crucial to protect against adverse price movements in case the rejection signal does not play out as anticipated.
5. **Market Monitoring**: Stay updated on economic data releases, geopolitical events, and other factors that could impact the US dollar to make well-informed trading decisions.
By considering these factors and conducting thorough analysis, you can better navigate the market dynamics surrounding the US Dollar Currency Index in high timeframes. If you need further assistance or more detailed insights, feel free to ask.
GOLD BULLISH TO $2,620!Considering how bullish the weekly candle has closed, I do not believe that Gold has not topped yet.
I think Wave III is close to completion, meaning a Wave IV correction should follow next week during the FED data, followed by a final bull run of Wave V towards the $2,600 mark!
Is Gold signalling a crisis? Gold is going parabolic and typically that doesnt mean a good thing.
Now there are many reasons this could be rallying and likely a combination of the few.
- Fed Rate Cut
- Geo political tension
- Weak Fiat currencies
- Currency Crisis
- Weakening economies
In a time where gold enters these monthly extreme RSI moves it typically signals a good time to start trimming.
Gold usually goes through a multi month correction but this could also spill into other asset classes.
As the steepening effect on the 10y/2y finally was confirmed today, large macro implications could follow and this is exactly what Gold confirmed this week.
DXY UPDATED w/ Eurozone Interest Rate & U.S. Jobless Claims originally posted here . 102.500 DXY in the coming weeks?
The Eurozone has opted to keep interest rates stable at 3.65%, signaling a wait-and-see approach to current economic conditions.
Meanwhile, U.S. jobless claims have come in 3,000 lower than expected, reflecting a stronger U.S. labor market.
This divergence in data is likely to put pressure on EUR/USD, with the U.S. dollar gaining strength from robust employment figures while the Euro remains steady amid unchanged monetary policy. I’ll be watching for potential bullish DXY into the next trading sessions.
DXY Bullish Bias: Price Action & Data AlignmentWhile U.S. economic data hasn't been stellar, it's still holding up well enough to support the dollar. Intra-week price action (8/26/24 - 9-6-24) reflects this, with strong upward movement indicating a continuation of the bullish trend.
Keep an eye on key support levels and potential pullbacks, as this bias could persist heading into the coming weeks.
Blue ATR is monthly
Purple ATR IS weekly
Completion of the correction of the dollar index DXY.H4 13.09.24Completion of the correction of the dollar index DXY
The dollar index has completed its upward correction and now we are waiting for a downside downdraft on the Fed on the 18th of September. In fact, the currency futures expiration has now passed and the gap that you see in the quotes is caused by a large divergence of forward point, that is a purely technical picture. Some suppliers may have different quotes by the numbers.
From current levels +- I expect a correction up again and a continuation of the fall after Powell's speech on Wednesday 18 September. I do not set targets at the low yet, I will be looking at it in the process
DXY: Strong Bearish Bias! Sell!
Welcome to our daily DXY prediction!
We made our analysis today using SMC and ICT trading theories, which, combined with our trading experience all point to the downside. So we are locally bearish biased and the target for the short trade is 100.823
Wish you good luck in trading to you all!