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Midweek Review - Where to from here? Hey there, so far it's been a slow week, however with very important US and UK economic data releases lining up we could be getting ready for some interesting moves. So see how these moves could possibly affect the markets this week be sure to watch our midweek review and: - Get an overall view of the major pairs along with the possible outcomes. Which means you will be a step ahead of the markets as the data gets factored in leaving you to line up your positions accordingly. - See how you could potentially get a decent runner on Gold and up until were you can trade it, allowing you to plan ahead and take advantage of the current market structure. - Learn what economic events is lined up for the rest of the week and how it could possibly impact the markets moving forward.
by DeanMuller
How To Win, By Learning How To Lose Hey there, so today I would like to introduce the first episode in what I would like start calling Mindset Mondays. So in this session we going to: - Learn how to overcome the fear of losing so you can trade with confidence and fearlessness - Discover how to leverage your losses and maximise your returns resulting in consistent and sustainable equity growth - Learn how to use your emotions as a signal to identify shortfalls and weaknesses in your overall trading approach which means refining your understanding about the markets and yourself, ultimately allowing you to trade with a carefree state of mind. So, be sure to watch all the way through if you want to learn how to win by learning how to lose.
by DeanMuller
The last attempt to increase the index before the correction.Today the S&P500 (ES1!) is trading at 4124. Yesterday, at the market opening, we saw the index rise and then further stabilize with high volatility, which I mentioned to you earlier. However, the volatility was higher than I expected, but that doesn’t change anything. Currently, the market has all the chances to continue a sharp upward surge, with the key level still being 4100. As I mentioned in my earlier post, the 4070 level remains relevant in the market, and many major players will try to increase their positions from this level. However, it is now perceived as a hypothesis in the market. Many speculators didn’t get a chance to open their positions yesterday and will try to do so from the 4157 level, just like a few days ago. Overall, the market remains positive, and a sharp index rise is possible, but this growth will be mainly based on positive news and will have a momentum-based nature. It will force speculators to abandon their plans and let the market grow.The last attempt to increase the index before the correction. What to expect today: Today, at the market opening, I expect the index to attempt stabilization and then drop to the 4115-4100 level. After that, the index will try to grow to the 4157 level, where there are a large number of orders from speculators looking to trade down to 4070. However, if their attempt to bring the index down to this level is broken, we will see a further sharp rise in the index to the 4232 level.
CME_MINI:ES1!Long
by kvatoo_FX
GBPUSD Long, Gold Short? Let's see... Hey everyone, it's been a while, so in today's video we going to be looking at Gold and GBPUSD and here is what you can expect: - What does the quarterly says and how will it impact us moving forward. - What are the specific indicators that could be used as key signals for the direction of price in the coming weeks. - What does the market need to do in order to confirm its direction and how we should go about taking advantage of it. If you have any questions related to today's analysis or would like to add your thoughts, please feel free to do so in the comment section below.
FX:XAUUSD
by DeanMuller
BET ON DXY LONGTERM DECREASE IN VALUE?Back again. FED will be on their target next interest rise, so with that information I suppose that Market starting pricing in this fact. Important will be BoE reaction on this and I assume that they will atleast few times rise, sending Cable upward faster. Corrections meantime are sure thing to grab and shake out retail in wrong direction. If I missed something which can change my longterm bias, let me know in the comments please! Wish you only greens, Jake
Long
by jake1fx
Big altcoin move incomingThe ETHBTC chart is very helpful for identifying when altcoins are about to have a strong move, the reason for that is because Ethereum tends to run the entire altcoin market. It isn't a perfect indicator, but in general if ETH is performing well, then so are many other altcoins. ETHBTC is currently retesting a resistance line that it broke below. This is technically a bearish retest, but if ETHBTC can break higher, this could be the opportunity for much of the money in the market to flow into the altcoins. However, on the other hand, if this bearish retest is confirmed it could be very bad for the altcoin market. This isn't something I would front-run a trade on, but gives us some insight that the next move in the market could be a large one. And it's always good to revisit BTC outlook to see how these may overlap. And in the chart below we can see BTC is still in the range that we have been watching for over a week now. So the scenarios that could play out are the following: ETHBTC bearishly retests and BTC breaks lower, altcoins will get crushed if this happens ETHBTC bearishly retests and BTC breaks higher, altcoins will likely not trade very well. This is similar to some of the altcoin trading we've had in the last few weeks. ETHBTC breaks higher and BTC breaks lower, altcoins could be difficult to trade in this scenario as well, likely a mix between some bleeding out, some moving higher, and some stationary. ETHBTC breaks higher and BTC breaks higher, altcoins will see significant upside if this happens. My motive in these scenarios as I've mentioned in recent posts, is just to remain on the sidelines. I only like to trade when there is a clear advantage on my side and I don't currently see it. So rather than betting on one side, I opt to just keep my capital safe. Happy trading!
by Obscure_Trading
1
AUDJPY 2nd April Based on our analysis of the AUDJPY chart, we have identified a bullish setup that we believe will continue to push prices higher in the coming week. Our primary focus is on the hourly supply zone, which is located at the last major high on the chart. We anticipate that the bullish movement will carry us up to this level and possibly even beyond. To identify our bullish setup, we have been using the 5/15-minute swing move and analyzing the price action on the 15-minute timeframe. We are looking for price to shift higher from one of our major lows, which would confirm our bullish bias. This setup is currently in play, and we are monitoring the price action closely. However, if we don't see the anticipated bullish shift, we will start to consider bearish moves lower. Nonetheless, we understand that we are in a bullish trend, and until there is a confirmed breakdown, we will continue to expect prices to move higher. In summary, our analysis indicates that there is a high probability of a bullish move towards the hourly supply zone, and we will be closely monitoring the price action to confirm this view. If we see any bearish signals, we will reassess our bias accordingly. We'll be closely monitoring market openings and price action throughout the week. If you find this analysis useful, let us know in the comments below and hit the boost button to show your support. Here's to a successful week of trading!
by rosshayes
DXY 2nd AprilAfter reviewing the market trends over the past week, it appears that we are still anticipating a bullish shift to occur in the near future. We have already tapped into the lower swing zone from our breakout level, which signals a potential upward trend. However, for this bullish shift to materialize, we must break the previous high that we put in after the break of structure. Once this occurs, we can expect to see the price shift back into the higher swing move. It is important to note that this process may take some time to fully play out, as market trends can be unpredictable. Nevertheless, keeping an eye on these trends gives us a clear idea of what kind of setups we can look for on our USD related pairs. By monitoring the market closely and making informed decisions based on the trends we observe, we can position ourselves to take advantage of potential bullish opportunities in the future. We'll be closely monitoring market openings and price action throughout the week. If you find this analysis useful, let us know in the comments below and hit the boost button to show your support. Here's to a successful week of trading!
TVC:DXYLong
by rosshayes
2
GBP/USD SHORT- BREAKING BEARISH WEDGE NOWGBP/USD has been on a recent rally after hitting our first TP of our last short. Now it has formed a bearish rising wedge with multiple counts of bearish divergence and it has also rejected its previous resistance. Should the candle close outside of this wedge and then confirm the breakdown we will be short with the targets shown. Set your alerts! The DXY also looks to be double bottoming after its breakout last week And the EUR looks like it's breaking down also with these potential targets. Wait for candle close and confirmation!
Short
by SynergyTradingSetups
BTC Ranging and Planning TradesWe are back to the time where I like to set up for some trades. Some of my favorite trading comes when BTC defines a stable range like it has, this involves being patient to allow BTC to sweep high and low liquidity of the range. But once that range forms and has time to develop, the likelihood of the next move out of the range being a confirmed breakout increases. And we are now at that point where I am reasonably confident that when BTC moves out of this range, it will likely be the confirmed breakout and not a swing failure. So what I am doing at this time is preparing for the altcoin trades that I want to take. I will only enter these when BTC breaks out of the range because I prefer not to get caught up in the noise of trading within the range. So the key here is to time the altcoin entries well so that the altcoin is breaking out of its respective pattern at the same time that BTC is breaking out of its range. This is not a complete list, but here are a few ranging altcoins that I am watching: ETH BAT PEOPLE AVAX
BINANCE:BTCUSD.P
by Obscure_Trading
1
27/03/23 Weekly outlookLast weeks high: $28895.5 Last weeks low: $27735.9 Midpoint: $26576.2 A week of sideways action following the previous weeks strong rally. BTC has currently topped out at a local high of $28895, the volatility of the FOMC event in the middle of the week gave us a sharp decline before a retest of that weekly high in which it was rejected. With the estimated 0.25% rate hike being confirmed the market had this result priced in, but as always with the FED announcements like FOMC & CPI comes volatility no matter the resulting news. Note the importance of the 1H 200EMA purple moving average as support, on 3 separate occasions it provided the best possible entries for longs last week. It will be interesting to see if this pattern continues throughout this week. For me, the floor is at last weeks low, if Bitcoin falls under that area and confirms it as resistance that'll mean we've lost the 1H 200EMA as well and the outlook would be bearish in my opinion. After all this is still just a bear market rally until proven otherwise.
by ProR35
GBP & Gold Reaction to UK Inflation and US Rate HikeTwo significant events have occurred within the past 12 hours, causing both GBPUSD and gold prices to surge. The first event was the unexpected rise in UK inflation, which jumped from 10.1% in January to 10.4% in February 2023, marking the first increase in four months. The primary factor behind this increase was the soaring food and drink prices, which surged at the fastest pace in 45 years. This inflation reading may fuel arguments that the Bank of England needs to boost interest rates again. However, the data might have arrived too late to impact the Bank's interest rate decision, which is due tomorrow. Nevertheless, the GBP rallied against the USD, before subsiding, and then rallying again on the news of the second event. The second event occurred an hour ago, with the US Federal Reserve announcing its latest interest rate decision, which included a 25-basis-point hike. While most of the market had anticipated this move, some participants believed that the Fed might pause its rate hikes. In the post-decision address, Fed Chair Jerome Powell acknowledged that recent economic indicators, particularly job data, have come in stronger than expected. However, Powell noted that the recent turmoil in the banking sector should result in tighter lending conditions, which will help combat the robust economic data. Nonetheless, Powell added that it was too early to determine how monetary policy should respond to the recent banking crisis, but it will play a role in future rate hike decisions. Gold is following a similar path to the GBP/USD and appears to be encountering some resistance at $1,970.
by BlackBull_Markets