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Nakedchartanalysis

XAUUSD UPDATEhi all The FOMC meets eight times per year and releases forecasts in March, June, September, and December. In June, the Fed announces two rate increases. In July, 1st raises the rate to 5.50. Since the impact of oil only recently begun in September, I doubt the FOMC will hike interest rates to 5.75 percent this week. As a result, the FOMC will hike rates for the 2nd time in October, to 25 basis points, once the October CPI data exposes the damage by oil cut. After the FOMC meeting in October, I expect the USDX to gain. technical point: I watch for a rejection at level 1900 for pullback **My trading strategy is not intended to be a signal. It's a process of learning about market structure and sharpening my trading skills** Thanks a lot for your support
OANDA:XAUUSDLong
by mytw0cents
XAUUSD WEEKLY UPDATEHI fundamental still same Following the breakout of weekly support at 1893.070, the price rallied and tested daily resistance, which it failed to break for three days. So, this week, I'd like to see if the price can break through the daily resistance to form a new resistance level and decline toward US CPI data and the FOMC meeting. **My trading strategy is not intended to be a signal. It's a process of learning about market structure and sharpening my trading skills** Thanks a lot for your support
OANDA:XAUUSDShort
by mytw0cents
GBPUSD WEEKLY TRADE IDEAHi all Fundamental read oil analysis After breaking through level 1.2590, the GBP/USD pair pulled back at level 1.27462 before continuing to slide and finishing the week at level 1.25773. The price testing the next support level at level 1.24868 fibo extension daily, is what I'm anticipating this week. Let me know what you think In the comments! **My trading strategy is not intended to be a signal. It's a process of learning about market structure and sharpening my trading skills** Thanks a lot for your support
Short
by mytw0cents
USDX WEEKLY TRADE IDEAHi all Last week, the price recovered from the previous resistance level to settle at 104.216. So I'm expecting USDX to test the next resistance level next week. If the next resistance fails to break through, the price may go back to the previous support level or LOWER Let me know what you think In the comments! **My trading strategy is not intended to be a signal. It's a process of learning about market structure and sharpening my trading skills** Thanks a lot for your support
VANTAGE:USDX
by mytw0cents