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🛢 CL OIL H4 🛢 25 March 2024🛢 CL OIL, H4 🛢 25 March 2024 Crude oil prices witnessed a slight retreat amidst optimism surrounding potential ceasefire negotiations between Israel and Hamas. US Secretary of State Antony Blinken's remarks, indicating progress in talks held in Qatar aimed at reaching a ceasefire agreement for Gaza, tempered concerns over oil supply disruptions. This development, coupled with the potential alleviation of geopolitical tensions, contributed to the easing of fears in the oil market. Oil prices are trading lower while currently testing the support level. Suggesting the commodity might experience technical corrections. Resistance level: 82.85, 84.10📉 Support level: 80.20, 78.00📈
TVC:USOIL
by top_fx
AUDUSD H4 25 March 2024AUD/USD, H4 25 March 2024 The AUD/USD pair has seen a rebound from its recent lows, buoyed by interventions from the Chinese government aimed at strengthening the Chinese Yuan in a bid to stabilise it amid recent weakening. Consequently, the Australian dollar, often viewed as a proxy for the Chinese economy, benefited from the stronger Yuan, experiencing an uptick in value. Traders are now shifting their focus towards the upcoming release of Australia's Retail Sales data on Wednesday, which is anticipated to provide further insights into the strength of the Australian dollar. The AUD/USD pair has rebounded but remains trading with a bearish trajectory. Suggesting the bearish momentum is overwhelming. Resistance level: 0.6590, 0.6640📉 Support level: 0.6484, 0.6410📈
Short
by top_fx
EURUSD H4 25 March 2024 EUR/USD, H4 25 March 2024 The EUR/USD pair is currently facing significant downward pressure, trading close to its key psychological support level at around 1.0800. This pressure comes amid signs of easing inflation within the Eurozone, prompting market speculation about a potential rate cut from the European Central Bank (ECB) in 2024, despite its current hawkish monetary policy stance. Concurrently, persistent inflation in the U.S. is leading the Federal Reserve to adopt a more cautious approach towards rate cuts. This divergence in monetary policy between the two central banks is expected to exert additional downward pressure on the pair. EUR/USD recorded a technical rebound at above 1.0800 after a significant dive. Suggesting that the pair remains trading with bearish momentum. Resistance level: 1.0866, 1.0955📉 Support level: 1.0780, 1.0700📈
Short
by top_fx
GBPUSD H4 25 March 2024GBP/USD, H4 25 March 2024 The GBP/USD currency pair is exhibiting sustained bullish momentum, currently hovering near the 1.2600 level as the market anticipates further developments. Revisions in market expectations regarding a potential Federal Reserve rate cut in 2024 have emerged due to ongoing inflationary pressures in the U.S., contributing to the strengthening of the dollar. Additionally, traders are closely monitoring the upcoming release of the UK's GDP data on Thursday, which is expected to provide insights into the economic health of the UK and its potential impact on the strength of the Sterling. GBP/USD continues to trade with strong bearish momentum despite recording a slight rebound at near 1.2600 levels. Suggesting that the bearish momentum remains strong. Resistance level: 1.2630, 1.2710📉 Support level: 1.2530, 1.2440📈
Short
by top_fx
XAUUSD H4 25 March 2024🔖XAU/USD, H4🔖 25 March 2024 Gold prices experienced a downturn as the robust US Dollar continued to dampen the appeal of non-yielding assets such as gold. The resurgence of the Dollar, particularly following signals from several major central banks, including the Swiss National Bank, hinting at potential rate cuts in 2024, weighed heavily on the precious metal market. Despite dovish sentiments expressed by some Fed members regarding rate cuts, the recent outperformance of the US economy could cloud the outlook for gold prices. Gold prices are trading lower while currently testing the support level. Suggesting the commodity might experience technical correction. Resistance level: 2240.00, 2315.00📉 Support level: 2150.00, 2080.00📈
FX:XAUUSDShort
by top_fx
DOLLAR_INDX H4 25 March 2024💵 DOLLAR_INDX, H4 💵 25 March 2024 The Dollar Index continued its upward trajectory for a second consecutive week, bolstered by the robust performance of the US economy and heightened expectations of interest rate hikes. The potential yield disparity between the US Dollar and other major currencies remained a significant driver, underpinning the greenback's strength. Moreover, the Fed's upward revision of economic growth forecasts for the United States instilled confidence among investors, further reinforcing positive sentiment towards the US economic outlook. The Dollar Index is trading higher while currently testing the resistance level. Suggesting the index might enter overbought territory. Resistance level: 104.45, 104.95📉 Support level:104.00, 103.65📈
TVC:DXYLong
by top_fx
The TradingView Digest - March 25thHey everyone! Welcome back to the TradingView Weekly Digest. In today’s edition, we’re highlighting the top ideas from our community, which includes a video tutorial on customizing TradingView charts, an informative post about Reddit, a hot script on price gaps, and all the latest headlines, earnings, and economic events. We hope you find this week's edition exciting and engaging. Let's dive in! 😀 💡🎥 TradingView Masterclass: Create your perfect chart - by TradingView Dive into this video for a hands-on masterclass on TradingView's chart settings, created just for you! From the general themes to the smallest details, you'll learn how to fully customize your charts to match your unique trading style and preferences. Discover how to access and adjust every aspect of your charts, making sure they look, present data, and integrate trading features exactly how you want. 💡 Reddit Braves Wall Street with 48% Pop in Debut. When Growth? - by TradingView Reddit stepped into the public-market space this week with a flashy and splashy IPO in New York that chalked up a 48% gain on its debut day. The listing was met with lots of cheer from Wall Street as it was the biggest one for a social media company since Pinterest hit exchanges in 2019. 🔝 Top Stories 📰 Federal Reserve Holds Interest Rates Steady but Projects Three Cuts This Year 📰 Sterling Tumbles 2% to $1.2580 After Bank of England Keeps Rates Steady 📰 Apple Stock Wipes Out Over $100 Billion in Value After US Files iPhone Monopoly Lawsuit 📰 Reddit Stock Pops 38% Out of the Gate to Trade at $47 a Share at $9 Billion Valuation 📰 Bitcoin Powers Up by 12% to $68K After Jay Powell Upholds Rate-Cut Timeline 💵 Earnings highlights from the previous week: 💲 PDD Holdings soars on Q4 results beat 💲 Micron Posts Surprise 2Q Profit as Recovery Continues 💲 Accenture Q2 Earnings Surpass Estimates, Revenues Miss 💲 NIKE Q3 Earnings Surpass Estimates, Revenues Up Y/Y 💲 FedEx Posts Strong Quarterly Results 💡 Options Blueprint Series: Strangles vs. Straddles - by traddictiv Among the plethora of strategies, the Strangle holds a unique position, offering flexibility in unclear market conditions without the upfront costs associated with more conventional approaches like the Straddle. This article delves into the intricacies of the Strangle strategy, emphasizing its application in trading Gold Futures. 💡🎥 How to Set a Trailing Stop Loss on TradingView - by zAngus This one is a bit of a hack but follows on from my video on how to set 'Stop Losses' on TradingView for Connected Brokers. To set a trailing stop loss, you need to open your broker account, place the trade there, and it will then be reflected on the TradingView interface. 📆 Economic Calendar ⚡️ March 26th (United States) — Durable Goods Orders MoM ⚡️ March 28th (United Kingdom) — GDP Growth Rate YoY Final (Q4) ⚡️ March 28th (United States) — GDP Growth Rate QoQ Final (Q4) ⚡️ March 29th (United States) — Core PCE Price Index YoY ⚡️ March 29th (United States) — Fed Chair Powell Speech ⚡️ March 31st (China) — NBS Manufacturing PMI 🔥 What's New Just a few minor tweaks last week, but fear not ... We continue working hard 👷🏽 to make the platform even better. 🌟 Script of the Week 📜 Gaps Profile - by vnhilton The script displays remaining unclosed gaps on the chart, helping you recognize shifts in market sentiment and pinpoint potential supply/demand zones. 💭 Our Weekly Thought: “ Sometimes the best trades are the ones you did not take. ” We hope you found this helpful. Please share your feedback, remarks, or suggestions with us in the comments below. 💖, TradingView Team 📣 Want to be among the first to know all the news? Give us a follow!
COINBASE:BTCUSD
by TradingView
2
DXY (DOLLAR) IS TRYING TO RECOVER, (READ CAPTION)The dollar is trying to recover in today's trading from the US Federal Reserve's strike The US dollar achieved a modest rise during trading on Thursday, as the green currency attempted to recover from the losses incurred last session as a result of negative federal developments. In this regard, the dollar incurred strong daily losses at the end of yesterday’s session, estimated at about 0.43%, affected by the less stringent statements of US Federal Reserve Governor Jerome Powell, which he made yesterday evening, as Jerome Powell said that postponing the interest rate reduction step may harm the US economy, It is expected that the interest rate reduction cycle will begin in the second half of this year, while hinting that despite the strong conditions in the labour market and the outstanding performance of the US economy, this will not prevent the US Federal Reserve from taking interest rate reduction measures. This coincided with the pressures facing the dollar at that time immediately after the release of economic forecasts by the US Federal Reserve, which indicated the possibility of reducing US interest rates three times this year, which means that the US Federal Reserve did not take into account the rise in inflation rates during the past two months, and here it is worth noting. Pointing out that the markets now see a 65% chance that the US Federal Reserve will start cutting interest rates at the June meeting, according to the performance of tracking federal interest rates issued by the CME Group. If you like this informative data and technical analyse please support my ideas and follow thanks for kindness.
TVC:DXYLong
by Alexview009
🛢 CL OIL H4 🛢 22 March 2024🛢 CL OIL, H4 🛢 22 March 2024 Crude oil prices faced downward pressure amid weaker US gasoline demand data and reports of a United Nations draft resolution calling for a ceasefire in Gaza, easing concerns of supply disruptions. Despite an unexpected decline in US crude inventories reported by the Energy Information Administration (EIA), gasoline product demand slipped below 9 million barrels, contributing to the overall bearish sentiment in the oil market. Geopolitical tensions also weighed on oil prices, with the US drafting a UN resolution aimed at facilitating a ceasefire, dampening market fears. Oil prices are trading lower while currently testing the support level. Suggesting the commodity might extend its losses after breakout. Resistance level: 82.75, 85.45📉 Support level: 80.45, 78.45📈
TVC:USOILShort
by top_fx
NZDUSD H4 22 March 2024NZD/USD, H4 22 March 2024 The NZD/USD pair has displayed a double-top pattern, indicating a potential bearish trend. Despite favourable trade balance data released today, the New Zealand dollar has been overshadowed by a strengthened U.S. dollar. With a lack of bullish catalysts for the Kiwi at present, the pair faces challenges in reversing its trend. The NZD/USD pair has formed a double-top pattern, suggesting a potential fresh bearish trend. Resistance level:0.6050, 0.6100📉 Support level: 0.6005, 0.5950📈
Short
by top_fx
USDJPY H4 22 March 2024USD/JPY, H4 22 March 2024 Despite the Bank of Japan's historic decision to end its negative rate policy with its first hike in 17 years, the Japanese yen remained weak against the backdrop of a widening yield differential between Japan and the US. With the Federal Reserve maintaining its benchmark federal funds rate and better-than-expected US economic data further widening the yield gap, the dollar continued to strengthen against the yen, favouring investments in the US. USD/JPY is trading higher following the prior rebound from the support level. Suggesting the pair might experience technical correction. Resistance level: 151.95, 153.10📉 Support level: 150.80, 149.35📈
by top_fx
GBPUSD H4 22 March 2024GBP/USD, H4 22 March 2024 The GBP/USD pair encountered significant headwinds, marking its lowest levels since March. The Bank of England's (BoE) decision to maintain its interest rates aligned with market forecasts, yet market sentiment leans towards a dovish outlook from the British central bank. This tilt towards a more dovish stance has contributed to the weakening of Sterling. In parallel, the dollar saw a strengthening trend spurred by positive economic data released yesterday. This upward momentum in the dollar added further pressure on the Sterling, compounding the challenges faced by the GBP/USD pair. GBP/USD hardly hammered yesterday's session and has reached its lowest levels in March. Suggesting that the bearish momentum is overwhelming. Resistance level: 1.2770, 1.2700📉 Support level: 1.2630, 1.2530📈
Short
by top_fx
XAUUSD H4 22 March 2024🔖XAU/USD, H4🔖 22 March 2024 Gold prices dipped from record highs as the US Dollar and US Treasury yields rebounded sharply on the back of positive economic data releases and the Federal Reserve's optimistic forecast. Despite the Federal Reserve's upward revisions for the Gross Domestic Product (GDP) and the Core Personal Consumption Expenditure Price Index (PCE) for 2024, which supported the US Dollar, gold's decline was tempered by ongoing geopolitical tensions and safe-haven demand. Gold prices are trading lower following the prior retracement from the resistance level. Suggesting the commodity might extend. Resistance level: 2185.00, 2240.00📉 Support level: 2150.00, 2117.00📈
FX:XAUUSDShort
by top_fx
DOLLAR_INDX,DXY H4 22 March 2024💵 DOLLAR_INDX, H4 💵 22 March 2024 The Dollar Index, tracking the greenback against a basket of major currencies, rallied following the release of better-than-expected US economic data, bolstering confidence in the Federal Reserve's optimistic outlook. With US Initial Jobless Claims declining to 210,000, surpassing expectations, and Fed Chair Jerome Powell reaffirming the strength of the labor market, investor sentiment favoured The US Dollar. Meanwhile, rising US Treasury bond yields further reinforced the Dollar's upward momentum, reflecting heightened market confidence in the US economic outlook. The Dollar Index is trading higher while currently testing the resistance level. Suggesting the index might extend its gains after breakout. Resistance level: 104.00, 104.50📉 Support level:103.20, 102.55📈
TVC:DXYLong
by top_fx
🛢 CL OIL, H4 🛢 20 March 2024🛢 CL OIL, H4 🛢 20 March 2024 Crude oil prices extended gains, reaching multi-month highs for the second consecutive session, driven by rising geopolitical tensions, notably recent attacks by Ukraine on Russian refineries. Concerns over supply disruptions intensified as the attacks targeted a significant portion of Russian refining capacity, leading to the shutdown of approximately 7% of daily refining output. The escalating conflict underscores the volatile nature of global oil markets and highlights the potential for further price fluctuations. Oil prices are trading higher while currently testing the resistance level. Suggesting the commodity might experience technical correction since the RSI entered the overbought territory. Resistance level: 82.85, 84.10📉 Support level: 80.20, 78.00📈
TVC:USOILLong
by top_fx
AUDUSD H4 20 March 2024AUD/USD, H4 20 March 2024 The AUD/USD pair remains under pressure, approaching its lowest level in March. Following the Reserve Bank of Australia's (RBA) interest rate decision, which met market expectations by maintaining rates at 4.35%, the Australian dollar experienced further weakness. This was exacerbated by comments from the RBA governor indicating that the central bank has concluded its monetary tightening program. Such a dovish tone from the Antipodean central bank contributed to the decline in the Australian dollar. The AUD/USD pair recorded a minor rebound after a significant plunge yesterday. Suggesting that the bearish momentum remains strong. Resistance level:0.6576, 0.6617📉 Support level: 0.6484, 0.6450📈
Short
by top_fx
USDJPY H4 20 March 2024USD/JPY, H4 20 March 2024 The Japanese yen faced significant downward pressure, tumbling to a four-month low, even as the Bank of Japan announced the end of its negative interest rate policy and quantitative easing measures. Market participants, having already factored in the policy change, engaged in profit-taking, leading to a sharp decline of over 1% in the yen's value. However, the possibility of further monetary policy tightening by the BOJ in response to persistent high inflation could offer support to the yen in the future, warranting continued vigilance among investors for trading cues. USD/JPY is trading higher following the prior breakout above the previous resistance level. Suggesting the pair might enter overbought territory. Resistance level: 151.95, 153.10📉 Support level: 150.80, 149.35📈
Long
by top_fx
EURUSD H4 20 March 2024EUR/USD, H4 20 March 2024 The EUR/USD pair has recovered from its lowest point in March, ahead of the critical Federal Open Market Committee (FOMC) interest rate decision. A hawkish stance from the Fed could place additional downward pressure on the pair. Nonetheless, the pair has been supported by encouraging data from the ZEW Economic Sentiment Index, which recorded a value of 33.5, surpassing the previous figure of 25. This indicates an optimistic economic outlook within the eurozone economies. EUR/USD remains trading in a descending trajectory despite a technical rebound. Suggests the pair remain trading with bearish momentum. Resistance level: 1.0960, 1.1040📉 Support level: 1.0775, 1.0700📈
Short
by top_fx
GBPUSD H4 20 March 2024GBP/USD, H4 20 March 2024 The GBP/USD pair experienced a slight recovery from yesterday's lows but continued to exhibit weakness against the dollar. The market's hawkish expectations reinforced the dollar's strength, particularly in response to last week's robust U.S. Producer Price Index (PPI) reading. Investor focus now turns to the U.K.'s Consumer Price Index (CPI) reading, scheduled for release today, followed by the Federal Open Market Committee (FOMC) interest rate decision. Both sets of data are anticipated to significantly influence the price dynamics of the GBP/USD pair. GBP/USD recorded a rebound but remains trading in a bearish trajectory. Suggesting that the pair remains trading with bearish momentum. Resistance level: 1.2780, 1.2880📉 Support level: 1.2630, 1.2530📈
Short
by top_fx
DOLLAR_INDX,DXY H4 20 March 2024💵 DOLLAR_INDX, H4 💵 20 March 2024 Following the yen's selloff, investors sought refuge in the safe-haven dollar, resulting in positive gains. With a flurry of central bank decisions dominating currency markets, particularly the Federal Reserve's upcoming announcement, market focus remains keenly on potential interest rate adjustments and monetary policy statements. Expectations lean towards the Fed maintaining its current interest rate range of 5.25% to 5.50%, while closely monitoring the bank's guidance for future actions. The Dollar Index is trading higher following the prior breakout above the previous resistance level. Suggesting the index might experience technical correction. Resistance level: 104.45, 104.95📉 Support level:103.70, 103.05📈
TVC:DXY
by top_fx
🔖XAUUSD H4🔖 20 March 2024🔖XAU/USD, H4🔖 20 March 2024 Better-than-expected inflation data from the US prompted expectations of a hawkish tone from the Federal Reserve during its interest rate decision. Consequently, US Treasury yields climbed alongside the dollar, triggering a selloff in non-yielding assets like gold. Despite this, gold may consolidate within a range ahead of key events, with investors advised to monitor closely for further trading signals, particularly from the Fed's monetary policy decisions. Gold prices are trading lower while currently testing the support level. Suggesting the commodity might extend its losses after breakout. Resistance level: 2150.00, 2235.00📉 Support level: 2080.00, 2035.00📈
FX:XAUUSDShort
by top_fx
The TradingView Digest - March 19thHello everyone! Welcome back to the TradingView Weekly Digest. We’re thrilled to bring you even more reasons to stay connected with the TradingView account. As part of our commitment to constantly evolve and improve our offerings for you, our dedicated users, this edition includes a special “What’s New “ section. In it, we explore the latest enhancements and additions to our platform, ensuring you're always up-to-date with our most recent advancements. In today’s roundup, we’re excited to showcase the top posts from our vibrant community. Highlights include an insightful article on the history of Bitcoin, a trading strategy based on the Fibonacci tool, a new script for visualizing your equity curve, along with all the latest headlines, earnings reports, and economic events. We hope you find this week's edition informative and engaging. Let's dive in! 😀 💡 History of Bitcoin: The Underdog That Rewired Finance - by TradingView Bitcoin, a phenomenon that emerged at the onset of the 2008 financial crisis, has changed the way we think about money. To celebrate the token’s $73,000 milestone, we trace its origin story and look ahead into the future. To infinity… and beyond? 💡 Fibonacci Trading Strategy For Beginners - by VasilyTrader I am excited to reveal a powerful Fibonacci trading strategy that I learned many years ago. It integrates structural analysis, Fibonacci retracement and extension levels, and candlestick analysis. When applied correctly, this strategy has the potential to yield a winning rate of over 60%. 📰 Top Stories Adobe Stock Crashes 12% on Weak Guidance, Net Income Slashed in Half to $620M China's Central Bank Keeps Key Policy Rates Steady SOL, BOME Trend on Social Media as Ether, Bitcoin Lag Nissan, Honda Shares Rise Sharply After EV Tie-Up Plan Apple in talks to let Google's Gemini power iPhone AI features, Bloomberg News says 💵 Earnings highlights from the previous week: Dollar Tree's Fiscal Q4 Adjusted Earnings, Revenue Rise Williams-Sonoma's (WSM) Stock Up on Q4 Earnings & Revenue Beat UiPath (PATH) Q4 Earnings and Revenues Beat Estimates KT reports record-high earnings in 2023 MorphoSys AG reports results for the quarter ended in December 💡 When will Bitcoin Reach the Cycle Top - by FieryTrading In this analysis, I am providing an educated estimation for the timeframe within which Bitcoin may reach its peak during this cycle. You can observe Bitcoin's price movements spanning the past 13 years depicted on a 2-week chart. Essentially, it typically takes between 17 to 24 bars (equivalent to 34 to 48 weeks) before Bitcoin reaches its cycle peak, with an average duration of 20 bars. 💡 Help Shape the Future of TradingView Content - by TradingView Hello, TradingView community! As we continue to grow and evolve, our commitment to providing value to our users remains paramount. At TradingView, we understand that our users are at the heart of everything we do. This is why we constantly strive to offer content that enriches your trading experience, empowers your decisions, and nurtures your growth as a trader. 📆 Economic Calendar ⚡️ 19th March (Japan) — BoJ Interest Rate Decision ⚡️ 19th March (Canada) — Inflation Rate YoY ⚡️ 20th March (United States) — Fed Interest Rate Decision ⚡️ 20th March (United States) — FOMC Economic Projections ⚡️ 21th March (United Kingdom) — BoE Interest Rate Decision ⚡️ 22nd March (Japan) — Inflation Rate YoY 🔥 What's New? ✅ JFX forex data — now accessible on TradingView ✅ Enhancing DeFi trading: TradingView partners with QuickSwap ✅ Improved data of BIST futures: make use of settlement prices, back-adjustment, and Open interest ✅ Chart view in Stock, ETF, and Crypto coins screeners 🌟 Script of the Week 📜 Risk Management Chart - by NoveltyTrade This script simulates multiple equity curves based on user-defined win-loss and risk-reward parameters, allowing visualization and analysis of risk management strategies. 💭 Our Weekly Thought: “ Plan the trade, see the trade, feel the trade. ” We hope you found this helpful. Please share your feedback, thoughts, or suggestions with us in the comments below. With 💖, TradingView Team 📣 Want to be among the first to know all the news? Give us a follow!
SP:SPX
by TradingView
14
🛢 CL OIL, H4 🛢 18 March 2024 🛢 CL OIL, H4 🛢 18 March 2024 Oil prices saw a slight retreat primarily attributed to technical correction. However, the long-term outlook for the oil market remains positive as the International Energy Agency (IEA) and OPEC revised their 2024 oil demand forecasts upwards for the fourth time. Economic growth surpassing expectations is anticipated to bolster oil demand, underpinning the positive trend in the oil market. Oil prices are trading flat while currently testing the support level. Suggesting the commodity might extend its losses after breakout. Resistance level: 82.45, 84.10📉 Support level: 80.20, 78.00📈
TVC:USOILShort
by top_fx