Gold Next Move ! 💣The Fed is still expecting to maintain its hawkish rhetoric, given that inflation remains sticky and the labor market robust. This notion is largely expected to weigh on gold and other metals for the remainder of the year.
NEWS
USDJPY 3/9/23Starting this week off with USDJPY on Friday we saw the NFP and other red folder USD news shift this pair higher and into a bullish range, now as always we don't want to just jump into a bullish range from a bearish pair.
this doesn't me we wont trade the range it just means we are going to look into a more conserved methods to enter any buys.
overall this move is provided by a shift from news so we are going to treat it like every news POI we come to within our trading days, confirm and protect.
Remember to always read order flow and follow what price is showing you instead of trading based on your desired direction. And, as always, stick to your risk and your plan.
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!
NFP PredictionXAUUSD has had a nice pump recently, looking at previous data, I can see that +12K is forecast for this months NFP. This should boost the Dollar. While dropping gold and other pairs. Ive entered Sells around NY opening, will hold through NFP with a bigger than usual SL. Time will tell, always use risk management, and extra caution when trading news. Its unpredictable and can be risky.
EURUSD before NFPYesterday EURUSD pulled back from the resistance followed by over 100 pips drop.
US jobs data is coming today.
The news is one of the most important for the USD and expect a reaction.
We’re watching for continuous of the downside move and heading towards the low at 1,0760.
Upon a breakout the next key support levels are 1,0700 and 1,0647.
EURUSD Stronger momentum to 1.10Bounce back from monthly resistant line (green).
heading way up to the crossing of both horizontal(blue) and vertical(green) monthly resistant line.
1.10 will be the key for EURUSD to set the direction either to go 1.20 or 1.00
The downfall of Sunrun : What next !
Ladies and gentlemen, in today's financial analysis, we focus on Sunrun, examining recent price movements and conducting a comprhensive outlook.
First, we notice something significant: the stock has dropped by 16% from its previous trading zone. This is noteworthy, especially if the stock shows signs of going up again.
Now, let's discuss what happened at the Jackson Hole Symposium. The Federal Reserve Chair, Jerome Powell, talked about raising interest rates, which is different from what other officials said. For example, Patrick Harker from the Philadelphia Fed thought we should keep interest rates as they are. Austan Goolsbee, the Chicago Fed President, was also cautious. He mentioned challenges like high inflation, problems in the supply chain, and the possibility of a big strike in the auto industry. Despite these challenges, he remained hopeful that we can control inflation without causing a recession. He also stressed the importance of using data to make decisions, especially the real interest rate. The stock market liked what he said, and the SPDR S&P 500 ETF Trust went up by 0.8%.
Now, let's look ahead. I believe things might change for $NASDAQ:RUN. This belief comes from seeing other companies in the alternative power generation sector, like NYSE:NEP , NYSE:NOVA , and NASDAQ:RNW , starting to do better based on their recent performance. We've also heard that inflation might not keep going up, which is good news for RUN. In this situation, my plan is to keep a close eye on the market and stay updated on the latest news. I'll make sure to update this report with any new information.
SP 500 , strong resistant point, retrace or break out?Still very optimistic for SP 500 to go up trend.
there is a 50% chance price will retest 4338.
1st profit target point at 4600, second target 4800 if price stays above at 4270.
price currently on strong monthly resistant trend line, might be tricky if the price go below 4270
USDJPY 27/8/23UJ honestly i don't have a huge amount to say about this pair or about this range, if you have looked over our other USD related pairs you will know the story by now.
A news range with honestly a poor structure overall, liquid has built higher and lower meaning we may push up then shift lower, as you can see we have a reverse of our other USD pairs as in this case the USD is our primary.
so you guys know what we are looking for, either a shift higher to give us a new range or a confirm entry for our NEWS created POI, on the other end we may have a sweep of our low to give us a bias the is opposite to what we have currently.
Remember to always read order flow and follow what price is showing you instead of trading based on your desired direction. And, as always, stick to your risk and your plan.
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!
XAUUSD 27/8/23XU is the first of our USD correlated pairs and from this you will see a very similar markup for all of the USD related pairs.
This setup is showing you we are looking for sell moves overall, BUT this range was created by a news events (Jackson hole) so we don't want to blindly follow the bias down when we know the news event ranges often prove many traders wrong, this is exactly why we don't jump in as we would with a normal trend move.
So as it stands we are looking at a news range that tells us we want to run the sw low, we will wait for price to tap into our POI if it is willing to deliver to it, once we get to the POI we are only entering if we see a clear confirm and breakdown in our favour.
Lets keep and open mind for this as we are fully aware of the probability of this playing out fully.
Remember to always read order flow and follow what price is showing you instead of trading based on your desired direction. And, as always, stick to your risk and your plan.
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!
Expecting a shift to the down side | GBPUSDGBPUSD have been ascending to the upside in 4H time frame taking the resent high as liquidity in to the supply zone (sell zone), regretless, the supply zone still holds since the daily time frame is bearish i am expecting a shift to the down side to take out the recent low at 1.27037 or the next at 1.26866 my expected target is 1.26624
New BitCoin Technical AnalysisAfter the failure of its upward trend, Bitcoin met the support of $26,000, and now this level of $26,000 has become a resistance, and the points close to $25,000 are very important for support, and if it loses $22, $19,000 we will see
#Bitcoin
#BTC
Dealing with News releasesUse any economic calendar to monitor news releases. (forexfactory, myfxbook).
Below is how I adapt to news when trading my personal edge, including the pairs GBPUSD, EURUSD, AUDUSD and XAUUSD in my times. If you have tested pairs with other currencies, for example with CAD etc, make sure to be aware of related news there too.
Which news do I adapt to:
💀 USD high impact news - I have closed out any trades on any of my pairs before the news release, regardless of if I am in deep profit or loss on the trade. I do not enter trades on any of my pairs within 30 mins before or after a high impact USD news release.
💀 GBP high impact news - I have closed out any trade on a GBP or EUR trade before the news release, regardless of if I am in deep profit or loss on the trade. I do not enter trades on any GBP or EUR pair within 30 mins before or after a high impact USD news release. If the news release is CPI/ Inflation or Interest Rates, I also close out/ don’t enter trades on all my other pairs too.
💀 EUR high impact news - I am not concerned about EUR news as it does not tend to affect my pairs much in my experience. The only EUR news I close out/ do not enter trades on is Inflation/ CPI. Note the EUR news only applies to news on the economic calendar with the European flag next to it - not the random countries within the EU, such as Germany, Italy etc.
Eurusd : Bullish USD data and Inflation Fears 🛫 Hello everyone. Switching things up today with a in-depth look into recent sentiment and my thoughts on the last 5 bearish weekly candles on EURUSD.
A mix of Bullish USD data and the fact that inflation looms above all of our heads has caused market participants to flock into the Safe haven USD.
What are your thoughts on this decrease of EURUSD back into the range that EU has been stuck in since January? Thanks for joining me for another analysis and reading this far. See you in the next analysis!
Important levels on EURUSDFOMC Minutes is coming today.
Yesterday, EURUSD rose to 1,0952, but failed to continue and a drop ensued.
Upon crossing below 1,0896, we expect the downside move to continue.
The first support levels are at 1,0840 and 1,0785.
A key resistance level is 1,0952.
GU shortsShorting GU from that resistance line of 1.27100 area,
trade i entered a few days ago hit TP. I have confirmed the rejection and entered a sell. Targeting 1:3 R/R, holding and looking to close before news at 1:30PM GMT.
We are watching for a reversal in EURUSDYesterday we saw another drop in the EURUSD.
We will be watching for a possible reversal today.
We expect news about USD at 15:30 Bulgarian time.
On a new decline and leaving a tail below the previous bottom will be the first ground.
A breakout of a peak will confirm the start of an uptrend.
EUR USD ideaTotally dig it, bro! 🌊🏄♂️ We got this sweet setup with the weekly structure giving us those bullish vibes. And man, that weekly high moving order book? It's like a symphony of perfect pairing, ready to serenade us into going long.
But, hold up, we can't ignore the big Kahuna in the room - the Dollar Index, aka DXY. It's like the maestro behind the scenes, calling the shots for the EURUSD dance. It's all about those fundamental numbers for the USD, dude. We're talking precision predictions here.
So check this out - on the DXY, we're spotting some volume imbalance action around 105.200. That's the groove it's vibing to, and it's hinting that the EURUSD might either chill in consolidation or catch a wave down to lower prices. But hey, we're just riding this gnarly thought process, man.
Here's the thing, though. The big players, those whales with the mega bucks, they're the ones steering this ship. If you ain't rollin' with 100 billion, you're not exactly moving the needle in this market, you know what I'm saying? It's like being a grom in a sea of sharks.
So stay sharp, stay smart, and let's ride these waves while keeping our eyes on those fundamental currents. It's a wild ride, and we're just carving our path, one calculated move at a time. 🤙🌊🦈
GBPUSD BY UGTRADER📈 GBP/USD Analysis 📉
🔍 Higher Timeframe: Bullish
🎯 Refined Zones & Direction: Confirmations Needed on Lower Timeframes (M5, M15)
Hey traders! 👋🏼 Here's an update on GBP/USD:
🔹 Higher Timeframe (H4 and above) analysis indicates a bullish trend for GBP/USD. This suggests that the overall momentum is favoring the upside.
🔹 However, it's essential to exercise caution and wait for confirmations on lower timeframes (M5 and M15) before taking action. Refined zones and precise direction should only be considered once we have solid confirmations from these lower timeframes.
⚠️ Remember, trading always involves some level of risk, so risk management and patience are key to successful trading.
Happy trading! 📊💹
#GBPUSD #Forex #TradingAnalysis #BullishTrend #RiskManagement
BTCUSD ideaYo, surf squad! 🌊🏄♂️ Check it out: we're in this rad dance between two major distribution zones. Selling tails, buying tails - it's like catching different vibes on the same wave, you feel me?
At Global Chart Surfers, we're all about playing it smart. We're rocking this trading plan that's all about max range action - buying when it's hot, selling when it's cool, all from those supply and demand sweet spots.
But hey, hold onto your boards, 'cause this week's dollar news? That's like the wind in our sails, man. We're gonna ride those updates and see where they take us. Peace out, stay stoked, and let's ride these charts like the surf legends we are! 🤙🌊
USD CPI m/m: Prices rose by 0.2% this month, same as before.
USD CPI y/y: Yearly prices jumped to 3.3% from 3.0% - inflation heating up!
USD Core CPI m/m: Core prices up 0.2%, like last time.
USD Unemployment Claims: More folks filed for jobless benefits, watch job market vibes.
USD Core PPI m/m: Core prices up 0.2%, slight bump from 0.1%.
USD PPI m/m: Prices climbed 0.2%, same as before.
USD Prelim UoM Consumer Sentiment: The vibe from consumers at 5:00pm - stay tuned!
Stay surf-ready for more market moves! 🌊🏄♂️
EURUSD before CPIToday we await US inflation data.
The news will be published at 15:30 Bulgarian time!
Large swings and stop hunting are possible.
Therefore, it is advisable to open new trades after the news.
The more likely direction for us remains the rise, and a break of the previous high will confirm it.
EURUSD riseYesterday we saw a pullback from the support zone on small time frames.
It’s important the movement to continue and manages to break the previous peak.
This will confirm the beginning of the upside move and will give a chance for another buys.
The important news this week is on Thursday , and there may not be any big moves before that.
[ USD ] Buy the Rumor ADP & Sell the News NFP ☎️ / EurusdWelcome back to another Video Analysis!
0:0 Monthly timeframe
0:58 Weekly timeframe
2:23 Daily timeframe
5:43 4hr timeframe
8:57 1hr timeframe
The Weekly candle pulls back up to end the week with a Sell USD NFP news play after seeing Buy the rumor ADP estimated news! Or The Weekly candle continues it's trajectory despite missed USD manufacturing data that simply created a short term pullback. The Market can do whatever it wants and so flexibility is rewarded. Be like water, and refrain from being rigid in your approach. Be proactive and enter the market where you don't want to. Hold your winners because why would you settle for 4 when you can sit on yours hands and get 8. I see this in video games as well at times when players settle for alot less than they could've aquired. It's a shame to see and I always shake my head. Going to be tough to get ahead liked that.
Anyways, looking for 1.098 and 1.10 with NFP in 7 hours. This is not to say that we may pullback to our extreme of structure and Daily support 1.09383. If Price is acting funny, we could drop back below Daily support and head towards the lows of the range at 1.092 and officially tap into 1.09 Weekly support level
EURUSD before NFPUS new Jobs data is released every first Friday of the month.
The news impact all pairs with USD.
We also expect reaction in EURUSD.
The preferred entry option is to reach the support zone and pullback.
It will give a chance for buy with target, test of 1,1258 level.
