Bearish EUR/USD 26.01.2023The EUR/USD pair has been trading in a tight range, with the bulls wanting the channel to continue but under a lot of selling pressure. The pair has been dropping since the start of the day and is currently trading around 1.09112. The market sentiment is bearish due to the mixed economic news and meetings that are scheduled today.
The market is currently struggling to find a foothold with the US Dollar recovering from its earlier weakness. The European Central Bank (ECB) held its monetary policy meeting yesterday, but the meeting failed to provide any clear guidance. The Bank of England (BoE) is also due to meet today, and the outcome of this meeting could have a significant impact on the EUR/USD pair.
The pair is currently heading towards the 1.08750 level, which is the bottom line of the rising trend channel. If the pair continues its downward trajectory, it could test the support level of 1.08750. The risk-averse market atmosphere is likely to keep the US Dollar in demand and make it difficult for the EUR/USD pair to recover.
NEWS
Decreasing volumes, weak buyer. Waiting for the fallThe coin, after a long growth, went on a correction, as a result, a horizontal support level of 5.92 was formed, confirmed by several touches. Currently, the coin is consolidating at this level, volumes are declining, which indicates the weakness of the buyer. I expect a breakdown of this level, consolidation under it and a decrease to the lower support levels.
Important news again Today’s news will cause new movements and gives new trade opportunities.
Over the past few days we’ve been looking at GBPUSD. Yesterday the price reached 1.2300 and made a new top.
Thus, the expected movement after the news has been completed.
Today we will look for another rise.
Upon a breakout of 1,2315, the next resistance levels are 1,2370 & 1,2427.
WTI DAILYThis may come as a shock to all of you but we are at the lower end of the market historically, and we have begun to see the rapid decline of market trends.
Long positions are being made which is why we are seeing such a short market to buy up all the great pricing for a swing to the 100s in the mid-year rise.
this cycle will place us in new market highs pretty soon.
NZDUSD PENDING VIEW BUYING SOON NZDUSD TRADING BULLISH on this analysis we saw a bigger pattern from previous correction and then price broke-out from the large correction and form a continuation correction to continue the trend
#WHAT AM I EXPECTING:
am waiting for a continuation pattern around 2 reaction zone
#HOW DO WE ENTER:
if continuation pattern form get in on the break of ltf continuation correction
#TRADE INVALIDATION:
a bearish impulse form followed by a correction i.e trend change
#TRADE CRITERIA
#reduce risk on a ltf correction
#target 0.65786
CPI & Inflation Rate USHello everyone! Let's take a look on what happened yesterday on the US financial market and understand the impact of CPI and inflation rate.
The Consumer Price Index (CPI) and inflation news from the United States can have a significant impact on financial markets and the value of the U.S. dollar. The CPI measures the change in the price of a basket of goods and services consumed by households, and inflation is the rate at which the general level of prices for goods and services is rising.
When the CPI and inflation numbers are higher than expected , it can indicate that the economy is growing, which can boost stock prices, lead to higher interest rates, and appreciate the dollar. This is because as the economy grows, companies will see increased demand for their products and services, which can lead to higher profits and stock prices. Higher interest rates can also attract more investors to bonds, which can lead to higher bond prices. Additionally, a strong economy can lead to increased demand for U.S. goods and services, and increased foreign investment in the U.S. economy. As a result, the demand for dollars increases, which can lead to an increase in the value of the dollar.
On the other hand, if the CPI and inflation numbers are lower than expected , it can indicate that the economy is slowing down , which can lead to lower stock prices, lower interest rates and depreciation of the dollar. This is because as the economy slows down, companies will see decreased demand for their products and services, which can lead to lower profits and stock prices. Lower interest rates can also lead to less investors in bonds, which can lead to lower bond prices. Additionally, a weak economy can lead to decreased demand for U.S. goods and services, and decreased foreign investment in the U.S. economy. As a result, the demand for dollars decreases, which can lead to a decrease in the value of the dollar.
It's important to note that the Federal Reserve uses inflation as an indicator to change the monetary policy, as they use interest rates as a tool to control inflation. Typically if inflation is too high, the Fed will increase interest rates to slow down the economy and curb inflation, and if inflation is too low, the Fed will decrease interest rates to stimulate the economy. These monetary policy decisions can also have an impact on the value of the dollar, as when the Fed raises interest rates, it can make the U.S. a more attractive place to invest, which can lead to an appreciation of the dollar. Conversely, when the Fed lowers interest rates, it can make the U.S. a less attractive place to invest, which can lead to a depreciation of the dollar.
GBPUSD after CPIYesterday we saw big swings during the news. In GBPUSD we saw a pullback off the support zone and a new high.
It’s crucial now to see if this movement has the strength to continue.
We’re looking at a new support zone that in the near hours we expect a reaction from.
Upon another rise the goal will be 1,2315.
The scenario fails on a breakout of 1,2087.
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GBPUSD before the big news!Today we expect US inflation (CPI) data to be released.
This is some of the most important news right now, and it's making a big impact.
Regardless of the values, we expect big fluctuations at the time of publication!
Anyone who does not have experience and prefers more relaxed trading is recommended to just watch the movements!
We have identified the possible scenarios and the levels we expect to be reached.
One option we are looking at is GBPUSD.
A drop to 1.2080 and a pullback will allow for a rally to 1.2300.
Do not trade before the news!
Do not trade if there is no confirmation of the expected scenarios!
How the ES has reacted to EIA Petroleum Status ReportsEIA Petroleum Status Reports are considered high-impact news, yet how much do they impact ES futures?
In the 30 minutes after it gets reported at 10:30am ET, here's how ES has reacted the last 5 times:
Jan 4: 14.75-point range, closing up 0.21% after 30 minutes
Dec 28: 11.5-point range, closing up 0.25% after 30 minutes
Dec 21: 12-point range, closing up 0.12% after 30 minutes
Dec 14: 8.75-point range, closing up 0.20% after 30 minutes
Dec 7: 13.75-point range, closing up 0.09% after 30 minutes
Plenty of range there to make money... and plenty of range to get whipsawed out for a loss. so be careful.
Unless you have a specific strategy to trade the EIA Petroleum Status Report news, or you're in for a longer hold, consider sitting it out.
GBPUSD, 1D PROJECTIONGBP/USD, 4H
In my opinion, the bearish engulfing pattern isn't exhausted yet! the higher the timeframe it was spotted, the farther the BEARS go!
Only a high impact will push the price pass block -A by retesting trendline -X
But our best bet is for price to retest block-A and head straight to block -B
DOW - NFP + Monthly low = ? FX:USDOLLAR
Totally uneducated assumption but with the pandemic and recession I'd assume NFP will come back negative but who knows maybe that would encourage/force people to work to pay for increased living expenses due to inflation and rate hikes. Also the fact that people working multiple jobs for sperate companies count as a point for each job they work. 10x people working 3x jobs count for 30x people in the workforce. So not really much of an indicator of productivity but you never know...
Either way, DOW (USD) is at a monthly low (support) and has bottomed out indicating new support.
Price has broken the first resistance level and retested a support on Zone #1 (red)
If NFP is positive, it should break the current resistance Zone #2 (yellow) and run up to Zone #3 (orange) +
Possibly even higher, could be big volume due to the significance of this zone on the weekly.
If it's negative i'd say we'll be retesting that weekly low again (Zone #0 Green)
(*NOTE: This move will also indicate/influence the direction of the EUR/USD pair, as it is at a historical low)
XAUUSD shortSAXO:XAUUSD
English: Hey, trader! Here we have the XAUUSD in the 4h time frame. I'm looking for a short opportunity. I'll look for a move up to 1819 to the resistance zone and then enter a short trade with the strength of the dollar. There is one important news in the afternoon tomorrow. So be careful! Theis news can change the direction of the chart very quickly!
Deutsch: Hey, Trader! Hier haben wir den XAUUSD im 4h Zeitrahmen. Ich suche nach einem short Trade. Ich suche nach einer Bewegung bis 1819 in die Widerstandszone und gehe dann einen Short-Trade ein, fals the dollar in dem Moment bullish aussieht. Morgen Nachmittag gibt es eine wichtige Nachricht. Also sei vorsichtig! Diese Nachrichten können die Richtung des Charts sehr schnell ändern!
EURUSD move out the boxFX:EURUSD
English: Hey, trader! Here we have the EURUSD in the 4h time frame.I delated every trendline,fib,sup,res. I'm just looking for a move out the Box and then try find e retest move to the box and then take an entry. There is one important news in the afternoon tomorrow. So be careful! Theis news can change the direction of the chart very quickly!
Deutsch: Hey, Trader! Hier haben wir den EURUSD im 4-Stunden-Zeitrahmen. Ich habe jede Trendlinie, Fib, Sup, Res gelöscht. Ich suche nur nach einem Ausbruch aus der Box und versuche dann bei einem Retest zur Box einen Einstieg zu finden. Morgen Nachmittag gibt es eine wichtige Nachricht. Also sei vorsichtig! Diese Nachrichten können die Richtung des Diagramms sehr schnell ändern!
USDCAD longFX:USDCAD
English: Hey, trader! Here we have the USDUSD in the 4h time frame. I'm looking for a long opportunity. I think the USDCAD will just consolidate a bit and then follow the trendline from the daily view. I'll look for an entry at the fib 68% level and the stopllos under hte last low.There is one important news in the afternoon tomorrow. So be careful! Theis news can change the direction of the chart very quickly!
Deutsch: Hey, Trader! Hier haben wir den USDUSD im 4-Stunden-Zeitrahmen. Ich suche einem long Trade. Ich denke, der USDCAD wird sich noch ein wenig konsolidieren und dann der Trendlinie aus der Tagesansicht folgen. Ich suche nach einem Einstieg auf dem Fib. Level 68 % und den Stopps unter dem letzten Tief wie im Chart eingezeichnet. Morgen Nachmittag gibt es eine wichtige Nachricht. Also sei vorsichtig! Diese Nachrichten können die Richtung des Charts sehr schnell ändern!
GBP shortFX:GBPUSD
English: Hey, trader! Here we have the GBPUSD in the 4h time frame. I'm looking for a short opportunity. I think GBPUSD will just consolidate a bit and then fall with a strong dollar. I'll look for a retest on a resistance zone around 1.20300.There is one important news in the afternoon tomorrow. So be careful! Theis news can change the direction of the chart very quickly!
Deutsch: Hey, Trader! Hier haben wir den GBPUSD im 4-Stunden-Zeitrahmen. Ich suche nach einem short Trade. Ich denke, GBPUSD wird eine weile konsolidieren und dann mit einem starken Dollar fallen. Ich werde nach einem Retest in der Widerstandszone um 1.20300 suchen. Morgen Nachmittag gibt es eine wichtige Nachricht. Also sei vorsichtig! Diese Nachrichten können die Richtung des Diagramms sehr schnell ändern!
DXY neutralTVC:DXY
English: Hey, trader! Here we have the DXY in the 4h time frame. The next days I think there will not be a nice trend trade. i think it will just consolidate until it breaks the trendline or it falls under the major level 104.000 . So be careful the next days finding the right entrys and the right exits. There is one important news in the afternoon tomorrow. So be careful! Theis news can change the direction of the chart very quickly!
Deutsch: Hey,Trader! Hier haben wir den DXY im 4-Stunden-Zeitrahmen. In den nächsten Tagen denke ich, dass es keinen schönen Trendhandel geben wird. Ich denke, es wird sich einfach konsolidieren, bis es die Trendlinie durchbricht oder unter das Mainlevel von 104.000 fällt. Seien Sie also in den nächsten Tagen vorsichtig, die richtigen Ein- und Ausstiege rechtzeitig zu finden. Morgen Nachmittag gibt es eine wichtige Nachricht. Also sei vorsichtig! Diese Nachrichten können die Richtung des Charts sehr schnell ändern!
Q&As: non-market dataThere's some curious personalities that trade (at least claim to trade) based on news, fundamental metrics, alt data n stuff. I don't mean invest, I mean trade. Well that looks like a skill to be proud off, superstimuli always feels cool aye? Good thing tho there no real reason in doing it all.
The most precise term to explain non-market data is, well, everything that ain't have a direct involvement with what happens inside the order matching servers of a given exchange.
So open interest is in fact a great example of non-market data.
The one & only real purpose for using all this data is to know (not to guess/predict/forecast, not to even anticipate), but to understand when the ACTION is going to happen. If you think deeper, ultimately it's all about asset selection to satisfy whatever purpose you got. if you ever got caught yourself feeling fooled when media release a bad info but prices go up, or media release a good info but prices go down, it's ok. It doesn't work that way, direction of prices can't be affected this way. Direction of prices is the result of how buyers meet sellers which is based on +inf number of factors, where a non-market data is simply just one of these +inf factors. It exclusively provokes action, meat, hype, momentum, volatility, whatever you call it. What's happening is that things start to happen very fast. Without a trigger event, the trading activity would've been the same, it just would've take longer to unwind. News don't change the structure, they make it all happen faster, that's it.
Examples of non-market data that can be used to expect action:
1) Trading schedule, eg the US, EU opening times;
2) Economic releases;
3) Commitment of traders reports;
4) Significant news;
5) Changes in yield curves;
6) "Fundamental" stock data;
7) Open interest;
8) etc etc etc
One really important thing to add is that, just like trading activity is understood in context (other resolutions), sizing also includes context (equity control, market impact), the same way every non-market data event lives in the context (previous releases, other releases, overall economy). You're interesting not in a new per se, but rather in what does it mean in the world. For example, inflation reports don't mean much when the rates are low, but when the rates are high, they trigger significant activity.
That's the area where statistical learning, automated learning, "machine" learning, 'Really' starts to make sense business-wise. The ultimate goal is to create a system that will process every kind of data you have (NLP and TDA should help) and output the tickers with raising/already risen levels of interest.
EURUSD shortFX:EURUSD
English: Hey, trader! Here we have the EURUSD in the 4h time frame. I'm looking for a short opportunity. Today we broke under the main level 1.06000 and also broke the last low. So it oculd be a start of a downtrend. there two trade opportnunitys in my view. First a move back to the Fib level 61% or 78% and then trade it with a strong Dollar to the downisde or you can look for a clear candle close under the main lvel an then look for a retest on the main level 10.600 all the way down. There's important news in the afternoon tomorrow. So be careful! These messages can change direction of the chart very quickly!
Deutsch: Hey, Traders! Hier haben wir den EURUSD im 4-Stunden-Zeitrahmen. Ich suche einm short Trade. Heute haben wir die Hauptmarke von 1,06000 unterschritten und auch das letzte Tief durchbrochen. Es könnte also ein Beginn eines Abwärtstrends sein. Es gibt aus meiner Sicht zwei Handelsmöglichkeiten. Zuerst eine Bewegung zurück zum Fib-Level 61% oder 78% und dann mit einem starken Dollar nach unten handeln oder Sie können nach einem klaren Kerzenschluss unter dem Hauptlevel suchen und dann nach einem erneuten Test auf dem Hauptlevel 10.600 suchen Abstieg. Morgen Nachmittag gibt es wichtige News. Seien Sie also vorsichtig! Diese Meldungen könnte die Richtung des Charts sehr schnell ändern!
USDCAD longTVC:DXY
English: Hey, traders! Here we have the USDCAD in the 4h time frame. I'm looking for what the dollar is doing tomorrow, espacially the news. There is no clear trend in the cad at the moment. So its not realy easy to trade this, for me. I would just look for sup and res zones. The news of the dollar can change the direction very quickly! There's important news tomorrow. So be careful! These messages can change direction very quickly!
Deutsch: Hey, Trader! Hier haben wir den USDCAD im 4h Zeitrahmen. Ich achte darauf was der Dollar morgen macht, vor allem wie die Nachrichten ausfallen. Es gibt derzeit keinen klaren Trend in dem CAD. Also ist es nicht wirklich einfach heruaszufinden was der CAD machen möchte, für mich. Ich achte morgen hauptsächlich auf Sup- und Res-Zonen. Die Nachricht vom Dollar kann die Richtung sehr schnell ändern! Morgen gibt es wichtige Nachrichten. Seien Sie also vorsichtig! Diese Nachrichten können sehr schnell die Richtung ändern!