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USDJPY: Repeat price behaviorDear friend, what do you think about the next trend of USDJPY for this major currency pair? Today, USDJPY continues to trade steadily around the 149.00 level, attracting some buyers amidst geopolitical risks and concerns about intervention. Faint hopes of upcoming changes in the BoJ's policy stance may limit further gains. The story of higher interest rates in the longer term by the Fed strengthens the USD and supports USD/JPY. With the potential for a DOW formation on the chart, it is likely that USDJPY will experience significant volatility, causing price action around the 148.97 and 148.37 levels, which also coincide with the 34 and 89 EMA zones. The price is expected to increase towards the Fibonacci target of 1.618, which is 154.05. Our "buy on dips" strategy continues to be emphasized.
Long
by TradingForecast_Signals
S&P 500 INTRADAY LEVELS FOR 23/02/2024BUY ABOVE - 5094 SL - 5079 TARGETS - 5108,5120,5135 SELL BELOW - 5079 SL - 5094 TARGETS - 5067,5057,5047 NO TRADE ZONE - 5079 to 5094 Previous Day High - 5094 Previous Day Low - 5039 Based on price action major support & resistance's are here, the red lines acts as resistances, the green lines acts as supports. If the price breaks the support/resistance, it will move to the next support/resistance line. White lines indicates previous day high & low, high acts as a resistance & low acts as a support for next day. Trendlines are also significant to price action. If the price is above/below the trendlines, can expect an UP/DOWN with aggressive move. Please NOTE: this levels are for intraday trading only. Disclaimer - All information on this page is for educational purposes only, we are not SEBI Registered, Please consult a SEBI registered financial advisor for your financial matters before investing And taking any decision. We are not responsible for any profit/loss you made. Request your support and engagement by liking and commenting & follow to provide encouragement HAPPY TRADING 👍
SP:SPX
by Jagadheesh_JP
Gold is less volatileDear friends, today gold continues to move below the resistance level of $2033, following a downward trend. In particular, the inflation data for January, with consumer prices and wholesale prices rising faster than expected, has made the US Federal Reserve more difficult in making a decision to loosen monetary policy. Gold may continue to trade sideways in the short term, and the market is awaiting the release of the Personal Consumption Expenditures (PCE) report next week, followed by the Federal Reserve Chairman Jerome Powell's testimony at Congress in early March.
OANDA:XAUUSD
by TradingForecast_Signals
USDJPY : Strategic analysis today!Hello everyone, today the USDJPY has been trading around the 150.500 mark during the early trading hours of the weekend. This pair found support at 150.42 and retested the 34 EMA line. Trend Forecast: USDJPY is expected to continue its upward momentum and is forming a double top pattern as indicated on the chart. We will consider a sell strategy if USDJPY reaches that level. What about you? What are your thoughts on the trend and your next trading strategy for USDJPY? Drop a comment to let me know!
by Antonia_Le
USDJPY: SupportedUSDJPY has continued its upward trend over the past few days, with prices fluctuating around the 150.23 mark and steadily advancing towards the 152 resistance level. The US Dollar (USD) remains in a concerted effort to attract significant buying interest, contributing further to a daily decline of about 25 pips from the vicinity of the 150.00 level for the USD/JPY pair. Meanwhile, the increasingly firm expectation that the Federal Reserve (Fed) will maintain higher interest rates for an extended period, reinforced by the hawkish FOMC meeting minutes released on Wednesday, continues to support rising US Treasury yields. This scenario benefits the USD's upward trajectory, indicating that the path of least resistance for this currency pair is upwards.
by Antonia_Le
NIFTY INTRADAY LEVELS FOR 23/02/2024BUY - 22250 SL - 22170 TARGETS -22300,22350,22400 SELL - 22170 SL - 22250 TARGETS - 22120,22070,22020 NO TRADE ZONE - 22170 to 22250 Previous Day High - 22250 Previous Day Low - 21890 Based on price action major support & resistance's are here, the red lines acts as resistances, the green lines acts as supports. If the price breaks the support/resistance, it will move to the next support/resistance line. White lines indicates previous day high & low, high acts as a resistance & low acts as a support for next day. Trendlines are also significant to price action. If the price is above/below the trendlines, can expect an UP/DOWN with aggressive move. Please NOTE: this levels are for intraday trading only. Disclaimer - All information on this page is for educational purposes only, we are not SEBI Registered, Please consult a SEBI registered financial advisor for your financial matters before investing And taking any decision. We are not responsible for any profit/loss you made. Request your support and engagement by liking and commenting & follow to provide encouragement HAPPY TRADING 👍
NSE:NIFTY
by Jagadheesh_JP
BANK NIFTY INTRADAY LEVELS FOR 23/02/2024BUY - 47080 SL - 46900 TARGETS - 47360,47600,47750 SELL - 46900 SL - 47080 TARGETS - 46700,46450,46300 NO TRADE ZONE - 46900 to 47080 Previous Day High - 47080 Previous Day Low - 46450 Based on price action major support & resistance's are here, the red lines acts as resistances, the green lines acts as supports. If the price breaks the support/resistance, it will move to the next support/resistance line. White lines indicates previous day high & low, high acts as a resistance & low acts as a support for next day. Trendlines are also significant to price action. If the price is above/below the trendlines, can expect an UP/DOWN with aggressive move. Please NOTE: this levels are for intraday trading only. Disclaimer - All information on this page is for educational purposes only, we are not SEBI Registered, Please consult a SEBI registered financial advisor for your financial matters before investing And taking any decision. We are not responsible for any profit/loss you made. Request your support and engagement by liking and commenting & follow to provide encouragement HAPPY TRADING 👍
NSE:BANKNIFTY
by Jagadheesh_JP
What is the last gold price of the week?Hello everyone, let's dive into today's gold prices! On the last trading day of the week, gold prices remained stable between $2022 and $2025. Investors are awaiting new economic data from the U.S. to gauge future interest rate directions set by the Federal Reserve (Fed). Currently, gold is experiencing a short-term deadlock, caught between interest rate expectations and the demand for a safe haven amid geopolitical tensions. The latest Fed policy meeting minutes revealed widespread concern among policymakers about the risks of cutting interest rates too soon, which has placed significant pressure on gold. I anticipate gold prices might climb to the $2040 - $2042 range before undergoing a correction if it reaches the descending trend limit. What about you? What are your thoughts on today's gold prices and their future trajectory?
OANDA:XAUUSD
by Antonia_Le
BTCUSDT: Sell or Buy?The BTCUSDT is once again trading below the resistance level of $52,000, mainly moving sideways around the price level of $51,866, highlighting a 0.03% increase for the day. From the 4-hour chart, we observe that this coin has exhibited a double top pattern, and if it breaks below the support level of $50,600, the ultimate profit target that the market could aim for is at $43,000. The strategy is to buy when the price declines in the short term, as long as the support level of $43,000 is maintained for BTC.
by TradingForecast_Signals
Opening (IRA): IWM April 19th 176 Monied Covered Call... for a 171.23 debit. Comments: Buying stock and selling the -75 call against to emulate the delta metrics of a 25 delta put. This setup gives me a slight bump in premium over selling the 25 delta put due to call IV skew, along with built-in position defense with the short call. Laddering out over time after flattening out at the end of the year. I'll naturally look to add in shorter duration if I can get in at strikes/cost basis below what I currently have on, but will probably continue laddering out to the end of the second quarter (June) for a bit here. Will generally look to take profit at 50% max; look to roll out the short call to reduce cost basis further should price traverse the short call strike (since extrinsic is highest in at-the-money strikes).
AMEX:IWMLong
by NaughtyPines
Buying XAUUSD channel formationDear friends, what do you think about the next trend in Gold? Today, the price of gold has regained momentum, rising nearly $2,030 at the start of Thursday after a brief pause in its recovery on Wednesday. The market's risk-accepting environment is playing a role as a resistance to the US Dollar, despite the hawkish tone of the January meeting minutes from the US Federal Reserve. Furthermore, recent price action suggests that gold is holding above the support level, with upward momentum supported around 2015 and 2020. On the other hand, technical indicators such as the EMA 34 and 89 continue to consider a potential buying position. Trading with the trend is always safe and effective.
OANDA:XAUUSDLong
by TradingForecast_Signals
Gold price today: Reverse continuously!Global gold prices remain stable, trading at $2028 per ounce and marking a 0.12% recovery for the day, despite the trend and movement showing little change with the EMA 34 and 89 converging with resistance. Gold faces pressure from the minutes of the Federal Reserve's (Fed) first policy meeting, yet the precious metal continues to consolidate above $2000 per ounce. In the newly released minutes, the Fed indicated that their monetary policy has peaked, but they are not in a hurry to cut interest rates. This continues to exert downward pressure and limits the recovery potential for XAUUSD at the moment.
OANDA:XAUUSD
by Antonia_Le
GBPUSD: Slight increaseToday, the GBP/USD continues to trade in an upward trend. The pair is seeking support from a weaker US dollar and improved risk appetite. All eyes are now focused on the preliminary PMI data from the UK and the US for potential trading momentum. Meanwhile, the previously gained price momentum has stalled after closing below the 1.2620 level for the last two 4-hour candles, causing buyers to hesitate. My goal is to exit once the price reaches the designated level with a predefined target. What about you? Do you agree with me?
by TradingForecast_Signals
EURUSD: Bearish Breakout?Hello everyone, what do you think about the next trend of EURUSD? From the 4-hour chart, we can see that this currency pair is trending upwards. Currently, the price is trading around 1.0825, showing a 0.07% increase for the day. However, the latest minutes from the Federal Reserve indicate that policymakers are still focusing on downside risks. On the 4-hour chart, EURUSD is currently receiving strong support at 1.0805, with 1.08 being the ultimate support level for this pair. Breaking below this level would lead to a significant price decrease, while maintaining this level would result in a price increase. However, after multiple tests of the upward trend line as mentioned in the analysis above, I believe in the downside potential of this currency pair, given the risks from the latest news. My target is for the price to break below the upward trend line of this pair at 1.0805 and seek support at 1.0760.
Short
by TradingForecast_Signals
EURUSD: holding higher levelsDear friends, Today, EURUSD continues to trade in an upward trend. It is noticeable that the overall performance of the US dollar remains weak, despite the mixed market sentiment, as investors contemplate betting on a Fed interest rate cut and the risk of a US government shutdown ahead of the Fed Minutes. Currently, from the 1-hour chart, although EURUSD is trading relatively calmly at a high level, the possibility of a short-term price increase is still firmly consolidating. The EMA signal, along with the upward trend, supports the price increase of EURUSD. The price target reaching the 1.0840 area continues to be emphasized.
by TradingForecast_Signals
Today's gold price must be the gold priceToday, gold is trending upwards in the discounted zone. So what reasons could push the price of gold higher in this environment? Currently, the price is trading around $2026 with little change compared to yesterday's trading session, highlighting a 0.05% increase for the day. On the other hand, the Federal Reserve released the minutes of their January meeting, reassuring market participants that the Fed is in no hurry to cut interest rates in the near future. Given the current picture, it would not be surprising if the previous breakout zone is soon retested before any short-term price momentum occurs.
OANDA:XAUUSDLong
by TradingForecast_Signals
GBPUSD: Will there be another price drop?Hello dear friends, Today GBPUSD continues its sideways movement as the price quickly dropped to a support level but recovered swiftly. At the time of writing, the price is trading at 1.2617, up 0.15% for the day. From an analysis perspective, it can be observed that in the short term, there is a high probability that the price will quickly decrease to the designated level as it remains below the exponential moving average EMA 34. Currently, GBPUSD is operating near the resistance level of 1.2650, with immediate support at 1.2530. Breaking below this support level will open up the opportunity for further price decline for this currency pair towards lower levels at 1.2500 and 1.2400 as shown on the 1D analysis chart.
Short
by TradingForecast_Signals
Gold waits for a breakthroughDear friend, what do you think about the trend of Gold? Today, the price of gold is at its highest level in many days, reaching $2,030 before the Fed's minutes. The US dollar remains weak against the interest rate of the US Treasury, despite the gloomy risk sentiment. My target after a slight decline in the gold price towards the support level of $2019 (which coincides with the convergence of EMA 34 and 89) will be an increase with a target of $2031, followed by a breakthrough and reaching the final target of $2044. What are your thoughts? Good luck with your trading!
OANDA:XAUUSD
by TradingForecast_Signals
USDJPY: New trend strategyDear friend, today we have an idea about trading this major currency pair. Currently, USDJPY continues to trade in a downward trend, and the range around 150.30 and 150.50 continues to serve as a psychological barrier for the upward movement of this currency pair. Specifically, concerns about intervention have strengthened the JPY, although uncertainty about the BoJ's monetary policy has limited the increase. Traders are looking at the FOMC minutes for signals about the Fed's interest rate cut trajectory and new momentum. The price target is set at 149.40 in the short term. What do you think, do you agree with me?
Short
by TradingForecast_Signals
BANK NIFTY INTRADAY LEVELS FOR 22/02/2024BUY ABOVE - 47130 SL - 47000 TARGETS - 47360,47600,47750 SELL BELOW - 46900 SL - 47130 TARGETS - 46700,46500,46300 NO TRADE ZONE - 46900 to 47360 Previous Day High - 47360 Previous Day Low - 46900 Based on price action major support & resistance's are here, the red lines acts as resistances, the green lines acts as supports. If the price breaks the support/resistance, it will move to the next support/resistance line. White lines indicates previous day high & low, high acts as a resistance & low acts as a support for next day. Trendlines are also significant to price action. If the price is above/below the trendlines, can expect an UP/DOWN with aggressive move. Please NOTE: this levels are for intraday trading only. Disclaimer - All information on this page is for educational purposes only, we are not SEBI Registered, Please consult a SEBI registered financial advisor for your financial matters before investing And taking any decision. We are not responsible for any profit/loss you made. Request your support and engagement by liking and commenting & follow to provide encouragement HAPPY TRADING 👍
NSE:BANKNIFTY
by Jagadheesh_JP
2
NIFTY INTRADAY LEVELS FOR 22/02/2024BUY ABOVE - 22120 SL - 22070 TARGETS - 22170,22250,22300 SELL BELOW - 22020 SL - 22070 TARGETS - 21960,21890,21850 NO TRADE ZONE - 22020 to 22120 Previous Day High - 22250 Previous Day Low - 22020 Based on price action major support & resistance's are here, the red lines acts as resistances, the green lines acts as supports. If the price breaks the support/resistance, it will move to the next support/resistance line. White lines indicates previous day high & low, high acts as a resistance & low acts as a support for next day. Trendlines are also significant to price action. If the price is above/below the trendlines, can expect an UP/DOWN with aggressive move. Please NOTE: this levels are for intraday trading only. Disclaimer - All information on this page is for educational purposes only, we are not SEBI Registered, Please consult a SEBI registered financial advisor for your financial matters before investing And taking any decision. We are not responsible for any profit/loss you made. Request your support and engagement by liking and commenting & follow to provide encouragement HAPPY TRADING 👍
NSE:NIFTY
by Jagadheesh_JP