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Where are you at?Hey guys! Let's have a look on GU of 4H timeframe. Now we are sitting on the main level of resistance (4H and Daily as well). Gonna wait for new impulse to the upside according to our trend. But on a Daily timeframe we can notice ascending nature (channel) and we know this is reversal pattern. So the new impulse to the upside should appear and then wait for a retrace candle on 4H timeframe to get a short position. There are a lot of space on Daily timeframe to get to our main level of support 1.3400. Let's go!
by Infinity_Limits_Trade
GOLD Long breakout expected next?...The Dollar continues to retreat on a mixture of broad risk factors and US specifics following confirmation that Treasury Secretary-in-wating Yellen favours bold fiscal stimulus and market forces when it comes to the Greenback’s value, while she also intimated that increased spending should not necessarily raise the tax burden for businesses extortionately (or proportionately). The index is trying to keep tabs on the 90.500 level having declined to 90.272 and hold above support ahead of 90.000 via the 21 DMA that comes in at 90.141 today. Conversely, Sterling is back in the ascendency, and across the board as Cable sets sights on 1.3700+ again and Eur/Gbp tests bids into 0.8850 amidst reports of heavy selling interest after the cross breached 0.8900. Firmer than forecast UK inflation metrics may have prompted some upside, but the Pound’s revival appears more corrective and positional in advance of another speech from BoE Governor Bailey. In terms of the gold sentiment, we could see a rally over the rest of the week taking gold back above the $1,900 handle...
OANDA:XAUUSDLong
by FTUKcom
7
The Buck was already losing altitude before the return of US...The Buck was already losing altitude before the return of US markets from their long MLK junior holiday weekend, but the pull-back has continued through 90.500 in DXY terms to 90.401 vs 90.768 at one stage and from within a whisker of 91.000 yesterday, assessing US Treasury Secretary nominee Yellen’s confirmation Q&A where she is expounding the virtues of a market-determined level for the Dollar, as widely anticipated. Possible upside heading into tomorrows session...
TVC:DXYLong
by FTUKcom
7
It’s been a close contest for much of Tuesday’s EU session...It’s been a close contest for much of Tuesday’s EU session and is still likely to go down to the wire as the Aussie and Euro remain neck-and-neck in the race for first place among majors. Both currencies have gleaned encouragement from independent factors, such as Capital Economics calling for the RBA to terminate asset purchases by April and ZEW survey metrics exceeding expectations along with an encouraging assessment of the outlook for exports, but a broad Greenback retreat is the common denominator, as Aud/Usd and Eur/Usd attempt to secure grips on respective 0.7700 and 1.2100 handles amidst waning risk sentiment, and hefty 1.2 bn option expiry interest for the former bang on the round number. Back to the Euro, reports suggesting that Italian PM Conte is making progress towards building a majority in the Senate where he requires 161 votes to receive a 2nd vote of confidence could give the single currency another fillip if confirmed to breach 1.2150.
Short
by FTUKcom
4
Eur/Usd may also be deriving some traction from Italy...Check out my last video on this. Retracement has been fulfilled... The Euro and Aussie are vying for top spot among the non-Usd G10 currencies, with the former back above 1.2100 after breaching the 50 DMA at 1.2091, and the latter retesting 0.7700 where big option expiries reside (1.2 bn). Eur/Usd may also be deriving some traction from Italy following PM Conte’s vote of confidence from the Chamber of Deputies, though tonight’s Senate result will likely be a much tighter call as he needs 161 votes to survive vs current expectations of 154-158 in his favour. For the record, only modest upside in reaction to a firmer than forecast ZEW survey towards 1.2130 as Germany looks set to extend its lockdown until mid-February from the end of this month. Buck bulls have been impeded by a broad upturn in risk sentiment first and foremost, but the fact that the index failed to sustain gains through a key technical level in the form of the 50 DMA at 90.931 on Monday vs 90.927 today, and extend beyond 91.000 may also be telling. However, the DXY is holding around 90.500 on the way back down to keep chart proponents encouraged and it would be far too premature to suggest that the Dollar is set for a complete turnaround Tuesday in terms of its overall recovery from worst levels, barring a further, deeper retreat or something more detrimental from US Treasury Secretary nominee Yellen at her confirmation hearing.
Short
by FTUKcom
7
EUR/AUD: Continue of the downtrend; bearish signal!!!In this analysis in H8 timeframe, it's so beautiful just to find down a good profit in Forex. So, I have calculated that EUR/AUD it's going to down toward the $1.54 AUD. So, that will be not good for the Euro. So, I follow the trend, that always it's my friend. Daily chart it's so bearish too!!! In the past, EUR/AUD was into this bullish channel and then, was break down in weekly chart and we starting a new bearish trend if you trade in intraday maybe in H4 timeframe it's very good. And looking in monthly tiimeframe, I see that EUR/AUD it's more bearish and we can to see in the future down price toward the $1.43 AUD If you like this analysis, you can to share my analysis with your friends, traders and more and have any plan and idea of this short position. Remember: I'm more enfocous in the world of cryptocurrency, but in sometimes I make technical analysis in commodities, index and Forex, my own pars to trade. But I trade more cryptocurrency becuase I believe that I'm so speciality in it. And not just in the volatile market that I'm a crack make analysis on Bitcoin or Ethereum, maybe I can to trade in other volatile market like stocks, gold, silver and others. But yes, I like and love to trade Forex to know the situation of the central bank, interest rate and know the sitation of the rest of economies. I like Forex after of trade cryptocurrencies. Because I'm so fan on cryptocurrencies to trade and it's one of my first market to trade and most prefered. So, in summary we see a bearish trend and I see that EUR/AUD it's going to down. I put a sell order limit at $1.5748 AUD with a SL at $1.5810 AUD or 60 pips and my targe will be $1.5434 AUD or 315 pips.
Short
by harisonhbn9718
3
GBPUSD H4 - Long Trade SetupGBPUSD H4 - USD strength seen off the back of the weekend headlines and USD upside gap, various reasons supporting this, such as the US vaccination manufacturing, Trumps comments last week regarding stand-down and January 20th transition, stim packages etc... Eyes peeled on DXY going forward this week, looking to suss our whether these moves are short or medium term. 1.35 support on cable has finally been seen after failing to break 1.35500 last week.
Long
by Trade_Simple_FX