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Fomo Liquidity Pullback 🤐Anticipating a pullback with London session to clear Fomo liquidity. Depending on the amount, we may observe a pullback to 1.07435 4hr Resistance zone. If the market is extra stubborn then we may see a more sustained pullback to 1.075 area. Manufacturing data during NY session today surprised to the upside and beat the forecast creating a dramatic selloff on EurUsd. Not surprised for us here at ShrewdCatFx since we have been outlining the Market sentiment surrounding USD with hot labor market and increasing inflation readings last month of March. Good manufacturing data was just gasoline on the already hot USD. On another note, it's the beginning of the week still.. it's pretty early in the week and we've already observed some great volatility.. I believe we may observe some rversion to the mean for EurUsd and London will cause some pullback volatility to gather liquidity and plus it's only Monday. We still have ADP and NFP which will be a good excuse for more volatility.. so in the meantime we may mess around and range or pullback.. if not then I may be wrong and our next 4hr zone 1.07265 and 1.07105 are our next short targets for the upcoming sessions which has USD job openings news which is forecasted to decrease slightly across the previous data point which lines up with some at least short term EUR strength.. safe trading
Long
by ShrewdCatfx
2
EurUsd Beginning of Q2, 2024 📅Hello Traders, the March Monthly candle has closed bearish with a large top wick which looks to have rejected the top of our Monthly range at 1.1028. We now have 3 Monthly candle closing bearish consecutively which suggest more downside on EurUsd possible as we enter Q2, 2024. The top wick on the March monthly candle looks like a fresh liquidity grab for a push towards our monthly support level 1.057 in April. Our first stop will be the February monthly candle low price ( 1.695). Strong Jobs data in March and increasing Inflation readings suggest continued uncertainty surrounding the Fed's ability to get a handle on the market. In the meantime we can observe USD strength Q1 ,2024 and this may continue as we enter Q2. Anything can happen in the markets and it's important that we always remain flexible in our approach and strategy for profiting from the markets. In the short term, our key levels of interest are Daily Resistance level created last week 1.08373. Another key level being the level that we mentioned multiple times last week, 1.0765 weekly support level. The Friday daily candle (march 29th) reacted off here and closed bullish. The next key level is 1.07105 Daily Support Level. Monthly Weekly Daily
Short
by ShrewdCatfx
PIVXUSDT will Be 100x? The Fibonacci retracement level of 50% has effectively served as strong support for this currency, initiating an bearish trend. If the main trendline breaking, the possibility of growth up to the historical price ceiling exists! If you are a highly risk-tolerant investor, you may consider projects with a market cap below $40 million listed on Binance, especially those recently listed like PIVX. ⚠️ Ideal scenario for these projects: You can allocate 5% to 10% of your principal capital to hold! Preferably in the lower-risk range, especially after a trendline break! (Expensive but low risk)
BINANCE:PIVXUSDLong
by ChartFeed
1
SasanSeifi 💁‍♂Long-Term 5-Day TimeframeHey there,✌ As observed on the MEXC:BTCUSDT chart, the price has been on an upward trend since early 2023, reaching a high of $73,000. After breaking its all-time high (ATH), the price has entered a consolidation phase for about 19 days. Here are some possible scenarios: ⏩After the consolidation period and volume accumulation, the price could potentially rise to the target range of $78,000-$80,000. Following a negative reaction or pullback, it could resume its upward trend and reach the $100,000 mark in the long term. To better understand the continuation of this trend, it is crucial to observe how the price reacts to the $80,000 resistance level. ⏩Alternatively, If the price breaks below the $60,000 level after consolidation and confirms support below it, the probability of a deeper correction increases. This is not financial advice. Always do your research before making any investment decisions.❗ Sure, if you have any more questions or need further clarification, feel free to ask. I'm here to help!✌ if you found my analysis helpful, I would appreciate it if you could show your support by liking and commenting. Thank you!🙌
Long
by SasanSeifi
XAU/USD | GOLDSPOT | New perspective | follow-up detailsGold closed last week deeply entrenched in negative territory, facing strong headwinds from a resilient US Dollar (USD) which hindered XAU/USD from capitalizing on declining bond yields. The Federal Reserve's March meeting highlighted the urgency for policymakers to consider interest rate reductions, despite recent inflation reports suggesting a potential reacceleration. This initially propelled XAU/USD to reach new all-time highs, albeit briefly. Presently, the US economy exhibits signs of resilience, with the Federal Open Market Committee (FOMC) projecting a growth rate of 2.1% for 2024, up from the previous estimate of 1.4%, while maintaining the Unemployment Rate at 4%. Attention now turns to inflation metrics, particularly the Personal Consumption Expenditures (PCE) index, favored by the Fed, which is anticipated to reach 2.4%, with core PCE projected at 2.6%, an increase from 2.4%. As we prepare for the upcoming week, this video serves as a guide to navigating the current market dynamics, offering insights into potential strategies amid these shifting economic conditions. XAUUSD Technical Overview: In this video, we conducted a comprehensive analysis of the XAUUSD chart, utilizing both technical and fundamental perspectives. Our examination included an in-depth study of key levels, historical price movements, market behaviours, and the interplay between buyers and sellers, aiming to unveil potential trading opportunities. Our focal point for the week is the $2,145 zone, endowed with historical significance, rendering it a pivotal level. The sustainability of bullish momentum above this zone could pave the way for continued buying pressure, potentially propelling prices to new highs. Conversely, the appearance of a reversal pattern or a breach below the $2,145 level, coupled with persistent selling pressure, might signal a resurgence of bearish sentiment. #GoldMarket #SafeHavenAssets 📺🔔💼 Disclaimer Notice: Please be aware that margin trading in the foreign exchange market, including commodity trading, CFDs, stocks, and other instruments, carries a high level of risk and may not be suitable for all investors. The content of this speculative material, including all data, is provided by me for educational purposes only and to assist in making independent investment decisions. All information presented here is for reference purposes only, and I do not assume any responsibility for its accuracy. It is important that you carefully evaluate your investment experience, financial situation, investment objectives, and risk tolerance level. Before making any investment, it is advisable to consult with your independent financial advisor to assess the suitability of your circumstances. Please note that I cannot guarantee the accuracy of the information provided, and I am not liable for any loss or damage that may directly or indirectly result from the content or the receipt of any instructions or notifications associated with it. Remember that past performance is not necessarily indicative of future results. Keep this in mind while considering any investment opportunities.
PEPPERSTONE:XAUUSD
by darcsherry
Monthly Candle Closure Volatility ♠️Some banks and Institutions require their execution desks to close positions as the month comes to and end. This sometimes causes wild and irrational choppiness in the price action. Caution as the market closes out the month of March 24'. PCE data is forecasted to decrease which could spark some optimism and a rebound to the upside to end the month. If not, we may very well see a continuation of momentum with safe-haven buying of the USD aka EurUsd heads to the sea floor. Next target for shorts is weekly level 1.07663 and 1.07451 4hr zone. 0:0 Monthly timeframe 3:42 Weekly timeframe 5:30 Daily timeframe 7:03 4hr timeframe 9:30 1hr timeframe and upcoming news
by ShrewdCatfx
1
The Hidden Key --> Multi-Timeframe Analysis 🪀I begin by explaining the Video Idea--> Using Multi-Timeframe analysis to put together a trade idea. MTF analysis is absolutely crucial for running a profitable trading business... It's something that takes some experience but once you understand the way in which all timeframes move together it's like an Aha moment. We look at 3 timeframes.. the 1Hr, 4hr and the Daily timeframes. We observe an example from just a few days ago that outlines how it was very possible to catch a 20 pips after the Monday(3/25/24) daily candle closed bullish.. Give and rocket and leave a comment for similar content in the future!
Education
by ShrewdCatfx
2
March 24' Rejection of 1.09485 --EurUsd-- Fundamental Outlook🎬Since the March 8th touch into 1.09485 Weekly level, we have depreciated 146 Pips on Eur/Usd. In Today's analysis we break down the most important News events of March 24'. These include NFP, CPI, and Interest rates. All of these news events have played a significant role in the downside movement we can observe on EurUsd across the past 2-3 weeks. Leave a rocket and share for more similar analysis in the future. Safe Trading
by ShrewdCatfx