XAUUD: Gold Sees Over $125 In Bearish CorrectionBased on my continued and careful analysis of Gold, I believe that Bears are due to strike for a drop towards the levels of $1845
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Don't drown. Join the wave.
Safehaven
USDCHF: Greenback Demand Could Finally Break The Range!This market has been ranging for quite some time now, even the start of the conflict between Russia and Ukraine did not have much impact on this pair!. The reason being simple enough, they are both safehaven currencies and in risk off markets they are both in demand.
However, since Switzerland is in EUROPE, the conflict would likely increase the demand for the USD more compared to the CHF. However saying that does not mean we should LONG the USD here, technical analysis should always be performed to increase the trade probability and quality.
Looking at the main weekly chart on USDCHF, everything is self explanatory based on technical perspective. The main point here is we have to wait for the weekly candle to close outside the upper range to confirm this breakout. After this a LONG trade can be evaluated based on the risk to reward ratio.
Cheers, I hope you found this insight helpful. Please LIKE and FOLLOW for more insights on other major currency pairs
Gold and The Safe Haven MythConsidering the science of price action, the idea of a surefire safe-haven is only but a myth. Corrections are mandated and will continually occur, just as push is to pull.
Plainly put, the only legitimate safe haven is great analysis.
Gold preps for a return to $1775-$1800. All those who bought the top (assuming this was a safe haven) are destined for a sizable correction).
Safe Haven Rally Could Be CompleteGold has seen a strong surge due to being a safe haven commodity. The war between Russia and the Ukraine is playing a big part here as well as the inflation situation in the US.
We could see a break of the highs on this move but a larger correction is also on the cards should there be some relief. Time will tell which option plays out.
Happy trading
Linton
EUR/USD starting to break below its 22-year uptrendGeopolitical events continue to dominate, and this is being played out in the markets as a bearish bias on risk assets and investors continuing to head to safe havens – one of which is the US Dollar.
On the US Dollar Index chart, we have the 78.6% retracement at 100.785 (of the move down from the 2020 peak) and the 2016 and 2020 highs just shy of 104.00. But this is even more evident on the EUR/USD this chart as this is just starting to break below the 22-year uptrend. The 2020 low at 1.0635 and 1.0340 2017 lows are likely to provide some support on route to parity.
When markets start to accelerate lower in this manner, I tend to drop down into hourly charts, and utilise a combo of clouds and Fibonacci and the 9-period RSI to pinpoint where to drop stops down to.
We can see on the hourly chart that resistance converges 1.1080/1.1160 (28th January low and double Fibo). The base line and conversion line of the cloud formation offer initial resistance at 1.0945, 1.1027.
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Gold Edges HigherGold is steadily uptrending but meeting fierce resistance. We appear to be forming a bull wedge with 1956 as an upper bound as a 1956. There are several levels above this to provide resistance and after that there is a relative high at 1973 or so which is sure to provide resistance. The Kovach OBV is steadily trending up suggesting a slight bull bias. But if we reject current levels, then 1936 will provide support, but we could test as low as 1895, which is our floor for now.
Bonds Volatile As Geopolitics WeighBonds have demonstrated some great volatility in the past 24 hours. We tested 127'08, and formed a rounding bottom before blasting off again to the 128 handle. A wick hit 128'24, another one of our levels before retreating to level off in the mid 128's around 128'11. We are right in the middle of the previous range between 127'08 and 128'24. The Kovach OBV is flat, suggesting it could go either way from here.
UPTREND RESUMPTION: USDJPY LIKELY TO BREAKOUT FROM CONSOLIDATIONSince COVID-19 crisis eased around the globe from last year, we have seen a RISK ON mood in the markets thus propelling USDJPY to its recent highs! However at the moment the crisis between Russia and Ukraine has given this pair an excuse not to go higher. The safehaven status of the JPY is preventing this pair from heading higher and therefore we can assume its just consolidating at the moment.
With both USD & JPY being SAFEHAVENS in this scenario, we can expect the USD to win here. The reason being the FED is continuing to hike interest rates and inflation is at all time high. The tightening OIL supply also would just add to the inflation woe, thus putting pressure on FED to keep track on raising rates.
SIMPLY ON TODAY'S TERMS, THE INTEREST RATE DIFFERENTIALS BETWEEN THESE TWO SAFEHAVEN PAIRS WOULD LIKELY CAUSE USDJPY TO BREAKOUT AND HEAD TOWARDS THE LIKELY LONG TERM TARGET OF 118.000 LEVEL
CHEERS
Ruble Where You Going ?
Hi traders:
With the tension between Russia and Ukraine, we can expect the market to be volatile and moving during an uncertainly time.
As we know, USD is a safe haven currency, and here on USDRUB, we can see clear bullish price action on the bigger time frames.
With many bullish impulse phases follow by bullish continuations, price is getting push up to all time highs.
This is where usually price will consolidate, and potential to continue or reverse back down.
For me, my personal options is leaning more upside and continuation up move.
What we should wait for is some sort of bullish continuation correction on the lower time frames, to confirm the upside move.
With the situation between the two countries may get worse, USDRUB could on route to a new highs.
thank you
GOLD GOING BACK INTO THE 1900S? Gold was also triggered by supply fears along with Natural gas and oil. This fear was caused from sanctions being placed on Russia and Russia invading Ukraine. Gold rose to the price of $1974. Not far from its pervious high $2075 back in august of 2020. When there is fear in the market gold is often used as a safe haven asset. Investors will put their money into gold making market manipulation. Commodities also thrive off of fear.
Gold has been in a steady uptrend since January 28th of this year. So far it has been respecting the up trend. Gold made a correction after reaching $1974, retracing to 1878. The wicked off the trend line, and a bullish doji formed indicating bulls are coming back. A bullish divergence has also formed on 15 minute time frame and higher time frames such as 2hr. I see gold going to retest the 1944 area. If it breaks through pervious resistance prices such as, $1910, and $1925
With the was with Russia and Ukraine unknowingly coming to an end, US inflation at 40 year highs, stocks being down can drive investors to place more money in gold
GJ Drop After RetestAfter the war news and Russia attacked Ukraine, we saw crazy volatile moves in the market since yesterday and all the safe havens (XAUUSD, JPY, CHF, USD) got strong.
As you see in the chart, GBP got weak against JPY and we are in a sharp downside move.
Currently, price is pulling back to the broken support level to retest it. If price got rejected after touching the yellow level and closed a bearish confirmation candle below this level, I expect a drop on GJ to the last low around 153.500
This is big!!Maybe bitcoin is going to save us, this is the first time that we have cryptos in war time, is this a safe haven?
Gold Blasts Off After Russia Invades Ukraine 📈🤑🚀Gold has blasted through highs off news that Russia has invaded the Ukraine. We saw some resistance around 1917, with 1895 providing good support. But the news took us past 1936, through the vacuum zone to 1956 and then on to the 1970's, where we are finally encountering some resistance and potentially may have topped out for now. A red triangle on the KRI suggests this may be a high. The Kovach OBV has gained considerable strength, and does not appear to be leveling off any time soon. If we do pull back, consider 1956 or 1936 for support.
BEARISH VIEW INTACT! RISK OFF MOOD TO DRIVE EURJPY TO 125.400Bearish view still very much intact yet after EURO pushed up higher a few weeks ago, but clearly failed to break the descending channel's upper trendline. With the RUSSIA - UKRAINE crisis predicted to HIT the EUROZONE hard, we could see the safehaven currencies such as CHF, JPY & USD appreciate Vs the EURO. Based on this technical and fundamental analysis, we could see EURJPY steadily approach the 125.400 target area soon.
cheers
GOLD - Video Detailed Update!Hello everyone, if you like the idea, do not forget to support with a like and follow.
Here is the top-down analysis for GOLD, feel free to request any pair/instrument or ask any questions in the comment section below.
Best of luck!
WTI Oil Coming Lower to 1980s After Russian De-escalation? Currently Oil is sitting at a resistant trendline on the higher timeframes with a strong bearish candle being printed so far, about 2% down today. We've formed a double top on the timeframes below and after a brief pullback we're ready to move lower. This change in sentiment comes from the news that Russia has begun to withdraw troops off of Ukraine's borders but still looking to show off it's military power in drills that will take place in the future. Western media were salivating for war with Russia, an enemy it has built up in recent years, but in leaked wikileaks cables from 2008, Russia predicted the destabilization of certain Ukraine regions once the West tried to push into Ukraine because pro-Russian communities would begin to fight back. This has since come into fruition since 2014 and so Russia are clearly not acting on a whim, but rather a strategic posturing I would call recent events. Putin has not been afraid to downplay the strength of the Russian military in comparison to that of certain Western countries so it doesn't come as an ego damage that he would remove some troops. We'll see how this plays out but the situation has been overly exaggerated and now we will see outflows from safe havens if the above still holds through in the days and weeks to come.
BUY THE DIPS! USDJPY UPTREND STILL STRONGLY INTACT UPTREND IN USDJPY IS STILL STRONGLY INTACT!
USDJPY faces multiple support barriers as evident on the main daily chart. These supporting rising trendlines could only amplify the fact that uptrend is still intact and the price could very well crawl slowly slowly towards 118.000 target resistance in the coming months. The FED could start the tightening cycle this month and in the coming months too. With the inflation still on the rise, we could expect the USD to appreciate against the SAFEHAVEN YEN. The Ukraine -Russian crisis can only be seen as the BUY THE DIP opportunity in this current market scenario
GOLD IDEA, XAU/USD Price ForecastGold bulls are meeting critical resistance, all eyes on Fed speakers and Russian diplomacy. XAU/USD, was little changed on Friday, but the trend followers are still engaged with traders seeking safe-haven assets.
XAU/USD Price Forecast: Technical outlook
On Thursday, the non-yielding metal pierced the $1,900 mark for the first time since last June. However, XAU bulls’ failure to record a daily close left the yellow metal subject of a mean reversion move.
On Friday, XAU/USD consolidated in a $14.00 range. Should gold close within the range, a move towards February 15 daily high, resistance/support at $1,879 is on the cards, as XAU bulls prepare for an assault of $1,900. That scenario plays out, XAU/USD first resistance is $1,900.
However The breach of it opens the door towards $1,916, which, once cleared, will expose January 2021 highs at $1,959. However to my opinions i think there a short position to be placed when the price reaches to a strong resistance zone on 1900 region, just wait for confirmation and take trade.. safely
This are just my Assumptions......
Gold Hits Our Target!!Gold has hit our next target of 1905, after smashing through 1895. We saw resistance from 1905, as anticipated, and subsequently retraced slightly. We are currently seeing support just under our previous target of 1895. If we retrace further, we should see support at 1876, then 1865. After such a strong rally in gold, it is reasonable to anticipated a technical retracement. The Kovach OBV is still quite strong, but has started to level off a bit, suggesting we may anticipate a retracement or at least a sideways correction as gold feels out the current value area.
Bonds Attempt to Establish Value Near LowsBonds have picked up from lows, retracing the vacuum zone back to resistance at 126'19, exactly as we had predicted yesterday. The Kovach OBV picked up very slightly, but nowhere near enough to suggest any serious buying momentum. We are seeing resistance from these levels, as anticipated, confirmed by a red triangle on the KRI. It seems likely that ZN may retrace the range again, and find support at 125'17, but if we continue to test higher levels, then 126'18 and 127'01 are the next targets.
Short USDJPYShort opportunity on USDJPY, with trailing stop after 20 pips profit. Risk-off still prevails on the market.
Gold Falls Short of $1836Gold has found resistance at 1836, exactly as we anticipated in these reports. We have since retraced back to support at 1826, the next level down, after testing 1815 and finding support just above this level. Two green triangles on the KRI suggest strong support at 1821 or so. The Kovach OBV was pretty strong, but has leveled off in tandem with gold's top. From here, we are likely to establish value between 1815 and 1836. Note the vacuum zone below 1815 to 1795, which was a previous value area. If support does not hold at current levels we will surely test this value area once again.
AUDJPY | SHORT | Yen the frenShort signal with an entry point at Sell Stop 2/3/2022
Entry
Price: 81.685
SL: 83.475
Risking 0.5% on this trade.
I'm not a financial advisor or 'Guru', if you seek financial advice please find an advisor in your local area.
