Gold SetupGold is trying to complete a triangle near 1740- 1760 Level before any surge might happen towards new highs.
Safehaven
Searching for safe haven - SHORT on breakoutEURJPY might be on the descent and it has just reacted to long-term support. However, it also broke 200 EMA (Black Line) and is trading below rejecting it once. Suffice to say, that we are from my point of view, in the decision area right now.
Although high commodity prices, oil, in particular, are as bad for Japan as they are for Europe, Yen is still acting as a safe haven currency. This is likely behind a somewhat sharp move towards the support (orange).
If I am right and the markets are concerned about the energy crisis in the making and extended inflation in the commodities, Yen will be among the "safe haven" currencies investors may choose to pick.
Why trade it again in EUR? I like the support. If obvious levels like these get broken, moves are more likely to continue. I would consider trading it against AUD or CAD, but their charts do not paint as clear a level like this.
My safe haven theory is further supported by growing prices in Gold, but it is contradicted by growth in Euronext 100 (N100) which is not exactly a safe asset if Europe gets in trouble. I would like to see a reversal candle in Euronext too before or along with the breakout in EURJPY.
What do you think? Am I approaching relational analysis right?
SELL LIMIT ORDER FOR USDJPY: 4H SWING TRADETRADE TYPE: SELL LIMIT ORDER
TRADE DIRECTION: SHORT
TIMEFRAME: 4H
ENTRY PRICE: 113.170
STOP LOSS: 113.770
TAKE PROFIT: 112.570
RISK TO REWARD: 1:1
Follow this thread for any future updates regarding this specific trade
Bonds Test Higher LevelsZN is testing highs at 131'12. We have tested this level twice but are facing some resistance as confirmed by two red triangles on the KRI. The next level above is 131'20, and this will be the next target if we can break 131'12. The Kovach OBV is progressively getting stronger, but has currently leveled off. Bonds will likely range a bit until we see more momentum come through. We will have support from below from 131'02, then 130'26.
Bonds Establish ValueBonds have dipped but have found support at the levels we identified yesterday. ZN retraced from relative highs at 131'02 to 130'19. It has since rebounded and is currently testing 130'26. The Kovach OBV was quite strong, but has dipped with the retracement. We appear to be forming value between 130'19 and 131'02. If this is the case, then expect further support at 130'19 and resistance at 131'02. Beware of the vacuum zone below to 130'07. The next target above is 131'12.
US Dollar Trading IdeasThe US dollar has retraced from relative highs. We anticipated resistance 94.18 yesterday, and that is exactly what we have found. We appear to be establishing value between 93.82 and 94.18. Currently, we are clinging onto the 94 handle, barely hovering above 94.00 at the time of this writing. If we see another burst of momentum, we will need to clear 94.18, then the next target is 94.45. We will see further support at 93.60 and 93.43 otherwise.
Gold Finds SupportGold has given up the value area between 1795 and 1815. We have fallen back from 1795 to find support in the 1770's as we anticipated yesterday. 1789 and 1784 attempted to provided some support, but we have settled at 1777. Watch for gold to make another run for relative highs at 1795. However, the Kovach OBV has dipped notably, so be careful of lower levels. We will find further support at 1770, then there is a vacuum zone to 1759.
GOLD - Our Classic Safe Haven!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!
PALL resurgence medium termLooks like PALL is repeating a previous pattern. Very cyclic and resolves well with Williams Vix Fix. I see a local bottom that was supported with strong resistance from Aug 2021 to current. If growth is continued as anticipated, this commodity will rebound. If safe havens are sought, this commodity will also grow. Solid indicator data fitting PALL for a 20%+ gain in the next 2-3 months. Short term - I think the buy is in the 170-175 range within the next week or two.
For ease of interp - lime green indicates local bottom.
Just my thoughts.
CHFJPY - Getting Ready For A Massive Drop!We've been keeping an eye on CHFJPY for quite sometime now as price was at the extremes of the parallel channel. We are looking for any shorting opportunities to take CHFJPY down.
We've seen some JPY strength last week but we could be consolidating for a bit due to CHF strength (which we anticipated a couple of weeks ago). Looking for clear signs of reversal to enter CHFJPY.
See the diagram in the chart to see how you could use fibs to anticipate where one move will end and another will begin.
From the weekly chart we can see that there's a massive drop coming for CHFJPY!
Goodluck and trade safe!
Gold is Coming to an End !!!the side ways movement in gold is coming to an end and the triangle is almost done,
either we see a bounce from current levels and we get the activation by breaking 1793 level or we get a pullback to 1740 level to complete wave C of the triangle
but in both ways any retracement is a buy Signal.!!
USDJPY too overstretched! Correction Likely to Occur USDJPY is too overstretched or to put it in technical analysis term, its too oversold. Therefore an anticipated correction would likely occur. However as traders we perform technical analysis and await confirmation that a correction would likely take place.
Here we have a 4H chart of USDJPY. 115.000 represents a concrete monthly psychological resistance where the prices might likely reverse for time being. Also on the chart an ascending channel is visible and MONTHLY pivots. A confirmation which is needed here would be the following:
1) break of ascending channel
2) Close of 4H candle below the 4H 50 EMA
3) close of D candle below R2 monthly pivot
After all the above criteria have met, its important to know that the initial target would R1 MONTHLY PIVOT (112.500). However since this trade is on 4H timeframe, an extra caution is required which would be to notice where the weekly pivot pointS are located when the trade criteria has met. Combining all these, the risk to reward ratio evaluation is required and SHORT trade can be placed.
Note: This is just my personal technical analysis and its not a trade signal. The trade signal would be posted on an entirely different post shall the trade criteria meet.
Complicated Gold ScenarioGold might be preparing for a complex corrective wave that means the buying area will be near 1740/1748 levels.
don't get me wrong this scenario might not happen and we might see a surge in gold from current levels but you need to calculate the risks of a possible pullback.
1856 is a medium term target with current uncertainty in the capital markets- inflation- stagflation and earnings season.
USDCHF Calling For Help!!!many traders out their when they look into the weekly chart of USDCHF find it attractive since it never bounced in a corrective manner nor impulsive, and i agree long term there is still more room to go up.
but short term i still see some pressure from the DXY on this pair and we might target 0.8500 level before turning bullish again!!
Good luck!!
Gold Buy Signal!!Gold proved several times after completing the downfall and targeting 1680 as a double bottom that the retracement at the first place from 2073 dollars an ounce is still corrective.
all the advanced yet the classical technical analysis is showing a momentum and a possible surge in gold prices in the medium to long term.
lets not forget the inflation effect on gold definitely on the long term not short one.
CPI figures, not the best job reports and many more.
new highs will be seen in gold sooner or later with a target of 2350$ an ounce if broken 2590$ as a 2nd target.
USDCHF might aim higher shall the resistance break!A pierce of 4H candle through the swing high or the weekly R1 pivot would likely propel this pair towards the R2 weekly pivot. For this criteria to meet, we need the 4H candle to close above the swing high, retrace to weekly R1 and enter a LONG trade to target the weekly R2 pivot. Assessing the RR is very important. shall the criteria meet i will update the details in this thread
USDCHF Might aim for S1 Monthly PIVOT shall the Trendline break!USDCHF might aim for S1 monthly support shall the ascending trendline break. For this criteria to meet, we need to see the daily candle pierce both the trendline and D EMA in the process. After this what is required is to assess the RR for this trade, if feasible we can enter a SHORT to target the S1 monthly pivot. The S1 Monthly pivot is also present in the same area with another ascending trendline. Due to this, i strongly feel that the price might go down until those level.
Shall there be any updates i will update the entry criteria below in this thread
Bullish on Safehaven (SHA/USDT)Bullish on Safehaven (SHA)
At the moment the Safehaven chart looks very good. We broke out the trendline on the RSI and now we are moving to te resistance we build in months. We need to break this resistance to continue this rise.
*Not financial advive
Is the USD/JPY about to Fall? Strong Sell Signal!Hey traders so I have been watching this pair for several months and it looks to me like it has been carving out long term Head & Shoulders top. Finally it also looks like it is about to break below the neckline. If this occurs I think we could see a straight sell off to the profit target which is 106.50
The fact that the stock market is also starting to turn lower could accelerate selling because the Yen is known as a safe haven currency pair which means investors may buy it in times of uncertainty.
Sell Trade Entry 109.20
Stop Loss 111.00 above right shoulder.
Exit Strategy- Profit Target 106.50
Risk Management:
(Always look at every trade as how much you can afford to lose. Make sure it is your risk managment tolerance. Most experts recommend never to risk more than 2% of you total account equity on any given trade. Then protect your profits until market reaches your desired target.)
Trade Well,
Clifford
GOLD: the effects of tapering (Bernanke 2013 vs Powell 2021)Hi Guys,
to keep it simple...
Financial Crisis 2007-2008 and Pandemic led to the implementations of QE programmes in combination with other accomodative monetary policies.
Following these events FEAR drove the value of Gold to its highest at $2.000 both in 2011 and in 2020.
In both these occasions, after having reached $2000, the precious metal bounced off the support to unfold lower highs to form what may look like descending triangles.
In 2013 the support was finally broken when Ben Bernanke announced a "tapering" of some of the Fed's QE policies contingent upon continued positive economic data. Specifically, he said that the Fed could scale back its bond purchases from $85 billion to $65 billion a month during the upcoming FED policy meeting.
On Sept.22nd, 2021 Jerome Powell said tapering of bond buying coming "soon".
Can you see the similarities? Will Gold react the same way as it did back in 2013?
It seems too easy to be true. LOL.
Hope the above is of interest but if you have any queries please do not hesitate to ask.
Good luck everybody!
Cozzamara
Disclaimer:
Please note that I am not a professional trader and these are my personal ideas only. The information contained in this presentation is solely for educational purposes and does not constitute investment advice. The risk of trading in securities markets can be substantial. You should carefully consider if engaging in such activity is suitable to your own financial situation. Cozzamara is not responsible for any liabilities arising from the result of your market involvement or individual trade activities.
Trading in foreign exchange (“Forex”) on margins entails high risk and is not suitable for all investors. Past performance is not an indication of future results. In this case, as well, the high degree of leverage can act both against you and for you. Before you decide to invest in foreign exchange, you should carefully assess your investment objectives, experience, financial possibilities and willingness to take risks. There is a possibility that you will lose your initial investment partially or completely. Therefore, you should not invest any funds that you cannot afford to completely lose in a worst-case scenario. You should also be aware of all the risks associated with foreign exchange trading and contact an independent financial advisor in case of doubt.
DOGEELON MARS - 8000% Increase example - The new hype trend!Hello trading friends,
DOGEELON is a coin where you don't invest all your money, but same time it can become an unexpected huge and hype trend coin since this price action.
We have studied the most mem coins and other low price action coins, but we have come out that Dogeelon could be an interesting coin for the long term - this depending on more trends.
✅And yes we know also the risk of investing in coins as this - but we know also the market cap the interesting targets the updated news trends, data, and same time we base this on long-term TA.
✅we know the same time that coins as this when it gets increase hugged, it could have huge pullback also, but that's not a reason for us not to choose this project for long term.
✅And we know also about that some don't trust it, this was before also with doge and other coins. what are new and most don't enter will be not interesting until it shows a high-level target, but then the most time you pay the TOP price.
Watch trend are you expecting that this coin will go to an 8000% increase?
This is only an example trend - of course, all are possible into crypto, but we focus more on the coming long-term goal.
I mean if it will go to 8000%, a 200 USD investment that normally the most can lose will bring 16K.
But this is not the mean of this view chart. the main mean is that this coin could be interesting in the long term and only for HODL, no trading.
Have a great day.
Dogelon Mars - Shows interesting trend and more then 100% ...Hello trading friends,
Normally we do not update e small high-risk coins, but as our topic Coinview did choose this update we will share it with you here below.
the choice for this coin is going because of a new exchange trend that we have studied, and it's also not on the top price.
✅Coin view shines the light on Dogelon Mars the #628 Rank on cryptomarket.
we believe that this coin will come lower into ranking and that we can expect interesting trends in it coming time.
We have studied the most known coins as the safe moon and others that have small price action, and we come out that Dogelon Mars could have a better interesting target, which could double more times.
💎With this coin view update we expect a price action target with this coin that is listed on kucoin exchange.
☕️and of course, you never invest all in. I mean when you invest a coin with small price action as this for the long term, do it only with what you can lose.
📈You will see coming time more updates about this coin, this is the start from coin view expecting.
Have a great day.
