Shorttrade
GBP/USD Prediction on 23.06.2023The economic climate in Europe indicates a bearish trend for the Euro. The combination of sluggish growth, increasing inflation, and rising unemployment rates are contributing to a pessimistic outlook for the European Union's single currency. With member countries grappling with fiscal challenges, there are mounting concerns that the Euro's value could be further eroded. With no immediate signs of an economic recovery, it seems the bearish tide for the Euro is likely to persist in the foreseeable future.
GOLD 16/5 ! Will gold continue to fall?Yesterday, the price of gold experienced a significant increase due to a substantial decline in the value of the US dollar, reaching its lowest point in over a month.
At present, the gold market is displaying strong resistance following the Federal Reserve's indication of the potential for two additional interest rate hikes this year. This has heightened experts' confidence in gold, leading to predictions that this valuable metal will sustainably surpass $2,000 per ounce.
Downtrend is still dominant today 6/16
Hard resistances at 1,962 - 1,965 - 1,967. In these areas, you can watch Short
Technical indicators are approaching oversold levels, and the 34 and 89 EMAs are currently moving around the $1960 level.
Yesterday fake bullish day for EURThe surge of fake news circulating in the media realm seems to have an unconventional impact on the currency markets. In a seemingly counterintuitive scenario, there is increasing evidence that the prevalence of fake news may be fueling a bullish trend for the Euro (EUR).
As misinformation spreads, investors often seek security in more stable and regulated economies. Given the European Union's robust regulatory framework, particularly in terms of information dissemination and data protection, the Eurozone presents an attractive haven amidst the rising tide of fake news.
Investors are seemingly flocking towards the Euro, a signal that fake news, rather than fostering economic chaos, may be inadvertently bolstering trust in the EU's financial systems. This shift implies a bullish outlook for the Euro, as it seems to be attracting more investors seeking refuge from the uncertainty induced by the rampant fake news.
However, it is critical to exercise caution. The investment world is inherently unpredictable, and relying on the incidence of fake news to forecast market trends can be a risky strategy. It is recommended to keep a close watch on market indicators and consider multiple factors when making investment decisions. Remember, no single factor, including the spread of fake news, can entirely dictate the trajectory of a complex currency market like the Euro.
Moreover, this situation sheds light on a pressing issue. As much as the regulation of fake news becomes a challenge, it also turns into an opportunity for stricter standards, better governance, and improved financial security, potentially enhancing economic stability in the long run.
EURAUD I Short opportunity explained 150 + pipsWelcome back! Let me know your thoughts in the comments!
** EURAUD Analysis - Listen to video!
We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met.
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GOLD 21/6!! A slight recovery after the fallThe price of gold (XAU/USD) remains at a low point for the week, recovering from a three-day decline near $1,937. Investors are getting ready for an important event this week, which is the bi-annual testimony of Fed Chair Jerome Powell. It's important to mention that negative news about China, along with the Federal Reserve's hawkish stance and positive data from the United States, are keeping the bears in the XAU/USD market optimistic.
Expect a slight recovery of the downtrend on June 20. But the downtrend is still dominant
Can SELL price range $1946-$1950, SL 1960
Based on 2 technical indicators EMA 34, EMA 89 combined with the MACD, it shows that the 9 EMA crosses the upward signal line, showing divergence.
GOLD 19/6 @ Downtrend prevailsThe price of gold (XAU/USD) is currently being affected by negative market sentiment towards China and concerns about the Federal Reserve (Fed). It is currently trading near its lowest point of the day, around $1,955 in early Monday trading in Europe.
Recent news about several banks lowering their growth forecasts for China has dampened investor appetite for risk and put downward pressure on the price of gold. Additionally, comments from Fed policymakers that lean towards a more hawkish stance, along with the latest report from the US central bank to Congress, have also influenced the XAU/USD price.
It is also because of pressure from bad news from the world. Gold price has not been able to break through the Break out area of $1968, it is still trending down this week, June 19, 2023
Entry Short $1968 -$1970 , Buy zone $1943 - 1940
Use the technical analysis indicator strong resistance point at $1968 combined with the moving averages MA34 and MA89 , for a nice entry point .
Bitcoin faster than expected.New downward channel forming (note inverted chart). Expected it to follow the blue line. In this new descending channel it seems bitcoin is struggling to even oscillate through here and is getting forced down faster than i had anticipated (see my other chart). Looking to buy around 25k and then again 20-21k.
GOLD 16/6: sideway in bearish zoneFollowing the US's decision to halt interest rate hikes, the European Central Bank (ECB) raised interest rates by 0.25 percentage points in order to boost interest rates in the euro area to 3.5%. As a result, the US dollar significantly depreciated against several currencies, causing a sharp decline in US bond yields.
Consequently, the appeal of USD and bonds diminished for investors, leading them to redirect their investments towards precious metals. Consequently, the global price of gold occasionally experiences substantial increases of tens of USD per ounce.
Gold price on June 16 is fluctuating at $1961 level
Met strong resistance at the price range $1965 - $1967. The short-term main trend is not strong enough to overcome the resistance, watch for SHORT
Technical indicators are approaching oversold levels, and the 34 and 89 EMAs are currently moving around the $1961 level.
Get to the copper! 🐻🚁The industrial metals market often goes unnoticed by many traders, although some excellent trading opportunities are often to be found here. And with that, we say, "Get to the copper!" For things should get moving here quite soon. The completion of wave (ii) in magenta should be imminent here, the copper price should therefore initiate a bearish trend reversal in our target zone (highlighted in blue) and then indulge in extended sell-offs. Thus, depositing short positions between $3.89 and 3.96 should present an excellent opportunity to profit from the lift-off of the bearish chopper - which is, of course, headed south. We anticipate a significant sell-off before wave (iii) in magenta will at some later point be completed, at which point the bulls are expected to report back.
Profitable Trading Opportunity: ICICIBANK's Bearish MomentumTraders and investors looking for a lucrative opportunity in the stock market should closely monitor ICICIBANK for potential short positions. The stock recently closed below its 20-day Simple Moving Average (SMA), indicating a shift in sentiment towards bearishness. If ICICIBANK slips below the crucial support level of 924 tomorrow, it presents a favorable entry point for shorting the stock. With downside targets of 912 and 903, these profit targets can potentially be achieved within a single intraday session or over a period of 2 to 3 days. Don't miss out on this promising trading opportunity to capitalize on ICICIBANK's downward movement. Stay alert and execute your strategy wisely!
NZDCHF - Continuation To The Downside!Analysis:
This setup to us is ideal. Firstly price is clearly in a downwards trend and there is no doubt about this. We've seen price create a series of lower lows and lower highs which confirms that we are in a downwards trend. Knowing this we are only looking for shorts on this pair. Where price is currently is a very interesting area to us. Why? This area has held as major support in the past and as support recently so we now expect that it will hold as resistance. If you've been trading long enough you'll know that very often support can turn to resistance and resistance can turn into support. For more confluence at this area we have the 50% fib retracement level which we expect sellers will be sat at waiting before pushing price down further. We've also got an downwards trendline which has been beautifully respected multiple time showing us the bullish pressure and momentum on this pair. Fundamentally as well we're pretty neutral. Both the NZD and the CHF have almost the same long to short ratio so there isn't any real bias here until we dig a little further and we can see that the NZD only really had an increase in short positions by institutions whereas the CHF has an increase in both long and short positions by institutions so we actually have a slight bias to the bullish side of the CHF which goes with our idea and wraps up why we are bearish on this pair.
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Stay Safe - JPI
Disclaimer:
This does not constitute as financial advise. We are not responsible for any monetary loss that you endure. Trading is hard to be profitable with and we take losses just like everyone else does to. Our ideas won't always be correct which is why we urge you to always do your own analysis first before entering into the market but please feel free to use our analysis to assist you with yours.