AUDCAD Buyers In Panic! SELL!
My dear subscribers,
My technical analysis for AUDCAD is below:
The price is coiling around a solid key level - 0.9134
Bias - Bearish
Technical Indicators: Pivot Points Low anticipates a potential price reversal.
Super trend shows a clear sell, giving a perfect indicators' convergence.
Goal - 0.9124
About Used Indicators:
By the very nature of the supertrend indicator, it offers firm support and resistance levels for traders to enter and exit trades. Additionally, it also provides signals for setting stop losses
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WISH YOU ALL LUCK
Signal
XAUUSD ANALYSIS FOR ASIAN SECTION 02/07/2024
The XAU/USD (Gold Spot to US Dollar) pair is currently experiencing a mixed outlook. As of July 2, 2024, gold prices have shown some stability, with the spot price hovering around $2,327 per ounce, reflecting a slight increase from previous levels.
Technical Analysis:
Support and Resistance Level s : Gold is facing resistance at $2,338 and support around $2,318. If prices break above the resistance, further upward movement could be seen; conversely, a drop below the support level could indicate a bearish trend.
Moving Averages: Technical indicators like the EMA (Exponential Moving Average) suggest a bearish sentiment in the short term, as the EMA 34 is crossing below the EMA 89.
Market Sentiment: The overall market sentiment is cautious, with investors waiting for further economic data and potential catalysts to drive significant movement in gold prices.
Economic Factors:
US Dollar Strength: The strength of the US Dollar is a crucial factor influencing gold prices. A stronger dollar tends to put downward pressure on gold.
Global Economic Indicators: Upcoming economic events, such as the ECB Forum on Central Banking and speeches by central bank officials, are likely to impact market sentiment and gold prices.
Given the current analysis, it's advisable to monitor these key levels and economic indicators closely to better anticipate potential movements in the XAU/USD pair
For asian section we are anticipating a bearish reversal
ENTRY: 2332.50
TP 2329
TP2 2327
TP3 2324
TP4 2321
SL 2339
LIKE FOLLOW AND BOOST US FOR MORE ANALYSIS SIGNALS NEWS
XAUUSD : Gold finds old peak at 2365$The dollar remains strengthened, especially against currencies where central banks have a more dovish stance than the Fed – most notably the yen and renminbi. However, gold investors still ignored fluctuations in the foreign exchange market, so gold recovered from the weak level at the beginning of last week and ended the week in the green.
The fact that gold continues to "ignore" the strength of the USD shows that investors do not consider gold as a foreign exchange product, they still focus on the appeal of this metal after years of inflation exceeding forecasts. weakening the purchasing power of fiat currencies.
US NFP and CPI data are notable for the USD and gold
The latest US inflation data on Friday (core PCE index) was fully in line with market expectations. Other key U.S. economic data sets are due out in the coming weeks, including the June nonfarm payrolls report on Friday, followed by CPI data on July 11. Some other important economic data this week are also worth watching, such as ISM manufacturing and services PMI, ADP employment data, JOLTS jobs openings and FOMC meeting minutes.
It can be seen that gold is still "standing firm" even though the USD is strengthening, so the possibility of gold soaring to a new record peak if the USD weakens at this time is not too far-fetched. Therefore, it is necessary to closely monitor the upcoming data series. Any sign of further weakness in the U.S. economy will strengthen expectations for more than one Fed rate cut in 2024.
Gold still shows a long-term upward trend. Although gold has recently appeared to be moving sideways and its upward momentum has slowed, this could be a positive sign. Because this accumulation period helps the RSI reduce the "overbought" situation on the weekly and monthly charts. This is mainly achieved through time rather than price action, which is usually a bullish sign.
GBPCHF - Strong Supply!Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📈 GBPCHF has been overall bullish, trading within the rising channel in red.
Currently, GBPCHF is hovering around the upper bound of the channel.
Moreover, it is retesting a supply zone marked in red.
🏹 Thus, the highlighted red circle is a strong area to look for sell setups as it is the intersection of the supply zone and upper red trendline acting as a non-horizontal resistance.
📚 As per my trading style:
As #GBPCHF approaches the red circle zone, I will be looking for bearish reversal setups (like a double top pattern, trendline break , and so on...)
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
XAU rebounded after moving sidewaysMany analysts believe that the gold market is in a calm period and may fluctuate again at least until the end of this week. The increase in buying by investors at the beginning of the session is the expectation that the price will increase after the precious metal is in a low price range.
The current monetary policy stance of the US Federal Reserve (Fed) could trigger another sell-off in the market.
As long as the Fed loosens monetary policy, it will put pressure on the USD and push up gold prices.
Gold prices are cautious before signals from the world's No. 1 eThe election in France and americaA employment record also are one of the critical using forces to push buyers to pour into treasured metals.
Many analysts trust that the gold marketplace is in a relaxed duration and might range once more as a minimum till the stop of this week. The growth in shopping for via way of means of buyers at the start of the consultation is the expectancy that the fee will growth after the treasured steel is in a low fee range.
The modern-day economic coverage stance of americaA Federal Reserve (Fed) should cause any other sell-off withinside the marketplace.
As lengthy because the Fed loosens economic coverage, it'll positioned strain at the USD and push up gold prices.
GBPCAD My Opinion! BUY!
My dear followers,
This is my opinion on the GBPCAD next move:
The asset is approaching an important pivot point 1.7288
Bias - Bullish
Safe Stop Loss - 1.7240
Technical Indicators: Supper Trend generates a clear long signal while Pivot Point HL is currently determining the overall Bullish trend of the market.
Goal - 1.7359
About Used Indicators:
For more efficient signals, super-trend is used in combination with other indicators like Pivot Points.
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WISH YOU ALL LUCK
GBPNZD: Short Signal Explained
GBPNZD
- Classic bearish setup
- Our team expects bearish continuation
SUGGESTED TRADE:
Swing Trade
Short GBPNZD
Entry Point - 2.0824
Stop Loss - 2.0875
Take Profit - 2.0736
Our Risk - 1%
Start protection of your profits from lower levels
❤️ Please, support our work with like & comment! ❤️
XAUUSD : Gold will break out in the near futureWorld gold prices fluctuated around 2,325 USD/ounce in the first trading hours of the Asian session.
Last week, the gold market continued to move slowly and steadily, as the yellow metal once again traded within a narrow range between 2,300 and 2,340 USD/ounce. Gold prices are expected to be volatile this week as the market receives a series of important data, including employment data and June meeting minutes.
MarketGauge's chief strategist - Michele Schneider said that world gold prices are stable amid many risks. However, inflation and the US Government's budget deficit are increasing, which firmly supports gold prices. According to this expert, gold prices tend to increase in the long term if the support level of 2,300 USD/ounce is maintained.
GOLD : Gold recovered strongly this weekGold prices are becoming unpredictable in the coming days, with many mixed views from analysts and investors, according to Kitco's gold price trend survey results next week.
Specifically, in a survey on Wall Street, 12 analysts responded, of which 33% thought gold prices would continue to increase, 17% thought gold prices would decrease and up to 50% predicted gold prices. across.
In the online survey on Main Street, 178 investors responded, with 48% predicting gold prices to increase, 28% predicting gold prices to decrease and up to 24% predicting gold prices to decrease. horizontal.
Next week, investors will continue to wait for information related to the US macroeconomy to be released, after last weekend's information showed that inflation in the US cooled down, reinforcing expectations about the Federal Reserve's announcement. The US Federal Reserve (FED) may cut operating interest rates in the second half of this year. This will positively impact the increase in gold prices.
why both gold and dollar rising?While gold and the US dollar typically have an inverse relationship, there are scenarios where both can rise simultaneously. Here are some reasons why this might happen:
1. Global Economic Uncertainty
Safe Haven Demand: In times of significant global economic uncertainty or geopolitical tensions, both gold and the US dollar can be seen as safe-haven assets. Investors might flock to both for safety, driving up their prices simultaneously.
2. Inflation Concerns
Inflation Hedge: If there are rising inflation concerns, investors might buy gold as a hedge against inflation. Simultaneously, if the US Federal Reserve signals or implements interest rate hikes to combat inflation, it could strengthen the US dollar. Thus, both assets could rise together in response to inflation fears.
3. Diverse Investor Behavior
Diverse Risk Perception: Different investor groups might have varying risk perceptions and strategies. Some might be buying gold due to concerns about fiat currencies and long-term value retention, while others might be buying the US dollar because of its short-term liquidity and stability.
4. Central Bank Policies
Monetary Policy Divergence: If other major economies are implementing more aggressive monetary easing compared to the US, the US dollar might strengthen relative to other currencies. Simultaneously, if these policies stoke fears of currency devaluation or economic instability, gold might also rise as a hedge.
5 . Mixed Economic Data
Mixed Signals: There might be mixed economic data where certain indicators (like strong GDP growth or low unemployment) support a stronger US dollar, while other indicators (like high inflation or high debt levels) support higher gold prices.
6. Short-term Market Dynamics
Market Speculation: Short-term trading dynamics and speculative activities can cause both gold and the dollar to rise simultaneously. Traders might be reacting to news or events that have complex implications for both assets.
7. Real Interest Rates
Real Interest Rates: If real interest rates (nominal interest rates adjusted for inflation) are low or negative, both gold and the dollar can rise. Investors might seek gold as a store of value while also moving into the US dollar for its relative stability.
Recent Examples
Pandemic Response: During the COVID-19 pandemic, there were periods when both gold and the US dollar rose. This was due to massive economic uncertainty prompting safe-haven buying of gold, while global demand for liquidity and safe assets boosted the US dollar.
Geopolitical Tensions: Events like geopolitical conflicts can lead to simultaneous rises in both assets as investors seek safety in gold and the US dollar.
Conclusion
While the typical relationship between gold and the US dollar is inverse, various factors like global uncertainty, inflation concerns, diverse investor behaviors, central bank policies, mixed economic data, and short-term market dynamics can lead to both rising together. Understanding these factors helps in comprehending the complex interactions in financial markets.
xauusd analysis for the day 1/07/2024xauusd is following a neutral pattern for the day before European market opening.
we will provide major support and resistance for the recent market scenario. a further update will be given based on market momentum changes,
right now xauusd is following a ranging market.
Support
2321
2314
2306
2297
2288
2282
Resistance
2332
2337
2347
2362
2378
2396
these support and resistance can be used as bullish and bearish targets for your trades,
PLEASE BOOST US LIKE AND SHARE US SO THAT WE WILL BE MOTIVATED TO GIVE MORE UPDATES.
BTC - Next Bullish Impulse Soon!Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📈 BTC has been overall bullish, trading above the rising trendline marked in red.
Currently, BTC is undergoing a correction phase and approaching the trendline.
Moreover, it is retesting a strong support zone marked in blue.
🏹 Thus, the highlighted blue circle is a strong area to look for trend-following buy setups as it is the intersection of the blue support zone and red trendline acting as a non-horizontal support.
📚 As per my trading style:
As #BTC approaches the blue circle zone, I will be looking for bullish reversal setups (like a double bottom pattern, trendline break , and so on...)
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
Bitcoin's Inverse Head & Shoulders Playing Out As ForecastedFive weeks ago I made my first analysis on this pattern where I argued that the dotted purple support was my ideal target for an inverse H&S reversal pattern.
Once we were there it was a moment of truth for the bulls. My initial trade had a stop that was too tight. Nevertheless the overall idea was a success since we've now successfully reversed from my purple support area.
The daily RSI hitting oversold for the first time in almost a year was a great entry signal for crypto as a whole.
I'm expecting the bullish trend to continue at least for the next few weeks towards the top resistance (neckline) of the H&S.
Keep in mind, the inverse H&S is not completed yet. Once we hit the neckline (and ideally break through it) we can see a new all-time high coming soon.
Are you bullish or bearish? Share your thoughts.
The Fed is still delaying the process of cutting interest ratesGlobal coverage plans will now no longer allow the Federal Reserve`s sluggish tempo of hobby charge cuts distract them an excessive amount of from their coverage energies.
Of the 23 global critical banks profiled in Bloomberg's quarterly report, best Japan is not likely to lessen borrowing fees over the subsequent 18 months. Most have been set to achieve this this year.
In all, one hundred fifty five centers could be eliminated from the worldwide benchmark benchmark compiled through Bloomberg Economics through the give up of 2025. Even the Fed itself, with its plans to reduce borrowing fees, has been scuppered through inflation. US onions will nonetheless make a few profits this year, consistent with forecasts.
US Federal Reserve
Current hyperlink yield (higher limit): 5.5%
Bloomberg Economics forecast through the stop of 2024: 5%
Bloomberg Economics forecast through the stop of 2025: 4%
Market price: Down 0.25 factors in November, with the opportunity of every other 80% drop in December.
GBPAUD Under Pressure! SELL!
My dear followers,
This is my opinion on the GBPAUD next move:
The asset is approaching an important pivot point 1.9288
Bias - Bearish
Safe Stop Loss - 1.9348
Technical Indicators: Supper Trend generates a clear short signal while Pivot Point HL is currently determining the overall Bearish trend of the market.
Goal - 1.9190
About Used Indicators:
For more efficient signals, super-trend is used in combination with other indicators like Pivot Points.
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WISH YOU ALL LUCK