EUR/NZD Next Move 31 - AugustTechnical Analysis Chart Update
EUR / NZD ( Euro / New Zealand Dollar )
Time Frame - H2
According to the Pattern that we have in Long Time Frame #LTF it is Following Bullish Channel and it is Rejecting from the Upper Trend Line #UTL
Here we have IMPULSE CORRECTION IMPULSE as well it has completed its " ABC " Corrective wave now it will again Follow Impulse
We have strong Selling Divergence also in Short Time Frame #STF
It is Currently Standing at the #DEMAND_ZONE we need Strong Rejection with Strong Bearish Price Action to enter in Sell
Signalprovider
GBPNZD > Bullish Harmonic Gartley Pattern!!Analysis of #GBPNZD
The GBPNZD in the process of completing a shallow bullish harmonic Gartley pattern might complete near a strong demand zone.
If the market completes this bullish Gartley pattern, I will wait for the market to push further down and enter at a better level near my structure support zone, also strong demand zone
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Gold- To resume its down move?After yesterday's low at 1720, Gold has started to correct the drop that started last week and has risen to an intraday high at 1745.
Now the precious metal looks ready to resume its down move and a drop to yesterday's low is probable.
I'm bearish as long as Gold is trading under 1750
EurAud- Rise after false breakOn the first of July, EurAud started to drop and the pair fell 1000 pips in only 6 weeks.
However, last week's drop under support is in fact a false break and on Friday the pair reversed and we have a strong bullish engulfing on our chart
I expect a reversal from this pair and a rise to 1.48 resistance
Buy dips as long as 1.4250 is intact can be a good strategy
Gold- Drop to 1680 again?Last week was an interesting one for Gold traders and after the middle of the week, bulls were in control and elevated the price, after the touched the 50% Fibo of the previous leg down and reached the resistance zone at 1770, the price has started to drop, leaving a long-tailed candle on our weekly chart.
This is an indication for me that the medium-term trend is down (this recent high being the 4th lower high since March) and Gold could drop further to 1680 support.
That being said, my strategy for the week is selling rallies towards 1750 with negation above last week's high and the target at 1680.
XAU / USD Gold New Week MoveXAU / USD ( Gold / U.S Dollar ) Technical Analysis Chart Update
Time Frame - H4
According to the Long Time Frame #LTF - Daily it is following the BEARISH CHANNEL Pattern and its about to Reach the Upper Trend Line #UTL
It is also Following ELLIOT WAVES and it has completed its Impulsive wave " 12345 " and now its making its " B " Corrective wave and it can reach 1712 till the Fibonacci Level - 23.60%
In Short Time Frame its Following the IMPULSIVE WAVES now its making Correction " XYZ " then it will again Follow IMPULSIVE WAVES ( Bullish )
Its possible it can reach the Resistance Level ( 1714 - 1723 ) then Reject
Long Term Buy after the Breakout if the Upper Trend Line #UTL and Retest
KMDUSDT(KOMODO) Daily tf Range Updated till 27-08-22KMDUSDT(KOMODO) Daily timeframe range. This is an old alt. altho fundamentally still active. there are decent amount of retail interest in its price action. specially its been heavily used by p and d groups, you can guess by those insane percentage of wicks. but beside those who took positions into swing low made out easy and quick profit.
US DOLLAR INDEX - THAT WAS A NICE PUSHH4 TF ANALYSIS
Last time we have made a post about
DXY's possible key levels where it will
test to find support.
We were able to anticipate the retest on
50EMA, golden fib level, and 107-107.500
key levels.
During the said event, DXY was dumping into
the said levels since we've planned it
beforehand, we were able to make an
entry on USD/CHF for the 2nd time since
my 1st position got stopped out, as well as
3rd entry short position on gold.
With this, Bitcoin also has tumbled down
with a pump and dump scenario which
we also have anticipated.
Overall, our trades for this week are on point
we took 5 trades and only 1 was stopped out.
FOR REFERENCE: CLICK ON THE LINK TO RELATED IDEAS DOWN BELOW FOR MY PREVIOUS ANALYSIS ON DXY
HELLO, TRADERS! IF YOU LIKE THIS ANALYSIS, PLEASE LEAVE A LIKE AND FOLLOW MY CHANNEL AND LET ME KNOW YOUR THOUGHTS BY COMMENTING DOWN BELOW.
Nasdaq100- The do or die momentThe first part of the year was very bad for indices and Nas100 in particular, with the technology index dropping around 30%.
However, in mid-June, a bottom was created and we have had a bullish run for 2 months now.
The index also managed to break above important 13k resistance which is a confluence one, given by the horizontal level and the falling trend line.
At this moment, the picture looks pretty bullish and we can have a continuation to the upside after the recent correction.
In such a case bulls can target 15k for the next leg up.
On the other hand, and this is very important, a failure to maintain 12800-13000 intact would make the recent break a nasty bull trap and the index could fall again to at least the previous low.
BLZUSDT(BLUZELLE) Daily tf Range Updated till 25-08-22BLZUSDT(BLUZELLE) Daily timeframe range. it took some time to map this alt. the price action for this alt is not as usual as dozens others. there are lots of out place moves here are there. we can guess there are retail interest and good amount of retail traders activity. Beside that its another high risk and reward alt. its easy to get trapped on those big wicks. but for a position trader a right setup can bring much rewards.
Gold- My target remains 1770 (update)For three days now I argue that Gold can rise and visit 1770 resistance and, indeed, after finding a bottom at the 1730 zone, the price has started to rise.
Yesterday Gold consolidated in a range and now the resistance of this range is broken.
Continuation after this break is to be expected and my target is in focus.
A drop under short-term support would negate this bullish scenario
My previous analysis of Gold:
DXY - Dollar Next Move 25 - AugustDXY - Dollar Technical Analysis Chart Update
Time Frame - M30
According to Long Time Frame #LTF it is Following BEARISH CHANNEL and Rejecting the Bullish Trend and Heading Towards its Lower Trend Line #UTL
If we Look Short Time Frame #STF we have SYMMETRICAL TRIANGLE with the Breakout of the Lower Trend Line #LTL and completed its Retest and Following Bearish Trend
Pairs Like XAUUSD , GBPUSD , EURUSD . ABCUSD can Follow Buy Trend
Pairs Like USDJPY , USDCAD , USDCHF , USDABC can Follow Sell Trend
Wedge Forming, I Want To Catch The Retest!The way I see it, the market can break either way from this position.
The current market structure could yield two possible long entries and one quality short entry.
I'm not going long in this market, because it's currently trending down, but I'd be more than happy to catch the retest at the base of this wedge.
Look out for the trade update, if the short scenario plays out!
XAU/USD * Gold Next Possible MovementXAU / USD ( Gold / U.S Dollar ) Technical Analysis Chart Update
Time Frame - H2
According to Pattern in Long Time Frame #LTF it is Following Falling Wedge and Completed its Retest
In Short Time Frame #STF it is Following Bearish Trend Line very Strongly so its possible that it can Go till Upper Trend Line #UTL and if it breaks abd retest then its Again buy
It is Currently at Demand Zone and Rejecting from Fibonacci Level - 38.20%
It has Completed its Impulsion and it making its " C " corrective way in Long Time Frame #LTF - Daily
In Long Time Frame #LTF we have Buying Divergence #RSI as well
Big money move! 🤑🤑🤑 (short)This is a move I've been anticipating since this range formed late last month.
There's a 100 pip gap in resistance sitting right above this range, I have a feeling that's where we're headed.
This is a straight forward supply & demand setup!
I'm anticipating a spike tomorrow morning
If price closes below the lowest low in this range before price hits one of my entries then this setup is invalid
I estimate that his trade will payout by Friday at the latest.
Good luck tomorrow!
GOLD long from support zoneThe market is falling from resistance, I expect a pullback to the nearest resistance level from support at 1730.700 if price rolls back to it, because the market oversold. My target is 1743.45 resistance zone .
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩💻
SP500- Important moment for bullsSince mid-June, SP500 had a very good run with the index rising around 15% from the bottom to the top.
However, since 4300 recent top, the index has started to drop and now is trading at 4200.
Looking at the daily posted chart we can see that 4100-4150 is a very important horizontal support and is imperative for bulls to maintain this zone to keep momentum to the upside.
On the other hand, a drop under this support to the 4k zone would signal a new lower high and more importantly a false break to the upside and the bearish trend that started at the beginning of the year most probably will resume.
That being said, I'm slightly bullish as long as the price is above the mentioned support
Gold in support zone. What's next?In the past two weeks, I've argued that Gold could drop to 1740 support zone and, indeed, after breaking under rising wedge's support and the failure to stay above 1800, XauUsd slid to my highlighted zone. So, now what?
Although is difficult to say at this moment if the drop from 1800 is in fact a lower high and Gold will resume its downward movement that started back in May or we will have a higher low to 1680 and Gold will resume its long-term bull trend, after 5 red days, at least a correction can follow.
That being said, in short term I expect a rise towards 1770 with interim resistance at 1755.
My past Gold analysis:
USDJPY Long To 139Earlier this week, USDJPY broke out of a downtrend and started to gain bullish momentum. Today, price broke above the 135.5 resistance level and has continued to push up. I expect price to make a retracement to the 135.5 level and then push to the 139 level before any reversal occurs. Remember to use proper risk management.
ALL Lows Broken, End of PullbackThat's it, Structrue has broken down, you can see the breakout pattern concluded as well, price failed to break through the price line and we saw new low immediately after. The best possible short scenario would be an entry at the retest back to the lowest point of the range.
Gold- Down continuation to supportIn my previous Gold analysis, I said that the price could drop following the break under rising wedge support. Indeed, XauUsd has dropped breaking also under 1785 horizontal support and at the time of writing is trading at 1762.
My bearish outlook remains unchanged and rallies towards 1785 now resistance should be sold.
My target remains the 1740 zone.
XAUUSD - Gold Next Possible MoveXAU / USD ( Gold / U.S Dollar ) Technical Analysis Chart Update
Time Frame - H2
According to the Pattern in #LTF - Long Time Frame H-2 it is following #Rising Wedge
In Short Time Frame #STF in M-45 it is following #Bearish Channel and completed its retest
But according to Level it can Follow Buy Trend from here if it breaks this level then we will enter in #Sell and if it #Rejects then we will enter in #Buy
#RSI is in favour of Short Sell Long Term Buy