EUR/USD steady despite lower than expected ADP reportOn Wednesday, EUR/USD saw a slight retracement from its initial move to 1.0970. Despite this, the Final Services PMIs in Germany and the Eurozone remained strong in March. The US ADP report came in lower than expected at 145K jobs, down from February's 261K jobs. As a result, EUR/USD experienced some gains and losses around the 1.0950 level.
Initial resistance for EUR/USD can be found in the 1.0970/80 range, with the currency pair exhibiting a cautious note and showing fluctuations around the 1.0950 area. While hawkish comments from ECB policymakers and healthy prints from Services PMIs in the Eurozone supported the euro, the markets' prudence ahead of the NFP figures on Friday limited the bulls.
For the EUR, market participants should keep an eye out for potential tests of the 1.1000 level, as the currency pair continues its weekly rally. The euro's price action will likely be influenced by the direction of the US dollar and the divergence between the Fed and ECB's plans regarding interest rate moves.
Furthermore, while hawkish ECB-speak supports further rate hikes, some loss of momentum in economic fundamentals in the region contradicts this view.
Signalsservice
GOLD Pulling Back for Retest before Strong Bullish ImpulseAfter hitting our previous take profit, GOLD is attempting a pullback at the previous resistance level before setting up for another long position in the direction of the main trend. Our idea is to retest the value of 2019.25 before experiencing a strong bullish impulse.
EUR/USD sees bullish impulse and profit, temporary setbackYesterday, as we explained in our idea, the EUR/USD experienced a significant bullish impulse following the release of certain news. Today, the price is currently in the profit zone, but a pullback is causing the EUR to take a pause before continuing in the direction of the main trend. This is expected to be a temporary setback, and the EUR is likely to continue its upward trend in the near future.
GOLD Forms Bullish Flag Pattern, Continuation LikelyYesterday, gold experienced a significant bullish surge as we previously anticipated, hitting our take profit levels. Today, the price is consolidating and forming a Bullish Flag pattern, which suggests a high probability of a continuation of the upward trend. However, if the price reverses in this area, we will consider a short setup. Overall, our bias is still leaning towards a long continuation.
GBP-AUD
The price of this currency pair has currently reached the support level on the H1 chart and at the same time is close to the short-term rising trend line. Currently, the price is testing both the trend line and the support. We expect a break below this support level and a subsequent decline down to the next support level where our Take Profit is placed.
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DASH DoorDash Options Ahead of EarningsAfter the record users and orders in the pandemic:
Now DASH is threatened by UBER eats and other food delivery apps while orders are declining thanks to the covid restrictions lift.
Looking at the DASH DoorDash options chain ahead of earnings , I would buy the $55 strike price Puts with
2023-3-17 expiration date for about
$4.40 premium.
If the options turn out to be profitable Before the earnings release, I would sell at least 50%.
If you want to buy it for the long run, after these earnings retracement, it might not be a bad idea.
Food delivery is here to stay!
Looking forward to read your opinion about it.
USD-CHFThe currency pair of the franc against the dollar is now moving around an important resistance price level on the H2 chart. Based on the previous move, where the price bounced off the support and started form a short-term uptrend, we think the price could continue to rise and break through the resistance. The target price would be at the next resistance level. In our opinion, an ideal opportunity for a "long" position.
EURJPY DOWN- ENTRYEURJPY is in a strong down trend, has reached key resistance.
It was a fake out, but the price continued bearish, confirming a strong bearish
The price presents a support at the price of 140.18, which may indicate that it will send the price up to the resistance from the down trend, and after falling to the key support.
Like and comment if you want more trading setup.
Thank you!
AUDNZD DOWN AGAINAUDNZD After being in the uptrend, it broke the resistance from the up trend and is heading towards the support at the price of 1.065
The price is in a position with high volume node, also at the support at 1.065 is volume, and I think it will break the support as well.
On weekly chart the price is bearish, which can count the same for another week.
NOTV Inotiv Options Ahead of EarningsLooking at the NOTV Inotiv options chain ahead of earnings , I would buy the $5 strike price at the money Puts with
2023-1-20 expiration date for about
$0.52 premium.
If the options turn out to be profitable Before the earnings release, i would sell at least 50%.
Looking forward to read your opinion about it.
GOLD HITS STRONG RESISTANCE The price tested the resistance at the price1832 and then broke it, which has now become support, and the price has responded positively to the support by rebound. I have expectations that in the short term it will go down, hitting the support.
Gold has no intention of stopping, it will go higher and higher.
I think the gold is going to have a fake out and then it's going to go down, the resistance shows from the past that it's strong.
Tell me what it is and your opinion, write in the comments.
Gold short to test $1830 and lowerGold tested $1850 supply zone during the first trading day of 2023 and was unable to break it. Gold bulls seems getting exhausted and we may go for a pullback. The support is found at $1830 which was tested earlier today. A slide below it could trigger a reversal and XAUUSD may test $1820.US dollar rebound will also have impact on the commodity. We consider selling gold and targeting $1825 and lower.
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All contents published here are my ideas / opinions and for reference purposes. Use these contents at your own risk.
I will try to use a single article to aggregate my analysis and monitor price movements.
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First of all, I noticed that there are 07 price areas that I am paying attention to and there is a high probability that the market will react in these areas.
Please note: These areas are not fixed and will constantly change over time.
📍 Range: 6300 - 7650
📍 Range: 9000 - 10300
📍 Range: 16150 - 17400 ( ⚓ The trading price is in this range )
📍 Range: 18800 - 20700
📍 Range: 22700 - 24000
📍 Range: 29200 - 30600
📍 Range: 38350 - 39650
As of the time of this analysis, BTC is trading between 16150 - 17400 about 4.5% below its most recent low around 17590 on June 18 and is still holding up.
🔼 Positive opinion:
BTC will continue to fall to 15500 before rising to 18800 - 20700 or better straight to 22700 - 24000.
🔽 Negative opinion:
BTC will continue to rise to 18800 - 20700 and then continue to drop to 9000 - 10300 ( equivalent to 50% of value ) or drop directly to 9000 - 10300 ( equivalent to 40% of value ).
📊 I will continue to update in the update section below. ⬇️
1INCH Price PredictionGrayscale expressed concerns over the potential impact on the Ethereum Merge, especially on tokens that run natively on Ethereum:
The Merge may lead to a fork that might have unexpected and unfavorable outcomes and a scenario where stablecoins and tokens locked in smart contracts might not be redeemable.
Token and stablecoin holders might panic and start liquidating their holdings.
In this context, price target for 1INCH is $0.52.
Looking forward to read your opinion about it.
EURGBP: BEARISH POSITIONS ABOVE 0.85900FX:EURGBP
Hello Traders!!!,
This is my analysis brought to you after deeply analyzing thE EUR/GBP Forex Pair from a technical, trend and fundamental perspective:
*Pivot Point : 0.85900
*Stop Loss : 0.85555
Take profit : 0.87238
Entry Price : 0.86015
Risk/Reward Ratio : 1 : 2.29
⭐If this post was useful to you, do not forget to like ❤️ and comment ✍️.
✅Fallow me to be up-to-date with all my posts and updates 🚀.
Yasser Tavarez,
Wish you the best!
WDAY Workday Options Ahead Of EarningsIf you haven`t played last Q`s earnings:
Then you should know that looking at the WDAY Workday options chain ahead of earnings , i would buy the $145 strike price Puts with
2023-1-20 expiration date for about
$8.60 premium.
If the options turn out to be profitable Before the earnings release, i would sell at least 50%.
Looking forward to read your opinion about it.
AVGO Broadcom Options Ahead Of EarningsIf you haven`t sold AVGO`s exposure to China:
Then looking at the AVGO Broadcom options chain ahead of earnings , i would buy the $515 strike price Calls with
2022-12-16 expiration date for about
$7.60 premium.
If the options turn out to be profitable Before the earnings release, i would sell at least 50%.
Looking forward to read your opinion about it.
TRADE OF THE WEEK | Classic Key Level Trade 💰
Hey traders,
We have spotted earlier an important daily structure resistance on EURUSD.
I was looking for a confirmation to short that structure.
The confirmation was a descending triangle formation on 1h time frame.
The order was opened on a retest.
Great winner and perfect short.
Did you catch it?
❤️If you have any questions, please, ask me in the comment section.
Please, support my work with like, thank you!❤️