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Suppyanddemand

JICPT| Crude oil penetrated key zone with room downside!Hello everyone. The recent weak China weighed on crude oil and commodity currencies, e.g. AUD, NZD. On the daily, the key zone failed to serve as a firm holder after two tests. The below 57.33- 59.50 is the refine of the weekly demand zone. On the weekly, we can see price retreated from the bearish structure around 77. With the slowed China's economy in the 2nd half of the year, crude oil lacked fundamental support. I think the oil related stocks would also be under pressure as well. So bullish buyers should be cautious.
OANDA:WTICOUSDShort
by JICPT
US30 SHORTPrice has entered new highs but so far has been respecting resistance. Im sure price will try to test resistance 1 more time at the 618 fib mark which is the green highlighted square below my resistance level (if not 618 then at least my 382). I feel like price will be here for the next week or so or maybe even consolidate in this area until we see a retest then back to an uptrend. I really find it hard to believe to enter for a buy considering were are in new highs. My 20 MA is also above price which is a sign of a downtrend. But man I hope my analysis is solid and entered my green area for a solid sell! Let me know what you guys think! Entry : 35500 Exit : 35150(-27 extension)
OANDA:US30USDShort
by KairosTrades
XAUUSD | Market outlook US Fed matched wide market forecasts of keeping the monetary policy intact but the quarterly economic projections were the key. The policymakers not only revised up the near-term GDP and inflation forecasts but also pumped the rate-hike expectations, mostly known as dot-plot. As per the latest update, US GDP may grow 7.0% in 2021 versus 6.5% previous whereas the PCE figure, the Fed’s preferred inflation gauge, is now seen at 3.4% for 2021 and 2.1% for the next year. US dollar index (DXY) jumped the most in over a year. US 10-year Treasury yields rallied the most since early March to 1.58% Best to sell on rallies around 1846-56
FOREXCOM:XAUUSDShort
by DynamicCapital-FX
AUDCAD Opportunity 1:6RRPrice has been in a big range since 3rd June which means there will be a lot of retail activity trading these movements. We've seen 3 strong rejections off the marked resistance so we'd like to expect this is becoming weak. Price is currently sat at a 4hr Demand Zone which is also a 'Key Institutional Level' (meaning the market makers will have orders placed waiting around this level) . A fake out has already happened so i would be on the look out for a bullish movement followed by a retracement back into the zone before we see a big bullish move, breaking the Retail Resistance and onto the strong marked 4hr Supply Zone. This is a 1:6rr set up so if all goes to plan would be a nice trade towards the back end of the week. Note - This analysis is for educational purposes and is not to be taken as a signal or financial advice. Safe & Happy Trading Guys & Girls
Long
by Danparkin