Tecnicalanalysis
GOLD On The Rise! BUY!
My dear subscribers ,
I analysed this chart on GOLD, and concluded the following:
The asset is approaching an important pivot point 1929.40
Bias - Bullish
Technical Indicators: Pivot Points Low anticipates a potential price reversal.
Super trend shows a clear buy, giving a perfect indicators' convergence.
Goal - 1941.22
About Used Indicators:
A pivot point is a technical analysis indicator, or calculations, used to determine the overall trend of the market over different time frames.
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WISH YOU ALL LUCK
USD/JPY Under Pressure! SELL!
My dear subscribers ,
USD/JPY looks like it will make a good move, and here are the details:
The price is coiling around a solid key level - 142.260
Bias - Bearish
Technical Indicators: Supper Trend generates a clear short signal while Pivot Point HL is currently determining the overall Bearish trend of the market.
Goal - 140.011
Safe Stop Loss - 142.847
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
DXY The Target Is UP! BUY!
My dear followers ,
This is my opinion on the DXY next move:
The asset is approaching an important pivot point 102.1259
Bias - Bullish
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bullish continuation.
Target - 102.5268
Recommended Stop Loss - 101.9293
About Used Indicators:
The pivot point itself is simply the average of the high, low and closing prices from the previous trading day.
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WISH YOU ALL LUCK
EUR/GBP Set To Grow! BUY!
My dear friends ,
My technical analysis for EUR/GBP is below:
The price is coiling around a solid key level - 0.85344
Bias - Bullish
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bullish continuation.
Goal - 0.85602
About Used Indicators:
On the subsequent day, trading above the pivot point is thought to indicate ongoing bullish sentiment, while trading below the pivot point indicates bearish sentiment.
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WISH YOU ALL LUCK
AUDUSD - Are The Bulls Getting Ready To Push Price Higher?Analysis:
When we look at price action we've recently seen a strong rejection off of an area and price is making a move back down however we see this as a buying opportunity. If we look at price action before this rejection we can see that price did indeed form a higher high and a higher low showing us that we're in an upwards trend. This higher low hasn't yet been broken so we're still in that upwards trend. At the start of June there was some real strong momentum on the AUDUSD for the bulls and it looks as if they are currently taking a break before we see a continuation higher. This position will also hedge our other USD long positions so if we are incorrect about the USD strength we expect then we will still be able to profit. As a professional trader you need to remember that your job isn't to make a million percent in a year. It's to make a consistent profit whilst managing your risk. If you can't manage risk then you won't make it as a trader and that's the harsh truth. Hedging allows you to diversify your risk which is why we like to do it here at JPI. Were price is currently is an interesting area to us because if we look left on the chart we can see price has held this zone multiple times as support previously and we expect that this will happen again as very often we see this. For more confluence we saw slowing down momentum for the bears at the start of the week as the candles were very small and were indicating a possible reversal. This was also where the 50% fib retracement level was so there was even more confluence that price was going to reverse there, however we were more interested in level slightly below. Early this morning we had some worse then expected news for the AUD so we saw price push down and tag the 61.8% fib retracement level which is often classed as the strongest fib level and we expect that this is were buyers will be sat at wanting to push price higher. With the slowing bearish momentum that we saw this week around the 50% fib retracement level and with the 61.8% fib retracement level being tagged this "golden zone" which is just the area between the 50% fib retracement level and the 61.8% fib retracement level looks like a great place to enter long from especially from our area which is also in this "golden zone". For more confluence we also have an upwards trendline. This trendline is better seen on the weekly timeframe. When this level has been touched before we've seen bulls step in and push the market higher so we'd expect this to happen again. This trendline is below our entry but above our stop loss so if we we're to go into drawdown then there would be a strong level where we'd expect buyers to step in so this gives us more confidence in our setup. Why don't we enter at this trendline then? Well where price is at currently looks like a stronger area for possible reversals and we don't want to miss this trade as it's a good setup. The upwards trendline is just another confluence to add to our bullish thesis. Fundamentally as of the most recent report on institutional positioning the USD is the strongest major currency whereas the AUD is the 6th strongest major currency so this doesn't go in our favour. However if we dig a little deeper you can see why we currently prefer the AUD over the USD. As of the most recent report on institutional positioning we saw a decrease in both short and long positions on the USD so this is pretty neutral but on the AUD in regards to the most recent report for institutional positioning we actually saw an increase in long positions and a decrease in short positions which is very bullish. This could be early signs that we could see some bullishness for the AUD in coming weeks. Although the AUD news this morning wasn't positive we still have loads of confluence factors pointing to bullishness on the AUD which is why we have an overall bullish view on AUDUSD.
Please feel free to leave any comments you have and like this idea if you agree with us. Any feedback or comments will be read and responded to. We any comments at all so thank you!
Stay Safe - The JPI Team
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 too. 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.
EUR/GBP LONG FROM SUPPORT
Hello,Friends!
EUR/GBP pair is in the downtrend because previous week’s candle is red, while the price is clearly falling on the 9H timeframe. And after the retest of the support line below I believe we will see a move up towards the target above at 0.863 because the pair oversold due to its proximity to the lower BB band and a bullish correction is likely.
✅LIKE AND COMMENT MY IDEAS✅
EURUSD - Will The USD Become The Strongest Currency?Analysis:
When we take a look at the technicals for EURUSD, price looks as if it's in an upwards trend as we're forming a series of higher highs and higher lows, indicating to us that we want to long however this isn't what we see and we actually see early signs of a reversal happening. To begin with we have this downwards trendline. Although it has only been respected twice we expect that it will actually hold again for a third time and we will see price reject off of this area. Another confluence on why we think that this area will hold as resistance is because its been tested multiple times. If we look left we can see that price has come to this area before and we then saw a rejection. This has happened twice now and due to other confluence factors we see this happening again. Our final technical confluence factor that we have is this ascending triangle that we broke out of in may indicating to us that there could be some bearishness on the horizon. We're now retesting this ascending triangle and we expect that it will hold as resistance and that price will reverse back to the downside. A big reason for this setup though is the fundamentals so lets take a look at these too. Fundamentally the EUR is just about the 1st strongest major currency compared to the USD which is the 2nd strongest major currency but these two currencies are very close in strength. Whilst this looks like it goes against our idea if we look a little further we get more important data. As of the most recent filling we saw a decrease in long positions by institutions on the USD but we saw an even bigger decrease in short positions by institutions on the USD indicating that there could be some more bullishness coming to the USD whereas for the EUR we saw a decrease in short positions by institutions but an even bigger decrease in long positions by institutions which is bearish for the EUR. This is why we are actually fundamentally bullish on the USD over the EUR. so along with the technicals that we see we're bearish on the EURUSD. Just a note however, this isn't our favourite setup but it fits our plan. We know our strategy is profitable which is why we're taking this setup. We won't know the result until the end but what we know now is that this setup has an edge in the markets so its worth taking and we're confident in it. With that being said lets see if we get that move that we expect.
Please feel free to leave any comments you have and like this idea if you agree with us. Any feedback or comments will be read. We appreciate it all.
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.
BluetonaFX - DXY Triangle OpportunityHi Traders!
We are nearing a bullish breakout on the US Dollar Index (DXY) 1D chart. This, however, will be heavily dependent on today's and tomorrow's very important fundamental data releases, which will indicate where the US economy is heading.
Looking at the technical price action on the chart, we have marked a few key things to focus on. Firstly, there is a symmetrical triangle formation that has developed on the chart, which is a pattern that is neither bullish nor bearish; however, we have a bullish bias on the basis that there was a recent strong bullish momentum swing to test the upside trendline for a possible break above. If there is a break above, we have the psychological 104.000 as a target; the market has not been above the 104.000 level in 4 weeks.
Further to the upside, there is the longer-term resistance level at 104.699. This is May 2023's high, so if there is strong bullish momentum, especially if there is positive data for the US in the next couple of days, this level will be a target.
On the downside, if we do not get a break and close above the trendline, the market will go back into the range, and we have possible long-term support at 101.921.
Please do not forget to like, comment, and follow.
Thank you for your support.
BluetonaFX
USOIL Sellers In Panic! BUY!
My dear friends ,
USOIL looks like it will make a good move, and here are the details:
The asset is approaching an important pivot point 71.78
Bias - Bullish
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bullish continuation.
Goal - 73.60
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
NZD/USD What Next? SELL!
My dear followers ,
Please, find my technical outlook for NZD/USD below:
The instrument tests an important psychological level 0.61783
Bias - Bearish
Technical Indicators: Supper Trend gives a precise Bearish signal, while Pivot Point HL predicts price changes and potential reversals in the market.
Goal - 0.61349
My Stop Loss - 0.62030
About Used Indicators:
Pivot points are a great way to identify areas of support and resistance, but they work best when combined with other kinds of technical analysis
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WISH YOU ALL LUCK
US30 The Target Is UP! BUY!
My dear friends ,
My technical analysis for US30 is below:
The price is coiling around a solid key level - 34279
Bias - Bullish
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bullish continuation.
Target - 34615
Safe Stop Loss - 34603
About Used Indicators:
A pivot point is a technical analysis indicator, or calculations, used to determine the overall trend of the market over different time frames.
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WISH YOU ALL LUCK
Gold upside move expectedXAUUSD retested $1920 demand earlier today and currently experiencing a bullish move towards $1930 which is a short time resistance. Following that, the previous weekly high near $1934 may prod the XAUUSD bulls before directing them to $1950 supply zone. The support can be found at $1918 followed by $1900. FOMC minutes and Fed Powell tonight will influence next move for gold.
BANK NIFTY ANALYSIS - 05/07/2023BUY ABOVE - 45350
SL - 45220
TARGETS - 45500,45650,45850
SELL BELOW - 45250
SL - 45350
TARGETS - 45100,45000,44900
Disclaimer - All information on this page is for educational purposes only,
we are not SEBI Registered, Please consult a SEBI registered financial advisor for your financial matters before investing And taking any decision. We are not responsible for any profit/loss you made.
HAPPY TRADING GUYS
GOLD A Fall Expected! SELL!
My dear followers ,
This is my opinion on the GOLD next move:
The price is coiling around a solid key level - 1927.08
Bias - Bearish
Technical Indicators: Pivot Points High anticipates a potential price reversal.
Super trend shows a clear sell, giving a perfect indicators' convergence.
Goal - 1914.48
About Used Indicators:
A super-trend indicator is plotted on either above or below the closing price to signal a buy or sell. The indicator changes color, based on whether or not you should be buying. If the super-trend indicator moves below the closing price, the indicator turns green, and it signals an entry point or points to buy.
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WISH YOU ALL LUCK
USD/CAD Technical Analysis! SELL!
My dear subscribers ,
USD/CAD looks like it will make a good move, and here are the details:
The asset is approaching an important pivot point 1.32130
Bias - Bearish
Technical Indicators: Supper Trend generates a clear short signal while Pivot Point HL is currently determining the overall Bearish trend of the market.
Target - 1.31553
Recommended Stop Loss - 1.32460
About Used Indicators:
On the subsequent day, trading above the pivot point is thought to indicate ongoing bullish sentiment, while trading below the pivot point indicates bearish sentiment.
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WISH YOU ALL LUCK
DXY Under Pressure! SELL!
My dear subscribers ,
Please, find my technical outlook for DXY below:
The asset is approaching an important pivot point 102.955
Bias - Bearish
Technical Indicators: Pivot Points Low anticipates a potential price reversal.
Super trend shows a clear sell, giving a perfect indicators' convergence.
Goal - 102.612
Recommended Stop Loss - 103.147
About Used Indicators:
On the subsequent day, trading above the pivot point is thought to indicate ongoing bullish sentiment, while trading below the pivot point indicates bearish sentiment.
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WISH YOU ALL LUCK
EUR/JPY Massive Short! SELL!
My dear followers ,
My technical analysis for EUR/JPY is below:
The price is coiling around a solid key level - 157.477
Bias - Bearish
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bearish continuation.
Target - 156.459
About Used Indicators:
The pivot point itself is simply the average of the high, low and closing prices from the previous trading day.
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WISH YOU ALL LUCK
GOLD Under Pressure! SELL!
My dear friends ,
I analysed this chart on GOLD, and concluded the following:
The asset is approaching an important pivot point 1919.47
Bias - Bearish
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bearish continuation.
Target - 1907.64
About Used Indicators:
Pivot points are a great way to identify areas of support and resistance, but they work best when combined with other kinds of technical analysis
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WISH YOU ALL LUCK
EUR/JPY Massive Long! BUY!
My dear subscribers ,
EUR/JPY looks like it will make a good move, and here are the details:
The price is coiling around a solid key level - 157.397
Bias - Bullish
Technical Indicators: Supper Trend generates a clear long signal while Pivot Point HL is currently determining the overall Bullish trend of the market.
Target - 158.079
Recommended Stop Loss - 156.989
About Used Indicators:
Pivot points are a great way to identify areas of support and resistance, but they work best when combined with other kinds of technical analysis
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WISH YOU ALL LUCK