Traderlifestyle
CADJPY - 240 MINS TIME FRAMEThe Structure looks good to us, waiting for this instrument to correct and then give us these opportunities as shown on this instrument (Price Chart).
Note: Its my view only and its for educational purpose only. Only who has got knowledge about this strategy, will understand what to be done on this setup. its purely based on my technical analysis only (strategies). we don't focus on the short term moves, we look for only for Bullish or Bearish Impulsive moves on the setups after a good price action is formed as per the strategy. we never get into corrective moves. because it will test our patience and also it will be a bullish or a bearish trap. and try trade the big moves.
we do not get into bullish or bearish traps. We anticipate and get into only big bullish or bearish moves (Impulsive Moves). Just ride the Bullish or Bearish Impulsive Move. Learn & Know the Complete Market Cycle.
Buy Low and Sell High Concept. Buy at Cheaper Price and Sell at Expensive Price.
Keep it simple, keep it Unique.
please keep your comments useful & respectful.
Thanks for your support....
Tradelikemee Academy
Wait For The Trigger in USDJPY!Hi
It seems that there is a possibility of a break in the half-hour time frames.
I placed a bet inside the chart if the half-hour candle closes below the blue dashed line, there is a possibility of achieving goals 1 to 3.
To avoid losses, be sure to pay attention to the trigger of entering the trade.
If you like my analysis, please support me with like, comment and follow, my friend!❤️
Unveiling the Impact of #FOMC Decisions on #WTI, #Gold, #USD Today was #FOMC! I'm Sure most of us had same experience on BLACKBULL:WTI and $OANDA:XAUUSD. I Just wanted to write about What is #FOMC and It's impact on #WTI, #Gold and #USD, Maybe somebody has lots of questions about that, so I try to do my best regarding captioned subject.
The Federal Open Market Committee (#FOMC) plays a crucial role in shaping monetary policy in the United States. The decisions made by this committee have significant implications for various financial markets, including commodities like West Texas Intermediate (#WTI) crude oil, #gold, and the U.S. dollar (#USD). Understanding the impact of FOMC decisions on these assets is essential for traders, investors, and market participants.
The FOMC's Role and Decision-Making Process:
The FOMC is composed of members from the Federal Reserve System who are responsible for setting monetary policy. These members regularly convene to assess economic conditions, review data, and deliberate on the best course of action. One of the most critical outcomes of these meetings is the announcement of the federal funds rate, which influences borrowing costs and has a broad impact on the financial landscape.
BLACKBULL:WTI :
FOMC decisions have a notable impact on WTI crude oil prices. Changes in interest rates directly affect borrowing costs for businesses, which, in turn, influence their operations and investment decisions. When interest rates decrease, economic growth is often stimulated, leading to increased demand for oil and potentially driving up prices. Conversely, an increase in interest rates may have the opposite effect, dampening economic activity and reducing oil demand.
Additionally, FOMC decisions indirectly impact WTI crude oil prices through their effects on the U.S. dollar. Since oil is globally priced in dollars, fluctuations in the dollar's value can influence the purchasing power of oil-importing countries. A weaker dollar can make oil relatively cheaper, increasing demand and potentially bolstering #WTI prices.
OANDA:XAUUSD :
The relationship between FOMC decisions and gold prices is complex and multi-faceted. Gold is often considered a safe-haven asset and a store of value during times of economic uncertainty. When the FOMC adopts a dovish or accommodative monetary policy stance, such as lowering interest rates or implementing quantitative easing measures, it diminishes the attractiveness of holding U.S. dollars. Consequently, investors may seek refuge in #gold, leading to an increase in gold prices.
Conversely, a hawkish stance by the FOMC, signaled by raising interest rates or indicating tighter monetary policy, can strengthen the U.S. dollar and exert downward pressure on #gold prices. As interest rates rise, the opportunity cost of holding gold, which does not yield interest or dividends, increases. This can make alternative investments more appealing, potentially reducing demand for gold.
PEPPERSTONE:USDX :
FOMC decisions have a direct and significant impact on the value of the #USD. Changes in interest rates influence the relative attractiveness of U.S. dollar-denominated assets, which in turn affects currency exchange rates. A rise in interest rates can make the #USD more appealing to investors seeking higher yields, potentially strengthening the currency. Conversely, a reduction in interest rates may lead to a decline in the value of the U.S. dollar.
Moreover, FOMC decisions and accompanying statements provide insights into the central bank's economic outlook. Favorable economic projections and indications of a tightening monetary policy can bolster confidence in the #USD. Conversely, cautious or pessimistic remarks may weaken the currency.
Final Words:
FOMC decisions have a substantial impact on #WTI crude oil, #gold, and the value of the #USD. Changes in interest rates directly influence borrowing costs, economic growth, and investment decisions, thereby impacting #WTI crude oil prices. Additionally, the effects of FOMC decisions on the U.S. dollar indirectly influence #WTI crude oil
This article serves as a comprehensive guide, offering valuable insights that will enhance your understanding of the FOMC and its impact on financial markets AND May your journey through the intricacies of the FOMC empower you with a solid strategy and guide you towards successful trades, or encourage you to exercise caution and refrain from trading during these significant events. Wishing you the best of luck in your endeavors!
XAUUSD consolidation hey guys, from since last two weeks we have consolidation and mostly time strong range between $1938-1968 . I expect another drop to $1938 and then I will take a small long position to $1968 and also probably to $1978. Attention, this week are very important macro economic statements - on Tuesday CPI , mainly on Wednesday - PPI, Crude Oil Inventories and of course FED interest Rate Decision , then FOMC statement and press conference ) - I expect strong volatility on Wednesday. Take care
GOLD 25/05: The main trend today continues to decrease?TVC:GOLD Gold price (XAU/USD) changed its position below 1965$ during the Asian session. The precious metal is looking to fall more as the US Dollar Index (DXY) is looking to refresh its 10-week high to 104.00 coming.
I expect it to return to the old high of this day last month at 1972$ and give us a nice selling point. And when it is in a downtrend, it will return to the zone of 1935$
BITCOIN 2023Today my friend called me, not long ago, after a couple of minutes of conversation, he asked me: "what do I think about the price of observation and should I buy it now"
My answer:
1. Price dropped 78% from high
2. the average statistical cycle of the fall is passed
3. We are at or near the bottom whether you buy 16k or 12k, in the long run, won't matter
4. I reminded him that there are bulls and bears in the market, and there are also pigs who are very greedy and want to buy at the very bottom and sell at the very highs, and as a result, they are simply killed, so you don’t need to be a pig
5.Definitely, until the issue with the digital currency group is over, there will be no bull market
This is very simple advice I can give to everyone who reads this post.
P.S The chart is a Wyckoff logic chart superimposed on the Bitcoin log chart
I'm back in 2023, write questions in the comments that I can answer in the following posts
GOLD 23/05: The Bears continue to attack!TVC:GOLD Gold prices (XAU/USD) remain at an intraday low near 1,960$ as it falls for the second day in a row while reversing Friday's corrective rally early Tuesday in Europe. In doing so, the precious metal bears the weight of a firmer US Dollar ahead of the first readings of the Purchasing Managers' Index (PMI) for May from leading economies including the United States.
A clear break of the ascending support line has formed in three days, now an immediate resistance near 1960$, suggesting that gold prices will continue to fall. Adding strength to the bearish trend are bearish MACD signals. However, the monthly low around 1,945$ could spur the bears as the RSI appears oversold.
In the event that Gold prices still fall through 1955$, the late-March low near 1940$ could attract XAU/USD sellers.
Meanwhile, a break of immediate support turning resistance near 1,960$ is not an open opportunity for Gold buyers as the 100-HMA hurdle near 1,975$ and the resistance line sloping down from May 11th. 5, near 1,970$ at the latest, could challenge the XAU/USD uptrend.
Accordingly, a three-week descending resistance line near 1,990$ should act as the Gold Bears' final layer of defense.
GOLD 23/05: Will buyers counterattack?TVC:GOLD Gold price (XAU/USD) failed to defend the immediate support at 1975$ during the Asian session. The precious metal fell sharply as Federal Reserve (Fed) policymakers were confident the central bank would raise interest rates more in its fight against persistent US inflation.
Gold prices are expected to plummet after breaking below the demand zone placed in the 1,955$-1,975$ range on a four-hour scale. The 20-period exponential moving average (EMA) at 1,970$ is acting as an obstacle for Gold bulls.
The Relative Strength Index (RSI) (14) has slipped back into the 20.00-40.00 bearish range, which signals that bearish momentum has been activated again.
BUY TVC:GOLD zone 1950-1953
Stoploss: 1945
Take Profit 1: 1958
Take Profit 2: 1963
Take Profit 3: 1970
Note : TP, SL full to be safe and win the market !
#CANFIN HOMES... looking good 16.05.23#CANFIN HOMES... ✅▶️
Intraday as well as swing trade
All levels given in charts ...
IF good potential seen then we work in options also
if activate then possible a huge movement Keep eye on this ...
We take trade only when it activates...
Possible to give good target
TRADING FACTS
GOLD 22/05: Gold has climbed above the 1980 zone!TVC:GOLD Gold prices have rebounded above potential resistance, which has turned support, drawn from mid-month lows at $1,970 on a four-hour scale. The precious metal shows a V-shaped recovery from around 1955 amid the emergence of responsive buyers.
Confident sustainability above the 20-period Exponential Moving Average (EMA) at $1,980 will turn the short-term trend positive.
The Relative Strength Index (RSI) (14) briefly moved back into the 40.00-60.00 range, which indicates a bullish reversal.
US Dollar Index (DXY) refreshed intraday low at 102.96 as Fed is expected to keep rate policy unchanged due to tightening credit conditions by regional banks The US is putting pressure on inflation.
SELL GOLD zone 1993-1995
Stoploss: 2000
Take Profit 1: 1988
Take Profit 2: 1983
Take Profit 3: 1975
GOLD: 19/05. Sellers still prevail?TVC:GOLD Gold prices extended the downside break of the two-month ascending trendline and the 50 DMA as it created support at 1955 including the late-January high.
Adding strength to the seller's dominance are the bearish signals from the Moving Average Convergence and Divergence (MACD) indicator. However, the Relative Strength Index (RSI) line, set at 14, is still well below the 50 level and shows that Gold prices are bottoming out.
Therefore, the 100 DMA and the upward sloping support line extending from November 2022, near $1,930 and $1,925 respectively, could limit the further downtrend of XAU/USD.
In the event that the Gold price still falls through the $1,925 level, the possibility of seeing a drop to the $1,910 round-up cannot be ruled out.
Conversely, the previous 50-DMA support line, near 1986$ and 1990$ in that order, will stand against the round figure of $2,000 to limit the short-term rally in Gold prices.
If XAU/USD remains firmer beyond the psychological magnet $2,010, highs marked in late March and early April, around $2,015 could act as an additional test before ending. pushes quotes towards 5-week horizontal resistance near $2,040.
BUY GOLD 1950-1953
Stoploss: 1945
Take Profit 1: 1958
Take Profit 2: 1965
Take Profit 3: 1970
SELL GOLD 1968-1972
Stoploss: 1978
Take Profit 1: 1963
Take Profit 2: 1958
Take Profit 3: 1950
PREDICTION XAUUSD 18-19 MEI 2023Hello I'm back again.
I will share the XAUUSD market direction movement for today.
Pay attention to the boundary area that I have specified where there are points that must be considered
Confirmation area as a determinant of whether to continue direction or reversal
Base Lev as a point if the breakout will continue the next area
This analysis is only a view, for that it remains to be re-analyzed according to your views. Hope it is useful
Thank You
Come and Join
GOLD.18/05: Prosperity for buyersTVC:GOLD Gold (XAU/USD) prices wound up at a three-week low, raising bids to print a slight gain around $80 in the early hours of today's Asian session. In doing so, the XAU/USD bears will get some steam after falling for the past two consecutive days due to the lack of key data/events. Even so, expectations about the US being able to ease its debt limit and join the US Federal Reserve's (Fed) negotiations are putting pressure on Gold prices.
Accordingly, the yellow precious metal could drop to the 50% Fibonacci retracement level of the March-May rally, around $1,950, before testing the 100-DMA support at $1,930 and the Fibonacci ratio gold, 61.8% mark, about 1,915$
In case Gold price still falls past $1915, the possibility of witnessing a drop in XAU/USD cannot be ruled out.
Additionally, the Gold price rally needs to sustain beyond the bottom of the stated triangle $2000, quickly followed by a circular resistance at $2,010.
Even so, the 23.6% Fibonacci retracement level and the top of the aforementioned triangle near $2,020 and $2,055 respectively will be in the spotlight.
BUY GOLD 1984 - 1983
StopLoss: 1980
Take Profit 1: 1989
Take Profit 2: 1994
Take Profit 3: 2000
GOLD:17/05 After last night's news, the downward trend continuesTVC:GOLD Gold prices (XAU/USD) showed some buying interest after falling below 1990 during the Tokyo session. The precious metal has seen some recovery as the US Dollar Index (DXY) is struggling to extend its rally above 102.75. Gold price has yet to develop a strong uptrend as it needs to pass more filters to gain traction.
Gold price analyzed the breakdown of the Rising Channel chart pattern formed on the four-hour scale, however, the breakdown needs to pass some more filters. An intermediate resistance is drawn from the May 5 low of 1999.55. The 10-period exponential moving average (EMA) sloping down at $2,000 is hindering the Gold bulls.
The Relative Strength Index (RSI) (14) has slipped into a bearish 20.00-40.00 range, which suggests more bearishness to come.
SELL GOLD 2002- 2005
Stoploss: 2010
Take profit 1: 2000
Take profit 2: 1995
Take profit 3: 1985
EUR/USD: 16/05. Downtrend, ready sell?OANDA:EURUSD EUR/USD probes the boundaries of the 1.0910 barrier amid further downside correction in greenback and general improvement in sentiment around risk-related universe.
Indeed, the pair picked up pace and further extended the rally from recent lows near 1.0855 despite sharp declines in US and German yields so far, while expectations of a temporary respite. stop the Fed normalization in June and raise interest rates further in June ECB for the next few months trending up.
EUR/USD extends weekly rally and adds to Monday's promising price action, always with an immediate target of 1.0910.
So far, the pair is up 0.17% at 1.0890 and a break through 1.1090 (weekly high April 26, 2023) will target 1.1110 (rounded high) on way to 1.1185 (weekly high March 21, 2022). Conversely, the next level of contention emerges at 1.0845 (monthly low May 15), followed by 1.0830 (monthly low April 10) and finally 1.0805 (100-day SMA).
SELL EUR/USD zone 1.08950 - 1.09200
Stoploss 1.09500
Take Profit 1: 1.08500
Take Profit 2: 1.08000
Predict SELLING eur/jpy before tonight's CPIEUR/JPY remains up slightly as it consolidates the previous day's declines around 148.380 early on Wednesday. In doing so, the cross shows a bullish pennant chart pattern in the hourly shadow chart. , giving the recent confirmation score.
It should be noted, however, that the MACD line and the Relative Strength Index (RSI) (14) are slow to challenge the quote's upside momentum, alongside the immediate barrier at 148.40
Even if EUR/JPY buyers confirm a bullish pennant breakout, the 50 SMA around 147,500 could act as an additional hurdle before directing the pair towards its theoretical target near 148,000.
Conversely, a breakdown of the aforementioned pennant support line, near 147.500, could challenge the bullish histogram and possibly direct the pair towards the support of the line. SMA 200 near 146.400.
GBP/USD: 15/05: Bears counterattack, nice entry point for sell.OANDA:GBPUSD GBP/USD is building strength to recover from near the 1.2455 support as the US Dollar Index (DXY) has posted downside momentum after seeing a high of 102.70 early in the European session . It is expected that Cable will strengthen its force after breaking through the immediate resistance of 1.2485.
GBP/USD has slipped below the Rising Channel chart pattern formed on the four-hour scale. Cable is on a make or break, so absolute volatility is widely anticipated. The 20-period exponential moving average (EMA) at 1.2520 has acted as a major hurdle for the British Pound bulls.
The Relative Strength Index (RSI) (14) is hovering in a bearish 20.00-40.00 range, suggesting more weakness to come.
AUD/USD: 15/05: Short term signal todayOANDA:AUDUSD AUD/USD refreshes the intraday high near 0.6666 as it bounces off key short-term support to record its first daily gain in three days early Monday. In doing so, the Aussie pair also justifies the recovery of the RSI line (14) from the oversold zone.
It is worth noting that the bullish MACD signals also support a reversal from the two-week-old horizontal support zone around 0.6645.
Even if the AUD/USD pair surges past 0.6685, the 200-HMA and the horizontal zone comprising multiple levels marked since May 5, close to 0.6756, could challenge buyers. before giving them control.
Alternatively, a downside break of the aforementioned horizontal support near 0.6645 will not hesitate to challenge the late-April swing low around 0.6570.
The RSI has now broken out of the oversold zone. At the same time, the MACD line has started to cross the Sinal line. These are the factors that are currently supporting the AUD/USD rally.
#AMBUJACEM... looking good 15.05.23#AMBUJACEM... ✅▶️
Intraday as well as swing trade
All levels given in charts ...
IF good potential seen then we work in options also
if activate then possible a huge movement Keep eye on this ...
We take trade only when it activates...
Possible to give good target
TRADING FACTS
GOLD 12/5: Keep watching SELL to the price area around 2000Gold prices remained pressured on Thursday for the second straight day despite a weaker US economy. The reason may be related to the market rushing into the US Dollar amid concerns about the expiration of the US debt ceiling and the collapse of the banking system.
The news becomes even more important and negatively impacts risk appetite as the US Treasury has signaled the possibility that the Federal Government could default on its debt as soon as June 1 unless the debt ceiling is raised.
Gold prices confirmed the pennant break on Thursday, indicating a bearish bias in the metal. The metal's downtrend break also justifies the upbeat signals from the Moving Averages Convergence and Divergence (MACD) indicator, as well as the steady Relative Strength Index (RSI) line, is set at 14. TVC:GOLD
SELL GOLD zone 2020 - 2023
Stoploss: 2027
Take profit 1: 2015
Take profit 2: 2010
Take profit 3: 2005
BUY GOLD zone 2005 - 2000
Stoploss: 1995
Take profit 1: 2015
Take profit 2: 2030
Take profit 3: 2040
GOLD 11/05: Scalp ahead of tonight's PPI newsTVC:GOLD Gold prices increased their bid to refresh the intraday high near 2,035$ early Thursday, reversing the previous day's retracement from a one-month-old horizontal resistance. Precious metals benefit from broad US Dollar weakness.
The XAU/USD pair maintains a neutral to bullish view in the daily chart. The pair is growing above all of its moving averages, although the 20 Simple Moving Average (SMA) has lost its positive momentum, currently hovering around 2,010$.
The 4-hour chart shows that XAU/USD holds above the bearish 20 SMA, while the longer moving averages are not below it. Technical indicators head south but remain neutral, not enough to confirm another drop. Gold could extend its decline, but buyers are likely to reappear around 2,026$ as the US Dollar's current strength may be temporary.
BUY GOLD 2026 - 2030
Stoploss: 2022
Take profit 1: 2033
Take profit 2: 2037
Take profit 3: 2043
SELL GOLD 2045 ́2048
Stoploss: 2052
Take profit 1: 2040
Take profit 2: 2035
Take profit 3: 2025