EUR/USD: Entry points in favor of buyersOANDA:EURUSD We expect EUR to 'weak further' last Friday but we think it 'unlikely to break key support at 1.0850 today'. Our view on EUR weakness is correct even though it has slightly breached 1.0845 (lowest is 1.0840). While severely oversold, EUR's weakness remains volatile. However, key support at 1.0850 may be out of reach today. Resistance is at 1.0872, followed by 1.0890.
Last Friday (May 12, spot at 1.0920) we turned negative for the EUR and emphasized that it 'could likely drop lower in the coming days'. We added, 'the level to watch is 1.0855, as a break of this key support is likely to trigger a sharp and rapid drop in EUR'. While our view is not wrong, we do not fully expect EUR to breach 1.0855 so quickly as it plummets to lows of 1.0840 (-0.60%). There is no change in our EUR negative view and the next level to watch is 1.0850. Looking forward, if EUR can break and sustain below 1.0850, the next level to focus on is 1.0725. We will keep our negative view on EUR as long as it doesn't break above 1.0940 ('strong resistance' was 1.0995 last Friday).
Traders
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.
SasanSeifi 💁♂️BTCUSDT👉1D 24.600 / 22.500/21.500🤔 let's see!
HI TRADERS ✌
▪️ In the daily time frame, as you can see, the price faced selling pressure from the OB- range and is currently trading in the range of 26,400.📊
📈The scenario we can consider is that if the price penetrates below the range of 26,200 in the daily time frame and stabilizes. I expect that the price will be corrected up to the range of 24,600, then with a slight positive fluctuation, it will correct again to the LV range, and after collecting liquidity from the range of 22,500/21,500, we will see a positive fluctuation.
❗️
🔸We have to see how the price will react in the range of 24,600.Possible trend is marked on the chart.⚠️
🔘Considering the price growth from the $19,000 range, I think the price needs a correction of around 25% or 30%.‼️
❎ (DYOR)...⚠⚜
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EURUSD ; NECKLINE BREAK AND RETEST FOR THE BEARSEURUSD; On the 4h tf we have a change of trend from the initial uptrend now we have a break and retest of neckline giving us a possible bearish bias mood for the swing traders
we can trade within the indicated supply and demand zones or wait for a closed candle below or above the current support zone... in other way we can decide to wait for sweep of liquidity at the $ zone before we joined the bear traders...
USD/JPY: 12/05. Bear attack, ENTRY SELLUSD/JPY hovers around 134.780 early Friday as it struggles to defend the previous day's bounce from a one-week low.
The recent escalation of market concerns around the expiration of the US debt ceiling and the collapse of the bank, seems to allow the US Dollar to prepare for its first weekly gain in three weeks while pushing US Treasury yields fell for the third straight week. Given this, USD/JPY's hesitation seems justified amid a mild calendar at home. OANDA:USDJPY
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
EUR/JPY: 11/05. Expectations for SELL BREAKOUT BEFORE PPI NEWSEUR/JPY has printed consecutive bearish sessions breaking last year's high of 148.48, extending its losses past the 18-day Exponential Moving Average (EMA). The evening star three candlestick pattern shows that further downtrend is expected. But the Relative Strength Index (RSI) indicator remains bullish, while the 3-day Rate of Change (RoC) depicts the momentum sellers are gathering.
If EUR/JPY falls below the current week low of 147.02 and the RSI breaks through the 50 moving average, it will exacerbate the decline of the 50-day EMA at 146.00. A decisive break will reveal the right price to enter a sell point at 146,800 today.
Conversely, if EUR/JPY recovers and confirms the 20-day EMA, it can move above the 148.60 mark. Once cleared, the next stop would be last year's high of 148.50, followed by the 150.50 figure. OANDA:EURJPY
EUR/USD keeps range below 1.1000, looks to buy ahead of CPIThe EUR/USD pair is struggling to extend its recovery above the 1.0980 immediate resistance at the start of the European session. The pair has felt the downside pressure as the US Dollar is seeing some renewed buying interest ahead of the important US CPI data release.
The EUR/USD currency pair has dropped below the 20-day Simple Moving Average (SMA) for the first time since mid-March. While the main bias remains bullish, the Euro is currently lacking strength, raising the risk of a deeper correction. To open the door for further upside, the common currency needs to have a daily close above 1.10150 or a firm break of 1.10530.
Ahead of the Asian session, EUR/USD is showing a bearish bias, but it has found support above 1.0952 and the 200-period SMA on the 4-hour chart. However, a drop below this level could increase downside pressure, exposing the next support around 1.0927. If the pair dips below 1.0905, it can cause volatility and accelerate the price decline.
Buyers and sellers face each otherSPDR Gold Trust, the world's largest gold exchange-traded fund (ETF), net bought 1.8 tons of gold on May 5. In two consecutive sessions, the fund net bought a total of 5.5 tons of gold. The gold volume of this fund holds up to 931.8 tons.
I will activate the buy breakout strategy when it breaks out of the 2032 zone and closes the candle above it
Next I will activate the sell strategy at 2045, 2048
Sell Gold 2045-2048
Stoploss 2054
Take profit 1: 2040
Take profit 2: 2035
Take profit 3: 2020
GOLD 09/05 - BUY force is still strongI WAIT FOR GOLD TO BREAK THROUGH THE 2034 RATE AND CONTINUE ADVANCE TO 2040, 2045 IS MY FINAL GOAL.
The world gold price today increased slightly with spot gold increasing by 5.9 USD to 2,021.5 USD/ounce. Gold futures last traded at $2,029 per ounce, up $4.3 from dawn the day before.
Last week, gold pushed up to $2,085 after the US Federal Reserve (Fed) decided to raise interest rates by 25 basis points and switch to a more neutral monetary policy. With the new data released, analysts have reassessed that the central bank will not be able to pivot and cut interest rates in this environment. Gold prices fell sharply as market expectations about interest rates continued to change.
I will activate the buy breakout strategy when it breaks out of the 2034 zone and closes the candle above it
Next I will activate the sell strategy at 2045, 2048
Sell Gold 2045-2048
Stoploss 2054
Take profit 1: 2040
Take profit 2: 2035
Take profit 3: 2020
SasanSeifi 💁♂️ADA/USDT 3DHI TRADERS ✌The possible scenario of ADAUSDT is specified.
▪️By examining the ADA chart in the 3-day time frame. As you can see, the price has been accompanied by selling pressure from the supply zone. It is currently trading in the range of 0.38.
📈In the long term scenario that we can consider if the price penetrates below the range of 0.37, we will see further correction up to the range of 0.34 / 0.33. We have to see how the price will react to the support ranges. The possibility of a positive reaction can be considered from the range of 0.34/0.33.❗️
🔸The important resistance range in the 3-day time frame is 0.43⚠️
🔘Keep in mind that long-term maintenance of the HL range of 0.30 is very important to continue the positive trend.‼️
The current price : 0.3790💲
TF : 3-day
❎ (DYOR)...⚠⚜
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SasanSeifi 💁♂️ZILUSDT /LONG VIEW 👉3D ⏭ 0.033/0.037 ⬆ Hello everyone ✌
In the long-term timeframe, as you can see the price is currently trading in the 0.030 range of the long-term downtrend line. I think if the 3-day timeframe candle closes above the 0.030 range. The price will grow up to the target range of 0.033/0.037 and the FVG range of 0.040.
We have to see how the price will react to the long-term downtrend line.
❎ (DYOR)...⚠⚜
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Long GBPJPY ideaAs we have UK CPI on Wednesday this long could be just an intra-day punt.
Looking for a drop down into the imbalance and then a sweep of the recent swing high.
There is a double bottom just below the entry hence why I am not really bullish. The news could be used to sweep those lows and maybe a pushed further down.
Going to stay nimble.
The USDJPY held up today, while the EURJPY and GBPJPY made an attempt to drop. IF we get direction in the UJ I'll use that as my lead for how much to bet on the GJ
US500 short ideaI know a lot of people want the stock market to crash and burn, and for the US economy to go into a recession.
Well here is my idea of what to look for in a short trade on the US500, ES, SPX etc.
But be warned, after this tax drain, if the US Congress lifts the debt ceiling, your shorts will be blown out of the water.
There will be more and more positive fiscal transfers as the level of interest rate as seen in the EFFR stays high and even goes a little higher.
SasanSeifi 💁♂️COTIUSDT /LONG VIEW 👉1D ⏭ 0.091/0.10 ⬆Hello everyone ✌ As you can see, in the daily time frame, after the growth of about 150% from the range of 0.052, the price faced a correction of about 50% from the range of 0.12. It is currently trading in the 0.080 range. According to the behavior of the candles in the long term, the scenario we can consider is that the price will grow up to the 0.091 range after collecting VOLUME and minor fluctuations.
The possible trend is indicated on the chart.
The important support area is 0.068.
❎ (DYOR)...⚠⚜
What do you think about this analysis? I will be glad to know your idea 🙂✌
IF you like my analysis please LIKE and comment 🙏✌
GBPUSD is reaching its parallel support after huge drop in priceHi traders,
GBPUSD is touching its parallel channeling support.
Although the overall trend is still very bullish, the big downside movement could give us a signal that reversal trend will happen soon.
Therefore, I will put conservative trade with target price in its Fibonacci retracement 0.5 and stop loss 10 pips from the support.
Good luck!
Happy profit
USDJPY 4 HOURS CHART PROJECTIONDON'T MISS
Price has currently breakout from a previous market structure which is visible on the 4 hours chart, the breakout from that structure will change the direction of the previous down trend which in this case will be uptrend.
Market has just approached the previous high which there are two possibilities that could happen in this scenario which are market breaking out of the previous high resistance and if this happens then we will be anticipating more bullish and if market stays below the previous high structure then we will anticipate price to drop more lower creating a new Lower Low structure before a BULLISH movement will occur.
We go more lower to the smaller timeframe for entries and exit.