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Usdjpy looks to break further...Hello fellow traders , my regular and new friends! Welcome and thanks for dropping by my post. As mentioned in my previous 2 articles which you can find the link below, daily trend of UJ seems to be turning lower. though the japanese boj has yet to carry out much actions, chart is still showing bearish signal from daily to h1. bias still to short. Do check out my stream video for the week to have more explanation in place. Do Like and Boost if you have learnt something and enjoyed the content, thank you! -- Get the right tools and an experienced Guide, you WILL navigate your way out of this "Dangerous Jungle"! -- ********************************************************************* Disclaimers: The analysis shared through this channel are purely for educational and entertainment purposes only. They are by no means professional advice for individual/s to enter trades for investment or trading purposes. *********************************************************************
Short
by Shadowing_The_Big_Boys
2
EURUSD Some pullbacks could be seenHello fellow traders , my regular and new friends! Welcome and thanks for dropping by my post. EU should have some retracement on its h4, h1 chart currently is still more to the downside...Do check out my stream video for the week to have more explanation in place. Do Like and Boost if you have learnt something and enjoyed the content, thank you! -- Get the right tools and an experienced Guide, you WILL navigate your way out of this "Dangerous Jungle"! -- ********************************************************************* Disclaimers: The analysis shared through this channel are purely for educational and entertainment purposes only. They are by no means professional advice for individual/s to enter trades for investment or trading purposes. *********************************************************************
by Shadowing_The_Big_Boys
USD could be pulling some retracement,overall still bearish Hello fellow traders , my regular and new friends! Welcome and thanks for dropping by my post. Still bearish on the higher timeframe for USD, though we could be possibly seeing some bounce off this key level on daily timeframe. This area is the low of the 2023.In fact as mentioned before 2023 for USD is back to full circle at its low of the range. Do Like and Boost if you have learnt something and enjoyed the content, thank you! -- Get the right tools and an experienced Guide, you WILL navigate your way out of this "Dangerous Jungle"! -- ********************************************************************* Disclaimers: The analysis shared through this channel are purely for educational and entertainment purposes only. They are by no means professional advice for individual/s to enter trades for investment or trading purposes. *********************************************************************
TVC:DXYShort
by Shadowing_The_Big_Boys
GBP/AUD Short, GBP/CAD Long and GBP/USD ShortGBP/AUD Short • If price pushes up to and ideally just above our area of value, then regardless of how it does so I'll be waiting for a convincing impulse back down followed by a tight flag and then I'll be looking to get short with either a reduced risk entry on the break of the flag or a risk entry within it. • If my entry requirements are not met then I will simply wait until another setup which meets my plan materialises. • If there's any ambiguity then I will not place a trade on this pair. GBP/CAD Long • If price impulses up above our area of value, it does so in a convincing manner and a tight flag forms, then I'll be looking to get long with either a reduced risk entry on the break of the flag or a risk entry within it. • If my entry requirements are not met then I will simply wait until another setup which meets my plan materialises. • If there's any ambiguity then I will not place a trade on this pair. GBP/USD Short • If price pushes up above our area of value, then regardless of how it does so I'll be waiting for a convincing impulse back down followed by a tight flag and then I'll be looking to get short with either a reduced risk entry on the break of the flag or a risk entry within it. • If my entry requirements are not met then I will simply wait until another setup which meets my plan materialises. • If there's any ambiguity then I will not place a trade on this pair.
by StewySongs
Today's GOLD trading strategyYesterday, gold prices' big movements were mainly seen in the first 30 minutes of the Asian session. The price climbed $10. And in the U.S. session, due to risk aversion, XAUUSD also rose $10. Bulls were relatively strong. However, the optimistic expectations for rate cuts still need to be verified or falsified by the December key data. Currently, the risk aversion sentiment is a more important factor. It may gradually fade, but in trading, we need to see what happened rather than guessing. Don't trade in advance. Currently, bulls are strong, but the price still cannot break above the 2090-2095 range. If there is no big stimulus, it will be difficult to rise above that range in the near future. If the price of gold enter that area, it may be a good selling opportunity. Technical analysis on the 1D frame stochastic is in the overbought area, but RSI is not in the overbought area, the histogram has begun to grow higher, on the H4 frame stochastic has been in the overbought area for a long time, RSI has entered the Overbought area, on the weekly chart stochastic is falling very strongly so gold is likely to decrease.
TVC:GOLDShort
by carefulLion07pab
GBPJPY is likely to rise as it encounters supportOn the hourly chart of USD/JPY, the pair started a strong decline well above the 143.50 zone. The US Dollar gained bearish momentum below the 142.85 support against the Japanese Yen. The pair even settled below the 142.85 level and the 50-hour simple moving average. Finally, it broke the 142.20 pivot level. A low was formed near 141.88 and the pair is now attempting a recovery wave. EUR/USD Extends Rally While USD/JPY Revisits Support_2There was a break above a major bearish trend line with resistance near 142.25 and the 50-hour simple moving average. The pair spiked above the 23.6% Fib retracement level of the downward move from the 144.93 swing high to the 141.88 low. Immediate resistance on the USD/JPY chart is near 142.85. The first major resistance is near the 50% Fib retracement level of the downward move from the 144.93 swing high to the 141.88 low at 143.40. If there is a close above the 143.40 level and the hourly RSI moves above 60, the pair could rise toward 144.50. The next major resistance is near 145.00, above which the pair could test 146.20 in the coming days. On the downside, the first major support is near 141.85. The next major support is near the 141.45 level. If there is a close below 141.45, the pair could decline steadily. In the stated case, the pair might drop toward the 140.00 support. This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
Long
by carefulLion07pab
EURUSD is trending downOn the hourly chart of EUR/USD, the pair started a fresh increase above the 1.0930 zone. The Euro climbed above the 1.0985 resistance zone against the US Dollar. The pair even settled above the 1.1020 resistance and the 50-hour simple moving average. Finally, it tested the 1.1040 resistance. A high is formed near 1.1044 and the pair is now consolidating gains. If there is a downside correction, the pair might test the 23.6% Fib retracement level of the upward move from the 1.0929 swing low to the 1.1044 high at 1.1020. There is also a key bullish trend line forming with support near 1.1020 and the 50-hour simple moving average. The next major support is near the 50% Fib retracement level of the upward move from the 1.0929 swing low to the 1.1044 high at 1.0985. EUR/USD Extends Rally While USD/JPY Revisits Support_1If there is a downside break below 1.0985, the pair could drop toward the 1.0930 support. The main support on the EUR/USD chart is near 1.0910, below which the pair could start a major decline. On the upside, the pair is now facing resistance near 1.1040. The next major resistance is near the 1.1065 level. An upside break above 1.1065 could set the pace for another increase. In the stated case, the pair might rise toward 1.1120.
Short
by carefulLion07pab
Gold trading ideas todayThere was no trading yesterday for Christmas. Last Friday, gold ascended slightly in the Asian session. With the support from data, gold once reached $2070 during the European session. Then, it declined in the U.S. session to $2050, showing an inverted 'V' shape movement, closing the daily chart with a long bearish inverted hammer candlestick. Without considering the holiday effect, there was a bearish divergence in the pattern. Technically, it should reach a phase top. However, the general trend is still upward, and investors should catch the opportunity in the near term. Due to the holiday effect, gold bulls may pull up the price, and it will be a chance to short. If investors want to go long, try not to chase the upside but wait until gold prices fall from highs. At present, gold is dominated by bulls. If they increase their positions, gold prices will go up, and if they decrease positions, gold will retrace. In the 1H chart, as the MACD death cross expands slightly, a retracement will appear soon. Moreover, there is a bearish divergence in the 4H chart and the daily chart. Today, investors should focus on the range from $2050 to $2075 where they can buy low and sell high.
TVC:GOLDShort
by carefulLion07pab
XAUUSD trading ideas todayThere was no trading yesterday for Christmas. Last Friday, gold ascended slightly in the Asian session. With the support from data, gold once reached $2070 during the European session. Then, it declined in the U.S. session to $2050, showing an inverted 'V' shape movement, closing the daily chart with a long bearish inverted hammer candlestick. Without considering the holiday effect, there was a bearish divergence in the pattern. Technically, it should reach a phase top. However, the general trend is still upward, and investors should catch the opportunity in the near term. Due to the holiday effect, gold bulls may pull up the price, and it will be a chance to short. If investors want to go long, try not to chase the upside but wait until gold prices fall from highs. At present, gold is dominated by bulls. If they increase their positions, gold prices will go up, and if they decrease positions, gold will retrace. In the 1H chart, as the MACD death cross expands slightly, a retracement will appear soon. Moreover, there is a bearish divergence in the 4H chart and the daily chart. Today, investors should focus on the range from $2050 to $2075 where they can buy low and sell high.
OANDA:XAUUSDShort
by carefulLion07pab
GBPUSD tends to decrease when it encounters resistanceOn Friday, the British Pound (GBP) continues its rebound, driven by encouraging UK Retail Sales figures for November. The Office for National Statistics (ONS) revealed that retail spending by households defied expectations by staying positive compared to the previous year, contrary to market predictions of a significant decrease. The robust performance in Retail Sales was primarily fueled by a 2.8% rise in non-food retail stores, which offered substantial discounts during the Black Friday Sale. The significant rebound in the Pound Sterling indicates that investors have overlooked the pessimistic Q3 Gross Domestic Product (GDP) revision, indicating a 0.1% contraction. This has heightened concerns about a potential technical recession in the UK economy, especially considering the Bank of England's projection of stagnant performance in the final quarter of 2023. After the release of the economic data, Finance Minister Jeremy Hunt said that “The medium-term outlook for the UK economy is far more optimistic than these numbers suggest".
Short
by carefulLion07pab
EURUSD is trending downAs of the most recent data, the EUR/USD currency pair is currently trading at approximately 1.1000. The pair has experienced some volatility in recent sessions due to a combination of factors including economic data releases, central bank announcements, and global geopolitical events. The euro has faced pressure from concerns about the economic impact of the Omicron variant, as well as uncertainty surrounding the European Central Bank's monetary policy outlook. On the other hand, the US dollar has been influenced by the Federal Reserve's tapering of its asset purchase program and speculation about the pace of future interest rate hikes. In the short term, the EUR/USD pair has been trading within a relatively narrow range, as market participants assess the evolving economic landscape and central bank policies. Traders are closely monitoring key economic indicators such as inflation, employment data, and consumer spending, which can influence the direction of the currency pair. Additionally, any developments related to trade tensions, geopolitical risks, or major policy announcements from the ECB or the Fed could also impact the exchange rate. From a technical perspective, the EUR/USD pair is about to test a resistance levels, with market participants closely watching for potential breakout opportunities. Traders are also monitoring the 50-day and 200-day moving averages for potential signals of trend direction. The pair's current position reflects a cautious sentiment among market participants, with a focus on risk management and potential opportunities for short-term trading strategies.Looking ahead, the EUR/USD pair is likely to continue to be influenced by a mix of fundamental and technical factors. Traders will be paying close attention to upcoming economic data releases, central bank communications, and any developments related to the global macroeconomic environment. As always, market sentiment and risk appetite will play a crucial role in determining the near-term direction of the currency pair. Overall, the current position of the EUR/USD pair reflects a dynamic and evolving market environment, with traders remaining vigilant for potential opportunities and risks.
Short
by carefulLion07pab
APPLE Buyers In Panic! SELL! My dear friends, My technical analysis for APPLE is below: The market is trading on 195.71 pivot level. Bias - Bearish Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bearish continuation. Target - 188.70 Recommended Stop Loss - 199.42 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. ——————————— WISH YOU ALL LUCK
NASDAQ:AAPLShort
by AnabelSignals
1
Gold prices closed at high prices creating momentum for 2024This morning, global spot gold prices were at $2,053.2 per ounce and gold futures were at $2,064.5, as markets were still closed after Christmas. Last week, global gold prices registered a slight increase in the last trading session, but the $2,050 per ounce level remained a key resistance level that would be difficult for the precious metal to overcome. However, prominent commodity investor Dennis Gartman said that while stressing the increased risks following the recent sell-off in gold futures prices to an all-time high of more than $2,150 an ounce, He said prices could rise in the short term. Dennis Gartman remains bullish on gold, saying the precious metal is supported by security demand amid concerns about increasing geopolitical instability. While the US Federal Reserve's monetary policy will be the biggest driver of the gold market in 2023, demand for safe-haven assets is being driven by concerns about geopolitical instability, Gartman said. It is said that there is. Inflation risks in the near future will likely cast a shadow.
FXOPEN:XAUUSDShort
by NicoTradingMaster
GBPUSD tends to decrease when it hits resistanceGBPUSD inched up heading into the weekend but hit a roadblock at cluster resistance stretching from 1.2727 to1.2769, where a crucial Fibonacci level converges with a downtrend line extended from the 2023 peak. Reinforcing bullish momentum requires clearing this technical hurdle; with a successful breakout likely paving the way for a move towards 1.2800, followed by 1.3000. On the other hand, if sellers stage a comeback and initiate a bearish reversal, trendline support is located around the 1.2600 area. This dynamic floor may offer stability during a pullback, but a push below it could usher in a retest of the 200-day simple moving average hovering slightly above the 1.2500 handle. Further weakness could redirect attention to 1.2455.
Short
by carefulLion07pab
EURUSD is trending downAs of the most recent data, the EUR/USD currency pair is currently trading at approximately 1.1000. The pair has experienced some volatility in recent sessions due to a combination of factors including economic data releases, central bank announcements, and global geopolitical events. The euro has faced pressure from concerns about the economic impact of the Omicron variant, as well as uncertainty surrounding the European Central Bank's monetary policy outlook. On the other hand, the US dollar has been influenced by the Federal Reserve's tapering of its asset purchase program and speculation about the pace of future interest rate hikes. In the short term, the EUR/USD pair has been trading within a relatively narrow range, as market participants assess the evolving economic landscape and central bank policies. Traders are closely monitoring key economic indicators such as inflation, employment data, and consumer spending, which can influence the direction of the currency pair. Additionally, any developments related to trade tensions, geopolitical risks, or major policy announcements from the ECB or the Fed could also impact the exchange rate. From a technical perspective, the EUR/USD pair is about to test a resistance levels, with market participants closely watching for potential breakout opportunities. Traders are also monitoring the 50-day and 200-day moving averages for potential signals of trend direction. The pair's current position reflects a cautious sentiment among market participants, with a focus on risk management and potential opportunities for short-term trading strategies.
Short
by carefulLion07pab
1
SPY Under Pressure! SELL! My dear friends, Please, find my technical outlook for SPY below: The price is coiling around a solid key level - 473.65 Bias - Bearish Technical Indicators: Pivot Points Low anticipates a potential price reversal. Super trend shows a clear sell, giving a perfect indicators' convergence. Goal - 452.88 About Used Indicators: The pivot point itself is simply the average of the high, low and closing prices from the previous trading day. ——————————— WISH YOU ALL LUCK
AMEX:SPYShort
by AnabelSignals
3
GBPUSD trading strategy todayThe technical analysis of the Pound to US Dollar (GBP/USD) pairing adds another layer to the narrative. The currency pair is currently approaching a critical support level at $1.265, representing a potential pullback point. This level aligns with a confluence of Fibonacci levels, including the 50.0% retracement and the 61.8% projection levels. This confluence could act as a substantial support zone, providing a platform for a potential bounce-back. For traders eyeing potential entry points, the advised buy entry is at $1.265, with this level considered a pullback support bolstered by Fibonacci confluence. Setting a strategic stop loss at $1.26000, just below the pullback support and the 61.8% Fibonacci retracement level, aims to mitigate potential downside risks. In terms of potential gains, the take profit level is set at $1.2800 which aligns with a pullback resistance.
Long
by NicoTradingMaster
GBP/CAD Long and EUR/USD ShortGBP/CAD Long • If price impulses up above our most recent high, it does so in a convincing manner and a tight flag forms, then I'll be looking to get long with either a reduced risk entry on the break of the flag or a risk entry within it. • If my entry requirements are not met then I will simply wait until another setup which meets my plan materialises. • If there's any ambiguity then I will not place a trade on this pair. EUR/USD Short • If price pushes up to and ideally just above our area of value, then regardless of how it does so I'll be waiting for a convincing impulse back down followed by a tight flag and then I'll be looking to get short with either a reduced risk entry on the break of the flag or a risk entry within it. • If my entry requirements are not met then I will simply wait until another setup which meets my plan materialises. • If there's any ambiguity then I will not place a trade on this pair.
by StewySongs
1
AUDUSD is likely to fall then rise againThe AUDUSD witnessed a remarkable rebound this week, surging to the 0.6791 level on Thursday, marking the highest level since late July. After a failed attempt at the beginning of the month, the bulls finally broke above the resistance trendline dating back to April 2022, adding to the market's optimistic sentiment that the upward reversal from the year's low point in October may continue. The RSI and the stochastic oscillator align with this view, as they fluctuate around the 70 and 80 levels, respectively, without confirming overbought conditions. The 0.6791 level, which has restricted both upward and downward trends for over a year, is currently under scrutiny. If it gives way, the upward momentum could accelerate toward the 0.6800 level and then rise to the double-top formation at 0.6894 from June to July 2023. If bulls make further progress, the next resistance may emerge around the 0.6980 area. Alternatively, a downward correction may initially pause between the nearby support at 0.6655 and the breached resistance trendline. If this bottom holds, the asset might seek shelter near the exponential moving averages, currently situated between 0.6520 and 0.6600. Subsequent further declines could find stability around the 2020 ascending trendline at 0.6470 or lower near 0.6400. Afterward, attention might shift to the crucial 0.6269-0.6300 region. Overall, the AUDUSD maintains a bullish bias. While the recent strong rebound may slow down, bulls could focus on the 0.6830 area as the potential endpoint of the upward impulse waves in the coming trading days. In terms of trading strategy, buying the dips is recommended.
by carefulLion07pab
GBPUSD tends to decrease when it hits resistanceOn Wednesday, the GBPUSD fell sharply during the European session as UK inflation for November came in below expectations. The fresh weakness is expected to completely reverse Tuesday's gains and challenge key support at 1.2636. With the overall decline of the GBPUSD, bears are expected to test the starting point of the upward impulse waves. Subsequently, the bullish bias will still exist to keep the structure of "upward impulse waves" intact. But the focus is now on the downside. As the Relative Strength Index in the 4H timeframe fell below 50 and below the lower limit of the long-term rising regression channel, reflecting a shift in the technical outlook to bearish. On the downside, the 1.2600 level is now the first support level for the bullish market. A 4-hour close below this level could open the door to a further slide towards the 1.2550 level. It is recommended to go short at the highs.
Short
by carefulLion07pab