NZDUSD → Trade Analysis | Bullish opportunityHello Traders, here is the full analysis.
Price reversal going up levels for BUY . GOOD LUCK! Great BUY opportunity NZDUSD
I still did my best and this is the most likely count for me at the moment.
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USOIL : BUY WITH BREAKOUT AND RETEST STRATEGYHello Traders,
📈 Daily chart review :
- Affter a long moving in downtrend, in the present, price is near with strong support and has got many times want to pull up.
- Now, it is prepairing for a breakout of the downtrend
🎯In my trading opinion:
You can buy around 73-74 price zone and target is 80-81 zone.
📚 Remember that: Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
XAUUSD : The focus turns to the upcoming US inflation reportDuring the January 8 session, crude oil prices dropped sharply and US government bond yields increased, causing difficulties for world gold prices. However, in the long term, gold has many grounds for a strong increase in price when the market believes that the Fed will almost certainly cut interest rates this year. ISM's latest PMI report showed that the labor market is showing signs of cooling, reinforcing the view that the Fed will have to decide sooner or later on when to cut interest rates. After "plunging" to $2016 yesterday, gold is currently recovering to $2032.
Today, before the US session, gold will likely rotate from 2033 - 2045. We can trade short-term and if after the European session gold breaks through Fibo 0.5 at 2045, gold will likely reach Fibo 0.6.
XAUUSD : Gold prices are continuing their downward streakGold prices were gloomy at the beginning of the new year, following a strong recovery in the USD as traders reduced bets that the Fed could cut interest rates as soon as March.
Stronger-than-expected nonfarm payrolls data on Friday points to labor market resilience — which gives the Fed more room to keep interest rates higher for longer.
Spot gold price decreased 0.5% to 2,035.69 USD/ounce, while gold futures price due in February decreased 0.4% to 2,042.25 USD/ounce at . Both types of gold fell 0.9% in the first week of 2024.
The market is now fully focused on US CPI data for December, expected this Thursday.
The data comes on the heels of the payrolls report, which is expected to show inflation rising from the previous month.
CME Fedwatch shows traders have scaled back their expectations for a March cut. Traders are now pricing in about a 63% chance of a 25 basis point cut in March.
Higher interest rates for longer could be greater short-term pressure on gold. This could drive up the opportunity cost of investing in gold.
Analyzing USDJPY price today, please follow my articleUSDJPY surged after falling below the 200-day SMA but encountered strong resistance at the 200-day EMA and recovered some of last week's decline. The Relative Strength Index has recovered from the 30 level, but it is trending sideways and the MACD is rising after falling below the trigger line.
If the upward pressure continues, the price could revisit the previous starting point at 146.60. A break above this area is the starting point for USDJPY's second sell-off and a tightening of the 100-day SMA.
If the bears reappear and the bears attempt to pull back the price, the initial downtrend could stall at the short-term support zone at 141.86 and then at the short-term bottom at 140.90 .
Overall, USDJPY remains in negative medium-term mode after the sharp pullback from 151.91, but it seems to have received enough support. However, with the MACD strengthening in the negative zone, a bullish breakout is more likely. Recommended to buy at a discount.
Short USDJPYLong term short position, explanation shown! The price is in a strong Short POI, I used external ExpertAdvisors, available only for mt5, and indicators, including LVL2 data. Not investment advice!!!!
Short position is placed on the chart for illustrative purposes only! Always Analyze and look for your own entry, don't blindly follow anyone!
GOLD WEEKLY CHART MID/LONG TERM PROJECTION UPDATEHey Everyone,
This is an update on our weekly chart idea that we have been tracking and trading for a number of months now. We have listed the previous updates below over the week so you can all see how we tracked the movement level to level into our long term target.
Currently I have updated a new swing range, channel bottom retest area for retracement zone inline with 2048 axis. We also have the channel half line for a long term target with break and locks above or below these levels to determine the next levels.
LAST UPDATE UPDATE
We are now seeing price test the channel entrance and would need to see a candle to break into the channel with ema5 to start seeing price play in the range above.
A break into the channel followed with a test on channel floor will open the full upper range play. Failure to break into the channel will see price reject back into 1956 Axis for a test at support.
Please see our last updates below to keep with the flow of the setups so far and how we have been tracking this chart.
We stated last week that we are on track with the long term plans on this chart idea. However the detachment below still pending and as such need to keep this in mind when buying dips this coming week.
- This played out as analysed, as we saw price come down to attach to ema5. We will now assess this in the coming week for dynamic suport from this ema5 attachment.
WE GOT THE DETACHMENT AND THEN THE BOUNCE AS SUGGESTED LAST WEEK AND NOW TESTING THE CHANNEL ENTRY
- This is crucial test on the weekly chart. We will either see a rejection here and a failure to break into the channel or a break into the channel to complete the last targets in this range.
We need to keep the above in mind and continue with our plans to buy dips, which will allow us to safely take the bounces from support.
Please don't forget to like, comment and follow to support us, we really appreciate it!
Have a great weekend all!
MR GOLD
Gold Route Map UPDATEHey Everyone,
We finish off the week perfectly with the retest at 2003 from the bounce from 1989, as stated yesterday. We will now need a cross and lock above 2003 to confirm the range above. However, a new Goldturn created below 2003 will confirm a rejection.
We will now come back Sunday with our multi timeframe analysis, route map and updated trading plans for the coming week
Hope you all have a great weekend and we will see you all next week to push for a strong finish to the month!!!
Please don't forget to like, comment and follow to support us, we really appreciate it!
GoldViewFX
XAUUSD TOP AUTHOR
GBPUSD D1 - Long Signal In tandem with the analysis of the dollar index and the subsequent evaluations of AUDUSD and EURUSD... The ongoing trend of a weakening dollar shows no signs of abating. That being said, 1.25 is our confluence zone and buy region.
Over the past 18 months, we witnessed a prolonged series of interest rate hikes, and the market is now experiencing a sense of relief from that sustained pressure.
The ascent of US stocks is notable, driven by the backdrop of a softening dollar. Much of the risk pricing has already been factored in, leading to a scenario where various markets are becoming more closely correlated.
GBPUSD D1 - Long SignalGBPUSD D1
GBPUSD retraced to retest the key 1.22 support level and showed remarkable resilience, except for a minor 10-pip dip. It managed to stage a recovery of approximately 25-30 pips last Friday, just before the week's conclusion.
As the markets kicked off today's trading sessions, the pair swiftly surged to new heights, reaching 1.22530, surpassing last week's setup by over 2R.
USTECH Trade Plan Timeframe: 4HUSTECH Trade Plan Timeframe: 4H
#NDX100 #NASDAQ #USTECH #TradingwithBelieve #TradingOpportunity #Divergence #TradingSignal #USTECHtradingsignal #Forex
Hey traders! 👋 Let's dive into a potential trading opportunity on the USTECH pair using technical analysis. 📊
📉 Previously Bullish Trend:
Firstly, on the 4H- timeframe, we've been witnessing a Bullish trend in the USTECH pair. 🐻
🔄 Divergence on HH’s:
However, it's crucial to note that recently, we have started to observe a divergence pattern on the HH’s. This is an important signal that the Bullish momentum might be weakening. 📉🔄:
📊 Trade Opportunity:
Currently, we are looking at a potential trade opportunity with a Bearish bias.
📈 Entry Price: 15212
🎯 Stop Loss Level: 15407
🚀TP1: 15013
🚀TP2: 14824
💰 Investment Advice:
Please remember that trading carries risks, and it's essential to have a well-defined trading plan, proper risk management, and stop-loss orders in place. This analysis is for educational and informational purposes only and should not be considered as financial advice. Make sure to do your research and consider your risk tolerance before entering any trade.
Happy trading, and may the pips be in your favour! 🚀📈💰 #HappyTrading #ProfitOpportunity #TradeSmart #CryptoSignal #StockSignal #TradingwithBelieve
NZDJPY SELL | Day Trading AnalysisHello Traders, here is the full analysis.
Watch strong action at the current levels for SELL. GOOD LUCK! Great SELL opportunity NZDJPY
I still did my best and this is the most likely count for me at the moment.
Support the idea with like and follow my profile TO SEE MORE.
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 🤝
Patience is the If You Have Any Question, Feel Free To Ask 🤗
Just follow chart with idea and analysis and when you are ready come in THE GROVE | VIP GROUP, earn more and safe, wait for the signal at the right moment and make money with us💰
XAUUSD SHORT SETUP 30MIN TIMEFRAMEHello Traders this is an update for the yesterday Setup on GOLD Sell, we have identified two main areas the first 1 is 1881-1887 the Second one is above this 1919-1929, this is how our Sell setup could played out i think we gonna make another push further then fall or the gold start melting again
GBPAUD Heading Lower By Frankfurt and London Session OpenGBPAUD sellside liquidity or sell stops taken at market open of the week, market is going for buyside liquidity or buy stops during the Asia session, my opinion is GBPAUD to heading lower by Frankfurt and London session after buyside liquidity or buy stops taken.
IMPORTANT: This is paper trade idea, not financial advice. Forex trading is a very high risk business, please ensure you master risk and money management before placing any live trade.
GoldViewFX - Gold LEVELS and TARGETS for the weekHey Everyone,
Please see our updated 1h chart levels and targets.
Price is ranging sideways between 1910 and 1918. 1918 is a weighted level of resistance and the next Bullish target. We will need to see 1918 break and lock to open the levels above.
1919 and 1902 fall in the retracement test range and likely areas of test. We will keep this in mind when taking buys from dips. A break and lock below 1902 will open the swing range, which will allow us to track the movement down and the catch bounces up. This style allows us to naturally fall back in the long term trend without looking for the bottom or top.
We will continue to buy dips using our support levels taking 30 to 40 pips. As stated before each of our level structures give 20 to 40 pip bounces, which is enough for a nice entry and exit. If you back test the levels we share every week last 18 months, you can see how effectively they can be used to trade with or against short terms swings and trends.
BULLISH TARGETS
1918
EMA5 CROSS AND LOCK ABOVE 1918 WILL OPEN THE FOLLOWING BULLISH TARGETS
1937 -
1946 -
BEARISH TARGETS
1910 -
1902 -
EMA5 CROSS AND LOCK BELOW 1902 WILL OPEN THE SWING RANGE
SWING RANGE
1895 - 1884
As always, we will keep you all updated with regular updates throughout the week and how we manage the active ideas and setups. Please don't forget to like, comment and follow to support us, we really appreciate it!
GoldViewFX
XAUUSD TOP AUTHOR
AUDUSD Signal 7Aug2023I have noticed a correction in the H1 timeframe. The most recent HH was unable to reach the SND area, resulting in a FTR (Failed to Return) and a subsequent drop in corrected prices. For this AUDUSD analysis, we can set up a buy limit in the SND area with a ratio of RR reaching 1:6. It is important to use a good MM.