GoldViewFX - 4H CHART MARKET UPDATEHey Everyone,
Please see our 4H chart setup. We played this perfectly from the drop to the ride up, true level to level trading. We waited patiently today for the support test and took a BUY signal in premier, all the way to the top, with a PERFECT TP FINISH !!!
Price is now in a resistance zone here, so we cannot isolate the Bears yet unless we see EMA5 cross and lock above 1766, which will then open the upper levels.
EMA5 is about to converge with MA21. A cross of these two MA's will confirm stronger Bullish movement and a failure to cross will surely open the full swing range.
As planned for this week, we are not chasing the market but rather letting it come to us, sitting patiently for the right entry from weighted support and resistance levels, strategically placed to manage any swings.
Price is still placed perfectly in the central range and still sitting above 1743 Goldturn support, placed perfectly in the central range. If price finds support here above 1743 it is perfectly placed for a push up to challenge 1788 and 1799. A EMA5 break above this level will open up the 1800 range.
As we mentioned already, we need to take extra caution trading this week due to JACKSON HOLE and can expect big moves in either direction.
BULLISH TARGETS
1757
1766
BEARISH TARGETS
1743 - DONE
1730 - DONE
SWING RANGE
1718 - 1707
STRUCTURE SUPPORT
1707 - 1693
The best way to trade JACKSON HOLE is to wait for the move and patiently let the momentum exhaust, measuring the momentum using the Goldturns. Ideally we would like to see movement down as deep as the momentum allows, establish a floor and then organically ride the movement up. If it heads up from 1743 then we already fall in line with our long term projections for Gold and we can use our lock and close strategy to determine movement level to level.
As always we will keep you all updated with any changes to our plans throughout the week. Please don't forget to like, comment and follow to support us, we really appreciate it!
GoldViewFX
XAUUSD TOP AUTHOR
Tradingsignal
NZDUSD H4, BREAK CRITICAL POINT 0.6212 To 0.6191 & 0.6184NZDUSD Break critical level at 0.6212 and Fibo 61.8% at 0.6216.
Break Below 0.6212 then Open The Way To 0.6191 & 0.6184.
Break Below 0.6184, then Open The Way To 0.6147.
Strong Support At 0.6060. If Break, Bearish Continue.
But Hold Above 0.6212, Open The Way To Rebound To 0.6264.
Resistance At 0.6312 & 0.6371.
Strong Resistance At 0.6468, If Break, Bullish Continue.
XAUUSD D, BREAK ABOVE 1786, TARGET 1828.41 & 1875.50 XAUUSD Rebound from its lower area of its Medium term consolidation 1676 & 2075.
For a while, XAUUSD is rejected by 1786 around its MA 50 Daily.
If Break & Hold Above 1786 or MA 50D then Open The Way To Test 1828.41 & 1875.50.
Its Strong Resistance at 1922.58 (61.8% Fibonacci).
Its Strongest Resistance at 2075.
But, While Below 1786, Potential To Retest 1721.70 & 1676.00.
Its Strongest Support at 1676.
While Above 1676.00, Bullish Medium Term, Buy On Weakness.
GoldViewFX - 4H CHART UPDATED LEVELS & TARGET$$Hey Everyone,
Please see 4H chart setup for the coming week with updated upper Goldturns.
EMA5 has crossed MA200 again confirming the Bullish setup. We have a retracement range between 1761 and 1748 for any movement down before resuming Bullish move. However a EMA5 break and lock below 1761 will open the full swing range. We also have a gap target at 1798 left open from last weeks chart setup.
We will continue to trade this level to level with bias towards buying dips strategically picking entries that also allow us to ride swings.
BULLISH TARGETS
1777
1778
1798
BEARISH RETRACEMENT TARGETS
1761 E
1748
SWING RANGE
1730 - 1721
STRUCTURE SUPPORT
1694 -1685
As always we will keep you all updated with any changes to our plans throughout. Please don't forget to like, comment and follow to support us, we really appreciate it!
GoldViewFX
XAUUSD TOP AUTHOR
Bitcoin Trend Analytics July 22 Yesterday BTC held the support and is ready to challenge the resistances above. The key resistance above is $24675.62. 2-week core resistance is at $28227.07.
The pull-back supports are between $22655.04-$22267.40. If these supports are not broken down, BTC will go up against the resistance above. If supports are broken, it will come back to consolidate.
The short-term supports are $21382; $20825.47. The key support of the month diverted to $18743.34.
Fed’s rate hike expectation: +75bp (72.7%) / +100bp (27.3%)
Previous stats: 1.75%; expected target rate: 2.5%-2.75%.
Swiss Franc - CHF Correction and Correlation On June 16th, SNB Surprises with first interest-rate hike in 15 years due to which market reacted with bullish CHF sentiments.
SNB also started selling foreign currencies by CHF Buybacks which also contributed to recent spikes in Swiss Franc Valuation.
However, repurchasing of CHF is advantageous for the balance sheet but if the CHF doesn't gain strength then it could also lose even more value.
Technical Analysis,
1.) Oversold and Overbought ratios (CHF Correction is expected due to recent reactionary bullish spike)
2.) All targets are set in accordance with Fibonacci sequence
3.) Head and Shoulder
Conclusion: Short position on CHFJPY, Long EURCHF and CADCHF
DISCLAIMER
---------------
This publication is designed to provide accurate and authoritative information in regard to the subject matter covered. It is distributed with the understanding that this information shall not be construed as an investment advise or endorsing any methodology. The cases included in the report are not an endorsement of the people, products, or firms mentioned in the cases; investment product returns are unpredictable.
GBPJPYGJ price drop to the low of 6july and & 16 june strong demand zone in 4h we see clear double bottom structure and now price is rebounding. Rsi bullish divergence shows buyers bias. Bulls try to hold this level and trying to push price upside now wait for the breakout of 162.44 level than entr buy position with the target of 162.35, 163.92 and above levels i mentioned in the chart your SL IS 161.55.
127 PIPS 1ST #TARGET
253 #PIPS 2ND #TARGET
100 PIPS #STOPLOSS
#GBPJPY #GY
BITCOIN - Huge Support is now 🛎️🛎️🛎️🛎️🛎️Bitcoin at the biggest of all supports, again.
This level is as Big as it gets and must not be lost or we will be watching a free fall to 19k...
Our opinion is that this is it! Bitcoin will most likely rise from now!
Then again we can never be sure so DYOR and prefer to go short on other assets! Not on Bitcoin.
One Love,
the FXPROFESSOR
xaauusd bullish potential on xauusd it has reached the closest supply and has the potential to continue its decline but below there is still fresh demand more or less it will be a good enough block to hold it temporarily but unfortunately today is the first Friday of the week where nfp will take place so I think this is quite dangerous to do purchase even though there is potential with minimum risk there
S&P500 Index (SPY) Risky Long From Support 📈
S&P500 is approaching a strong zone of demand.
On an hourly time frame, the price formed a tiny double bottom formation
and broke its horizontal neckline.
The price may retrace now to 4230 / 4270 levels.
❤️If you have any questions, please, ask me in the comment section.
Please, support my work with like, thank you!❤️
TRADE OF THE WEEK | Great Bullish Movement Caught 💰
Hey traders,
As you know, Natural Gas has recently broken key weekly structure resistance.
After a weekly candle close above, I was patiently waiting for a retest of a broken structure to buy the market.
When the price was retesting the underlined yellow structure I was looking for a confirmation to buy.
My confirmation was a tiny double bottom formation on 1H time frame.
I opened a long position on a retest of its broken neckline.
Great winner and nice profits.
❤️If you have any questions, please, ask me in the comment section.
Please, support my work with like, thank you!❤️