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USD/CAD - Key levels to watchTechnical analysis The price is currently in a downtrend, please see the chart marks and the technical explanation below. 30-minute chart On the 30-minute chart, USD/CAD is currently in a downtrend. The price is below the 200-period moving average, and the relative strength index (RSI) is below 50. This suggests that momentum is to the downside. 4-hour chart On the 4-hour chart, USD/CAD is also in a downtrend. The price is below the 200-period moving average, and the RSI is below 50. This suggests that momentum is to the downside on this timeframe as well. Daily chart On the daily chart, USD/CAD is in a consolidation phase. The price is between the 50-period and 200-period moving averages, and the RSI is around 50. This suggests that there is no clear direction for the price on this timeframe. Conclusion Overall, USD/CAD is in a downtrend on the 30-minute and 4-hour charts, but in a consolidation phase on the daily chart. This suggests that the price is likely to continue to move lower in the short term, but there is no clear direction for the price on the longer term.
Short
by YExplore
IS ETH low at 1530 going to hold?(1)ETH last low from the distribution seller bar at 1540 has been taken out. We see some settling at 1530 level with a low test buyer bar coming up. Once this low has confirmed, we will look at the 4H timeframe to get an early top towards confirming on daily and weekly. For the weekly to continue going down, there is a less than 30% probability. So,highly probably, it may confirm its weekly bottom before carrying further south. Let's see if how the trade plans out according to our smart money framework and the VSA methodology. We will be tracking this potential trade and updating the post as we go along on the charts and on video. Keep a look out for it traders. To understand our ideas and videos better,we highly recommend watching our following stream videos: 1.Trader Starter Pack 5 day video course Look on our channel profile or at our signature section to access it 2.7 steps to achieve consistent trading performance www.tradingview.com 3.7 steps for strategy construction www.tradingview.com Refn image from our ealier post:
COINBASE:ETHUSDShort
by masterthemarkets2010
NQ Power Range Report with FIB Ext - 9/14/2023 SessionCME_MINI:NQZ2023 - PR High: 15574.00 - PR Low: 15562.50 - NZ Spread: 25.5 Significant Economic Events 08:30 – Initial Jobless Claims - Core Retail Sales - PPI - Retail Sales Maintaining tight PR spread, low vol session open - Maintaining daily range - Heading back towards daily pivot high Evening Stats (As of 12:05 AM) - Weekend Gap: N/A - Session Gap: -0.33% (open > 15807) - Session Gap: -0.11% (open > 15939) - Session Open ATR: 233.73 - Volume: 22K - Open Int: 219K - Trend Grade: Neutral - From ATH: -6.9% (Rounded) Key Levels (Rounded - Think of these as ranges) - Long: 16105 - Mid: 15247 - Short: 14675 Keep in mind this is not speculation or a prediction. Only a report of the Power Range with Fib extensions for target hunting. Do your DD! You determine your risk tolerance. You are fully capable of making your own decisions.
CME_MINI:NQZ2023Long
by mv3trader5
GOLD, to continue the bearish waveLast Thursday, gold price attempted to make a correction towards the $1930 PER ounce but was quickly rejected by the EMA-200/100 on the 4Hr time frame at $1929.814 which signifies that the bears are still in control in that region. Last Friday, the price declines to 1919.085 at the time of market closure whereby the last two 4Hr candles closed below the trendline support that has been holding the bulls since 21st August 2023. As long as the candles are closing below that trendline support signals the potential continuation of the bears movement down to the next significant level (1903). Important news coming up this week which can alter the direction of the gold market so keep your eyes on the news on Wednesday to Friday. DXY has for the next consecutive 8 weeks been a bullish swing that could put more selling pressure on gold. Wednesday: CPI Thursday: PPI, retail sales and unemployment claims Friday: Empire State Manufacturing Index and Prelim UoM Consumer Sentiment. Resistance: 1925 Support: 1907, 1903, 1896
OANDA:XAUUSDShort
by AbeikuGlobal_FX
1
US30 Long Setup TP: 35646Today was a good day again to test the strenght of the US dollar, which remained strong. Red folder news was good for USD. The DXY Index was also very strong today. Looking at the US30 chart, 4H timeframe. I marked this zone it keeps coming back to in purple(resistance/counter zone). All the way to the left some bullish imbalance(start of the zone). After reaching some highs a few days ago it went down for a bit, back to this zone, passed it downward to just above 34000, where i see 2 nice 4H wicks, and the price went back up, past the purple zone again, came back into it again, and then one last 4H wick, touching the bottom of the zone and the price went upward again out of the zone. From here i can see it reach 35646. Will take 80% profits around 35200-35300 levels probably. SL at 34672, just a bit below the purple zone. If anyone has any ideas or feedback, all welcome!
FX:US30Long
by ProdemoNL
Gold buyAs is said in my previous anylisis that Gold will move to its 1946 level which was a key level for gold for two bug reasons one was we were having a Daily trendline and the 2nd one was H1 resistance level now the two confluance made us think that gold will reach its 1946 to 48 level and For today we are still BUY baised as we are watching Gold prices we can see gold is forming a Bullish flag 🏳️ at the area of 1946-48 to 1940 level and is not still breaking above or down the flag as i said we are watching the price what it tells is on Monthly time frame we had a beautiful Hammer 🔨 pattern and on weekly also we are on a BUY position but as we said we had a rejection on daily timeframe it seemed to be a sell trade but for a scalp trader it was 50-60 pips trade but still gold is moving upwards if it breaks 1940 level and or 1946 level we will be having a sell trade to 1932 level previous support and 1960 level next resistance level respectively So hope for the best what goes around
OANDA:XAUUSDLong
by Wakeel_Saab