USOUSD H4 | Approaching overhead resistance?USOUSD is rising towards a key overlap resistance and could potentially reverse from here. We could see price drop down to our take profit target.
Entry: 72.782
Why we like it:
There is an overlap resistance that aligns with the 100.0% Fibonacci projection level
Stop Loss: 74.377
Why we like it:
There is an overlap resistance that aligns with the 127.2% Fibonacci projection level
Take Profit: 70.113
Why we like it:
There is an overlap support
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
Usousd
2023.7.3 USOUSD has slightly strengthened !2023.7.3 USOUSD has slightly strengthened !
USD has slightly declined, non US currencies and precious metals have experienced weak volatility, while US crude oil has slightly strengthened !
Hello, I'm Older Duan. Today is Monday, July 3rd 2023.
Now it's 16pm Beijing time.
Let me give you a quick comment on the technical forms of the current international mainstream varieties!
First, what we see is the daily graph of the dollar index.
As shown in the figure, the U.S. Dollar Index peaked last Thursday and Friday at a daily level of 165MA, and then fell back down to near the daily levels of 21MA and 144MA!
Now, let's look at gold.
Now you can see the daily chart of gold.
The figure superimposes the combination of gold's recent bottom-up golden section and Fibonacci parameter mean square!
As shown in the figure, gold will hit the bottom against the 1.618 level of the gold split last Thursday (around $1890), and then rise sharply against the daily level of 165MA (around $1927) on Friday! Then, in the future, we will continue to use the daily line level of 165MA (around 1927 dollars) as the important Bitwise operation in the day! Above this position, bulls dominate; Below this position, bears dominate!
Let's take a look at American crude oil.
What you are now seeing is daily level candle chart of US crude oil. The graph superimposes the recent bottom-up golden section of US crude oil and the Fibonacci parameter mean square combination!
As shown in the figure, the daily pattern of US crude oil for three consecutive trading days last Wednesday, Thursday, and Friday showed a bullish and constantly accumulating strength, ready to exert upward force at any time! So, for the rest of today, just continue to use the $70 integer level as an important intraday point! Above this point, bulls dominate; Below this point, bears dominate!
Let's look at EURUSD.
What you can see now is the daily chart of EURUSD.
The figure superimposes the combination of European and American currencies against the recent bottom of the golden section and Fibonacci parameter mean square!
As shown in the figure, the euro against the US dollar has been engaged in a long short battle in the past three trading days, at the bottom of the gold split at 2.382 and near the daily level of 21MA! So in the subsequent period of this day, the bottom to top golden section of 2.382 bits (1.08870) will be taken as the important Bitwise operation of the day! Above this position, bulls dominate; Under this position, bears dominate!
Finally, let's take a look at GBPUSD.
Now you can see the daily chart of GBPUSD.
The figure superimposes the combination of the recent bottom of the GBPUSD against the golden section and the Fibonacci parameter mean square!
As shown in the figure, the pound US currency almost compensated for the decline of last Thursday and Wednesday against last Friday, returning to the daily level of 21MA and the bottom of the gold split at 2.000 (around 1.26800)! In the future, the 2.000 bit (around 1.26800) of the golden section from the bottom to the top will be taken as the Bitwise operation of the important point in the day! Above this position, bulls dominate; Under this position, bears dominate!
Well, the above is a quick inventory of the technical forms of the international mainstream varieties in today's European period!
Special reminder, Today is Monday, and as tomorrow is Independence Day (a legal holiday in the United States), the US market closed early today; The US market is closed tomorrow! The important data for this week (EIA, ADP, USD Unemployment Claims, and Non-Farm Employment Change) are all concentrated on Thursday and Friday of this week! Please pay attention to the risks!
Im Older Duan. Wish you happy win . Goodbye!
USOILHere is my latest structural analysis for USOIL.
Main scenario: consider a sell position on the correction below 73.69 with a target.
70.40-68.11
Alternative scenario: breakout and consolidation above the level of 74.65 will allow the asset to continue rising to the levels 77.25-84.00
>>GooD Luck 😊
USOUSD H4 | Rising into resistance?USOUSD is rising towards a key overlap resistance and could potentially reverse from here. We could see price move down to our take profit target.
Entry: 72.782
Why we like it:
There is an overlap resistance that aligns with the 78.6% Fibonacci retracement level
Stop Loss: 74.377
Why we like it:
There is an overlap resistance
Take Profit: 70.113
Why we like it:
There is an overlap support
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
2023.6.20 Daily European Perspective USOil is changing!2023.6.20 Daily European Perspective
USOil is changing !
Hello, I'm Older Duan. Today is Tuesday, June 20 2023.
Now it's 16pm Beijing time.
Let me give you a quick comment on the technical forms of the current international mainstream varieties!
First, what we see is the daily graph of the dollar index.
As shown in the figure, the daily line of the U.S. Dollar Index has closed for three consecutive trading days below the 55MA level of the key multi space watershed daily line!
Now, let's look at gold.
Now you can see the daily chart of gold.
The figure superimposes the combination of gold's recent bottom-up golden section and Fibonacci parameter mean square!
As shown in the figure, after the highest point of gold yesterday peaked and bottomed out at 2.000 points (1960 US dollars) above the gold split, it fell below the daily level of 21MA (1955.1 US dollars)! Then, the following time today, just use these two positions as the important points in the day Bitwise operation! Above these two positions, bulls dominate; Below these two positions, bears dominate!
Let's take a look at American crude oil.
What you are now seeing is daily level candle chart of US crude oil. The graph superimposes the recent bottom-up golden section of US crude oil and the Fibonacci parameter mean square combination!
As shown in the figure, the daily closing pattern of US crude oil yesterday was a cross star, which is the standard change signal! Then, in the later days of today, the intraday opening price ($71.34) will be taken as the important Bitwise operation! Above this point, bulls dominate; Below this point, bears dominate!
Let's look at EURUSD.
What you can see now is the daily chart of EURUSD.
The figure superimposes the combination of European and American currencies against the recent bottom of the golden section and Fibonacci parameter mean square!
As shown in the figure, the euro fell slightly against the US dollar yesterday, but overall it remains strong! Then, in the future period of this day, take today's opening price (1.09229) as the important Bitwise operation of the day! Above this position, bulls dominate; Under this position, bears dominate!
Finally, let's take a look at GBPUSD.
Now you can see the daily chart of GBPUSD.
The figure superimposes the combination of the recent bottom of the GBPUSD against the golden section and the Fibonacci parameter mean square!
As shown in the figure, the pound US currency fell slightly against yesterday, but overall it remains strong! Then in the future, we can use today's opening price (1.27927) as the Bitwise operation of the day! Above this position, bulls dominate; Under this position, bears dominate!
Well, the above is a quick inventory of the technical forms of the international mainstream varieties in today's European period!
Special reminder,Today is Tuesday, and tomorrow morning, the main contract for US crude oil enters the last trading day on the market! Please pay attention to the risks!
Im Older Duan. Wish you happy win . Goodbye!
2023.6.19 Daily European Perspective the third day of USDX ?2023.6.19 Daily European Perspective
On the third day of the weakest range of USD daily line, US crude oil bulls are weak!
Hello, I'm Older Duan. Today is Monday, June 19 2023.
Now it's 16pm Beijing time.
Let me give you a quick comment on the technical forms of the current international mainstream varieties!
First, what we see is the daily graph of the dollar index.
As shown in the figure, the daily line of the U.S. Dollar Index has closed below the 55MA level of the key long/short space watershed daily line for two consecutive trading days. Today is the third day!
Now, let's look at gold.
Now you can see the daily chart of gold.
The figure superimposes the combination of gold's recent bottom-up golden section and Fibonacci parameter mean square!
As shown in the figure, gold traded at the bottom of the daily level last Friday and today against the 2.000 level ($1960) of the gold split, as well as the 21MA level ($1954. 4) of the daily level, competing for long and short positions! Then, the following time today, just use these two positions as the important points in the day Bitwise operation! Above these two positions, bulls dominate; Below these two positions, bears dominate!
Let's take a look at American crude oil.
What you are now seeing is daily level candle chart of US crude oil. The graph superimposes the recent bottom-up golden section of US crude oil and the Fibonacci parameter mean square combination!
As shown in the figure, US crude oil was suppressed last Friday and today by the recent bottom up gold price of 1.000 ($71.68), supported by the daily level of 21MA ($70.96)! Then, the following time today, just use these two positions as the important points in the day Bitwise operation! Above these two points, bulls dominate; Below these two points, bears dominate!
Let's look at EURUSD.
What you can see now is the daily chart of EURUSD.
The figure superimposes the combination of European and American currencies against the recent bottom of the golden section and Fibonacci parameter mean square!
As shown in the figure, the daily closing of the euro against the US dollar last Friday showed a cross star pattern, which is a standard trading signal! Then, in the future period of this day, take today's opening price (1.09390) as the important Bitwise operation of the day! Above this position, bulls dominate; Under this position, bears dominate!
Finally, let's take a look at GBPUSD.
Now you can see the daily chart of GBPUSD.
The figure superimposes the combination of the recent bottom of the GBPUSD against the golden section and the Fibonacci parameter mean square!
As shown in the figure, the pound US currency has closed at a positive line for four consecutive days, and may retreat at any time! Then in the future, we can continue the previous high opening price of 1.28283 on April 25, 2022 as an important Bitwise operation of the day! Above this point, bulls dominate; Below this point, bears dominate!
Well, the above is a quick inventory of the technical forms of the international mainstream varieties in today's European period!
Special reminder,Today is Monday, and today is Juneteenth, an American legal Bank holiday! Please pay attention to the risks!
Im Older Duan. Wish you happy win . Goodbye!
2023.6.16 Daily European Perspective USDX has plummeted !2023.6.16 Daily European Perspective
USDX has plummeted !
Hello, I'm Older Duan. Today is Friday, June 16 2023.
Now it's 16pm Beijing time.
Let me give you a quick comment on the technical forms of the current international mainstream varieties!
First, what we see is the daily graph of the dollar index.
As shown in the figure, the U.S. Dollar Index broke down yesterday, breaking through the daily line level of 55MA and the top to bottom golden section of 2.382!
Now, let's look at gold.
Now you can see the daily chart of gold.
The figure superimposes the combination of gold's recent bottom-up golden section and Fibonacci parameter mean square!
As shown in the figure, after breaking through the daily level of 144MA yesterday, gold rebounded to the 2.000 level (around $1960) of the bottom up gold split! Then, in the following time today, just use this position as an important point in the day for Bitwise operation! Above this position, bulls dominate; Below this position, bears dominate!
Let's take a look at American crude oil.
What you are now seeing is daily level candle chart of US crude oil. The graph superimposes the recent bottom-up golden section of US crude oil and the Fibonacci parameter mean square combination!
As shown in the figure, US crude oil surged by $3 yesterday, returning above the integer level of $70. Both today and yesterday's highs are close to the daily level of 21MA ($71.09)! Then, in the following time today, just use this position as an important point in the day for Bitwise operation! Above this point, bulls dominate; Below this point, bears dominate!
Let's look at EURUSD.
What you can see now is the daily chart of EURUSD.
The figure superimposes the combination of European and American currencies against the recent bottom of the golden section and Fibonacci parameter mean square!
As shown in the figure, European and American currencies rose sharply against each other yesterday, about to test last month's bearish starting point, which is the opening price on May 11, 2023 (1.09820)! Then this position will be used as the Bitwise operation operation of the important point in the day in the future! Above this position, bulls dominate; Under this position, bears dominate!
Finally, let's take a look at GBPUSD.
Now you can see the daily chart of GBPUSD.
The figure superimposes the combination of the recent bottom of the GBPUSD against the golden section and the Fibonacci parameter mean square!
As shown in the figure, the pound US currency has hit a new high in recent times! Then in the future, the previous opening price of 1.28283, which was opening price on April 25, 2022, can be used as an important Bitwise operation in the day! Above this point, bulls dominate; Below this point, bears dominate!
Well, the above is a quick inventory of the technical forms of the international mainstream varieties in today's European period!
Special reminder,Today is Friday, weekly line will be cloesd tonight! Please pay attention to the risks!!
Im Older Duan. Wish you happy win . Goodbye!
2023.6.15 Daily European Perspective USDX rebounding~2023.6.15 Daily European Perspective
USDX rebounding~
Hello, I'm Older Duan. Today is Thursday, June 15 2023.
Now it's 16pm Beijing time.
Let me give you a quick comment on the technical forms of the current international mainstream varieties!
First, what we see is the daily graph of the dollar index.
As shown in the figure, the U.S. Dollar Index almost stepped back on the daily level of 55MA (102.55) at its lowest point yesterday (102.66), and today it began to rebound!
Now, let's look at gold.
Now you can see the daily chart of gold.
The figure superimposes the combination of gold's recent bottom-up golden section and Fibonacci parameter mean square!
As shown in the figure, gold peaked yesterday and recently bottomed out against the 2.000 level of the gold split (around $1960), accelerating its decline today! Then, the daily line 144MA (US $1931) will be taken as the important Bitwise operation in the day later today! Above this position, bulls dominate; Below this position, bears dominate!
Let's take a look at American crude oil.
What you are now seeing is 4-hour level candle chart of US crude oil. The graph superimposes the recent bottom-up golden section of US crude oil and the Fibonacci parameter mean square combination!
As shown in the figure, US crude oil weakened yesterday, and today its highest point has peaked at 0.618 points (around $68.9) above the recent bottom of the gold split, continuing to be weak! Then, in the following time today, just use this position as an important point in the day for Bitwise operation! Above this point, bulls dominate; Below this point, bears dominate!
Let's look at EURUSD.
What you can see now is the daily chart of EURUSD.
The figure superimposes the combination of European and American currencies against the recent bottom of the golden section and Fibonacci parameter mean square!
As shown in the figure, European and American currencies rose sharply against yesterday, but today they almost completely reversed yesterday's rise! Then in the future, the daily line 144MA (1.07968) will be taken as the important Bitwise operation of the day! Above this position, bulls dominate; Under this position, bears dominate!
Finally, let's take a look at GBPUSD.
Now you can see the daily chart of GBPUSD.
The figure superimposes the combination of the recent bottom of the GBPUSD against the golden section and the Fibonacci parameter mean square!
As shown in the figure, the pound against the US dollar has reached a recent high! Then in the subsequent period of this day, the highest point of 1.26793 on May 10, 2023, which was previously high, can be used as an important Bitwise operation of the day! Above this point, bulls dominate; Below this point, bears dominate!
Well, the above is a quick inventory of the technical forms of the international mainstream varieties in today's European period!
Special reminder,Today is Thursday, and important data such asEEUR Main Refinancing Rate & EUR Monetary Policy Statement, USD Unemployment Claims & USD Retail Sales m/m, and EUR ECB Press Conference will be released tonight! Please pay attention to the risks!
Im Older Duan. Wish you happy win . Goodbye!
2023.6.14 Daily European Perspective GOLD is about to test 19302023.6.14 Daily European Perspective
GOLD is about to test 1930 ?
Hello, I'm Older Duan. Today is Wednesday, June 14 2023.
Now it's 16pm Beijing time.
Let me give you a quick comment on the technical forms of the current international mainstream varieties!
First, what we see is the daily graph of the dollar index.
As shown in the figure, the daily closing line of U.S. Dollar Index returned to below 144MA!
Now, let's look at gold.
Now you can see the daily chart of gold.
The figure superimposes the combination of gold's recent bottom-up golden section and Fibonacci parameter mean square!
As shown in the figure, gold remains relatively weak near the lower edge of the recent oscillation range! Then, in the subsequent period today, we can take today's opening price ($1943.89) as the important point of the day! Above this position, bulls dominate; Below this position, bears dominate!
Let's take a look at American crude oil.
What you are now seeing is 4-hour level candle chart of US crude oil. The graph superimposes the recent bottom-up golden section of US crude oil and the Fibonacci parameter mean square combination!
As shown in the figure, US crude oil rebounded upwards yesterday and today, but still did not return above the integer level of $70! Then, in the following time today, we can take the integer pass of $70 as the important point in the day! Above this point, bulls dominate; Below this point, bears dominate!
Let's look at EURUSD.
What you can see now is the daily chart of EURUSD.
The figure superimposes the combination of European and American currencies against the recent bottom of the golden section and Fibonacci parameter mean square!
As shown in the figure, European and American currencies rose and fell against yesterday, still engaging in long short competition near the daily level of 144MA (1.07952)! Then this position will be used as the important point in the day ! Above this position, bulls dominate; Under this position, bears dominate!
Finally, let's take a look at GBPUSD.
Now you can see the daily chart of GBPUSD.
The figure superimposes the combination of the recent bottom of the GBPUSD against the golden section and the Fibonacci parameter mean square!
As shown in the figure, the pound US dollar showed an engulfed bullish line against yesterday's daily line, completely engulfing the previous day's decline! In the future, the opening price (1.26247) on May 11, 2023 will be taken as the important point of the day! Above this point, bulls dominate; Below this point, bears dominate!
Well, the above is a quick inventory of the technical forms of the international mainstream varieties in today's European period!
Special reminder, today is Wednesday, and tomorrow morning there will be a Federal Reserve interest rate resolution and a speech by Federal Reserve Chairman Powell! Please pay attention to the risks!
Im Older Duan. Wish you happy win . Goodbye!
USOUSD H4 | Rising towards 50% Fibo resistanceUSOUSD is rising into a key resistance level and potentially reverse from here. We could see price move down to our take profit target.
Entry: 70.638
Why we like it:
There is an overlap resistance that aligns with the 50.0% Fibonacci retracement level
Stop Loss: 72.806
Why we like it:
There is an overlap resistance that sits under the 50.0% Fibonacci retracement level
Take Profit: 67.454
Why we like it:
There is an overlap support
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
2023.6.13 Daily European Perspective USDX is weakening again !2023.6.13 Daily European Perspective
USDX is weakening again !
Hello, I'm Older Duan. Today is Tuesday, June 13 2023.
Now it's 16pm Beijing time.
Let me give you a quick comment on the technical forms of the current international mainstream varieties!
First, what we see is the daily graph of the dollar index.
As shown in the figure, the U.S. Dollar Index began to weaken today after reaching its peak of 21MA yesterday and last Friday!
Now, let's look at gold.
Now you can see the daily chart of gold.
The figure superimposes the combination of gold's recent bottom-up golden section and Fibonacci parameter mean square!
As shown in the figure, gold has been competing for three consecutive trading days at the bottom of the daily level, near the 2.000 level (1960 US dollars) of the gold split! Then, in the following time today, just use this position as an important point in the day for Bitwise operation! Above this position, bulls dominate; Below this position, bears dominate!
Let's take a look at American crude oil.
What you are now seeing is 4-hour level candle chart of US crude oil. The graph superimposes the recent bottom-up golden section of US crude oil and the Fibonacci parameter mean square combination!
As shown in the figure, US crude oil continued to decline yesterday, reaching the recent bottom and engaging in a long short battle against the gold split's 0.382 level (around $67.1)! Then, in the following time today, just use this position as an important point in the day for Bitwise operation! Above this point, bulls dominate; Below this point, bears dominate!
Let's look at EURUSD.
What you can see now is the daily chart of EURUSD.
The figure superimposes the combination of European and American currencies against the recent bottom of the golden section and Fibonacci parameter mean square!
As shown in the figure, European and American currencies peaked near the daily line of 144MA (1.07921) yesterday and continued to rise upwards today! Then this position will be used as the Bitwise operation operation of the important point in the day in the future! Above this position, bulls dominate; Under this position, bears dominate!
Finally, let's take a look at GBPUSD.
Now you can see the daily chart of GBPUSD.
The figure superimposes the combination of the recent bottom of the GBPUSD against the golden section and the Fibonacci parameter mean square!
As shown in the figure, although the pound US currency closed negative on the daily trading day yesterday, it is still the most powerful among all non US currencies and precious metals in recent times overall! Then, in the subsequent period of this day, the opening price (1.25792) of yesterday will be taken as the Bitwise operation of the important point in the day! Above this point, bulls dominate; Below this point, bears dominate!
Well, the above is a quick inventory of the technical forms of the international mainstream varieties in today's European period!
Special reminder, today is Tuesday, and tonight there will be a five-star data release for the US CPI! Please pay attention to the risks!
Im Older Duan. Wish you happy win . Goodbye!
2023.6.12 Daily European Perspective Daily peak of USD is 21MA2023.6.12 Daily European Perspective
Daily peak of USD is 21MA
Hello, I'm Older Duan. Today is Monday, June 12 2023.
Now it's 16pm Beijing time.
Let me give you a quick comment on the technical forms of the current international mainstream varieties!
First, what we see is the daily graph of the dollar index.
As shown in the figure, the U.S. Dollar Index tested the daily line 21MA twice last Friday and today!
Now, let's look at gold.
Now you can see the daily chart of gold.
The figure superimposes the combination of gold's recent bottom-up golden section and Fibonacci parameter mean square!
As shown in the figure, gold showed a pattern of long short competition at the bottom of the daily level last Friday and today, near the 2.000 level (1960 US dollars) of the gold split! Then, in the following time today, just use this position as an important point in the day for Bitwise operation! Above this position, bulls dominate; Below this position, bears dominate!
Let's take a look at American crude oil.
What you are now seeing is 4-hour level candle chart of US crude oil. The graph superimposes the recent bottom-up golden section of US crude oil and the Fibonacci parameter mean square combination!
As shown in the figure, US crude oil continued to weaken from last Friday to today, and today's lowest point has already hit the daily level bottom near the 0.618 level (68.9 US dollars) of the gold split! Then, in the following time today, just use this position as an important point in the day for Bitwise operation! Above this point, bulls dominate; Below this point, bears dominate!
Let's look at EURUSD.
What you can see now is the daily chart of EURUSD.
The figure superimposes the combination of European and American currencies against the recent bottom of the golden section and Fibonacci parameter mean square!
As shown in the figure, European and American currencies continued to be weak against last Friday and today, with both lows hitting strong support levels at the daily level of 21MA (1.07423)! Then this position will be used as the Bitwise operation operation of the important point in the day in the future! Above this position, bulls dominate; Under this position, bears dominate!
Finally, let's take a look at GBPUSD.
Now you can see the daily chart of GBPUSD.
The figure superimposes the combination of the recent bottom of the GBPUSD against the golden section and the Fibonacci parameter mean square!
As shown in the figure, the pound to dollar ratio remains the strongest among non US currencies and precious metals! Then in the future, we can use today's opening price (1.25792) as the Bitwise operation of the day! Above this point, bulls dominate; Below this point, bears dominate!
Well, the above is a quick inventory of the technical forms of the international mainstream varieties in today's European period!
Special reminder, today is Monday, and tomorrow there will be a five-star data release for the US CPI! Please pay attention to the risks!
Im Older Duan. Wish you happy win . Goodbye!
2023.9.6 Daily European Perspective USDX has plummeted !2023.9.6 Daily European Perspective
USDX has plummeted !
Hello, I'm Older Duan. Today is Friday, June 9 2023.
Now it's 16pm Beijing time.
Let me give you a quick comment on the technical forms of the current international mainstream varieties!
First, what we see is the daily graph of the dollar index.
As shown in the figure, the U.S. Dollar Index broke through multiple support levels yesterday, and today it returns to the top daily line of 21MA!
Now, let's look at gold.
Now you can see the daily chart of gold.
The figure superimposes the combination of gold's recent bottom-up golden section and Fibonacci parameter mean square!
As shown in the figure, gold completely swallowed the previous day's decline yesterday and returned to the bottom of the daily level, above the 2.000 gold split ($1960) and the 21MA daily level ($1961.6)! Then, the following time today, just use these two positions as the important points in the day Bitwise operation! Above these two positions, bulls dominate; Below these two positions, bears dominate!
Let's take a look at American crude oil.
What you are now seeing is 4-hour level candle chart of US crude oil. The graph superimposes the recent bottom-up golden section of US crude oil and the Fibonacci parameter mean square combination!
As shown in the figure, the lowest point of US crude oil yesterday hit around the recent bottom of 0.618 (68.9 US dollars) against the golden ratio! Then, in the following days today, we will continue to use the daily line level of 21MA ($71.59) as an important Bitwise operation operation! Above this point, bulls dominate; Below this point, bears dominate!
Let's look at EURUSD.
What you can see now is the daily chart of EURUSD.
The figure superimposes the combination of European and American currencies against the recent bottom of the golden section and Fibonacci parameter mean square!
As shown in the figure, European and American currencies have continuously broken levels against each other yesterday, returning to multiple pressure levels. Yesterday and today, their highest points have peaked near the daily line of 144MA (1.07900)! Then this position will be used as the Bitwise operation operation of the important point in the day in the future! Above this position, bulls dominate; Under this position, bears dominate!
Finally, let's take a look at GBPUSD.
Now you can see the daily chart of GBPUSD.
The figure superimposes the combination of the recent bottom of the GBPUSD against the golden section and the Fibonacci parameter mean square!
As shown in the figure, the pound to dollar exchange rate is clearly the strongest among non US currencies and precious metals! Then in the future, we can use today's opening price (1.25573) as the important Bitwise operation of the day! Above this point, bulls dominate; Below this point, bears dominate!
Well, the above is a quick inventory of the technical forms of the international mainstream varieties in today's European period!
Special reminder,Today is Friday, the weekly line will be closed tonight! Please pay attention to the risks!
Im Older Duan. Wish you happy win . Goodbye!
2023.6.8 Daily European Perspective USOil is shaping triangular2023.6.8 Daily European Perspective
USOil is shaping triangular
Hello, I'm Older Duan. Today is Thursday, June 8 2023.
Now it's 16pm Beijing time.
Let me give you a quick comment on the technical forms of the current international mainstream varieties!
First, what we see is the daily graph of the dollar index.
As shown in the figure, today is the eighth day for the U.S. Dollar Index to sort out under pressure!
Now, let's look at gold.
Now you can see the daily chart of gold.
The figure superimposes the combination of gold's recent bottom-up golden section and Fibonacci parameter mean square!
As shown in the figure, gold now shows a standard high point continuously moving downwards, while the low point remains in a horizontal flag shaped oscillation shape! Then, later today, take the 2.000 digits ($1960) from the bottom of the daily line to the top of the golden section as the important Bitwise operation of the day! Above this point, bulls dominate; Below this point, bears dominate!
Let's take a look at American crude oil.
What you are now seeing is 4-hour level candle chart of US crude oil. The graph superimposes the recent bottom-up golden section of US crude oil and the Fibonacci parameter mean square combination!
As shown in the figure, US crude oil is currently competing in the dense range of the four hour moving average! Then, in the future, we will continue to use the daily line level of 21MA ($71.69) as an important Bitwise operation operation in the day! Above this point, bulls dominate; Below this point, bears dominate!
Let's look at EURUSD.
What you can see now is the daily chart of EURUSD.
The figure superimposes the combination of European and American currencies against the recent bottom of the golden section and Fibonacci parameter mean square!
As shown in the figure, in the past three trading days, European and American currencies have shown a large fluctuation pattern of rising high points and decreasing low points against each other! Then, in the future period of this day, take today's opening price (1.07063) as the important Bitwise operation of the day! Above this position, bulls dominate; Under this position, bears dominate!
Finally, let's take a look at GBPUSD.
Now you can see the daily chart of GBPUSD.
The figure superimposes the combination of the recent bottom of the GBPUSD against the golden section and the Fibonacci parameter mean square!
As shown in the figure, the pound US dollar broke through the key position of daily level 55MA (1.24638) yesterday, but did not close on it! Then this position will be used as the Bitwise operation operation of the important point in the day in the future! Above this point, bulls dominate; Below this point, bears dominate!
Well, the above is a quick inventory of the technical forms of the international mainstream varieties in today's European period!
Special reminder, today is Thursday and the weekly line will be closed tomorrow! Please pay attention to the risks!
Im Older Duan. Wish you happy win . Goodbye!
2023.6.7 Daily European Perspective EURUSD is weaker & weaker!2023.6.7 Daily European Perspective
EURUSD is weaker & weaker !
Hello, I'm Older Duan. Today is Wednesday, June 7 2023.
Now it's 16pm Beijing time.
Let me give you a quick comment on the technical forms of the current international mainstream varieties!
First, what we see is the daily graph of the dollar index.
As shown in the figure, the US dollar index continues to be under pressure today, with a weak consolidation trend!
Now, let's look at gold.
Now you can see the daily chart of gold.
The figure superimposes the combination of gold's recent bottom-up golden section and Fibonacci parameter mean square!
As shown in the figure, both yesterday and today's highs of gold were suppressed by the daily level of 21MA (1964.56 US dollars)! So, for the rest of today, just use this position as an important point during the day! Above this point, bulls dominate; Below this point, bears dominate!
Let's take a look at American crude oil.
What you are now seeing is 4-hour level candle chart of US crude oil. The graph superimposes the recent bottom-up golden section of US crude oil and the Fibonacci parameter mean square combination!
As shown in the figure, US crude oil is showing a bearish and weak state today! So, for the rest of today, we will continue to operate at the daily level of 21MA ($71.65) as an important intraday point! Above this point, bulls dominate; Below this point, bears dominate!
Let's look at EURUSD.
What you can see now is the daily chart of EURUSD.
The figure superimposes the combination of European and American currencies against the recent bottom of the golden section and Fibonacci parameter mean square!
As shown in the figure, European and American currencies are showing a significantly weaker trend against today! So for the continuation period today, just use today's opening price (1.06979) as an important point for the day! Above this position, bulls dominate; Under this position, bears dominate!
Finally, let's take a look at GBPUSD.
Now you can see the daily chart of GBPUSD.
The figure superimposes the combination of the recent bottom of the GBPUSD against the golden section and the Fibonacci parameter mean square!
As shown in the figure, the pound US currency tested the key position of daily level 55MA (1.24648) against the US dollar yesterday, and today it is clearly weak! So for the continuation period today, just use the daily line 21MA (1.24261) as an important point for operation during the day! Above this point, bulls dominate; Below this point, bears dominate!
Well, the above is a quick inventory of the technical forms of the international mainstream varieties in today's European period!
Special reminder, Today is Wednesday, and tonight there are two important data quotes at the four star level! Please pay attention to the risks!
Im Older Duan. Wish you happy win . Goodbye!
2023.6.5 Daily European Perspective USDX is strengthening!2023.6.5 Daily European Perspective USDX is strengthening!
Hello, I'm Older Duan. Today is Monday, June 5 2023.
Now it's 16pm Beijing time.
Let me give you a quick comment on the technical forms of the current international mainstream varieties!
First, what we see is the daily graph of the dollar index.
As shown in the figure, the US dollar index started to strengthen again last Friday, and today is the fourth time in recent history that it has tested the strong pressure on the daily line of 165MA (104.39)!
Now, let's look at gold.
Now you can see the daily chart of gold.
The figure superimposes the combination of gold's recent bottom-up golden section and Fibonacci parameter mean square!
As shown in the figure, the decline of gold last Friday and today has swallowed up the increase of last week! So, for the rest of today, the opening price of the previous week's line (1942.7 US dollars) can be used as an important point for intraday operations! Above this point, bulls dominate; Below this point, bears dominate!
Let's take a look at American crude oil.
What you are now seeing is 4-hour level candle chart of US crude oil. The graph superimposes the recent bottom-up golden section of US crude oil and the Fibonacci parameter mean square combination!
As shown in the figure, US crude oil hit a recent high above $74 due to the stimulation of the news! So, for the rest of today, just use the daily level of 55MA (74.35 US dollars) as an important point for intraday operations! Above this point, bulls dominate; Below this point, bears dominate!
Let's look at EURUSD.
What you can see now is the daily chart of EURUSD.
The figure superimposes the combination of European and American currencies against the recent bottom of the golden section and Fibonacci parameter mean square!
As shown in the figure, European and American currencies are currently engaged in a long short battle against the opening price of the first trading day of this month (1.06926)! So for the continuation period today, just use this position as an important point for operation during the day! Above this position, bulls dominate; Under this position, bears dominate!
Finally, let's take a look at GBPUSD.
Now you can see the daily chart of GBPUSD.
The figure superimposes the combination of the recent bottom of the GBPUSD against the golden section and the Fibonacci parameter mean square!
As shown in the figure, the pound US currency is currently engaged in a long short competition near the opening price (1.24034) on the last trading day of last month! So for the continuation period today, just use this position as an important point for operation during the day! Above this point, bulls dominate; Below this point, bears dominate!
Well, the above is a quick inventory of the technical forms of the international mainstream varieties in today's European period!
Special reminder, Today is Monday, and the impact of last Friday's big non agricultural data market will continue until tomorrow! Please pay attention to the risks!
Im Older Duan. Wish you happy win . Goodbye!
2023.6.2 Daily European Perspective GBP is strengthening !2023.6.2 Daily European Perspective
GBP is strengthening !
Hello, I'm Older Duan. Today is Friday, June 2 2023.
Now it's 16pm Beijing time.
Let me give you a quick comment on the technical forms of the current international mainstream varieties!
First, what we see is the daily graph of the dollar index.
As shown in the figure, the US dollar index fell downwards yesterday and returned to below the daily levels of 144MA (103.51) and 377MA (103.55). It is likely that after stepping back on the daily level of 21MA (103.04), it will once again rise upwards!
Now, let's look at gold.
Now you can see the daily chart of gold.
The figure superimposes the combination of gold's recent bottom-up golden section and Fibonacci parameter mean square!
As shown in the figure, gold broke through the daily level of 21MA (1977.3 US dollars) yesterday and today! So, for the rest of today, use this point as an important point for intraday operations! Above this point, bulls dominate; Below this point, bears dominate!
Let's take a look at American crude oil.
What you are now seeing is 4-hour level candle chart of US crude oil. The graph superimposes the recent bottom-up golden section of US crude oil and the Fibonacci parameter mean square combination!
As shown in the figure, US crude oil returned above the integer level of $70 yesterday! So, for the rest of today, just use this position as an important point during the day! Above this point, bulls dominate; Below this point, bears dominate!
Let's look at EURUSD.
What you can see now is the daily chart of EURUSD.
The figure superimposes the combination of European and American currencies against the recent bottom of the golden section and Fibonacci parameter mean square!
As shown in the figure, European and American currencies rebounded against the daily line of 165MA (1.07456) yesterday! So for the continuation period today, just use this position as an important point for operation during the day! Above this position, bulls dominate; Under this position, bears dominate!
Finally, let's take a look at GBPUSD.
Now you can see the daily chart of GBPUSD.
The figure superimposes the combination of the recent bottom of the GBPUSD against the golden section and the Fibonacci parameter mean square!
As shown in the figure, the pound US currency has returned to its recent top position (1.25460) against yesterday and today! So for the continuation period today, just use this position as an important point for operation during the day! Above this point, bulls dominate; Below this point, bears dominate!
Well, the above is a quick inventory of the technical forms of the international mainstream varieties in today's European period!
Special reminder, Today is Friday, the second trading day of June, and there will be a big non agricultural data market tonight! Please pay attention to the risks!
Im Older Duan. Wish you happy win . Goodbye!
2023.6.1 Daily European Perspective USDX is flat2023.6.1 Daily European Perspective
USDX is flat
Hello, I'm Older Duan. Today is Thursday, June 1 2023.
Now it's 16pm Beijing time.
Let me give you a quick comment on the technical forms of the current international mainstream varieties!
First, what we see is the daily graph of the dollar index.
As shown in the figure, the US dollar index has been vying for long and short positions against the 2.000 level (around 104.28) of the gold split at its recent top for several consecutive days!
Now, let's look at gold.
Now you can see the daily chart of gold.
The figure superimposes the combination of gold's recent bottom-up golden section and Fibonacci parameter mean square!
As shown in the figure, gold today swallowed up yesterday's gains and continued to engage in long short competition near the 2.000 level (1960 US dollars) of the gold split at the bottom of the daily level! So, for the rest of today, use this point as an important point for intraday operations! Above this point, bulls dominate; Below this point, bears dominate!
Let's take a look at American crude oil.
What you are now seeing is 4-hour level candle chart of US crude oil. The graph superimposes the recent bottom-up golden section of US crude oil and the Fibonacci parameter mean square combination!
As shown in the figure, the highest point of US crude oil today has peaked at 0.618 points (68.9 US dollars) above the recent bottom of the gold split! So, for the rest of today, just use this position as an important point during the day! Above this point, bulls dominate; Below this point, bears dominate!
Let's look at EURUSD.
What you can see now is the daily chart of EURUSD.
The figure superimposes the combination of European and American currencies against the recent bottom of the golden section and Fibonacci parameter mean square!
As shown in the figure, the European and American currencies rebounded slightly against the recent bottom up gold split of 2.000 (1.06635) yesterday, but continued to weaken today! So for the continuation period today, just use this position as an important point for operation during the day! Above this position, bulls dominate; Under this position, bears dominate!
Finally, let's take a look at GBPUSD.
Now you can see the daily chart of GBPUSD.
The figure superimposes the combination of the recent bottom of the GBPUSD against the golden section and the Fibonacci parameter mean square!
As shown in the figure, the pound US currency hit the daily level of 55MA (1.04530) twice yesterday and the day before yesterday! So for the continuation period today, just use this position as an important point for operation during the day! Above this point, bulls dominate; Below this point, bears dominate!
Well, the above is a quick inventory of the technical forms of the international mainstream varieties in today's European period!
Special reminder, today is Thursday, the first trading day of June. There will be ADP, Unemployment Claims, and EIA data market tonight, and big non agricultural data market tomorrow night! Please pay attention to the risks!
Im Older Duan. Wish you happy win . Goodbye!
USOUSD H4 | Falling to an overlap support?USOUSD is falling towards a key support level and could potentially reverse from here. We could see price bounce up to our take profit target.
Entry: 69.435
Why we like it:
There is an overlap support
Stop Loss: 67.454
Why we like it:
There is an overlap support
Take Profit: 73.466
Why we like it:
There is an overlap resistance that aligns close to the 50.0% Fibonacci retracement
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
Oil set to break its consolidation?Today's focus: Oil
Pattern – Ascending Triangle
Possible targets – Downside 69.73, Upside 76.50
Support – 71.49
Resistance – 74.05
Hi traders, today we’re looking at oil after yesterday’s fast move down that snapped a three-day winning streak. Could this be the start of a move that breaks out of the current ascending triangle pattern? Sellers have some support to beat, and if it holds, it could hold the price in the consolidation until 74.05 is beaten.
We will be watching to see if yesterday’s selling was more than one session and if price could be set to make a new move lower.
Thanks for stopping by. Good trading, and have a great day.
USOUSD rises on reversal USOUSD today on the 15-minute chart dropped on a downtrend outside the Bollinger (lower)
Band (49, ohlc,2) hit a Doji candle and then started the upward retracement. The RSI indicator
shows relative strength hitting a bottom and bouncing up. RSI is about to go over 50. Price
is currently below the high volume area with the POC line aligned with the basis center line
of the Bollinger Bands. The ECHO indicator, a predictive algo tool is for a 2.5 % upward trend
over the next 2-3 days. I see this as a good entry point for a long leveraged forex trade.
USOUSD H4 | Reversal from 50.0% Fibo?USOUSD (WTI) is rising towards a key resistance level and potentially reverse from here. We could see price move down to our take profit target.
Entry: 73.683
Why we like it:
There is an overlap resistance that aligns with the 50.0% Fibonacci retracement
Stop Loss: 75.582
Why we like it:
There is an overlap resistance close to the 61.8% Fibonacci retracement
Take Profit: 70.231
Why we like it:
There is a recent swing-low
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.