GBP/USD : Potential SELL 🔴(Update)Just Updating the chart : Potential SELL 🔴
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👤 Arman Shaban : @ArmanShabanTrading
📅 06.03.2022
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GBP/USD : Potential SELL 🔴(Update)Just Updating the chart : Potential SELL 🔴
Follow us for more analysis & Feel free to ask any questions you have, we are here to help.
⚠️ This Analysis will be updated ...
👤 Arman Shaban : @ArmanShabanTrading
📅 06.02.2022
⚠️(DYOR)
❤️ If you apperciate my work , Please like and comment , It Keeps me motivated to do better ❤️
BTC Movement in Daily Timeframe Can Touch 47K !!!This is my first idea in trading view 4/22/2022
after 24Day price reduction I think we should have another pump to 47K
before that we able to touch 35K !!!
as you can see technically price after losing 43K ,now Price can break out long channel (Blue Channel) that made in 22Jan2022 to 35K easily.
we have another big Dynamic resistance (Shown with red color ) in 40K after break 40K price can touch 47K again .
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EUR/USD:FUNDAMENTALS INFOS+TECHNICAL PROJECTON | LONG SETUP 🔔EUR/USD bulls step it up from daily support, testing 1.0900, French elections in focus
EUR/USD is on the front foot to start the week, testing 1.09 territories.
The French elections have kicked started bulls into gear.
French President Emmanuel Macron is leading in the polls of the last round of the presidential elections.
EUR/USD is testing the 1.09 area at the start of the week following a recovery from the lows on Friday near 1.0840. The price rallied to a high of 1.0919 in the open as markets are relieved that the incumbent French President Emmanuel Macron is leading in the polls of the presidential elections.
French elections: Macron leads 54% to le Pen 46%, EUR likes it
''I'm ready to invent something new to gather diverse convictions and views in order to build with them a joint action," he said. He vowed to "implement the project of progress, of French and European openness and independence we have advocated for."
Meanwhile, the US dollar index on Friday posted its largest weekly percentage gain in a month. The focus has been on a more aggressive pace of Federal Reserve tightening to curb soaring inflation which is taking a momentary backseat to the elections on Monday.
The index had advanced to 100 for the first time in nearly two years, reaching as high as 100.19, the best level since May 2020. It was last little changed on the day at 99.822, and up 1.3% on the week, although the news of the election has sent the index on the back foot to 99.62 the lows for today so far.
Looking ahead for the week, the European Central Bank will be in focus.'' We expect a dramatic shift from the ECB, with the announcement of an early end to QE (in May) and setting the groundwork (but not quite committing to) a June hike via a change to its forward guidance (yet again),'' analysts at TD Securities explained.
''Inflation has jumped well above where the ECB thought it would be just one month ago, and the ECB has said it would adjust the APP to reflect major shocks.''
NZD/USD: FUNDAMENTAL INFO + TECHNICAL FORECAST | SHORT 🔔NZD/USD Price Analysis: Crucial resistance of 0.7000, downside looks likely
Confluence of psychological resistance of 0.7000 indicates the strength of bears.
Kiwi bulls have surrendered their establishment above 61.8% Fibo retracement.
The momentum oscillator RSI (14) seems losing its momentum after dropping below 60.00.
The NZD/USD pair has displayed multiple failed attempts while practicing an establishment above 0.7000. The pair have witnessed an extreme responsive selling from the market participants on Tuesday, which has dragged the kiwi bulls below 0.6950. In the early Asian session, the asset is performing subdued and is expected to extend losses after slipping below Wednesday’s low at 0.6933.
On a daily scale, NZD/USD has formed a ‘Gravestone Doji’ candlestick pattern, which signals a failed attempt by the bulls on driving the asset to fresh highs. The pair has failed to breach its old recurring barricade of 0.7000, which has also been encountered consecutively in the last two weeks. Apart from that, the kiwi bulls have lost their establishment above 61.8% Fibonacci retracement (placed from 21 October 2021 high at 0.7219 to 28 January low at 0.6529) at 0.6956. However, the trendline placed from the 28 January low at 0.6529 will continue to act as major support going forward.
EUR/USD:FUNDAMENTALS+TECHNICAL VIEW | SHORT SETUP 🔔EUR/USD Looks Increasingly Vulnerable To A Decline.
EUR/USD fell on Monday as fresh claims of Russian war crimes in Ukraine led to increased speculation of more punitive sanctions against Russia. The news, combined with other developments over the weekend, dented hopes of a possible de-escalation in the war last week.
Added downward pressure on the euro also came from firmer-than-expected US factory order data for February on what was a light day in terms of economic data. ECB Governing Council member Vasle, who hinted the ECB could raise interest rates by this year, lent little support to the euro in the current environment.
The dip back below 1.10 is not just of psychological importance but also represents a break to the downside in the rising wedge pattern that has developed in recent weeks. This could be a prelude to continuing EUR/USD’s downtrend.
This increases the probability that EUR/USD experiences a downside break of the longer-term symmetrical triangle pattern that has developed over recent years. Such a move could lead to an even more significant fall. EUR/USD tested the bottom end of this pattern on Mar. 8, before traders bid the pair higher.
Geopolitical factors are unsurprisingly the driver of EUR/USD for the moment. Still, a host of ECB and Fed speakers this week could easily tilt the scales for the euro as much as Ukraine. Economic data could play an equally significant role as traders try to assess the impact of recent events on the euro area economy.
The final March services PMI for the euro area is due for release on Tuesday and is likely to get more attention than usual in a relatively quiet week for data. The preliminary PMI dropped to 54.80 from 55.0 in April. More importance is likely to be placed on the release of the March Federal Reserve minutes on Wednesday, which is expected to outline the central bank’s plans for balance sheet reduction.
A break above the 1.117 region in the coming days could lead to a more positive shift sentiment around the pair, but for the time being, the risks for EUR/USD looks increasingly tilted to the downside in terms of risk and reward.
GOLD:FUNDAMENTAL INFOS+TECHNICAL OUTLOOK | SHORT SETUP 🔔Bearish wedge suggests more pain for gold bulls
“The US Core PCE price index is due for release later on Thursday. Hotter inflation is likely to seal in a 50-basis points May Fed rate hike. Although concerns over a potential recession, in the face of the recent yield curve inversion and aggressive Fed’s tightening could have a major impact on the dollar and gold valuations.”
“Gold price has confirmed a bearish wedge formation on the four-hour chart. If the bearish momentum extends, XAU/USD could fall further towards the $1,900 mark, below which a test of the March 29 lows of $1,890 will be inevitable.”
GOLD: UPDATE FORECAST SHORT | PRICE IS FALL LIKE PREDICTED...Hello Everyone, I hope you'll Appreciate our Price action Analysis !
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EUR/USD : FUNDAMENTAL NEWS + PRICE ACTION FORECAST | SHORT SETUPEUR/USD takes a respite at the edge of 1.08 the figure, traders are watching oil prices.
EUR/USD now depends on where the price of oil goes next.
The Fed and ECB divergence is priced in but the ECB will be a key event this week.
EUR/USD is down some 0.45% on the day but the euro is attempting to recover in an accumulation of the latest daily bearish sell-off. EUR/USD positioning inched higher in the week ending 1 March, despite mounting pressure on European currencies on the back of the Russia-Ukraine conflict. However, a long squeeze of those positions would be expected in the next report, underlying the potential longevity of weakness in the euro for the foreseeable future.
The Russian invasion of Ukraine and questions about Europe’s energy security will be a key theme for the European Central Bank this week as the war in Ukraine has made the economic outlook for the eurozone extremely uncertain. No changes are to be expected at the meeting, although some would have expected them a few weeks ago.
The economic implications for the eurozone due to the war will require the ECB to maintain maximum flexibility for its road to normalisation. There may be mention that should everything goes well, net asset purchases can still end in the third quarter. With that being said, there is no telling what the road ahead will be like in what is a very fluid situation. The divergence between the ECB and Federal Reserve is favouring the greenback which leaves 1.0800 vulnerable.
The week is absent of Fed speakers due to the media embargo ahead of next week’s FOMC meeting, but the market is fully priced for a 25 bp hike on March 16 as the start of the tightening cycle. ''Looking ahead, 150 bp of tightening is priced in over the next 12 months, followed by another 25 bp in the following 12 months that would see the Fed Funds rate peak near 1.75%,'' analysts at Brown Brothers Harriman said.
''We continue to believe that the terminal rate will have to be much higher than this, but the Ukraine crisis has pushed Fed tightening expectations lower. January consumer credit is the only US data report today and is expected at $24.5 bln vs. $18.9 bln in December.''
Euro traders are glued to the price of oil
Meanwhile, markets are fixated on the price of oil which is a driver for risk in the forex space and the euro has been suffering for it given the eurozone dependency on Russian oil, coal & gas. However, the EU has agreed to phase out dependency on Russian energy according to an EU draft statement from a summit. The Biden administration is also willing to move ahead with a ban on Russian oil imports into the United States even without the participation of allies in Europe. US oil is currently trading at $120bbls.
The consensus is that the higher prices pose less threat to the Us than it does to the Eurozone. While Russian crude represents only 3% of domestic energy imports, for Europe, Russia is a key provider. Russia provides 25% of the EU's crude and 40% of its natural gas.
EUR/USD: Next bearish targets aligns at 1.0750 and 1.0650 🔔EUR/USD fell back to its lowest levels on Monday since the first phase of the COVID-19 crisis in early 2020. As economists at MUFG Bank note, energy price shock keeps risks titled to downside.
Gas prices surge higher in Europe
“The price of natural gas in Europe has already surged higher by almost 200% since the Ukraine conflict started creating a significant headwind for growth in the eurozone. The weakening growth outlook for the eurozone economy is already reflected by the weaker euro.”
“The next key support levels come in around 1.0750 and then 1.0650 with risks remaining titled to the downside for the pair.”
USD/JPY: Further losses seen below 114.40 | Short Setup 🔔Extra decline in USD/JPY is likely on a breakdown of the 114.40 region in the near term, noted FX Strategists at UOB Group.
Key Quotes
24-hour view: “USD dropped to 114.63 last Friday before rebounding to close at 114.78 (-0.59%). Despite the rebound, the risk appears to be tilted to the downside. That said, any USD weakness is expected to face solid support at 114.40. Resistance is at 115.05 followed by 115.25.”
Next 1-3 weeks: “Our view from last Thursday (03 Mar, spot at 115.55) where USD could rise to 115.90 was invalidated as USD dropped below our ‘strong support’ level at 115.00 (low of 114.63). Downward momentum is beginning to build but USD has to close below the major support at 114.40 before further weakness is likely (next support is at 114.00). The chance for USD to close below 114.40 is not high for now but would remain intact as long as USD does not move above 115.40 within these few days.”
EUR/USD:PRICE ACTION ANALYSIS+FUNDAMENTALS | PRICE MAY REBOUND🔔EUR/USD has dropped to its weakest level since May 2020 at 1.0820 at the start of the week but the pair has managed to stage a modest rebound heading into the European session. In the current market environment, however, the shared currency is unlikely to find enough demand to kick start an extended recovery against the greenback.
Ukrainian authorities said over the weekend that civilians died in the suburb of Irpin when the Russian military ignored the ceasefire and hit an evacuation point. Meanwhile, the UK's Ministry of Defense said early Monday that Russia was probably targeting Ukraine's communications infrastructure to limit citizens' access to reliable news. Finally, the General Staff of the Armed Forces of Ukraine noted in a statement that Russia was accumulating resources to attack Kyiv.
There won't be any high-impact data releases in the economic docket on Monday and geopolitical headlines are likely to continue to dominate the market action.
Since the beginning of the war, the greenback has preserved its safe-haven status with the US Dollar Index surging to its strongest level in 22 months near 99.00 on Monday. Sadly, the latest developments suggest that a de-escalation of the crisis is nowhere near in sight and EUR/USD should remain on the back foot with the dollar holding its ground.
In addition to the risk aversion, renewed expectations for a dovish shift in the European Central Bank's (ECB) policy outlook also weigh on the euro. According to a recently conducted Reuters poll, the ECB is widely expected to wait until the last months of 2022 before hiking its policy rate. "Of the 33 of 45 respondents who expected the deposit rate to rise from a record low of -0.50% this year, 18 saw it at -0.25% at year-end, nine had it lower than that and six saw it higher, Reuters wrote.
[TRX/BTC] Tron vs Bitcoin Inverse H&S - Long [BTFD-VIP]Greetings members and guests PLEASE hit the Thumbs Up button on the right to show some support and love ------------------------->>>>>> ^^^^^^^^ <<<<<
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HOW TO TRADE THIS CHART?
First like/thumbs up the chart then read below.....
Tron has seen significant strength and gains with its popularity amongst the crypto community
Due to this its formed an inverse H&S and about to break the neck line which means a buy signal for this coin/pair
Indicators are showing bullish signs, we just came out of overbought last week and plenty of momentum to carry on up as the market gains more confidence
Purple lines are the resistances/targets at 430, 499, 586 & 745 Sats
Stop Loss is at 342 (just under right shoulder)
Looking to enter around 372-380, we're pretty sure bitcoin market can bring price down again to a good entry point
use no more than 2% of your total account
disclaimer: this is for entertainment purposes only and not be considered trade advice
[WAVES/USD] Another WAVES up or WAVES down? [BTFD-VIP]Greetings members and guests PLEASE hit the Thumbs Up button on the right to show some support and love ------------------------->>>>>> ^^^^^^^^ <<<<<
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HOW TO TRADE THIS CHART?
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We have been watching and trading WAVES in the VIP group in the last weeks and has been vastly profitable due to its adoption and ability to access the dex from iPhones and androids phones.
Its certainly a viable alternative to ETH and other coins and would like to see it do well, i can see WAVES above $100 in next 2-5 years so getting a few K could be a very smart move, the smartest move was when under $1 but if it can come back down to the $2.5 area i would be happy to fill me bags aiming for $4.6 for the first target, $6.7 for the second and thirdly $7.8 and higher!
it may not come down so low as currently its on support from a regressed trend line from the previous channel, aggressively we could enter from around here (low $3.2 area) if looking for the long to mid term hodl, this seems pretty safe...
IF WAVES breaks this trend support we could see it fall to low $2 area
disclaimer: this is for entertainment purposes only and not be considered trade advice
[BTC/USD] Bitcoins possible bullish run to $4k+ [BTFD-VIP]Greetings members and guests PLEASE hit the Thumbs Up button on the right to show some support and love ------------------------->>>>>> ^^^^^^^^ <<<<<
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HOW TO TRADE THIS CHART?
First like/thumbs up the chart then read below.....
Bitcon on the daily chart looking bullish and we have some possible targets in the next week or so to come
price has held above the 38.2% fib level as support and looking to move up towards $4k+
lots of good fundamentals as well as technical, CoP bullish, RSI and SToch point towards more gains
of course we need to see good momentum for this to pull off as volume has been lacking
Buy in below 3600
targets of 3800, 4000, 4200 and 4400 are possible
SL at 3450
good trades peeps!
this will be a short-mid term trade continuing with the current uptrend
use no more than 2% of your total account
disclaimer: this is for entertainment purposes only and not be considered trade advice
[XLM/BTC] Making 2019 a "Stellar" Year! Weekly TF [BTFD-VIP]Greetings members and guests PLEASE hit the Thumbs Up button on the right to show some support and love ------------------------->>>>>> ^^^^^^^^ <<<<<
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HAPPY NEW YEAR FOLKS
hope its bringing you lots of awesome profits already....
Stellar Lumens (#XLM/#STR) is under our watchlist again and the weekly chart is showing some good analytics as we move into 2019
We are looking to buy into #XLM/#STR for some solid gains
RSI is perfectly placed low down aiming towards higher price action
Aiming from around 2500sats as an aggressive buy going down to around 2200-2300 for more cautious traders who are happy to wait it out a bit longer, a big push down on BTC price could see 2130 tested but if so will also invalidate any potential gains
this is a mid term trade/Hodl with a very loose entry but solid exits
targets for profits are as follows...
TP1: 3680
TP2: 4640
TP3: 6200+
Use a 10-15% Stop Loss from wherever you made your entry from
disclaimer: this is for entertainment purposes only and not be considered trade advice