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GOLD: UPDATE FORECAST SHORT | PRICE IS FALL LIKE PREDICTED...Hello Everyone, I hope you'll Appreciate our Price action Analysis ! Our strategy is based on Swing trading with price action Analysis and Advanced Fibos tools. Please support our page by hitting the LIKE 👍 button to this Idea and Follow us to get NEW ONE! Feel free to request any pair/instrument analysis or ask any questions in the comment section below. If you like this idea or have your own opinion about it, please write your own in the comment box . We will be glad for this. Have a Good Take Day_Profits !
OANDA:XAUUSDShort
by DAY_PROFITS
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.
Short
by FOREXN1
1
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.”
Short
by FOREXN1
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.”
Short
by FOREXN1
1
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.
Long
by FOREXN1
3
[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 ------------------------->>>>>> ^^^^^^^^ <<<<< Comments and questions are welcomed below, please feel free to ASK anything! 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
Long
by majorlee
1
[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 ------------------------->>>>>> ^^^^^^^^ <<<<< Comments and questions are welcomed below, please feel free to ASK anything! HOW TO TRADE THIS CHART? First like/thumbs up the chart then read below..... 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
WLong
by majorlee
[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 ------------------------->>>>>> ^^^^^^^^ <<<<< Comments and questions are welcomed below, please feel free to ASK anything! 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
COINBASE:BTCUSDLong
by majorlee
4
[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 ------------------------->>>>>> ^^^^^^^^ <<<<< Comments and questions are welcomed below, please feel free to ASK anything! HOW TO TRADE THIS CHART? First like/thumbs up the chart then read below..... 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
SLong
by majorlee
VIP - EURAUD - LONGWhy are we entering? - Price is at channel support - We have previous structure at the channel support area - We are expecting EUR to strengthen for the short to medium term What are we waiting for to happen? - Waiting for one 4H candle to signal bullish pressure - EUR index to reject structure level What is our confirmation? - 4H bullish candle - lower timeframe trendline break Once entered, where will our Stoploss be? - Below the channel and structure level 1.559 Where do we take profits? - First TP previous high 1.587 - Next TP channel resistance
by WicktatorFX
18
VIP - EURAUD - LONGWhy are we entering? - Price is at channel support - We have previous structure at the channel support area - We are expecting EUR to strengthen for the short to medium term What are we waiting for to happen? - Waiting for one 4H candle to signal bullish pressure - EUR index to reject structure level What is our confirmation? - 4H bullish candle - lower timeframe trendline break Once entered, where will our Stoploss be? - Below the channel and structure level 1.559 Where do we take profits? - First TP previous high 1.587 - Next TP channel resistance
by WicktatorFX
7
NZD/USD: ALL TAKE PROFITS TAKEN ON BULLISH PATTERN - LONG 🔔RIGHT PREDICTION and TAKE PROFITS REACHED 🔥🔥🔥 Welcome back Traders, Investors, and Community! Check the Links on BIO and If you LIKE this analysis, Please support our page by hitting the LIKE👍 button Traders, if you like this idea or have your own opinion about it, please write your own in the comment box . We will be glad for this. Feel free to request any pair/instrument analysis or ask any questions in the comment section below. Have a Good trading day!
Long
by FOREXN1
5