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XAUUSD Gold price movements tend to decreaseGold edged lower to $2,330 per ounce on Wednesday, as the US dollar stabilized ahead of May’s US jobs report expected later this week. The US nonfarm payrolls will be closely watched as investors seek cues on the potential timing of the Fed rate-cut 🔴SELL GOLD: 2348 - 2350, SL: 2354 🟢BUY GOLD: 2307 - 2305, SL: 2301 Breakout & retest: 📉Breaking and closing on: 2338 - 2354 - 2360 📈 Break and close below: 2322 - 2315 - 2306 -2300 🔼Support: 2322 - 2315 - 2305 🔽Resistance: 2338 - 2348 - 2354 - 2360 - 2374 GOOD LUCK EVERYONE👍
OANDA:XAUUSDShort
by Scalper_Ananda
GOLD SELL | Idea Trading AnalysisGOLD moving higher as it tests the strong resistance level.. is near the resistance, where price dropped before. We expect a bearish move from the confluence zone. Hello Traders, here is the full analysis. I think we can soon see more fall from this range! GOOD LUCK! Great SELL opportunity EURUSD I still did my best and this is the most likely count for me at the moment. ------------------- Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 🤝
TVC:GOLDShort
by TheGrove
2
GBPUSD → Trade Analysis | SELL SetupGBPUSD is trading near the lower boundary of the descending channel. The price has fallen under the dynamic support, which now acts as resistance. We expect the decline to continue after testing the lower boundary of the channel. Hello Traders, here is the full analysis. I think we can soon see more fall from this range! GOOD LUCK! Great SELL opportunity GBPUSD I still did my best and this is the most likely count for me at the moment. ------------------- Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 🤝
Short
by TheGrove
15
BTCUSDT , chart analysis There is no doubt that we have long passed the downward phase. Some people do not know trend lines and prices at all and use fake professional channels to deceive people. Go learn the trend lines first, then come and say with confidence that Bitcoin will reach HKEX:12 ,000. I don't have any channel, I only give private training and professional signals to a few people because I am not a scammer. Be sure that the one who doesn't get money from this market should create a channel, otherwise he won't have time to teach so much. Of course, not everyone is like this, but most of the channels extort money. Bitcoin is in an uptrend. Please learn the process, then channel and empty people's pockets with wrong teachings. I don't like a self-confident illiterate commenting on my posts.
by Baharmostofi
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
Bitcoin turned against the tide | LONG SCENARIO 🔔BTC is holding at $38K for the second day in a row, remaining 12% below the levels it reached a week earlier. Ethereum lost 1.3% over the past day, other leading altcoins from the top ten are moving in the range between +1% (BNB) to -4% (XRP). According to CoinMarketCap, the total capitalization of the crypto market decreased by 0.2% over the day, to $1.71 trillion. The Bitcoin Dominance Index added 0.1% to 42.4%. The Fear and Greed Cryptocurrency Index lost 2 points to 21 in a day and remains in a state of “extreme fear”. Bitcoin has started this week with a drawdown along with a decline in all risky assets on reports of intensified hostilities in Ukraine. In the middle of the day, BTC managed to turn against the tide, winning back the initial failure, despite the decline in stock indices. US discussed the possibility of a ban on Russian oil imports, which could lead to a jump in energy prices and slow economic growth. Big players are piling up USDT during the decline of bitcoin in order to probably buy the first cryptocurrency at a lower price, according to Sentiment. Including, according to Whale Alert, a wallet with 407 BTC “woke up”, which has not been active since 2013. It may well expect big deals from him in the near future. One of the founders of Apple, Steve Wozniak, said that most crypto assets are robbery and fraud. However, he has always admired bitcoin and called it in 2020 a “unique mathematical marvel”, but specified that he wasn't planning to invest in BTC.
COINBASE:BTCUSDLong
by FOREXN1
AUD/USD: Options market turns most bearish in three weeks 🔔One-month risk reversal (RR) of AUD/USD, a gauge of calls to puts, drops the most since February 14 on daily basis, per data source Reuters. That said, the spread between call and put options prints -0.287 level by the press time of early Tuesday morning in Europe. Not only the daily print but the fifth consecutive negative weekly print also portrays the market’s bearish bias over the AUD/USD. That said, the latest print of weekly RR is -0.175. Given the AUD/USD pair’s risk-barometer status, the escalation in the Ukraine- Russia tussles seems to favor the options bears. The pair’s latest performance also justifies the negative RR as AUD/USD renews intraday low around 0.7275 by the press time, down 0.50% on a day. That said, a speech from RBA Governor Philip Lowe, during late Tuesday, acts as a nearby catalyst for the pair traders to watch.
Short
by FOREXN1
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
NZD/USD : HARMONICS ANALYSIS + FUNDAMENTALS | SHORT VIEWNZD/USD eyes to fill day-start gap to the south, posted the biggest weekly jump since October 2021. Markets sentiment remains sour as Russian invasion of Ukraine continues, US eyes banning oil & gas import from Moscow. Upbeat prices of commodities help Kiwi to battle firmer greenback, US jobs report came in upbeat for February. No major data/events on the calendar, geopolitical headlines to keep the driver’s seat. NZD/USD bulls poked January’s high during the five-week uptrend by the end of Friday, picking up bids to fill the week-start trading gap around 0.6850 amid early Monday morning in Asia. The Kiwi pair’s latest gains could be linked to the increasing price pressure and the Reserve Bank of New Zealand’s (RBNZ) hawkish performance. On the contrary, the market’s rush to the US dollar, in search of risk-safety due to the Russia-Ukraine crisis, tests the pair buyers. While observing major central banks, the Fed and the RBNZ are the only two that are clearer in their future moves and have more hawkish signals to spread than any other counterparts, which in turn keeps the NZD/USD bulls hopeful. On the same line are statements from the ANZ saying, “Although the most striking gains have been seen in oil, food commodity prices are following, and that’s seen both the NZD and AUD diverge from EUR and GBP, which have suffered in the face of apparent USD strength.” Elsewhere, the evacuation of Ukrainian civilians is jittery during the weekend as Russian forces kept marching towards Kyiv. Recently, the Moscow-led militaries blew an airport in central Ukraine while Friday’s threat over nuclear facilities was the biggest. The West tries to tame Moscow’s moves with more sanctions with the latest discussions on banning energy imports. However, Russian President Vladimir Putin remains determined to complete the “operation” and demands Ukraine’s complete surrender for peace. It’s worth noting that Friday’s upbeat US jobs report for February and comments favoring future rate increases by the Fed, from Chicago Fed President and FOMC member Charles Evans, added to the US dollar’s strength. Amid these plays, Wall Street closed in the red and the US 10-year Treasury yields also posted the biggest weekly loss since mid-2020. Looking forward, this week’s US inflation data will be crucial to watch amid a light calendar and silent period for the Fed speakers. Above all, headlines concerning Russia and Ukraine will be crucial.
by FOREXN1
2
XAU/USD risks a correction before next upswing kicks above $ 2KGold price has quickly pulled back from 19-month highs above the $2,000 mark. The Ukraine crisis intensifies as the West plans a ban on Russian oil imports. Overbought conditions on the 4H chart warrant cautious for gold bulls, uptrend still intact. Gold price has shot through the roof in a bid to retest the $2,000 level, extending its last week uptrend. Gold bulls appear unstoppable, as a flight to safety continues to remain the main market motor amid escalating Russia-Ukraine crisis. Russia’s resolve to invade Ukraine gets entrenched deeper at the start of a new week so does the West’s commitment to isolate Russia and stop the war. The US and its NATO allies are weighing in a ban on the Russian oil imports, aimed at crippling the latter’s economy and isolating it from the rest of the world. This has quickened the pace of the oil rally, as the prices of both the US and the UK oil reached the highest levels since 2008. The oil shock aggravated global recession fears, prompting investors to seek safety in the traditional safe-haven gold. Although investors remain cautious, given the extent of the gold price rally, as profit-taking could pick up pace on reports that the Russian military is said to hold fire and open humanitarian corridors in several Ukrainian cities at 0700 GMT on Monday, per Interfax. Further, the Western pressure on Russia could lead the latter to hold another round of ‘peace talks’, offering some temporary relief to gold bears. The hawkish Fed’s expectations, in the wake of the US Nonfarm Payrolls blowout, could also act as a trigger for the additional pullback in the bright metal. Meanwhile, the economic calendar remains sparse at the start of this week, leaving gold price at the mercy of the risk trends and the developments surrounding the Ukraine crisis. Gold price, however, could see an extension of the ongoing corrective downside, as the Relative Strength Index (RSI) on the said time frame is trading well within the overbought territory, currently at 77.20. Further retracement in gold price will call for a test of the previous month’s high of $1,975, below which the $1,950 psychological barrier could come into play. The next relevant downside target is seen at the upward-sloping 21-Simple Moving Average (SMA) at $1,946. Should the buyers regain poise, then gold price could recapture the $2,000 threshold, above which the triangle pattern target will be on their radars.
OANDA:XAUUSDShort
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
RUSSEL 2000: DOWNTREND | PRICE ACTION IN BEARISH CHANNEL| SHORT Bigger isn't always better. Case in point: Lots of trading desks are locked in on the dramatic underperformance of the small-cap Russell 2000 Index amid the bounce-back in broader stocks from the late January lows. The Russell 2000 — which is often viewed a proxy for the strength (or lack thereof) of the domestic economy — is down 10.5% this year compared to a 6% drop for the S&P 500 and 3.6% decline for the Dow Jones Industrial Average. The Russell 2000 has lagged the S&P 500 by 25 percentage points in the past 12 months, its worst 12-month relative return since 1999, notes Goldman Sachs' David Kostin. "Decelerating GDP growth has been one headwind to the cyclical small-cap index. During the last 20 years, small-caps have lagged on average in periods when the yield curve was flattening, economic growth was strong but decelerating, or financial conditions were tightening," Kostin says. Traders are now trying to determine whether the weakness in the Russell 2000 suggests another pullback in the markets is in the offing. After all, larger cap stocks are exposed to the same things (tightening financial conditions, higher interest rates, inflation, etc.) as smaller companies. "The small cap Russell 2000 has been a “canary in the coal mine” for stocks for much of the past year — first warning softly as small cap momentum peaked along with other areas of euphoric sentiment in 1Q21 even as large caps continued to rise, and then more urgently as its breakdown from a year long range led the broader market lower. As stocks bounce from their January slide, though, small caps have shown signs of sputtering below their prior support. Floors can often become resistant when broken, and with the Russell 2000’s recent track record as a leading indicator for broader market weakness, we will be watching the reaction to this level closely. Failure would suggest further correction in stocks lies ahead, while a break above could indicate stabilization," explains Evercore ISI's Julian Emanuel. Of course, the Russell 2000 sucking wind could mean absolutely nothing to the S&P 500's next big move. No analysis is fool proof. Just file this under your "Things to Watch List," especially as the bulls begin to resurface and blow their normal smoke in your face. Now go forth and conquer in what will be another mentally draining week of corporate earnings. Happy trading!
UShort
by FOREXN1
3