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Gold, Further Short on the cardGold started a recent descending channel from 1947.555 since the FOMC press conference on 20th September 2023. Price could be expected to retest the Daily EMA 200 and 4hr EMA-20 before possibly swinging down to challenge the low since 21st August at 1885. The DXY could also further grow to 109 and ultimately to 113 as i mentioned in my last DXY idea publication. This can potentially bring a negative fundamental to GOLD and so watch out.
OANDA:XAUUSDShort
by AbeikuGlobal_FX
10
ZLSMA Indicator predictions : Bullish🚀n the ever-evolving world of cryptocurrency trading, staying ahead of market trends is crucial. The Zero Lag Simple Moving Average (ZLSMA) indicator has emerged as a remarkable tool known for its ability to predict trend changes, particularly in identifying bullish trends. In this post, we'll delve into the exceptional predictive power of the ZLSMA indicator, focusing on its third signal, which often heralds the onset of a bullish trend. Deciphering the ZLSMA Indicator: The Zero Lag Simple Moving Average (ZLSMA) is a modified version of the traditional Simple Moving Average (SMA). What truly sets the ZLSMA apart is its minimal lag, allowing it to respond swiftly to price changes and provide early signals. The Third Signal: A Bullish Transformation The ZLSMA indicator typically offers three primary signals. The third signal, often the most powerful, indicates a shift in the market sentiment towards a bullish trend. Strengths of the ZLSMA Indicator: Reduced Lag: Unlike conventional SMAs, the ZLSMA minimizes lag, ensuring that you receive timely signals when a trend change is imminent. Enhanced Accuracy: Its rapid response to price movements enhances the accuracy of trend identification. Early Bullish Signals: The third signal of the ZLSMA indicator is particularly notable for its ability to identify the beginning of a bullish trend. How to Leverage the ZLSMA Indicator: Confirmation: Always combine the ZLSMA signal with other technical and fundamental analysis for confirmation. Risk Management: Implement sound risk management strategies to protect your investments. Continuous Learning: Stay updated with the latest market developments and continuously refine your trading approach. In conclusion, the Zero Lag Simple Moving Average (ZLSMA) indicator's third signal is a potent predictor of bullish trend changes. While it's a valuable tool, prudent traders combine it with other analysis methods and manage risk effectively. By understanding and utilizing the power of the ZLSMA indicator, you can enhance your cryptocurrency trading strategy and capture bullish trends with confidence. 📊💹 ❗See related ideas below❗ Like, share, and share your thoughts in the comments! Your engagement fuels our crypto discussions. 💚🚀💚
INDEX:BTCUSDLong
by Yaroslav_Krasko
2
Hellena | EUR/USD (4H): Short to 61.8% -78.6% Fibo lvl`s.Dear Colleagues. Attention! At the moment, the most important thing is to determine when wave 5 will end. Very soon I expect a strong reversal and the beginning of an upward movement. Now I assume that the price will reverse in the range of 61.8% -78.6% Fibonacci extension levels (1.05536 - 1.06259). Carefully follow the forecast update, the reversal can happen at any moment! Manage your capital correctly and competently! Only enter trades based on reliable patterns!
Short
by Hellena_Trade
53
Hellena | GBP/USD (4H): Short to 61.8% -78.6% Fibo extension.Dear Colleagues. Attention! At the moment, the most important thing is to determine when wave 5 will end. Very soon I expect a strong reversal and the beginning of an upward movement. Now I assume that the price will reverse in the range of 61.8% -78.6% Fibonacci extension levels (1.23650 - 1.23156). Carefully follow the forecast update, the reversal can happen at any moment! Manage your capital correctly and competently! Only enter trades based on reliable patterns!
Short
by Hellena_Trade
9
GOLD, to continue the bearish waveLast Thursday, gold price attempted to make a correction towards the $1930 PER ounce but was quickly rejected by the EMA-200/100 on the 4Hr time frame at $1929.814 which signifies that the bears are still in control in that region. Last Friday, the price declines to 1919.085 at the time of market closure whereby the last two 4Hr candles closed below the trendline support that has been holding the bulls since 21st August 2023. As long as the candles are closing below that trendline support signals the potential continuation of the bears movement down to the next significant level (1903). Important news coming up this week which can alter the direction of the gold market so keep your eyes on the news on Wednesday to Friday. DXY has for the next consecutive 8 weeks been a bullish swing that could put more selling pressure on gold. Wednesday: CPI Thursday: PPI, retail sales and unemployment claims Friday: Empire State Manufacturing Index and Prelim UoM Consumer Sentiment. Resistance: 1925 Support: 1907, 1903, 1896
OANDA:XAUUSDShort
by AbeikuGlobal_FX
1