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Xauusd-strategy

USDJPY: Will the NFP Halt the Dollar?The USD/JPY moves between sustained bullish momentum and possible technical corrections: the Bank of Japan’s decision to keep rates unchanged temporarily strengthened the Yen, pushing the pair below 153, but post-election political uncertainty limits any lasting appreciation of the Japanese currency. Conversely, the US dollar continues to benefit from a favorable economic backdrop, bolstered by a strong labor market and the potential for a gradual Fed approach in the future. Imminent economic data, such as consumer confidence and JOLTS job openings, could confirm the US recovery, further boosting Treasury yields and the dollar. From a technical perspective, the trend remains bullish, with key resistance levels at 153.90 and 155.10, while a correction toward supports at 151.95 and 149.50 might indicate a pause or reversal of the trend.
Long
by Forex48_TradingAcademy
1
XAUUSD: Big Swing Buy Coming Up Worth 2200+ PIPS! Dear Traders, Gold rejected at $2450 and dropped more than 1200+ pips, indicating a strong bearish takeover. Still we expect the same to continue, as bearish momentum is so strong that price ranged between 2330-2340 area for a long period on Friday. Which suggested that bears large number of volume Is still there in the market. Going forward, we can expect price of Gold to drop around 2280-2290 this key level remain strong for buyers. That move will be worth thousands of pips we expecting around 2200 pips if not more targeting 2500$ which will be record high. **Please like and comment the idea, for more do follow us which will encourage us to bring more educational chart analysis** Do your own analysis, always follow risk management. Team SetupsFX_
OANDA:XAUUSDLong
by Setupsfx_
33
XAUUSD UPDATE (Risky-ShortTrem Setup) Hey team Hope you are Enjoying our ideas and Analysis, Today in Trading Session we are monitoring XAUUSD Looking for Bearish But there is Alot of Risks in Bearish Because That Breaks all Support levels.... XAUUSD (UPDATE)....!! RISKY SHORT FROM ALL TIME HIGH.. Gold is trading in a Strong Uptrend but the price Failed to reach the Supply Zone 2438-2445, Which is also a Resistance Level which in Turn indicates that the market is likely that we will first see a Bearish reaction on Gold from the Resistance Good luck Guy's.....
FXOPEN:XAUUSDShort
by MagickeyFX
EUR/USD | Small Lateralization Before Reaching 1.0950EUR/USD remains in a disadvantaged position and trades slightly below 1.0900 in the American session. The EUR/USD pair records modest intraday gains and has even reached a new four-day high at 1.0909. EUR/USD moves uneventfully just below the 1.0900 mark on Monday, confined to a limited range. The absence of relevant macroeconomic news and first-tier events scheduled for the week keeps market participants cautious. The strength of Wall Street supports modest optimism amid earnings that exceed expectations. In the coming days, attention will turn to central banks, as the Bank of Japan (BoJ), the Bank of Canada (BoC), and the European Central Bank (ECB) will announce their monetary policy decisions. Additionally, the United States will release the preliminary estimate of Q4 Gross Domestic Product (GDP) and the December Core Personal Consumption Expenditures (PCE) Price Index, the Federal Reserve’s preferred inflation gauge. I wish everyone successful trading, greetings from Nicola.
Long
by Forex48_TradingAcademy
4
USOIL | How will geopolitical tensions influence the price?The West Texas Intermediate (WTI) price stands at around $72.70 per barrel during Thursday's Asian session, highlighting an upward trend supported by optimism generated by the Organization of the Petroleum Exporting Countries (OPEC). OPEC's monthly report anticipates robust growth in oil demand for 2024 and 2025, forecasting an increase of 2.25 million barrels per day (bpd) in 2024 and 1.85 million bpd in 2025. From a geopolitical perspective, disruptions in the supply chain in the Red Sea are preventing a more significant decline in crude oil prices, with attacks by Houthi forces in the area. The United States responded with strikes against the Houthi, and tensions escalated when the Houthi rebels targeted a U.S. ship. Internally, the American Petroleum Institute (API) reported an unexpected increase in weekly crude oil stocks, while the market awaits the upcoming Energy Information Administration (EIA) report, expected to show a decrease of 0.313 million barrels compared to the previous reading of 1.338 million barrels.
TVC:USOILLong
by Forex48_TradingAcademy
1
USDJPY| Breakout of a bullish channel with a target at 141.80Analyzing the USD/JPY pair, I observe that it is consolidating losses below the 144.00 level. The Japanese Yen (JPY) has gained traction following softer-than-expected Tokyo inflation data, strengthening expectations of a more hawkish approach by the Bank of Japan (BoJ) and widening the monetary policy divergence between the BoJ and the U.S. Federal Reserve (Fed). U.S. economic data indicates a still-resilient economy, dampening hopes for more aggressive policy easing by the Fed. This supports high U.S. Treasury bond yields, benefiting the dollar. However, USD bulls seem hesitant to place aggressive bets, preferring to wait for Thursday's consumer inflation data. The Yen continues to attract buying for the second consecutive day after inflation in Tokyo remained above BoJ's 2% target. This could lead the BoJ to scale back its massive stimulus later this year, strengthening the JPY. On the other hand, the USD is weakened by expectations of a Fed rate cut in March, bolstered by a drop in U.S. consumer inflation expectations. Consequently, the USD/JPY pair has dropped below the mid-143.00s during the Asian session. Post-earthquake government stimulus measures in Japan might have delayed BoJ's shift from its ultra-accommodative stance. This, along with a positive tone around Asian equity markets, could limit any significant appreciation of the JPY as a safe haven. Investors have also scaled back expectations for more aggressive Fed policy easing, given the resilience of the U.S. economy. Recent hawkish remarks by Fed officials support high U.S. bond yields, favoring the dollar and limiting the downside for the USD/JPY pair. The upcoming U.S. CPI report might provide clarity on the timing of the Fed's potential policy easing, influencing the dollar's dynamics and determining the short-term trajectory of the USD/JPY pair. I expect a rise in the next few hours, with a rebound at the intersection of a new forming downtrend at H4 and the broken bullish channel during the Asian session, possibly leading to a short entry around 144.50 with a final target at 141.80. Let's see if the market confirms this personal view. Happy trading to all.
Short
by Forex48_TradingAcademy
GOLD SELL TILL 24 NOV 2023 On 24th Nov, Friday, or 27th Nov, Monday, gold will create a low at 1924 and change the market to buy. Also, on 27th Nov, it's a full moon, so we are expecting a change of trend from 24th Nov or 27th Nov. The market will create a major low, and on 12th Dec, gold will create a high of 1998, and the trend will change to sell. Let's see how the market will respect our analysis. Previous analyses indicate that gold followed very beautifully; let's observe this one.
FXOPEN:XAUUSDShort
by ganntimetrader
EURUSD: Retracement Awaiting the Fed!The EUR/USD currency pair continues to experience downward pressure, remaining below the 1.0550 level during the American trading session on Thursday. This is due to the sustained strength of the USD, which is impacting the pair following the latest US data release. The data showed that the annual Consumer Price Index (CPI) inflation in the US remained steady at 3.7% in September, surpassing the expected 3.6%. The daily chart for the EUR/USD pair indicates an ongoing decline, as the pair is sliding below the bearish 20-day Simple Moving Average (SMA). Technical indicators have also turned downwards and are within negative levels, suggesting that any bullish corrective movements have likely concluded. In the short term, the 4-hour chart shows a similar pattern. EUR/USD is on the verge of breaking below a slightly bearish 100 SMA, having already dipped below the 20 SMA. Additionally, technical indicators are rapidly decreasing, approaching neutral levels. The pair has an immediate support level at 1.0560, and a more significant decline is expected once it drops below this level. The EUR/USD pair reached its peak at 1.0639 during the London trading hours but stabilized around the 1.0610 price range just before the release of the United States (US) Consumer Price Index (CPI). The overall market sentiment was positive, with substantial gains seen in stock markets and ongoing declines in government bond yields leading up to the announcement. In the latest US reports, it was noted that inflation had increased by 0.4% on a monthly basis in September and rose by 3.7% from the previous year, exceeding expectations. The annual core CPI was in line with expectations at 4.1%, showing a slight decrease from the previous 4.3%. Concurrently, the US released Initial Jobless Claims for the week ending October 6, totaling 209K, slightly better than the anticipated 210K. This news led to a strengthening of the US Dollar, given the higher inflation and a tight labor market, making a case for the Federal Reserve (Fed) to maintain its current stance. Following these data releases, US government bond yields saw an increase, reflecting investor concerns, while Wall Street futures experienced a slight decline. Consequently, the EUR/USD pair dropped to the 1.0570 price range, losing its previously positive position.
Long
by Forex48_TradingAcademy
3
Gold Next Move ( High or Low ? )TVC:GOLD fell to near 7-month lows Thursday as traders pushed the yellow toward mid $1,800 levels in a decisive break from the $1,900-an-ounce support decimated in the prior session. Gold’s collapse below the $1,900 level has opened the door for technical selling towards the $1,870 region,” added Moya. :”If global bond yields are heading higher despite expectations that inflation will come down, current market positioning could allow a gold plunge towards the $1,800 region. So my opinion about short term , the yellow metal OANDA:XAUUSD will retest to 1887 zone then we will see if he breaks the resistance line or reject it .
TVC:GOLDLong
by ZumixFX
4
EURUSD Short trade after news!On EURUSD, we have a bearish setup supported by a strong H1 trendline which started this morning after a price retracement following yesterday's negative news from the Eurozone. I've highlighted a yellow area where the price could retrace before pushing lower again. Of course, I haven't entered the trade since we will have US Dollar data in a few minutes, and I preferred not to take the risk. My setup involves entering in the range of 1.06-1.07 with a target at the H4 swing low level of 1.0796. My stop will be at the swing high level of 1.0880. Happy trading to all!
Short
by Forex48_TradingAcademy
1
EURUSD Long trade with FVG + VWAPOn EUR/USD, we have a bullish setup with the price showing initial signs of weakness around the 1.0895 level. In fact, after testing the descending trendline twice on the hourly chart (H1) and forming two spikes without breaking it, the price reversed downwards. Now, I'm anticipating a move towards the 1.0880 area, where we have a Fibonacci confluence (FVG), and where the price could pivot to retest the H4 swing high at the 1.0934 level. In the FVG area, I will wait for a double confirmation on the 15-minute chart (M15) before entering. Feel free to share your opinion; we would be more than satisfied to hear it. Nicola the CEO of Forex48 Trading Academy
Long
by Forex48_TradingAcademy
1
EUR/CAD BULLISH TRADE - TRADE IDEA H1On EUR/CAD, we have a bearish setup following the PMI data in the Eurozone. The market is approaching the level of 1.4570, where we have a Forex48 block, indicating a potential reversal zone. If we receive valid confirmations on the M15 timeframe, a long position could be considered with a target at 1.47, aiming to capitalize on the inefficiency created by today's news. Best regards and happy trading from Nicola, CEO of Forex48 Trading Academy.
Long
by Forex48_TradingAcademy
1
EUR/CAD DOUBLE SHORT ENTRY SETUPS H1On EURCAD, we have a bearish setup with the price forming a supply zone yesterday during the American session, effectively creating a FOREX48 BLOCK and an FVG (Force Vector Group). In the first case, if there is a re-test of the 1.4690 level, we could look for confirmations for a short trade. In the second case, the FVG in the 1.4680 area, where, with confirmation on the H1 and M15 timeframes, we could look for a short trade. We enter with a target at 1.4560. Let me know your thoughts in the comments. Happy trading to everyone and have a great day from Nicola, the CEO of Forex48 Trading Academy.
Short
by Forex48_TradingAcademy
4