currencynerd

currencynerd

gold prices have been in a rally to the upside for a long time with the Russia - Ukraine invasion being a major catalyst for this bull run. Even with the bullish surge price failed to reach the ATH @ 2074.98 , reversing a few pips below the high and price has been in a steady decline ever since to 2011 prev. high @ 1920.80. Price even went as low as forming...

currencynerd

since the Ukraine - Russia war/invasion crypto activity has accelerated even top national administrations are looking into it , as it has proven to be safe storage of value and is getting accepted by people from all ends of the world. on my chart price is in a consolidation phase of average high @ 64892.42 and average low @ 64892.42. monthly demand is in control...

currencynerd

price broke out of bearish parallel channel forming several OHLC candlesticks above the channel , indicating a shift of momentum from bearish to bullish. currently on the hourly chart , price is making its way to the 1hr supply zone around @ 153.954 price areas where a few pips above is 61.8% retracement @ 153.031 which may be the driving force to pull price to...

currencynerd

price is trading in a descending bearish channel with 4hr supply peak @ 1.30485 in control and indicating presence rising bearish momentum to areas around the monthly demand valley @ 1.29457 , where i have pending limit buy positions with possible targets at daily supply peak @ 1.33096 giving a risk reward of 1:5. “Celebrate all small victories in life, the task...

currencynerd

this is not a trade signal , but a possible setup. always wait for price to reach levels of interest and keep a close eye on price action and candlestick formation as well as watching out for other factors of positive confluence. INTRADAY SETUP: price has been in an intraday downtrend since Thursday during the opening of the NEW-YORK trading session. price...

currencynerd

The labor department is expected to show that the us economy has created 407K+ jobs in FEBRUARY and that unemployment rate has fell to 3.9% from 4.0% of the prev month. With such gains recorded its safe to say the us economy might see a slight relieve , on nas100 price is currently reacting to daily demand of proximal price @ 12914.80 and price trading above...

currencynerd

Gold prices have been making a steady run to the upside trading in a bullish ascending parallel channel. On the 24 Feb. 2022 we saw price push higher into the monthly supply peak of proximal price @ 1967.50 , which was an area of strong bearish momentum as it caused what was once a strong bullish candlestick to close with a small bearish body leaving a tall wick...

currencynerd

Price has been trading between 85.481 and 91.304 identified on the MN chart. Monthly supply CP @ 92.299 is in control. On the weekly chart supply peak of proximal price @ 91.741 is in control , and price created a fresh supply peak @ 90.319 which price is reacting to but trading above it but has not violated its distal price making it still valid. I have short...

currencynerd

On Monday price opened the market with a gap to the downside and shortly after price started to retrace and fill the gap which took most of yesterday trading day. Price is trading around the monthly level @ 0.66751 where in higher timeframes price is showing clear rejections to the upside failing to close above. Intraday demand is currently in control of price , I...

currencynerd

Since 20 Jul '21 , price has been trading in a bearish channel and inside is a similar bullish channel that i am looking for price to break. currently price is reacting to the top of the bearish trendline where there is a yearly imbalance @ 0.92286 which was identified on the MN chart , price failed to fill the imbalance as demand and is now acting as supply. I...

currencynerd

Price on the daily is trading trading and respecting bearish trendline and is also coming from a monthly level @ 0.71089 which caused the push to the upside which is still ongoing as price is creating higher highs and lows. I am looking to short the aussie dollar at the top of liquidity pool @ price 0.72943 where i will also be looking for extra confirmation for...

currencynerd

When i was starting my analysis i was looking for a swing setup but ended up getting a day trade , as price action on the higher timeframes is still puzzling and i could not get a bias but as i got to the lower charts things got more clearer. Price on the 1hr is trading in a parallel descending channel with the lower trendline of the channel being violated...

currencynerd

Price reacted to a MN chart yearly level @ price 0.83068 , this led to price gaining bullish momentum and breaking out of 1D bearish channel inside the bigger 1W channel that price is trading in. I am long on @ 0.83550 with stops below recent low @ 0.83067 and targets at top of liquidity pool @ 0.85120 giving me a 1:3.2 risk, reward. It's not all about...

currencynerd

On the weekly chart price closed above bearish trendline but failed to form a full OHLC candlestick above it and fell , now is trading below indicating false bullish breakout. Price is reacting to liquidity pool ranging from 0.93229 to 0.92786 with price 0.92786 being proximal price for weekly chart supply peak which is in control of price and as of current price...

currencynerd Updated 

This is a day trade setup. Before going in to the technical reasons behind the setup , its important to state that there are no fundamentals/news releases tomorrow except for the geopolitical risks from the Russian - Ukraine invasion , which we see has an effect of the market with increased volatility and increased liquidity in some asset classes. Starting...

currencynerd Updated 

On the monthly chart , price has been trading in a range from high @ 29.843 and low @ 21.651. Coming down to the daily chart i noticed that price is trading in a descending channel , i have a short bias on the precious metal but i have not executed any orders as iam waiting for price to give a third touch on the top of trendline channel , acting as dynamic...

currencynerd Updated 

on the hourly chart price is in an uptrend , creating higher highs and higher lows. Long-term I have a bearish bias on the currency pair but that does not mean i cannot capitalize on the bullish run. Price gave me a retest on my bullish trendline and broke bearish channel indicating that bullish momentum is in control. i have executed long positions with a nice...

currencynerd Updated 

Euro/U.S.Dollar has been struggling to push higher than @ 1.4 as price found support around the 1.13546 areas , currently daily supply peak @ 1.13546 is in control and price has formed several OHLC candles below bullish trendline and even retested supply zone that caused the breakout , this indicates a shift in momentum. Price has also retested top of bearish...