keechi

keechi Updated 

Fondamental: -retail sentiment 70% long -economic data favoring dollar(GDP, Inflation, Unemployment, Interest Rates) -dollar short term uptrend caused by debt Ceiling Drama Technical: -price rejecting trend multiple times -looking to enter on a 50\61% fib retracement -waiting for the supply zone rejection

keechi Updated 

Our trade relies on fundamental analysis, and technical analysis only serves as our entry point. Currently, the US is undergoing a process of quantitative tightening. Today we have the FOMC meeting, expecting to result in a 25 basis point rate increase. A rate increase of 50 basis points or continued rate hikes would be seen as a hawkish signal. Most likely it...

keechi

on the technical side, -break double bottom -waiting for a 50% fib retracement -4h retest double bottom

keechi Updated 

The dollar is experiencing fundamental weakness due to its data, with yuan transactions surpassing it for the first time. The GDP was worse than anticipated, causing concerns of an impending recession. Today's core PCE data, a crucial inflation indicator, could potentially alter the trajectory of the dollar, therefore, be cautious. From a technical standpoint, I...

keechi

Our trade relies on fundamental analysis, and technical analysis only serves as our entry point. Currently, the US is undergoing a process of quantitative tightening. The upcoming FOMC meeting is expected to result in a 25 basis point rate increase. A rate increase of 50 basis points or continued rate hikes would be seen as a hawkish signal. Meanwhile, Japan...

keechi Updated 

After breaking through the support zone, a retest occurred, accompanied by a 61% Fibonacci retracement. Thursday's GDP data will be the deciding factor for market movement, We can anticipate two potential outcomes: 1. If the GDP exceeds expectations, investors may feel more secure, and as a result, dollar prices may not increase significantly. 2. A...

keechi Updated 

On the fundamental side, we are still long so stay alert for economic data over the next few weeks. Switching on a technical perspective, D: we broke a key zone. 4h: we have a strong switch to the down trend. we will wait and see if the price will retest the 50% fib and rejecting the trend line and the supply zone before taking any action.

keechi Updated 

on a technical perspective, D: bullish engulfing 4h: double bottom waiting for a break to confirm 1h: likely an inversed H&S - Bearish RSI divergence NB: keep in mind that tomorrow crucial data will be realized (EUR CPI)

keechi

From a fundamental perspective: This week, US data cooled a bit which was good for the fed even if the dollar suffered from it. Today, on the Retail Sales Data gold market got manipulated but gave us a good entry point to see a further rally. On the technical side, gold correction gave a good signal for a future rally: -1h: upward trend -4h: demand zone -D:...

keechi

fundamentally, we had today US Retail Sales Data that came out negative for the Dollar on the technical side, we had a great pull back on a key level in the 15min: -RSI divergence in the 1h: -hammer on a demand zone in the 4h: -strong trend in the D : -great correction on the 50% fib

keechi Updated 

EURCAD rallying up continuing its up trend , we got a pretty good opportunity for a buy setup -break of a trend line + retest -correction to the 50% Fib level -on a support zone

keechi Updated 

-fundamentally we have a strong USD compared to CAD considering the banking crisis stabilizing and predicting a higher chance for a soft landing for the fed -on the technical side : we have reached a a key level in the Daily and the 4H timeframes , RSI divergence in 5\15min timeframes, double bottom break in the 15min timeframe

keechi

good morning traders , as we can see, we have -a creation of a double bottom in 4h and a bullish divergence -a down trend in the 1h timeframe and a bullish divergence if the down trend breaks and we get a good retest in the lower timeframe with a good candle pattern , we can have a good short term bull to retest the higher time frame of the 4h

keechi

Hello ladies and gentlemen, according to my chart analysis of Gold , there is a high probability of a decline towards the $1751.8 level in the next few hours

keechi

ladies and gentlemen i suggest to short gold break of vwap and smma retest it and a double top figure the overall trend is going down

keechi

gold is on a down trend we have a double top in 1h time frame and a neckline breakout and a vwap breakout

keechi

sell position on CL rebounce on the support with a down trend