Get started

Currencynerd

will the cable trade higher when BoE increases rates .. 1.30000?gbpusd , great british pound / u.s. dollar (the cable) economic outlook : on May 11 2023 the BoE is meeting and it is expected that they will hike the interest rates and even though on May 3 the Fed are also expected to lift rates there is a interest rate differential as the Fed are also planning to pause raising interest rates which could signal the british pound outperforming the u.s dollar. more positive for the sterling as, the united kingdom government is said to have borrowed less that expected which means there will be a fiscal stimulus that could add more bullish momentum on the cable. technicals : price has been trading is consolidation phase with the psychological low of the sideways range @ 1.19000 and the high @ 1.24500. bullish momentum is in control of price as price is respecting and holding bullish trendline by trading above it and is trading above the high of the consolidation phase @ 1.24500. i have targets at weekly supply level of proximal price @ 1.27800 but overrall bullish targets @ 1.30000 supply and demand FX:GBPJPY put together by : Pako Phutietsile presented by : @currencynerd courtesy of : @TradingView
Long
by currencynerd
2
follow the little black man to new gold highsxauusd , gold spot / u.s. dollar 2023 ... will gold reach new highs ? the precious metal has been trading in a consolidation phase since second quarter of 2020, trading between 2 significant levels of average price of low @ 1687.000 and high @ 1933.000. market momentum changed from bullish to bearish @ $1933 making a -7.15% loss in price to current price, i anticipate that this bearish run to continue lower to liquidity pool ranging from @ 1779.400 to 1766.700 and find some support on trendline acting as dynamic s/r level . my overall bias for the year is bullish for the precious metal with the right catalyst and fuel (fundamental) and momentum price can reach new highs trading above current ath @ 2075.282 (as of OANDA price feed) it is still early days of the year and a lot can happen as there are plenty opportunities around, lets keep a close eye on the market and be ready for such opportunities! supply and demand never say never, because limits, like fears, are often just an illusion. put together by : Pako Phutietsile presented by : @currencynerd courtesy of : @TradingView
OANDA:XAUUSDLong
by currencynerd
5
+180pips up for grabseurusd euro / u.s dollar price found support @ 0.96000 price areas where it made the low of 2022 also having been in an overall downtrend for the year. since gaining some bullish momentum from the support, price made a +14% recovery to current price. price is currently failing to climb higher as it has found some resistance @ 1.00000 price areas, this resistance is of liquidity pool ranging from @ 1.09800 to @ 1.09600. price broke out of bullish parallel channel forming several OHLC candlesticks below it indicating a shift in current market momentum from bullish to bearish. i have a short bias on the major currency pair with targets at psychological level of interest @ 1.04600 SUPPLY AND DEMAND put together by : Pako Phutietsile, Tumelo Mokgosi as @alentrah presented by : @currencynerd courtesy of : @TradingView Believe in yourself! ...
Short
by currencynerd
1