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EURUSD H4 1 March 2024EUR/USD, H4 The EUR/USD pair has pulled back from its technical rebound observed in the previous session but found support at the 1.0800 level. The U.S. dollar strengthened following the release of the U.S. Personal Consumption Expenditures (PCE) index, which aligned with market expectations, hinting that a Federal Reserve rate cut might not be imminent. This outcome has influenced the dollar's resurgence. Concurrently, market participants are now keenly awaiting the release of the Eurozone's Consumer Price Index (CPI) data scheduled for today. EUR/USD declined but is currently supported at above 1.0800 levels, given a neutral signal for the pair. The RSI has been hovering in the lower region while the MACD is on the brink of breaking below the zero line, suggesting the bearish momentum has overwhelmed the bullish momentum. Resistance level: 1.0865, 1.0954 Support level: 1.0775, 1.0770
by top_fx
GBPUSD H4 1 March 2024GBP/USD, H4 The GBP/USD currency pair has wiped out all the gains it made from the previous session's rebound, indicating that it is currently exhibiting bearish momentum. The U.S. Personal Consumption Expenditures (PCE) index, meeting market expectations at 2.4%, signals that inflation remains persistent in the country. Concurrently, the broader market sentiment has shifted to largely discount the possibility of a rate hike in June, which has subsequently bolstered the strength of the dollar. Furthermore, traders are closely watching the release of the UK's Manufacturing Purchasing Managers' Index (PMI) due today, as it is anticipated to provide insights into the Sterling's economic strength and potentially influence the currency pair's movement. The GBP/USD pair declined and erased all its previous gain, suggesting a bearish bias for the pair. The RSI is gradually moving lower while the MACD is on the brink of breaking below the zero line, suggesting the pair is trading with bearish momentum. Resistance level:1.2635, 1.2710 Support level: 1.2530, 1.2437
Short
by top_fx
XAUUSD H4 1 March 2024XAU/USD, H4 Gold prices stage a rebound as downbeat US economic data prompts investors to seek refuge in dollar-denominated gold. The focus shifts from subdued US inflation expectations to escalating geopolitical tensions in the Middle East, rekindling the safe-haven appeal of the precious metal. Gold prices are trading higher following the prior breakout above the resistance level. MACD has illustrated increasing bullish momentum, while RSI is at 60, suggesting the commodity might extend its gains since the RSI stays above the midline. Resistance level: 2055.00, 2080.00 Support level: 2035.00, 2015.00
PEPPERSTONE:XAUUSDLong
by top_fx
DOLLAR_INDX,DXY H4 1 March 2024DOLLAR_INDX, H4 The Dollar Index maintains a steady position as the US Core PCE Price Index registers a decline to 2.4% on a yearly basis in January, in line with market projections. Despite the dip, the impact on the Dollar's performance against other currencies is limited, as attention turns to additional economic indicators, including disappointing Initial Jobless Claims and Chicago PMI figures. The Dollar Index is trading higher following the prior rebound from the support level. MACD has illustrated increasing bullish momentum, while RSI is at 61, suggesting the index might extend its gains since the RSI stays above the midline. Resistance level: 104.50, 104.95 Support level: 103.70, 102.90
TVC:DXYLong
by top_fx
BTC/USDT 1HInterval Short-TermHello everyone, let's take a look at the BTC to USDT chart on a one hour time frame. As you can see, the price dynamically broke down from the local upward trend line. After unfolding the Trend Based Fib Extension saitka, there is strong support at the level of $60,463, and further support is visible at the level of $58,440. Looking the other way, you can see resistance at $62,343, and then the important level of $63,539. There was some room for the RSI indicator to decline further, while the STOCH indicator approached the lower limit, which could have resulted in the correction slowing down.
by cryptodailyuk
BTC/USDT 1H Short-Term Chart ReviewHello everyone, I invite you to check the current situation on BTC in the USDT pair, taking into account the one-hour interval. First, we will use the yellow line to determine the upward trend line from which the price has broken down, currently creating a falling triangle in which we can see a movement towards closing the triangle. At this point, it is worth turning on EMA Cross 10 and 30, because they indicate the moment of confirmation of the transition to a local downtrend, which can potentially be used to play a short-term short. Now we can move on to marking support areas in case the correction deepens. And here, after deploying the Trend Based Fib Extension tool, we can determine a strong support zone from $50,752 to $50,272, which for now keeps the price from falling further. Looking the other way, when we unfold the grid again, we can determine this time the zone of main resistance for price increases. And here you can see the zone from $52,020 to $52,400. Only when the price comes out on top and then tests positively will we be able to observe further increases. When we look at the RSI indicator, we can see a movement in the lower part of the range, which can potentially translate into increases, while on the STOCH indicator, a similar movement takes place in the lower part, which again gives room for local growth.
by cryptodailyuk
Trading Through Turbulence: EUR/USD Strategies Amid U.S. Fiscal The current economic indicators, alongside commentary from key Federal Reserve officials, suggest a cautious approach towards the EUR/USD pair. With the U.S. showing no immediate intent to cut interest rates due to a robust labor market and unresolved inflation targets, traders should prepare for potential dollar strength and volatility in the currency markets. The anticipation of a "hard landing" for the U.S. economy further complicates the landscape, warranting a strategic approach to trading the EUR/USD pair. 1. U.S. Interest Rate Outlook: Federal Reserve Bank of Atlanta President Raphael Bostic's recent statements highlight a significant resistance to cutting interest rates in the near term. The robustness of the U.S. labor market and the economy, coupled with inflation not convincingly on track to meet the 2% target, suggests that the dollar might remain strong. Bostic's remarks underscore the uncertainty surrounding inflation, indicating that the Fed is not yet convinced that inflationary pressures are sufficiently under control to warrant a change in monetary policy. This stance is crucial for EUR/USD traders, as interest rate expectations are a primary driver of currency movements. The Fed's cautious approach may bolster the dollar, creating resistance against EUR gains. 2. Market Reactions and Treasury Movements: The reaction to Bostic’s comments was immediate, with Treasuries falling and holding their decline, reflecting market adjustments to the expectations of continued strong U.S. monetary policy. Conversely, Jupiter Asset Management's move to increase its Treasury holdings to a record suggests a hedging strategy against a potential economic downturn. For EUR/USD traders, these dynamics indicate a flight to safety and potential volatility, with a strong dollar scenario possibly prevailing in the short term. 3. Equity Market Inflows and Implications for the Dollar: Significant inflows into global equity funds, especially following substantial sell-offs in U.S. stocks by Japanese and Chinese funds, hint at a complex investment landscape. The S&P 500 and Nasdaq futures' rise indicates investor optimism or speculative positioning, potentially impacting the dollar by influencing risk sentiment. For the EUR/USD, this could mean short-term bullish signals for the dollar, especially if equity market strength translates into confidence in the U.S. economy. 4. Inflation Concerns and Labor Market Strength: The anticipated high CPI and potential for a similarly high Producer Price Index (PPI) could extinguish hopes for an interest rate cut, further strengthening the dollar. The persistent strength of the U.S. labor market suggests that inflation may not be easily tamed, reinforcing the Fed's cautious stance on rate cuts. For EUR/USD traders, this means monitoring U.S. economic indicators closely, as signs of sustained inflation or labor market overheating could prompt adjustments in trading strategies, favoring the dollar. The EUR/USD trading environment is marked by uncertainty, with a robust U.S. economy and unresolved inflation concerns suggesting a cautious approach. Traders should remain vigilant, adapting strategies to navigate potential volatility and the implications of U.S. monetary policy on currency movements.
Short
by Wiiso
2
ETH/USDT 4HInterval Chart ReviewA quick look at ETH to USDT on the 4-hour time frame. As you can see, the price is moving above the local uptrend line. After unfolding the Trend based fib extension grid, you can see that the price is struggling with the resistance of $2,995, and then there is significant resistance at $3,168. Looking the other way, you can see the support zone from $2,887 to $2,854, and then support at $2,763. The RSI indicator shows that corrections give room for stronger price rebounds, while the STOCH indicator again approached the upper limit, which slows down the growth.
by cryptodailyuk
1
10 Daily Outlooks. D7. BTCUSD, EURUSD, GOLD☝️The main purpose of my resources is free, actionable education for anyone who wants to learn trading and improve mental and technical trading skills. Learn from hundreds of videos and the real story of a particular trader, with all the mistakes and pain on the way to consistency. I'm always glad to discuss and answer questions. 🙌 ☝️ALL videos here are for sharing my experience purposes only, not financial advice, NOT A SIGNAL. YOUR TRADES ARE YOUR COMPLETE RESPONSIBILITY. Everything here should be treated as a simulated, educational environment. Important disclaimer - this idea is just a possibility and my extremely subjective opinion.
BITSTAMP:BTCUSD
by Yelli_trades
1
BTC/USDT 4h Chart ReviewI invite you to a quick review of BTC to USDT. As you can see, the price is starting to break out of the local upward trend line. After using the Fib Retracement grid, you can see how the resistance zone from $52,353 to $52,821 rejected the price increases. Looking the other way, you can see support at $51,780, next at $51,331, and then strong support around $50,621. Downward trend lines can be identified on the RSI, while on the STOCH indicator, on the four-hour interval, there is a lot of room for recovery.
by cryptodailyuk
10 Daily Outlooks. D6. BTCUSD, EU, XAUUSD, USDCAD and others☝️The main purpose of my resources is free, actionable education for anyone who wants to learn trading and improve mental and technical trading skills. Learn from hundreds of videos and the real story of a particular trader, with all the mistakes and pain on the way to consistency. I'm always glad to discuss and answer questions. 🙌 ☝️ALL videos here are for sharing my experience purposes only, not financial advice, NOT A SIGNAL. YOUR TRADES ARE YOUR COMPLETE RESPONSIBILITY. Everything here should be treated as a simulated, educational environment. Important disclaimer - this idea is just a possibility and my extremely subjective opinion.
BITSTAMP:BTCUSD
by Yelli_trades
1
ETH/USDT 1H Short-Term ReviewI invite you to a quick preview of ETH to USDT on a one-hour interval. As you can see, the price remains above the local downtrend line. After unfolding the Fib Retracement saitka, support is visible at the level of $2,782, while the level of $2,718 is still important. Looking the other way, you can see an important resistance zone from $2,836 to $2,868. The RSI indicator shows room for an upward price movement, while the STOCH indicator is again approaching the upper limit, which may limit increases.
by cryptodailyuk
1
16th Feb - Daily and weekly anticipated levelsPlease take a look to previous (15th Feb.) daily and weekly levels. Please pay attention this is BYBIT:BTCUSD.P on 1 hour timeframe. I will keep posting these daily and weekly levels everyday, please use these levels as a tool for making your decisions or managing your positions. These are anticipated support and resistance levels, and their reliability depends on their timeframe, therefore, weekly levels are stronger than daily levels. Daily levels: These levels are valid for 1-2 days from the day of this post. Weekly levels: These levels are valid for this week and maximum next week Please update the chart with the actual price of BTCUSD to see the reaction of price to anticipated levels.
BYBIT:BTCUSD.P
by Rezakaz
15th Feb - Daily and weekly anticipated levelsPlease take a look to previous (14th Feb.) daily and weekly levels. Please pay attention this is BYBIT:BTCUSD.P TCUSD.P on 1 hour timeframe. I will keep posting these daily and weekly levels everyday, please use these levels as a tool for making your decisions or managing your positions. These are anticipated support and resistance levels, and their reliability depends on their timeframe, therefore, weekly levels are stronger than daily levels. Daily levels: These levels are valid for 1-2 days from the day of this post. Weekly levels: These levels are valid for this week and maximum next week Please update the chart with the actual price of BTCUSD to see the reaction of price to anticipated levels.
BYBIT:BTCUSD.P
by Rezakaz
14th Feb - Anticipated important daily and weekly levelsPlease take a look to previous (13th Feb.) daily levels. Link provided in the end of this post. Please pay attention this is BYBIT:BTCUSD.P on 1 hour timeframe. I will keep posting these daily and weekly levels everyday, please use these levels as a tool for making your decisions or managing your positions. These are anticipated support and resistance levels, and their reliability depends on their timeframe, therefore, weekly levels are stronger than daily levels. Daily levels: These levels are valid for 1-2 days from the day of this post. Weekly levels: These levels are valid for this week and maximum next week Please update the chart with the actual price of BTCUSD to see the reaction of price to anticipated levels.
BYBIT:BTCUSD.P
by Rezakaz
BTC/USDT 1HInterval ChartHello everyone, I invite you to review the BTC to USDT chart, on a one-hour interval. As you can see, the price remains above the upward trend line. Using the Fib Retracement grid, we can see the support on which the price is based at $51,102, while the zone from $50,047 to $49,289 is still important. Looking the other way, there is significant resistance at $51,964, followed by strong resistance at $52,810. The RSI indicator shows a trend line under which we are staying, while the STOCH indicator shows room to try to increase the price, but also shows rapid declines.
by cryptodailyuk
BTC/USDT 4HInterval Chart Review Long-TermHello everyone, I invite you to check the current situation on BTC in the USDT pair, taking into account the four-hour interval. First, using the yellow line, we will determine the main upward trend line, which begins at the last price low around $15,400, then we will move on to determining the second line, also the ongoing upward trend, along which the price is moving nicely. Now we can move on to marking support areas in the event of a correction. And here, using the Trend based fib extension tool, you can see that we first have support at the level of $48765, going further it is worth defining the visible zone in which it bounced repeatedly from $44442 to $42203, however, if we fall below this zone and break out from trend line, we can see a downward impulse towards the support level of $35,634. Looking the other way, we can determine resistance areas in a similar way. However, here we can see exits from the basic Fib levels, and now we are fighting a very strong level of $52,697, which has so far successfully kept the price from moving further. However, when the situation changes and the price breaks above this level and tests it positively, we will be able to see another upward movement towards the next very strong resistance at $61,321. Moving on to the RSI indicator, it is worth marking a trend line here, what is more, there is room for correction, but here you can see that downward movements result in very slight price movements. When we look at the STOCH indicator, we can also see room for a potential rebound in the indicator and price.
by cryptodailyuk
1
BTC/USDT 1H Short-Term I invite you to a quick review of BTC. As you can see, the price is climbing along the local upward trend line. After deploying the trend based fib extension tool, there is significant resistance at $52,646, followed by strong resistance at $55,289. Looking the other way, you can see the support zone from $51,539 to $51,191, and then support at $49,425. On the RSI indicator, despite the recovery, we have three upward impulses that increase the price, while the STOCH indicator still has room for a decline, which may result in a slight reaction.
by cryptodailyuk
13th Feb - Anticipated important daily and weekly levelsPlease pay attention this is BYBIT:BTCUSDT.P on 1 hour timeframe. I will keep posting these daily and weekly levels everyday, please use these levels as a tool for making your decisions or managing your positions. These are anticipated support and resistance levels, and their reliability depends on their timeframe, therefore, weekly levels are stronger than daily levels. Daily levels: These levels are valid for 1-2 days from the day of this post. Weekly levels: These levels are valid for this week and maximum next week Please update the chart with the actual price of BTCUSD to see the reaction of price to anticipated levels.
BYBIT:BTCUSD.P
by Rezakaz
SasanSeifi 💁‍♂🟡GOLD Long-Term OutlookXAUUSD As you can see, after an uptrend and a new high, the price faced a correction from the 2146 range due to the liquidation of buyers. After the correction, the price rebounded slightly from the 1973 range but failed to stabilize above the 2081 liquidity range and saw another range and correction. Currently, the trend is stuck in a range. In the long-term view, I expect the price to continue to correct to the SELL-SIDE LIQUIDITY 1985 / 1973 range after ranging and consolidating below the 2000 range. In case of correction, we need to see how the price reacts to better understand the continuation of the trend. Additionally, if it faces demand and can consolidate above the important 2075 range, the corrective scenario will be invalidated. In the long term, the target correction ranges are 1950 / 1933, but currently, we are moving forward with the step-by-step chart. 🔵Remember, always conduct your analysis and consider other factors before making any trading decisions. Good luck!"✌️ ❎ (DYOR)...⚠️⚜️ Sure, if you have any more questions or need further clarification, feel free to ask. I'm here to help! if you found my analysis helpful, I would appreciate it if you could show your support by liking and commenting. Thank you!🙌✌
FOREXCOM:XAUUSDShort
by SasanSeifi
BTC/USDT 1HInterval Chart ReviewHello everyone, I invite you to check the current situation on BTC in the USDT pair, taking into account the one-hour interval. First, we will use the yellow line to determine the local upward trend line above which the price is firmly holding. Now we can move on to marking the resistance areas, for this purpose we will deploy the Trend Based Fib Extension tool, thanks to which we can see how the price is approaching the significant resistance level of $52,596, when this level is overcome and the price tests it positively, it will be able to give upward impulse towards the strong resistance level at $55,258. Looking the other way, we can determine places of support in a similar way. First, we will mark support at $51,267, then the support zone from $50,410 to $49,982 is visible, and then we can see a decline to the strong support level of $48,684. As we can see, volume has a significant advantage on the buyer side. On the RSI indicator we are moving at the upper limit, while on the STOCH indicator we remain above the upper limit, which may translate into the need for a rebound, which may result in a price recovery.
by cryptodailyuk
ETH/USDT 1HInterval ChartHello everyone, I invite you to a quick review of ETH to USDT on a one-hour interval. As you can see, the price is moving above the local upward trend line. As we can see, when the recovery begins, we first see a support zone from $2,685 to $2,664, and then support at $2,604. Looking the other way, you can see how the price is struggling to enter the resistance zone from $2,757 to $2,803, and then it can give a strong upward impulse to around $2,934. The RSI indicator shows a movement in the upper part of the range, similarly to the STOCH indicator, however, the movement is above the upper limit, which causes the movement to decelerate.
by cryptodailyuk
1
10 Daily Outlooks. D3. EU, GU, US30,100, BTCUSDWill analyse markets and possible entries every day for 10 days. Send your pairs or questions ☝️The main purpose of my resources is free, actionable education for anyone who wants to learn trading and improve mental and technical trading skills. Learn from hundreds of videos and the real story of a particular trader, with all the mistakes and pain on the way to consistency. I'm always glad to discuss and answer questions. 🙌 ☝️ALL videos here are for sharing my experience purposes only, not financial advice, NOT A SIGNAL. YOUR TRADES ARE YOUR COMPLETE RESPONSIBILITY. Everything here should be treated as a simulated, educational environment. Important disclaimer - this idea is just a possibility and my extremely subjective opinion.
by Yelli_trades