Dolar
GBPUSD 1H: 23/02/2023: The price will test lower levels!
As you can see, the price had a bearish reaction to the supply zone and decrease.
For now, the Price can continue a downward move.
We can define targets as follow:
1.1985
1.1910
💥Important note: It's not investment advice. Please do your own research.💥
XAUUSD (GOLD) 1H: 20/02/2023: First Long then Short!!!
Main idea:
You can see all the possible scenarios on the chart.
In my perspective, the price can move up to collect liquidity above 1870.55 and then fall.
On the other hand, there is daily support on 1853.37 that may price react to it and fall.
Another possible scenario is that the price rise to around 1885 dollar. There is a very strong supply zone.
💡Wait for the update!
🗓️20/02/2023
🔎 DYOR
💌It is my honor to share your comments with me💌
XAUUSD (Gold) Daily:13/02/2023: It looks like a sell opportunity
As you can see, we expect the price to rise from here until our low time frame supply zone and then fall.
For that, we need confirmation.
We can define targets as follow:
1848
1826
1815.6
💥Important note: If the low time frame supply zone (you can find it on the chart) will not confirm, we expect the price to rise and fill the fair value gap of 1918.54- 1920.47.💥
💡Wait for the update!
🗓️13/02/2023
🔎 DYOR
💌It is my honor to share your comments with me💌
j.Hejazi | Bullish Signals for DXYThe US Dollar Index has produced a bullish engulfing candle on the weekly timeframe after failing to break down the weekly resistance level at 101.50.
On the daily timeframe, there is a breakout of the falling wedge pattern with a positive divergence on the MACD indicator.
The price still has three more resistance levels to overcome before it can be considered a buy signal: the yearly ascending trendline, the 103.5 resistance level, and the 50-day moving average.
Once the buy signal is in play, the potential target may be 105.70, but the price may fall to retest 103.5 to form a head and shoulders pattern.
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¡EUR USD awaits FOMC minutes!INTRO
The FOMC meeting minutes report will bring volatility to the markets, especially EUR/USD.
Investors are waiting for any signs of a slowdown in rate hikes.
The yield on the 10-year U.S. Treasury note was at 3.7483%, compared with Tuesday's close of 3.758%.
Fundamental Overview
Durable Goods Requests returned a value of 1%, compared to an estimate of 0.4% and previous data of 0.3%. While jobless claims have been confirmed at 240k, against an estimate of 225k and a previous reading of 223k. The focus will be on the release of the FOMC meeting minutes report and the possibility of a slowdown in rate hikes. What could bring relief to the market marks the start of a bull market rally.
MSCI's index of stocks across the globe rose 0.12%, despite falling 18% so far this year.
In Europe, the STOXX 600 company index rose 0.1%, with a cumulative decline of 10% through 2022. U.S. stock futures, known as the S&P 500 e-mini index, pointed to modest gains.
The broader MSCI index of the Asia-Pacific region, which excludes Japanese shares, was up 0.5% and up 12% so far this month. Hong Kong's Hang Seng gained 0.6%, while China's CSI 300 gained 0.1%.
The yield on the 10-year U.S. Treasury note was at 3.7483%, compared with Tuesday's close of 3.758%. The two-year yield was at 4.5269%, compared with a close of 4.517%, rising on traders' expectations that the Fed funds rate will rise.
Technical Overview
The bulls are attempting to break one of the pair's toughest resistances (200p EMA) as the market awaits the FOMC minutes data. EUR/USD has gained 10% since its nadir of 0.954 in late September. The RSI is at the 65 level, leaving room for a rally to the apparent 80s sell level. The MACD maintains a bullish tone amid a bullish rally at the bottom of a descending channel. Also, the pair remains above the round number level of 1.03 (61.8% Fibonacci). As long as there is no daily close below this level, the pair's bulls can try to look for the 1,053 level, with more bullish power and volume at the 1,077 level.
NZDUSD on RBNZ rates and monetary policy announcement, US minuteINTRO
A rise of 75 basis points is the order of the day.
Retail sales on Thursday may bring volatility to the Kiwi
0.62 (61.8% fibonacci) is the new resistance to beat
FUNDAMENTAL OVERVIEW
The Chinese economy continues to be impacted by COVID, impacting stocks and markets. The currency pair was affected by a slowdown in its gains as the U.S. dollar index found refuge for investors globally. There are several announcements today Tuesday that could bring volatility to the NZDUSD currency pair. Rates are expected to rise as markets see no slowdown in hawkish U.S. economic policy.
European Central Bank Governing Council member Robert Holzmann said on Tuesday he had not yet decided to vote at the next rate-setting meeting in December, but would favor a 0.75 cent hike unless there was a significant improvement.
TECHNICAL OVERVIEW
Strong resistance has kiwi bulls frustrated. The confluence of EMA200 and the 0.62 level (61.8% Fibonacci) has investors considering a continuation of the call. The pair is up 12.5% from a low of 0.55 hit in October. A bearish channel on the daily bar chart has been broken, but the uptrend could change due to expected volatility from the rate decision and Thursday's meeting minutes. Confirmation of the 0.60 level as support could lead the pair to seek resistance at 0.64 (50% Fibonacci).
DXY INDEX Next Possible Move#DXY_INDEX
Patterns ( H & S , ASCENDING TRIANGLE , ELLIOT WAVES ) giving us the Direction for the Confirmation that it can Follow Buy Trend
In Short Time Frame #STF we can expect an Retracement Somewhere Between ( 106.963 - 107.660 ) that will confirm the Next Trend
Next Target Possible FIBONACCI LEVEL - 38.20% or D D Z ( will React as Resistance in Short )
¿Bullish engulfing or bullish trap?Introduce
Hello crypto community! We come from a busy week in the crypto world, and the sun is still overshadowed by various dark clouds and negative news. Remember, we have one of the highest weekly volumes ever in BTC history, a huge red weekly candle without much room for recovery. Remember that cryptosystems, even if they are more subject to speculation and the flow of smart money, first respond to the mathematical algorithms and codes that make them unique. Math never lies. If technically things don't rise and fundamentals don't help, the ideal recovery is far from happening. One big move, be it bearish or bullish, always leads to more moves slowly losing strength. We are just before the first movement Low.
Fundamentals
DXY started to recover this week, with the recovery slowing in major currencies, US500, commodities and cryptocurrency markets. The U.S. dollar index hitting the 109.3 level could lead to further losses in stocks. The bullish rally that started after favorable IPC data slowed. Also, we have retail sales data this week, more precisely on Wednesday, which will bring volatility to the market.
Technical staff
We have yet to reach support at 15.6k, we have bounced around 15.8k, found no buyers over the weekend and pulled a lot of money from exchanges due to the fear generated by FTX and its effects. If this level, which will now act as support, is not broken, we may face a partial recovery in price until the last confirmed resistance level is around 18.2k. around. Now, if we close above this level, the next resistance is at 19.2k, an area that the bears will defend.
This is not investment advice, good trades and profits! !
DXY Index New Possible Move#DXY ( Dollar Index )
- DESCENDING TRIANGLE Pattern formed Indicating the Trend Reversal and Break out of the Lower Trend Line
- BREAK OF STRUCTURE #BOS
- BEARISH Trend Continuation after the Break of DEMAND ZONE ( 110.237 - 109.477 )
- Buying Divergence in Long Time Frame #LTF
- Completed " 12 " Impulsive Wave and making its " 3 " Wave