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DXY is minor ranging here(4/2/2024)In our last analysis, we had anticipated a bullish move in DXY. Right now, because of selling pressure in DXY, the momentum has gone weak. Plus, the market is waiting for NFP/Unemployment news. So we are expecting a minor correction /range in DXY. Our technical view has been shown in the chart. If you like it then Support us by Like, Following, and Sharing. Thanks For Reading Team Fortuna -RC (Disclaimer: Published ideas and other Contents on this page are for educational purposes and do not include a financial recommendation. Trading is Risky, so before any action do your research.)
ICEUS:DXY
by fortunamarkets
USDJPYWEEKLY Previous candlestick confirmation were 2 bullish engulfing candles which gave us bullish movement. DAILY 152.100 our rejection level, even got a reversal candlestick right on it but we will wait for the next few candles. Rather an immediate breakout either up or down, we have consolidation. 4H It's just more consolidation, up and down, averages no immediate or directive. 1H Just an assumption to the upside, but it's not guaranteed. 15Min Will wait for 151.800 to be hit before doing anything
by Mhangwane1
USDJPY DAILY OUTLOOK AFTER THE END OF Q1The 1st Quarter of the year has come to an end and buyers dominated the market for the past 3 months. And price closed at the previous years high. The question going into the mind of trader is, “will the bullish strength continue ? Well,to get answer to that, we’ve been able to identify couple of trend-lines & key levels to help us navigate the potential trajectory of the market. If price is able to break above 151.820 and provide one of the valid entry requirements, we’ll go long while a break below trendline and 146.740 insight a bearish sentiment.
by Cartela
Monthly Candle Closure Volatility ♠️Some banks and Institutions require their execution desks to close positions as the month comes to and end. This sometimes causes wild and irrational choppiness in the price action. Caution as the market closes out the month of March 24'. PCE data is forecasted to decrease which could spark some optimism and a rebound to the upside to end the month. If not, we may very well see a continuation of momentum with safe-haven buying of the USD aka EurUsd heads to the sea floor. Next target for shorts is weekly level 1.07663 and 1.07451 4hr zone. 0:0 Monthly timeframe 3:42 Weekly timeframe 5:30 Daily timeframe 7:03 4hr timeframe 9:30 1hr timeframe and upcoming news
by ShrewdCatfx
1
Retest 1.083 prior to more Downside -> EurUsd 🐺Based off fundamentals and apparent momentum in the market, my bias remains as bearish for the EurUsd currency pair. The Monthly candle has reteaced nearly all of it's gains as we come to a close in 2 days. The the top wick signals rejection from the high of the Monthly resistance to me (1.103). This coincided with Jobs data and Increasing inflation data and the last few weeks we have observed bearish momentum in the market. Yes this week so far we have recieved some buying pressure off the 1.0805 daily support level. Although with GDP data forecasted to remain unchanged tomorrow and Housing data expected to grow for the U.S. economy, I can observe more potnetial USD strength to end the March Monthly candle. First target is 1.0805 retest of the Daily support level, then 1.08 4hr zone and ultimately 1.0768 weekly level
Short
by ShrewdCatfx
4
March 24' Rejection of 1.09485 --EurUsd-- Fundamental Outlook🎬Since the March 8th touch into 1.09485 Weekly level, we have depreciated 146 Pips on Eur/Usd. In Today's analysis we break down the most important News events of March 24'. These include NFP, CPI, and Interest rates. All of these news events have played a significant role in the downside movement we can observe on EurUsd across the past 2-3 weeks. Leave a rocket and share for more similar analysis in the future. Safe Trading
by ShrewdCatfx
Gold has retest the resistance and reject now it can go down ?I hope this analyse finds you well. I wanted to bring your attention to the latest developments in the gold market. Despite facing headwinds from a strengthening US dollar, gold prices are poised for their fourth weekly rise in five weeks. This resilience can be attributed in part to the supportive stance of the US Federal Reserve, which has maintained its commitment to interest rate reductions throughout the current year. The recent surge in the US dollar, now on track for its second consecutive week of broad gains, has exerted downward pressure on gold prices. This trend follows noteworthy events such as Japan's unsuccessful interest rate hike and Switzerland's surprise interest rate cut, highlighting the contrasting monetary policies between the US Federal Reserve and its global counterparts. In light of these developments, it's essential to stay informed and agile in our investment strategies. Should you have any questions or require further clarification, please feel free to reach out.
OANDA:XAUUSD
by Alexview009
The Great Wall of 1.0805 Daily Level 🐼Enough to Stop the Risk-Off Sentiment? Daily Level 1.0805 may act as a temporary support level and we may observe a bounce and retracement early in the week here. During the first session of the week, Asian has observed some nice volatility off this Daily support level created on March 1st of this Month. 18 pips bounce already and I anticpate that by the end of New York session we will observe some sort of dead cat bounce after the freefall drop from the prior week. Target for a retracemnet is 1.08279 4hr zone. Retracements are a healthy part of a trending market but we don't have to bounce necessarily. We may very well just cntinue to drop towards our next siginifcant level and clear a 40 pips range down to Weekly Support level 1.0768. Intro and monthly timeframe 0:0 Weekly timeframe 2:13 3:52 daily timframe 6:29 4hr timeframe 7:49 1hr timeframe
by ShrewdCatfx
TECHNICAL TUESDAY 3/26/24Today may or may not pan out as far as triggering an entry. As of right now we are hitting 2 out 5 on the checklist which means, NO ENTRY. Will revisit at 0845. what will I be looking for? US Core Durable Goods Orders US Durable Goods Orders Why? Because 'actual' less than 'Forecast' is good for precious metals. If this happens at 0830, Ill feel better about entering the buy stop. Why will I not be selling even if given a signal? Welp Jimothy, because its above water and thats a no-no. And for the love of sweet baby Jesus, please dont over leverage. ********Disclaimer******** The trade ideas and insights provided on this channel are for informational and educational purposes only and should not be construed as financial advice. Trading involves substantial risk and is not suitable for everyone. You should carefully consider your financial situation and consult with a qualified financial advisor before making any investment decisions. Past performance is not indicative of future results. The content shared here is based on personal opinions, analysis, and interpretation of market trends, and it may not always be accurate or up to date. By participating in these trade ideas and insights, you acknowledge that you are solely responsible for your own investment decisions and any outcomes that may result. The moderators and administrators of this channel shall not be held liable for any losses incurred from trading activities. Always conduct your own research and due diligence before engaging in any trading activities.
OANDA:XAUUSDLong
by iMosiah