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Special Guest Intro / March NFP Top-Down Analysis 🎨Hello Traders! Today we were fortunate enough to have the ShrewdCatFx Illustrator make an appearance on the Air. Yes, it is that time of the month for NFP data! 0:0 Special Guest & Monthly Timeframe/NFP Expectations 2:32 Weekly Timeframe 3:43 Daily Timeframe 6:20 4Hr timeframe 8:27 1Hr Timeframe Numbers are expected to decrease over the prior period but growth is expected overall as 198K jobs are forecasted to have been created in February. The figure from ADP on Wednesday missed expectations slightly as 149K was expected and 140K was the actual figure. If the data tomorrow is better/more than 198K, then I'm anticipating a partial retracement of the increase we've observed so far this week. (Up 120 Pips this week) If the Data is close to what is forecasted (198K) or falls short of that number, then I anticpate a strong continuation move to the upside towards 1.09729 Daily Level and 1.09828 4Hr Zone. We may even moon towards the Monthly level 1.105. Otherwise, favorable numbers will cause a retracement (as previously mentioned) back towards 1.09039 4Hr Zone and 1.08834 Daily Level.
by ShrewdCatfx
Mid-Week Analysis of EurUsd / NFP Week 🛰️Hello Traders welcome back to another Video Analysis of EurUsd. NFP week typically never disappoints with volatility an big volume moves in the market. Today we observed a nice move to the upside that coincided with the Fed Reserve speech during NY session. 0:0 Monthly timeframe/News/Intro 1:40 Weekly timeframe 3:32 Daily timeframe 5:58 4Hr timeframe 6:41 1Hr timeframe Initially the 4hr candle closed with no top wick. Price consolidated for an hour prior to the Jerome Powell speech in which we observed solid volume and a 30 pip increase to the upside. We broke the previous Monthly candle's high which is quite bullish. Our next targets for Longs include the next 4hr zone 1.0926 and 1.095 Weekly resistance level. For Shorts we would like to see a break and close below 1.0895 1hr/4hr support zone. From there a retest would be a nice entry as price could retrace back towards our daily level 1.08834 which was our Daily resistance.. and now could act as a Daily support area for further Longs as the week progresses.
Long
by ShrewdCatfx
1
EURUSD KEEP FOLLOWING BULL MOVE LONG TERM The EUR/USD currency pair has been making waves recently, and it’s currently dancing around the 1.1150 mark. Here’s what you need to know: Recent Highs: The pair has been on a bullish streak, reaching its highest level since March 2022 after convincingly breaking above the 1.1100 mark. Bulls are flexing their muscles, and the euro is strutting its stuff against the US dollar 1. US Dollar Weakness: The greenback has been feeling a bit under the weather. The latest US inflation data showed signs of easing inflationary pressure, causing the US Dollar Index (DXY) to hit its lowest point since April 2022, hovering just above the 100.50 area. Odds of further rate hikes by year-end have also declined significantly 1. ECB’s Hawkish Stance: Across the pond, the European Central Bank (ECB) remains hawkish. Persistent inflationary pressure in the euro area is pushing them to consider raising policy rates by a quarter percentage point later this month 1. Upcoming Data: Keep an eye out for more US inflation data. The Producer Price Index (PPI) is estimated to drop from 6.6% to 6.1% annually, while the core figure is expected to decline from 5.3% to 4.8%. Additionally, the ECB will release the minutes of its latest meeting 1. Technical Levels to Watch Resistance: The immediate resistance lies near 1.1150. Support: On the downside, watch out for the previous daily low at 1.1005. Psychological Levels: The psychological levels of 1.1100 and 1.1200 are crucial battlegrounds
Long
by NYRUNSGLOBAL
XAUUSD Technical Analysis 7th March 2024 1h chart– Wednesday Daily candle closed strong Bullish around 2148.300 as the strong Bullish momentum continues. i’ll be looking for potential Buys above 2152.500 targeting Strong Key Level around 2160.000 and another Key Level around 2170.000. I’ll be looking for potential Sells below 2140.500 targeting 4h previous Resistance formed around 2031.500 and the next 1h Strong Support around 2123.900. High Impact News ahead of the New York session for the US Dollar, High volatility expected.
OANDA:XAUUSD
by SalimFX20
DOLLARINDEX REACH DAILY TARGET 103.200 Life happen for you not to you.. those who fail to plan, plan to fail.. Traders our discipline and consistency prevail again today. If you don't fail you are not even trying, don't complain about the trades you lost and the money you did not make.. A lot of people spend dollar but do not make money from it.. With detailed analysis we have prepared ourselves for success by just preparing for one bag. DXY drop from 104.000 to 103.300- .200 area. We bagged 200 pips from GOLD You have a skill that only 3% of the world population have, that why you should not quit. I will never quit.. I love trading.. Today is successful Looking forward to tomorrow. Thanks for trading with me today.
TVC:DXYShort
by stuckinprofit
XAUUSD Technical Analysis 6th March 2024 1h chart– Tuesday Daily candle closed Weak Bullish as price forms a new range on the Hourly timeframe. I’ll be looking for potential Buys above 2134.000 anticipating for price to fill the previous Daily High around 2142.000 and to potentially retest the Monthly Rejection formed in December 2023 around 2149.300. I’ll be looking for potential Sells below 2123.000 targeting 1h Support around 2114.300 and 15min Rejection around 2107.800. We have high impact news ahead of the New York session for the US Dollar.
OANDA:XAUUSD
by SalimFX20
Lower Prices Expected on the EURUSDOn the Weekly chart, we witnessed a few months back how price soared into the Weekly reversal zone. Since its entry into that zone, the market turned bearish and we took on a bearish perspective for this pair. Since then, we have seen this pair continue to melt bearish. Price is expected to dip all the way down to our Weekly liquidity level at 1.04469, and beyond. Upon attaining that level, prices is expected to witness a major bullish pullback into the bearishi swing. On the smaller timeframes of the Daily down to the 1 hour, we will look to spot our trends that align with the higher timeframe perspective. This is the best way to trade, to avoid being caught up in a reversal or unclear market conditions.
Short
by PanzyPips
GBPUSD is going down. But How Far down?Hey guys, in this video, you will see my thoughts and perspective on the direction of the GBPUSD. Please pardon the sound quality. I had some issues with sound this morning. There was the temptation to not send it out because of the poor sound quality, but I thought it was better to send it out anyway, as i am convinced this piece of information will be helpful to a few or more persons. Comment with your thoughts. Give a boost if you agree, and if you don't, still give a boost, but share your perspective in the comment section. I will like to learn a thing or two from you too.
Short
by PanzyPips
2
DXY - 4H bullish signsBased on the chart, my bullish stance on the DXY (U.S. Dollar Index) is due to the clear pattern repetition visible in the price action. The Index has formed what appears to be a bullish channel pattern, showing higher lows and higher highs within a confined range. The recent break above the consolidation zone within the channel suggests a continuation of the uptrend. The repeated ability of the DXY to bounce off the lower trend line of the channel and push through the upper bounds demonstrates a strong underlying buying pressure. Historically, patterns like these can often precede further upward movements as the market respects the established trend. This technical analysis implies that the DXY has the potential to continue its upward trajectory, maintaining the trend that has been established over previous cycles within the chart. Remember to follow for more updates and insights as we keep an eye on the DXY's performance.
TVC:DXYLong
by Sober_Trading
🇺🇸 President Joe Biden’s Bearish Remarks on the USD vs. CNY 🇨 Ladies and gentlemen, my fellow Americans, and all you Zoomers out there, gather 'round! Uncle Joe’s got some thoughts about our greenbacks and those sneaky Chinese Yuan. Buckle up, because we’re diving into the financial rabbit hole. 🐇 1. “The Dollar’s Got Swagger” You know, folks, the U.S. dollar has been strutting its stuff for centuries. It’s like that cool kid in high school who always had the latest sneakers and a killer mixtape. Well, guess what? The dollar’s still got swagger. 💸 2. “Yuan? More Like Yawn!” Now, let’s talk about the Chinese Yuan. Sure, it’s got pandas on its bills, but pandas don’t pay the rent, my friends. The Yuan’s like that kid who shows up to the party with a veggie platter. Nice try, but we’re here for the pizza. 🍕 3. “Quantitative Easing? Nah, We’re on a Diet!” Our Federal Reserve’s been flexing its muscles, printing money like it’s going out of style. But guess what? We’re not on a doughnut binge. We’re on a financial diet. No more QE buffets. 🍩 4. “Trade Wars? More Like Pillow Fights!” China and the U.S. have been duking it out in trade wars. But honestly, it’s like watching two toddlers in superhero costumes pillow-fighting. Cute, but not exactly world-changing. 🛌 5. “0.11 CNY/USD? That’s a Bargain!” So, rumor has it the yuan’s gonna dump to 0.11 CNY/USD. Well, let me tell you, that’s practically a yard sale price. Sell one, get one free! 🛒 6. “Zoomers, HODL Your Avocado Toast!” To my Zoomer pals: Forget avocado toast for a sec. HODL those dollars like they’re vintage Pokémon cards. Trust me, when the Yuan’s doing the cha-cha, you’ll thank me. 🥑💰 7. “Crypto? Nah, I Prefer Monopoly Money!” And don’t get me started on crypto. It’s like playing Monopoly with invisible cash. Pass Go, collect Bitcoin. But give me that real green paper any day. 💵 In conclusion, my fellow Americans, let’s keep our eyes on the prize. The dollar’s been through wars, recessions, and disco fever. It ain’t backing down. As for the Yuan, well, pandas are cute, but they won’t save your retirement fund. Stay woke, stay dollar-wise, and remember: In Joe we trust (and a little bit of Ben Franklin). 🇺🇸💪 Disclaimer: This post is purely fictional and for entertainment purposes. No actual financial advice here, folks. Consult your financial advisor, not Uncle Joe. 🎩🤝
Short
by TheTraderrr
EurUsd Buyers battle @ 1.086 4Hr Zone ⚔️Hello traders welcome back to another Analysis. //// 0:0 Monthly/Introduction 1:06 Weekly Timeframe 2:24 Daily timeframe 2:58 4Hr timeframe 4:15 1Hr timeframe //// We have upcoming (USD) PMI manufacturing data during the next NY session to look out for. It is expected to expand overall but decrease slightly from the last data point. Coming out of last Friday and during Monday's price action we observed Risk on sentiment with the Eur being favored. Maybe this will come to a halt, and during today's price action we will see a retracement back down with the positive expected USD data. If Risk-On sentiment continues, a candle closure above 1.086 on the 1hr and especially the 4hr may confirm solid long orders up to the next daily level (1.0888).
by ShrewdCatfx
XAUUSD Technical Analysis 5th March 2024 1h chart– Monday Daily candle closed extremely Bullish tapping into 2120.000 level as the Friday Bullish momentum continues. I’ll be looking for potential Buys above 2120.000 targeting 2130.000 and 2140.000 as strong Key Levels to be tapped in the anticipation for price to fill parts of the Rejection Wick on the Monthly timeframe. I’ll be looking for potential Sells below 2107.600 targeting 15min Support around 2099.000 and 1h previous Resistance around 2088.700. Ideally is to allow price to range during Asian session and wait for Pre London session to either continue the Bullish momentum or correct the recent Bullish move.
OANDA:XAUUSD
by SalimFX20