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XAUUSD Technical Analysis 26th February 2024 1h chart– Previous Weekly candle closed strong Bullish around 2035.400 forming Weekly Support around 2013.200, Friday Daily candle closed Bullish within Daily Resistance formed back on Wednesday 7th February this year. I’ll be looking for potential Buys above 2041.700 targeting previous 1h Support formed on 1st February at 2046.200 and previous 4h Range formed around 2052.600. I’ll be looking for potential Sells below 2033.300 targeting 30min Support around 2027.000 and 1h previous Support around 2020.700. Despite the Weekly and last Daily candle closing Bullish there is a high probability for price to reject the 2050s / 2052s range as price previously ranged around those levels.
OANDA:XAUUSD
by SalimFX20
EURUSD, DOLLAR FALLING??This is a EURO / DOLLAR chart, We are currently neutral in-terms direction bias for this week. Non-Farm Payroll definitely will be the influential factor to our setup. Setup Breakdown : WEEKLY Price is in the Discount in terms of the weekly range and we have seen the first bullish candlestick in the last 5-6 months. Note : The Premium - Discount zones further left. Price in the weekly has traded into the Bullish Orderblock and the 2 weeks ago low has been taken out, hence the bullish candlestick for last week's trading. DAILY We have a Swing Low After or during a Turtle Soup. Accumulation and price trading down to a weekly PD Array + taking out stops, makes it more possible to see a AMD Trade . two large down candles = Orderblock from the weekly, we measured half of the two last down candles and we identified a CE. Below that we have a Balanced Priced Range/ Bullish FVG. Price inefficiency (notice the latest continuous up candles, well they have created a price inefficiency, Price needs balance. [Hence our speculation of the EU shorting towards our Bullish/ Daily Discount Arrays We looking to trade towards the Balanced Price Range (BRP) which is inside the Orderblock SETUP Expectations Bullish conditions Price seeks a PD Array to take out the Buy side liquidity laying above, trading to the Weekly Bearish Orderblock . Thus confirming our AMD The BRP / +OB / +FVG are our Points of interest, we look to initiate the longs there, just switch to a 15 Minutes or and look for a valid entry between London Killzone / New York Killzone. There's a high possibility that this is a NFP Setup We now operating as Proff_InvestsZA, which is actively throughout our social media incase you have questions you wanna ask. DISCLAIMER : Before using this Tradingview account setups, please make sure that you note the following important information: Do Your Own Research (DYOR) Our content is intended to be used and must be used for information and education purposes only. It is very important to do your own analysis before making any investment based on your own personal circumstances. You should take independent financial advice from a professional in connection with, or independently research and verify, any information that you find on our Website and wish to rely upon, whether for the purpose of making an investment decision or otherwise. No Investment Advice Our Tradingview account is a financial data and news portal, discussion forum and content aggregator. Circle Forex Institution (Proff InvestsZA) is not a broker/dealer, we are not an investment advisor, we have no access to non-public information about publicly traded companies, and this is not a place for the giving or receiving of financial advice, advice concerning investment decisions or tax or legal advice. We are not regulated by the Financial Services Authority. We are an educational forum for analysing, learning & discussing general and generic information related to stocks, investments and strategies. No content on the site constitutes - or should be understood as constituting - a recommendation to enter in any securities transactions or to engage in any of the investment strategies presented in our site content. We do not provide personalised recommendations or views as to whether a stock or investment approach is suited to the financial needs of a specific individual.
by Prof_Invests_ZA
Forex weekly outlookWeekly outlook TVC:DXY NASDAQ:EU $gu The #DOLLAR chart does not look clear to me. Last week we had the 1W fvg as DOL and it just worked perfectly. But the way we have reacted to the 1W fvg suggests we get at least a short term rise on $dxy. Until we get a decisive close below the 1W +fvg or above the 1D -ifvg, nothing is clear. I will be patient and start trading from Tuesday. All weekdays look promising since they have high impact TVC:DXY news. Will update again after Monday daily close.
TVC:DXY
by chartmaster1991
XAUUSD Technical Analysis 23rd February 2024 1h chart– Thursday Daily candle closed weak Bearish forming Daily Resistance and rejecting Daily Resistance formed on 7th February around 2035s. I’ll be looking for potential Buys above 2031.100 targeting Daily Resistance at 2036.000 and 1h Resistance at 2042.600. I’ll be looking for potential Sells below 2021.100 targeting 4h Strong Support at 2016.900 and next 1h Strong Support around 2011.700. The Buys and Sells targets remained the same for 3rd day this week as price still ranging on the 4h timeframe within the No Trade Zone we’ve had in place.
OANDA:XAUUSD
by SalimFX20
XAUUSD Technical Analysis 22nd February 2024 1h chart– Wednesday Daily candle closed weak Bullish as price keeps on consolidating on the 4h timeframe. I’ll be looking for potential Buys above 2031.000 targeting Daily Resistance at 2036.000 and 1h Resistance around 2042.600. I’ll be looking for potential Sells below 2021.900 targeting 4h Strong Support around 2016.900 and 1h Strong Support around 2011.700. The analysis kept almost the same as the one posted yesterday as price consolidated within the No Trade Zone identified previously.
OANDA:XAUUSD
by SalimFX20
XAUUSD Technical Analysis 21st February 2024 1h chart– Tuesday Daily candle closed Bullish around 2024.500. I’ll be looking for potential Buys above 2030.500 targeting Daily Resistance around 2036.000 and 1h Resistance around 2042.600. I’ll be looking for potential Sells below 2022.500 targeting 4h Strong Support at 2016.900 and 1h Strong Support around 2011.700. The idea posted on the previous analysis for price to form 4h Resistance is already coming into a play despite the last 4 Daily candles being Bullish as the current Bullish trend on Gold could be Weekly candle forming top wick before breaking the lows to fill the previous Weekly low.
OANDA:XAUUSD
by SalimFX20
DXY Analysis: Navigating Currency Trends Amid Economic DynamicsHey Traders, In today's trading session, we're closely monitoring the US Dollar Index (DXY) for a potential buying opportunity around the 103.700 zone. DXY, a key measure of the dollar's strength against a basket of major currencies, has been exhibiting a clear uptrend in recent sessions. Currently, it's undergoing a correction phase, edging closer to the critical support and resistance area at 103.700. This presents an intriguing setup for traders seeking to capitalize on the dollar's strength. Adding depth to our analysis, recent economic data, particularly the Consumer Price Index (CPI) figures in the United States, have provided insights into the dollar's underlying strength. The latest CPI data, indicating resilience in inflation with a positive deviation from expectations, has underscored the robustness of the US economy and supported the case for a stronger dollar. This fundamental backdrop aligns with our technical outlook, further bolstering the potential buying opportunity we're observing in DXY. Considering these factors, we're keeping a close eye on DXY as it navigates this correction phase, anticipating a potential bounce from the 103.700 support level. As always, prudent risk management and adherence to your trading strategy are paramount in navigating the markets.
TVC:DXYLong
by JoeChampion
DXY(US Dollar),🔴Can grab the sell-side liquidity?🔴 As you can see the price consolidating for a while and we should see what happens next. By looking at the chart, we can figure out the price created the sell-side liquidity that formed as equal lows that can be smart money targets. In that case, I don't want to see the price go higher than the key level (107.675). In addition, there is the hourly bearish FVG that can keep the price and act as a resistance. So if the price can close below the liquidity void (104.280), we can expect to see a lower price. 💡Wait for the update! 🗓️20/02/2024 🔎 DYOR 💌It is my honor to share your comments with me💌
TVC:DXYShort
by VahidTradingCR
3
XAUUSD Technical Analysis 20th February 2024 1h chart– Monday Daily candle closed small Bullish as price ranges on the 4h timeframe. I’ll be looking for potential Buys above 2022.400 targeting 1h Resistance at 2028.400 and 4h Resistance at 2034.400. I’ll be looking for potential Sells below 2013.100 targeting 1h previous Resistance at 2007.600 and recent 4h Support at 2001.300. There is still a good probability for price to fill the previous Weekly Low. Would be good to have 4h rejection to upside followed by 4h / Daily Resistance to have the probability on our favour
OANDA:XAUUSD
by SalimFX20
XAUUSD Technical Analysis 19th February 2024 1h chart– Previous Weekly candle closed weak Bearish with an almost 300 pip Rejection wick to the downside. Friday candle closed Bullish retesting the previous Weekly Support area formed at the end of January 2024. I’ll be looking for potential Buys above 2015.300 targeting previous 4h Support area formed around 2020.000 and recent 4h Resistance formed at 2026.800. I’ll be looking for potential Sells on close below 2008.500 targeting recent 4h Support at 2001.400 and 1h Support around 1996.000. Despite the Weekly closing Bearish with a rejection to the downside there is still a good probability for the new Weekly candle to fill the Rejection wick.
OANDA:XAUUSD
by SalimFX20