Foex
EurGbp will be bearish bias. Should be pullback to shortHello fellow traders , my regular and new friends!
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XAU continues to rise due to the warTechnically, bullish gold futures have a strong typical near-time period technical advantage
Bulls` subsequent upside charge goal is to provide a near for June futures above strong resistance at 2,400
With facts from US commodity charges, it's miles possibly that the USD will preserve to sag and can be susceptible whilst the September assembly approaches.
Gold charges are possibly to weaken this summer, probably into May and June because the Fed delays reducing hobby rates. However, if inflation withinside the US remains managed and americaA economic system suggests symptoms and symptoms of weakening, gold has the possibility to growth its rating following the weakening of the USD.
Cooling inflation will assist the Fed quickly make a choice to decrease hobby rates,
AUDJPY H4 | Rising to resistanceAUDJPY is rising to an overlap resistance, from there it could potentially rise to the take profit level.
Buy entry is at 96.932 which is an overlap resistance that aligns with the 61.8% Fibonacci retracement.
Stop loss is at 96.288 which is a pullback support.
Take profit is at 97.775 which a pullback resistance.
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CHFJPY Price is currently in a 4H Uptrend channelCHFJPY Price is currently in a 4H Uptrend channel. It is hovering near the 170.000 psychological level, as well as the 4H Demand.
I will be looking for entries the moment price taps into the 4H Demand and forms a bullish rejection at 169.300 - 169.600.
I expect price to continue heading its way upwards to the 172.000 psychological level, following the channel.
Bitcoin H4✔️ In the daily time, it hit a very important area and moved up from FVJ. If the daily zone below our FVG is broken and a close is recorded below it, we can expect the price movement to the next daily zones and even a floor break.
✔️ But currently and according to the weekly structure, we can expect correction to even the number of 32 thousand.
✔️ It is definitely best to wait for the necessary confirmations in time for at least one hour for the next decisions so that the assignment of this very important area is determined.
GBPNZD seems bearish to 1.8267 with a warningInverse Cup and Handle has formed on daily with not a great handle (but a Bear Rectangle)
MAs all clustered which signals indecision with which direction it wants to go.
There is clearly strong momentum to the downside and so the target is 1.8267
With the current tax issues in the UK since Liz Truss and the failing economy, investors are more wary with the pound and the direction on where it's going.
The aftermath is showing more downside to come.
Bearish bias
XAUUSDHello traders ,what do you think about GOLD? In this week, we are still bearish on gold and we are looking for a selling position in the resistance areas, so in the resistance areas, we can enter the sell by getting confirmation.
If this post was useful to you, do not forget to like and comment.❤️
CAD/JPY: Change of market structureCanadian Dollar/Yen Japanese could to forming a possible bought continuation, so, as we was in short position, we closed up this trade as we fall it. this movement. But in based my perspective, we don't see short for now and long for now. At the moment, the market it's move to the upside, but in case that CAD get strength, we could see a bought in the following zone that I mark $104.70 JPY and $104.40 JPY, what we need to closed up and keep away of this trade, if I know it, I closed up this short when we see this bullish movement, what I will take this analysis to work better and not focus in H4 becuase the armonic pattern what I show you fall this prediciton what I thinking. But now, analyzing the H1, we found out that CAD/JPY forming a change of market structure like ascending channel and lower high in the price, what mean a possible change of trend.
I hope that this idea support you, at the moment, we would need to wait a little more, in case to short this trade,we would need to break-out of the EMA 200 and 2nd support zone on $104.35 JPY.
I hope that this idea support you!!!
XAUUSD 30 mintHello Traders, here is the full analysis for this pair, let me know in the comment section below if you have any questions, the entry will be taken only if all rules of the strategies will be satisfied. I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied.
The way I told you, you have to trade like this and you will have more profit always and you will not be a loss.
🎯NZDUSD is a good prospect for building a trading pyramid●● Preferred count
● NZDUSD (IDC): 🕐1 M
As expected back in the distant 2019 , after the completion of the double zigzag , growth followed, presumably within the third wave of the ending diagonal c of (IV) .
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● NZDUSD (SAXO): 🕐 1D
Primary wave ③ is likely to show a double zigzag shape (W) - (X) - (Y) .
In the area indicated by the blue channel, the completion of the correction (X) and the subsequent resumption of growth by the final wave (Y) is expected.
As a local alternative, wave (X) can take the shape of a triangle or a flat correction .
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● NZDUSD (SAXO):🕐 4h
I recommend keeping a part of the short position with an eye to implementing an alternative count.
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●● Alternative count
● NZDUSD (IDC): 🕐 1M
The alternative wave count has not changed. There is a possibility that the wave Ⓧ of I has assumed the form of a flat .
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● NZDUSD (IDC): 🕐1D
Most likely, wave (C) of Ⓨ will go beyond the top C of (B) , level 0.54720 , reaching the lower border of the 0-Ⓦ-Ⓧ channel. Not a bad prospect for building a short trading pyramid.
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