Forex-analysis
GBP/USD SHORT TERM BUY OANDA:GBPUSD
Gbp/Usd 4hr TF showing Oversold Rsi And Stoch , possible retest of major support
Market Can make double bottom and can go up and retest the resistance level
Wait for market to test support and make double bottom or any bullish Candle pattern
Short term Buy is profitable
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Breaking Down the FX Market: What You Need to Know Get ready for a packed week of Forex analysis, traders! We're diving into the charts with a focus on the dollar, pound, and euro. But that's just the start - we're also keeping an eye on earnings from big names like Apple, Amazon, and Google. We'll take a look at a few charts on our watchlist and break down both technical and fundamental analysis. This week, we're paying special attention to central bank rate hikes with the ECB, BOE, and FED all in play. With the possibility of rate hikes and NFP on the horizon, it's important to stay ahead of the game. Follow our analysis and insights to make the most of this exciting week! Good luck and let's hit those charts!
DXY (US dollar currency index)Subscribe and get a free trading strategy for Bitcoin and Ethereum every day!
Globally nothing changed after my last idea on DXY.
As we can see the long scenario from here is more possible. There is support under the price, I mean bulls are hold falling every time.
The final target is 106.500. Red zones - temporary rollback zones.
P.S
I do not adhere to a time frame in my analysis of the instrument, a reaction in the instrument may occur earlier or later. It is important to understand the price movement when reacting to the level, as well as the buyer and seller reactions. Well, and a few more secrets, this material is not a trading recommendation )))
DXY (US dollar currency index)Subscribe and get a free trading strategy for Bitcoin and Ethereum every day!
Happy New Year and Merry Christmas my dear friends!🤑
What do you think? Will Santa bring such a present for dollar bulls?))
P.S
I do not adhere to a time frame in my analysis of the instrument, a reaction in the instrument may occur earlier or later. It is important to understand the price movement when reacting to the level, as well as the buyer and seller reactions. Well, and a few more secrets, this material is not a trading recommendation )))
GBPUSDSubscribe and get a free trading strategy for Bitcoin and other instruments every day!
Happy New Year and Merry Christmas my dear friends!🤑
The long idea at the 2H timeframe.
You can see the discount zone I showed and the double-bottom pattern.
P.S
I do not adhere to a time frame in my analysis of the instrument, a reaction in the instrument may occur earlier or later. It is important to understand the price movement when reacting to the level, as well as the buyer and seller reactions. Well, and a few more secrets, this material is not a trading recommendation )))
EURUSDSubscribe and get a free trading strategy for Bitcoin and other instruments every day!
Happy New Year and Merry Christmas my dear friends!🤑
The long idea at the 15M timeframe.
You can see the discount zone I showed and the double-bottom pattern.
P.S
I do not adhere to a time frame in my analysis of the instrument, a reaction in the instrument may occur earlier or later. It is important to understand the price movement when reacting to the level, as well as the buyer and seller reactions. Well, and a few more secrets, this material is not a trading recommendation )))
Martin Luther King Jr. Day - Market AnalysisKey events:
US – Martin Luther King, Jr. Day
UK – BoE Gov Bailey Speaks
The recently released CPI is prompting investors to question the Fed's plans to raise the overnight rate above 5%. The market doesn't seem to care, and after this data coincides with the forecast, yields are falling across the curve. Thus, 2-year Treasury yields have fallen to their lowest level since October, with room to fall substantially.
If the Fed really does intend to raise rates that much and maintain tight financial conditions, then it appears that the market is not listening to the central bank and not paying attention to what it wants.
This only suggests that the Fed's forward guidance is no longer working. The Fed will have to dig into its toolbox to convince the market that it is serious. The central bank may have to talk about accelerating the pace of balance sheet reduction or outright sales of treasuries and mortgage-backed securities.
The market indicates that the Fed's interest rate hike cycle is coming to an end, with the belief that the central bank will be forced to cut rates as soon as 2023. However, the Fed continues to insist that it plans to raise rates above 5% and leave them high and financial conditions tight for a long time.
The 2-year Treasury yields fell to their lowest level since early October. This is the first weakening in months. Apparently, the rate cut is now embedded in the quotes of not only the federal funds rate futures market.
As a consequence, the Fed will be forced to use balance sheet talk as a last resort to ensure that rates remain elevated and the dollar remains strong enough to prevent a stronger-than-acceptable Fed easing of financial conditions.
The market, on the other hand, is trying to figure out how much pressure it can put on the Fed to maintain tight financial conditions. If the central bank is serious, sooner or later it will try to fight back. Otherwise, the Fed will lose control of the public discourse and won't be able to tell the markets what direction it thinks they should go.
Talk of a higher overnight rate is no longer having the desired effect, so the next option for the Fed is balance.
If it doesn't use that option, the markets will take it as a signal that the Fed is okay with easing financial conditions and thus gives the markets permission to continue the rally.
Setups for MondayOrange pairs: AUDNZD, AUDCHF, NZDCHF, GBPCAD, EURAUD, GBPNZD, NZDCAD, EURNZD, EURCAD
Green pairs: USDCHF and GBPCHF
Purple pairs: AUDCAD and EURGBP
*
Orange = Moving away or getting slowly to our trade, not suitable for a trade yet unless it's giving a little bit more in our direction
Green = Close to a trade, needs a break for anything serious
Purple = Very close to a trade! Needs a retest or a break of exhaustion point for an entry.
Have a great week all! :)
EUR/USD loss 12/1/2022I entered this trade, was up pretty good for a bit then trend continued. Should have pulled out but greed set in I guess. Hit stop loss hours later. Added indicator to identify trend reversal which would have allowed me to enter earlier and gotten out when I should have. See my Short Position box and my entry exit points to see where I was during my trade.
Sell some of youe pre bought Aussies! If you were long AUDUSD and you did not close your position before weekend! close some of your trades now!
This is not a signal! This is just a forecast of a rarely bullish channel which Aussie may goes up through!
If the price broke the channel levels may works as S&R levels.
I'm still generally long on the pair.