[Currencies] Markets shifting phase, no money to be madeThe second half of July was fun. But now it is over. It is either time for some vacations, or some research & self-improvement.
Gold & Silver, Bitcoin, and major governement fiat currencies - usd pairs - are taking a break from their trends (if we can call this a trend for BTC).
I do not think there will be anything interesting in the coming days or weeks...
For my part other that those currencies I also look at some crosses regularly (with jpy I even only do crosses I don't even trade usdjpy), as well as a few commodities (Oil NatGas Copper).
Who knows, there might be something?
Commodities
Crosses
"Exotics" and crosses
Nothing too crazy.
I don't want to go completely analyse every 20 non usd currency pair I can think of.
And I'm thinking "is this good or not can't tell", if you have to ask this question then it is not good enough.
EURJPY could be interesting, better keep an eye on it this week.
Going to look at some old charts and do some self improvement.
Forex-gold
Looking for an entry on Gold?For the past week during the London into New York overlap price has been dipping down for a daily entry finding your close at or just after the close of the New York session. I marked the entries and exits with a red rectangle on each day this pattern has been currently appearing.
Gold Long setup formation!!Top Down Analysis
Daily Timeframe
Gold is still maintaining and uptrend to the upside. still holding between the 9 and 21 EMA .Super bullish as inflation kicks in!!!
H4 timeframe
Price is Forming UPtrend and we can see price is currently in a temporary consolidation and we could see price bounce between to level around
1815 high level and 1795 low level. so since price is currently trading between the zone we could see price reject the zone and continue to the upside and nice momentum for today friday close
H1 Timeframe
Nice rejection on the 1715 level. we need to still confirm the rejection with high momentum to the upside
XAUUSD Triangle Structure Break (LONG)My 4H analysis won’t change since the last COT Gold report came out bullish and no changes that could indicate a short momentum are noticed.
Since the 1st of July we are in a closed triangle structure where the upper and bottom trend lines are respected multiple times. A third rejection on the bottom trendline will be a good indicator that the price is ready to move towards the monthly critical 1800 area.
Other possible scenarios:
1. As I mentioned in my 4H analysis if the price wanted to go down, it would already have done that, so we are all the way bullish. It received support from multiple hourly critical zones. If the price respects our bottom trend line we must take care when it once again reaches the 1780 area and see how it reacts to it.
2. A false breakout towards the 1750-1760 and bellow is also possible. This way a lot of retail traders will be stopped out. Afterwards the price will reverse towards the 1800 area.
Happy Trading!
GOLD, will continue to move higher....Please Support this Idea with LIKE if it is Useful....
GOLD
The price is above key support/resistance level and price might be forming H&S pattern,If price continue to hold the Support then there is a chance that price might continue to grow,wait for the price to give bullish signal and look for buy opportunity..
For Entry:
Wait for the formation of Bullish Candlestick Pattern to close on 4hr timeframe for confirmation to Buy..
Trade it with proper Sl..
In case price breaks below the level then we can look for sell opportunity..
Push LIKE & SUPPORT the Idea...
*The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions
XAUUSD, Weekly analysis June 22-26Hi everyone,
Wish you for a successful trading week, Gold against dollar pair weekly analysis breaks the resistance of 1745 last friday. and all the price action set ups supports the price to go up till 1776 atleast. it may retrace the level of new support of 1745 and go up..but reversal also happen in the same week i believe .. since its in the closing of June month.. again we can expect a rise around the starting of the month of July..
Note- Price actions predictions based on technical analysis.. its not the final result of how the price goes..
GOLD: ELLIOTT WAVE ANALYSIS - WEEKLY CHARTHello Traders,
Welcome to my post, I'm happy to share you my current view on Gold. We're currently in the process of completing the fifth primary impulse wave. My final target for Gold is around $1860.
Fundamentally the price of Gold should continue to move higher as historically it works great as a hedge against inflation when central banks are increasing the money supply. In this case, QE infinity.
Feel free to comment, PM & share ideas.
Cheers to many pips!
XAUUSD, Weekly analysis , June 15-19Hi traders,
Wish you for the successful trading days,
Gold against Dollar pair is simply unpredictable these days, and expectation of going high towards 2k among traders make this pair very interesting one.
and last few week its been trading into Descending expanding wedge or Falling wedge pattern, which supports the bullish move.
since its in mid of june, may be pair tends to travel down before going up..chance of retrace the price of 1703 this week,
Note - Predictions based on pure technical analysis , Fundamentals impact also reflects in price movements..
Weekly Momentum On Major Pairs (Week 23/2020)
First Thing First: This analysis is for “general overview only” as it is solely based on price action. That’s why it is called momentum analysis in the first place. Support/Resistant, Volume Macro view nor any other factors are not used during write up. Refer to the individual pair analysis for a more comprehensive write up.
XXX/USD: Bullish
Gold & Silver: Slight Bullish
XXX/JPY: Very Bullish
Stock Indexes: Mixed (US index is Bullish & HK index is Slightly Bullish)
BitCoin: Bullish
Week 23 (30 MAY 2020)
GOLD is below Support, Sell on Pullback....Please Support this Idea with LIKE if it is Useful....
GOLD
The price broke below support/resistance level,after a pullback or retest of the broken level I expect the price to further decline to the next support level,wait for the price to make a pullback or retest of the level and if price gives any bearish signal look for sell entry...
For Entry:
Wait for the formation of Bearish Candlestick Pattern to close on 1hr timeframe for confirmation to SELL..
Trade it with proper Sl..
In case, if price breaks above the support/resistance then we have to wait for a clear direction..
Push LIKE & SUPPORT the Idea...
*The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
EUR/USD, Sell if price will do what i told you in this analysis You will learn the best place where we can trade EUR/USD at low risk.
Write in the comments all your questions and instruments analysis of which you want to see.
Friends push the like button if you like the idea - that would be the best THANK YOU.
Thank you for your support, I Love it.
P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade.