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EURUSD Potential Forecast | 6th March - 10th March 2023Hi everyone, CY back with another forecast. Let's prepare for a heavy and potentially volatile week ahead! Today's forecast will be for the upcoming week and the general direction where price can potentially head too with EURUSD. Let me begin.. Fundamental context 1. Next week will be an important week for the USD and there will be the NFP data release that determines the job/labor market in the US. 2. Given Jan's whopping NFP print of 517k jobs , will the job market continue its resilience and stay strong consistently? Or was the month of January just an anomaly? 3. EUR is also riddled with plenty of economic news and data releases such as the retail sales m/m and CPI news release. 4. Mixed sentiments surrounding the USD due to the "hot and cold" data news releases , from the poor durable goods orders m/m due to Boeing, to the decent ISM manufacturing index and to the weakening consumer confidence in the US. 5. However, next week will provide a confirmation to the upcoming bias for the dollar. MY PERSONAL TAKE I believe the USD will continue strengthening . The economy in the US has proved far more resilient than ever and the 517000 jobs added for the month of January was not due to an anomaly and there were gains in almost all sectors of the job market. If there is one thing, never bet against the USD. Technical context 1. Price has been stuck in a 158.2 pip range. 2. On the HTF, EURUSD is still on a bearish trend. 3. However, on the H1 timeframe, EU is on a bullish trend. 4. Price has already swept buy-side and sell-side liquidity as marked by "liquidity taken". 5. Price is currently hovering at a LTF supply zone. (expected to be broken due to Monday's asian opening volume) 6. Price can continue heading up to clear the HTF buy-side liquidity as marked by the red line, which will then come back lower to sweep the HTF sell-side liquidity. 7. Inducement has been marked which serves as a greater confluence for price to tap into. Thanks for tuning into my forecast on the upcoming week. Pleasure to have you all here. Best Regards, CY
Short
by Jon_Jones_Junior
follow the little black man to new gold highsxauusd , gold spot / u.s. dollar 2023 ... will gold reach new highs ? the precious metal has been trading in a consolidation phase since second quarter of 2020, trading between 2 significant levels of average price of low @ 1687.000 and high @ 1933.000. market momentum changed from bullish to bearish @ $1933 making a -7.15% loss in price to current price, i anticipate that this bearish run to continue lower to liquidity pool ranging from @ 1779.400 to 1766.700 and find some support on trendline acting as dynamic s/r level . my overall bias for the year is bullish for the precious metal with the right catalyst and fuel (fundamental) and momentum price can reach new highs trading above current ath @ 2075.282 (as of OANDA price feed) it is still early days of the year and a lot can happen as there are plenty opportunities around, lets keep a close eye on the market and be ready for such opportunities! supply and demand never say never, because limits, like fears, are often just an illusion. put together by : Pako Phutietsile presented by : @currencynerd courtesy of : @TradingView
OANDA:XAUUSDLong
by currencynerd
5
RLinda ! GOLD-> Consolidation above the lvl will give the targetGold on the daily chart hints at the end of the correction and the formation of a set-up, which might herald the recovery of the lost growth. The price breaks through the strong level of 1843.37 and there is only to wait for the bulls to hold this position, in which case the futures will open the way for a breakdown of the channel resistance and a recovery to the area of 1865 and 1900. I assume that after the price consolidates above 1843, followed by its breakthrough of the channel resistance, there will be a quite active growth to the previously mentioned targets: 1865 and 1900 Regards, R. Linda!
OANDA:XAUUSDLong
by RLinda
33
DXY (Dollar index) Daily: 21/01/2023: Bull or Bear? Well, as you can see now I believe in a bear market. Bear scenario: Now we have a market consolidation that results in the accumulation of liquidity on both sides of this area. in addition, we have daily resistance that you can see on the chart that can push the price down. Bull scenario: The primary basis of this idea is that the weekly Demand zone can play a crucial role in changing the market way and the price move higher for collecting the liquidity above equal high and filling the fair value gap. 💡Wait for the update! 🗓️21/01/2023 🔎 DYOR 💌It is my honor to share your comments with me💌
CAPITALCOM:DXYShort
by VahidTradingCR
1
EURUSD Potential Forecast | Friday 27th January 2023Hi everyone, today I will be talking about a possible EURUSD short trade using Smart Money Concepts. Trade idea 1. Price has swept buy side liquidity above on the weekly 2. Price then had a strong bearish reaction which broke sub-structure 3. Price is currently on a retracement 4. Lower blue zone has been marked out as a potential point of interest to look for short set ups 5. Will wait for confirmations such as a break of structure and sweep of liquidity on LTF Things to take note of: 1. There is fundamental news PCE price release tonight at 930 pm SGT. Do trade safely for those taking the same trade. Trade safe guys! Regards, Chern Yu
Short
by Jon_Jones_Junior
2
GOLD 240The price breaks through the local resistance of 1821, from this level the price can continue to rise to 1858 or retreat to the support zone , but it will still be within the accumulative range. In the medium term, a breakout of resistance at 1858 could take the price to the 1900 mark. My guess is that gold will be in the accumulation phase for a long time, but at the moment the bulls are ruling the market and they continue to dominate the situation, which means it is worth considering long scenarios. I expect the price to start rising either from the channel support or from the level of 1821. The short-term target is resistance at 1858 Regards,FARHAD
TVC:GOLDLong
by farhadataeiyar
4
BTC BREAKDOWNIf everything goes as I expect down on the chart where the arrow is pointing in that candle we will see on the 30 minute chart a big increase in volume, on the price chart we also want to see a big black candle ending somewhere around $16975 which will look right into the SHORT for retail and we can go straight up, if there volume will not be downward but instead shoot up I would expect there to be somewhere close to the high of the trend which may change with the results of inflation on Thursday
Long
by Crypto-Frantisek