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GBPJPY Technical Analysis 27.03.2023 1h chart– Previous Weekly candle closed Bearish at 159.800, Friday Daily candle also closed Bearish as it broke below recent Daily Support formed on Monday 20th March 2023. – Buys on close above 160.030 targeting 1h previous Support formed on 23rd March 2023 at 160.390, Leaving Runners to the 1h Resistance formed at 160.770. – Sells on close below 159.270 targeting 4h Support at 158.950, Leaving Runners to the Monthly Support formed in January 2023 at 158.420. – Bank Of England Governor Andrew Bailey due to speak at the London School of Economics after the London session close.
by SalimFX20
3
USOIL OUTLOOK (27th - 31st March)With central banks having to promise they would deal with the liquidity crisis that is apparently everywhere and avoid another 2008-style meltdown of the industry. Crude oil prices came off their lows as the near-term outlook for the banking sector improved, easing concerns about an economic slowdown later in the year. Markets are also holding out for more cues from an OPEC+ meeting next month, with hopes that the cartel will cut production in response to a recent tumble in prices. Oil has failed to break supply at 70.11 for the past three days which price is likely suggesting the efforts to convince the public that all will be well are not exactly being successful. If price fails to break and close above 70.11-70.34 range I see selling opportunity towards major support at 66.85 if broken would see price tap into demand at 66.33-64.31 range where there could be possible reversal or a continuation.
TVC:USOIL
by Hybe7e
1
GoldViewFX - 4H CHART UPDATED LEVELS & TARGETSHey Everyone, Please see our updated 4H chart Goldturn support and resistance reaction levels and updated targets. We have also updated the chart with our Goldturn ascending channel which take out the candle noise and our unique way of drawing channels. The channel support is being tested and may extend into the retracement zone. However, if EMA5 maintains its position above the Goldturn channel support, we should see a push up to at least the channel half-line at 2005. 1991 Goldturn is providing resistance which provided the momentum for the push down to support. A break above 1991 with EMA5 will confirm and solidify the gap target above. Should we see price break out of the channel for a retracement test, we will need to wait and confirm support above with a Goldturn or a close below the range will open the swing range. BULLISH TARGETS 1991 2005 EMA5 CROSS AND LOCK ABOVE 2005 WILL OPEN 2024 2035 2060 BEARISH TARGETS 1966 1942 EMA5 CROSS AND LOCK BELOW 1942 WILL OPEN 1919 AND POTENTIALLY 1899 SWING RANGE 1919 - 1899 As always, we will keep you all updated with regular updates throughout the week and how we manage the active ideas and setups. Please don't forget to like, comment and follow to support us, we really appreciate it! GoldViewFX XAUUSD TOP AUTHOR
OANDA:XAUUSD
by Goldviewfx
10
GoldViewFX - DAILY CHART UPDATEHey Everyone, Please see the daily chart setup we have been tracking for a few months now. with our final target at 1992 being HIT last week. We now have price close above 1992 leaving a long range gap target to 2026. EMA5 cross and lock above 1992 will solidify the confirmation for the push up into the higher levels. However, we have a EMA5 detachment below, which is why we are seeing the retracement and expect this to re-attach before we can access a re-test above. If price finds momentum during the attachment to ema5, we may also see price go the for the retracement zone challenge. We will use our smaller timeframe chart ideas to track the movement level to level to pick entries and exits. This chart has been playing out perfectly over the last few months, as we continue to track the movement to buy dips. As always, we will keep you all updated with regular updates throughout the week and how we manage the active ideas and setups. Please don't forget to like, comment and follow to support us, we really appreciate it! GoldViewFX XAUUSD TOP AUTHOR
OANDA:XAUUSD
by Goldviewfx
6
GoldViewFX - MONTHLY CHART LONG TERM GOLD OUTLOOKHey Everyone, Please see our Monthly chart, which was complete last week with all targets HIT and now UPDATED with a ATH target test. This is a longer range/term projection so expect swings in between, as the month close this week will create a detachment below which will require some retracement. Price is now at a critical zone and we must tread carefully now. A test to ATH is likely and either a new ATH will be created or a big tank down. We will use our smaller timeframes to track the movement level to level. We were able to track and trade this entire movement using our smaller timeframes for entries and exits. We identified the swing from the support all the way up to our test zone target that we have been reminding you all every time we updated this chart. This open target gave us the confidence over the last few months to buy dips. The swings we had below we also highlighted, as detachments that were completed and provided the dynamic support for a push up each time. As always, we will keep you all updated with regular updates throughout the week and how we manage the active ideas and setups. Please don't forget to like, comment and follow to support us, we really appreciate it! GoldViewFX XAUUSD TOP AUTHOR
OANDA:XAUUSD
by Goldviewfx
2
GoldViewFX - END OF WEEK UPDATEHey Everyone, A PIPTASTIC finish for us this week completing all targets. 1982 Goldturn support provided a nice bounce back into 2000 allowing us to buy the dip to secure a clean 50 pip TP. Although we have HIT our 2006 target this gap was re-opened yesterday, which price fell short by a few pips but still provided a nice bounce into the range. 2006 Goldturn is holding well as resistance. As we stated at the start of the week, unless we see EMA5 cross and lock above 2006 to open the upper range we will continue to see rejection here. However, we continued to buy dips and secure TP exits below this level for safe exits. We will now come back Sunday with our multi timeframe analysis and trading plans for the coming week. BULLISH TARGETS 2006 - DONE EMA5 CROSS AND LOCK ABOVE 2006 WILL OPEN 2029 2050 BEARISH TARGETS 1982 - DONE 1955 - DONE EMA5 CROSS AND LOCK BELOW 1955 WILL OPEN 1938, 1928, 1915 AND 1907 SWING RANGE 1915 - 1907 Please don't forget to like, comment and follow to support us, we really appreciate it! GoldViewFX XAUUSD TOP AUTHOR
OANDA:XAUUSD
by Goldviewfx
10
GoldViewFX - Market UPDATEHey Everyone, Our 1H chart is playing out once again level to level. We suggested yesterday that we had a gap once again to 1982 after the bounce from 1938 Goldturn support. This was HIT perfectly today. We took our entry from the dip for a clean 30 to 50 pip exit, inline with our plan to buy dips. We are now seeing a EMA5 cross and lock above 1982 weighted Goldturn leaving a gap to 2006. As stated yesterday, although the swing range is open, that does not mean a full test but more so a likely open range that we must now incorporate when managing our risk exposure. We will continue with our plans to buy dips from strategic Goldturn support levels to stay in line with our overall long term trend. BULLISH TARGETS 2006 - DONE EMA5 CROSS AND LOCK ABOVE 2006 WILL OPEN 2029 2050 BEARISH TARGETS 1982 - DONE 1955 - DONE EMA5 CROSS AND LOCK BELOW 1955 WILL OPEN 1938, 1928, 1915 AND 1907 SWING RANGE 1915 - 1907 As always, we will keep you all updated with regular updates throughout the week and how we manage the active ideas and setups. Please don't forget to like, comment and follow to support us, we really appreciate it! GoldViewFX XAUUSD TOP AUTHOR
OANDA:XAUUSD
by Goldviewfx
18
GoldViewFX - Market UPDATEHey Everyone, Another great day for us catching the ride up from our 1938 Goldturn support level, inline with our plans to buy dips. All active targets on this chart are now complete. From the Bullish targets at the start of the week to the retracement target and back up again with a open gap to 1982. As stated yesterday although the swing range is open, that does not mean a full test but more so a likely open range that we must now incorporate when managing our risk exposure, as we continue with our plans to buy dips from strategic Goldturn support levels to stay in line with our overall long term trend. This played out as planned with a nice bounce on 1938 Goldturn today for another push up during FOMC with plenty of opportunity to buy the dip. We will continue to track and trade this range level to level using our Goldturn break and close and continue with our plans to buy dips to avoid swings in this volatile range. The range above is complete unless we see 2006 broken with EMA5 on the next challenge, in which case we will see the upper levels open. However, the range below is open so we will keep this in mind when continuing with our plans to buy dips inline with our long term trend. BULLISH TARGETS 2006 - DONE EMA5 CROSS AND LOCK ABOVE 2006 WILL OPEN 2029 2050 BEARISH TARGETS 1982 - DONE 1955 - DONE EMA5 CROSS AND LOCK BELOW 1955 WILL OPEN 1938, 1928, 1915 AND 1907 SWING RANGE 1915 - 1907 As always, we will keep you all updated with regular updates throughout the week and how we manage the active ideas and setups. Please don't forget to like, comment and follow to support us, we really appreciate it! GoldViewFX XAUUSD TOP AUTHOR
OANDA:XAUUSD
by Goldviewfx
12
GoldViewFX - 4H CHART MARKET UPDATEHey Everyone, As you can see our 4H chart idea is playing out as projected. Our open Bullish target to 2005 was HIT perfectly and then followed with a rejection on the resistance structure and into the retracement zone identified completing all bearish targets. This retracement zone is also a support structure so we would now like to see how EMA5 reacts to this level. If we see a EMA5 cross and lock below 1948 then the swing range will be open. Failure to cross and lock below 1948 and we will see another push up. The 1H chart idea has already locked below the retracement zone opening the 1H swing range. However, please note the opening of the swing range does not mean a full test but more so a likely open range that we must now incorporate when managing our risk exposure, as we continue with our plans to buy dips from strategic support levels to stay in line with our overall long term trend. BULLISH TARGETS 2005 - DONE EMA5 CROSS AND LOCK ABOVE 2005 WILL OPEN 2024 2035 2060 BEARISH TARGETS 1987 - DONE 1968 - DONE 1948 - DONE EMA5 CROSS AND LOCK BELOW 1948 WILL OPEN 1924, 1906, AND 1882 SWING RANGE 1882 As always, we will keep you all updated with regular updates throughout the week and how we manage the active ideas and setups. Please don't forget to like, comment and follow to support us, we really appreciate it! GoldViewFX XAUUSD TOP AUTHOR
OANDA:XAUUSD
by Goldviewfx
12
GoldViewFX - Market UPDATEHey Everyone, Great start to our week with our 1H chart idea with our open target to 2006 getting HIT. We had no EMA5 cross above 2006 so we got the retracement we were looking for into the first bearish retracement target area for a lovely bounce catching a nice clean trade. We will continue to track and trade this range level to level using our Goldturn break and close and continue with our plans to buy dips to avoid swings in this volatile range. BULLISH TARGETS 2006 - DONE EMA5 CROSS AND LOCK ABOVE 2006 WILL OPEN 2029 2050 BEARISH TARGETS 1982 - DONE 1955 EMA5 CROSS AND LOCK BELOW 1955 WILL OPEN 1938, 1928, 1915 AND 1907 SWING RANGE 1915 - 1907 As always, we will keep you all updated with regular updates throughout the week and how we manage the active ideas and setups. Please don't forget to like, comment and follow to support us, we really appreciate it! GoldViewFX XAUUSD TOP AUTHOR
OANDA:XAUUSD
by Goldviewfx
10
A Good Trade to Gain Times The Risk on NZDCADNzdcad has an excellent trend continuation setup coming into play. First, on the daily timeframe, the price is going higher. Second, I see clear signs of higher highs and lows. Next, the price is pulling back. That's great because the further it pulls back, the closer it gets to where I want to enter the trade. I'm using my TMP strategy with a Fibonacci to increase the reward. The reward-to-risk ratio is 2.18, allowing a chance for me to double the profits I can make on the trade. What can invalidate this setup? Well, the only two things that can invalidate this setup are if the price does not touch my limit order and continues higher or if the price stops me from the trade, which I'm okay with. I'm just happy for the opportunity to participate. What about you?
Long
by ShaquanLopez
GoldViewFX - 1H CHART UPDATED LEVELS & TARGETSHey Everyone, Please see our updated 1H chart Goldturn levels and targets. Price closed above 1982 Goldturn on Friday leaving a candle body close gap to 2006 Goldturn. However, we will like to see EMA5 cross and lock above 1982 to strengthen confirmation of the target. Price is challenging a resistance structure so we may see some reaction here and therefore highlighted a potential retracement zone. If we see further Bullish momentum then we would look for EMA5 cross and lock above 2006 to open targets towards the upper structure. We will continue with our plans to buy dips to avoid swings in this volatile range. A word of caution here. As some of you may have observed, when global banking stocks fell sharply after the recent SVB collapse, investors fled to gold as a safe haven. The only scenario where gold would also tank in a financial meltdown is if we see another market crash like the one in 2020 at the height of the Covid pandemic. Gold also crashed in March of that year only because investors were taking profit and rolling out of their gold positions to meet margin calls and offset losses elsewhere. Our advice is to remain with the bull direction and buy from value zone dips. BULLISH TARGETS 2006 EMA5 CROSS AND LOCK ABOVE 2006 WILL OPEN 2029 2050 BEARISH TARGETS 1982 1955 EMA5 CROSS AND LOCK BELOW 1955 WILL OPEN 1938, 1928, 1915 AND 1907 SWING RANGE 1915 - 1907 As always, we will keep you all updated with regular updates throughout the week and how we manage the active ideas and setups. Please don't forget to like, comment and follow to support us, we really appreciate it! GoldViewFX XAUUSD TOP AUTHOR
OANDA:XAUUSD
by Goldviewfx
12
GoldViewFX - 4H CHART UPDATED LEVELS & TARGETSHey Everyone, Please see our updated 4H chart Goldturn levels and targets. Price closed above 1987 Goldturn on Friday leaving a gap target to to 2005 Goldturn. Price is challenging a resistance structure so we may see some reaction here and therefore highlighted a potential retracement zone at 1948. If we see further Bullish momentum then we would look for EMA5 cross and lock above 2005 to open targets towards the upper structure. We will continue with our plans to buy dips to avoid swings in this volatile range. BULLISH TARGETS 2005 EMA5 CROSS AND LOCK ABOVE 2005 WILL OPEN 2024 2035 2060 BEARISH TARGETS 1987 1968 1948 EMA5 CROSS AND LOCK BELOW 1948 WILL OPEN 1924, 1906, AND 1882 SWING RANGE 1882 As always, we will keep you all updated with regular updates throughout the week and how we manage the active ideas and setups. Please don't forget to like, comment and follow to support us, we really appreciate it! GoldViewFX XAUUSD TOP AUTHOR
OANDA:XAUUSD
by Goldviewfx
2
GoldViewFX - DAILY CHART UPDATE Hey Everyone, Please see the daily chart setup we have been tracking for a few months now. This chart has been playing out perfectly from the test to the retracement zone we highlighted all the way up to our last target at 1927 finally HIT to complete this chart idea. We now only have a candle body close above 1968 leaving a gap target to 1992. We will use our smaller timeframe chart ideas to track the movement level to level and continue with our plans to buy dips. As always, we will keep you all updated with regular updates throughout the week and how we manage the active ideas and setups. Please don't forget to like, comment and follow to support us, we really appreciate it! GoldViewFX XAUUSD TOP AUTHOR
OANDA:XAUUSD
by Goldviewfx
1
GoldViewFX - WEEKLY CHART UPDATE - BOOOOM!!Hey Everyone, Please see our weekly chart idea we have been tracking over the last few months, which we now complete today, all the way to the finishing line. A fantastic call all the way to our final target!!!! Once again we will come back Sunday with our multi timeframe analysis and our updated trading plans for the week ahead. Have a great weekend all and Please don't forget to like, comment and follow to support us, we really appreciate it! GoldViewFX
OANDA:XAUUSD
by Goldviewfx
13
GoldViewFX - 4H CHART Market UPDATEHey Everyone, Another great day of buying dips from 1919 all the way upto 1930 for a safe exit. As you can see our 4H chart idea is also playing out perfectly. We got the EMA5 cross and lock above 1906 we were looking for; opening the upper levels hitting 1928 and now leaving a gap to 1948 for the final stretch of this chart idea. We are now entering into a resistance structure zone and wont chase this unless we see another dip to find support. We will stick with our plans to buy dips for the continuation and use EMA5 to track the movement level to level on our 1H and 4H chart. We have a candle body close above 1928 leaving a gap target to 1948. However, ema5 cross and lock above 1928 will solidify this target, although we already have a ema5 cross and lock above the weighted 1906 Goldturn level opening up the entire range. EMA5 CROSS AND LOCK ABOVE 1865 WILL OPEN 1882 AND 1894 BULLISH TARGETS 1882 - DONE 1894 - DONE EMA5 CROSS AND LOCK ABOVE 1906 WILL OPEN; 1928 - DONE 1948 UPDATED SWING RANGE - 1854 BEARISH TARGETS 1865 1854 EMA5 CROSS AND LOCK BELOW 1854 WILL OPEN 1836 As always, we will keep you all updated with regular updates throughout the week and how we manage the active ideas and setups. Please don't forget to like, comment and follow to support us, we really appreciate it! GoldViewFX XAUUSD TOP AUTHOR
OANDA:XAUUSD
by Goldviewfx
3
GoldViewFX - Market UPDATEHey Everyone, Another fantastic day of trading for us with all our targets HIT and complete. EMA5 crossed and locked above 1908, as advised yesterday opening 1914, which was HIT yesterday leaving 1924 and 1930 open. This was HIT today completing our 1H chart setup. Price finished off with hitting and respecting our 1937 Goldturn perfectly and then rejected their for a move down back into the range. Levels on the chart are still valid, as price is back in the range between both the support and resistance structure. We can continue to track the movement using EMA5 cross and lock above or below any of the weighted Goldturns on our chart in the range to continue to track the price level to level. Please also review our 4H, daily and weekly chart idea on the related posts below for additional range cover. BULLISH TARGETS 1868 - DONE 1874 - DONE EMA5 CROSS AND LOCK ABOVE 1908 WILL OPEN 1914, 1918, 1924, AND 1930 1914 - DONE 1924 - DONE 1930 - DONE BEARISH TARGETS 1908 - DONE 1903 - DONE 1896 - DONE UPDATED RETRACEMENT RANGE 1896 - DONE EMA5 CROSS AND LOCK BELOW 1882 WILL OPEN THE SWING RANGE. UPDATED SWING RANGE 1857 As always, we will keep you all updated with regular updates throughout the week and how we manage the active ideas and setups. Please don't forget to like, comment and follow to support us, we really appreciate it! GoldViewFX XAUUSD TOP AUTHOR
OANDA:XAUUSD
by Goldviewfx
11
EUR/USD Bulls Gearing Up?The MACD has shown trend continuation divergence (A.K.A "Hidden Divergence"). After the price action found footing at that pivotal zone (1.0550 - 1.0600), the Bulls appear to be gaining some strength. We have a strong gap to fill around 1.0640 but we'll have to see what happens during CPI numbers tomorrow morning. Based off of the longer term time frames, EUR/USD could see a run towards 1.1100+ as long as we do not trade back below 1.06000. If EUR/USD is pushed back down below 1.0600, the trade idea is invalidated.
Long
by InternalTraderNYC
GoldViewFX - Market UPDATEHey Everyone, Once again our updated idea posted yesterday has played out perfectly. As advised yesterday we were waiting for EMA5 cross and lock above 1908 to open the upper levels. This played out perfectly, followed with our first updated target at 1914 being HIT. We then saw a retracement down exactly into the retracement zone we identified completing all bearish targets. This then followed with a few bounces off this range back into 1908, as highlighted on our chart, providing plenty of opportunities to milk buys from dips, as part of our plans. Price is now testing 1908 structure once again, leaving the upper levels open above. However, as always we will continue to buy from dips allowing us to manage any swings safely minimising exposure. BULLISH TARGETS 1868 - DONE 1874 - DONE EMA5 CROSS AND LOCK ABOVE 1908 WILL OPEN 1914, 1918, 1924, AND 1930 1914 - DONE 1924 - 1930 BEARISH TARGETS 1908 - DONE 1903 - DONE 1896 - DONE UPDATED RETRACEMENT RANGE 1896 - DONE EMA5 CROSS AND LOCK BELOW 1882 WILL OPEN THE SWING RANGE. UPDATED SWING RANGE 1857 As always, we will keep you all updated with regular updates throughout the week and how we manage the active ideas and setups. Please don't forget to like, comment and follow to support us, we really appreciate it! GoldViewFX XAUUSD TOP AUTHOR
OANDA:XAUUSD
by Goldviewfx
7
GoldViewFX - 1H CHART MARKET UPDATEHey Everyone, We have already HIT all our targets on the 1H chart idea we shared yesterday. We have now updated the Goldturn levels and targets for the upper range that has opened. Price is now testing 1908 structure and we will now wait to see if we get a EMA5 cross and lock above 1908. EMA5 cross and lock above 1908 will open levels upto 1930. We have also adjusted the retracement range and swing range which are likely areas of test should we see the levels break with EMA5. This will allow us to navigate the ranges and plan our entries to buy dips. BULLISH TARGETS 1868 - DONE 1874 - DONE EMA5 CROSS AND LOCK ABOVE 1908 WILL OPEN 1914, 1918, 1924, AND 1930 BEARISH TARGETS 1908 1903 1896 UPDATED RETRACEMENT RANGE 1896 EMA5 CROSS AND LOCK BELOW 1882 WILL OPEN THE SWING RANGE. UPDATED SWING RANGE 1850 As always, we will keep you all updated with regular updates throughout the week and how we manage the active ideas and setups. Please don't forget to like, comment and follow to support us, we really appreciate it! GoldViewFX XAUUSD TOP AUTHOR
OANDA:XAUUSD
by Goldviewfx
16