EURUSDHello traders ,what do you think about EURUSD? This week, the spotlight is on the upcoming release of the Eurozone's Consumer Price Index data for December, scheduled for Wednesday, January 17. Market analysts anticipate an annual inflation increase to 2.9%, surpassing the previous figure of 2.4%. This uptick could lead the European Central Bank (ECB) to delay shifting towards a more lenient monetary policy. Should these projections hold true, the Euro is likely to gain further strength.In light of these developments, the EUR/USD currency pair shows potential for an upward trajectory towards a defined level. Currently, the price lingers below a key resistance zone and is close to a crucial trend line. It is poised for an upward movement following a correction that touches this trend line's boundary.
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Sell strategy, after retesting resistance will increase againGold prices rose at the start of the week, the metal's appeal fueled by safe-haven demand due to tensions in the Middle East, while markets bet the US Federal Reserve (Fed) will cut interest rates soon. than expected.
The war between Israel and Hamas has passed the 100-day mark as Israel continues its fierce offensive, while the Houthi militia's threat to respond to US airstrikes in Yemen raises risks.
Gold tends to perform well during times of economic uncertainty, with its reliability able to help offset the risks of more volatile assets in conditions such as geopolitical instability.
“Spot gold is also rising as the market clings to hopes that the Fed will cut key interest rates as early as March,” said Han Tan, chief market analyst at Exinity Group.
Gold's chances of reaching a new record high will remain open as long as the Fed can act in line with market expectations
Gold will have a decline and then increase againWorld gold prices increased slightly with spot gold increasing by 6.6 USD to 2,055.3 USD/ounce. Gold futures last traded at 2,059 USD/ounce, up 7.4 USD compared to yesterday morning.
The world's yellow metal posted modest gains in the first trading session of the week as it continued to be boosted by safe-haven demand due to concerns about tensions in the Middle East and renewed expectations for the Federal Reserve to The US (Fed) will cut interest rates sooner than expected.
The report released late last week showed that US producer prices fell unexpectedly in December. The data has traders betting that the Fed will cut 166 basis points this year instead previously priced 150 basis points.
Although gold prices are rising, some analysts say the precious metal needs a new catalyst or at least clearer clues about the Fed's monetary policy direction to break out of its current range. in.
According to Trade Nation senior market analyst David Morrison, although gold continues to hold its position, more effort is needed to attract new investors to the market.
AUDCHFAUDCHF is trading in falling wedge pattern. The price was reacting well the support and resistance of wedge.
Currently the price is about to give breakout from falling wedge and after successful retest of the level will be bullish signal and seems like the price may go for another leg higher.
If the breakout sustain to upside the optimum target could be 0.5750 followed by 0.5780.
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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.
NASDAQ Next Buy opportunity 16544 - 16621 and 16652NASDAQ Next Buy opportunity 16544 - 16621 and 16652
Target will be Depends on entries. Each Trade 100 - 150 Pips
Wait for confirmation....................
Key level Support 16183.0 D1
Key level Pressure 16973.0 D1
SL ( Set a uniform set of 15$ ) only for your reference and you can set it according with your free margin
XAUUSDHello traders ,what do you think about GOLD ?Gold has breached the descending trend line and is currently positioned above the 50-day moving average. We anticipate that following a pullback to the recently surpassed level, gold will continue its ascent towards the established targets. Additionally, prevailing geopolitical conditions are likely to further bolster gold's upward trajectory.
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CADJPY SELL | Day Trading AnalysisHello Traders, here is the full analysis.
Watch strong action at the current levels for SELL . GOOD LUCK! Great SELL opportunity CADJPY
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EURJPY SELL I Potential Downside from Resistance|AnalysisHello Traders, here is the full analysis.
Watch strong action at the current levels for SELL . GOOD LUCK! Great SELL opportunity EURJPY
I still did my best and this is the most likely count for me at the moment.
Support the idea with like and follow my profile TO SEE MORE.
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 🤝
Patience is the If You Have Any Question, Feel Free To Ask 🤗
Just follow chart with idea and analysis and when you are ready come in THE GROVE | VIP GROUP, earn more and safe, wait for the signal at the right moment and make money with us💰
EURNZD Sell opportunity is to place a Sell order at 1.76304H Level explanation
EURNZD has been trading in a bearish trend for the last days. Now, the price displays a bullish Engulfing pattern.
Possible scenario
The best way to use it for sell opportunity is to place a Sell order at 1.7630 target at 1.7530
The best way to use it for a Buy opportunity is to place a Buy order at 1.7507 target at 1.7547
The upcoming news will not influence your orders within the mentioned period.
USDJPY can go UP from 🟢Support zone🟢➡️RR=2.45🏃♂️ USDJPY is moving near the 🟢 Support zone(143.40 JPY-142.82 JPY) 🟢.
🌊According to Elliott's wave theory , USDJPY has successfully completed wave A in the 🔴 Resistance zone(146.26 JPY-144.94 JPY) 🔴.
🌊The structure of corrective waves is Zigzag(ABC/5-3-5) .
🔔I expect wave B to end at the 🟢 Support zone(143.40 JPY-142.82 JPY) 🟢, and USDJPY will trend higher again and at least GO UP to the 🔴 Resistance zone(146.26 JPY-144.94 JPY) 🔴again.
👑 Position :
USDJPY
Position : Long
Entry Point : 143.429 JPY (Limit Order)
Stop Loss : 142.440 JPY
Take Profits : 4145.852 JPY// 144.414 JPY(RR=1.00)
Risk-To-Reward : 2.45
Please don't forget to follow capital management ⚠️
Please pay attention to the style of opening the position.⚠️
U.S.Dollar/Japanese Yen Analyze ( USDJPY ), 4-hour time frame⏰.
Do not forget to put Stop loss for your positions (For every position you want to open).
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NAS100 sell order entry price 16928NAS100 Currency running with nearest the 4H pressure level 16922 - 16974
This is the best opportunity for selling the market.
According to the analyze open sell order entry price 16928 and target 16748 and 16575
SL ( Set a uniform set of 15$ ) only for your reference and you can set it according to your free margin.
Today XAUUSD Setup 11th of January 2024Today XAUUSD Setup | GOLD
11th of January 2024
Around BUY 2025 TP 2035 - 2030
Around SELL 2040 TP 2030 - 2035
Around BUY 2015 TP 2025 - 2020
Around SELL 2050 TP 2045 - 2040
GOLD Broke 2040 - BUY Trade 2050 - 2045
GOLD Fell below 2025 - SELL Trade TP 2020 - 2015
GOLD Broke 2050 - BUY Trade TP 2055 - 2060
Stand still and wait for news, CPI news trading strategy todayWorld gold prices were relatively stable with spot gold down 5.3 USD to 2,023.5 USD/ounce. Gold futures last traded at 2,029.3 USD/ounce, down 3.7 USD compared to yesterday morning.
World gold decreased slightly in the mid-week trading session as investors were waiting for US inflation data to gain more clarity on the US Federal Reserve's (Fed) interest rate roadmap this year.
RJO Futures senior market strategist Bob Haberkorn said lower-than-expected inflation data would give the Fed more reason to cut interest rates this year, which would push gold prices higher.
US consumer price index data will be released on Thursday. According to a Reuters poll, economists predicted annual inflation would come in at 3.2% in December, but said core inflation could fall to 3.8%, the lowest since December. mid-2021.
A report from the New York Fed revealed that consumers expect inflation to decline, while Fed Governor Michelle Bowman said on Monday that the US Central Bank's monetary policy appeared to be "adequate". limit".
USOIL Sell zone 75.00 - 76.00 USOIL the best way to use the trading opportunity is to wait for the sell zone 75.00 - 76.00
Or wait for support level 69.79 for the buy trade. Long term traders can buy the market now with a 76.60 target.
SL ( Set a uniform set of 15$ ) only for your reference and you can set it according to your free margin.
GBPCAD Sell Opportunity 1.6994GBPCAD Analysis
Price is currently in a William-Certified Range, where it has recently rejected the 4H Resistance. Price broke under the 1H Support at the 1.70000 psychological level.
Impulse SELL entries can be taken right now, however it would be best to wait for confirmations.
GBPUSD new key level updateGBPUSD new key level update with the current situation.
D1 Resistance 1.31337 | Support 1.20356
4H Resistance level 1.28286 | Support 1.26130
1H Resistance level 1.27910 | Support 1.26531
1H support and 1H resistance still no longer valid for entering the trade. Best support level for entering buy trade 1.25037 and 1.24471
GBPJPY H1 Resistance zone 183.65 - 184.80GBPJPY H1 Resistance zone 183.65 - 184.80
H1 Support zone 179.22 - 178.76
Currency situation
GBPJPY Currently running nearest H1 Support zone. This is good time to get selling the market. Entry with 183.47 and stop 184.55 and target should be 179.47
If broke through 184.18 resistance level analyze said close the sell order and open buy order. If broker 184.18 resistance level turn to to 1H support.