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DXY Index Is Ready to Go Up🚀✅The DXY index has succeeded in breaking the 🔴 Resistance zone($104.27-$103.80) 🔴. 📈From the point of view of Classical Technical Analysis , DXY seems to have succeeded in forming an Ascending Broadening Wedge Pattern . Of course, we must wait for the reaction to the upper line of this pattern . 🔔I expect the DXY index to rise to at least 🟡 Potential Reversal Zone(PRZ) 🟡. U.S.Dollar Currency Index ( DXYUSD ) Analyze, 4-hour time frame⏰. Do not forget to put Stop loss for your positions (For every position you want to open). Please follow your strategy; this is just my Idea, and I will gladly see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
TVC:DXYLong
by pejman_zwin
3
GBP/USD: Bearish Sentiment Persists Ahead of Easter BreakClosed the trading session before the Easter weekend, the GBP/USD pair is seen hovering around 1.2617, encapsulated within a prevailing bearish sentiment. Similar to the EUR/USD, the pair remains within an accumulation range, suggesting a possible Triangle pattern for enthusiasts of technical analysis. Notably, it is trading below both the 21 and 200 Moving Averages on the H4 timeframe, underscoring the strength of the bearish trend. Inflation in the US saw a marginal uptick to 2.5% annually in February, according to the PCE Price Index, the Federal Reserve's preferred gauge for tracking inflation. This modest increase from January's 2.4% met market expectations. Meanwhile, the index recorded a 0.3% rise from the previous month, slightly below the forecasted 0.4%. Core PCE, which excludes food and energy, also experienced a 2.8% annual increase, aligning with predictions, with a monthly uptick of 0.3%. The upward revision of January's core PCE figures signals ongoing inflationary pressures, potentially influencing the Federal Reserve to maintain higher interest rates. With upcoming employment data expected to play a crucial role in shaping future policy decisions, the timing and extent of rate adjustments remain uncertain. Considering these factors, our analysis leans towards a bearish continuation for the GBP/USD pair, with a potential downside target identified at 1.25315.
Short
by FOREXN1
3
GBP/USD Reversal Signals: Analyzing Potential Bearish MomentumAmidst early week volatility, GBP/USD initially tested 1.2650 before reversing course and closing positively on Monday. However, recent movement has brought the pair into a supply area, hinting at a possible reversal and continuation of its bearish trajectory. In the upcoming economic calendar, focus shifts to the release of Durable Goods Orders for February in the US. Forecasts predict a 1.3% rise following January's 6.2% contraction. Should the data disappoint, it may weaken the USD in the immediate aftermath. Conversely, a stronger-than-expected increase could bolster the currency. Nonetheless, the impact of this data is likely to be short-lived. Traders are closely monitoring these developments, with anticipation building for a potential bearish setup post the Durable Goods news.
Short
by FOREXN1
1
EUR/USD Rebounds Amidst US Exceptionalism: What Lies Ahead?The EUR/USD pair experienced a significant decline towards the end of last week, driven by the release of Eurozone and US flash PMI data. These figures underscored the perceived strength of the US economy, leading to speculation that the Federal Reserve (Fed) may reconsider its aggressive stance on interest rate cuts. The data painted a picture of US exceptionalism, suggesting that the American economy continues to perform relatively well compared to its European counterpart. This sentiment has raised doubts about the Fed's projected timeline for interest rate cuts, potentially prompting a more cautious approach from the central bank. A slower pace of rate cuts by the Fed could bolster the US Dollar, as higher interest rates typically attract greater foreign capital inflows. As a result, the EUR/USD pair may face continued pressure, with potential resistance levels seen around the 1.08600 to 1.08900 area before resuming its downtrend. Traders are advised to monitor these resistance levels closely and consider implementing limit selling positions in anticipation of a potential reversal. Additionally, today's release of US New Home Sales and the Chicago Fed National Activity Index may provide further insights into the health of the American economy, influencing market sentiment towards the EUR/USD pair.
by FOREXN1
1
Gold increased to the highest level of all timeThe international gold charge has simply set a brand new anciental top whilst it hit 2,260 USD efforts to increase the prevailing streak to 5 consecutive periods on Friday. However, marketplace liquidity is presently low because of the Good Friday vacation mentality of many traders. Gold will become greater appealing to traders as marketplace sentiment leans toward the situation of main relevant banks beginning an hobby charge slicing cycle this year. Investors are giving greater prefer to gold as they agree with that the Fed will reduce hobby fees 3 instances withinside the coming months. There may be 3 hobby charge cuts predicted. However, greater dependable proof that inflation will recede is wanted earlier than the Fed takes any action. The truth that accomplishing the ECB`s 2% inflation goal is possible additionally warns of ability dangers if the ECB does now no longer reduce hobby fees. In Europe, the SNB's marvel hobby charge reduce at its March assembly sparked hypothesis that different main relevant banks ought to take comparable actions. Meanwhile, in Asia, even though the BoJ has ended its bad hobby charge coverage, it'll retain to display and flexibly alter its economic coverage to healthy the financial scenario withinside the future. close to future.
TVC:GOLDShort
by TrategySherpa
GBP/JPY Holds Steady Amid Easter Break, Eyes Bearish ContinuatioAs the financial markets took a pause for the Easter holiday, the GBP/JPY pair maintained stability around the 191.00 level on Friday, showing minimal movement. Meanwhile, Federal Reserve Chair Jerome Powell made statements emphasizing the adaptability of monetary policy to various economic scenarios. Technically, the price experienced a reversal near 193.500, as anticipated in our previous analysis, leading to a decline of nearly 200 points. Currently, the pair is consolidating within a range, forming a triangle pattern that appeals to enthusiasts of technical analysis. Our analysis indicates a bearish continuation for the GBP/JPY pair, considering its correlation with the GBP/USD, which is currently in a bearish trend on the H4 and lower timeframes. For further details, you can refer to our previous analysis of GBP/JPY by following the provided link.
Short
by FOREXN1
1
NZDCAD:🟢Buy Opportunity🟢 As you can see, the price swept the liquidity below the previous day's low and shifted the market structure. Now we can expect that the price move lower to collect the inducement and then move higher. We can define buy-side liquidity as the first target and the previous day's high as our final target. Please pay attention: We need LTF confirmation in this scenario. 💡Wait for the update! 🗓️27/03/2024 🔎 DYOR 💌It is my honor to share your comments with me💌
Long
by VahidTradingCR
5
AUDCAD→ Day Analysis | BUY SetupHello Traders, here is the full analysis. Price reversal going up, levels for BUY . AUDCAD long ! Great BUY opportunity AUDCAD 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💰
Long
by TheGrove
3
Gold continues to move unexpectedly, entry sell todayWorld gold prices inched up slightly with spot gold increasing by 5.7 USD to 2,176.5 USD/ounce. Gold futures last traded at 2,177.6 USD/ounce, up 4.6 USD compared to yesterday morning. The world gold market fluctuated slightly as investors were still waiting for US inflation data later this week to know more about when the US Federal Reserve (Fed) will begin to loosen monetary policy. bad this year. RJO Futures senior market strategist Bob Haberkorn predicts gold will rise in the near term on interest rate expectations, unless the Fed changes its stance or makes some announcement that it will eliminate interest rate cuts. capacity. Gold could fall again if personal consumption spending data is stronger than expected, Haberkorn said. However, this precious metal will quickly regain its upward momentum. Last week, gold hit a record high of $2,222.39 an ounce after Fed policymakers said they still expected to cut interest rates by three-quarters of a percentage point in 2024 despite persistent inflation. still far from the target level of 2%. Currently, traders are currently forecasting a 71% chance that the first rate cut will take place in June.
OANDA:XAUUSDShort
by FalCol_TradingMaster
btcusd sell signal Bitcoin (BTC) is recognised as the world's first truly digitalised digital currency (also known as a cryptocurrency). The Bitcoin price is prone to volatile swings; making it historically popular for traders to speculate on. Follow the live Bitcoin price using the real-time chart, and read the latest Bitcoin news and forecasts to plan your trades using fundamental and technical analysis. Bitcoin Price (BTC) Real-Time Live Price Bitcoin has rallied by around 12% since Sunday’s opening print as demand for the largest cryptocurrency by market cap continues to increase prices. A technical, bullish, break of a short-term descending channel now suggests that Bitcoin will attempt to make a fresh record high in the near-term and likely ahead of next month’s halving event. Any pullbacks will find initial support around SWB:69K before just under FWB:65K comes into focus. The Average True Range (ATR) reading is at a multi-month high, while the CCI indicator shows Bitcoin nearing overbought territory. The chart set-up suggests Bitcoin will move higher over the coming days but a short-term turn lower cannot be discounted. confirm btcusd sell signal
OANDA:BTCUSDShort
by Mark804
gold buy chartFollowing a quiet Asian session, Gold turned north and advanced to $2,180 in the American session. Although the benchmark 10-year US Treasury bond yield stays in positive territory above 4.2%, the selling pressure surrounding the USD supports XAU/USD. The daily chart for the XAU/USD pair shows that bulls retain control. The bright metal develops above all its moving averages, with the 20 Simple Moving Average (SMA) heading firmly north below the current level while above also bullish 100 and 200 SMAs. At the same time, technical indicators have turned flat within positive levels after correcting extreme overbought conditions, reflecting absent selling interest. Gold has been considered a highly valuable commodity for millennia and the gold price is widely followed in financial markets around the world. Mostly quoted in US Dollars (XAU/USD), gold price tends to increase as stocks and bonds decline. The metal holds its value well, making it a reliable safe-haven. It's traded constantly based on the intra-day spot rate. Improve your technical analysis of live gold prices with the real-time XAU/USD chart, and read our latest gold news, expert analysis and gold price forecast. gold buy now 2174 TP1 2180 TP2 2190 TP3 2200 SL 2150
OANDA:XAUUSDShort
by Mark804
Selling strategy today, downtrendWorld gold prices increased with spot gold increasing by 7.5 USD to 2,170.8 USD/ounce. Gold futures last traded at 2,173 USD/ounce, up 13.2 USD compared to yesterday morning. Prices for the yellow metal rose slightly in early trading as investors awaited key economic data and comments from US Federal Reserve (Fed) officials this week for further confirmation. loosening monetary policy of the US Central Bank. The market is currently waiting for weekly initial jobless claims data to be released on March 28 and core personal consumption expenditure index (PCE) data expected to be released. the day after that. However, because the market will be closed this Friday as the US closes for the Good Friday holiday, PCE data will not have an impact on gold until early next week. Research expert Kunal Shah of Nirmal Bang Commodities predicts that US inflation indicators will have a significant impact on the gold market. According to him, any PCE figure lower than expected will weaken the USD and push up gold prices and vice versa.
OANDA:XAUUSDShort
by FalCol_TradingMaster
GOLD 1H CHART ROUTE MAP & TRADING PLAN UPDATEHey Everyone, Great start to the week with our chart idea off to a flying start!!! We got our open target to 2167 hit followed with a cross and lock above 2167 opening 2175 and 2181 - Both these targets were hit perfectly after the confirmation. We will ow look for support above 2167 for a continuation and retest on the levels above until we see a lock above 2181. However, failure to support above 2167 will see the 2158 support gap filled and a break and lock below 2158 will open the retracement range. We will keep the above in mind when taking buys from dips. Our updated levels and weighted levels will allow us to track the movement down and then catch bounces up. We will continue to buy dips using our support levels taking 30 to 40 pips. As stated before each of our level structures give 20 to 40 pip bounces, which is enough for a nice entry and exit. If you back test the levels we share every week in the past 24 months, you can see how effectively they were used to trade with or against short/mid term swings and trends. BULLISH TARGETS 2167 - DONE EMA5 CROSS AND LOCK ABOVE 2169 WILL OPEN THE FOLLOWING BULLISH TARGETS 2175 - DONE 2181 - DOME BEARISH TARGETS 2158 EMA5 CROSS AND LOCK BELOW 2158 WILL OPEN THE RETRACEMENT RANGE 2148 EMA5 CROSS AND LOCK BELOW 2148 WILL OPEN THE SWING RANGE SWING RANGE 2138 - 2125 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! Mr Gold GoldViewFX
OANDA:XAUUSD
by Goldviewfx
12
xauusd longGold drops below $2,170, clings to small weekly gains Gold trades deep in negative territory below $2,170 on Friday as the persistent USD strength doesn't allow XAU/USD to benefit from declining bond yields. The pair still looks to post small weekly gains after having pulled away from the record high it set above $2,220 on Wednesday. Gold Price: Current Pricing, Prices Chart & Rate Graph Gold has been considered a highly valuable commodity for millennia and the gold price is widely followed in financial markets around the world. Mostly quoted in US Dollars (XAU/USD), gold price tends to increase as stocks and bonds decline. The metal holds its value well, making it a reliable safe-haven. It's traded constantly based on the intra-day spot rate. Improve your technical analysis of live gold prices with the real-time XAU/USD chart, and read our latest gold news, expert analysis and gold price forecast. gold now buy 2165 TP1 2170 TP2 2180 TP3 2200 SL 2140
OANDA:XAUUSDLong
by Mark804
⚠️EURUSD Analysis(Falling Soon)⚠️🏃 EURUSD is moving near 🔴 Heavy Resistance zone($1.1185-$1.0980) 🔴and Resistance lines and 🟡 Potential Reversal Zone(PRZ) 🟡. 🌊According to the theory of Elliott waves , EURUSD seems to have succeeded in completing the corrective Zigzag(ABC/5-3-5) inside the Ascending Channel . 🔔I expect EURUSD to move towards the 🟢 Support zone($1.0920-$1.0870) 🟢after breaking the 🟢 Support zone($1.0810-$1.0757) 🟢. Euro/U.S.Dollar Analyze ( EURUSD), 4-hour Time frame ⏰. Do not forget to put Stop loss for your positions (For every position you want to open). Please follow your strategy; this is just my idea, and I will gladly see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Short
by pejman_zwin
16