🗺️EURUSD Roadmap🗺️🏃 EURUSD is moving near the 🔴 Heavy Resistance zone($1.11850-$1.0980) 🔴,the Resistance lines .
🌊According to Elliott wave theory , EURUSD is completing Corrective Waves in the 1-hour time frame.
🌊The structure of correction waves is Zigzag(ABC/5-3-5) type.
🔔I expect EURUSD to start falling to 🎯 Target 🎯, 🟢 Support zone($1.0800-$1.0756) 🟢 and Uptrend line .
Euro/U.S.Dollar Analyze ( EURUSD), 1-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.
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Sell USDJPY at current price (143.9)OANDA:USDJPY The USDJPY exchange rate reacted negatively to the resistance area with the appearance of a bearish Pinbar reversal base.
Perhaps the negative divergence reaction of RSI may have ended.
We can execute a Sell order with stop loss and take profit based on support, resistance and Fibonacci retracement levels.
Sell USDJPY at current price (143.9)
Stop loss at 145
Take profit 1 at 143
Take profit 2 at 142.5
Note: Capital management 2%
Gold prices rebounded after the Fed's interest rate stanceWorld gold prices increased sharply due to support from the decline in the price of the USD and falling US Treasury bond yields. The Dollar Index has dropped nearly 2.9% in the past 3 months, while the 10-year US Treasury bond yield has decreased about 1.1% compared to the end of October.
At the same time, bond yields and USD prices decreased, providing a "dual" support for gold prices.
Last week, the US Federal Reserve (Fed) signaled it was about to reduce interest rates. Fed officials expect three interest rate cuts of 0.25% each in 2024.
AUDNZD: Bullish Leg continuation?From a technical point of view, the FX:AUDUSD pair is very interesting and attractive, especially on a lower time frame. If we look at 1H chart we see that the pair completed 12345 bearish impulse structure (or part of corrective structure) and subsequently triggered reaction from wave 5. From our point of view, it should be correct to try to take a long position on pullback with Target 1 around to 1,078.
Trade with care
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⚠️GBPUSD will Fall by Double Top Pattern⚠️🏃♂️ GBPUSD is moving inside a 🔴 Heavy Resistance zone($1.2670-$1.2410) 🔴 and Ascending Channel .
💡We saw two Bull Traps over the 🔴 Heavy Resistance zone($1.2670-$1.2410) 🔴.
💡Also, these two Bull Traps formed a Double Top Pattern .
🔔I expect GBPUSD to at least drop to the lower line of the ascending channel after the pull back is completed.
British Pound/ U.S.Dollar Analyze ( GBPUSD ), 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.
EURUSD - Plan A,B,CThe most likely scenario is for EURUSD to climb higher up towards the rising resistance. On the chart I mentioned "Bullish Target" which is where I believe price action is likely to trend to next.
In the event I'm wrong, there are 2 bearish scenarios that I illustrated on the chart. So in terms of risk management if we can leave room to scale or add additional positions that's the way to go.
Trade Safe and Happy Holidays!
🔥 XAUUSD : Bears are Coming ? (Read The Caption)By checking the chart in the daily time frame, we can see that the price after entering the demand range of $1966 to $1985 was accompanied by a positive reaction and was able to grow up to $1945! According to the latest daily candlestick, as you can see, after entering the specified FVG, gold was accompanied by selling pressure and was able to close at the price of $2019! If the price stabilizes below this level, we can expect a further fall from gold, whose first bearish targets will be $2008 and $1997, respectively!
Please share your opinion about the possible trend of this chart with me and support us with your likes and comments.
Best Regards , Arman Shaban
US Dollar Drops Amidst Fed Rate Pivot and Inflation DeclineIn recent weeks, we have witnessed a significant drop in the value of the US dollar, primarily driven by the Federal Reserve's unexpected pivot towards lower interest rates and the simultaneous decline in inflation levels. This alarming trend has raised concerns among market participants and calls for a proactive response.
The Federal Reserve's decision to lower interest rates indicates their growing concerns about the state of the US economy. While this move aims to stimulate economic growth, it inadvertently weakens the US dollar's position in the global market. As traders, it is crucial to stay informed and adapt our strategies accordingly to protect our portfolios and seize potential opportunities.
Given the current scenario, I strongly urge you to consider shorting the US dollar. By taking a short position, you can potentially profit from the dollar's decline against other major currencies. However, it is crucial to exercise caution and conduct thorough research before implementing any trading strategy. Market dynamics can be unpredictable, and it is wise to consult with your financial advisor or analyst to ensure your decisions align with your risk appetite and investment objectives.
Here are a few key factors to keep in mind while navigating this situation:
1. Stay updated: Continuously monitor news and economic indicators that impact the US dollar's value, such as Federal Reserve announcements, inflation reports, and global economic trends. This will help you make well-informed trading decisions.
2. Diversify your portfolio: Consider allocating a portion of your portfolio to currencies that are likely to strengthen against the US dollar. Diversification can help mitigate risks and optimize potential returns.
3. Risk management: As with any trading strategy, it is essential to implement appropriate risk management measures. Set stop-loss orders and determine your risk tolerance to protect your capital and minimize potential losses.
4. Seek professional advice: Engage with experienced financial advisors or analysts who can provide expert insights and guidance tailored to your specific needs and goals.
Please note that the information provided here is for educational purposes only and should not be considered as financial advice. The decision to short the US dollar should be based on your individual analysis and risk assessment.
In conclusion, the recent drop in the US dollar's value, combined with the Federal Reserve's shift towards lower interest rates and declining inflation, demands our utmost attention. By staying informed, diversifying our portfolios, managing risks effectively, and seeking professional advice, we can navigate these uncertain times with confidence.
Remember, the key to success in trading lies in adaptability and seizing opportunities when they arise. Let us remain vigilant and proactive in our approach to safeguard our investments and capitalize on potential gains.
Gold continues to run slowly to wait for new breakthrough newsWorld gold prices inched up slightly as traders are waiting for important reports to know more signals about interest rates in the near future.
World gold prices increased slightly this morning with spot gold increasing by 4.7 USD to 2,062.7 USD/ounce. Gold futures last traded at 2,040.7 USD/ounce, up 5.5 USD compared to yesterday morning.
World gold fluctuated slightly in the first trading session of the week as investors waited for important US inflation data to be released at the end of the week to look for more signals about the Federal Reserve's interest rate direction. America after recent peaceful statements.
According to Jim Wyckoff, senior analyst at Kitco Metals, the market is in pause mode waiting for the next important fundamental economic news or data. He said that the buying activity of traders in the first trading session of the week was the psychology of buying when prices fall.
Wyckoff added that the fundamental factors keeping gold prices are a weakening dollar, looser monetary policy and some safe-haven demand from tensions in the Middle East.
GOLD → Narrowing the fluctuation. The fall may continue!
FOREXCOM:XAUUSD XAUUSD can create a pattern of narrowing the fluctuation range in this area, then rapidly decreasing.
XAUUSD (H4)
Sell Stop at: 2015.5
Stop Loss at: 2026
Take Profit 1 at: 1997
Take Profit 1 at: 1980
Note: capital management 2%
Gold prices are set for weekly gains thanks to Fed rate cut betsGold prices eased slightly for Friday but remained on a weekly uptrend as the outlook for the U.S. Federal Reserve's fall in borrowing costs weighed on the dollar and Treasury bond gains, providing demand. for safe hidden assets.
Spot gold XAU= was down 0.1% at $2,033.29 an ounce, as of 01:13 GMT. However, Li gold has increased by 1.5% this week. US GCcv1 gold futures rose 0.1% to $2,047.60.
Gold prices eased slightly for Friday but remained on a weekly uptrend as the outlook for the U.S. Federal Reserve's fall in borrowing costs weighed on the dollar and Treasury bond gains, providing demand. for safe hidden assets.
The Fed left interest rates unchanged on Wednesday and Chairman Jerome Powell said the historic tightening of monetary policy would likely end after talk of cutting borrowing costs “is under review.” ".