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GBP/USD Short and GBP/CAD ShortGBP/USD Short Minimum entry requirements: • Tap into area of value. • 1H impulse down below area of interest. • If 2 touch 5 min continuation, reduced risk entry on the break of it. • If 2 touch 15 min continuation, 5 min risk entry within it, or reduced risk entry on the break of it. GBP/CAD Short Minimum entry requirements: • If 3 touch 1H continuation or 2 touch 1H continuation with 3 touch structural approach, 15 min risk entry within it.
Short
by StewySongs
4
USDCHF trendline fully bullish read the caption The USDCHF earlier today reached up to the highest level of the year at 0.90949. However the last three or four hours have seen a rotation to the downside after the weaker than expected ISM nonmanufacturing data. Fed's Powell also, the market at that sending yields lower and the US dollar lower in the process. That good news sent the price of the USDCHF down below is 100 hour moving average at 0.9043 and down to the 200 hour moving average 0.90296 Hundreds road lower, the prior highs from last week at 0.9061 and 0.90636
Long
by Mrsam36
Eurusd will go to top level read the caption Inflation in the eurozone continues to decline. March CPI eased to 2.4% y/y, down from 2.6% in February and below of the market estimate of 2.6%. This matched November’s 28-month low and was driven by the continued slowdown in food inflation. Monthly, CPI rose to 0.8%, up from 0.6% but below the forecast of 0.9%. Core CPI also declined, with a reading of 2.9% y/y. This was below the February gain of 3.1% and just shy of the market estimate of 3.0%. Core CPI, which is considered more significant than the headline release, has declined for an eighth straight month and dropped to its lowest level since February 2022. Germany’s inflation report
Long
by Mrsam36
Gold get ready to above 2300 read the caption Gold price trades higher, near all-time highs around $2,260. The precious metal strengthened after breaking above the prior lifetime high of $2,223 on March 21. More upside in the Gold price is possible as it is trading in an unchartered territory. All short-to-long term Exponential Moving Averages (EMAs) are sloping higher, suggesting strong near-term demand. The 14-period Relative Strength Index (RSI) hovers near 78.00, indicating a strong upside momentum. However
OANDA:XAUUSDLong
by Mrsam36
EURUSD done the sell cleatln to only buy read the caption The EUR/USD pair retreated ahead of crucial statements by key Federal Reserve officials. Michele Bowman, the head of the Kansas Fed, John Williams of New York, Loretta Mester of Cleveland, and Mary Daly of San Francisco, These will be important statements since they will come a day after the US published strong manufacturing data. According to the ISM, the country’s manufacturing PMI rose above 100 for the first time since 2022
Long
by Mrsam36
AUDUSD STILL WANT TO MORE EXPENSIVE BULL ONLY READ THE CAPTION The 200-day moving average (blue line) at 0.6535 is a notable resistance point for now. Keep below and sellers will continue to stay poised in testing the 0.6520 level again. There is some added downside support around 0.6485-82 and that is preventing a steeper fall in the pair for now. But a break below that sets up a retest of the February low of 0.6441 next. Those are the technical parameters in play as we look towards the days ahead
Long
by Mrsam36
XAUUSD open with gap make above 2350 read the caption While bullion’s technical profile continues to be bullish, with a clear pattern of higher highs and higher lows, caution is advised, with the 10-week RSI indicator signaling possible overbought conditions. When markets become overextended in a short period of time, corrective pullbacks often follow, even if they turn out to be temporary or relatively minor. In the event of a bearish shift, support can be identified at $2,145, followed by $2,070, as displayed in the weekly chart attached. Bulls will need to vigorously defend this technical floor; failure to do so may result in a retracement towards the 200-day simple moving average near $1,985. Further down
OANDA:XAUUSDLong
by Mrsam36
Gbpjpy swing trade what next ? Read the caption A push below 191.00 could pave the way for a deeper pullback. The next support would be the Kijun Sen at 190.71, followed by the March 25 wing low of 190.32. A breach of the latter would expose the next support level at 190.02 On the other hand, if GBP/JPY stays afloat and rallies above the Tenkan-Sen, that would open the door to challenge 192.01. Further gains are seen above that level, with the 193.00 mark, followed by the current year-to-date (YTD) high of 193.54
Long
by Mrsam36
Xauusd ready to above 2250 read the caption The Fed signaled they want to be cutting rates and there’s a geopolitical risk concern that continues t markets around these wars, both in Ukraine and in the Middle East, which is gold supportive,” Ilya Spivak, head of global macro at Tastylive said. “Gold prices are in a rangebound trade for most time this month and a break above current resistance level around $2,223 per ounce could see prices heading towards the $2290 mark
OANDA:XAUUSDLong
by Mrsam36