AUDCHF I Potential rise to top of the channelWelcome back! Let me know your thoughts in the comments!
** AUDCFH Analysis - Listen to video!
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Intradaytrading
Reviewing GU from a Swing perspectiveWe are now 2 weeks in on the new year and as the major players come back in to the market it looks like they spent the first 2 weeks of the year accumulating orders to go bearish. As we come into the new week we are looking for more signs that price wants to go bearish now.
Intraday Scalping Idea for GBPAUD: Key Levels and Buy LimitsHey traders! 👋
H1 ICT Long setup
Let’s take a look at the GBPAUD H1 chart, which performed LG and Displacement + Choch after Asia AM session. Our AI screener shows the AUD is increasing momentum to the weak side, currently GBPAUD has strongest momentum amount AUD pairs.
If you’re looking for an intraday scalping idea, here’s one for you:
🎯 Target on key levels:
1.9136
1.9118
1.9100
📉 Buy limit order levels:
1.9061
1.9048
1.9035
🛑 Stop loss:
1.9028
Remember, this is just an idea and not a guarantee. Always do your own research and analysis before making any trades. Good luck! 🤞
GOLD price analysis strategy todayGold prices begin to fall, Spot gold fell from a high of $2,088 in late December amid a stronger U.S. dollar that took it to Wednesday's low of $2,031, from where it was struggling regain recently lost ground. The mid-December high of $2,048 is currently being tested, a move above this level would target the December 21 high, Friday and Tuesday lows at $2,055 to $2,059.
Support lies at Wednesday's low of $2,031.
XAUUSD: Analyze gold price trends todayGold prices (XAU/USD) struggled to capitalize on modest intraday gains and retreated to the lower end of the day's trading range during the first half of the European session on Wednesday. The US Dollar (USD) attracted some buying activity and traded above a one-week high reached the previous day amid doubts about the Federal Reserve's ability to cut interest rates soon ( Fed). This is underpinned by a further rise in US Treasury yields, which, in turn, is seen as a key factor acting as a headwind for the non-yielding yellow metal.
AUDUSD: Market analysis strategy on I chart todayThe Australian Dollar (AUD) tries to end a losing streak on Friday. The AUD/USD pair is facing bearish pressure, even as the US Dollar (USD) lacks clear direction and China's Caixin Services PMI improved in December. Market Sentiment Weakness and widespread commodity price declines have both played a role in the Australian Dollar's weakness. Australia's Judo Bank's latest Purchasing Managers' Index (PMI) data shows a decline in business activity across both the services and manufacturing sectors, further highlighting vulnerabilities of the Australian Dollar. The Services PMI specifically showed the fastest contraction in the services sector since the third quarter of 2021. However, Matthew De Pasquale, Economist at Judo Bank, suggested that a slowdown in the economy Australia has not yet gained momentum. The US Dollar Index (DXY) holds a steady trend, showing a slight tilt towards positive sentiment and potential profits. However, a pullback of recent advances in United States (US) Treasury yields could put some pressure on the Greenback. Furthermore, upbeat jobs data released on Thursday could strengthen support for the US Dollar.
EURUSD: EURUSD strategy todayThe EUR/USD pair remains on the defensive during the early Asian trading session on Thursday. The backdrop of a stronger greenback and higher US Treasury yields exerted some selling pressure on the major pair. At the time of writing, EUR/USD is trading at 1.0922, up 0.01% on the day. On Wednesday, Germany's unemployment rate remained steady at 5.9%, according to estimates. Unemployment change shows the number of unemployed increased by 5k compared to the market consensus of 20k and at 21k previously. Investors are awaiting Friday's Eurozone inflation report for fresh impetus. The annual Harmonized Consumer Price Index (HICP) in December is forecast to rebound to 3.0% from 2.4%.
USDJPY: Analysis of the usdjpy market today, January 4The au Jibun Bank Japan Manufacturing PMI remained in contraction territory for the seventh straight month and fell to 47.9 in December – the lowest level since February.
Predictions of a reversal in the policy divergence between the Bank of Japan (BoJ) and the Federal Reserve (Fed) in 2024 will continue to support the JPY.
Minutes from the December 12-13 FOMC meeting reflect consensus that inflation is under control and concern about the risks that overly restrictive policy could pose to the economy.
NQ Power Range Report with FIB Ext - 12/29/2023 SessionCME_MINI:NQH2024
- PR High: 17101.75
- PR Low: 17082.00
- NZ Spread: 44.25
No significant economic events
Last trading day of the year
- Low vols expected
Evening Stats (As of 12:05 AM)
- Weekend Gap: N/A
- Gap 10/30 +0.47% (open < 14272)
- Session Open ATR: 181.26
- Volume: 15K
- Open Int: 284K
- Trend Grade: Bull
- From ATH: -3.4% (Rounded)
Key Levels (Rounded - Think of these as ranges)
- Long: 17700
- Mid: 16391
- Short: 15819
Keep in mind this is not speculation or a prediction. Only a report of the Power Range with Fib extensions for target hunting. Do your DD! You determine your risk tolerance. You are fully capable of making your own decisions.
GBPUSD Technical analysis todayThe UK's economic recovery appears to be slower than that of most G7 partners, with only Germany experiencing a more sluggish recovery. A surprise drop in inflation coupled with signs of an economic slowdown could force the Bank of England to reassess its monetary policy stance in the coming months to support growth.
Analyzing USDJPY price today, please follow my articleUSDJPY surged after falling below the 200-day SMA but encountered strong resistance at the 200-day EMA and recovered some of last week's decline. The Relative Strength Index has recovered from the 30 level, but it is trending sideways and the MACD is rising after falling below the trigger line.
If the upward pressure continues, the price could revisit the previous starting point at 146.60. A break above this area is the starting point for USDJPY's second sell-off and a tightening of the 100-day SMA.
If the bears reappear and the bears attempt to pull back the price, the initial downtrend could stall at the short-term support zone at 141.86 and then at the short-term bottom at 140.90 .
Overall, USDJPY remains in negative medium-term mode after the sharp pullback from 151.91, but it seems to have received enough support. However, with the MACD strengthening in the negative zone, a bullish breakout is more likely. Recommended to buy at a discount.
XAUUSD Strategy to analyze gold price trends todayGold prices (XAU/USD) are on a steady trend, positioned for their best year in the past three years, driven by various global economic factors and geopolitical tensions.
Although spot gold fell slightly early Wednesday, it remained near a two-week high. Gold futures prices, in turn, are rising, making them likely to post strong annual gains. This performance reflects gold's enduring appeal in uncertain times.
It broke above the 2067.00 minor resistance level, which could now act as new support. The next key resistance level is 2149.00. Staying above the key support level of 1987.00 reinforces this bullish sentiment.
XAUUSD: Gold technical analysis todayGold, the longtime safe-haven asset, experienced a notable rally, surpassing the psychological barrier of $2,060 an ounce on Tuesday. This increase is likely due to a combination of factors, with market participants closely monitoring developments in the US economy, especially with regard to inflation and possible cuts. Federal Reserve interest rate cuts.
From a technical standpoint, . The previous resistance area that limited gains at 2050-2060 has now turned into support. I recommend looking for buying opportunities on a pullback to retest the previously broken resistance level, which is also confluent with the 61.8% Fibonacci retracement and the ascending trendline acts as cross support for gold. I see resistance around 2090 as the first potential target and also a test of the all-time high
GOLD: Gold price trend todayThe technical outlook for gold is quite optimistic, especially when the FED's actions are showing that they will have a high possibility of cutting interest rates. That will have a positive impact on gold.
Gold in today's session will increase to the 2070 threshold, but then will decrease again. Optimism about gold price increases is still very promising, when investors are betting that the FED will move to cut interest rates.
EURUSD :Analyze market strategies todayThe Euro continues to strengthen as Martins Kazaks, member of the Governing Council of the European Central Bank (ECB), highlighted the need to maintain current interest rates over the long term. However, he suggested that the first interest rate cut could materialize around mid-2024. This statement strengthened the Euro's position as the commitment to maintain interest rates was seen as a maintenance measure. the power of money.
From the chart below, we can see that EUR/USD has moved away from the 200 Day Moving Average, which shows that the pair is currently trending very strongly, so it is best to focus on buying and not sold. Selling would be a higher risk counter-trend method. EUR/USD has a key resistance level at 1.05000. Personally, I think EUR/USD will head towards that price level before any pullback.
GOLD price trend todayGold prices fluctuated in a narrow range during the early Asian session. Guided by the 60-day SMA in the 1H chart, gold fluctuates downward. Early in the US session, the USD recovered from lows following the data and hawkish comments from Fed officials. Gold then lost value and once fell to $2027.50, closing the daily chart lower. Along with yesterday's growth, gold has formed an excessive bearish signal, indicating retracement pressure.
AUDUSD Market analysis strategy todayAUDUSD has seen a notable recovery this week, rising to 0.6791 on Thursday, marking its highest level since late July.
After a failed attempt at the beginning of the month, bulls finally broke above the resistance trend line dating back to April 2022, adding to market optimism that the trend is reversing upwards from the lows of the year in October can continue. The RSI and stochastic oscillator are consistent with this view as they fluctuate around the 70 and 80 levels respectively without confirming overbought conditions.
Overall, AUDUSD maintains an uptrend. Although the recent strong recovery may slow, bulls may focus on the 0.6830 area as this is the potential endpoint of the upward impulse waves in the coming trading days.
XAUUSD: Gold price analysis strategy todayDuring the Asian trading session on Thursday (December 12), spot gold price decreased slightly and is currently trading at 2037 USD. Yesterday, Fed officials remained hawkish and stated that there would be no 'immediate interest rate cuts'. It was another hawkish speech following the hawks after Powell signaled dovishness. At that time, the market must wait for more data before predicting the time and amplitude of interest rate cuts. However, US existing home sales rose unexpectedly yesterday, and all this surprising data suggests the existence of economic viscosity and inflation, suppressing bullish sentiment. of the market for gold.
XAUUSD Today's gold strategy I predictGold prices yesterday during the Asian session mainly fluctuated in a narrow range. At the start of the US market, gold prices quickly surged amid a weakening dollar index and after a close until 2047. However, under pressure from hawkish theory and strong economic data strong, gold prices fell slightly, eventually closing. a small white body. Gold prices are currently at the upper edge of the volatility range over the past 2 weeks, where temporary resistance has been encountered. Back to technical analysis, the daily uptrend is still clear and the weakness is that the MACD signal is at high levels; The 1-hour candle stands above the 60-day moving average, but due to the lack of a key intraday chart, it will be aligned to the 60-day moving average. The following focus is on support for 2028 and further focus on support for 2015; Today's trading range may still be called 2015-2048, you can still buy low and sell high within the range, and progressives may refer to the smaller range 2028-2040.
EURUSD strategy todayThe EURUSD lost momentum on Wednesday as concerns about the eurozone's economic outlook intensified. However, the intraday bias remains neutral and more consolidation is likely below 1.1008. A further rebound is expected as long as the 1.0722 support level is held. On the upside, a break above 1.1016 would resume the overall uptrend starting from 1.0450 and retest the high of 1.1274. If it breaks above the 200-week EMA then it could touch the 200-week EMA at 1.1150 before 1.1275. a move higher could turn the trend to bullish. However, any move below the 50-week and 100-week SMA would see it fall towards 1.0450, below which the psychological barrier of 1.0200 will be closely watched to prevent further decline.
In the near term, EURUSD could break below 1.0880 and 4-hour SMA 100 at 1.0870 to add to bearish pressure and shift bears' attention to level 1, 0825 to the December low of 1.0715. Should sell at a high level.
Banknifty Intraday levels for 8 Dec 2023
I am sharing crucial NSE:BANKNIFTY levels that serve as significant support and resistance points for intraday trading. To execute trades based on these levels, wait for a 15-minute candle closing above them. You can employ both breakout and reversal strategies in your trading approach.
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Identified through price action, major support and resistance levels are marked with lines as resistances and supports. If the price breaches a support or resistance, it is likely to move towards the next corresponding level.
Important Note: These levels are intended for intraday trading purposes only.
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Rinse and Repeat Simple Intraday Momentum Trading StrategyI illustrate my simple short term USA session strategy and also talk about the importance of the USA session when it comes to trend changes and daily bias changes
As always, these are the main steps:
Identify an intraday directional bias
Identify the key levels
Identify trade entry triggers
Manage the trade with attention to "Actual Risk"